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  • #14,761
  • Aug 20, 2014 2:50am Aug 20, 2014 2:50am
Quoting ClockTrader
{quote} took 1 long @ 1294 with SL @ 1289 Logic: bottom out on M30 (VSA)
added 1 more

NET: 2 longs..
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  • #14,762
  • Aug 20, 2014 2:52am Aug 20, 2014 2:52am
Standard Bank SA - The SA Daily (pages 3 & 4 high lighted)
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  • #14,763
  • Aug 20, 2014 2:53am Aug 20, 2014 2:53am
Looks like a hard sell off to 1280 area may be coming..
  • #14,764
  • Aug 20, 2014 2:55am Aug 20, 2014 2:55am
Quoting Ck87
Looks like a hard sell off to 1280 area may be coming..
If that happens now I wonder what will happen on Thu and Fri? with loads of hot data coming..
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  • #14,765
  • Aug 20, 2014 2:59am Aug 20, 2014 2:59am
Quoting ClockTrader
{quote} added 1 more NET: 2 longs..
Come on, bounce a little, climb more.. you know what Daddy wants..

Show us what you got?
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  • #14,766
  • Aug 20, 2014 3:04am Aug 20, 2014 3:04am
Quoting ClockTrader
{quote} If that happens now I wonder what will happen on Thu and Fri? with loads of hot data coming..

FOMC will be the main mover I'd think?

Just feel like if this thing's really going to take off, the stops have to be taken out first… Maybe a hard dip right below 1280 sometime in the next 12 hours and then an immediate spike upward … I will be waiting to go long.

Everything seems to be coinciding as well for the short term…. EU/GU short term bottom seems to be near, UJ short term top….. Stock mkt short term top should be near…..

and then we have gold and silver which could very well be bottoming short term very soon….!

A sharp sell off to -1280 would be perfect… could even go lower of course but I think that would be a nice area to start buying… for all we know gold could have already bottomed around here, I really don't know
  • #14,767
  • Aug 20, 2014 3:10am Aug 20, 2014 3:10am
Quoting ClockTrader
{quote} Even if a trader went into loss at the end of month, its alright IF He lost only pocket money (not much) He learnt from his mistakes and there were huge improvements in this trades.
Hi CT
I'm over exposed right now hedging both shorts and longs. Net 0
Not in loss and looking forward to visit 1288 so shorts will close BE
  • #14,768
  • Aug 20, 2014 3:17am Aug 20, 2014 3:17am
Quoting Ck87
{quote} FOMC will be the main mover I'd think? Just feel like if this thing's really going to take off, the stops have to be taken out first… Maybe a hard dip right below 1280 sometime in the next 12 hours and then an immediate spike upward … I will be waiting to go long. Everything seems to be coinciding as well for the short term…. EU/GU short term bottom seems to be near, UJ short term top….. Stock mkt short term top should be near….. and then we have gold and silver which could very well be bottoming short term very soon….! A sharp sell off...
the last few FOMC did nothing much to gold price, wont actually bet on anything new coming from Fed.

the most they can do is hike interest rate(hard to go down any lower)... now that would really be a show to behold.
  • #14,769
  • Aug 20, 2014 3:32am Aug 20, 2014 3:32am
Yea, a bounce to kill the sellers, this is what I'm looking at, thats why took 2 longs with SL @ 1289, kinda risky test.

At the same time I do expect stormy sessions tomorrow and day after, needless to say spikes in South will occur too, once it kools down, I'd like to buy (invest).

Perhaps invest on Fri and Mon w/o SL. Too early to think on those lines..

A 10 $ fall today and 10 - 20 $ fall by weekend does not fit in my analysis.



Quoting Ck87
{quote} FOMC will be the main mover I'd think? Just feel like if this thing's really going to take off, the stops have to be taken out first… Maybe a hard dip right below 1280 sometime in the next 12 hours and then an immediate spike upward … I will be waiting to go long. Everything seems to be coinciding as well for the short term…. EU/GU short term bottom seems to be near, UJ short term top….. Stock mkt short term top should be near….. and then we have gold and silver which could very well be bottoming short term very soon….! A sharp sell off...
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  • #14,770
  • Aug 20, 2014 3:33am Aug 20, 2014 3:33am
Quoting Karpa
{quote} Hi CT I'm over exposed right now hedging both shorts and longs. Net 0 Not in loss and looking forward to visit 1288 so shorts will close BE
Hedging can be very very tough and challenging, make sure you respect MM from the depths of your heart and take tons of patience pills.

I dreamed of hedging & tried it for several years before I could make anything out it.
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  • #14,771
  • Aug 20, 2014 3:39am Aug 20, 2014 3:39am
good morning all
Senior Trader Multi-Account Manager
  • #14,772
  • Aug 20, 2014 3:45am Aug 20, 2014 3:45am
Quoting capetown
{quote} Hello..from were You have this picture?? Same picture is sending to me..broker from Poland...XTB
Mostly all brokers have same to share with clients..... FXCM and HotForex are also forwarding this to clients..... I have dig out the root source and that is www.tradingcentral.com It is the company which provides analysis and all of these brokers are forwarding those to clients with their names.

Azfar
  • #14,773
  • Aug 20, 2014 3:54am Aug 20, 2014 3:54am
I'll tweak the SLs of some shorts in order to maximize profits and then wait for NY morning..
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  • #14,774
  • Aug 20, 2014 3:57am Aug 20, 2014 3:57am
Quoting Matts Micro
{quote} The blue lines are key imo. A closed hourly break of any of these blue lines should confirm at the bare minimum a st trend but with likelihood of longer term consequences. {image}
Had a break of the quoted lower blue TL.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd #38.png Size: 29 KB
As the lights go by so too do the shadows move
  • #14,775
  • Aug 20, 2014 3:58am Aug 20, 2014 3:58am
Quoting lorix
good morning all
A good morning to you too
  • #14,776
  • Aug 20, 2014 4:01am Aug 20, 2014 4:01am
Quoting ClockTrader
I'll tweak the SLs of some shorts in order to maximize profits and then wait for NY morning..
maximize possible profit from shorts just in case it climbs higher, close to 1300 or above....

PS: Auto Close shorts in green, then sell again if I see a peak out, most likely a peak out shall be there if it climbs higher than 1300
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  • #14,777
  • Aug 20, 2014 4:08am Aug 20, 2014 4:08am
Quoting ronelprinslo
{quote} A good morning to you too
how are you buddy and how is ur trading going
Senior Trader Multi-Account Manager
  • #14,778
  • Edited 6:19am Aug 20, 2014 4:08am | Edited 6:19am
As I see this might hit 1290 (50%) on Fib Expansion today or may even head to 1282 (61.8%) / On a Daily chart

Attached Image (click to enlarge)
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Gagz
  • #14,779
  • Aug 20, 2014 4:14am Aug 20, 2014 4:14am
The market is testing resistance at 1292 waiting to see reversal signals in order to reinstate SHORT positions next important resistance
the 1301 level
Senior Trader Multi-Account Manager
  • #14,780
  • Aug 20, 2014 4:19am Aug 20, 2014 4:19am
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDDaily.png Size: 56 KB
Senior Trader Multi-Account Manager
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