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  • #13,421
  • Aug 5, 2014 11:09pm Aug 5, 2014 11:09pm
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As the lights go by so too do the shadows move
  • #13,422
  • Aug 5, 2014 11:28pm Aug 5, 2014 11:28pm
Quoting ClockTrader
{quote} When price hit the 1340 range I was badly frustrated, the no. of longs I had was like 20, hedging 10 would have left me with 10 longs I need loads of longs to hedge effectively. Now I'm good with 40 longs. My Strategy: I'll try my best to never close longs, neither in loss nor in profit (except nominal), if its about monthly pay-packet, I'll try to make cash by closing GREEN SHORTS!
Do you open as many shorts as longs as well?
  • #13,423
  • Aug 5, 2014 11:30pm Aug 5, 2014 11:30pm
Quoting ClockTrader
{quote} monthly pay-packet
Monthly Pay packet... I like that! sounds very mafioso!
  • #13,424
  • Aug 5, 2014 11:41pm Aug 5, 2014 11:41pm
Quoting waleed.khan
{quote} Monthly Pay packet... I like that! sounds very mafioso!
This whole thing called Forex sometimes appears to me like Under-World or lets say Under-Universe..

This can be too ugly, ask that trader who lost collateral in Forex. Its more dirty than one can imagine..
Hello World!
  • #13,425
  • Aug 6, 2014 1:05am Aug 6, 2014 1:05am
Quoting ronelprinslo
{quote} Do you open as many shorts as longs as well?
I will try not to unless there is a compelling reason.
Hello World!
  • #13,426
  • Aug 6, 2014 1:07am Aug 6, 2014 1:07am
So far, not bad. Sun is rising in London. I'd be patient and watch the show until NY morning before planning further action..
Hello World!
  • #13,427
  • Aug 6, 2014 1:42am Aug 6, 2014 1:42am
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  • #13,428
  • Aug 6, 2014 2:44am Aug 6, 2014 2:44am
gold is under selling pressure which can be seen in volume, i'm expecting a spike (trap) and then lower prices, any thoughts?
I recommend you read something else as this sentence is now concluded.
  • #13,429
  • Aug 6, 2014 3:10am Aug 6, 2014 3:10am
Made a quick profit during Tokyo session. IMO, it's guning the stop losses clustered around spike high (previous day high and Weekly pivot above) before it make a major decision.

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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #13,430
  • Aug 6, 2014 3:12am Aug 6, 2014 3:12am
Quoting Obaidah
gold is under selling pressure which can be seen in volume, i'm expecting a spike (trap) and then lower prices, any thoughts?
do you got suscription with tenfore for volume matter or just metatrader volume?
  • #13,431
  • Aug 6, 2014 3:17am Aug 6, 2014 3:17am
Quoting wafiqsalameh
{quote} do you got suscription with tenfore for volume matter or just metatrader volume?
no but i watch volume data from several brokers which most of the time gives a good clue about whats going on
I recommend you read something else as this sentence is now concluded.
  • #13,432
  • Aug 6, 2014 3:17am Aug 6, 2014 3:17am
Quoting Obaidah
gold is under selling pressure which can be seen in volume, i'm expecting a spike (trap) and then lower prices, any thoughts?
I see way up to R1 (1294 area) and then down at least 1288 (Pivot).

p: open sell
  • #13,433
  • Aug 6, 2014 3:27am Aug 6, 2014 3:27am
Quoting amir558
{image}
You cud be right.... but im of the opinion according to my assessment at least that we will see a mid nineties price during today before retracing back to 1280 or thereabouts, prob in the next day or so I think. At which point I plan to enter long when I see an appropriate candle that complies with my style of trading, to target a price of 1320 plus....we will see!
  • #13,434
  • Aug 6, 2014 3:27am Aug 6, 2014 3:27am
The reports i have read have suggested silver down and the chart pattern would suggest this too. i am looking at the daily bullish divergence however and also what happened last time pa was oversold. a gentle pullback (C/H like) may recover the oversold level but imo there is a possibility for bulls to emerge.
As the lights go by so too do the shadows move
  • #13,435
  • Aug 6, 2014 3:29am Aug 6, 2014 3:29am
Quoting Iztok
{quote} I see way up to R1 (1294 area) and then down at least 1288 (Pivot). p: open sell
already holding small one but not feeling great with it because of Russia last move because maybe we'll see risk averse in US session.
I recommend you read something else as this sentence is now concluded.
  • #13,436
  • Aug 6, 2014 3:33am Aug 6, 2014 3:33am
i dont think the price will go under 1287.20 today....and like i said,the daily middle has to be over 1290.2 and tomorrows middle over 1298
  • #13,437
  • Aug 6, 2014 3:40am Aug 6, 2014 3:40am
Quoting Matts Micro
The reports i have read have suggested silver down and the chart pattern would suggest this too. i am looking at the daily bullish divergence however and also what happened last time pa was oversold. a gentle pullback (C/H like) may recover the oversold level but imo there is a possibility for bulls to emerge.
Silver is on my radar also, and I tend to agree with ur view that silver will move/is upwards....I currently have 1 long in place at present 19.85 and am targeting 20.5 at least
  • #13,438
  • Aug 6, 2014 3:41am Aug 6, 2014 3:41am
The same thing... short players playing with longs like a ball(loosers)... In my opinion everybody should sell to win
No matter how much you know, your words worth only as much as the other per
  • #13,439
  • Aug 6, 2014 3:55am Aug 6, 2014 3:55am
expecting fall down to atleast the daily support @1282 before rise... although may put a buy stop @1296 in case something kicks off unexpectedly
  • #13,440
  • Aug 6, 2014 3:55am Aug 6, 2014 3:55am
seeing the price having diffulties staying under 1290.2
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