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Only Gold!

  • #22,921
  • Feb 17, 2015 8:07am Feb 17, 2015 8:07am
Quoting ClockTrader
{quote} I tested a long for a reason.. I was feeling good.. I love when PA is relaxed & stable. Then it got a little volatile on M5.. then I thought I should be conservative in this scenario.. PA is the last thing any of us should trust blindly.. Take a position & cross your fingers.. better go away from the system. Trade light & safe!
what do you think will happen tomorrow if PA get locked in 1220 to 1223 till tomorrow
  • #22,922
  • Feb 17, 2015 8:08am Feb 17, 2015 8:08am
Quoting ClockTrader
Anybody participated in these contests & did great? The best I could do would be like 50% in a month.. hoping all goes well.. But, these guys are like Gods! Any comments? {image}
These were given 10K & see what they have earned..
Hello World!
  • #22,923
  • Feb 17, 2015 8:09am Feb 17, 2015 8:09am
Quoting andySu
{quote} what do you think will happen tomorrow if PA get locked in 1220 to 1223 till tomorrow
IF this continues to go sideways in 1220-1223 range.. the probability of going low would be high.. We better discuss this situation after 12pm NY.. I'm sure we'll get clear clues around then.
Hello World!
  • #22,924
  • Feb 17, 2015 8:10am Feb 17, 2015 8:10am
CT, I consider you to be a good trader - and it was good to see you say that about PA. For me, trading gold lately has been the cross your fingers experience.

Quoting ClockTrader
{quote} I tested a long for a reason.. I was feeling good.. I love when PA is relaxed & stable. Then it got a little volatile on M5.. then I thought I should be conservative in this scenario.. PA is the last thing any of us should trust blindly.. Take a position & cross your fingers.. better go away from the system. Trade light & safe!
  • #22,925
  • Feb 17, 2015 8:11am Feb 17, 2015 8:11am
i'm waiting blue circle area , i'm tired long at current level area

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 56 KB
  • #22,926
  • Feb 17, 2015 8:14am Feb 17, 2015 8:14am
Quoting ClockTrader
{quote} IF this continues to go sideways in 1220-1223 range.. the probability of going low would be high.. We better discuss this situation after 12pm NY.. I'm sure we'll get clear clues around then.
Will see if something can happen when housing index released at 10 a.m....

The way I see current scene is that too few long traders get squeeze... hard to fuel the down move.... unless sb with big pocket willing to sponsor the way down...
  • #22,927
  • Feb 17, 2015 8:16am Feb 17, 2015 8:16am
Here we go. Silver leading the way first.
The true fact is market doesn't care, risk mgt is important.
  • #22,928
  • Feb 17, 2015 8:17am Feb 17, 2015 8:17am
Quoting andySu
{quote} Will see if something can happen when housing index released at 10 a.m.... The way I see current scene is that too few long traders get squeeze... hard to fuel the down move.... unless sb with big pocket willing to sponsor the way down...

ok.... long get squeezed... But be careful guys..... dont catch the falling knife....
  • #22,929
  • Feb 17, 2015 8:18am Feb 17, 2015 8:18am
Ouch...longs getting beaten !

For sure, no touch with longs. Same with Silver
COT: The precious data ignored
  • #22,930
  • Feb 17, 2015 8:19am Feb 17, 2015 8:19am
There you go.. this is why price action is very important and it is dangerous to cross fingers and hope the trade will work.. If you cannot read whats going on do not take the trade!!
Quoting ClockTrader
{quote} I tested a long for a reason.. I was feeling good.. I love when PA is relaxed & stable. Then it got a little volatile on M5.. then I thought I should be conservative in this scenario.. PA is the last thing any of us should trust blindly.. Take a position & cross your fingers.. better go away from the system. Trade light & safe!
  • #22,931
  • Feb 17, 2015 8:19am Feb 17, 2015 8:19am
Long test stopped @ 1219
Hello World!
  • #22,932
  • Feb 17, 2015 8:20am Feb 17, 2015 8:20am
Quoting jasakreatif
i'm waiting blue circle area , i'm tired long at current level area {image}
ochww sshistlt

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Click to Enlarge Name: XAUUSDH4a.png Size: 57 KB
  • #22,933
  • Feb 17, 2015 8:21am Feb 17, 2015 8:21am
Quoting Xxavier
There you go.. this is why price action is very important and it is dangerous to cross fingers and hope the trade will work.. If you cannot read whats going on do not take the trade!! {quote}
I will say those who long got manipulated.... It is easy to get manipulated by PA....
  • #22,934
  • Feb 17, 2015 8:22am Feb 17, 2015 8:22am
Quoting Xxavier
There you go.. this is why price action is very important and it is dangerous to cross fingers and hope the trade will work.. If you cannot read whats going on do not take the trade!! {quote}
I wonder how do you know I was not able to read whats going on? If I crossed my fingers, that doesn't mean I did not analyze.

There are guys who made 100% in a contest in about 24 hrs... I made only 2% :-)

I keep wondering about the trading skillsets of fellas here..

Any good guys of that type here?
Hello World!
  • #22,935
  • Feb 17, 2015 8:25am Feb 17, 2015 8:25am
i just shorted this consolidation breakout
still some pips to 1200
Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 21 KB
Reaction is better than Prediction
  • #22,936
  • Feb 17, 2015 8:26am Feb 17, 2015 8:26am
I am not sure if its manipulation... Look at the volume of move up after 9:00am hourly bar and if you were watching the action since 8:00am (all eastern time) the direction was not clear.. and my point is when it doubt leave it alone, don't hope that it will work..
Quoting andySu
{quote} I will say those who long got manipulated.... It is easy to get manipulated by PA....
  • #22,937
  • Feb 17, 2015 8:27am Feb 17, 2015 8:27am
I am with you on that short with small lots to begin with
Quoting mikajap
i just shorted this consolidation breakout still some pips to 1200 {image}
  • #22,938
  • Feb 17, 2015 8:30am Feb 17, 2015 8:30am
Quoting ClockTrader
{quote} I wonder how do you know I was not able to read whats going on? If I crossed my fingers, that doesn't mean I did not analyze. There are guys who made 100% in a contest in about 24 hrs... I made only 2% :-) I keep wondering about the trading skillsets of fellas here.. Any good guys of that type here?
Plenty of guys here.

The thing is, check who is on top on a monthly basis, you will notice they are different all the time. You cannot always trade all in and be successful.
COT: The precious data ignored
  • #22,939
  • Feb 17, 2015 8:32am Feb 17, 2015 8:32am
Quoting ClockTrader
{quote} I wonder how do you know I was not able to read whats going on? If I crossed my fingers, that doesn't mean I did not analyze. There are guys who made 100% in a contest in about 24 hrs... I made only 2% :-) I keep wondering about the trading skillsets of fellas here.. Any good guys of that type here?
Proper bankroll management would almost never allow a 100% gain that fast. I have done it many times and always gave it back. I'm working greatly on my management now and I'm confident I will have a very successful career and a much happier, less stress filled life
  • #22,940
  • Feb 17, 2015 8:33am Feb 17, 2015 8:33am
Quoting Xxavier
I am with you on that short with small lots to begin with {quote}
be careful of stopping volume... SLs hunting is still on... esp with news about to be released in 30 mins....
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