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  • #13,021
  • Aug 1, 2014 2:37am Aug 1, 2014 2:37am
[quote=iaveight;7644891]{quote} I am not a fundamental trader, I am a chartist / tech trader. Of course news may change things in the very short term but never have a lasting effect on the long term charts - fundamentals mislead, turning the news off gave me greater gains in forex by just using tech analysis.....[/quote

im not much of a fundi either but it's clear if there is no demand for our resources then the mining booms not about to kick in again. This is basically how the fundamentals work, though I'm certainly no expert.
As the lights go by so too do the shadows move
  • #13,022
  • Aug 1, 2014 2:41am Aug 1, 2014 2:41am
Quoting ClockTrader
{quote} Glad to see you around :-)
Hey champ,

Could not resist, not playing gold much right now but hard to stay away from the thread.. provides a good base and correlation to other currency pairs.
Shhh.. but having super fun shorting USD/RUB at the moment, the swap is mind blowing. Just don't long.. a 0.5 lot will net you a -$54 (take head of the negative) per day... OUCH..
A genius is born every minute, me I am lucky if my socks match.
  • #13,023
  • Aug 1, 2014 2:44am Aug 1, 2014 2:44am
Quoting whackdiddy
{quote} Hey champ, Could not resist, not playing gold much right now but hard to stay away from the thread.. provides a good base and correlation to other currency pairs. Shhh.. but having super fun shorting USD/RUB at the moment, the swap is mind blowing. Just don't long.. a 0.5 lot will net you a -$54 (take head of the negative) per day... OUCH..
:-)
Hello World!
  • #13,024
  • Aug 1, 2014 2:47am Aug 1, 2014 2:47am
[quote=Matts Micro;7644908]
Quoting iaveight
{quote} I am not a fundamental trader, I am a chartist / tech trader. Of course news may change things in the very short term but never have a lasting effect on the long term charts - fundamentals mislead, turning the news off gave me greater gains in forex by just using tech analysis.....[/quote im not much of a fundi either but it's clear if there is no demand for our resources then the mining booms not about to kick in again. This is basically how the fundamentals work, though I'm certainly no expert.
Its a normal cycle in the charts no indicator in my opinion predict price as they all LAG, when these so called experts on CNN bloomberg ect predict prices and they come true its all about FIBS - FIBS can accurately predict price in the future - its the only leading indicator IMO

We are all different and have different thoughts, its what ever works, news to me is pure crap put out to mislead us in our decisions.....

How many believe the airliner is really missing???? Need I say more
  • #13,025
  • Aug 1, 2014 2:56am Aug 1, 2014 2:56am
[quote=Matts Micro;7644908]
Quoting iaveight
{quote} I am not a fundamental trader, I am a chartist / tech trader. Of course news may change things in the very short term but never have a lasting effect on the long term charts - fundamentals mislead, turning the news off gave me greater gains in forex by just using tech analysis.....[/quote im not much of a fundi either but it's clear if there is no demand for our resources then the mining booms not about to kick in again. This is basically how the fundamentals work, though I'm certainly no expert.
My point is Matt, you open a business before the demand is there so you are in ground floor not when its at its peak, all business work the same way, dont buy at the top and sell at the bottom, dont open a business at the peak of the boom, gold will of course come back and break previous highs in the future IMO
  • #13,026
  • Aug 1, 2014 3:02am Aug 1, 2014 3:02am
Hi Folks i Was Reading your posts but Was not Sign in,Now I Decide to Share My own view too,my View is totaly bearish on Gold Because i read Some Survey Reports And other Stuff About NFP here I M Attaching this link And Also my Chart...For Me 1286.73 Is Panic button if price Cross This level then I h And Iave A pending Order To buy And if unable to break then i M bearish.

http://www.marketwatch.com/story/sma...nth-2014-07-31
Attached Image (click to enlarge)
Click to Enlarge Name: gold friday 1 august 2014 noon.jpg Size: 166 KB
  • #13,027
  • Aug 1, 2014 3:32am Aug 1, 2014 3:32am
Hello every one and good morning (صباح الخير جميعا)

Is everyone ready for the nfp today watch out boys its very tricky today
better to trade small around news time keep a good MM on ur platfurm.

now from the last 2 trades i made yesterday long @ 1287.8 and 1281.8 iam now almost even
so ill keep my eyes for like 4 to 6 dollars move on my side ill close all
hope that would happen before news time
now at that time if i saw price action is moving to my side ill but my SL to break even
and let it go aiming to close all arround the 1300 zone if that didnt happen
the sl will hit cuz gold may reach the 1250 in a down move
and i dont wanna see it there honestly with an open trades lool (",)
Senior Trader Multi-Account Manager
  • #13,028
  • Aug 1, 2014 3:33am Aug 1, 2014 3:33am
Reach my 1285.xx now wait till 1288.xx (hopefully it will be there before nfp).
Then fall to 1278/5. Then op buy there.

Just my 2cents
row row row your boat
  • #13,029
  • Aug 1, 2014 3:35am Aug 1, 2014 3:35am
Ah i for get to tell about that shooting star on 4h time frame its tricky too
Senior Trader Multi-Account Manager
  • #13,030
  • Aug 1, 2014 3:53am Aug 1, 2014 3:53am
Gold never fall!
  • #13,031
  • Aug 1, 2014 3:58am Aug 1, 2014 3:58am
closed my gold short position. now waiting for today show to begin. side line till the unemployment data come out.

currently too much hype on how usa is recovering. if missed expectation or higher than expectation would cause the market to swing like there is no tomorrow dont think my little old heart can take it.
  • #13,032
  • Aug 1, 2014 4:27am Aug 1, 2014 4:27am
expected fall to 1283.35
  • #13,033
  • Aug 1, 2014 4:42am Aug 1, 2014 4:42am
[quote=iaveight;7644946]
Quoting Matts Micro
{quote} My point is Matt, you open a business before the demand is there so you are in ground floor not when its at its peak, all business work the same way, dont buy at the top and sell at the bottom, dont open a business at the peak of the boom, gold will of course come back and break previous highs in the future IMO
Yah this true. Imo this can be done in fundamentals too by watching reports etc but I am far from that level. I am a TA too and finding the "bottom level" is always the aim for every trader.
As the lights go by so too do the shadows move
  • #13,034
  • Aug 1, 2014 5:50am Aug 1, 2014 5:50am
i placed order to close all my long @ 1286.2 cuz i wont be @ news time
see u all later when i back
Senior Trader Multi-Account Manager
  • #13,035
  • Aug 1, 2014 6:14am Aug 1, 2014 6:14am
Just opened a small long. Not expecting to hold for long as the weekly is looking heavy. Merely trying to catch a small bounce.

Mitch
  • #13,036
  • Aug 1, 2014 6:20am Aug 1, 2014 6:20am
Quoting Mitchoss
Just opened a small long. Not expecting to hold for long as the weekly is looking heavy. Merely trying to catch a small bounce. Mitch
what are you considering in terms of TP for this trade?
  • #13,037
  • Aug 1, 2014 6:35am Aug 1, 2014 6:35am
Quoting Mitchoss
Just opened a small long. Not expecting to hold for long as the weekly is looking heavy. Merely trying to catch a small bounce. Mitch
Small long is 2.5 lots..? Mate you have too much money
A 1 pip gain is better than a 1 pip loss.
  • #13,038
  • Aug 1, 2014 6:40am Aug 1, 2014 6:40am
The last time we had the 1st of the month to land on a Friday during NFP was 1st June 2012 and we had a $80 spike.... Wonder if history repeats itself....
Just wanted to share the observation.... thats all... GL all
  • #13,039
  • Aug 1, 2014 6:46am Aug 1, 2014 6:46am
Quoting Rulez
The last time we had the 1st of the month to land on a Friday during NFP was 1st June 2012 and we had a $80 spike.... Wonder if history repeats itself.... Just wanted to share the observation.... thats all... GL all
Actually, it was 1st February 2013... The high that day was 1681.89 and the low was 1659.79...
Itchy Spirit Return This Year: na
  • #13,040
  • Aug 1, 2014 6:49am Aug 1, 2014 6:49am
Quoting Spiritwalker
{quote} Actually, it was 1st February 2013... The high that day was 1681.89 and the low was 1659.79...
Yes - You are right - missed that one - in any case - up or down - I am expecting a huge move today
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