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Only Gold!

  • #6,741
  • Edited 1:30pm Apr 10, 2014 1:13pm | Edited 1:30pm
Quoting MrBurns
{quote} I completely agree with the bold but strategies take time to hone. Things work and things dont.
sure thing...time teaches...time molds! one learns by *EDIT (keeping an open mind) and by making mistakes!
  • #6,742
  • Apr 10, 2014 1:16pm Apr 10, 2014 1:16pm
Quoting uncletrumpet
{quote} GOLD IS BULLISH Look at Dollar index it is really oversold to 79.40 ...Look at gbpusd it is overbought to 1.6800 region weekly double top Look at eurusd it is is overbought too Nzdusd is struggling with 0.8700 level a reversal is around the corner
its a fundamental paradigm shift! Untill yellen indicates otherwise!
  • #6,743
  • Apr 10, 2014 3:03pm Apr 10, 2014 3:03pm
https://www.tradingview.com/x/Ur8He1oe/
history repeats itself?
  • #6,744
  • Apr 10, 2014 3:16pm Apr 10, 2014 3:16pm
Quoting Super_Mario
{quote} All I tried to say in my previous post was "today everything was decided few hours before those news". And also few days ago I tried to pass the idea that sometimes puppeteers cannot physically hide their preparations for the show. These 2 are enough for bread and butter
I know exactly what you mean in this sentence my friend.

And you are correct by puppeteers unable to hide preparations, the charts are set up for rallys and breakdowns across the board.
  • #6,745
  • Apr 10, 2014 4:56pm Apr 10, 2014 4:56pm
Quoting uncletrumpet
{quote} CLOSED MY LONG THAT I ENTERED AT 1209 MARKET MUST MOVE DOWN FROM THIS HEIGHT OF 1321/24 BY AT LEAST 50 PIPS...I HAVE MY BUY LIMIT AT 1313...WE NEED A CORRESPONDING PULL BACK TO AT LEAST THE 38.2 level (1312) which was yesterdays road block. SORRY FOR NOT POSTING CHART I AM ON IPAD

Quoting waleed.khan
{image} history repeats itself?


As I said in the morning that 38.2 level is very strong...my 1313 level is still waiting to be triggered.

LET US REMEMBER FRIDAY IS TOMMORROW AND WE NEED TO CLOSE OUR OPEN POSTIONS
  • #6,746
  • Apr 10, 2014 5:06pm Apr 10, 2014 5:06pm
Quoting uncletrumpet
{quote} {quote} As I said in the morning that 38.2 level is very strong...my 1313 level is still waiting to be triggered. LET US REMEMBER FRIDAY IS TOMMORROW AND WE NEED TO CLOSE OUR OPEN POSTIONS
It's a great feeling when there seems to be a confluence in opinion....
Indeed friday is tommorrow...and anything can happen over the weekend.

Best of Luck for targeting 1313..I hope it will go down; Price must take out the 8ema on the 4hr chart ( i am just afraid of a bounce of that...otherwise we should be good!)
  • #6,747
  • Apr 10, 2014 5:43pm Apr 10, 2014 5:43pm
Just added long at 1318.9
1316.23 Support still holding
Price movement above upper trendline - possible move into channel extension
Price wedging towards channel support - bullish move

Buy: Now 1317.9
SL: 1316
TP: 1330

What you guys think?

Attached Image (click to enlarge)
Click to Enlarge Name: goldmicroh1.png Size: 30 KB
  • #6,748
  • Apr 10, 2014 5:47pm Apr 10, 2014 5:47pm
Quoting samalmoore
Just added long at 1318.9 1316.23 Support still holding Price movement above upper trendline - possible move into channel extension Price wedging towards channel support - bullish move Buy: Now 1317.9 SL: 1316 TP: 1330 What you guys think? {image}
agreeeeeeeee
  • #6,749
  • Apr 10, 2014 5:51pm Apr 10, 2014 5:51pm
Quoting samalmoore
Just added long at 1318.9 1316.23 Support still holding Price movement above upper trendline - possible move into channel extension Price wedging towards channel support - bullish move Buy: Now 1317.9 SL: 1316 TP: 1330 What you guys think? {image}
its possible...

But today might be a consolidation and retracement day...? I would have waited a couple of hours to see which way the markets headed! especially the break of the 8 ema on the 4hr chart. I still think market needs to correct to atleast between 38 and 50% fib level....

Good luck though!
  • #6,750
  • Apr 10, 2014 5:59pm Apr 10, 2014 5:59pm
Quoting waleed.khan
{quote} its possible... But today might be a consolidation and retracement day...? I would have waited a couple of hours to see which way the markets headed! especially the break of the 8 ema on the 4hr chart. I still think market needs to correct to atleast between 38 and 50% fib level.... Good luck though!
I've opened a short a 1319 before yesterdays close; with profit target of 1312.5 and stop loss of 1326. (1:1)
  • #6,751
  • Apr 10, 2014 6:11pm Apr 10, 2014 6:11pm
Quoting waleed.khan
{quote} I've opened a short a 1319 before yesterdays close; with profit target of 1312.5 and stop loss of 1326. (1:1)
doesnt appear to be any harmonic patterns on lower time frames yet
  • #6,752
  • Apr 10, 2014 6:12pm Apr 10, 2014 6:12pm
Quoting waleed.khan
{quote} I've opened a short a 1319 before yesterdays close; with profit target of 1312.5 and stop loss of 1326. (1:1)

Same here.Short from 1320 1319.TP 1317 under if can breakdown max to 1314.Best Regards
  • #6,753
  • Apr 10, 2014 6:21pm Apr 10, 2014 6:21pm
Quoting eklein
{quote} doesnt appear to be any harmonic patterns on lower time frames yet
The charts look the same...???
  • #6,754
  • Apr 10, 2014 6:25pm Apr 10, 2014 6:25pm
Quoting Eleven711
{quote} Same here.Short from 1320 1319.TP 1317 under if can breakdown max to 1314.Best Regards
To you too Good luck!
  • #6,755
  • Apr 10, 2014 6:37pm Apr 10, 2014 6:37pm
Quoting waleed.khan
{quote} To you too Good luck!

I'm done with short. let's rest for a while.Enough for today.Best Regards to all
  • #6,756
  • Apr 10, 2014 8:05pm Apr 10, 2014 8:05pm
We love you mate and would love to see you succeed.

Quoting samalmoore
{quote} Hey CT, Leverage...? Go big or go home!!!! Nah but seriously, if you look at the name of my trade explorer, "High Leverage, Low Deposit" - it kinda says it all! It is a technique I am working on, I have faith that I can make it work for me. Although I have been losing money for more than two years, the speed at which I lose money has dropped significantly and I would like to believe that in the not-too-distant future, I will be able to make consistent profits from this beast. I might try playing it light sometime, but I just don't...
Hello World!
  • #6,757
  • Apr 10, 2014 8:56pm Apr 10, 2014 8:56pm
ye ye ye bullllllssssss common baby
  • #6,758
  • Apr 11, 2014 12:11am Apr 11, 2014 12:11am
Quoting ClockTrader
We love you mate and would love to see you succeed. {quote}
I've been trading for 5 years now, and believe me. Play big, loose big. Because even when you're wright most of the time, once you're wrong and then you're wrong big. You start loosing money and you don't wonna get out because of the losses and you loose even more. When you play it light, you can wait for the reversal and correct your losses easely. the times that I lost money, was by playing big, making money by playing small. I have lost almost 3 years in figgering that out. Get ritch very very slowly and causious.

greets !
  • #6,759
  • Apr 11, 2014 12:50am Apr 11, 2014 12:50am
Quoting chuppaan
{quote} I've been trading for 5 years now, and believe me. Play big, loose big. Because even when you're wright most of the time, once you're wrong and then you're wrong big. You start loosing money and you don't wonna get out because of the losses and you loose even more. When you play it light, you can wait for the reversal and correct your losses easely. the times that I lost money, was by playing big, making money by playing small. I have lost almost 3 years in figgering that out. Get ritch very very slowly and causious. greets !
In order to play big and lose big, you need to have a win rate of 6/10 at least. ONLY then you should switch to win/lose BIG. I doubled my account two days back and did I risk BIG? HELL NO. I only staked my floating profit. Now doing a lot of great things with patrons. Thank you all for your support.

Until you have a win rate of 6/10 at least, I would suggest respect and love MM like your Mumma

Many times I get close to 9/10 win rate, YET, I play safe and light.
Hello World!
  • #6,760
  • Apr 11, 2014 12:59am Apr 11, 2014 12:59am
Quoting samalmoore
Just added long at 1318.9 1316.23 Support still holding Price movement above upper trendline - possible move into channel extension Price wedging towards channel support - bullish move Buy: Now 1317.9 SL: 1316 TP: 1330 What you guys think? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 97 KB
Morning london boy lol yes with you you were involved gbus yesterday , so you saw my posting 2 longs in gold to break the uper tl to 1335 gl, catch you later, ,, ps lot of gaps in some pairs through the night, gbnz was on that ,??/ anything happen,, just up and will score the news speak later regards E
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