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  • #19,081
  • Nov 14, 2014 7:10am Nov 14, 2014 7:10am
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Ro IMRAN Ro
  • #19,082
  • Nov 14, 2014 8:00am Nov 14, 2014 8:00am
Quoting cvds16
took half off that I shorted at 1158.67 at 1149.50 ... let's see it this gets some more legs ...
How did you do cvds16. Its found a bit of resistance (the black line on my chart above) but I'm calling it quiets!
  • #19,083
  • Nov 14, 2014 8:04am Nov 14, 2014 8:04am
What I did was shorting the triangle break, I closed the rest with a stop at 1149.5 also when it bounced just above that old dialy level around 1146 ... getting a bit too volatile for me here ... could be we see better prices but I am calling it a day ... no intentions of messing up my week late friday lol
  • #19,084
  • Nov 14, 2014 8:07am Nov 14, 2014 8:07am
Quoting cvds16
What I did was shorting the triangle break, I closed the rest with a stop at 1149.5 also when it bounced just above that old dialy level around 1146 ... getting a bit too volatile for me here ... could be we see better prices but I am calling it a day ... no intentions of messing up my week late friday lol
Well done mate!
  • #19,085
  • Nov 14, 2014 8:16am Nov 14, 2014 8:16am
Quoting griffinssoul
{quote} Well done mate!
How's your day griffin?
  • #19,086
  • Nov 14, 2014 8:21am Nov 14, 2014 8:21am
Quoting mcgross
{quote} How's your day griffin?
I've been practicing a new method over @ the TMS thread [demo] this week [this a great method to learn!]... but my PA trading this week has been ok... I always have to say to myself 'don't be greedy' ... as soon as that happens I lose bad! ... lol

...I was given good advice once, "don't have a trading target" [for the week, say] just take what the market gives you and run! LOL!
  • #19,087
  • Nov 14, 2014 8:26am Nov 14, 2014 8:26am
Quoting griffinssoul
{quote} I've been practicing a new method over @ the TMS thread [demo] this week [this a great method to learn!]... but my PA trading this week has been ok... I always have to say to myself 'don't be greedy' ... as soon as that happens I lose bad! ... lol ...I was given good advice once, "don't have a trading target" [for the week, say] just take what the market gives you and run! LOL!
Maybe u can share the method, hehe
  • #19,088
  • Edited 8:41am Nov 14, 2014 8:30am | Edited 8:41am
Quoting mcgross
{quote} Maybe u can share the method, hehe
Oh, its over @ Trading Made Simple (TMS) by the late eelfranz. This method is amazing, I got 200pips in two days...! Just look it up in the forums list. My personal trading method is standard PA with stuff like trendlines & candle analysis (also do EW & Ichimoku for higher TF structure)... easy to learn hard to execute... Oh, we also have a scalping method over @ open scalping strategy by swilliam [small but steady pips]
  • #19,089
  • Nov 14, 2014 8:53am Nov 14, 2014 8:53am
Quoting elbert3
morning chart later problems loading since i cleaned pc.. 1147,8 buy order sl 1145 target 1180 add 1161 if we can get up there ..
sorry i did not post the chart ,
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  • #19,090
  • Nov 14, 2014 8:55am Nov 14, 2014 8:55am
Quoting elbert3
{quote} sorry i did not post the chart ,{image}{image}
Hi elbert3! I was thinking about this trade... Mmmm...
  • #19,091
  • Nov 14, 2014 8:58am Nov 14, 2014 8:58am
Quoting mcgross
{quote} Maybe u can share the method, hehe
mcgross, if you ever need help just ask traders here - there is almost always a senior trader willing to help... CT for a start (one of the best traders on FF)
  • #19,092
  • Nov 14, 2014 9:15am Nov 14, 2014 9:15am
y sudden spike till 1171 from 1153 can any body explain to me , despite strong us data
  • #19,093
  • Nov 14, 2014 9:17am Nov 14, 2014 9:17am
Quoting griffinssoul
{quote} Hi elbert3! I was thinking about this trade... Mmmm...
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on the above chart i think it was about 53 when i placed the order ,,i still think the doji on the day was bottom but only time will tell hence the lower entry ,
  • #19,094
  • Nov 14, 2014 9:20am Nov 14, 2014 9:20am
What a rally gold just showed, moved from 1156 to 1172 in matter of a minute or two, i was long and capped my profit right before this spike at 10pips.

Such move make me rethink if i want to trade this pair, alwasy using stops thought.

So what are experts opinion on gold? will it touch the lower triangle leg again making it valid? will gold travel up next week? or still bearish.

Apperciating all views in this thread, havent been in the game for long, so still lurking alot and learning from it.
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  • #19,095
  • Nov 14, 2014 9:31am Nov 14, 2014 9:31am
Quoting banker19
y sudden spike till 1171 from 1153 can any body explain to me , despite strong us data
IMHO, its always about hitting SLs. They just use news to hit SLs, period.

Nonetheless, the bulls are showing their muscles.
Hello World!
  • #19,096
  • Nov 14, 2014 9:36am Nov 14, 2014 9:36am
Quoting banker19
y sudden spike till 1171 from 1153 can any body explain to me , despite strong us data

FXStreet (Mumbai) - Gold price received a shot in the arm since the Treasury yields in the US failed to sustain gains despite a better-than-expected US retail sales and Michigan confidence data.

Gold traded 0.44% higher at USD 1166.30/Oz levels, while the ten-year treasury yields retreated to 2.347% from the day’s high of 2.377%. The two-year treasury yield declined to 0.536%, from the day’s high of 0.548%.

Moreover, the yields have retreated despite the advance retail sales printing at 0.3% in October; higher than the market expectation of 0.2%. The Preliminary Michigan confidence number for November came-in at 89.4, higher than the expectation of 87.5.

The falling yields despite strong data is indicative of falling rate hike expectation. Thus yellow metal, which is known to have an inverse relationship with yields, gained strength.

Gold Technical Levels

Gold has an immediate resistance at 1171, above which prices may rise to 1183.00 levels. On the flip side, support is seen at 1161.5 and 1153.00 levels.
  • #19,097
  • Nov 14, 2014 9:38am Nov 14, 2014 9:38am
Nice call elbert
  • #19,098
  • Nov 14, 2014 9:39am Nov 14, 2014 9:39am
Quoting elbert3
{quote} {image} on the above chart i think it was about 53 when i placed the order ,,i still think the doji on the day was bottom but only time will tell hence the lower entry ,
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come on 82 please
  • #19,099
  • Nov 14, 2014 9:41am Nov 14, 2014 9:41am
Quoting mcgross
Nice call elbert
thanks,,, waiting to take the trade or lock on 1172
  • #19,100
  • Nov 14, 2014 9:43am Nov 14, 2014 9:43am
what if it cross the 82 elbert???
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