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Only Gold!

  • #13,221
  • Aug 4, 2014 8:20pm Aug 4, 2014 8:20pm
the price now 1288.50.....i give it only 1% chance to see a middle under 1287.72 on 4hr chart not even for one second
  • #13,222
  • Aug 4, 2014 8:22pm Aug 4, 2014 8:22pm
Quoting wafiqsalameh
besides...daily support at 1287.75,and the 1285.98 was the 4 hr support
Quoting wafiqsalameh
its still looking so bullish,the hour chart acted strange yesterday,so for forcing the price very much down to the 4hr support,i decided to leave my longs without take profit,sensing the daily resistance will be broken without the price coming back to 4 hr support (again)...daily res. for today 1301.05
You were adding long lots on every 10-20 cent movement, that's the reason I asked you about your experience in Forex (Gold) trading yesterday.
Hello World!
  • #13,223
  • Aug 4, 2014 8:28pm Aug 4, 2014 8:28pm
you right about that,feel so bad about what happend yesterday and about not having margin to carry from here,but if yesterday come again i would do the same thing,things happen sometimes but not most the times
  • #13,224
  • Aug 4, 2014 8:30pm Aug 4, 2014 8:30pm
Quoting ClockTrader
{quote} {quote} You were adding long lots on every 10-20 cent movement, that's the reason I asked you about your experience in Forex (Gold) trading yesterday.
oh ya, that barely cover the spread between each long. my platform got a 25 pip/cent spread.
  • #13,225
  • Aug 4, 2014 8:32pm Aug 4, 2014 8:32pm
Have been lurking on the sidelines for some time now, trying to learn from the experienced traders in this forum. I have been trading forex for some time but only recently have had a go at trading gold.
From my observations so far, it appears that the Asian session is not a good session to trade (unless scalping) as the price normally is rangebound. I have also observed that The US session always moves better than the London session. Any experienced traders care to comment?
Greg
  • #13,226
  • Aug 4, 2014 8:33pm Aug 4, 2014 8:33pm
if my account is flat i would take the full equity here @1288.5,without waiting a 50 cent slide(that was coz hourly chart)
  • #13,227
  • Aug 4, 2014 8:34pm Aug 4, 2014 8:34pm
paper trade... most of the trade for metal is base on paper. USA run alot of paper trade, future option etf etc

think if i remember correctly, physical trade is around 1% or less of the total amount of trades made for gold.
  • #13,228
  • Aug 4, 2014 8:39pm Aug 4, 2014 8:39pm
Quoting gregben
Have been lurking on the sidelines for some time now, trying to learn from the experienced traders in this forum. I have been trading forex for some time but only recently have had a go at trading gold. From my observations so far, it appears that the Asian session is not a good session to trade (unless scalping) as the price normally is rangebound. I have also observed that The US session always moves better than the London session. Any experienced traders care to comment? Greg
As for PA, Asian session is usually dead. Att. ss might help.
Attached Image
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  • #13,229
  • Aug 4, 2014 8:41pm Aug 4, 2014 8:41pm
Quoting ClockTrader
{quote} As for PA, Asian session is usually dead. Att. ss might help. {image}
Thankyou
  • #13,230
  • Aug 4, 2014 8:50pm Aug 4, 2014 8:50pm
Quoting wafiqsalameh
the price now 1288.50.....i give it only 1% chance to see a middle under 1287.72 on 4hr chart not even for one second
and i think not suppose to go below 1288.15 this 4 hor,now its 1288.21
  • #13,231
  • Aug 4, 2014 8:52pm Aug 4, 2014 8:52pm
Quoting wafiqsalameh
{quote} and i think not suppose to go below 1288.15 this 4 hor,now its 1288.21
You have 11 yrs of experience, right?

The community here expects more than what your posts say. I would appreciate if your analysis looked more substantial.
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  • #13,232
  • Aug 4, 2014 8:59pm Aug 4, 2014 8:59pm
the comunity want the whole thing?
  • #13,233
  • Aug 4, 2014 9:04pm Aug 4, 2014 9:04pm
Quoting wafiqsalameh
the comunity want the whole thing?
People come here to learn from their seniors and share / contribute. Merely posting 10 x one liners every hr won't help unless it makes lots of sense.
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  • #13,234
  • Aug 4, 2014 9:07pm Aug 4, 2014 9:07pm
my bad ,i thought it would help,im sorry,wont do that again
  • #13,235
  • Aug 4, 2014 9:08pm Aug 4, 2014 9:08pm
I might wanna tweak the SLs by London/NY morning. Looks like the market is committed to snatch some of the profits I made last week. My shorts look vulnerable.

Patterns look unpredictable, hard to speculate this Asian morning, maybe London/NY morning shows the course.
Attached Image
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  • #13,236
  • Aug 4, 2014 9:56pm Aug 4, 2014 9:56pm
Silver.. I'll go short again around 20.80
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Click to Enlarge Name: XAGUSDDaily.png Size: 42 KB
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  • #13,237
  • Aug 4, 2014 10:01pm Aug 4, 2014 10:01pm
Gold...I'll go short again around 1290.70
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Click to Enlarge Name: XAUUSDDaily.png Size: 46 KB
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  • #13,238
  • Aug 4, 2014 10:32pm Aug 4, 2014 10:32pm
Quoting Superchor
{quote} Well I think the only gold seasons responsible for the prices to rise in India since long time are festivals (Diwali) and Marriage season ( starts somewhere around diwali and ends in Feb-March...
Thanks Superchor! Quite an insight.
Gagz
  • #13,239
  • Aug 4, 2014 11:52pm Aug 4, 2014 11:52pm
Quoting ClockTrader
{quote} People come here to learn from their seniors and share / contribute. Merely posting 10 x one liners every hr won't help unless it makes lots of sense.
Which is why I have already ignored him. His posts are not helping in anyway at all.
A 1 pip gain is better than a 1 pip loss.
  • #13,240
  • Aug 5, 2014 12:06am Aug 5, 2014 12:06am
Quoting aeternum
{quote} Which is why I have already ignored him. His posts are not helping in anyway at all.
Yea, I have been observing how people were reacting to his posts.
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