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  • #25,081
  • Apr 10, 2015 3:51am Apr 10, 2015 3:51am
Now that bullish movement was to be expected IMO...the pair had a hard time breaking down further yesterday unlike the EUR pairs that seems to be taking a plunge down the rabbit hole. I need to monitor what happens from here for a while before taking a position.
Less is more...
  • #25,082
  • Apr 10, 2015 4:01am Apr 10, 2015 4:01am
it was jamming againt the 194 level - i suspected it migh up a little, easy one for big players, if its holding at level over and over, just takes one or two big trades to push price either way, because if market is at equilibrium, your big trade is going to push it either way - good money for the big guys -

im hoping for a down, will save me £1000, but the little up just made me £300, the loss is hedged from last week - im not sure it will go down, my instinct tells me 1220
  • #25,083
  • Apr 10, 2015 4:04am Apr 10, 2015 4:04am
dollar is up more today - shouldnt this be bringing gold down or are the big boys gettng in early before dollar does its nose dive
  • #25,084
  • Apr 10, 2015 4:49am Apr 10, 2015 4:49am
I think PUTIN is selling EUROS & Buying Gold... .and this action is killing SHORTERS.....
  • #25,085
  • Apr 10, 2015 5:35am Apr 10, 2015 5:35am
took a stab at some longs after yesterday's drop. Not sure if I'll hold these over the weekend. If 1200 fails to hold, I'm out.
  • #25,086
  • Apr 10, 2015 7:06am Apr 10, 2015 7:06am
is she going down or is this the pre US morning show before more ranging - im hoping for a down to 182 but this mornings spike got me worried - gold has been quiet last day or two and this forum
  • #25,087
  • Apr 10, 2015 7:20am Apr 10, 2015 7:20am
Quoting Mitchoss
took a stab at some longs after yesterday's drop. Not sure if I'll hold these over the weekend. If 1200 fails to hold, I'm out.
IMO it's likely it will touch 1213/1219 before dropping to 1190 area.
  • #25,088
  • Apr 10, 2015 7:38am Apr 10, 2015 7:38am
corrective to 1212
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i am iranian Trader
  • #25,089
  • Apr 10, 2015 7:56am Apr 10, 2015 7:56am
he-he, keep shorting..

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  • #25,090
  • Apr 10, 2015 8:10am Apr 10, 2015 8:10am
Quoting heispark
{quote} Hope you hopped in by now......
missed the train yesterday
hopped in today @1121.36

how are you doing?
  • #25,091
  • Apr 10, 2015 8:10am Apr 10, 2015 8:10am
Quoting Waitnsee
it was jamming againt the 194 level - i suspected it migh up a little, easy one for big players, if its holding at level over and over, just takes one or two big trades to push price either way, because if market is at equilibrium, your big trade is going to push it either way - good money for the big guys - im hoping for a down, will save me 1000, but the little up just made me 300, the loss is hedged from last week - im not sure it will go down, my instinct tells me 1220
I would be grateful should you or any other member in our forums be able to give more information about the way you all hedge or the generaly safer way of hedging. Do we have a dedicated thread related to this topic? I have been struggling to find quality applicable information/strategies on hedging. I've been a trader for quite sometime but do not hedge simply because I am not sure if I am doing it the right way, too scared etc. I am also ready to take up paid trainings on hedging.

Any help in this regard will be highly appreciated. Thanks.
  • #25,092
  • Apr 10, 2015 9:03am Apr 10, 2015 9:03am
Added short at 1209 with first target of 1200.
"The market can remain irrational longer than you can remain solvent"
  • #25,093
  • Apr 10, 2015 9:06am Apr 10, 2015 9:06am
Quoting Karpa
{quote} missed the train yesterday hopped in today @1121.36 how are you doing?
Excellent! My entry was 1122.85...
Have a nice weekend.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #25,094
  • Apr 10, 2015 9:11am Apr 10, 2015 9:11am
ive two basic strategies i do to hedge - if you want to contact me messge me ill try explain

i know a millionaire trader who always hedges - hes who i follow

with oil which i mainly do, it ups and downs so much your stop would be hit 8-90/% = with hedge you get locked into position thus you decide your loss target, but its not realised loss - like eg with gold today, i was short hoping for 182, i hedged at 205, long, it got hit, now il wait to see if it goes to 225 whereby ill remove long in profit, and wait to see if gold falls back down below 1200, ill also rehedge above my long stop at 1229

the other way is to let your hedge position act like a brake, so if gold goes up, say to 225, your 205 is your stop loss, just stop loss it at break even, leave, if it goes up your green, if it falls down it stops you out break even then if trend is still down hopefully it goes towards your orginal position and stops that too

for me its a safe guard, its not easy and not the best way to trade, but for me it works

saved me thousands this week
  • #25,095
  • Apr 10, 2015 9:16am Apr 10, 2015 9:16am
Quoting heispark
{quote} Excellent! My entry was 1122.85... Have a nice weekend.
haha that's a huge difference
gotta check my exits, I tend to exit early.

Have a nice weekend yourself
  • #25,096
  • Apr 10, 2015 12:31pm Apr 10, 2015 12:31pm
Quoting Waitnsee
ive two basic strategies i do to hedge - if you want to contact me messge me ill try explain i know a millionaire trader who always hedges - hes who i follow with oil which i mainly do, it ups and downs so much your stop would be hit 8-90/% = with hedge you get locked into position thus you decide your loss target, but its not realised loss - like eg with gold today, i was short hoping for 182, i hedged at 205, long, it got hit, now il wait to see if it goes to 225 whereby ill remove long in profit, and wait to see if gold falls back down below...
Thanks man. Sent you PM
  • #25,097
  • Apr 10, 2015 1:24pm Apr 10, 2015 1:24pm
Having made a bit of analysis on this pair and did some research as well, although I'm not the type of trader that constantly tries to predict price directions but I will say this...this bear run has lost steam. We might see around 1280 by the end of this month...that been said I am going long from next week.

Inserted Video
Less is more...
  • #25,098
  • Apr 10, 2015 5:09pm Apr 10, 2015 5:09pm
Quoting Mitchoss
took a stab at some longs after yesterday's drop. Not sure if I'll hold these over the weekend. If 1200 fails to hold, I'm out.
Hello Mitchoss, it is great to see you trading again, just if you allow me to ask, how is your stoploss strategy, I mean how you exit a losing strategy, do you have a technical stoploss, or it is an estimated amount or percentage of your account? thanks
  • #25,099
  • Apr 11, 2015 12:08am Apr 11, 2015 12:08am
Quoting ajantala
Having made a bit of analysis on this pair and did some research as well, although I'm not the type of trader that constantly tries to predict price directions but I will say this...this bear run has lost steam. We might see around 1280 by the end of this month...that been said I am going long from next week. https://www.youtube.com/watch?v=kkwiQmGWK4c
You might wanna check this:

http://www.seasonalcharts.com/future_metalle_gold.html

My Golden seasons are similar, but, based on ancient Indian festivals... core remains same..

http://www.goldguru.in/blog/golden-seasons/
Hello World!
  • #25,100
  • Apr 12, 2015 2:28pm Apr 12, 2015 2:28pm
Quoting ajantala
Having made a bit of analysis on this pair and did some research as well, although I'm not the type of trader that constantly tries to predict price directions but I will say this...this bear run has lost steam. We might see around 1280 by the end of this month...that been said I am going long from next week. https://www.youtube.com/watch?v=kkwiQmGWK4c
but long from where
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