{quote} Hey I have a long position taken at 1215...
Dangerous
But worth the risk if you manage to enter the correct trade,gonna sell sell sell next week, see what the market has to offer first
One Punch, One Kill
{quote} Dangerous
Jias...
it's been proven, reversal are not good option to greet gold price, at least for past 2 years.
and there's no doubt NFP release boost gold price, always. to be honest market are always at winning side especially when we worries too much, but during nfp event are truly good spot for place an order, good opportunity I think. currently I try to implement breakout trading system, gold trading during nfp, predefined stop loss, and trailing for active positive entry position (I think many already try these, but I would give a try with more detailed approach). but it's not easy to find good place to made 'honest' entry during nfp release, even for research purpose this task are hard, and most trading platform being 'harsh' during those time.
these are weekly gold chart, I shift to line chart to reduce and disruption from kage (candle swing price).
another clear break below 2nd redline would ruin gold price even more, and seem market are keen to have more cheaper gold price.
and there's no doubt NFP release boost gold price, always. to be honest market are always at winning side especially when we worries too much, but during nfp event are truly good spot for place an order, good opportunity I think. currently I try to implement breakout trading system, gold trading during nfp, predefined stop loss, and trailing for active positive entry position (I think many already try these, but I would give a try with more detailed approach). but it's not easy to find good place to made 'honest' entry during nfp release, even for research purpose this task are hard, and most trading platform being 'harsh' during those time.
these are weekly gold chart, I shift to line chart to reduce and disruption from kage (candle swing price).
another clear break below 2nd redline would ruin gold price even more, and seem market are keen to have more cheaper gold price.
{quote} Your prediction is right, its moving worse... But its of no use if I close the position, so planning to hold further...
and for worst case, better prepare to made sure it hold untill 1136 level ( yellow line). gold price are ranging their bullish step right from 980, jump to 1100, and 1130 are important door step, I'm sure most gold traders would hold these important line wholehearted.
{quote} if you plan to hold much longer, had a close attention at march 2010 price. 1160 are major resistance , and today current price are about to test those range. and for worst case, better prepare to made sure it hold untill 1136 level ( yellow line). gold price are ranging their bullish step right from 980, jump to 1100, and 1130 are important door step, I'm sure most gold traders would hold these important line wholehearted.
Jias...
{quote} oh well...got my hawkish, i mean monkish eye on CAD, its going well but i missed the Gold, got my SL from the retrace
Jias...
