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  • #5,961
  • Apr 4, 2014 8:50am Apr 4, 2014 8:50am
Quoting ClockTrader
{quote} This ding<->dong up<-->down dance should continue for sometime, maybe until 12 pm NY, nevertheless I expect the long wave to continue. I got 16 longs, if it falls BAD, I'll be closing the day with no loss, no profit.
hey CT, what is your take profit level?
  • #5,962
  • Apr 4, 2014 8:52am Apr 4, 2014 8:52am
Quoting ClockTrader
{quote} This ding<->dong up<-->down dance should continue for sometime, maybe until 12 pm NY, nevertheless I expect the long wave to continue. I got 16 longs, if it falls BAD, I'll be closing the day with no loss, no profit.
NZD/U AND Gold Are mine next week better than E/U This days
Check Nzd/u start from high TF u will see clear picture and much +++
  • #5,963
  • Apr 4, 2014 8:54am Apr 4, 2014 8:54am
next, i think, GOLD must break SMA1024 on H4 timeframe
where are we? we are here. where are we going? ...
  • #5,964
  • Apr 4, 2014 8:55am Apr 4, 2014 8:55am
Quoting Nitsan_Levi
{quote} Ok alot of you post today so myabe someone didnt see this ^....this is my plan for today for the gold... The 1h sma300 shold be strong Trade small size .... * I strong suggest or to stay out or take short like my plan...but dont take long when we have AB=CD and sma300....even if it go up...its not pro to do this.. * s&p500 short was my trade of the day ...BIG PROFIT !! ab=cd +fibo 127.2 daily....plus 8h " b r b r b b " patterm And look this short from daily sma32 in the nas100....PERFECT ... POWER+ SMA32 ... but I enter small size...
Hi Nitsan,

What should the stop loss and Take profit of S&P 500 be?

Thanks
  • #5,965
  • Apr 4, 2014 8:56am Apr 4, 2014 8:56am
Quoting eruc
next, i think, GOLD must break SMA1024 on H4 timeframe
Dont made up sma....big money traders dont look an "sma 1024"... you must trade only pro tools... gl hf
  • #5,966
  • Apr 4, 2014 8:57am Apr 4, 2014 8:57am
Quoting egkid
{quote} NZD/U AND Gold Are mine next week better than E/U This days Check Nzd/u start from high TF u will see clear picture and much +++
Most of my trades / work are for research purposes. Currently focused on Gold only. I might apply my research on other pairs in future.

I always wanted to be only an investor, but, markets had other plans for me.
Hello World!
  • #5,967
  • Apr 4, 2014 8:57am Apr 4, 2014 8:57am
Quoting Polaris4dy
{quote} Hi Nitsan, What should the stop loss and Take profit of S&P 500 be? Thanks
I out all out....take 1 was out in sma300...and take 2 out in nas100 new low.... I leave only 5% for the market
  • #5,968
  • Apr 4, 2014 8:59am Apr 4, 2014 8:59am
Quoting Nitsan_Levi
{quote} I out all out....take 1 was out in sma300...and take 2 out in nas100 new low.... I leave only 5% for the market
Nitsan, I wish I had that strength to say f*** it, it's not working the way I hoped, so I will try again tomorrow...

Good man!
  • #5,969
  • Apr 4, 2014 9:00am Apr 4, 2014 9:00am
Quoting Nitsan_Levi
{quote} I out all out....take 1 was out in sma300...and take 2 out in nas100 new low.... I leave only 5% for the market
NICE THANKS!!
  • #5,970
  • Apr 4, 2014 9:01am Apr 4, 2014 9:01am
Quoting waleed.khan
{quote} hey CT, what is your take profit level?
I would hedge 50 - 80% of my longs when I see bears around. Too early to talk about bears.
Hello World!
  • #5,971
  • Apr 4, 2014 9:03am Apr 4, 2014 9:03am
Quoting waleed.khan
{quote} Thanks for the analysis Landline...are you using fib retracements as your target for 1360-1375? Do you take the fundamentals perspective too or are you strictly technical?
Hi WaleedMy style of trading doesn't rely on any special precision-based software, fibs, bats etc etc, or any complicated set of rules that requires a PhD to comprehend.Horizontal support and resistance lines and knowing the TREND are really all anyone needs imo and forms the basis of my assessments.Price history (s & r), trend and price will tell us exactly what we need to know to make an informed decision on which way price is likely to go, its just a question of trusting yourself instead of a ton of indicators which are only telling you what you already know anyway.
  • #5,972
  • Apr 4, 2014 9:04am Apr 4, 2014 9:04am
Quoting Nitsan_Levi
{quote} I out all out....take 1 was out in sma300...and take 2 out in nas100 new low.... I leave only 5% for the market
hi nitsan seeing a good level to short oil, tried ur strategy and its coming at 101.33 with the target at 98.19 what u think thanks, cant post pic cos just learning to draw the lines lol thanks
  • #5,973
  • Apr 4, 2014 9:05am Apr 4, 2014 9:05am
Quoting Landline
{quote} Hi WaleedMy style of trading doesn't rely on any special precision-based software, fibs, bats etc etc, or any complicated set of rules that requires a PhD to comprehend.Horizontal support and resistance lines and knowing the TREND are really all anyone needs imo and forms the basis of my assessments.Price history (s & r), trend and price will tell us exactly what we need to know to make an informed decision on which way price is likely to go, its just a question of trusting yourself instead of a ton of indicators which are only telling you...
Your ideas are interesting mate. Keep it up
Hello World!
  • #5,974
  • Apr 4, 2014 9:05am Apr 4, 2014 9:05am
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}
look nice..
and im late to read this post
  • #5,975
  • Apr 4, 2014 9:07am Apr 4, 2014 9:07am
Quoting amansuri1
{quote} hi nitsan seeing a good level to short oil, tried ur strategy and its coming at 101.33 with the target at 98.19 what u think thanks, cant post pic cos just learning to draw the lines lol thanks
You can try short c_oil in 101.50...there you have fibo 78.6 daily plus pivot point....
  • #5,976
  • Apr 4, 2014 9:11am Apr 4, 2014 9:11am
s&p500 still look nice for short...see the pice I add here yestrday..and you can enter now and work with the plan I add there
  • #5,977
  • Apr 4, 2014 9:14am Apr 4, 2014 9:14am
Quoting Landline
{quote} Hi WaleedMy style of trading doesn't rely on any special precision-based software, fibs, bats etc etc, or any complicated set of rules that requires a PhD to comprehend.Horizontal support and resistance lines and knowing the TREND are really all anyone needs imo and forms the basis of my assessments.Price history (s & r), trend and price will tell us exactly what we need to know to make an informed decision on which way price is likely to go, its just a question of trusting yourself instead of a ton of indicators which are only telling you...
I agree.. i like to keep my trading simple too (s/r candlesticks etc)... Price action is king! but i use fibs for confluence...plus also fundamentals...and here I am getting doubleminded about gold... technically i can see the bulls taking over perhaps even to the levels that you said, but there is no real fundamental reason for it to go up...which makes me cautious and skeptical... (at the end of this could be a contrarian play...for all the bears)
  • #5,978
  • Apr 4, 2014 9:14am Apr 4, 2014 9:14am
Quoting Nitsan_Levi
s&p500 still look nice for short...see the pice I add here yestrday..and you can enter now and work with the plan I add there
Yes, I am in that one too...with small size
  • #5,979
  • Apr 4, 2014 9:25am Apr 4, 2014 9:25am
new target 2700$...
  • #5,980
  • Apr 4, 2014 9:35am Apr 4, 2014 9:35am
Quoting waleed.khan
{quote} I agree.. i like to keep my trading simple too (s/r candlesticks etc)... Price action is king! but i use fibs for confluence...plus also fundamentals...and here I am getting doubleminded about gold... technically i can see the bulls taking over perhaps even to the levels that you said, but there is no real fundamental reason for it to go up...which makes me cautious and skeptical... (at the end of this could be a contrarian play...for all the bears)
Simple is best, and two facts exist which support that simplicity at present to consider your forward planning.

1. We have a support layer

2. We have an underlying uptrend

My personal plan will be to continue adding buy orders against suitable buy signals (I personally like using lower t/f to help determine that , once again using s & r levels )

Either way I, I am committed to the long side in this market until such time that my criteria is invalid.

Thats how I do it, but clearly we all have different approaches and different levels of patience and different levels of risk that we are comfortable with.

There is no "one way" to trade as we know, and we have to find the way that suits our personality thats all.
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