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  • #15,401
  • Aug 29, 2014 10:22am Aug 29, 2014 10:22am
Ok im done this week.
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Neural Network Algorithm and Econophysics
  • #15,402
  • Aug 29, 2014 10:25am Aug 29, 2014 10:25am
Quoting ClockTrader
{quote} Below is what I said in early Asian session: I agree with those traders who think thimarket coming down, however, I believe after the fall, the price should bounce My SLs @ 1271 and 1277 look safe for now. Rationals behind a bounce after fall: I believe we are inside a bounce rally and this ain't over yet.
Ok now am on ling from 1285.90 and keeping it on. Aiming for above 1292 and believe it will not go less than 1285 till the mark close. Like to hear from you guys.
  • #15,403
  • Aug 29, 2014 10:46am Aug 29, 2014 10:46am
Looks like a wiper on chart got in action to clear the positions. Hitman known as PA, hitting the SLs hard since yesterday.

Going forward, I won't be surprised to see a volatile re-opening on Mon.
Hello World!
  • #15,404
  • Aug 29, 2014 11:03am Aug 29, 2014 11:03am
i have a sell position at 1283.85 . Any thoughts that if it will come down atleast once again to 1283 ??? if not then how long will it take to come back down? i have a 50$ loss in that trade and its increasing as gold it going up n up.. so what should i do? any advices??
  • #15,405
  • Aug 29, 2014 11:54am Aug 29, 2014 11:54am
Quoting drunkeyez302
i have a sell position at 1283.85 . Any thoughts that if it will come down atleast once again to 1283 ??? if not then how long will it take to come back down? i have a 50$ loss in that trade and its increasing as gold it going up n up.. so what should i do? any advices??
Looks like the volatility shall continue to persist after re-opening as well. As far as my opinion is concerned, price is riding a bounce rally. Price going 10 $s up / down is normal on any day / time of the week.

 

  1. IF I presume you followed MM rules, place a neat SL.
  2. IF you followed MM, the loss should be nominal.

Like I always say, trade safe!


First priority for a new trader should be to sustain in this market without any losses OR with minimal losses. If you can survive, you'll make money too. There can be beginner's success, don't get carried away by it.

Wish you all a nice and green weekend!

Hello World!
  • #15,406
  • Aug 29, 2014 12:15pm Aug 29, 2014 12:15pm
Quoting drunkeyez302
i have a sell position at 1283.85 . Any thoughts that if it will come down atleast once again to 1283 ??? if not then how long will it take to come back down? i have a 50$ loss in that trade and its increasing as gold it going up n up.. so what should i do? any advices??
Maybe you should consider that gold is ranging between 1271 and 1345 for the last 2 months.

Also note that current price is 1286 and that's almost half way from June/03 LL and July/10 HH, so your sell position may not be too badly placed.

Action depends on your free margin and margin level imho.

Thanks for reading.
  • #15,407
  • Aug 29, 2014 12:45pm Aug 29, 2014 12:45pm
In spite of the vagaries of the Forex market, I have some good news. I've closed all positions and have made a profit of 22.5% of my balance at the start of this week. So one can certainly make money in Forex though it can be a painful learning experience. Qualities such as discipline, humility, cunning, courage, patience, numeracy, planning, composure have to be brought to the arena. If these are not innate, they can be acquired if one perseveres.

I intend to supplement my income with Forex trading and I know once one has experience, this is a legitimate lucrative business that has the capability of enabling the skilled trader to make substantial profit, though it is difficult.

I have resolved to climb this hill of learning because I know when I reach the top I will enjoy the crests and peaks of success. Have a happy weekend one and all.
  • #15,408
  • Aug 29, 2014 1:37pm Aug 29, 2014 1:37pm
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  • #15,409
  • Aug 30, 2014 4:56am Aug 30, 2014 4:56am
It is just my prediction of next 10 days price movement based on historical candlesticks analysis. It might be wrong.
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  • #15,410
  • Aug 30, 2014 6:16am Aug 30, 2014 6:16am
Quoting iwishtowin
It is just my prediction of next 10 days price movement based on historical candlesticks analysis. It might be wrong. {image}

I "expect" 1320 on Monday ... or "wish" 1320 on Monday
  • #15,411
  • Aug 30, 2014 6:47am Aug 30, 2014 6:47am
hello All how is everyone over this week end sitting and setting my charts for next week and sharing it with u folks
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Senior Trader Multi-Account Manager
  • #15,412
  • Aug 30, 2014 8:06am Aug 30, 2014 8:06am
Greetings to all. Gold next week will go down. Sale of 1286
  • #15,413
  • Aug 30, 2014 8:23am Aug 30, 2014 8:23am
Quoting Steve J
In spite of the vagaries of the Forex market, I have some good news. I've closed all positions and have made a profit of 22.5% of my balance at the start of this week. So one can certainly make money in Forex though it can be a painful learning experience. Qualities such as discipline, humility, cunning, courage, patience, numeracy, planning, composure have to be brought to the arena. If these are not innate, they can be acquired if one perseveres. I intend to supplement my income with Forex trading and I know once one has experience, this is a...
Hello World!
  • #15,414
  • Aug 30, 2014 11:46am Aug 30, 2014 11:46am
looking at a naked chart, you can see that gold is being supported on every dip and if we bring volume to the picture we can see wide bearish bars on normal/below average volume on small TFs (M15), i view such bars as bearish traps to suck sellers into poor positions.

with fundamentals supporting the view, i expect gold to appreciate for most of the week.


Good luck
I recommend you read something else as this sentence is now concluded.
  • #15,415
  • Aug 30, 2014 1:05pm Aug 30, 2014 1:05pm
War ???

http://www.telegraph.co.uk/news/worl...no-return.html

Gold -> 1400 ...
  • #15,416
  • Aug 30, 2014 3:58pm Aug 30, 2014 3:58pm
Trading Gold for September 01~05, 2014...
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Good Luck
  • #15,417
  • Aug 30, 2014 5:46pm Aug 30, 2014 5:46pm
Quoting sERDAr
War ??? http://www.telegraph.co.uk/news/worl...no-return.html Gold -> 1400 ...
Yeah thats another good point. Putin plays war, and the European Leader still talking and talking.
What ever happens, I think with LONG not just for your day trading, but for the next months, you're
on the right side.

Germany starts 2014 to get his Gold back home, from all European Countrys like France and
also from the US, why.. I think its better have your own Gold at home, whatever comes..
  • #15,418
  • Aug 31, 2014 7:59am Aug 31, 2014 7:59am
Bullish September.

http://www.bloomberg.com/news/2014-0...f-the-day.html
The only winner is the one who survive the longest...
  • #15,419
  • Aug 31, 2014 11:30am Aug 31, 2014 11:30am
Frightening sentiment for bulls… Gold 85% Silver 93% Longs…….. Of course price can start going up and bullish % can go down during a rally… and that's what would happen for sure if it did rally. We'll see.
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  • #15,420
  • Aug 31, 2014 12:03pm Aug 31, 2014 12:03pm
Quoting Ck87
Frightening sentiment for bulls… Gold 85% Silver 93% Longs…….. Of course price can start going up and bullish % can go down during a rally… and that's what would happen for sure if it did rally. We'll see. {image} {image}
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