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  • #5,921
  • Apr 4, 2014 8:05am Apr 4, 2014 8:05am
Quoting Nitsan_Levi
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 {image}
I think this sma300 in the 1h will be strong...I will take there normal size postion... (short)
  • #5,922
  • Apr 4, 2014 8:05am Apr 4, 2014 8:05am
Quoting Nitsan_Levi
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 {image}
Nice plan NL. It should find a Sup at 1296 or 130x. If not, down leg is possible.
  • #5,923
  • Apr 4, 2014 8:06am Apr 4, 2014 8:06am
Quoting waleed.khan
{quote} 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?
There are no fundamentals to gold, its all plain demand and supply, much of it pure speculation.
"Where you want to be is always in control, never wishing, always trading.
  • #5,924
  • Apr 4, 2014 8:07am Apr 4, 2014 8:07am
Everyone love Gold. Usd down Gold goes up.. Its hard to find rejection on Gold but Gold respect on breakout support and resistance
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  • #5,925
  • Apr 4, 2014 8:08am Apr 4, 2014 8:08am
Quoting masbro134
{quote} Nope, if it did happen my TP would be hit, since one of my short I put TP @1281
my another broker say 1289 during news. very strange mas bro, i use IBFX, look this:

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  • #5,926
  • Apr 4, 2014 8:09am Apr 4, 2014 8:09am
Quoting nicefirework
{quote} my another broker say 1289 during news. very strange mas bro, i use IBFX, look this: {image}
Mine dropped to 1285.
To live a successful life, we must lose our fear of being wrong
  • #5,927
  • Apr 4, 2014 8:10am Apr 4, 2014 8:10am
Quoting nicefirework
{quote} my another broker say 1289 during news. very strange mas bro, i use IBFX, look this: {image}
Your broker is a bucketshop. 1286.8 is the low on that stop run on CME.
"Where you want to be is always in control, never wishing, always trading.
  • #5,928
  • Apr 4, 2014 8:10am Apr 4, 2014 8:10am
Quoting Nitsan_Levi
{quote} I think this sma300 in the 1h will be strong...I will take there normal size postion... (short)
Nitsan, what do you think about Silver? Will it follow gold in the drop before going back up?
A 1 pip gain is better than a 1 pip loss.
  • #5,929
  • Apr 4, 2014 8:10am Apr 4, 2014 8:10am
Quoting EatPIPs
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...

I absolutely love these debates.. The way I had seen this was back on Feb 26-27..gold was going down from 1330 level..but then russia/ukraine issue...added a premium to the price of gold...to 1400..now it sees no real reason to be up...but the mob is involved (new buyers, technician etc) who want to drive it up....
  • #5,930
  • Apr 4, 2014 8:11am Apr 4, 2014 8:11am
on NFP usually USDJPY moves 100pips very quickly in 5 to 10 mins.. today first moved against news n i got some loss (dint follow CT's suggestion) n still not a very aggresive move on news. so feel like n also as Nitsan's call.. gold may come down USD is strong this moment.

my observation only...
P.S. Trade with the discipline of Money Management and Risk Management.
  • #5,931
  • Apr 4, 2014 8:11am Apr 4, 2014 8:11am
Quoting azfarjaved
{quote} 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.
Nice! we are on the logical side of the trade. Even if we lose, it is okay. At least we took some logical decision and let the price speak...if we lose, it is down to luck.
Good luck!
  • #5,932
  • Apr 4, 2014 8:12am Apr 4, 2014 8:12am
Quoting EatPIPs
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...
no one bellieved that USA january-march slowdown was caused by a very cold winter, no one had heard about interest rates direction
+ a possible Asia Crisis (now they need cash) + Crimea crisis = big rally in Gold.

suddenly that floor dissapeared, now gold is at mercy of technicals, right now we are seeing attempts to break $1300 since there many hedge funds inspired by Ketco and other big gold traders to push it up.
  • #5,933
  • Apr 4, 2014 8:12am Apr 4, 2014 8:12am
hello guys traders....
hope all trade safe ./.. i hate fridays it comes with not normal numbers any way i think almost try find short differ in size according to each account me my orders in 1306 and 1318 .... target updated to market but i see the 1266 the more u traders to watch the monthly chart to gold this april should see number soo cool .... may be see 1377 and could see 1230.... i know its strange .. i just think loud with u guys,,,

trade safe... good luck all
  • #5,934
  • Apr 4, 2014 8:12am Apr 4, 2014 8:12am
Quoting nicefirework
{quote} my another broker say 1289 during news. very strange mas bro, i use IBFX, look this: {image}
http://forexmagnates.com/nfa-issues-...-inadequacies/

DONT USE THESE GUYS!!!!!!
  • #5,935
  • Apr 4, 2014 8:13am Apr 4, 2014 8:13am
Quoting waleed.khan
{quote} I absolutely love these debates.. The way I had seen this was back on Feb 26-27..gold was going down from 1330 level..but then russia/ukraine issue...added a premium to the price of gold...to 1400..now it sees no real reason to be up...but the mob is involved (new buyers, technician etc) who want to drive it up....

notice the gap on the daily chart on feb 26-2 also?
  • #5,936
  • Apr 4, 2014 8:14am Apr 4, 2014 8:14am
Quoting acidguy
{quote} no one bellieved that USA january-march slowdown was caused by a very cold winter, no one had heard about interest rates direction + a possible Asia Crisis (now they need cash) + Crimea crisis = big rally in Gold. suddenly that floor dissapeared, now gold is at mercy of technicals, right now we are seeing attempts to break $1300 since there many hedge funds inspired by Ketco and other big gold sellers to push it up.
i think you spoke my mind
  • #5,937
  • Apr 4, 2014 8:16am Apr 4, 2014 8:16am
Quoting EatPIPs
{quote} Mine dropped to 1285.
Rookies
Moscow Exchange (http://moex.com/) dropped it to 1272
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  • #5,938
  • Apr 4, 2014 8:17am Apr 4, 2014 8:17am
I think if price decides to fall this time, It is gonna fall hard and quick
  • #5,939
  • Apr 4, 2014 8:19am Apr 4, 2014 8:19am
Quoting Polaris4dy
I think if price decides to fall this time, It is gonna fall hard and quick
Price does not/can not decide. People do.
But agree, falling, if it goes on, will be as painful as it was on April 2014.
  • #5,940
  • Apr 4, 2014 8:19am Apr 4, 2014 8:19am
Trade safe guys. I'm fully locked in on my longs and im done for the weekend. See y'all next week.
To live a successful life, we must lose our fear of being wrong
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