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Only Gold!

  • #9,781
  • Jun 6, 2014 9:16am Jun 6, 2014 9:16am
The top chart was done prior to NFP. The second chart was done after NFP with two lines drawn from peaks on a line chart . Top Line was from the daily and bottom was from the 4 hourly. If you do this then change over to weekly the weekly candle will be below that top line and following a channel Down.
  • #9,782
  • Jun 6, 2014 9:52am Jun 6, 2014 9:52am
1$ in gold is called 10 pips or 100 pips ?
  • #9,783
  • Jun 6, 2014 9:55am Jun 6, 2014 9:55am
Quoting Mr.Kane
1$ in gold is called 10 pips or 100 pips ?
While people differ on this, after researching Google, I concluded that there are 100 pips in 1 dollar
Hello World!
  • #9,784
  • Jun 6, 2014 10:01am Jun 6, 2014 10:01am
Quoting Mr.Kane
1$ in gold is called 10 pips or 100 pips ?
I had this conversation on the AUD thread.

I trade a razer account so a move of 0.91111 to 0.91112 is one pip for me, whilst those trading on one less digit, 0.9111 to 0.9112 is a one pip move to them. So it can be a confusing one but from how I took it a one point move is one pip technically.
A genius is born every minute, me I am lucky if my socks match.
  • #9,785
  • Jun 6, 2014 10:11am Jun 6, 2014 10:11am
Quoting whackdiddy
{quote} I had this conversation on the AUD thread. I trade a razer account so a move of 0.91111 to 0.91112 is one pip for me, whilst those trading on one less digit, 0.9111 to 0.9112 is a one pip move to them. So it can be a confusing one but from how I took it a one point move is one pip technically.
Yea, thats right, a move of one point (smallest unit in price) after decimal would be 1 pip, hence 100 pips in 1 dollar
Hello World!
  • #9,786
  • Jun 6, 2014 10:13am Jun 6, 2014 10:13am
I am loving this upward move. Between the algos and the outright manipulation...and the typical contrary moves of New York traders...I've added shorts in my second account.
"The market can remain irrational longer than you can remain solvent"
  • #9,787
  • Jun 6, 2014 10:33am Jun 6, 2014 10:33am
Quoting ClockTrader
{quote} Yea, thats right, a move of one point (smallest unit in price) after decimal would be 1 pip, hence 100 pips in 1 dollar
the way i look at it, 10 pips = $1
  • #9,788
  • Jun 6, 2014 10:33am Jun 6, 2014 10:33am
Quoting ClockTrader
{quote} Yea, thats right, a move of one point (smallest unit in price) after decimal would be 1 pip, hence 100 pips in 1 dollar
CT u start buying yet ? u think where is the bottom ?
  • #9,789
  • Jun 6, 2014 10:33am Jun 6, 2014 10:33am
good nfp, Puttin Obama meeting with Ukraine President and already presence of bear.. if 1240 breaks then 1221 will be the target
P.S. Trade with the discipline of Money Management and Risk Management.
  • #9,790
  • Jun 6, 2014 10:34am Jun 6, 2014 10:34am
Quoting fxmasterdxb
{quote} the way i look at it, 10 pips = $1
I think when it comes to gold, we should talk $ instead of pip to avoid confusion.
  • #9,791
  • Jun 6, 2014 11:32am Jun 6, 2014 11:32am
Quoting Mr.Kane
{quote} CT u start buying yet ? u think where is the bottom ?
I've been investing lately. I would be 80% sure about the bottom by June-End and 90% sure by July End.
Hello World!
  • #9,792
  • Jun 6, 2014 11:37am Jun 6, 2014 11:37am
Quoting ClockTrader
{quote} I've been investing lately. I would be 80% sure about the bottom by June-End and 90% sure by July End.
)
Hope it will be at bottom...
  • #9,793
  • Jun 6, 2014 11:49am Jun 6, 2014 11:49am
Bull swings in the most bearish season of the year would bring only sluggish up-moves, nevertheless, up-waves should continue to build. I'll wait for a peak out and thereafter a bottom out to build more longs.

Wish you all a great weekend ahead!
Hello World!
  • #9,794
  • Jun 6, 2014 12:33pm Jun 6, 2014 12:33pm
Quoting whackdiddy
{quote} Hey where did the "If I knew anything about PA go?" not to gloat but but I will... "your puny pinbar has nothing compared to my ichi.." said in the voice of the hulk... {image}
I was being angsty but I didn't mean to put that out. Either way it crashed all the way back down after which gave me some small profits.

Still waiting for 4H to be oversold and Daily to stall before I start buying again. It is now a weekly inside bar but a very weak one.
A 1 pip gain is better than a 1 pip loss.
  • #9,795
  • Jun 6, 2014 1:14pm Jun 6, 2014 1:14pm
is there any chanced this USD consumer credit data coming in 45 mins will move the markets much?
Loser trying to become a winner!
  • #9,796
  • Jun 6, 2014 1:54pm Jun 6, 2014 1:54pm
Quoting MyOpinion
is there any chanced this USD consumer credit data coming in 45 mins will move the markets much?
Not likely....but maybe something will move these markets. I tend to think the big move will come next week when London opens.
"The market can remain irrational longer than you can remain solvent"
  • #9,797
  • Jun 6, 2014 3:24pm Jun 6, 2014 3:24pm
What worries me most at current stage is that clearly there are very powerful forces who want gold to trade lower. There is also a panic selling on the copper market due to Chinese storage panic. So gold will most likely go lower.
  • #9,798
  • Jun 6, 2014 9:39pm Jun 6, 2014 9:39pm
Quoting Mitbrad
What worries me most at current stage is that clearly there are very powerful forces who want gold to trade lower. There is also a panic selling on the copper market due to Chinese storage panic. So gold will most likely go lower.
there are many powerful forces who has the price capped but QE will win and will make rally the gold market to new highs in the next 2 years.
Abeonomics + Europe Negative Rates + China + USA Forever QE = Bullish Gold

thats why is impossible for Gold to go something like $700 again.
  • #9,799
  • Jun 7, 2014 3:33am Jun 7, 2014 3:33am
Hi guys, Just wanted to ask, aren't we at the same price range when NFP realeased for about 3 mounths ago? Strange!
  • #9,800
  • Jun 7, 2014 3:41am Jun 7, 2014 3:41am
Quoting acidguy
{quote} there are many powerful forces who has the price capped but QE will win and will make rally the gold market to new highs in the next 2 years. Abeonomics + Europe Negative Rates + China + USA Forever QE = Bullish Gold thats why is impossible for Gold to go something like $700 again.
i've been following different analysis and they say that negative rates of Europe would bring euro down and so as Gold.. further QE supports usd so again gold is expected to move down. But ur equation is telling opposite. any specific reason or forcast?
P.S. Trade with the discipline of Money Management and Risk Management.
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