If you do not know who you are, the Forex is the worst place to find you
- #9,683
- Jun 5, 2014 3:38am Jun 5, 2014 3:38am
- Joined Mar 2014 | Status: Trader | 1,062 Posts
{quote} To tell you the truth,naming our underwater long positions an investmentmakes me feel more relaxed haha That was a good one
As was already mentioned this range looks like the pre 1290 drop
Maybe we go lower before any significant move to the upside
{quote} Very tricky indeed. Cant wait to see what happens next
On the sidelines... Truth is I don`t think anyone knows whats going to happen next... well except draghi and his old mates at Goldman...
Best is to wait out and let the panic settle; until there is direction..
*the market is not going to let us have this one easy*
- #9,685
- Jun 5, 2014 3:58am Jun 5, 2014 3:58am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
What will be the worst case scenario of MPC rates on Gold and Oil? Currently short in Oil and Long in Gold.
It is really hard to predict what will happen, so therefore I always stay out.
- #9,692
- Jun 5, 2014 7:40am Jun 5, 2014 7:40am
- Joined Mar 2014 | Status: Trader | 1,062 Posts
Sometimes I wonder why I trade gold...
Everything else was kinda predictable... but moments like this...
Everything else was kinda predictable... but moments like this...
Sometimes I wonder why I trade gold... Everything else was kinda predictable... but moments like this...
Time to short the gold? Har..har..har..
- #9,698
- Jun 5, 2014 8:01am Jun 5, 2014 8:01am
- Joined Mar 2014 | Status: Trader | 1,062 Posts
{quote} lol boing, exactly touching 50 ma on 4 hours charts... was watching eurusd to much, got a quick scalp but should have go long gold.
haha... It had to give but I still think its too early to call a position... (even though volumes are good)
but this could be stop hunting right now...I am sure majority of shorters got stopped out...
See Usd index... it retracing down again!
one can only trade this with very wide stops..30 or 50 dollars... but then you haveto think twice about getting in with such low leverage!
Good luck!
{quote} haha... It had to give but I still think its too early to call a position... (even though volumes are good) but this could be stop hunting right now...I am sure majority of shorters got stopped out... See Usd index... it retracing down again! one can only trade this with very wide stops..30 or 50 dollars... but then you haveto think twice about getting in with such low leverage! Good luck!