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  • #7,561
  • Apr 24, 2014 10:07am Apr 24, 2014 10:07am
Quoting kindonanjaya
{quote} i think this market reaction is for US jobless claim data which is not good so FED will think twice about cutting QE at the end of the month.
Not likely. The Fed is MORE likely to continue with current policy of ending QE. In fact, interest rates may well go up in 2015 as Yellen first hinted at. Gold is up due to geo-politics, and some mixed signals by Draghi at the ECB.

I did closed shorts early this morning (DST East Coast USA) and waited for the pop up before reloading shorts. Just closed all trades in profit and am on sidelines to see if what happens with Ukraine. One month to elections means anything can happen and market may just range, but I see gold retreating to 1200 before end of year...and maybe lower.
"The market can remain irrational longer than you can remain solvent"
  • #7,562
  • Apr 24, 2014 10:26am Apr 24, 2014 10:26am
Quoting elbert3
{quote} hi are you ok did you get any action
yeah mate!! price hitted many of my buy limits....nice profit today. Done for the day
How's it going for you mate?
  • #7,563
  • Apr 24, 2014 10:31am Apr 24, 2014 10:31am
look like gold bussiness now is called "scalping",
that violent uptrend without any fundamental news is gonna end in a violent selloff to $1266 soon.
  • #7,564
  • Apr 24, 2014 10:32am Apr 24, 2014 10:32am
I admire all of You who made some money on this moves. Amazing , but it is good for all timers..not for me, just new.
  • #7,565
  • Apr 24, 2014 10:33am Apr 24, 2014 10:33am
Quoting acidguy
look like gold bussiness now is called "scalping", that violent uptrend without any fundamental news is gonna end in a violent selloff to $1266 soon.
That MOVE UP????
Without any " moment to breath ".
  • #7,566
  • Apr 24, 2014 10:46am Apr 24, 2014 10:46am
Here is a summary of today's trades, this is how I plan to share my stuff with you fellas in future. I tried to kickstart the day with longs, mitigated risk when it began to look dirty, thereafter tried shorts and made some. Even though today was profitable, but, overall its not been good lately. On a broad level I've only been able to try and test the pulse of the waves.

GL to you all!
Attached Image
Hello World!
  • #7,567
  • Apr 24, 2014 10:49am Apr 24, 2014 10:49am
Quoting comoestas
my crossover system more 3k profit in less thant 1 hour {image}
lolll 3 emas.
  • #7,568
  • Apr 24, 2014 10:52am Apr 24, 2014 10:52am
Quoting capetown
I admire all of You who made some money on this moves. Amazing , but it is good for all timers..not for me, just new.
I could never ever have bought at those levels and then sell at 1299...That is against the trend trading; which people are more likely to lose than win. One might get lucky a few times but in the long run trying to catch tops and bottoms is a losing battle....

That being said I did open a short position on 1293 with sl 1301 and targetting 1284 and 1263...!

Personally i think oil is a better barometer for the ukraine issues; and right now it looks like it might retrace lower..as there might be a pinbar on the hourly close! Plus equity indexes have also rebounded and are also in the green!
  • #7,569
  • Apr 24, 2014 11:03am Apr 24, 2014 11:03am
Quoting Polaris4dy
{quote} yeah mate!! price hitted many of my buy limits....nice profit today. Done for the day How's it going for you mate?
you should read the posts above then you will see total just shy of 400 points today i just sold 2 shorts and went long but i got out of the big up to early i never guessed it would go that high
  • #7,570
  • Apr 24, 2014 11:03am Apr 24, 2014 11:03am
Quoting waleed.khan
{quote} I could never ever have bought at those levels and then sell at 1299...That is against the trend trading; which people are more likely to lose than win. One might get lucky a few times but in the long run trying to catch tops and bottoms is a losing battle.... That being said I did open a short position on 1293 with sl 1301 and targetting 1284 and 1263...! Personally i think oil is a better barometer for the ukraine issues; and right now it looks like it might retrace lower..as there might be a pinbar on the hourly close! Plus equity indexes...
Trends don't continue forever, they end at some point. Recall that gold bottomed at 1187 and it went on to rally $200, anyone who was short gold at 1200 would have been slaughtered.

We got a "failure to traverse" today, while that in itself is not a confirmation for reversal, its definitely a probably sign.
"Where you want to be is always in control, never wishing, always trading.
  • #7,571
  • Apr 24, 2014 11:10am Apr 24, 2014 11:10am
Quoting Spec_And
{quote} Trends don't continue forever, they end at some point. Recall that gold bottomed at 1187 and it went on to rally $200, anyone who was short gold at 1200 would have been slaughtered. We got a "failure to traverse" today, while that in itself is not a confirmation for reversal, its definitely a probably sign.
True! I read somewhere or was it Jesse Livermore (i don't remember?) but its said that traders tend to lose most [and if not more] of what they have earned during the trend, towards the end of a trend!

It is clearly a wait and see situation right now!
  • #7,572
  • Apr 24, 2014 11:30am Apr 24, 2014 11:30am
Quoting Dingodavo
{quote} Elbert, hope u don't mind me asking. What is the white line? 3 ema? From what I can gather the signal is triggered when white crosses red? Would really like to know as it seems to really work for u! Congrats btw!
yes well done i have been talking about this with polaris , check my posts out, it is too long now, but basically it works all time charts,, the lower the more it can change,,the higher 1, 4 hour the better but you have to learn how it works even i get it wrong.. i use 10, white,, white on top, trend up,red 20ema, normally in the trend you like to see it in the middle, yellow is 50. yellow on top trend down ,,100 is blue 200 is green ,, if you see my post before if the price gets away you can trade 20 red meet the 20 ema , sorry if this has took up time ,, but you cannot just enter trades any time youtube any thing ie trading 20 ema is good ,,regards
  • #7,573
  • Apr 24, 2014 11:45am Apr 24, 2014 11:45am
Quoting Dingodavo
{quote} Elbert, hope u don't mind me asking. What is the white line? 3 ema? From what I can gather the signal is triggered when white crosses red? Would really like to know as it seems to really work for u! Congrats btw!
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just sold my short only a few pips,, the aggressive is long now off the 20ema the safer is to wait to see if the 100 blue can hold the rise , then it would of broke the tl and the white should cross the red,, but it is not that simple,, or i would be richer ,, regards
  • #7,574
  • Apr 24, 2014 11:51am Apr 24, 2014 11:51am
Quoting acidguy
look like gold bussiness now is called "scalping", that violent uptrend without any fundamental news is gonna end in a violent selloff to $1266 soon.
i think said right its more like scalping bull shit man to trade gold not a big news but gold banged me badly today had a sell from 0.5 lot from 1283 stop hit at 1296 gold moved $24 dollars in just 15 mins
MRMALIK1
  • #7,575
  • Apr 24, 2014 12:37pm Apr 24, 2014 12:37pm
last position stopped out!
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  • #7,576
  • Apr 24, 2014 1:11pm Apr 24, 2014 1:11pm
hi
somebody have an idee for gold during the asian session
sorry for my english
  • #7,577
  • Apr 24, 2014 3:00pm Apr 24, 2014 3:00pm
let see how it goes, short order at 1293 tp 1275, sl 1301 .
  • #7,578
  • Edited 6:06pm Apr 24, 2014 3:05pm | Edited 6:06pm
Quoting sasastephe
hi somebody have an idee for gold during the asian session sorry for my english
lately asian boys the opposite of usa guys, according to statistics, gold should be sold.
of course dont take this behavior as a must for trade.

this is my current signal to keep shorting gold,

Core Durable Goods Orders m/m of 2.0 % + ASIA Starting Credit Crisis - RUSSIA (weak Wannabe superpower with just 4.3billion in gold)

Attached Image (click to enlarge)
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  • #7,579
  • Apr 24, 2014 4:35pm Apr 24, 2014 4:35pm
Quoting elbert3
{quote} {image} just sold my short only a few pips,, the aggressive is long now off the 20ema the safer is to wait to see if the 100 blue can hold the rise , then it would of broke the tl and the white should cross the red,, but it is not that simple,, or i would be richer ,, regards
Elbert, your inputs are amazing..
What is Your set up for template..I mean all EMAs and how do You look at Your positions decisions??
I honestly do not like when someone show their DEMO..but many of Your inputs are pretty OK.
  • #7,580
  • Apr 25, 2014 12:25am Apr 25, 2014 12:25am
Quoting ClockTrader
Here is a summary of today's trades, this is how I plan to share my stuff with you fellas in future. I tried to kickstart the day with longs, mitigated risk when it began to look dirty, thereafter tried shorts and made some. Even though today was profitable, but, overall its not been good lately. On a broad level I've only been able to try and test the pulse of the waves. GL to you all! {image}
With FXRAT here yo help you out stinker days like that Should become a thing of the past
rat
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