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  • #17,481
  • Oct 13, 2014 7:42pm Oct 13, 2014 7:42pm
Quoting griffinssoul
{quote} Hi lorix, what is your reasoning here? What is your (first?) TP target?
I would be glad if you can fire this question at every person who posts calls without any analysis.

Even me :-)
Hello World!
  • #17,482
  • Oct 13, 2014 7:48pm Oct 13, 2014 7:48pm
Quoting ClockTrader
{quote} I would be glad if you can fire this question at every person who posts calls without any analysis. Even me :-)
I totally agree. Analysis is the key to finding high probability trades and repeating the process (beyond coin flipping).
  • #17,483
  • Oct 14, 2014 12:03am Oct 14, 2014 12:03am
Seems like their is a strong (positive) correlation b/w the VIX and Gold over the week. Has anyone been keeping an eye on this?
  • #17,484
  • Oct 14, 2014 12:45am Oct 14, 2014 12:45am
Closed my long at 1235, this move is taking too long and is distracting me from trading the stock indices, those offer far more opportunities now. GL bulls.
"Where you want to be is always in control, never wishing, always trading.
  • #17,485
  • Oct 14, 2014 1:32am Oct 14, 2014 1:32am
just closed my short back to flat .
Senior Trader Multi-Account Manager
  • #17,486
  • Oct 14, 2014 2:23am Oct 14, 2014 2:23am
Long at 1232 TP 1242 bouncing off ascending Daily wedge.
  • #17,487
  • Oct 14, 2014 2:26am Oct 14, 2014 2:26am
Quoting lorix
just closed my short back to flat .
Nice trade [[email protected]] PA worked back to 1237.30 before drifting south...
  • #17,488
  • Oct 14, 2014 3:01am Oct 14, 2014 3:01am
for a quick trade

long @ 1233 stop @1231 target 1239-40

keeping it simple im playing the uptrend from 6 oct lows
Attached Image(s) (click to enlarge)
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Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #17,489
  • Oct 14, 2014 4:05am Oct 14, 2014 4:05am
Can anyone advise me, Why is GBP, USD, EUR, JPY and Gold are all falling down together?

Is there any connection inbetween?

really need someone to advise on this. as i never witness this before.
  • #17,490
  • Oct 14, 2014 4:09am Oct 14, 2014 4:09am
Quoting actorial
Can anyone advise me, Why is GBP, USD, EUR, JPY and Gold are all falling down together? Is there any connection inbetween? really need someone to advise on this. as i never witness this before.
fucking algo's are destroying the world
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #17,491
  • Oct 14, 2014 4:29am Oct 14, 2014 4:29am
economic data from UK & Germany issued and worse than expected!
  • #17,492
  • Oct 14, 2014 4:45am Oct 14, 2014 4:45am
Quoting blue_z_zz
for a quick trade long @ 1233 stop @1231 target 1239-40 keeping it simple im playing the uptrend from 6 oct lows {image} {image}
Looks like time is running out - we need to close this (1H TF) candle around 1233 or better... would you say?
  • #17,493
  • Oct 14, 2014 4:55am Oct 14, 2014 4:55am
Quoting griffinssoul
{quote} Looks like time is running out - we need to close this (1H TF) candle around 1233 or better... would you say?
not yet its consolidating sideways for the moment with a bigger probability of breaking to the upside


unless it breaks the 1230 level
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #17,494
  • Oct 14, 2014 5:01am Oct 14, 2014 5:01am
Quoting blue_z_zz
{quote} not yet its consolidating sideways for the moment with a bigger probability of breaking to the upside unless it breaks the 1230 level
It closed above 1233.00 ... so looking good ...
  • #17,495
  • Oct 14, 2014 5:05am Oct 14, 2014 5:05am
boys and girls look at OIL first - to make conclusions about everything else
Gold Annihilation System
  • #17,496
  • Oct 14, 2014 5:09am Oct 14, 2014 5:09am
Quoting Hunterrus
boys and girls look at OIL first - to make conclusions about everything else
Oil prices went down and US index goes up..Any chance it still going up? I have few longs on 1233-1235. TP at 1240.
  • #17,497
  • Oct 14, 2014 5:12am Oct 14, 2014 5:12am
Quoting Hunterrus
boys and girls look at OIL first - to make conclusions about everything else
As I understand it the correlation b/w oil and gold moved into negative values as of June this year. Has this changed?
  • #17,498
  • Oct 14, 2014 5:20am Oct 14, 2014 5:20am
Quoting griffinssoul
{quote} As I understand it the correlation b/w oil and gold moved into negative values as of June this year. Has this changed?
not yet many experts consider that oil will DOWN for more - USA now has its own OIL - that is not good for UAE, so OIl low is not reached yet
Gold Annihilation System
  • #17,499
  • Oct 14, 2014 5:22am Oct 14, 2014 5:22am
Quoting vp920b
{quote} Oil prices went down and US index goes up..Any chance it still going up? I have few longs on 1233-1235. TP at 1240.
check ur PM
Gold Annihilation System
  • #17,500
  • Oct 14, 2014 5:25am Oct 14, 2014 5:25am
Quoting Hunterrus
{quote} not yet many experts consider that oil will DOWN for more - USA now has its own OIL - that is not good for UAE, so OIl low is not reached yet
So, I think your saying that the two are sufficiently negatively correlated to imply (say, west texas) oil bearish implies gold bullish? Is that what you mean?
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