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  • #22,581
  • Feb 11, 2015 7:46am Feb 11, 2015 7:46am
Quoting andySu
{quote} CT... Do you think there is any possiblity we see a selloff today? Just feel strange with PA..?
Assume selloff means a huge fall..

IMO, while the PA may remain erratic & do zigzag ding-dong dance.. but on the whole, I expect price to show bearish signs.. I doubt a huge fall ahead in current NY session..

This could end sideways showing bearish signs..

Trade Light & Safe!
Hello World!
  • #22,582
  • Feb 11, 2015 7:49am Feb 11, 2015 7:49am
Quoting andySu
{quote} CT... Do you think there is any possiblity we see a selloff today? Just feel strange with PA..?
On other note, I expect the top '1245' to sustain nicely..

Right now, I don't have any open positions.. IF price falls, I would miss the train... IF it climbs towards 1245, I would sell again..
Hello World!
  • #22,583
  • Feb 11, 2015 7:49am Feb 11, 2015 7:49am
Quoting ClockTrader
{quote} Assume selloff means a huge fall.. IMO, while the PA may remain erratic & do zigzag ding-dong dance.. but on the whole, I expect price to show bearish signs.. I doubt a huge fall ahead in current NY session.. This could end sideways showing bearish signs.. Trade Light & Safe!
Okay then.... Let's watch gold zig zag dong dance now...
  • #22,584
  • Feb 11, 2015 7:50am Feb 11, 2015 7:50am
ITs My Real Account CT,i M not A Demo Trader now i Made Good Amount in last days I think now its time to vanish
  • #22,585
  • Feb 11, 2015 7:52am Feb 11, 2015 7:52am
SMA 303 & 555 on H4, 303 should crash this week..
Attached Image
Hello World!
  • #22,586
  • Feb 11, 2015 7:55am Feb 11, 2015 7:55am
Quoting qaiser4u007
ITs My Real Account CT,i M not A Demo Trader now i Made Good Amount in last days I think now its time to vanish
Whether the loss is $100 or 100K, IF its peanuts for you.. its kool. With that said, I hope you got what I'm trying to say..

Lately, I've been trading ultra-light & guess what? Its very hard.. BUT, fortunately, My win rate has gotten close to 80% in one a/c & sharpe ratio getting close to -ve..

and max drawdown 5%

All these green figures began to show up in the last couple of weeks only.. Before that it wasn't so rosy..
Hello World!
  • #22,587
  • Feb 11, 2015 8:07am Feb 11, 2015 8:07am
Quoting qaiser4u007
ITs My Real Account CT,i M not A Demo Trader now i Made Good Amount in last days I think now its time to vanish
Today may shed some light as to where gold is going this week.

1238 seems to hold really strong since yesterday, price just cant shoot though it. My guess is that there is heavy sell order queuing there. If this is true, there "may" be a push to the lower side during this NY session..

However if it fails and price reverse around 12 p.m NY time and shoots through 1238, then maybe we have chance to go upside, in my opinion at least to 1250..

Beyond that, very difficult to read...

And not forgetting that price has the option to simply ding dong from 1238 to 1232 zone which leaves traders scratching head as to where this is going...
  • #22,588
  • Feb 11, 2015 8:23am Feb 11, 2015 8:23am
Quoting andySu
{quote} Today may shed some light as to where gold is going this week. 1238 seems to hold really strong since yesterday, price just cant shoot though it. My guess is that there is heavy sell order queuing there. If this is true, there "may" be a push to the lower side during this NY session.. However if it fails and price reverse around 12 p.m NY time and shoots through 1238, then maybe we have chance to go upside, in my opinion at least to 1250.. Beyond that, very difficult to read... And not forgetting that price has the option to simply ding...
If there is any catalyst, it may be that dollar index is about to may or may not break up....
  • #22,589
  • Feb 11, 2015 8:44am Feb 11, 2015 8:44am
Quoting qaiser4u007
ITs My Real Account CT,i M not A Demo Trader now i Made Good Amount in last days I think now its time to vanish
Why not using a stop ? You're playing a dangerous game. Been there done that. Sometimes it hit your stop and go back to your TP.

But when you don't use stop it can keep going on and on until it blows your account.

Better lose a few than all

Gold could go below 1000, or above 1400 we never know. Just watch out
COT: The precious data ignored
  • #22,590
  • Feb 11, 2015 8:58am Feb 11, 2015 8:58am
shorted the range breakout, hope not a fakeout
SL 50pips
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Reaction is better than Prediction
  • #22,591
  • Feb 11, 2015 9:02am Feb 11, 2015 9:02am
Quoting mikajap
shorted the range breakout, hope not a fakeout SL 50pips {image}
Good luck, it could be a fake out, i won't short this move yet. Looking to buy it back.

h1 looks bearish so far, but lower tf showed some buyers
COT: The precious data ignored
  • #22,592
  • Feb 11, 2015 9:07am Feb 11, 2015 9:07am
Quoting mikajap
shorted the range breakout, hope not a fakeout SL 50pips {image}
Your win rate is close to 100%, maybe you should share your reports to motivate us :-)
Hello World!
  • #22,593
  • Feb 11, 2015 9:11am Feb 11, 2015 9:11am
Exited short at 1225. Should have wait till 12 p.m NY but this is just wednesday.. will see....
  • #22,594
  • Feb 11, 2015 9:11am Feb 11, 2015 9:11am
did u catch the train? CT, i see the stop for this train around 1222, i that breaks than 1205 ?

Quoting ClockTrader
{quote} Your win rate is close to 100%, maybe you should share your reports to motivate us :-)
  • #22,595
  • Feb 11, 2015 9:12am Feb 11, 2015 9:12am
Quoting ClockTrader
{quote} Your win rate is close to 100%, maybe you should share your reports to motivate us :-)
Yupe... Together...., we stand a better chance of not being manipulated by market market or proffesional SL hunters....
  • #22,596
  • Feb 11, 2015 9:13am Feb 11, 2015 9:13am
Quoting mikajap
shorted the range breakout, hope not a fakeout SL 50pips {image}
What is that white box? Please explain.
Thanks
  • #22,597
  • Feb 11, 2015 9:15am Feb 11, 2015 9:15am
Quoting mikajap
shorted the range breakout, hope not a fakeout SL 50pips {image}
Where do you think it will stop.... ?
  • #22,598
  • Feb 11, 2015 9:17am Feb 11, 2015 9:17am
Quoting kuroro001
{quote} Good luck, it could be a fake out, i won't short this move yet. Looking to buy it back. h1 looks bearish so far, but lower tf showed some buyers
Learning from CT.. if you want to buy it back, better wait till 12 p.m N.Y....
  • #22,599
  • Edited 11:33am Feb 11, 2015 9:17am | Edited 11:33am
Quoting Ck87
Conditions are in place for a massive sell off on gold. The COT report shows how bearish commercials are and were at 1300 levels. Small specs are buying it up. Retails are 79% long on IG now. Could get ugly soon. From a technical point of view, weekly momentum is due to come down hard. Look out. I will only be looking to sell gold from here, although a nice size rally is certainly possible. {image}
i see his saying is happening
  • #22,600
  • Feb 11, 2015 9:20am Feb 11, 2015 9:20am
Quoting Pair-me-up
I haven't traded gold yet this year. But still keeping my miner's eye on it. My first projection is for it to hit 1221.34 and if it going strong to that level then my next target would be 1187.66. Is anyone here coming up with the same numbers? By the way I am looking at the daily time frame for that.

Well, looks like my target was wrong on this one.. But who knows.. if it goes down two more dollars then my forecast will have then came to past.
Luck has no place in trading. Leave that for the poker table.
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