Only Gold! | Page 390 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

An idea for building wealth...using only gold 9 replies

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #7,781
  • Apr 30, 2014 7:49am Apr 30, 2014 7:49am
I know many people here don't like me posting my results here (particularly without prior analysis), but, anyways, I thought I should just do it..

This is a contest account and its up about 9%, not in one move / day, but like 15 - 20 transactions spanning over a few days.

I hope this doesn't crash since I plan to keep SL @ 1277 due to the high voltage volatility.

PS: My other accounts look good too.

PPS: Just checked the price, it has already descended from today's highs.
Attached Image (click to enlarge)
Click to Enlarge Name: ss.PNG Size: 22 KB
Hello World!
  • #7,782
  • Apr 30, 2014 7:50am Apr 30, 2014 7:50am
Quoting elbert3
{quote} 1301 watch here i will be on the 5 min to get better indication
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 101 KB
Attached Image (click to enlarge)
Click to Enlarge Name: g2.png Size: 104 KB
just had a lk the 4 hour trend still show short only just , the move was off the news usd red numbers best trade for now is no trade,, i was just in time to pull the big amount off,, best when on the target line,, juggle time for a while
  • #7,783
  • Apr 30, 2014 7:51am Apr 30, 2014 7:51am
Quoting ClockTrader
I know many people here don't like me posting my results here (particularly without prior analysis), but, anyways, I thought I should just do it.. This is a contest account and its up about 9%, not in one move / day, but like 15 - 20 transactions spanning over a few days. I hope this doesn't crash since I plan to keep SL @ 1277 due to the high voltage volatility. PS: My other accounts look good too. PPS: Just checked the price, it has already descended from today's highs. {image}
Those are some excellent buys. I'm looking for it to go up again.
A 1 pip gain is better than a 1 pip loss.
  • #7,784
  • Apr 30, 2014 7:51am Apr 30, 2014 7:51am
Quoting waleed.khan
Try to stay out of any positions right now... If you want to go long; wait for a significant candle close above 1302... Or if you want to go short wait for 1277 significant candle close below... the markets will be choppy this weak until NFP! GL!
here here , as posted, juggle time ?? well done
  • #7,785
  • Apr 30, 2014 7:58am Apr 30, 2014 7:58am
Quoting aeternum
{quote} Those are some excellent buys. I'm looking for it to go up again.
Yesterday you said "I am looking forward to 1325 on daily", but remember what I said? Its gonna take days :-)

Today had to be a wild bummer. Its not easy to share analysis as a trader's mind acts too fast, too swift. When PA is too wild, its tooooo hard to predict what you'll do in the next moment, let alone next hr / day.

PS: I did lose / make some tit bits while testing key hrs, nevertheless, that happens everyday.
Hello World!
  • #7,786
  • Apr 30, 2014 8:03am Apr 30, 2014 8:03am
Good news/bad news...but less than a $20 swing. It's interesting that the GDP estimate was so high given all the talk about the impact of winter weather. The FOMC statement is key to direction today, while NFP on Friday can tell us if the trend will move towards 1200 or PA is going to range higher.

I opened several shorts at 1297 and 1295 with first target of 1250 and SL of 1323.
"The market can remain irrational longer than you can remain solvent"
  • #7,787
  • Apr 30, 2014 8:12am Apr 30, 2014 8:12am
Quoting ClockTrader
{quote} Yesterday you said "I am looking forward to 1325 on daily", but remember what I said? Its gonna take days :-) Today had to be a wild bummer. Its not easy to share analysis as a trader's mind acts too fast, too swift. When PA is too wild, its tooooo hard to predict what you'll do in the next moment, let alone next hr / day. PS: I did lose / make some tit bits while testing key hrs, nevertheless, that happens everyday.
Yes well, my strategy isn't loss-proof sadly. If it was, I wouldn't be here chit chatting
A 1 pip gain is better than a 1 pip loss.
  • #7,788
  • Apr 30, 2014 8:25am Apr 30, 2014 8:25am
what the hell is happending... dollar index drop to -0.32% + bad US bad data, but the price of gold keep droping...
  • #7,789
  • Apr 30, 2014 8:25am Apr 30, 2014 8:25am
Quoting elbert3
{quote} {image}{image} just had a lk the 4 hour trend still show short only just , the move was off the news usd red numbers best trade for now is no trade,, i was just in time to pull the big amount off,, best when on the target line,, juggle time for a while
back short now clocktrader your 1277 could be in danger my friend
  • #7,790
  • Apr 30, 2014 8:26am Apr 30, 2014 8:26am
Quoting aeternum
{quote} Yes well, my strategy isn't loss-proof sadly. If it was, I wouldn't be here chit chatting
Even I have bad days, everyone has. What appears green turns red in no time. Price has descended a lot, too wild!
Hello World!
  • #7,791
  • Apr 30, 2014 8:28am Apr 30, 2014 8:28am
Quoting elbert3
{quote} here here , as posted, juggle time ?? well done
Overall I am still bullish as long as the market closes above 1277 for the day....

USD index is going to be under a lot of pressure today...
  • #7,792
  • Apr 30, 2014 8:31am Apr 30, 2014 8:31am
Quoting ClockTrader
{quote} Even I have bad days, everyone has. What appears green turns red in no time. Price has descended a lot, too wild!
I initially had a sizable profit from that GDP data. I thought it would keep going up so I didn't close it.. and down it went..
A 1 pip gain is better than a 1 pip loss.
  • #7,793
  • Apr 30, 2014 8:35am Apr 30, 2014 8:35am
Quoting waleed.khan
{quote} Overall I am still bullish as long as the market closes above 1277 for the day.... USD index is going to be under a lot of pressure today...
on my emas red over white good night? i have to stick to my trading plan,, but gl
  • #7,794
  • Apr 30, 2014 8:35am Apr 30, 2014 8:35am
Becarefull, market can reverse direction any time. Better to close position with small profit, buy low around 1280 and sell high around 1300 until break this range .
  • #7,795
  • Apr 30, 2014 8:35am Apr 30, 2014 8:35am
im still holding it!!!
Attached Image (click to enlarge)
Click to Enlarge Name: goldh1.png Size: 42 KB
  • #7,796
  • Apr 30, 2014 8:35am Apr 30, 2014 8:35am
Quoting aeternum
{quote} I initially had a sizable profit from that GDP data. I thought it would keep going up so I didn't close it.. and down it went..
Playing the news is risky business...especially these days..

Its best to wait untill all the news is out so that the picture for a direction becomes clearer!
  • #7,797
  • Apr 30, 2014 8:37am Apr 30, 2014 8:37am
Quoting elbert3
{quote} on my emas red over white good night? i have to stick to my trading plan,, but gl
Emas don't mean much in a sideways market... GL to you too!

*But I will abort my long bias if pa closes below 1277 for the day*
  • #7,798
  • Apr 30, 2014 8:37am Apr 30, 2014 8:37am
Quoting nicefirework
Becarefull, market can reverse direction any time. Better to close position with small profit, buy low around 1280 and sell high around 1300 until break this range .
Yup agree with you mate, close my shorts in small profit, now I'll be sitting drink coffee and watch how the market goes, see if any opportunity to get in
  • #7,799
  • Apr 30, 2014 8:49am Apr 30, 2014 8:49am
Quoting waleed.khan
{quote} Playing the news is risky business...especially these days.. Its best to wait untill all the news is out so that the picture for a direction becomes clearer!
I guess if I had closed it, it wouldn't have been a risk because I'm supposed to be scalping.
A 1 pip gain is better than a 1 pip loss.
  • #7,800
  • Apr 30, 2014 8:54am Apr 30, 2014 8:54am
Quoting aeternum
{quote} I guess if I had closed it, it wouldn't have been a risk because I'm supposed to be scalping.
Well then you missed out...! Its crucial to stick to your strategy; otherwise one can get lost in this forex jungle!

I in particular tend to lose a lot when markets trade sideways like this because I like to take swing trade setups from 1hr and 4hr charts... but recently a lack of direction for a swing move is making things tough!
48 traders viewing now