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Only Gold!

  • #23,321
  • Feb 20, 2015 1:44pm Feb 20, 2015 1:44pm
My simplified 2 kinds or retracement/reversal, doesn't matter if it's pin bar or not:
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The only winner is the one who survive the longest...
  • #23,322
  • Feb 20, 2015 1:59pm Feb 20, 2015 1:59pm
Quoting kuroro001
{quote} This time its very important. Its either time for 1230 or a break down. I'm staying awake

Bro, you had quite a few spot on trades for your calls during the last 24 hrs. To me those areas are highly contested area. Either it breaks or bounce. Lot of beers you made.
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The only winner is the one who survive the longest...
  • #23,323
  • Feb 20, 2015 2:50pm Feb 20, 2015 2:50pm
What CT saying is if you do not post your entries right after or before you take the trade then do not bother posting your profit or loss as it won't help any. Do not take this personal there are so many charlatans here in FF, I know one person in this thread personally (live in the same city) who has been trading for 5 years but still do not have a clue how to trade forex. He still post in this thread and several others pretending to be an expert. He does not post all his entries (hes trading demo) and the ones he post are after the fact also he always post levels that other people need to take trades etc.. These type of postings are counter productive buddy..

Quoting don73
{quote} I understand ct. Well ill try this one. Here's my trading plan for gold. as ive said i have on going short and will TP at 1200. Then depending on PA I will open a short if it breaks 1198-1197. TP will be at 1180. If bounce at 1200 is strong i will take long and will TP at 1220. No SL on both trade. These plan may be vague for some. I dont know. But thats how im going to play it. No judging please. im a newbie and still finding ways to better improve my trading method. =)
  • #23,324
  • Feb 20, 2015 3:53pm Feb 20, 2015 3:53pm
Quoting Idkurv
{quote} I like your trading , very good management
i'm on bad management with gold , look

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  • #23,325
  • Feb 20, 2015 4:12pm Feb 20, 2015 4:12pm
Anyone seeing gold up on the daily ?
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  • #23,326
  • Edited 7:30pm Feb 20, 2015 4:21pm | Edited 7:30pm
Quoting Delta1One
Anyone seeing gold up on the daily ? {image}
Ichimocku , analyse this what I posted here.

Chikou span says top band is offering resistance. At least on first attempt it should bounce from here. The cloud is not so thick, so the chikou may break after first bounce.

In this daily chart, look at what happened on 9 th December for example. The bounce was resisted because bottom band offered resistance for chikou, However in the second attempt both bottom and top bands were broken and so went bullish.

For the daily to be bearish I want chickou to be below cloud.

Having said that look at 4 hr chart. It is bearish.
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Intraday only.
  • #23,327
  • Feb 20, 2015 4:31pm Feb 20, 2015 4:31pm
See why the bounce failed at 1215 today. ICHI, CHIKOU the beauty top band offered resistance.

The chikou tried to break the upper band twice, failed, so fell.
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Intraday only.
  • #23,328
  • Feb 20, 2015 4:42pm Feb 20, 2015 4:42pm
Quoting navk
{quote} Ichimocku , analyse this what I posted here. Chikou span says top band is offering resistance. At least on first attempt it should bounce from here. For the daily to be bearish I want chickou to be below cloud. Having said that look at 4 hr chart. It is bearish. {image} {image}
Indeed. But seems your daily cloud has started to reverse.

On H4 I agree still bearish but I see a beginning shiny divergence between prices lows vs MACD.

And it seems 61.8 on the daily is offering resistance. This is the main reason I'm taking a little try here. If this crush I'll move away. Will see. Anyway D1 is very slow. So further develops may take time. D1 has been trending on higher highs and higher lows recently. A wave down may have completed and a new impulse could start. Let's see.
  • #23,329
  • Feb 20, 2015 4:46pm Feb 20, 2015 4:46pm
Quoting Delta1One
{quote} Indeed. But seems your daily cloud has started to reverse. On H4 I agree still bearish but I see a beginning shiny divergence between prices lows vs MACD. And it seems 61.8 on the daily is offering resistance. This is the main reason I'm taking a little try here. If this crush I'll move away. Will see. Anyway D1 is very slow. So further develops may take time. D1 has been trending on higher highs and higher lows recently. A wave down may have completed and a new impulse could start. Let's see.
I agree D1 cloud started to reverse but chikou is interestingly poised. I expect one bounce at least in D1.
Intraday only.
  • #23,330
  • Feb 20, 2015 4:53pm Feb 20, 2015 4:53pm
From the daily ICHI, you can see the targets can be 1226 to 1236 min. However Chicou should reverse for this to happen.
Intraday only.
  • #23,331
  • Feb 20, 2015 6:40pm Feb 20, 2015 6:40pm
Quoting sgkrishn
{quote} Still pressure is on downturn.I guess {image}
You are right.
  • #23,332
  • Feb 20, 2015 6:56pm Feb 20, 2015 6:56pm
Quoting Delta1One
Anyone seeing gold up on the daily ? {image} {image}
Interesting location on the daily breaking above the 1200 was pretty good resistance area in the past.
On the 4H, never broke above a swing high during the entire down-trend so technically needs to break above 1215 area now before the uptrend can start.
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  • #23,333
  • Feb 20, 2015 7:15pm Feb 20, 2015 7:15pm
Quoting Xxavier
What CT saying is if you do not post your entries right after or before you take the trade then do not bother posting your profit or loss as it won't help any. Do not take this personal there are so many charlatans here in FF, I know one person in this thread personally (live in the same city) who has been trading for 5 years but still do not have a clue how to trade forex. He still post in this thread and several others pretending to be an expert. He does not post all his entries (hes trading demo) and the ones he post are after the fact also he...
Hi xxavier. Thanks for the comment. Please dont misunderstood my posts. Im not implying im an expert and im far from being one. as you can see i always mention im a newbie. also what i understand from ct is that he wants me to at least share my trading plan. I cannot exactly say where i will take it but i did say my criteria on when i will enter the market. And i also diddnt say that people who read it should follow what i said. I did my best on how to explain my trade plan because im not really used in sharing my thoughts. I find it hard to explain things.also in my post i said i will tp at 1200. But it took another half a day before it reached that point right? from the time i first posted, it first went up before finally going down. So maybe i didnt said it too late right? again, please do not misunderstood my posts. Im new in forums. I'll try my best to share whatever i can. And again you dont have to follow it As i believe we are all different type of traders. What is good for me might not be good for other people.
  • #23,334
  • Feb 20, 2015 7:18pm Feb 20, 2015 7:18pm
Quoting srt
{quote} Interesting location on the daily breaking above the 1200 was pretty good resistance area in the past. On the 4H, never broke above a swing high during the entire down-trend so technically needs to break above 1215 area now before the uptrend can start. {image}
Indeed. You are right. In case break above 1215, and if the next swing low is higher low and supportive, then nice area to enter/build-up. That's where I'd like to go with another entry if we see this scenario.
  • #23,335
  • Feb 20, 2015 7:30pm Feb 20, 2015 7:30pm
It's do or die for gold, notice the channel. Weekly momentum is down, I was warning once Daily and Weekly momentum came down gold would fall off a cliff, and it's already happened and is happening. There is still much downside to come, Gold will hit 1k in coming months/years and go lower probably. Good luck.
84% long on IC markets which is ABSURDLY high. Don't expect the majority to be right, although it could certainly bounce. Gold is in big big big trouble.. 1180 pivotal point is a massive level that should not be forgotten. It held last time after some bouncing, this time may be a bit different.
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  • #23,336
  • Feb 20, 2015 8:49pm Feb 20, 2015 8:49pm
Okay I understood your point now. Sorry I misunderstood you, I thought you are like the one idiot who post all kinds of analysis here but he does not take trades (he know he will go bankrupt if he takes his trades) based on the analysis he post and also give "expert advise" to everyone... I hate people like that.. I do not post much here because of idiots like that... Anyways, good luck buddy.. One small thought, you will find yourself that analysis is one thing and entering a trade based on the analysis is a whole different ball game. So try to post your trades after you take it, that way it might be useful for someone reading it here.

Quoting don73
{quote} Hi xxavier. Thanks for the comment. Please dont misunderstood my posts. Im not implying im an expert and im far from being one. as you can see i always mention im a newbie. also what i understand from ct is that he wants me to at least share my trading plan. I cannot exactly say where i will take it but i did say my criteria on when i will enter the market. And i also diddnt say that people who read it should follow what i said. I did my best on how to explain my trade plan because im not really used in sharing my thoughts. I find it hard...
  • #23,337
  • Feb 20, 2015 9:40pm Feb 20, 2015 9:40pm
Quoting Xxavier
Okay I understood your point now. Sorry I misunderstood you, I thought you are like the one idiot who post all kinds of analysis here but he does not take trades (he know he will go bankrupt if he takes his trades) based on the analysis he post and also give "expert advise" to everyone... I hate people like that.. I do not post much here because of idiots like that... Anyways, good luck buddy.. One small thought, you will find yourself that analysis is one thing and entering a trade based on the analysis is a whole different ball game....
I understand. I hate those type of people too. I also agree with what you said that analysis is way different than when you are actually entering the trade. And IMO the reason for that is the emotional and psychological factors that are invlove. Anyway, ill try to post whenever i enter the market. As of the moment i dont have any position since PA doesnt fit the criteria i stated on my previous post. Good luck to you buddy..
  • #23,338
  • Feb 20, 2015 10:01pm Feb 20, 2015 10:01pm
Quoting jasakreatif
{quote} i'm on bad management with gold , look {image}
Ouch..did you add long when gold is declining?
I think 2 long positions as per your previous post is good as your 1st long entry sl has been above the long entry.
My sl 1210 was hit first before reaching 1215, so I missed 5.
  • #23,339
  • Feb 20, 2015 10:02pm Feb 20, 2015 10:02pm
Quoting kinspk
{quote} Bro no offense, just sharing. When multiple candles with this kind of wicks, the directions are down towards the wick, to absorb order or etc, sorry, do not know how to describe it. (Especially in low timeframe) You can try back track all 5mins candles of these kinds. That is why I don't use candle sticks for analysis even though I studied a lot on candles.
I can be wrong many times.. feel free to point out when I am :-)

no issues at all..

I hope I shall be able to refine my analysis over the next few months..
Hello World!
  • #23,340
  • Feb 20, 2015 10:04pm Feb 20, 2015 10:04pm
Quoting jasakreatif
{quote} i'm on bad management with gold , look {image}
I can bet.. you are..

Trade light & safe mate!
Hello World!
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