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Only Gold!

  • #12,621
  • Jul 29, 2014 1:28am Jul 29, 2014 1:28am
Quoting Stacker
{quote} Hey ClockTrader, can you explain a little how you build and manage your positions. I'm a rookie trader and always use only one order per instrument. Thank you and best regards
Read Post-1 of this thread, I'm trying to build longs for a very long term..

I use VSA to open/close hedges and to re-enter..
Hello World!
  • #12,622
  • Jul 29, 2014 1:29am Jul 29, 2014 1:29am
added a couple of longs, would add more..
Hello World!
  • #12,623
  • Jul 29, 2014 1:29am Jul 29, 2014 1:29am
Quoting AnilLonely
{quote} This was the first time she gave me a call to tell me that i am on wrong train and get down ASAP. Previously she used to call me and just tell me pivot points with support and resistance points. I dont know what happened all of a sudden, she was asking me now to close it. She is saying " later on dont say that i haven't warned you, i am warning you well in advance, now you its your duty to follow my instructions or take a loss."
This I can say to you:

Your account and your money, its yours to decide, not anyone else!
That which does not kill us makes us stronger
  • #12,624
  • Jul 29, 2014 1:33am Jul 29, 2014 1:33am
maybe this thing is ready to go down, finally!
I recommend you read something else as this sentence is now concluded.
  • #12,625
  • Jul 29, 2014 1:36am Jul 29, 2014 1:36am
GOld still not going anywhere.... Im going to be like Ackman and be persistent, and add few more longs...
  • #12,626
  • Jul 29, 2014 1:37am Jul 29, 2014 1:37am
These positions don't fit in one screen, the highlighted areas are my STOPs.

IF price flies through 1309, I would like to lift the SLs for longs upward. Plan to add longs later, hope patterns support the strategy I'm working on..
Attached Images
Hello World!
  • #12,627
  • Jul 29, 2014 1:40am Jul 29, 2014 1:40am
Hey Mitchoss, please share your view man..
You still wait for 1316 before jump with the bear?
That which does not kill us makes us stronger
  • #12,628
  • Jul 29, 2014 1:52am Jul 29, 2014 1:52am
Quoting moneymove
{quote} This I can say to you: Your account and your money, its yours to decide, not anyone else!
Thanks for the advise. I am new to forex trading, though i opened my account long time ago,i recently started trading and gaining knowledge. I use Moving average and parabolic SAR for basic idea. I use Bollinger bands for knowing long term values. this is the only method i learnt from past 20 days. Using that only i expected that this pair will drop to 1280. My managers comments on this added strength to me in taking this Short deal.

Now i just wanted to cross check if i was correct or not. Because all of a sudden she was asking me to close short deal at 50 RED, i was not understanding what is happening. I am in a confusion if she was asking me to put up more funds or is the market really going to see a Bullish trend now.

Hope you understand.
  • #12,629
  • Jul 29, 2014 2:13am Jul 29, 2014 2:13am
beeeauuttifooool
  • #12,630
  • Jul 29, 2014 2:18am Jul 29, 2014 2:18am
Quoting Matts Micro
Same plan as yesterday. Waiting for a confirmed break of either green or blue for direction. {image}
PA has broken my top tl. Imo technically it should reach new hh's from here (providing it closes hrly above).
As the lights go by so too do the shadows move
  • #12,631
  • Jul 29, 2014 2:26am Jul 29, 2014 2:26am
Quoting AnilLonely
{quote} Thanks for the advise. I am new to forex trading, though i opened my account long time ago,i recently started trading and gaining knowledge. I use Moving average and parabolic SAR for basic idea. I use Bollinger bands for knowing long term values. this is the only method i learnt from past 20 days. Using that only i expected that this pair will drop to 1280. My managers comments on this added strength to me in taking this Short deal. Now i just wanted to cross check if i was correct or not. Because all of a sudden she was asking me to close...
me too not an expert.

but -50 is better than -500/-5000. act fast. putting a stop loss is recommended.
  • #12,632
  • Jul 29, 2014 2:42am Jul 29, 2014 2:42am
Quoting AnilLonely
{quote} Thanks for the advise. I am new to forex trading, though i opened my account long time ago,i recently started trading and gaining knowledge. I use Moving average and parabolic SAR for basic idea. I use Bollinger bands for knowing long term values. this is the only method i learnt from past 20 days. Using that only i expected that this pair will drop to 1280. My managers comments on this added strength to me in taking this Short deal. Now i just wanted to cross check if i was correct or not. Because all of a sudden she was asking me to close...
Dear,
I am waiting for Gold drop towards 1240 from last couple of weeks. In my view, it may go up max 1340 and then will fall down towards my target price where i will start building portfolio for rest of year.
Your margin call area is 1360 so my opinion is to HEDGE your position with .05 having TP of 1335 then wait for down turn till 1355. If it comes down, fine otherwise close your 1289 short in RED.
Final decision and strategy will be yours. Here we can share our sincere suggestions and possible scenarios.
Regards,
Azfar
  • #12,633
  • Jul 29, 2014 2:48am Jul 29, 2014 2:48am
There she goes….
  • #12,634
  • Jul 29, 2014 2:50am Jul 29, 2014 2:50am
Howzit guys... I don't post too much... But beautiful run... Those using Bollinger Bands - what a lovely squeeze popping on the 1H... Bulls looking good - let's hope they keep it up...
Itchy Spirit Return This Year: na
  • #12,635
  • Jul 29, 2014 2:54am Jul 29, 2014 2:54am
Quoting ClockTrader
{quote} There can't be 10 - 20 $ moves everyday.. I'm quite hopeful of nice PA not only today but tomorrow too.
I just wanna it hit 1313 before i op my position goldguru.Have been waiting like 5days(maybe). Sitting with my lovely xau (maybe she is on period)
row row row your boat
  • #12,636
  • Jul 29, 2014 2:59am Jul 29, 2014 2:59am
I think R: 1311 / 1315.90 S: 1306
  • #12,637
  • Jul 29, 2014 3:04am Jul 29, 2014 3:04am
on H1 and H4 it looks like an inverse H&S. If true it might bring us to around 1331
  • #12,638
  • Jul 29, 2014 3:07am Jul 29, 2014 3:07am
Quoting Matts Micro
Same plan as yesterday. Waiting for a confirmed break of either green or blue for direction. {image}
Broke my top TL now the orange is the next obstacle. Watching the overbought signal.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd #15.png Size: 79 KB
As the lights go by so too do the shadows move
  • #12,639
  • Jul 29, 2014 3:14am Jul 29, 2014 3:14am
I woke up around 15-20 minutes ago. I swear everything I dreamt that XAUUSD went up and reached 1310. (And this dream made me wake up)
  • #12,640
  • Jul 29, 2014 3:38am Jul 29, 2014 3:38am
Good morning all i just shorted gold at 1310.10 (",)
happy trading all
Senior Trader Multi-Account Manager
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