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Only Gold!

  • #24,261
  • Mar 6, 2015 11:13am Mar 6, 2015 11:13am
Quoting anton.olff
{quote} It has gone down...but I may take a small long here.
Good luck, i feel like a total moron for going long, was doing great today this week now had to make this dumb counter trend prayer play. Highly doubt we're not going to see 1180 sometime in next week though, I'll get out there. Could go way higher too but I'll be happy with that.
  • #24,262
  • Mar 6, 2015 11:14am Mar 6, 2015 11:14am
OK...what the hell. Long at 1166 to 1180 with SL @1158
"The market can remain irrational longer than you can remain solvent"
  • #24,263
  • Mar 6, 2015 11:15am Mar 6, 2015 11:15am
Quoting Ck87
{quote} Good luck, i feel like a total moron for going long, was doing great today this week now had to make this dumb counter trend prayer play.

Likely you are NOT a moron, just a trader looking for a good entry.
"The market can remain irrational longer than you can remain solvent"
  • #24,264
  • Mar 6, 2015 11:18am Mar 6, 2015 11:18am
If you look at daily chart, this massive drop has low volume, I think an attempt for a huge rebound within 1150-1160 range will worth the risk/reward ratio.

Edit: try to use lower TF(5m or 15m) to get the best entry when the candles are flattening and starting curve up.
  • #24,265
  • Mar 6, 2015 11:47am Mar 6, 2015 11:47am
What a drop!!!

Close my short position few hours before NFP, scared that it may have negative data due to the fact that it has been having consistence positive data since December 2014.
  • #24,266
  • Mar 6, 2015 11:49am Mar 6, 2015 11:49am
Really disappointed in myself, doesn't look like it's going to stop dropping here either, probably 1150.
  • #24,267
  • Mar 6, 2015 11:51am Mar 6, 2015 11:51am
Quoting ClockTrader
Rough week, bad week.. for me.. Trade light & safe! Wish you all a great weekend ahead!
Wishing you a better week ahead!!!
  • #24,268
  • Mar 6, 2015 11:52am Mar 6, 2015 11:52am
Quoting tatrader74
Hello traders Let me introduce myself. I trade in futures markets for 15 years. I watching this thread for months, so I decided to share my trades with you. Ok, let's move to gold.Today is good opportunity to sell a gold and hold the position till 24. march theoretical (see the table below) {image}

More or less seasonality works
  • #24,269
  • Mar 6, 2015 11:53am Mar 6, 2015 11:53am
Quoting Ck87
Really disappointed in myself, doesn't look like it's going to stop dropping here either, probably 1150.
for me, no more looking at the chart again until next week,
  • #24,270
  • Mar 6, 2015 11:58am Mar 6, 2015 11:58am
Quoting oladinpeter
{quote} for me, no more looking at the chart again until next week,
Nice, ,I'm just watching it take more of my money. Extremely depressing to screw up on this one. Oh well, hopefully get it back next week although I should just take the loss and accept it was a terrible trade. My worst trade in weeks, they sure have no problem letting oil shoot up from the lows.. thieves.
Welp, have a great weekend folks
  • #24,271
  • Mar 6, 2015 12:31pm Mar 6, 2015 12:31pm
Quoting FXRobert
Nice fibo {image}
for the reminder 20 january 2015
I expected
Attached Image (click to enlarge)
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  • #24,272
  • Mar 6, 2015 2:11pm Mar 6, 2015 2:11pm
next week or so gold is expected to go to 1140 - 1150 areas just to move back to 1300 or above... spx500 is expected to get a crunch it deserves for a few weeks now... i'll long 100 lots for mid to long term at 1154 or below. wish u all happy trading.
  • #24,273
  • Mar 6, 2015 2:35pm Mar 6, 2015 2:35pm
Quoting FXRobert
{quote} for the reminder 20 january 2015 I expected {image}
yep, it's a game of probability, if gold had turned the other way i'm sure someone else would have come up with his chart saying i told you so.
  • #24,274
  • Mar 6, 2015 8:20pm Mar 6, 2015 8:20pm
Looking for gold to reach lower areas 1140~1127 next week, may the pips be with us
One Punch, One Kill
  • #24,275
  • Mar 6, 2015 9:04pm Mar 6, 2015 9:04pm
All shorts are done at the moment,for at least until next week,it hit a 2month low so a rebound to 1180-1190 is estimated before continuing its downtrend.We've got the euro beginning its massive QE on monday 9th of March and the FOMC meeting on the 17th of March..As well that drop was a stoploss hunting drop nothing more..It is expected that it drops to the range to 1130 to 1120 before rebounding to 1300 levels..my 2 cents...
  • #24,276
  • Mar 6, 2015 9:59pm Mar 6, 2015 9:59pm
Quoting anton.olff
{quote} Likely you are NOT a moron, just a trader looking for a good entry.
Yea, we not only make mistakes, but blunders too..

I'm pissed off not coz of the little loss, but the opportunities I've been missing.. It does suck sometimes..

but, at the end of day, we need to find peace with ourselves..

Staying pissed & angry won't help..

Refining strategy will...
Hello World!
  • #24,277
  • Mar 6, 2015 9:59pm Mar 6, 2015 9:59pm
Quoting oladinpeter
{quote} Wishing you a better week ahead!!!
need good wishes more than ever before :-)
Hello World!
  • #24,278
  • Mar 6, 2015 10:03pm Mar 6, 2015 10:03pm
There is another contest which I plan to participate in.. I encourage fellas to register & participate too..

http://www.myfxbook.com/contests/for...hoice/27/rules

Its not fun for me.. rather real exercise & encouraging..

Just coz its demo, don't forget MM..
Hello World!
  • #24,279
  • Mar 6, 2015 10:11pm Mar 6, 2015 10:11pm
Quoting anton.olff
OK...what the hell. Long at 1166 to 1180 with SL @1158
It should find support in the 1150-65 range for a few days or a week or so.. IMO

a nice bounce from this range.. and thereafter bear biz will resume..

When I gave tentative June-July range of 1000-1100, I didn't know we were heading so fast..

PS: I've always been weak in bearish markets.. but hope to improve..
Hello World!
  • #24,280
  • Mar 7, 2015 7:14am Mar 7, 2015 7:14am
Attached Image (click to enlarge)
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Ro IMRAN Ro
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