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Only Gold!

  • #19,261
  • Nov 18, 2014 9:32pm Nov 18, 2014 9:32pm
I'm going to hold my buy trades. See if it will go past 1203. its been a pretty boring day for gold though
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  • #19,262
  • Nov 18, 2014 10:33pm Nov 18, 2014 10:33pm
Quoting MrketSniper
Short Gold, 1204 and SL will be 1207. Taget below 1170
Closing 1/5 of the position.
  • #19,263
  • Nov 18, 2014 10:53pm Nov 18, 2014 10:53pm
Quoting MrketSniper
{quote} Closing 1/5 of the position.
That was not only good, but, a very precise call too.

to your sniping capabilities..
Hello World!
  • #19,264
  • Nov 18, 2014 11:01pm Nov 18, 2014 11:01pm
Quoting Landline
Hi all, I've just popped in to see how the thread is going lately. ... tolerance. Anyway, do some tests for yourself, hopefully all will become obvious then Hope thats helped some of you that wanted some basic guidelines on my way of trading. H1 & M15 charts attached Good luck {image} {image}
Hi Landline, thanks for the great information (this is similar to what I use to practice PA but on the naked 1&15M combo). May I just comment on the autofib thing - your 2nd chart looks like an unusual or non-common place to set the lower end of the fib - it doesnt look like a major pivot low?
  • #19,265
  • Nov 18, 2014 11:12pm Nov 18, 2014 11:12pm
Quoting ClockTrader
{quote} That was not only good, but, a very precise call too. to your sniping capabilities..
I will keep my short as long as 4hr close below 1207, and will add more short if price reach around 1199 level in euro session.
  • #19,266
  • Nov 18, 2014 11:13pm Nov 18, 2014 11:13pm
Quoting MrketSniper
{quote} I will keep my short as long as 4hr close below 1207, and will add more short if price reach around 1199 level in euro session.
You did not post why you went short yesterday, or did you?

Curious to know how you analyze?
Hello World!
  • #19,267
  • Nov 19, 2014 12:11am Nov 19, 2014 12:11am
Quoting ClockTrader
{quote} You did not post why you went short yesterday, or did you? Curious to know how you analyze?
Fibonacci Retracements, 1130-1255 50% is at 1193. And 61.8% is at 1207.
That's why I decided to short at 1204 and place my SL at 1207.
  • #19,268
  • Nov 19, 2014 12:20am Nov 19, 2014 12:20am
Quoting MrketSniper
{quote} Fibonacci Retracements, 1130-1255 50% is at 1193. And 61.8% is at 1207. That's why I decided to short at 1204 and place my SL at 1207.
Thanks!
Hello World!
  • #19,269
  • Nov 19, 2014 12:47am Nov 19, 2014 12:47am
Quoting MrketSniper
{quote} Fibonacci Retracements, 1130-1255 50% is at 1193. And 61.8% is at 1207. That's why I decided to short at 1204 and place my SL at 1207.
may be good but 1178 +( very early as of last leg up 1188+ ) there is a limit down for up next & hope correction not over yet & may take weeks . yes if this level breaks then may crush direct or channel play possible . that is why running still long before next decision DOWN .
take care .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #19,270
  • Nov 19, 2014 1:05am Nov 19, 2014 1:05am
Unfinish Business... there were still a gap over there... i think it would retest the 1198
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  • #19,271
  • Nov 19, 2014 2:13am Nov 19, 2014 2:13am
Quoting blacksnake
Unfinish Business... there were still a gap over there... i think it would retest the 1198 {image}
Gotcha...
  • #19,272
  • Nov 19, 2014 2:14am Nov 19, 2014 2:14am
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morning took the trade on the 5 min consolidation break out,hope to get to the 1223 1239 area line attraction at least
  • #19,273
  • Nov 19, 2014 2:18am Nov 19, 2014 2:18am
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watch area for strong rejection ??? break above then head to the lines above
  • #19,274
  • Nov 19, 2014 2:20am Nov 19, 2014 2:20am
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keep the trade at be and lets see
  • #19,275
  • Nov 19, 2014 2:27am Nov 19, 2014 2:27am
Quoting elbert3
{image} morning took the trade on the 5 min consolidation break out,hope to get to the 1223 1239 area line attraction at least
pending order hit
lets see now
  • #19,276
  • Nov 19, 2014 2:53am Nov 19, 2014 2:53am
Quoting ClockTrader
{quote} Thanks!
No problem, this pair has a chance to shoot up to 1230-1250, if it doesn't break above 1255 then short side will be fine.
That's also why I am going to move my short to BE.
  • #19,277
  • Nov 19, 2014 2:59am Nov 19, 2014 2:59am
Quoting MrketSniper
{quote} No problem, this pair has a chance to shoot up to 1230-1250, if it doesn't break above 1255 then short side will be fine. That's also why I am going to move my short to BE.
Your SL @ 1207 looks perfect to me.. I'm testing shorts & have SL in the same range.. The price has peaked out on M15 for 2nd time in the same range.. Fingers crossed....

Within a few hrs we should have clear picture whether this peakouts on M15 is working or not..
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Hello World!
  • #19,278
  • Nov 19, 2014 5:01am Nov 19, 2014 5:01am
Quoting abokwaik
As I mentioned on Thursday price was capped by DMA-10 which when btoken up may test DMA-20. It did that on Friday, and now setting above DMA-20 with an eye on DMA-50 @ around 1212. Some bullish signs (not a clear reversal though) are appearing : Increasing volume on up days. RSI > 50 Confirmed break out of Triangle (after a false break down) Engulfing Daily Candle ... My plan for next week is same as last week: Buy pullbacks. Sorry : I am away from computer so I am attaching graph from mobile phone. {image}
Buying Pull Backs returned great this week as well (so far).

Over 15 days, my returns from Gold were 17%, however I have 7% drawdown on other pairs (specially Yen).
So I think I will follow ClockTrader and trade Only Gold!
No guts, no glory
  • #19,279
  • Nov 19, 2014 5:11am Nov 19, 2014 5:11am
wht price buy then sell eg buy 198 sell 121
  • #19,280
  • Nov 19, 2014 6:41am Nov 19, 2014 6:41am
Quoting MrketSniper
{quote} I will keep my short as long as 4hr close below 1207, and will add more short if price reach around 1199 level in euro session.
Trigger my pending. 1192 will be the next target.
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