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  • #8,501
  • May 11, 2014 11:52pm May 11, 2014 11:52pm
Quoting waleed.khan
{quote} that's rough! Just curious; if you had your "buy limit" orders there...where were your stops then? As usually for a momentum trader trying to play a breakout would be thinking of putting "sell stop" orders at those prices that you stated...
My strategy is not to sell and catch a breakout, I've mentioned it once or twice (i think) that I will never trade a breakout, I trade based on S/R and fibo using MACD,RSI and pin bar analysis (to a lesser extent).
  • #8,502
  • May 11, 2014 11:53pm May 11, 2014 11:53pm
Quoting waleed.khan
{quote} Damn...Double miss! You could have scaled into buys too within a small range; atleast something would get caught...
Yeah I'm sort of an all or nothing kinda guy, call me crazy. haha
  • #8,503
  • May 12, 2014 1:33am May 12, 2014 1:33am
Quoting acidguy
while some wait real PA recommend you to see these videos : Ichimoku for Begginers : https://www.youtube.com/watch?v=Y9QM8WRRWzE this one for Inspiration : https://www.youtube.com/watch?v=MyjuEtgO7M0 if anyone wanna trade a snake with hell price action look at HSI (Hang Seng Index)(newbs pls dont trade this)
ok. you're beautiful. lol
  • #8,504
  • May 12, 2014 2:58am May 12, 2014 2:58am
Quoting Mitchoss
I'm so disappointed, I missed an opportunity to scoop up this mornings dip cause I was on a plane to work. I had buy limits waiting at 18.95 and silver got to 18.97 on my brokers PA. DAMN U!
Weird.. I am showing a low of 19.02
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  • #8,505
  • May 12, 2014 3:06am May 12, 2014 3:06am
stops above 1296 but wo a catalyst, stops below 1275
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  • #8,506
  • May 12, 2014 3:25am May 12, 2014 3:25am
I am waiting for it to go down a bit then I can buy and TP
  • #8,507
  • May 12, 2014 4:13am May 12, 2014 4:13am
Still range bound and choppy after so many days...
"Where you want to be is always in control, never wishing, always trading.
  • #8,508
  • May 12, 2014 4:21am May 12, 2014 4:21am
Any one update on GOLD?
  • #8,509
  • May 12, 2014 4:26am May 12, 2014 4:26am
Gold is going up when stocks down.?
  • #8,510
  • May 12, 2014 4:54am May 12, 2014 4:54am
Looks like a trend is forming on daily TF
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  • #8,511
  • May 12, 2014 7:01am May 12, 2014 7:01am
Scalped some shorts when Toyko opened, and still in a few shorts (from 1288, with SL at 1313). Looks like Ukraine is still influencing market.
"The market can remain irrational longer than you can remain solvent"
  • #8,512
  • May 12, 2014 7:13am May 12, 2014 7:13am
Watching H4 closely, if we bounce down from the kijun (blue line) we may begin our downwards run again. You can see a tk twist ( to the right where cloud goes from red to blue) indicating we are in an up trend currently but beginning signs of a bear trend. So for the moment I am waiting a stronger signal before going short.
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A genius is born every minute, me I am lucky if my socks match.
  • #8,513
  • May 12, 2014 7:33am May 12, 2014 7:33am
1 lot short placed @ 1303.44. maybe just a scalp at this stage as the H4 looks to be doing a double tk twist to the bull. Expecting a run down to the 1301.
A genius is born every minute, me I am lucky if my socks match.
  • #8,514
  • May 12, 2014 7:44am May 12, 2014 7:44am
Scalp manual close at the 1301.93 level. Looking for another entry point.
A genius is born every minute, me I am lucky if my socks match.
  • #8,515
  • May 12, 2014 7:45am May 12, 2014 7:45am
Quoting Yus191
Seriously what is going on with Gold!! that is a seriously quick retracement... sometimes i wish I had stop losses in place! then again most times I do it seems to hit them and reverse! Tell me please ppl what are the current targets??? likely to go any further lower for the day?
Quoting bonnzi
{quote} we are on the same boat mate newbies in the deep shit haha hope.... pray....whatever not gonna help if you have big balls and you are willing to risk your account sit tight and wait if not....take the loss and move on tomorrow... another day another struggle another opportunity
i finally managed to get out of my underwater short. hope you are doing fine too
  • #8,516
  • May 12, 2014 7:46am May 12, 2014 7:46am
If gold closes above $1295 by the end of NY session... we could see price move up this week... also considering that ukraine issue...things are not likely going to settle by may 25th; and if anything they will get worse - which should give Gold momentum towards the upside!
  • #8,517
  • May 12, 2014 7:47am May 12, 2014 7:47am
Another scalp , short @ 1=1302.12, looking for 1301.25 but will hold longer if strong signal to the bear presents its self.
A genius is born every minute, me I am lucky if my socks match.
  • #8,518
  • May 12, 2014 7:51am May 12, 2014 7:51am
Quoting waleed.khan
{quote} Thanks for sharing and clearing that out! It sounds like you are a momemtum trader whenever there are panic long spikes... but over all you rely on supply demand fundamentals for a long view..!
If it makes you feel better you can categorize me that way.
But that's not quite correct because I never buy panic, panickers usually are punished - they are meat and fuel for trend, you can check the latest panic (ukraine-crimea related) spikes - they were drowned in blood. I buy BEFORE panic. When it's panic it's too late to buy.
One of the patterns I was waiting for and talking about - happened just before/on the today's Australian session opening. That was not panic, that was usual low-liquidity market manipulation.
  • #8,519
  • May 12, 2014 8:04am May 12, 2014 8:04am
Small explanation, but i assume that's already obvious
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  • #8,520
  • May 12, 2014 8:05am May 12, 2014 8:05am
Quoting Mitchoss
{quote} Yeah I'm sort of an all or nothing kinda guy, call me crazy. haha
Haha.. No I get that!
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