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  • #7,801
  • Apr 30, 2014 9:03am Apr 30, 2014 9:03am
Quoting waleed.khan
{quote} 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!
Yes definitely. I should not scalp 4H charts so often, they tend to make me hold on longer than I want to.
A 1 pip gain is better than a 1 pip loss.
  • #7,802
  • Apr 30, 2014 9:05am Apr 30, 2014 9:05am
I guess Gold and Silver are falling because AUDUSD is.
A 1 pip gain is better than a 1 pip loss.
  • #7,803
  • Apr 30, 2014 9:16am Apr 30, 2014 9:16am
added short 1289 .4
  • #7,804
  • Apr 30, 2014 9:29am Apr 30, 2014 9:29am
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}
Floating profit turned small loss. Now mitigating this small loss.

I think the worst is yet to come.
Hello World!
  • #7,805
  • Apr 30, 2014 10:20am Apr 30, 2014 10:20am
FOMC statement at 2pm est. best to stay flat till after.
"Where you want to be is always in control, never wishing, always trading.
  • #7,806
  • Apr 30, 2014 10:50am Apr 30, 2014 10:50am
assuming FOMC's statement is positive, gold goes up or down?
  • #7,807
  • Apr 30, 2014 11:34am Apr 30, 2014 11:34am
Quoting Karpa
assuming FOMC's statement is positive, gold goes up or down?
Could be both, but a positive statement will help usd go stronger, but if it's against the market i used to come back to it's previous direction. It could be very dangerous to have open trades during the statement, could give you a call margin. Sometimes it's like yoyo but for this market if the statement comes more hawkish than expected then we might see 1350 tonight or maybe higher IMO. As you see silver is now on it's low on weekly and been falling constantly. this could mean positive statement could make gold to back to 1180. This level makes everything possible unfotunately.
Daily chart stochastic is overbought. Manipulation on 15'th april made the market to fall 40$. If you ask me i say this is a bullish market toward 1350 and 1400 afterwards or maybe higher? who knows?
  • #7,808
  • Apr 30, 2014 11:36am Apr 30, 2014 11:36am
if fed talks about tapering then golds bottoms gona fall but if they take very soft line then gold will spike up. before 7.00pm big boys will spike gold up and down to tale stop entry orders out.
  • #7,809
  • Apr 30, 2014 11:51am Apr 30, 2014 11:51am
Quoting goldfinger
if fed talks about tapering then golds bottoms gona fall but if they take very soft line then gold will spike up. before 7.00pm big boys will spike gold up and down to tale stop entry orders out.
don't think spike will happen this time IMO, any move up or down means big moves.
Gold silver daily and Silver weekly are very amazing. Silver is on a very critical level which could mean a lot for gold if it falls from this level.
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  • #7,810
  • Apr 30, 2014 12:13pm Apr 30, 2014 12:13pm
I have put buy stop and sell stop I hope u r right about spike Pouyanv.
  • #7,811
  • Apr 30, 2014 12:23pm Apr 30, 2014 12:23pm
Hi guys!
Some work for brains :
Attached Image (click to enlarge)
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Wish everyone profitable end of session !
  • #7,812
  • Apr 30, 2014 12:37pm Apr 30, 2014 12:37pm
Impressive analysis pouyanv.

I have small longs at 1299 and 1302. Bulls are taking positions right now, lvl 1295. A little more and I'm killing my longs
  • #7,813
  • Apr 30, 2014 1:12pm Apr 30, 2014 1:12pm
Quoting Karpa
Impressive analysis pouyanv. I have small longs at 1299 and 1302. Bulls are taking positions right now, lvl 1295. A little more and I'm killing my longs
Not sure going long would be a good idea now, try buy stops over day pivot line
  • #7,814
  • Apr 30, 2014 1:17pm Apr 30, 2014 1:17pm
Quoting pouyanv
{quote} Not sure going long would be a good idea now, try buy stops over day pivot line
I've hedged @ 1296.
I went to check past FOMC statements (March, Jan and Dec) and they didn't affect the price
  • #7,815
  • Apr 30, 2014 1:27pm Apr 30, 2014 1:27pm
Quoting Karpa
{quote} I've hedged @ 1296. I went to check past FOMC statements (March, Jan and Dec) and they didn't affect the price
http://www.marketwatch.com/story/fed...ter-2014-04-30
Fed continues to taper, looking past weak first quarter
Last times when fed decided to taper price fell at least 30$ in just 5 minutes, market didn't respond very bearish to this and it could be a sign of a bullish market in next days specially this week and next week due to hanging man weekly candles.
  • #7,816
  • Apr 30, 2014 1:29pm Apr 30, 2014 1:29pm
Quoting pouyanv
{quote} don't think spike will happen this time IMO, any move up or down means big moves. Gold silver daily and Silver weekly are very amazing. Silver is on a very critical level which could mean a lot for gold if it falls from this level. {image} {image}
You may have made the right call. Silver has pushed down further and if it we see a break of support at the critical $19 level, we might see gold move down further too. Gold may not drift too far from 1288 level as traders may want to wait on U.S. UE claims tomorrow, and NFP on Friday. The FOMC minutes may be priced in to some degree, but the weak 1st QTR U.S. GDP is keeping the market somewhat restrained.
"The market can remain irrational longer than you can remain solvent"
  • #7,817
  • Apr 30, 2014 1:30pm Apr 30, 2014 1:30pm
...and lest we not forget, the impact that events in Ukraine (and by extension, EU and Russia) are playing. Moreover, there is still some lingering doubt as to whether Draghi will do anything to weaken the EUR.
"The market can remain irrational longer than you can remain solvent"
  • #7,818
  • Apr 30, 2014 1:32pm Apr 30, 2014 1:32pm
Quoting Super_Mario
Hi guys! Some work for brains : {image} Wish everyone profitable end of session !
Hi Mario, could you please tell us what is that indicator, where to get it, thank you
My guess from looking at the image you posted, price would fall from 1293
  • #7,819
  • Apr 30, 2014 1:42pm Apr 30, 2014 1:42pm
Continues to be resisted by that line...
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"Where you want to be is always in control, never wishing, always trading.
  • #7,820
  • Apr 30, 2014 10:16pm Apr 30, 2014 10:16pm
the chart appears that gold is long by big banks while short by most private traders.
if it keeps slipping down, banks will lose the game.
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so I'd like to long ,
even for down, to retest the last high @1306.3 will be required.
no other killers to me but emotion
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