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Only Gold!

  • #12,541
  • Jul 28, 2014 6:02am Jul 28, 2014 6:02am
bad thing with my broker is.. Hedge Prohibited
can go only one way at a time
P.S. Trade with the discipline of Money Management and Risk Management.
  • #12,542
  • Jul 28, 2014 6:10am Jul 28, 2014 6:10am
Holding a SHORT deal at 1289 with deal size of 0.03 and T/p given at 1280. After reading all the user reviews posted in past 4-6hrs, just came to conclusion that this pair will see a price between 1285 to 1270 if its a bearish trend and if there is Resistance at 1336.

Is my understanding correct? any suggestions??
  • #12,543
  • Jul 28, 2014 6:40am Jul 28, 2014 6:40am
Quoting farukh
bad thing with my broker is.. Hedge Prohibited can go only one way at a time
Is that Oanda?
  • #12,544
  • Jul 28, 2014 6:42am Jul 28, 2014 6:42am
Not really as this can go either way very hard. if i were you i'd reverse that trade at the 1st oportunity because with all the manipulation fed does all the time one could expect news from wednesday to friday to send dollar down bringing gold back up before expected...
I do believe however that gold will come down to the 1280 mark today after 3 or tomorrow (if we don't see agravations on the wars)..
If this doesnt happen i would swap the "sell" for a "buy"
  • #12,545
  • Jul 28, 2014 6:42am Jul 28, 2014 6:42am
Quoting Dafonz
{quote} With options expiry upon us today and tomorrow, going short certainly does make sense right now as the Commercial Banks will do what they always do......... Push Gold down right on expiry. I'm looking to buy some Long's in the next few days once the expiry shenanigans are over.
do you have any clue what the reason is of such situation? why Commercial Bank push the price down when the option expiry is close?
thanks
Mind is like a parachute - it is useful only if open
  • #12,546
  • Jul 28, 2014 6:47am Jul 28, 2014 6:47am
spot gold has resistance 1312, hold above then 1320-1328 possible & has support 1300, hold below then 1292-1282 possible
  • #12,547
  • Jul 28, 2014 6:48am Jul 28, 2014 6:48am
Quoting AnilLonely
Holding a SHORT deal at 1289 with deal size of 0.03 and T/p given at 1280. After reading all the user reviews posted in past 4-6hrs, just came to conclusion that this pair will see a price between 1285 to 1270 if its a bearish trend and if there is Resistance at 1336. Is my understanding correct? any suggestions??
After reading user reviews? Mate you're gonna destroy your account if you trade like this
A 1 pip gain is better than a 1 pip loss.
  • #12,548
  • Jul 28, 2014 7:03am Jul 28, 2014 7:03am
Quoting aeternum
{quote} After reading user reviews? Mate you're gonna destroy your account if you trade like this
Actually this deal was taken on 24th of this month when there is a huge drop. I just read bro and was asking some experts if my understanding is correct or not. By the way thanks a lot for your valuable advice.
  • #12,549
  • Jul 28, 2014 7:10am Jul 28, 2014 7:10am
Quoting AnilLonely
Holding a SHORT deal at 1289 with deal size of 0.03 and T/p given at 1280. After reading all the user reviews posted in past 4-6hrs, just came to conclusion that this pair will see a price between 1285 to 1270 if its a bearish trend and if there is Resistance at 1336. Is my understanding correct? any suggestions??
watch out for the risk management
Investing is SIMPLE but NOT EASY
  • #12,550
  • Jul 28, 2014 7:16am Jul 28, 2014 7:16am
I am holding my long in gold from 1296 and now i am holding with SL 1302 any suggestions from any one please....
  • #12,551
  • Jul 28, 2014 7:29am Jul 28, 2014 7:29am
It is hovering at the 1305 mark for quite sometime
  • #12,552
  • Jul 28, 2014 7:33am Jul 28, 2014 7:33am
Quoting Moly_Cam5
{quote} watch out for the risk management
Ya thanks. Infact i was making my decesion on what to do if things go against me. that is the reason i am asking expertise views on the point "to what extent this will go higher or lower". I expected that if things go wrong, this pair will jump to 1330 Max. just wanted to conclude if my analysis is correct. I can hold this deal till a maximum value of 1360. If it crosses 1360 i will be in danger.

By the way thanks a lot Moly
  • #12,553
  • Jul 28, 2014 7:34am Jul 28, 2014 7:34am
Quoting thevolatile
It is hovering at the 1305 mark for quite sometime
Yes, i am also waiting for this pair to swing either ways. but nothing is really happening today. Probably its holiday na, that is the reason no big changes.
  • #12,554
  • Jul 28, 2014 7:36am Jul 28, 2014 7:36am
Quoting atom3
{quote} I am holding the short position market dragged me in, in friday at 1307 and my TP is at 1293 but it's only some technical indicators on 1H that give me sings of a more price fall, on the higher timeframes both sides look even to me
Moved my TP at 1301 out of fundamental concerns, but i might change my mind again though, those pending homes sales worry me a bit since they already have very low forecast and if they come out in red it will move the market to the upside in the short term
  • #12,555
  • Jul 28, 2014 7:45am Jul 28, 2014 7:45am
So once again they have been caught red handed. Does this mean the end of the massive spikes experienced daily at around 1pm London time.??????

http://www.zerohedge.com/news/2014-0...omplete-charts
Money Makes Money
  • #12,556
  • Jul 28, 2014 7:48am Jul 28, 2014 7:48am
Quoting atom3
{quote} Moved my TP at 1301 out of fundamental concerns, but i might change my mind again though, those pending homes sales worry me a bit since they already have very low forecast and if they come out in red it will move the market to the upside in the short term
Pending home sales is not big news, the news like this come several times each month. My concern only really big news like NFP, which is now day has later effect after bernanke.
  • #12,557
  • Jul 28, 2014 7:53am Jul 28, 2014 7:53am
Quoting thevolatile
It is hovering at the 1305 mark for quite sometime
They are waiting for the second London fix perhaps....the first one was at 1305.00

http://www.lbma.org.uk/pricing-and-statistics
  • #12,558
  • Jul 28, 2014 8:07am Jul 28, 2014 8:07am
Quoting Matts Micro
{quote} Even though the 1hr is overbought the 4hr is what I am concerned with. It just touched my overbought line before pulling back so still room for upside imo. I am looking at a possible H&S formation on many of the time frames. The weekly/daily though the left shoulder is lower than the head it is only a wick whereas the head has multiple closes below. Also they may be considered a double bottom. The 4&1 hourly maybe playing the same tune. Imo even if PA makes a new LL I'm not sure the level could be sustained unless coming from a steep decent....
There's a H&S on the 1hr micro level and if the green is broken should head south imo. Otherwise news in 1 hr should set direction.
Attached Image
As the lights go by so too do the shadows move
  • #12,559
  • Jul 28, 2014 8:26am Jul 28, 2014 8:26am
Quoting Matts Micro
{quote} There's a H&S on the 1hr micro level and if the green is broken should head south imo. Otherwise news in 1 hr should set direction. {image}
And that's what a TL is for.... no confirmation on the 5 min. I will likely wait for news from here.
Attached Image
As the lights go by so too do the shadows move
  • #12,560
  • Jul 28, 2014 8:27am Jul 28, 2014 8:27am
Added 2 longs @ 1303
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