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  • #5,461
  • Apr 2, 2014 7:10am Apr 2, 2014 7:10am
Quoting amansuri1
ohhhhhhhh that was some bloddy spike
All the stops for the shorts where hit...including mine (+778 pips). Most of the short term bears just left the market. Now its up to the bulls...if they can't sustain this momentum, then I will short again.

Of note...this is the first time in two weeks the 4 hr chart has moved above the 20 bar moving average.
  • #5,462
  • Apr 2, 2014 7:11am Apr 2, 2014 7:11am
Quoting Nitsan_Levi
Caution everyone There is Gartley patterm for short +sma in the 4h and 8h !! Price still shold come to 8h sma300 and finsh the big ab=cd I close my long from fibo 161.8 and wait for the sma300 {image}
I hope it s true I hold this position to 1272 but it is hard to believe:/
  • #5,463
  • Apr 2, 2014 7:11am Apr 2, 2014 7:11am
A Daily close above 1300 could provide todays daily candle as supportive therefore could initially have bottomed out.
To live a successful life, we must lose our fear of being wrong
  • #5,464
  • Apr 2, 2014 7:13am Apr 2, 2014 7:13am
Quoting angelpatrici
{quote} where is sma300? 1272?
1272

Quoting zaghloul
{quote} At what price should we start shorting? What TP? What SL? Sorry I can't do 8H timeframe on my platform (ctrader).
Quoting gspajon
{quote} All the stops for the shorts where hit...including mine (+778 pips). Most of the short term bears just left the market. Now its up to the bulls...if they can't sustain this momentum, then I will short again. Of note...this is the first time in two weeks the 4 hr chart has moved above the 20 bar moving average.

Quoting Mrdj
{quote} I hope it s true I hold this position to 1272 but it is hard to believe:/

I dont say to take short!! since last week I say only to take long!! But its must to be smart long and wait for the big ab=cd +sma300 in the 8h
  • #5,465
  • Apr 2, 2014 7:17am Apr 2, 2014 7:17am
maybe this day peak at 1296.

Quoting Nitsan_Levi
{quote} 1272 {quote} {quote} {quote} I dont say to take short!! since last week I say only to take long!! But its must to be smart long and wait for the big ab=cd +sma300 in the 8h
thanks
  • #5,466
  • Apr 2, 2014 7:24am Apr 2, 2014 7:24am
Quoting gspajon
{quote} All the stops for the shorts where hit...including mine (+778 pips). Most of the short term bears just left the market. Now its up to the bulls...if they can't sustain this momentum, then I will short again. Of note...this is the first time in two weeks the 4 hr chart has moved above the 20 bar moving average.
The same applies for the bulls. They all took profit and are out of their positions. In fact, I think the bears will come in again to recoup losses.
  • #5,467
  • Apr 2, 2014 7:25am Apr 2, 2014 7:25am
Out of curiosity I just checked the ADP data, it seems neutral as per the FF site. I really don't know how to analyze news, honestly, I can only interpret red / green color on the FF homepage. Can anyone explain why it has been so volatile before and after this high impact news?
Hello World!
  • #5,468
  • Apr 2, 2014 7:27am Apr 2, 2014 7:27am
Quoting Nitsan_Levi
{quote} 1272 {quote} {quote} {quote} I dont say to take short!! since last week I say only to take long!! But its must to be smart long and wait for the big ab=cd +sma300 in the 8h
I see Gartley at H4

Anyway, Do you a metode to count Gartley Ratio?
Attached Image
  • #5,469
  • Apr 2, 2014 7:29am Apr 2, 2014 7:29am
Quoting wangsit
{quote} I see Gartley at H4 Anyway, Do you a metode to count Gartley Ratio? {image}
I see it too


see here I add it

Quoting Nitsan_Levi
Caution everyone There is Gartley patterm for short +sma in the 4h and 8h !! Price still shold come to 8h sma300 and finsh the big ab=cd I close my long from fibo 161.8 and wait for the sma300 {image}
  • #5,470
  • Apr 2, 2014 7:30am Apr 2, 2014 7:30am
Quoting ClockTrader
Out of curiosity I just checked the ADP data, it seems neutral as per the FF site. I really don't know how to analyze news, honestly, I can only interpret red / green color on the FF homepage. Can anyone explain why it has been so volatile before and after this high impact news?
i guess it's so hard, especially on gold
if we are bank trader we will have eye on what going on
out of forex platform
Investing is SIMPLE but NOT EASY
  • #5,471
  • Apr 2, 2014 7:30am Apr 2, 2014 7:30am
if gold hold 1290 seen 1320,1336.
  • #5,472
  • Apr 2, 2014 7:31am Apr 2, 2014 7:31am
Nice breakout, looks like the 50% retracement level was a valid support after all.
"Where you want to be is always in control, never wishing, always trading.
  • #5,473
  • Apr 2, 2014 7:31am Apr 2, 2014 7:31am
Quoting ClockTrader
Out of curiosity I just checked the ADP data, it seems neutral as per the FF site. I really don't know how to analyze news, honestly, I can only interpret red / green color on the FF homepage. Can anyone explain why it has been so volatile before and after this high impact news?
ADP is good. that should be green.
they revised, previous data.
as fundamental, should be down.
  • #5,474
  • Apr 2, 2014 7:32am Apr 2, 2014 7:32am
Quoting ClockTrader
Out of curiosity I just checked the ADP data, it seems neutral as per the FF site. I really don't know how to analyze news, honestly, I can only interpret red / green color on the FF homepage. Can anyone explain why it has been so volatile before and after this high impact news?
hi ct u need to c previous as well, the current data was well above previous two months datas
  • #5,475
  • Apr 2, 2014 7:33am Apr 2, 2014 7:33am
Quoting ClockTrader
Out of curiosity I just checked the ADP data, it seems neutral as per the FF site. I really don't know how to analyze news, honestly, I can only interpret red / green color on the FF homepage. Can anyone explain why it has been so volatile before and after this high impact news?
buy on roumers sell on news... the last adp numbers where not so good....
  • #5,476
  • Apr 2, 2014 7:36am Apr 2, 2014 7:36am
Quoting ClockTrader
Out of curiosity I just checked the ADP data, it seems neutral as per the FF site. I really don't know how to analyze news, honestly, I can only interpret red / green color on the FF homepage. Can anyone explain why it has been so volatile before and after this high impact news?
This spike happened before the news. The difference between actual and forecast was minimal and it had a minimal effect on all USD pairs. Gold was just crazy, before the news, possibly because many people closed their positions before the release. They were probably confusing ADP NFP for the official NFP which comes out on Friday, and is the biggest moving news of any release.
  • #5,477
  • Apr 2, 2014 7:38am Apr 2, 2014 7:38am
Quoting Nitsan_Levi
{quote} I see it too see here I add it {quote}
I still dont know how you can do it, although I have put fibonachi.

I will watch Jason Stapleton's Video.
He has a video about Gartley and Fibonachi.
(I only have watched "Into the Grey")

After I understand his video, I will give question again.

And Did you mean fibo 161.8 is my fibo point at 61.8?
Attached Image
  • #5,478
  • Apr 2, 2014 7:40am Apr 2, 2014 7:40am
Quoting amansuri1
{quote} hi ct u need to c previous as well, the current data was well above previous two months datas
Not at all. This is not the case. First, the spike happened before the news. Second, the most important thing is deviation between forecast and actual. Previous months have minimal effect (unless there is a revision). That is because the forecast value is priced into the market, and a deviation from that will force a price movement.
  • #5,479
  • Apr 2, 2014 7:41am Apr 2, 2014 7:41am
Thanks fellas for the kind inputs, analyzing news looks too complex to me. I think I will stick to fundamentals of trading i.e. buy when it seems bottom, sell when it looks like a peak. I'll keep it simple.

Quoting Moly_Cam5
{quote} i guess it's so hard, especially on gold if we are bank trader we will have eye on what going on out of forex platform
Quoting angelpatrici
{quote} ADP is good. that should be green. they revised, previous data. as fundamental, should be down.
Quoting amansuri1
{quote} hi ct u need to c previous as well, the current data was well above previous two months datas
Quoting zaghloul
{quote} This spike happened before the news. The difference between actual and forecast was minimal and it had a minimal effect on all USD pairs. Gold was just crazy, before the news, possibly because many people closed their positions before the release. They were probably confusing ADP NFP for the official NFP which comes out on Friday, and is the biggest moving news of any release.
Hello World!
  • #5,480
  • Apr 2, 2014 7:41am Apr 2, 2014 7:41am
new here. learning from you guys. excuse my (sometimes) questions if the are not so "profesional" like yours.
so ... gold up or down , short , long ? i looked up on yours charts.. i'm lost!
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