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  • #14,821
  • Aug 20, 2014 10:11am Aug 20, 2014 10:11am
Quoting Matts Micro
{quote} Took you up on this. 30 seconds later I have this: {quote} Reached halfway to your target and if your position is still open it will be now in a loss. I haven't heard such a stupid comment for a while. Bravo to the stupid
whatever you assume the current price is another slap on your face
  • #14,822
  • Aug 20, 2014 10:21am Aug 20, 2014 10:21am
Quoting ClockTrader
So, fellas, are we going to see 1280ish today? What do you say?

Hmmm.. if PA could climb-up to 1296 again.. Nope.
  • #14,823
  • Aug 20, 2014 10:24am Aug 20, 2014 10:24am
Quoting ClockTrader
So, fellas, are we going to see 1280ish today? What do you say?
Need a spike up 1st mate (",)
Senior Trader Multi-Account Manager
  • #14,824
  • Aug 20, 2014 10:31am Aug 20, 2014 10:31am
Quoting andexQ
{quote} Hmmm.. if PA could climb-up to 1296 again.. Nope.
Quoting lorix
{quote} Need a spike up 1st mate (",)
Quoting yunghan
{quote} I think it should be just ranging between 1290 to 1300 before FOMC meeting minutes. Should have a clearer view after that
If I go by the patterns forming around the bottom 1291-92, we are most likely going to see 1280ish, its kissing that area, bouncing a bit and coming back over and over again..

IF the price doesn't fall below 1291 by 01:00 pm NY (EST), we can hope of a price sustaining above 1290

In either case, fall looks inevitable.

I would better be prepared for a fall instead of spike in North.
Hello World!
  • #14,825
  • Aug 20, 2014 10:40am Aug 20, 2014 10:40am
im highly agree with CT's point of view. The critical point is at 1291.55, if in FOMC fail to break
it's gonna bounce up back again.
but im wishing a downfall though
if it falls i see 1284 number there
The Force is with me.. Im One With the Force..
  • #14,826
  • Aug 20, 2014 10:42am Aug 20, 2014 10:42am
This is my first post.

But lets look what USD/AUD, USD/NZD doing? money goes safe?
USD/YPY looks like waiting

SP500 making new highs

For me it looks like, that some of the money goes into safe (AUD, NZD) before news, so I expect that the biggest dropers are EUR, Gold, Silver, JPY if the news support it.

Sorry about my english, someone brighter may summ it up.

There might be pattern for pump and dump. For either the side.. realy hard to say if it is north or south.

Though I stopped hedgeing my gold today, and set a sell stop 1291. I hope it doesnt trigger. Like most of us hopes that 1290 will hold. I fear it doesnt..
  • #14,827
  • Aug 20, 2014 10:51am Aug 20, 2014 10:51am
Quoting Goldenshot
im highly agree with CT's point of view. The critical point is at 1291.55, if in FOMC fail to break it's gonna bounce up back again. but im wishing a downfall though if it falls i see 1284 number there
Yes mate, the picture would be much clear by Asian Morning.

Going further forward we got hot numbers coming in the next US session.

Thereafter Friday is going to be wild too.

I say high voltage is waiting to attack our positions. Whatever your direction, trade safe!!
Hello World!
  • #14,828
  • Aug 20, 2014 10:55am Aug 20, 2014 10:55am
Quoting ClockTrader
{quote} Yes mate, the picture would be much clear by Asian Morning. Going further forward we got hot numbers coming in the next US session. Thereafter Friday is going to be wild too. I say high voltage is awaiting to attack our positions. Whatever your direction, trade safe!!
Agreed. I think FOMC is a killer for both buyers and sellers. When I initially started trading it used to charm me but later i realized it was the second greatest not to trade annoucement after Non farm payroll because it blowed my numerous accounts.
  • #14,829
  • Aug 20, 2014 11:06am Aug 20, 2014 11:06am
Days like these when price waves on the edge, it becomes very challenging for traders to play safe..

Even I have been trying to sit on sidelines, play safe with SL.. use hedges to mitigate risk, yet, I know I might get hurt. So, why not be prepared?

We reach a certain point where its hard to escape loss.

Amid all these speculations, I'd better call it a day. Health is what I need more than wealth.

Wish you all a nice ride on green waves. Trade safe.. love and respect MM.
Hello World!
  • #14,830
  • Aug 20, 2014 11:12am Aug 20, 2014 11:12am
Quoting ClockTrader
Days like these when price waves on the edge, it becomes very challenging for traders to play safe.. Even I have been trying to sit on sidelines, play safe with SL.. use hedges to mitigate risk, yet, I know I might get hurt. So, why not be prepared? We reach a certain point where its hard to escape loss. Amid all these speculations, I'd better call it a day. Health is what I need more than wealth. Wish you all a nice ride on green waves. Trade safe.. love and respect MM.
  • #14,831
  • Aug 20, 2014 11:30am Aug 20, 2014 11:30am
why market is so choopy
  • #14,832
  • Aug 20, 2014 11:52am Aug 20, 2014 11:52am
Quoting suresh150181
why market is so choopy
it is due to FOMC announcement which is due in another hour.
  • #14,833
  • Aug 20, 2014 12:10pm Aug 20, 2014 12:10pm
Totally agree with you , its better to be on the sidelines ,sometimes during this fundamental fomc reports market doesnt respect any technicals. good idea to be on sidelines


Quoting ClockTrader
Days like these when price waves on the edge, it becomes very challenging for traders to play safe.. Even I have been trying to sit on sidelines, play safe with SL.. use hedges to mitigate risk, yet, I know I might get hurt. So, why not be prepared? We reach a certain point where its hard to escape loss. Amid all these speculations, I'd better call it a day. Health is what I need more than wealth. Wish you all a nice ride on green waves. Trade safe.. love and respect MM.
  • #14,834
  • Aug 20, 2014 12:22pm Aug 20, 2014 12:22pm
Quoting ClockTrader
Days like these when price waves on the edge, it becomes very challenging for traders to play safe.. Even I have been trying to sit on sidelines, play safe with SL.. use hedges to mitigate risk, yet, I know I might get hurt. So, why not be prepared? We reach a certain point where its hard to escape loss. Amid all these speculations, I'd better call it a day. Health is what I need more than wealth. Wish you all a nice ride on green waves. Trade safe.. love and respect MM.

market is really unpridictable,some times our analysis get failed but it does nt mean that we are lossers,we should belive that every day is a new day for trader...so set your target of profit and loss if hit then stay calm,come another day
  • #14,835
  • Aug 20, 2014 12:27pm Aug 20, 2014 12:27pm
gentelmen i just found out that the doller index cant go up any further (82.1) isnt that good for gold??
  • #14,836
  • Aug 20, 2014 12:33pm Aug 20, 2014 12:33pm
Quoting wafiqsalameh
gentelmen i just found out that the doller index cant go up any further (82.1) isnt that good for gold??

any reason for that?
  • #14,837
  • Aug 20, 2014 12:39pm Aug 20, 2014 12:39pm
Hi, folks. Copper may give us a hint. Gold wasn't able to break the lows of the 15th and is sitting on the support coming back from at least of the summer start. I go for long.
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  • #14,838
  • Aug 20, 2014 12:39pm Aug 20, 2014 12:39pm
Get ready folks 20 min left wee need a good green for me no longs selling higher and higher lol(",)
Senior Trader Multi-Account Manager
  • #14,839
  • Aug 20, 2014 12:40pm Aug 20, 2014 12:40pm
ok,draw the 11sma high,and 11sma low give them a blue colors

then draw 6sma high,and 6sma low give them red colors

when you done let me know to tell you why
  • #14,840
  • Aug 20, 2014 12:41pm Aug 20, 2014 12:41pm
Quoting wafiqsalameh
gentelmen i just found out that the doller index cant go up any further (82.1) isnt that good for gold??

it is good but nothing to say coz FOMC can take it north or south
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