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  • #6,561
  • Apr 9, 2014 11:20pm Apr 9, 2014 11:20pm
Thanks for u reply

I trade on 15min TF is it a good idea to set my Long order around 1317.10 ?

Or just wait to c what happen the....
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  • #6,562
  • Apr 9, 2014 11:22pm Apr 9, 2014 11:22pm
Quoting waleed.khan
{quote} I am hoping too... 1314-15 seems like holding...so target should be 1320-25 perhaps even a lot more... best of luck!
PA seems okay, seem to be a few bears around, but very timid bears, hardly any rejection from 1316, let's just see if a few more bulls join in when we get there again...
  • #6,563
  • Apr 9, 2014 11:33pm Apr 9, 2014 11:33pm
Quoting Iraniatrader
Thanks for u reply I trade on 15min TF is it a good idea to set my Long order around 1317.10 ? Or just wait to c what happen the.... {file}
Brother that depends on your strategy...do you play breakout; if so then you should have strict stops as we are already closs to a resistance area... so it is up to you.

Gold can retrace before too maybe to trendline or then to ema.... which can also be a buying opportunity. its completely based on your strategy!

what ma's do you use on your chart?
  • #6,564
  • Apr 9, 2014 11:34pm Apr 9, 2014 11:34pm
Quoting Iraniatrader
Thanks for u reply I trade on 15min TF is it a good idea to set my Long order around 1317.10 ? Or just wait to c what happen the.... {file}
That could be very dangerous as the price seems likely to test that level again, and if it reaches there and gets rejected (very possible) you will be in for a bumpy ride. Some kind of retracement is fairly likely here which could go down to who knows where! What I would do (what I have done) is bought here in the hopes that we will see some strong movement north soon - which is a bit of a gamble, but I have another trade placed earlier to cushion any loss. The only advantage of doing this more risky trade just below resistance, is that if it does go up, and resistance becomes support, I can st a SL near break even and just let it run (instead of sitting up all night watching for slight movements!!! - it's now 5.30am ).
  • #6,565
  • Apr 9, 2014 11:35pm Apr 9, 2014 11:35pm
Quoting samalmoore
{quote} PA seems okay, seem to be a few bears around, but very timid bears, hardly any rejection from 1316, let's just see if a few more bulls join in when we get there again...

Yeah... I think the 8 ema on the 1hr chart will reach pa buy europe open...perhaps around then we might see a move.
  • #6,566
  • Apr 9, 2014 11:42pm Apr 9, 2014 11:42pm
Quoting samalmoore
{quote} The only advantage of doing this more risky trade just below resistance, is that if it does go up, and resistance becomes support, I can st a SL near break even and just let it run (instead of sitting up all night watching for slight movements!!! - it's now 5.30am ).
yeah I couldn't agree more... I did my buys on 1303 and 1311;and it is the latter one which i am afraid off as i am afraid that we could test those levels (as per trendline). Hence I can't sleep as the first sign of resistance I want to take some profit and then get back in again!
  • #6,567
  • Apr 9, 2014 11:47pm Apr 9, 2014 11:47pm
Quoting waleed.khan
{quote} yeah I couldn't agree more... I did my buys on 1303 and 1311;and it is the latter one which i am afraid off as i am afraid that we could test those levels (as per trendline). Hence I can't sleep as the first sign of resistance I want to take some profit and then get back in again!
Potential for a nice push up in the next few minutes...

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  • #6,568
  • Apr 9, 2014 11:53pm Apr 9, 2014 11:53pm
Quoting samalmoore
Good looking Sell on GBPJPY if you interested (Double Top).... {image}
yep, i'm still holding my short from yesterday, the strong push up didn't hit my SL, now it's going down, hopefully it reaches my TP
  • #6,569
  • Apr 9, 2014 11:55pm Apr 9, 2014 11:55pm
Quoting richtrader
{quote} yep, i'm still holding my short from yesterday, the strong push up didn't hit my SL, now it's going down, hopefully it reaches my TP
Nice, what's your TP?
  • #6,570
  • Apr 9, 2014 11:58pm Apr 9, 2014 11:58pm
Quoting samalmoore
{quote} Potential for a nice push up in the next few minutes... {image}
one min seems to be trending so well...

Come on just jump to 1324 already!!!
  • #6,571
  • Apr 10, 2014 12:00am Apr 10, 2014 12:00am
Quoting samalmoore
{quote} Nice, what's your TP?
TP @169.5
  • #6,572
  • Apr 10, 2014 12:01am Apr 10, 2014 12:01am
Quoting samalmoore
{quote} Potential for a nice push up in the next few minutes... {image}
Meh.... maybe time for bed....
  • #6,573
  • Apr 10, 2014 12:02am Apr 10, 2014 12:02am
Quoting waleed.khan
{quote} one min seems to be trending so well... Come on just jump to 1324 already!!!
My concern is that the euro and usd index have stopped rallying?

But the more inside bars we have...the swifter/bigger the break might be!!
  • #6,574
  • Apr 10, 2014 12:04am Apr 10, 2014 12:04am
Quoting waleed.khan
{quote} one min seems to be trending so well... Come on just jump to 1324 already!!!
YEAH!!!!
  • #6,575
  • Apr 10, 2014 12:07am Apr 10, 2014 12:07am
Quoting richtrader
{quote} TP @169.5
Mine is a crazy 167
  • #6,576
  • Apr 10, 2014 12:09am Apr 10, 2014 12:09am
Quoting samalmoore
{quote} Mine is a crazy 167
  • #6,577
  • Apr 10, 2014 12:20am Apr 10, 2014 12:20am
Round about now, if I was a trader in Australia, I would be looking at what I expected gold to do through the London & New York sessions...

Please guys, buy gold - it's good!!!
  • #6,578
  • Apr 10, 2014 12:21am Apr 10, 2014 12:21am
Quoting samalmoore
{quote} YEAH!!!!
https://www.tradingview.com/x/yjL5ykta/
More hidden bullish divergence on the 15 min chart!
  • #6,579
  • Apr 10, 2014 12:26am Apr 10, 2014 12:26am
Quoting waleed.khan
{quote} {image} More hidden bullish divergence on the 15 min chart!
I like
  • #6,580
  • Apr 10, 2014 12:31am Apr 10, 2014 12:31am
Quoting samalmoore
{quote} I like
This better not resist on 1320...I want a straight 1324 jump!!! i'm sleepy!
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