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Only Gold!

  • #12,861
  • Jul 31, 2014 12:44am Jul 31, 2014 12:44am
Quoting waleed.khan
{quote} If you like to trade like that... you should trade options rather than futures or cfd's!
never did really....but im not always trading like that
  • #12,862
  • Jul 31, 2014 12:46am Jul 31, 2014 12:46am
Quoting wafiqsalameh
the hour chart been broken

feel rest assured this is going down; technically and fundamentally (yesterdays gdp number was more than great...)

All these apparent conflicts right now (aren't global but deal with regional issues)

Plus the Usd index is the thing to watch...as it is breaking out of a technically resistant area...

I've been bearish for over 10 days now... we might have $10 dollar hiccups on our way down..

*but i would not enter shorts at such levels as a technical bounce can start appearing in the 1260 to 1290 zone*
  • #12,863
  • Jul 31, 2014 12:47am Jul 31, 2014 12:47am
i was in love trading gbp/jpy but the thing is dead right now,so i keep trading gold till either bone dye
  • #12,864
  • Jul 31, 2014 1:00am Jul 31, 2014 1:00am
Danny,

I am pleased to know that I was of some help to you. Yes, these are the Gann and Fibo Numbers. However, I stick with Gann Numbers since they relate to the Musical Octave and hence are more reliable. Whereas Fibo Numbers are good in Nature and Cycle work. Please bear in Mind you also have minor 3-5 Waves within the major Waves. As long as your Instrument is going your way, you just stay with it and calculate your Numbers.

Regards,

Fred
  • #12,865
  • Jul 31, 2014 1:09am Jul 31, 2014 1:09am
Quoting ClockTrader
It appears Gold will remain under pressure.. hope this bottoms out by this weekend.. I respect everyone's opinion/view here.. whether the fella is a noob or an expert However, its unfortunate to see that only a few people have remained active here ever since I started this thread over an year ago. People come here, share their precious thoughts about direction and disappear in no time. The worse fact is that 98% traders quit within 2 yrs, I think more than 80% quit within 6 months. So, whatever you do, whatever your trades, make sure you respect...

I would add that more than 70% blow their account in the first 3 months!
  • #12,866
  • Jul 31, 2014 1:22am Jul 31, 2014 1:22am
the new 4 hr res. 1294.77
  • #12,867
  • Jul 31, 2014 1:29am Jul 31, 2014 1:29am
this hour the price may go back to the opening
  • #12,868
  • Jul 31, 2014 1:57am Jul 31, 2014 1:57am
Quoting waleed.khan
{quote} I would add that more than 70% blow their account in the first 3 months!
still here just that the news get repeated quite often(wars at xxx countries) . nothing much change, the forex volume quite low lately. Gold used to move 100 dollars daily, but barely 10 dollars daily.
  • #12,869
  • Jul 31, 2014 2:24am Jul 31, 2014 2:24am
1297.5 is my stop bid price
  • #12,870
  • Jul 31, 2014 2:37am Jul 31, 2014 2:37am
Quoting sunnyfarm
Danny, I am pleased to know that I was of some help to you. Yes, these are the Gann and Fibo Numbers. However, I stick with Gann Numbers since they relate to the Musical Octave and hence are more reliable. Whereas Fibo Numbers are good in Nature and Cycle work. Please bear in Mind you also have minor 3-5 Waves within the major Waves. As long as your Instrument is going your way, you just stay with it and calculate your Numbers. Regards, Fred
INTERESTING....Thks..Fred
  • #12,871
  • Jul 31, 2014 2:47am Jul 31, 2014 2:47am
CT and everybody else...

Just out of curiosity how many of you use the Ichimoku Kumo as part of your trading strategy?

I appreciate any replies
Que Sera
  • #12,872
  • Jul 31, 2014 3:01am Jul 31, 2014 3:01am
Quoting waleed.khan
{quote} I would add that more than 70% blow their account in the first 3 months!

I think it's 90/90/90
90% of traders lose 90% of their accounts within 90 days.
  • #12,873
  • Jul 31, 2014 3:16am Jul 31, 2014 3:16am
Quoting Matraguna
{quote} I think it's 90/90/90 90% of traders lose 90% of their accounts within 90 days.
Yes. I lost around £30,000 over the last year trying to trade on very little knowledge. Many times got to the point of giving up but never quite threw in the towel .. recently i have spent time reading ichimoku trading techniques and I have to admit I have had a revelation, ichimoku is by far the best technical anaylisist for entering a trade at the rite point and under standing the trend at the time, it also fits my lifestyle to a tee and i hope over the coming months to regain some of my much missed capital...

I only wish i had of studied Ichimoku a year ago because instead of being in the - i might actually be holding a nice healthy profit

I wish everybody the best of luck, i do feel a lot more positive about my trading now which in some ways is half the battle.

ATB
Que Sera
  • #12,874
  • Jul 31, 2014 3:40am Jul 31, 2014 3:40am
Quoting wafiqsalameh
i was in love trading gbp/jpy but the thing is dead right now,so i keep trading gold till either bone dye
gbpjpy!! That's my cup of tea!! so sweet
yesterday I am forced to close my long gbpjpy after my s.l. in gold knocked down
Alas!!
I just could not control emotion, never imagine 2hours after closing mine, I should have closed it double
  • #12,875
  • Jul 31, 2014 3:58am Jul 31, 2014 3:58am
Getready for the gold up move
  • #12,876
  • Jul 31, 2014 4:08am Jul 31, 2014 4:08am
Quoting Ck87
Getready for the gold up move
Looking good. But remember your leverage - not all in here No offense!
Fix up, trade sharp ...
  • #12,877
  • Jul 31, 2014 4:35am Jul 31, 2014 4:35am
Even after the big fall in S&P, easy monetary policy by FED, and increasing inflation gold is not going up. seems like gold loves playing the technicals and wants to touch 1277-82 before going up
  • #12,878
  • Jul 31, 2014 4:48am Jul 31, 2014 4:48am
hello everyone
i missed yesterday trading day been out all day but was watching hope everyone made green on every trade so today is a new day
hello and here we go start.

just opened my charts waiting the 1299 to start thinking of going short again if the price action was high i might wait the 1304 to 1308 zone
go go gold
and might go long but not feeling sure about it yet
Senior Trader Multi-Account Manager
  • #12,879
  • Jul 31, 2014 5:21am Jul 31, 2014 5:21am
Quoting Catempire
CT and everybody else... Just out of curiosity how many of you use the Ichimoku Kumo as part of your trading strategy? I appreciate any replies
I have never heard of "Ichimoku Kumo" before. But since the name sounded good in my ears I had a look at it through Google search when you posted your question.
I am going to have a look at it. Is it helping you a little bit or is it helping you a lot? Why and how is it helping you?
  • #12,880
  • Jul 31, 2014 5:24am Jul 31, 2014 5:24am
Quoting fortunesaga
{quote} I have never heard of "Ichimoku Kumo". But since the name sounded good in my ears I had a look at it through Google search when you posted your question. I am going to have a look at it. Is it helping you a little bit or is it helping you a lot? Why and how is it helping you?
i do
Senior Trader Multi-Account Manager
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