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  • #10,561
  • Jun 26, 2014 8:47am Jun 26, 2014 8:47am
something is going on in stock market lead to strenthed $ is there any company news?
  • #10,562
  • Jun 26, 2014 8:59am Jun 26, 2014 8:59am
Quoting waleed.khan
{quote} Agreed; but I do think we have near term support at 1300 now... As far as going long is concerned; I would wait for a higher high close above 1325 for confirmation... Recent price action on the hourly chart has shown a lower bottom (which is the only problem)... but after yesterdays poor Gdp number... I don't see price falling much...
When I go long tomorrow, I would buy in a very conservative manner. I would remain cautious with longs until mid of next week.

IF smart VSA supports a long call tomorrow, I would buy liberally.
Hello World!
  • #10,563
  • Jun 26, 2014 9:01am Jun 26, 2014 9:01am
dunno about news and stock market but nasdaq short worked out great nice robot trade in automation
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  • #10,564
  • Jun 26, 2014 9:04am Jun 26, 2014 9:04am
Quoting peyman
something is going on in stock market lead to strenthed $ is there any company news?
check recent news here u'll figure it out
  • #10,565
  • Jun 26, 2014 9:10am Jun 26, 2014 9:10am
Can anybody tell what's going on in the market?

Stocks, oil, currency pairs, gold are all down. Silver is stuck up there.
Gold went from 1314 to 1319 and then back to 1312.
  • #10,566
  • Jun 26, 2014 9:12am Jun 26, 2014 9:12am
Quoting Mitchoss
{quote} First, if you don't have a position already, don't enter now with expiration of futures/options and unemployment release, I expect some whipsaw moves that can catch people off guard if they are overleveraged with tight SL's. Second, I feel1300 will be tested. I don't expect us to re-visit the lows we had earlier in the month any time soon, I am looking at a consolidation and sideways move between 1285 and 1300 for a short while, then a move higher in july/august. If anyone cares about silver, look at 20.35 being tested around the times gold...
Dear Mitchoss, I admire Your work and confidence above all. could You please put some light on Your way of trading? what are Your decision factors? and what is Your position management strategy. thank You in advance and sorry for such a request.
Mind is like a parachute - it is useful only if open
  • #10,567
  • Jun 26, 2014 9:42am Jun 26, 2014 9:42am
Quoting Ranjeet1488
Can anybody tell what's going on in the market? Stocks, oil, currency pairs, gold are all down. Silver is stuck up there. Gold went from 1314 to 1319 and then back to 1312.
Anybody any idea or whatsoever why that divergence betveen AU and AG? AU is heading down again meanwhile AG is strenghtening..
Everything is gonna be OK at the end. If its not OK Its not the end
  • #10,568
  • Jun 26, 2014 9:43am Jun 26, 2014 9:43am
looks like some profit taking/buying at the 61% fib of the move off the bottom still watching 1315.8 and 1318.6 as resistance need to hold above those for a move higher..
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  • #10,569
  • Jun 26, 2014 9:50am Jun 26, 2014 9:50am
silver wont be up for long.
  • #10,570
  • Jun 26, 2014 9:56am Jun 26, 2014 9:56am
Quoting biondo
{quote} Anybody any idea or whatsoever why that divergence betveen AU and AG? AU is heading down again meanwhile AG is strenghtening..
I am short from 1318 and 20.91, wondering the same why is silver so strong?
  • #10,571
  • Jun 26, 2014 10:08am Jun 26, 2014 10:08am
Quoting edln
{quote} I am short from 1318 and 20.91, wondering the same why is silver so strong?
july Silver contract has expiry today and so shorts are trapped ... clear picture will come tomorrow ny open
  • #10,572
  • Jun 26, 2014 10:08am Jun 26, 2014 10:08am
..the important thing now is that I need AG to follow gold (down) not other way around
Everything is gonna be OK at the end. If its not OK Its not the end
  • #10,573
  • Jun 26, 2014 10:16am Jun 26, 2014 10:16am
This market is unsure and so crazy!! Random spikes up and down. Seems to be S/L hunting
  • #10,574
  • Jun 26, 2014 10:21am Jun 26, 2014 10:21am
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today USA data was pretty good after all, upward price action started before the news were release to delay a possible break of $1300,
i still think were gonna revisit $1180 and $1100 starting next year, being bullish at gold is a though view, only thing supporting gold right now is huge speculation and Iraq.

Look at crude and NG, Gold is yet very brave trying to hold current overextended price.
  • #10,575
  • Jun 26, 2014 10:25am Jun 26, 2014 10:25am
Quoting Ranjeet1488
This market is unsure and so crazy!! Random spikes up and down. Seems to be S/L hunting
They are cleaning the pond, small fish off!!

I encourage you to read this article:

http://www.learntotradethemarket.com...-forex-trading

What Crocodiles Can Teach You About Trading

  1. Crocodiles are a trader’s best role model
  2. Crocs have a high strike-rate
  3. Crocodiles are good at avoiding risky situations; they learn fast
  4. Conserving energy for the next kill
  5. Crocodiles are highly adaptable
  6. crocodile researchers often have to change their capture techniques because it’s very hard to catch them [crocs] with the same trick twice.

“Crocodile trading” should become a habit for you

After you have read this article, read it again!


Patience comes with experience, once you've been trading for 2-5 yrs, you will feel lesser bad with sideways PA.

Hello World!
  • #10,576
  • Jun 26, 2014 10:27am Jun 26, 2014 10:27am
summer trade...just back into the junk chopping wood
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  • #10,577
  • Jun 26, 2014 10:31am Jun 26, 2014 10:31am
Quoting ClockTrader
{quote} They are cleaning the pond, small fish off!! I encourage you to read this article: http://www.learntotradethemarket.com...-forex-trading What Crocodiles Can Teach You About Trading Crocodiles are a trader’s best role model Crocs have a high strike-rate Crocodiles are good at avoiding risky situations; they learn fast Conserving energy for the next kill Crocodiles are highly adaptable crocodile researchers often have to change their capture techniques because it’s very hard to catch...
Thank you so much for all the help. Will try to read it again and again and try to grasp the Crocodile way of trading. More importantly trying to learn patience.
  • #10,578
  • Jun 26, 2014 11:07am Jun 26, 2014 11:07am
This was from bloomberg yesterday.
http://www.bloomberg.com/news/2014-0...id=fb.campaign
  • #10,579
  • Jun 26, 2014 11:26am Jun 26, 2014 11:26am
a couple of interesting numbers for you news hounds... from Larry Levin newsletter "trading advantage" I think his company name is...love how he pokes at the government all the false news they like to throw our way.
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  • #10,580
  • Edited 12:12pm Jun 26, 2014 11:56am | Edited 12:12pm
Quoting bayfisherman
a couple of interesting numbers for you news hounds... from Larry Levin newsletter "trading advantage" I think his company name is...love how he pokes at the government all the false news they like to throw our way. {image} {image}

This is what happens when central banks start calling the shots on what the markets should be doing... They have too much power and control! Yellen found an excuse with the weather...What she says ultimately directs the markets (think about all the insider trading going on?/Corruption?) ... All the good economic numbers; later get revised etc... Draghi and Yellen just need to say that interest rates will be kept low for long and the markets rally...

On bloomberg to many analysts are still bullish on the markets; even amidst this low volatility... I have started feeling that come october-november; there is going to be a lot more volatility and a very big correction in the markets (It is long over due; perhaps the next gdp number is going to be the trigger).

Thanks for sharing these stats... Look at rank 1; that must have been during the bretton wood system and the gold fixing time? Guess what U.S did after those numbers there...? < They started the Vietnam war in 1959> (to jump start their economy!)
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