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  • #21,701
  • Jan 21, 2015 1:25am Jan 21, 2015 1:25am
Quoting berda
{quote} Hi All, I'm out at 1300.02, manually take profit... better profit than not at all.. Green pips to all. amen..
  • #21,702
  • Jan 21, 2015 1:27am Jan 21, 2015 1:27am
Quoting berda
{quote} Hi All, I'm out at 1300.02, manually take profit... better profit than not at all.. Green pips to all. amen..
There was small volatility (double PO) on M5 @ 1300 levels.. For a day trade you may have done the right thing..
Hello World!
  • #21,703
  • Jan 21, 2015 1:34am Jan 21, 2015 1:34am
Quoting FXRobert
{quote}
Thanks mate.. I'm glad I got profit after my 2 consecutive losses, although my profit this month still bigger than my loss. My plan is doubling my lot size on next month if can still keep my balance at least like now..
How about you mate? are you in the gold market right now?
  • #21,704
  • Jan 21, 2015 1:41am Jan 21, 2015 1:41am
Quoting ClockTrader
{quote} There was small volatility (double PO) on M5 @ 1300 levels.. For a day trade you may have done the right thing..
Hi CT, I think bear will come this day IMO cause bull has already took control too long.. I'll wait for it..
Thanks mate.. Green pips to you and all.. amen..
  • #21,705
  • Jan 21, 2015 1:57am Jan 21, 2015 1:57am
Quoting berda
{quote} Hi CT, I think bear will come this day IMO cause bull has already took control too long.. I'll wait for it.. Thanks mate.. Green pips to you and all.. amen..
Your system looks good.. you should share your analysis..
Hello World!
  • #21,706
  • Jan 21, 2015 2:18am Jan 21, 2015 2:18am
Quoting berda
{quote} Hi CT, I think bear will come this day IMO cause bull has already took control too long.. I'll wait for it.. Thanks mate.. Green pips to you and all.. amen..
me also wait for bear, as bull become weak now...
  • #21,707
  • Jan 21, 2015 2:20am Jan 21, 2015 2:20am
Quoting ClockTrader
{quote} Your system looks good.. you should share your analysis..
Nothing special.. I only use Heiken Ashi smoothed indicator and pin bar on H1 then I try to ride the trend.. That's all mate.. Next month I plan to also use H4 and Heiken Ashi smoothed.. And Trade Light as you said..
  • #21,708
  • Jan 21, 2015 2:29am Jan 21, 2015 2:29am
It will take a while to come down, my target is 1315 and then 1325. No signs of bears in any time frame. Friday closing will be important for further development in gold.
  • #21,709
  • Jan 21, 2015 2:39am Jan 21, 2015 2:39am
Quoting LeoDaLion
It will take a while to come down, my target is 1315 and then 1325. No signs of bears in any time frame. Friday closing will be important for further development in gold.
Study of historic data says when Friday is Bullish, the likelihood of Monday being Bullish is quite high.. given this trend.. Thu-Friday can show price-shoots.. & then I plan to test shorts around coming Tue..
Hello World!
  • #21,710
  • Jan 21, 2015 2:45am Jan 21, 2015 2:45am
Quoting ClockTrader
{quote} Study of historic data says when Friday is Bullish, the likelihood of Monday being Bullish is quite high.. given this trend.. Thu-Friday can show price-shoots.. & then I plan to test shorts around coming Tue..
agreed to u dear CT but...................gold is moving higher and higher and higher..............and bearer r getting trapped where ever they take an entry..........its lil tough for the bearer.......
  • #21,711
  • Jan 21, 2015 2:54am Jan 21, 2015 2:54am
Quoting anandraj99
{quote} agreed to u dear CT but...................gold is moving higher and higher and higher..............and bearer r getting trapped where ever they take an entry..........its lil tough for the bearer.......
Sitting on sidelines & learning is a good idea when you are not winning..
Hello World!
  • #21,712
  • Jan 21, 2015 3:01am Jan 21, 2015 3:01am
When my MACD reach such high level, there was trend reverse since few years. Only once there was trend continue, in july 2011 as you can see. Also momentum is very high.
I'm not daytrader, I open trade for longer period of time. Gold always create trendline, when price cross trendline, there is another trend. In current situation, if price go below 1280 in next week, this will be bearish signal to short.





http://i.imgur.com/AochBZQ.png

http://i.imgur.com/VjjQBdE.png
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  • #21,713
  • Jan 21, 2015 3:09am Jan 21, 2015 3:09am
Also - there is "the worst case scenario" for bears. If price go above this line, there is huge hance for big bull. As we can see, there was something like triangle. There was maybe false break below, so maybe if we break above there will be bullish long term trend.
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  • #21,714
  • Jan 21, 2015 3:22am Jan 21, 2015 3:22am
Double top on M15, taking test short at 1299.5
SL :ｍａｎｕａｌ
ＴP : manual (may wash down but if stop at 1295-1296 region, will get out)
  • #21,715
  • Jan 21, 2015 3:26am Jan 21, 2015 3:26am
Quoting EatPIPs
Long from 1290 has survived today. I have been shorting oil recently also and had a nice drop on there which has put me in front quite nicely. Holding onto my oil shorts and gold longs for another day to see where PA takes it. Would be nice to see a close above 1300 tomorrow.
1300 hit this morning TP1 done.

I have buy orders in place now. As long as we have a couple of days above 1300 then I expect another bull rally over the next month or maybe 2. Keeping my strategy simple as possible now, buying on pullback unless I see a clear take over from the bears.

1309 is what I'm eyeing today.
To live a successful life, we must lose our fear of being wrong
  • #21,716
  • Jan 21, 2015 3:34am Jan 21, 2015 3:34am
Quoting EatPIPs
{quote} 1300 hit this morning TP1 done. I have buy orders in place now. As long as we have a couple of days above 1300 then I expect another bull rally over the next month or maybe 2. Keeping my strategy simple as possible now, buying on pullback unless I see a clear take over from the bears. 1309 is what I'm eyeing today.
Nice strategy and it will work for you, I wish no one go short atm, it's quite risky coz bulls are very strong atm, it can take us to +1325 easily if trend keep going in the right direction.
  • #21,717
  • Jan 21, 2015 4:04am Jan 21, 2015 4:04am
Quoting andySu
Double top on M15, taking test short at 1299.5 SL :ｍａｎｕａｌ ＴP : manual (may wash down but if stop at 1295-1296 region, will get out)
Took small loss and get out at 1300.6. doesnt seem like coming down. will sit on the sideline..
  • #21,718
  • Jan 21, 2015 4:05am Jan 21, 2015 4:05am
if it is gonna be down day, maybe waiting US-session to join the party?
  • #21,719
  • Jan 21, 2015 5:58am Jan 21, 2015 5:58am
Looks like momentum fading a bit
  • #21,720
  • Jan 21, 2015 6:15am Jan 21, 2015 6:15am
Quoting Ck87
Looks like momentum fading a bit
Too early to say so, IMO..
Hello World!
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