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Only Gold!

  • #12,381
  • Jul 25, 2014 11:00am Jul 25, 2014 11:00am
Quoting Windstrown
lorix u'll miss your chance on this one mate but have a nice weekend. CT is it possible on your browser to hedge gold for more than 24 hours? If so i'd keep shorts alive for monday. Gonna have volatility this setback allows us to go further down in my opinion.
Yea, I can hold longs and shorts simultaneously forever in my Avatrade terminal.

(with my contracts in India, its little complicated. Heck, we can't even use SL, sucks! Leverage we use is like 1:10 )

Quoting Verve
{quote} Nice trading! what is your system? can u up load any indys so i can have a look, cheers and nice weekend everyone! Well done CT high five! Windstrown i hope your wrong, i want to hold some longs
Yea, the intraday call worked fine today! It was exceptionally transparent today, otherwise you know, I don't like to share an intraday call with SL. I've drained huge amounts of money in order to find out what does not work.

Have a great weekend you all!

PS: attached is what I got to share, all shorts blown in Green, left with longs only.

PPS: There is a peakout on VSA (M15), a small spread on H4. I wish there was a nice peakout or bottom out on H1, my fav Bingo H1
Attached Image
Hello World!
  • #12,382
  • Jul 25, 2014 11:01am Jul 25, 2014 11:01am
Quoting Windstrown
well for the last 4 years at least (i didnt check longer) on the 27th (or the day after when its a weekend) whenever contracts expire gold drops.. That is why im saying it's healthy to have this small retrace. I'll be entering long on 28th already decided my entry will be 1280 small lot and rebuy lower if it drops to 1264. GL to all though hope we can all moke some money maybe we could go on a trip like a cruise or smth at the end of the season all traders would be fun ahaha
Count me in if season goes good!
Hello World!
  • #12,383
  • Jul 25, 2014 12:10pm Jul 25, 2014 12:10pm
Hi all,
even if it's friday ... I'll try try a short @ 1302,5
The best thing that can happen to you is to find out where you're wrong.
  • #12,384
  • Jul 25, 2014 12:14pm Jul 25, 2014 12:14pm
it may not reach it
  • #12,385
  • Jul 25, 2014 12:19pm Jul 25, 2014 12:19pm
clear break of 1302.35 will start buying
  • #12,386
  • Jul 25, 2014 12:21pm Jul 25, 2014 12:21pm
Hmmm... this is a suprise spike up

I'm watching the top channel line carefully; as long as we don't close above the top channel line "shorts" are still valid (rsi has become oversold on the hourly too).

We don't have good volume to support this rise.

The only thing the longs have got going for themselves is a double bottom on the daily chart! If that is the case then I am afraid we might be entering into another range bound phase between 1330 and 1280.
  • #12,387
  • Jul 25, 2014 12:23pm Jul 25, 2014 12:23pm
Quoting wafiqsalameh
clear break of 1302.35 will start buying
Main question..... what is for you "clear break" ?? ....
The best thing that can happen to you is to find out where you're wrong.
  • #12,388
  • Jul 25, 2014 12:26pm Jul 25, 2014 12:26pm
if the 22sma h+L/2 goes over it, the price over the av. on the one min. chart
  • #12,389
  • Jul 25, 2014 12:28pm Jul 25, 2014 12:28pm
Quoting wafiqsalameh
if the 22sma h+L/2 goes over it, the price over the av. on the one min. chart
well ... I think we look different timeframes
The best thing that can happen to you is to find out where you're wrong.
  • #12,390
  • Jul 25, 2014 12:31pm Jul 25, 2014 12:31pm
Quoting Driver55
{quote} Main question..... what is for you "clear break" ?? ....
For me 1305 is key area also it's a nice place to risk for a short
  • #12,391
  • Jul 25, 2014 12:32pm Jul 25, 2014 12:32pm
the number is a minor from the daily,but i noticed it has something do do with it on the one min.
  • #12,392
  • Jul 25, 2014 12:35pm Jul 25, 2014 12:35pm
Quoting wafiqsalameh
if the 22sma h+L/2 goes over it, the price over the av. on the one min. chart
im new to trading and i dont get these thing when you guys say sma or vsa. how do i get to know what all these means?
  • #12,393
  • Jul 25, 2014 12:36pm Jul 25, 2014 12:36pm
started buying, you need to dance with it
  • #12,394
  • Jul 25, 2014 12:37pm Jul 25, 2014 12:37pm
Ugh , annoyed I didn't buy yesterday at the 1290s when it was very obviously over sold..
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-07-25 at 11.36.03 AM.png Size: 61 KB
  • #12,395
  • Jul 25, 2014 12:38pm Jul 25, 2014 12:38pm
Quoting noobstrader
{quote} im new to trading and i dont get these thing when you guys say sma or vsa. how do i get to know what all these means?
Just ask or research yourself?

Sma - simple moving average

Vsa - volume spread analysis
  • #12,396
  • Jul 25, 2014 12:38pm Jul 25, 2014 12:38pm
first target now 22sma middle on daily.....cant be today of course
  • #12,397
  • Jul 25, 2014 12:39pm Jul 25, 2014 12:39pm
Quoting noobstrader
{quote} im new to trading and i dont get these thing when you guys say sma or vsa. how do i get to know what all these means?

somewhat got it from here

http://tradingsim.com/blog/simple-moving-average/
  • #12,398
  • Jul 25, 2014 12:40pm Jul 25, 2014 12:40pm
Quoting noobstrader
{quote} im new to trading and i dont get these thing when you guys say sma or vsa. how do i get to know what all these means?
Definition of 'Simple Moving Average - SMA'

A simple, or arithmetic, moving average that is calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. Short-term averages respond quickly to changes in the price of the underlying, while long-term averages are slow to react.

VSA (volume spread analysis - the analysis of differences in volume).

Search definitons on the net!
  • #12,399
  • Jul 25, 2014 12:44pm Jul 25, 2014 12:44pm
At least I waited pretty patiently other than a few scalps for this overbought set up here… was thinking to wait for 1306 level but this 1303 level looks appealing for a play to the downside.. might hold till 1292….
  • #12,400
  • Jul 25, 2014 12:47pm Jul 25, 2014 12:47pm
jesus and i wanted to place another short but i'm taken with that eur gbp (((((((((( oh well good luck for all of you have a nice weekend this was an awesome long scalp for those who got it (lorix wp )
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