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Only Gold!

  • #13,141
  • Aug 3, 2014 9:03pm Aug 3, 2014 9:03pm
I entry Buy Stop at 1296 S/L 1292 Target 1306 and 1312
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  • #13,142
  • Aug 3, 2014 9:27pm Aug 3, 2014 9:27pm
Added shorts

39 longs
8 shorts now

SL for shorts @ 1300 for the ones lying around 1291
SL @ BE for 2 shorts (top layer)


Quoting ClockTrader
Just opened 2 shorts @ 1292 with SL @ 1306, if these get stopped I would be sacrificing part profit made from shorts last week.. had closed one short in low 1280ish and 2 shorts @ 1291 Might open 2-4 more shorts later, don't mind sacrificing all the profit from shorts (last week) as long as it keeps climbing. Over all I am gung ho about longs, but, would like to play safe and slow as there may be hiccups today / tomorrow 39 longs 4 shorts PS: About a month back there were like a dozen fellas here who disliked hedging for its ineffective usage, I...
Hello World!
  • #13,143
  • Aug 3, 2014 9:36pm Aug 3, 2014 9:36pm
Still bullish on gold.....seeing breaking most or all the resistances today,on friday gold broke the upper side resistance on 4 hr chart @1293.5,this break has some juice we didnt see yet
  • #13,144
  • Aug 3, 2014 9:37pm Aug 3, 2014 9:37pm
The attached SS shows highlighted region which is my area of focus for today and tomorrow..
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  • #13,145
  • Aug 3, 2014 9:37pm Aug 3, 2014 9:37pm
Quoting Mitchoss
Well, friday proved that even letting my discipline slip slightly has missed me an opportunity at a quick buck. The longs I opened friday night hit my TP of 20.5, but I was too eager to see if we would get higher as gold was holding strong, however silver got slapped back down and that resulted in handing back the small profit I had unrealised. This is a lesson well learnt and thought I would share that experience with the group, as it is the first time I have lacked the discipline and gone against my system in 12months, and it showed me why I need...

Saw your weekend trades turning into green mitchoss , It was earlier in profit on friday with markets tanking and gold rally I thought will take out 1300 and silver sub 20.60 levels. lessons learnt as you said. good luck!
Scoobi doobi doo
  • #13,146
  • Aug 3, 2014 9:41pm Aug 3, 2014 9:41pm
Quoting Catempire
{quote} Surely hedging is best used for shorter movements against your positions ie: if you thought the price was headed to 1100 theen you would close the longs and go short but as you see it the trend is up and probably won't drop bellow 1240. I personally think we will start to get a healthy correction north beginning of september and hopefully can hold the gains over 1400 this time. Have a good week.
> if you thought the price was headed to 1100 theen you would close the longs and go short

----> Thats not how it works for me, I would not close longs, but, open shorts against my longs. How would hedging even take place without longs and shorts both in place?
Hello World!
  • #13,147
  • Aug 3, 2014 9:56pm Aug 3, 2014 9:56pm
Short around 1303. Let see whether it will climb there before fall or fall before it reaches it target
row row row your boat
  • #13,148
  • Aug 3, 2014 9:57pm Aug 3, 2014 9:57pm
Long term support on hourly chart ,dont thik will see an hour with a middle under 1291.93
  • #13,149
  • Aug 3, 2014 10:06pm Aug 3, 2014 10:06pm
can anyone help me on this?

my funds were all eaten up.

what do they mean by 'spread widens'?

from what i can remember, i have at least 179% + margin...


Thank you for your email. Your trades were liquidated by us due to the face that your margin level was lower than 20%.

You had 4.2 lots of short gold and 3.9 lots of long gold. Due to the spread was widen at the market opens, your buy trade was firstly liquidated.
can be found where TROUBLE is
  • #13,150
  • Aug 3, 2014 10:09pm Aug 3, 2014 10:09pm
kenna of disturbing to me that gold is only moving 20 dollars up and down daily... even IRAQ and RUSSIA/CRIMEA crisis are not pushing it up much. either the lack of volume is sign that something big is coming or investors are just sick of playing with precious metal.

either way i'm staying out of precious metal for a few more months. no sense trying to earn a few bucks in a low volume market. better off using the time to do something more relaxing haha
  • #13,151
  • Aug 3, 2014 10:11pm Aug 3, 2014 10:11pm
Quoting ClockTrader
{quote} > if you thought the price was headed to 1100 theen you would close the longs and go short ----> Thats not how it works for me, I would not close longs, but, open shorts against my longs. How would hedging even take place without longs and shorts both in place?
think he meant to free up some margin... not everyone have near infinity margin haha
  • #13,152
  • Aug 3, 2014 10:20pm Aug 3, 2014 10:20pm
Quoting troublemaker
can anyone help me on this? my funds were all eaten up. what do they mean by 'spread widens'? from what i can remember, i have at least 179% + margin... Thank you for your email. Your trades were liquidated by us due to the face that your margin level was lower than 20%. You had 4.2 lots of short gold and 3.9 lots of long gold. Due to the spread was widen at the market opens, your buy trade was firstly liquidated.

Read below. This 'spread widening at market open' happens and nearly all brokers that I'm aware of warn about this......

Exchange rate spreads – the difference between the bid and the ask price – are of utmost importance and directly affect the profitability of each trade. You need to be aware that spread differentials can fluctuate wildly during the day – sometimes to the point of turning a profitable trade into a losing one.
You also need to understand that forex spreads will widen during off-market hours when volumes and liquidity are lower. In addition, spreads tend to widen ahead of important news such as an impending interest rate decision or the latest employment results.

http://fxtrade.oanda.com/learn/top-1...ers-lose-money
Doing what you like is Freedom. Liking what you do is Happiness.
  • #13,153
  • Aug 3, 2014 10:22pm Aug 3, 2014 10:22pm
Quoting ohguowei
kenna of disturbing to me that gold is only moving 20 dollars up and down daily... Even iraq and russia/crimea crisis are not pushing it up much. Either the lack of volume is sign that something big is coming or investors are just sick of playing with precious metal. Either way i'm staying out of precious metal for a few more months. No sense trying to earn a few bucks in a low volume market. Better off using the time to do something more relaxing haha

every bank or forex ins. Has its own rules about liquidation the account,some are at zero equity,some at %5 or %10 or %20.margin level is the equity value in your account devided by the total real value of the position you carrying in your account.what it looks like to me that you had a margin level of %21,and there rules to liquidate the account at margin %20,so the movement of the price against your position or the widening of gold spread that made your equity %1 less,can cause the liquidation......SORRY QUOTING TROUBLEMAKER
  • #13,154
  • Aug 3, 2014 10:28pm Aug 3, 2014 10:28pm
Quoting wafiqsalameh
{quote} every bank or forex ins. Has its own rules about liquidation the account,some are at zero equity,some at %5 or %10 or %20.margin level is the equity value in your account devided by the total real value of the position you carrying in your account.what it looks like to me that you had a margin level of %21,and there rules to liquidate the account at margin %20,so the movement of the price against your position or the widening of gold spread that made your equity %1 less,can cause the liquidation......SORRY QUOTING TROUBLEMAKER
hahaha
  • #13,155
  • Aug 3, 2014 10:29pm Aug 3, 2014 10:29pm
hmmm..

the difference of my positions are 4.2 short and 3.9 long.

so that makes it 0NLY 0.3 lot in difference. my margin is around 170% ----- dropped to 19% by spreads ? lol.....

daylight robbery i'd say.
can be found where TROUBLE is
  • #13,156
  • Aug 3, 2014 10:31pm Aug 3, 2014 10:31pm
Quoting troublemaker
hmmm.. the difference of my positions are 4.2 short and 3.9 long. so that makes it 0NLY 0.3 lot in difference. my margin is around 170% ----- dropped to 19% by spreads ? lol..... daylight robbery i'd say.
that is alot of lots, u using x200 leverage?
  • #13,157
  • Aug 3, 2014 10:33pm Aug 3, 2014 10:33pm
no...x100.

any broker that you guys can reccomend to me ? lol...
can be found where TROUBLE is
  • #13,158
  • Aug 3, 2014 11:10pm Aug 3, 2014 11:10pm
Quoting ohguowei
{quote} think he meant to free up some margin... not everyone have near infinity margin haha
dude, in my case its not infinity but good MM
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  • #13,159
  • Aug 3, 2014 11:54pm Aug 3, 2014 11:54pm
Quoting troublemaker
no...x100. any broker that you guys can reccomend to me ? lol...

Go with LMAX Institutional exchange -FSA Regulated, they are not retail broker . Your funds will be safe plus no gimmicks or cheap tricks done. max leverage they offer is 100:1
Scoobi doobi doo
  • #13,160
  • Aug 4, 2014 12:03am Aug 4, 2014 12:03am
Quoting Scoobidoobi
{quote} Go with LMAX Institutional exchange -FSA Regulated, they are not retail broker . Your funds will be safe plus no gimmicks or cheap tricks done. max leverage they offer is 100:1


Awesome!!
Hello World!
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