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  • #14,461
  • Aug 15, 2014 10:16am Aug 15, 2014 10:16am
Quoting waleed.khan
{quote} By end september/october ​https://www.tradingview.com/v/7e2W56nR/ 1290-93 must hold!

waleed... we were so right about yeaterday's comment

1290-1294

  • #14,462
  • Aug 15, 2014 10:18am Aug 15, 2014 10:18am
Be slightly cautious though....

Price is still on the 61/8 fib retracement level (Nothing can go down straight in a line...it has to retrace) Plus price is still under the 8 ema.

Stops below 1290 are valid..

A definite confirmation will come at a break of 1321; but you will get a good R:R in the 1290-1305 area....( never go all in) *there are no guarantees*

Good luck to all!
  • #14,463
  • Aug 15, 2014 10:20am Aug 15, 2014 10:20am
Quoting waleed.khan
Be slightly cautious though.... Price is still on the 61/8 fib retracement level (Nothing can go down straight in a line...it has to retrace). Stops below 1290 are valid.. A definite confirmation will come at a break of 1321; but you will get a good R:R in the 1290-1305 area....( never go all in) *there are no guarantees* Good luck to all!

A Greed
  • #14,464
  • Aug 15, 2014 10:26am Aug 15, 2014 10:26am
Quite a show today, had 13 shorts in the Asian morning, closed 4 @ BE,
pretty day by far


32 longs
41 shorts

NET 9 shorts active

PS: As fellas here know, I've been adding shorts slowly & steadily all this week.
Hello World!
  • #14,465
  • Aug 15, 2014 10:26am Aug 15, 2014 10:26am
Quoting msh310
{quote} waleed... we were so right about yeaterday's comment 1290-1294

haha... yeah!

All credit goes to R.N elliott (atleast from me).

I had a really profitable crude oil trade work out from a month ago...105 to 95 all thanks to elliott!

and now hopefully this one should be a big one! A break of the last top will give me some sort of assurance!
  • #14,466
  • Aug 15, 2014 10:27am Aug 15, 2014 10:27am
im using every single dollar of margin for long
  • #14,467
  • Aug 15, 2014 10:27am Aug 15, 2014 10:27am
Quoting ClockTrader
Quite a show today, had 13 shorts in the Asian morning, closed 4 @ BE, pretty day by far 32 longs 41 shorts NET 9 shorts active PS: As fellas here know, I've been adding shorts slowly & steadily all this week.
Profit realized this month: 0.5%
Floating profit: 15% (app)
Hello World!
  • #14,468
  • Aug 15, 2014 10:30am Aug 15, 2014 10:30am
Quoting wafiqsalameh
im using every single dollar of margin for long
You may or may not succeed at this trade but with that mind set, you will definitely lose your account in the future.
As the lights go by so too do the shadows move
  • #14,469
  • Aug 15, 2014 10:31am Aug 15, 2014 10:31am
I've barely survived that drop on gold and silver ....

I hope that lows have been made ... and we're not goin back.
  • #14,470
  • Aug 15, 2014 10:33am Aug 15, 2014 10:33am
Silver will join the party soon… I just opened a long there.

US mkt is completely toast.
  • #14,471
  • Aug 15, 2014 10:36am Aug 15, 2014 10:36am
Quoting Matts Micro
{quote} You may or may not succeed at this trade but with that mind set, you will definitely lose your account in the future.
Yea, I second your thought. All the time I doubt he has 11 yrs of trading experience.

Its not about winning or losing but respecting MM first. Below is how I see:

 

  1. Survival First (Top Priority)
  2. Make Living (2nd Priority)
  3. Make Killing
  4. ....

One should never forget, if you can survive these markets, you can make money, if you can make money while respecting MM, you can make living too and so on....

Hello World!
  • #14,472
  • Aug 15, 2014 10:39am Aug 15, 2014 10:39am
Quoting ClockTrader
{quote} Yea, I second your thought. All the time I doubt he has 11 yrs of trading experience. Its not about winning or losing but respecting MM first. Below is how I see: Survival First (Top Priority) Make Living (2nd Priority) Make Killing .... One should never forget, if you can survive these markets, you can make money, if you can make money while respecting MM, you can make living too and so on....

All very true. Nothing worse than screwing up on MM then not having the $$ to take advantage of high probability set ups (such as selling US mkt and longing gold-silver a bit earlier)
  • #14,473
  • Aug 15, 2014 10:39am Aug 15, 2014 10:39am
Quoting Matts Micro
{quote} You may or may not succeed at this trade but with that mind set, you will definitely lose your account in the future.

yah,sometimes facts you discover in the market become too good to be true,like everybody say there is nothing %100 at this market,but my opinion and im free with it telling me yes there are thing %100 in this market,so if thats my believe its normal thing to sound crazy to others and my money managment would be bad on others opinion....thats normal act though
  • #14,474
  • Aug 15, 2014 10:43am Aug 15, 2014 10:43am
Quoting wafiqsalameh
{quote} yah,sometimes facts you discover in the market become too good to be true,like everybody say there is nothing %100 at this market,but my opinion and im free with it telling me yes there are thing %100 in this market,so if thats my believe its normal thing to sound crazy to others and my money managment would be bad on others opinion....thats normal act though
You need not stake last $ in your account to double your money in the fastest way possible. Merely risking 1 - 2% and then climbing the ladder, you can double your money within 4 - 8 weeks. If you are a smart trader, you know what I mean.
Hello World!
  • #14,475
  • Aug 15, 2014 10:47am Aug 15, 2014 10:47am
Quoting ClockTrader
{quote} You need not stake last $ in your account to double your money in the fastest way possible. Merely risking 1 - 2% and then climbing the ladder, you can double your money within 4 - 8 weeks. If you are a smart trader, you know what I mean.

what about if i tell you im sure 100% this will close around the opening and by net few days will see it over 1350!!!hey im sure....im not god, but im sure
  • #14,476
  • Aug 15, 2014 10:48am Aug 15, 2014 10:48am
Quoting wafiqsalameh
{quote} what about if i tell you im sure 100% this will close around the opening and by net few days will see it over 1350!!!hey im sure....im not god, but im sure

Hope so.. I'm trying not to get too aggressive but I really do think we're going to see 1350 rather soon as well…… and Silver is going to explode very soon!
  • #14,477
  • Aug 15, 2014 10:48am Aug 15, 2014 10:48am
We just might have one more leg down to retest the support area...

This pattern was a double Abc flat... where the last wave was a zigzag; which might see its 5th down leg but I suspect it will be truncated and not go beyond or if it does then 1290 should hold....

*also look at the volumes on the hourly chart; they seem to have dwarfed everything in recent month* (These are good signs)
  • #14,478
  • Aug 15, 2014 10:49am Aug 15, 2014 10:49am
Quoting Ck87
The bull most likely begins now for gold and the bear begins now for US mkt...
Seems to me that you are one of the market makers
  • #14,479
  • Aug 15, 2014 10:50am Aug 15, 2014 10:50am
Must clear the 1306 level and head to 1311……… we could. revisit 1300 if we do that is where I will likely be adding.
  • #14,480
  • Aug 15, 2014 10:50am Aug 15, 2014 10:50am
ct i hope when u get my 11 years experience that(u keep repeating to me) to know more than what i know about gold
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