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  • #5,041
  • Mar 28, 2014 8:16am Mar 28, 2014 8:16am
Quoting Nitsan_Levi
Eur/Usd stop move to zero
well played dude
To live a successful life, we must lose our fear of being wrong
  • #5,042
  • Mar 28, 2014 8:26am Mar 28, 2014 8:26am
Hi All, apology if i post off topic, but would like to hear if nitsan or anyone have an opinion on the following chart?
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  • #5,043
  • Mar 28, 2014 8:31am Mar 28, 2014 8:31am
Quoting EatPIPs
50FIB has held nicely so far - started building on my longs now first TP 38.2 FIB
in ur charts where is fib 38.2 ?
thanks
  • #5,044
  • Mar 28, 2014 8:33am Mar 28, 2014 8:33am
Quoting angelpatrici
{quote} in ur charts where is fib 38.2 ? thanks
1311
To live a successful life, we must lose our fear of being wrong
  • #5,045
  • Mar 28, 2014 8:34am Mar 28, 2014 8:34am
Quoting EatPIPs
{quote} 1311
ok,thanks
GL
  • #5,046
  • Mar 28, 2014 8:39am Mar 28, 2014 8:39am
Quoting EatPIPs
{quote} 1311
However there is still much in the way beforehand. I'm looking to ride the waves on this one now.

The 50% retracement has been very important for me. And I have always respected it in the past on the bigger TFs and am looking for Gold to respect it on this "correction" we have been in.

Of course this becomes invalidated if it gets taken out firmly however I have opened my longs early looking to get in at the best possible price if this has been a correction to the 50% level.

1296 is important to me as well as the big 1300 (which ideally needs to be used as support if/when taken out).

Its Friday, both London and NY have stamped their lows (again, as long as they hold) so unless PA goes out clubbing early and gets drunk bringing volatility into the PA, I think it will probably range within $5 or so for the rest of the day.

Im currently watching the 1M chart where a triangle has been formed so just looking to see if there becomes a breakout of this so I can add/remove positions. So far being respected to both the upside and downside as it closes in.
To live a successful life, we must lose our fear of being wrong
  • #5,047
  • Mar 28, 2014 8:51am Mar 28, 2014 8:51am
Quoting Spec_And
{quote} Took small long again @ 1287 (session low 1286.7), SL at breakeven. Still need to break the DT line on that wedge for this to be a durable short term low.
Stopped...
"Where you want to be is always in control, never wishing, always trading.
  • #5,048
  • Mar 28, 2014 8:54am Mar 28, 2014 8:54am
NY made another new low. Could end the day in the low 128x possibly.
To live a successful life, we must lose our fear of being wrong
  • #5,049
  • Mar 28, 2014 8:56am Mar 28, 2014 8:56am
my limit has been touched 1286 lol
let the rumble begin
  • #5,050
  • Mar 28, 2014 8:56am Mar 28, 2014 8:56am
15 Min chart looks like a double bottom...holding tight to my long
  • #5,051
  • Mar 28, 2014 8:59am Mar 28, 2014 8:59am
gold, cyclically speaking, probably won't be ready for a longer term buy until June/July. we should get a bounce over the next few days but may wait until early next week to begin. really need to hold the current price range to go up though.
  • #5,052
  • Mar 28, 2014 9:02am Mar 28, 2014 9:02am
Quoting EatPIPs
NY made another new low. Could end the day in the low 128x possibly.
Look the bullish engulf candle H1. 1300 back, IMO
  • #5,053
  • Mar 28, 2014 9:02am Mar 28, 2014 9:02am
Damn those stop runners... now its probably going to take off without me.

Should not have used such a stupidly tight stop, amateur mistake.
"Where you want to be is always in control, never wishing, always trading.
  • #5,054
  • Mar 28, 2014 9:04am Mar 28, 2014 9:04am
Quoting namaus
{quote} Look the bullish engulf candle H1. 1300 back, IMO
Think you could be right bro
To live a successful life, we must lose our fear of being wrong
  • #5,055
  • Mar 28, 2014 9:05am Mar 28, 2014 9:05am
Quoting namaus
{quote} Look the bullish engulf candle H1. 1300 back, IMO
Yeah bullish engulfing in H1 if close above 1293..plus double pin bar..will hold my long with wide stop loss =DGL
  • #5,056
  • Mar 28, 2014 9:05am Mar 28, 2014 9:05am
Quoting EatPIPs
{quote} Think you could be right bro
Need it to fly through 1296 though!
To live a successful life, we must lose our fear of being wrong
  • #5,057
  • Mar 28, 2014 9:07am Mar 28, 2014 9:07am
Suddenly.. game on bears.. go big or go home !
A trade should be based on an assumption based on facts
  • #5,058
  • Mar 28, 2014 9:11am Mar 28, 2014 9:11am
Quoting Mave
Suddenly.. game on bears.. go big or go home !
This second reaction from the 50 FIB was strong. Now also pierced through the lower channel upper TL.
To live a successful life, we must lose our fear of being wrong
  • #5,059
  • Mar 28, 2014 9:13am Mar 28, 2014 9:13am
Quoting EatPIPs
{quote} This second reaction from the 50 FIB was strong. Now also pierced through the lower channel upper TL.
Actually there is no magic itself in fib...it is respected because many trader respect it and take collective action when it get hit..(take profit for short and buy long for those who havent open)....is that right?
  • #5,060
  • Mar 28, 2014 9:13am Mar 28, 2014 9:13am
If this is the rally, then I have 1324 as a possible upside target - neck line. But let's not get too excited, the bears are strong and clever.
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