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  • #11,061
  • Jul 8, 2014 10:15am Jul 8, 2014 10:15am
Quoting Ksth
1288.53 is my target for today.. =)
I think it will hit 1285 today aswell.
  • #11,062
  • Jul 8, 2014 10:31am Jul 8, 2014 10:31am
Hi Guys, Great work By everyone, CT can you please tell me how to learn DCB, is there an indicator? and how are the levels worked out. Please Help

Thanks
  • #11,063
  • Jul 8, 2014 10:35am Jul 8, 2014 10:35am
FRankly, if this is a downtrend... it is veeeery weak. I still see this going North in the medium term. Some big one is just playing chess with us...
  • #11,064
  • Jul 8, 2014 10:36am Jul 8, 2014 10:36am
Quoting taciho
{quote} I think it will hit 1285 today aswell.
Can I ask what makes you think it will go down that far today?
O you possessed of sturdy intellect, observe the teaching that is hidden
  • #11,065
  • Jul 8, 2014 10:51am Jul 8, 2014 10:51am
1306 is the key number. If it holds we will go up and continue for 1400+ gradually.

If it doesn't hold, then 1280 will be retested.

Thats what my charts are telling me.

Invalidated if 1330 breaks, retests and continues.
To live a successful life, we must lose our fear of being wrong
  • #11,066
  • Jul 8, 2014 10:54am Jul 8, 2014 10:54am
Attached Image (click to enlarge)
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To live a successful life, we must lose our fear of being wrong
  • #11,067
  • Jul 8, 2014 11:14am Jul 8, 2014 11:14am
Quoting davyman003
Which software is dat at tbond 007
Sorry, I missed this post earlier. This is software developed by parallax research. I don't want to promote anything over another in the forum, but if you're interested in it, PM me and I'll put you in touch with the creators.
O you possessed of sturdy intellect, observe the teaching that is hidden
  • #11,068
  • Jul 8, 2014 11:42am Jul 8, 2014 11:42am
Quoting DNTme
{quote} ups maybe later
i believe kinda hard to up for now..maybe tomorrow =)
  • #11,069
  • Jul 8, 2014 11:43am Jul 8, 2014 11:43am
This 900 pip sudden fall is hard to fathom. The JOLT report is only a medium indicator and not as important as NFP. I'm baffled at the sudden change from bull to bear. I don't think I have what it takes to trade in such a spurious market. I may soon have to take my bow lest I lose my shirt and shoes as well! Forex is very interesting but my losses far outweigh the wins. I just dont have the skill or the luck of some of you here.
Profitable trading to one and all....
  • #11,070
  • Jul 8, 2014 11:50am Jul 8, 2014 11:50am
imo we are finally ready to go down (the retracement to 1320 would be ideal to sell).
first target 1280-1290
my 5cents
Mind is like a parachute - it is useful only if open
  • #11,071
  • Jul 8, 2014 11:52am Jul 8, 2014 11:52am
Quoting Szymon
imo we are finally ready to go down (the retracement to 1320 would be ideal to sell). first target 1280-1290 my 5cents
hopefully later on news bring it down to 1280 area . =)
  • #11,072
  • Jul 8, 2014 12:02pm Jul 8, 2014 12:02pm
Quoting ClockTrader
Longs look good to me, would like to add more but with SL this time, trading skills ON! However, I would like to wait until Asian session (tomorrow) before I add more. I might use DCB to place SL. Wish you all a good one ahead!
what is DCB ?
  • #11,073
  • Jul 8, 2014 12:04pm Jul 8, 2014 12:04pm
Quoting Ksth
{quote} i believe kinda hard to up for now..maybe tomorrow =)
1313.50 holded nicely. if this level is broken then bears are here and will push price down to 1280

i'll give one more chance to long. but its late in the day already...
fokyou forexfactory
  • #11,074
  • Jul 8, 2014 12:10pm Jul 8, 2014 12:10pm
There are a bunch of support levels below 1313. I can't see them all being broken today or this week for that matter. If anything the whole PA these 7-8 days shows that we are heavily ranging. Added a couple of longs CMP with a SL well below around 128x.
  • #11,075
  • Jul 8, 2014 12:54pm Jul 8, 2014 12:54pm
S 1315.75

i hedged my long - SL BE on this one now
fokyou forexfactory
  • #11,076
  • Jul 8, 2014 12:57pm Jul 8, 2014 12:57pm
Quoting Szymon
imo we are finally ready to go down (the retracement to 1320 would be ideal to sell). first target 1280-1290 my 5cents
what makes u think like that?

can u post a chart to sustain your theory? thx
fokyou forexfactory
  • #11,077
  • Jul 8, 2014 1:27pm Jul 8, 2014 1:27pm
We are at 1317 already. I am long with no shorts after 3 bullish candles on 1H chart. watching though and ready to hedge if needed. Hopefully not.

1312 level was not broken since the 19th of June and it will need way more pressure to be broken.

Also on 5 min charts, Price is entering heavy Bearish Ichimoku cloud. If I go by the book and a bit of luck, This will end around 1317-1318 with the daily closing candle.

Let's see what happens
  • #11,078
  • Jul 8, 2014 1:41pm Jul 8, 2014 1:41pm
This is going to be ontomorrow's events hands. if they make enough pressure to drop gold/silver we'll see a bearish breakout. otherwise in thursday we'll see a bulish breakout i'm preparing for both cenarios
  • #11,079
  • Jul 8, 2014 1:57pm Jul 8, 2014 1:57pm
Quoting ShadyAhmed
We are at 1317 already. I am long with no shorts after 3 bullish candles on 1H chart. watching though and ready to hedge if needed. Hopefully not. 1312 level was not broken since the 19th of June and it will need way more pressure to be broken. Also on 5 min charts, Price is entering heavy Bearish Ichimoku cloud. If I go by the book and a bit of luck, This will end around 1317-1318 with the daily closing candle. Let's see what happens
Have to agree with your analysis for today, just wish I posted it earlier after the flush. I have some smaller scale (45m) bottoms in gold showing.
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O you possessed of sturdy intellect, observe the teaching that is hidden
  • #11,080
  • Jul 8, 2014 2:42pm Jul 8, 2014 2:42pm
just placed a pending order:

buy @ 1314
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