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  • #7,301
  • Apr 19, 2014 4:27am Apr 19, 2014 4:27am
Quoting ClockTrader
Fellas, take a look at this, did the price shoot? to 1300? This is visible on FXCM charts, not on others though, PA appears to be active somewhere behind the curtains during these holidays. {image}
Hello
I'm not specialist in Gold but I cant c upper trend in my chart
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  • #7,302
  • Apr 19, 2014 5:15am Apr 19, 2014 5:15am
Quoting Iraniatrader
{quote} Hello I'm not specialist in Gold but I cant c upper trend in my chart {image}
Ha ha. It means down to a couple of next weeks. As CT seasonal trading. Buy in June. The down Trend will continue till June IMO. Lower to 121x
  • #7,303
  • Apr 19, 2014 5:19am Apr 19, 2014 5:19am
Quoting namaus
{quote} Ha ha. It means down to a couple of next weeks. As CT seasonal trading. Buy in June. The down Trend will continue till June IMO. Lower to 121x
ahan , you mean it is better to have short order till june and in june start Long...?
  • #7,304
  • Apr 19, 2014 5:26am Apr 19, 2014 5:26am
Quoting ClockTrader
I am STILL BADLY searching for a broker who uses NY time in MT4 (EST). Please help!!
Try to use i-session indicator for clearly separate different rading session. work best at 15 minutes or lower but in higher timeframe looks ugly.
  • #7,305
  • Apr 19, 2014 5:36am Apr 19, 2014 5:36am
Quoting Iraniatrader
{quote} ahan , you mean it is better to have short order till june and in june start Long...?
I am really not sure. However, as i read in many sources, they give us that view. IMO, lower than 1300 could lead to 127x first and then 125x- 126x (61.8 fibo). Hope to see the reversal (up) in june. Till that day, the down trend is clearly.
  • #7,306
  • Apr 19, 2014 6:31am Apr 19, 2014 6:31am
Quoting nicefirework
{quote} Try to use i-session indicator for clearly separate different rading session. work best at 15 minutes or lower but in higher timeframe looks ugly.
I think OANDA might resolve my situation. It seems their MT4 uses EST.
Hello World!
  • #7,307
  • Apr 19, 2014 7:20am Apr 19, 2014 7:20am
Quoting ClockTrader
{quote} One quick question, the market closed at 17:10 NY (EST) time on Apr-17, am I right? If so, I am good.
This weekend is a bit unusual because of the holiday. Forex traded (barely) yesterday but since gold futures weren't open gold derivatives didn't trade. Forex charts usually end right @ 17:00 (5 PM EST) on Friday but my 1M chart shows the last tick on gold was @ 17:13 on Thursday though the last few candles seem sketchy as most show just a flat line. I checked the previous week & gold closed right @ 17:00 just like the rest of forex.
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  • #7,308
  • Apr 19, 2014 7:48am Apr 19, 2014 7:48am
Quoting srt
{quote} This weekend is a bit unusual because of the holiday. Forex traded (barely) yesterday but since gold futures weren't open gold derivatives didn't trade. Forex charts usually end right @ 17:00 (5 PM EST) on Friday but my 1M chart shows the last tick on gold was @ 17:13 on Thursday though the last few candles seem sketchy as most show just a flat line. I checked the previous week & gold closed right @ 17:00 just like the rest of forex. {image}
Thanks for the inputs mate. I really appreciate. On a broad level, I think you are right about OANDA's timezone. It does appear to be EST from every angle. I think I mis-calculated a lot while comparing timings on MT4s with UTC / GMT due to DST on /off in London and NY now and earlier. Its only Reykjavik, Iceland that uses GMT / UTC round the year. I was under impression since childhood that London uses GMT.

Guess what? I think I might be able to take advantage of news volatility that occurs in NY session. I have compelling reason to research this new layer, but, need 4 - 6 weeks to research and test all this. If this works out right, providing Free signals (at least one every week) would become a lot easier for me.

Thanks again!

PS: I am looking at providing 7/10 win rate on the Free Signals.
Hello World!
  • #7,309
  • Apr 19, 2014 6:49pm Apr 19, 2014 6:49pm
COT show slighly bulllish change from previous week. I think gold will go up this week.
  • #7,310
  • Apr 19, 2014 9:37pm Apr 19, 2014 9:37pm
Quoting nicefirework
COT show slighly bulllish change from previous week. I think gold will go up this week.
IMO, it could be up to 1300-1307 and then
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  • #7,311
  • Apr 19, 2014 9:40pm Apr 19, 2014 9:40pm
Quoting ClockTrader
Fellas, take a look at this, did the price shoot? to 1300? This is visible on FXCM charts, not on others though, PA appears to be active somewhere behind the curtains during these holidays. {image}

Although brokers might shut down their servers for maintenance over the weekend. You can still check the Price Action on www.xe.com and see that currency charts including xau/usd are still moving and active. However, since the liquidity is very low... you won't see much Price Action.
Luck has no place in trading. Leave that for the poker table.
  • #7,312
  • Apr 19, 2014 9:46pm Apr 19, 2014 9:46pm
Quoting namaus
{quote} IMO, it could be up to 1300-1307 and then {image} {image}
Another scenario.
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  • #7,313
  • Apr 19, 2014 11:41pm Apr 19, 2014 11:41pm
Quoting Iraniatrader
{quote} Hello I'm not specialist in Gold but I cant c upper trend in my chart {image}
Hi CT,

Looking at your statement , i just went online to check on this. Even i found this chart which i do not have any clue whats it about. Maybe you can shed some light on this and cover the anxiety.
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  • #7,314
  • Apr 20, 2014 12:02am Apr 20, 2014 12:02am
Quoting raianil007
{quote} Hi CT, Looking at your statement , i just went online to check on this. Even i found this chart which i do not have any clue whats it about. Maybe you can shed some light on this and cover the anxiety. {image}
I supposed we wait for re-opening.

Quoting Pair-me-up
{quote} Although brokers might shut down their servers for maintenance over the weekend. You can still check the Price Action on www.xe.com and see that currency charts including xau/usd are still moving and active. However, since the liquidity is very low... you won't see much Price Action.
FXCM is one of the biggest scammers out there, slippage scams, fake spikes (to hit SLs) on their charts which are in no way close to other brokers. They continue to get fined over and over again and yet they don't stop.

I can't blindly follow their charts, let alone volatile pricing during holidays even though its in favor of my positions. I just wanted to share after I got almost shocked by the weird pricing. Thanks for xe inputs. It would be wise to wait for pricing until re-opening.
Hello World!
  • #7,315
  • Apr 20, 2014 12:31am Apr 20, 2014 12:31am
Quoting ClockTrader
{quote} I supposed we wait for re-opening. {quote} FXCM is one of the biggest scammers out there, slippage scams, fake spikes (to hit SLs) on their charts which are in no way close to other brokers. They continue to get fined over and over again and yet they don't stop. I can't blindly follow their charts, let alone volatile pricing during holidays even though its in favor of my positions. I just wanted to share after I got almost shocked by the weird pricing. Thanks for xe inputs. It would be wise to wait for pricing until re-opening.

Yep, i agree to that. Lets see, if there is a up rise on Monday morning i think this information(the image/info from the website) will be useful and predictive. Thanks.
  • #7,316
  • Apr 20, 2014 3:29am Apr 20, 2014 3:29am
Quoting ClockTrader
{quote} I supposed we wait for re-opening. {quote} FXCM is one of the biggest scammers out there, slippage scams, fake spikes (to hit SLs) on their charts which are in no way close to other brokers. They continue to get fined over and over again and yet they don't stop. I can't blindly follow their charts, let alone volatile pricing during holidays even though its in favor of my positions. I just wanted to share after I got almost shocked by the weird pricing. Thanks for xe inputs. It would be wise to wait for pricing until re-opening.

Which Broker is a reliable and honest broker from your experience or experience of some of your peers?
Luck has no place in trading. Leave that for the poker table.
  • #7,317
  • Apr 20, 2014 3:29am Apr 20, 2014 3:29am
London isnt open monday keep in mind.
rat
  • #7,318
  • Apr 20, 2014 3:33am Apr 20, 2014 3:33am
Quoting Polaris4dy
{quote} interesting opinion...i tried back calculating it, to double an account every month it takes 3.5% profit every day...which translated to a net 35 pips for a 1:10 leverage....not too impossible if one has good risk management and reliable strategy....but of course, that only applies for small account... big account will have emotional and technical difficulties in achieving that am I right?
Great observation. If you gained even 1% per day that would still make a trader very profitable in a few years. Just imagine 5 years out and still getting 1 percent or half a percent per day while having over a million dollar account or some nice big account. Not only would it be enough to pay the basic bills, but you could sleep peacefully at night.

Luck has no place in trading. Leave that for the poker table.
  • #7,319
  • Apr 20, 2014 3:39am Apr 20, 2014 3:39am
Quoting raianil007
{quote} Hi CT, Looking at your statement , i just went online to check on this. Even i found this chart which i do not have any clue whats it about. Maybe you can shed some light on this and cover the anxiety. {image}
Sorry but i never saw chart go up using red line.
row row row your boat
  • #7,320
  • Apr 20, 2014 5:37am Apr 20, 2014 5:37am
Quoting ngiler
{quote} Sorry but i never saw chart go up using red line.
Its ok, but this was a move up & a sudden down. so its red. well even am not sure about this chart. so just a guess to be honest.
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