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  • #5,901
  • Apr 4, 2014 7:50am Apr 4, 2014 7:50am
Quoting waleed.khan
{quote} this could be seen the other way around too...good numbers couldnt push the price down...? ;p
Yeah... the numbers were pretty much in line with expectations, could be interpreted anyway the big boys want to.
"Where you want to be is always in control, never wishing, always trading.
  • #5,902
  • Apr 4, 2014 7:51am Apr 4, 2014 7:51am
Quoting EatPIPs
{quote} Dude, patience! Let the market come to you!
There is always a retracement from major news which has been shown. It is to the upside so from my experience PA should close above 1300 today and possibly the upward move is now is play.
To live a successful life, we must lose our fear of being wrong
  • #5,903
  • Apr 4, 2014 7:52am Apr 4, 2014 7:52am
Quoting waleed.khan
{quote} this could be seen the other way around too...good numbers couldnt push the price down...? ;p
Never ever follow news. Have you ever seen Nitsan follow news?

OR ever seen Jacko.. follow it?

OR bots at banks?

Who follows news? an average trader next door or another trader on a forum, 98% traders quit FX within 2 yrs.

with that said, IF NEWS is working for you, keep following it, period.
Hello World!
  • #5,904
  • Apr 4, 2014 7:52am Apr 4, 2014 7:52am
Quoting ClockTrader
{quote} Maybe you need to wait fellas. Don't be impatient. That's all I'd say. I got 16 longs and heck, I'm like frozen piece of cake right now. Can't trade, can't think either. PROBLEM: more we watch the charts, more dumb it makes us. I begin to forget what my analysis says, feeling like swayed by the numbers, sucks! Only trying to prevent myself from committing any stupid mistake.
Sure, should wait, but in old good times we'd get 20$+ candle.
What we got? We got south impulse and weak bull impulse.
Despite the 1500 contracts thrown directly to market.
Of course we should wait, but news are those moments when big players reveal their intentions. Even if they try not to.

Agree about getting dumb after hours of chart staring.
  • #5,905
  • Apr 4, 2014 7:54am Apr 4, 2014 7:54am
Quoting ClockTrader
{quote} Never ever follow news. Have you ever seen Nitsan follow news? OR ever seen Jacko.. follow it? OR bots at banks? Who follows news? an average trader next door or another trader on a forum, 98% traders quit FX within 2 yrs. with that said, IF NEWS is working for you, keep following it, period.
Very well said!!! News are made up to speed up price to reach technical levels..that's all...NEWS DOESN'T DETERMINE DIRECTION! Period
  • #5,906
  • Apr 4, 2014 7:54am Apr 4, 2014 7:54am
Quoting ClockTrader
{quote} Never ever follow news. Have you ever seen Nitsan follow news? OR ever seen Jacko.. follow it? OR bots at banks? Who follows news? an average trader next door or another trader on a forum, 98% traders quit FX within 2 yrs. with that said, IF NEWS is working for you, keep following it, period.
I add news to my technical trading and it works most of the time. Everyone to their own methods.
To live a successful life, we must lose our fear of being wrong
  • #5,907
  • Apr 4, 2014 7:55am Apr 4, 2014 7:55am
Quoting Polaris4dy
Kept adding my short until a dangerous leverage...and then I realizethat and cut down a bit.,.. Still short now! Bulls couldn't push price through 1300.. Hope I'm lucky though
be careful, n one really knows where gold is going, its just a probability and price action game.
  • #5,908
  • Apr 4, 2014 7:55am Apr 4, 2014 7:55am
Quoting nicefirework
does eny body experience drop to 1279 then up to 1302?
Nope, if it did happen my TP would be hit, since one of my short I put TP @1281
  • #5,909
  • Apr 4, 2014 7:55am Apr 4, 2014 7:55am
Quoting EatPIPs
{quote} There is always a retracement from major news which has been shown. It is to the upside so from my experience PA should close above 1300 today and possibly the upward move is now is play.
i agree more than a 100%..technically it all makes sense... if support holds on 1300...new trend line is also drawn...this makes sense technically....but fundamentally there is no reason why gold should be up in the near term....? i mean ho much upside can be seen 1320-30? No real news too keep it up?
  • #5,910
  • Apr 4, 2014 7:55am Apr 4, 2014 7:55am
Quoting EatPIPs
{quote} Dude, patience! Let the market come to you!
Get rich or die trying!!! hehehe

Nah I know man, but this is my problem, and even though I can see exactly what I'm doing, it's like an evil spirit takes over my body and just keeps going!!!!

I do actually have some sound reasons for going long GBPUSD though, major support, bad USD news, and short term volatility (on the 1H leading up to NFP, not just NFP noise) signalling reversal, as well as one hell of a hammer on H4.
  • #5,911
  • Apr 4, 2014 7:57am Apr 4, 2014 7:57am
Quoting acidguy
{quote} be careful, n one really knows where gold is going, its just a probability and price action game.
Yeah thanks mate! That's why i try not to be emotional and over leverage..haha
  • #5,912
  • Apr 4, 2014 7:57am Apr 4, 2014 7:57am
Hey all...update :

2 I close in profit when red bar come in 3:30....then 1 out in stop

But I still think price shold fall...so I take this 2shorts plan...

short 1 ab=cd +pivot point

short 2 sma300

SEE PIC

GL HF
Attached Image (click to enlarge)
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  • #5,913
  • Apr 4, 2014 7:58am Apr 4, 2014 7:58am
Quoting samalmoore
{quote} Get rich or die trying!!! hehehe Nah I know man, but this is my problem, and even though I can see exactly what I'm doing, it's like an evil spirit takes over my body and just keeps going!!!! I do actually have some sound reasons for going long GBPUSD though, major support, bad USD news, and short term volatility (on the 1H leading up to NFP, not just NFP noise) signalling reversal, as well as one hell of a hammer on H4.
Plus the EMA80 and EMA480 on H1 look like they're heading for a nice crossover, possibly to be joined by MA20 for the beautiful golden cross
  • #5,914
  • Apr 4, 2014 7:58am Apr 4, 2014 7:58am
Quoting Polaris4dy
Kept adding my short until a dangerous leverage...and then I realizethat and cut down a bit.,.. Still short now! Bulls couldn't push price through 1300.. Hope I'm lucky though
Dear, we are on same boat. I strongly belief on Nitsan's call and he is also with us (in short). Stay connected and simply act on policy "wait & watch". Wish all bears best of luck.
  • #5,915
  • Apr 4, 2014 8:00am Apr 4, 2014 8:00am
Quoting ClockTrader
{quote} Never ever follow news. Have you ever seen Nitsan follow news? OR ever seen Jacko.. follow it? OR bots at banks? Who follows news? an average trader next door or another trader on a forum, 98% traders quit FX within 2 yrs. with that said, IF NEWS is working for you, keep following it, period.
i agree... i don't usually follow Nfp for trade signals....but i'm looking at the near term fundamental picture...there are not many reasons for prices to stay above 1300...but technically this seems like the case? your thoughts?
  • #5,916
  • Apr 4, 2014 8:02am Apr 4, 2014 8:02am
if gold can not stay above $1300 for some time, the next 4 hours the charts will print a nice reversal candle pattern that technicals would use to inspire much more selling.
  • #5,917
  • Apr 4, 2014 8:03am Apr 4, 2014 8:03am
Guys anyone think that the price, will reach above 1.307 or moreee
please let us say our opinion seriously
  • #5,918
  • Apr 4, 2014 8:04am Apr 4, 2014 8:04am
Many can argue that the price of Gold is going to go down or up. Technically, we have been bullish all year and have had a correction to the 50% level of the upmove. This can be seen in many ways. However 50% is a strong level. Now it can go lower than this of course and it has done so already, however the bigger picture is that we are in an upward direction, news or no news, the market moves and with the NFP, it could of potentially set the path for the bulls to jump back onto the bandwagon.

My advise would be to wait for a follow through next week to see if they have regained control.

Im favoring the longs.
To live a successful life, we must lose our fear of being wrong
  • #5,919
  • Apr 4, 2014 8:05am Apr 4, 2014 8:05am
Oh how I wish I had held onto my gold longs!!!!

https://encrypted-tbn1.gstatic.com/i...WAlBa0HUYRxqrE
  • #5,920
  • Apr 4, 2014 8:05am Apr 4, 2014 8:05am
Quoting prototip
its getting ready for journey to over 1300...
over 1300 is good...
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