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  • #26,401
  • Oct 11, 2015 8:45am Oct 11, 2015 8:45am
Quoting babaz7
Any views on gold?
I know it's hard, but I still wait as I told you about this high: "This is my "plan B". It means I'll add sell stil hoping for a drop = direction down". And yes there's a plan "C". Somehow do not belive in this xau/usd rally up. If it goes much further, Ill have a trouble to solve it
but it woudn't be first time.

Do you still hold 1.100 position ?

Regards

Iztok
  • #26,402
  • Oct 11, 2015 8:48am Oct 11, 2015 8:48am
Quoting Iztok
{quote} I know it's hard, but I still wait as I told you about this high: "This is my "plan B". It means I'll add sell stil hoping for a drop = direction down". And yes there's a plan "C". Somehow do not belive in this xau/usd rally up. If it goes much further, Ill have a trouble to solve it but it woudn't be first time. Do you still hold 1.100 position ? Regards Iztok
Yes still holding shorts from 1108,1117,1127 and 1157 hoping for a drop.
  • #26,403
  • Oct 11, 2015 12:27pm Oct 11, 2015 12:27pm
Quoting babaz7
{quote} Yes still holding shorts from 1108,1117,1127 and 1157 hoping for a drop.
if 1168 hold, then this patten could be valid. Targetting 1130 area.

Attached Image
  • #26,404
  • Oct 11, 2015 4:57pm Oct 11, 2015 4:57pm
Quoting nicefirework
{quote} if 1168 hold, then this patten could be valid. Targetting 1130 area. {image}
I just hope becouse Monday are usualy slow trafic day and tomorow hollydays that this scenario is completly wrong :

http://shrani.si/f/M/N3/34AuajY6/1/send-ff.jpg

Regards

Iztok
  • #26,405
  • Oct 11, 2015 5:00pm Oct 11, 2015 5:00pm
Hi all, good luck this week for all of us,
for me i am selling gold Tp 1138.10
good luck all again, cheers
Let me fill my acount wallet then will take Ur advice
  • #26,406
  • Oct 11, 2015 10:46pm Oct 11, 2015 10:46pm
Quoting babaz7
{quote} Yes still holding shorts from 1108,1117,1127 and 1157 hoping for a drop.
I can't see any signs of peak-out yet. Maybe today or tomorrow or when? No sweat, let's see..​
Hello World!
  • #26,407
  • Oct 11, 2015 10:58pm Oct 11, 2015 10:58pm
Quoting ClockTrader
{quote} I can't see any signs of peak-out yet. Maybe today or tomorrow or when? No sweat, let's see..​
I just hope it peaks out before 1200 otherwise my account will be wiped unless I put in more funds.
  • #26,408
  • Oct 12, 2015 1:33am Oct 12, 2015 1:33am
short @1165
  • #26,409
  • Oct 12, 2015 1:33am Oct 12, 2015 1:33am
Quoting nicefirework
short @1165
Whats your tp?
  • #26,410
  • Oct 12, 2015 2:22am Oct 12, 2015 2:22am
Quoting babaz7
{quote} Whats your tp?
tp 1135, stop 1169.
  • #26,411
  • Oct 12, 2015 6:05am Oct 12, 2015 6:05am
Look fella, I would strongly advise you to get out of your gold short positions straight away. You are holding far too much risk, on the hope of a punt that price will turn any time soon, and then bang back down to the bottom of the chart.

It may not happen before it destroys your account!? What is left of your account now, and the money that you will have to throw in to keep it alive, is best saved for another day. A small account is much, much better than no account at all, and psychologically beneficial too.

My advice is to save your money NOW, and then at least you are still alive to fight another day. This is me talking from bitter experience! Most of us have been there, and know it makes sense. Gold at this rate might not stop until the 1520 mark/ Who knows where it will stop? It might also turn around and start heading south later today, but who knows or cares? You can always re-enter the market you know!

Whatever you do, let us know, and good luck with your future trading. It looks to me like you strongly need to work on your money management. Tight stops, and letting winners run. Ever heard of that phrase before? It's the key to trading success in my honest opinion.



Quoting babaz7
{quote} I just hope it peaks out before 1200 otherwise my account will be wiped unless I put in more funds.
"Never interrupt your enemy when he is making a mistake" Napoleon Bonaparte
  • #26,412
  • Oct 12, 2015 7:03am Oct 12, 2015 7:03am
Quoting MushyPeas
Look fella, I would strongly advise you to get out of your gold short positions straight away. You are holding far too much risk, on the hope of a punt that price will turn any time soon, and then bang back down to the bottom of the chart. It may not happen before it destroys your account!? What is left of your account now, and the money that you will have to throw in to keep it alive, is best saved for another day. A small account is much, much better than no account at all, and psychologically beneficial too. My advice is to save your money NOW,...
Thanks for a "another" wiev (point). Very much agree with u. Playing with fire (money) is never easy. I think some can not or do not used hedge option as a final SOS move and this is extra problem for them. Holding position in a fact is not such a crime if you determin :

reverse move
Trade small amounth
have plan "B" (what if...)
and you are right (your guess is corect)

Fact (Facit)is, that such style - walking on edge loaded wit adrenalin & stress - is not for everybody. It demands a kind of allmost 24/7 control of situation and tone of nerve. So not recomended. We all know that Market can longer go in one direction as our pocket holds. Do not ever test this.

Becouse it is going to be lazy Monday I (admit) still hold some sell position.

Good luck to all.

Iztok
  • #26,413
  • Oct 12, 2015 8:15am Oct 12, 2015 8:15am
Price is being manipulated higher for whatever reason, but this move will not last much longer.
  • #26,414
  • Oct 12, 2015 9:19am Oct 12, 2015 9:19am
Quoting Ck87
Price is being manipulated higher for whatever reason, but this move will not last much longer.
Completly agree with you. However there are (as allways) 3 directions open. I just still bet on south (down) this days.

Iztok
  • #26,415
  • Oct 12, 2015 10:27am Oct 12, 2015 10:27am
Long 1161.35
  • #26,416
  • Oct 12, 2015 11:20pm Oct 12, 2015 11:20pm
Quoting Iztok
{quote} Completly agree with you. However there are (as allways) 3 directions open. I just still bet on south (down) this days. Iztok
and you were right both about gold
  • #26,417
  • Edited 2:03am Oct 13, 2015 1:34am | Edited 2:03am
Quoting Iztok
{quote} Completly agree with you. However there are (as allways) 3 directions open. I just still bet on south (down) this days. Iztok
Looks like the manipulation may continue higher after the drop to 1153..... should technically come down lower but they may be going for 1180-1200 first to crush shorts.
It's incredibly obvious that this is being manipulated higher and held up.... once they're done it'll go straight down faster than anyone can believe.
  • #26,418
  • Oct 13, 2015 3:42am Oct 13, 2015 3:42am
Quoting Resta
{quote} and you were right both about gold
It is not " be right". I confess I was guessing. But after 10 years (5 on gold) there's is a feeling that bring you
to such lovely picture when you wake up :

http://shrani.si/f/3j/NF/1wTNhrG1/wh...e-picture-.jpg

And again : at the very moment we have 3 possibility of direction. As allways. That's way I loved Fx.

Iztok
  • #26,419
  • Oct 13, 2015 7:35am Oct 13, 2015 7:35am
Quoting Iztok
{quote} It is not " be right". I confess I was guessing. But after 10 years (5 on gold) there's is a feeling that bring you to such lovely picture when you wake up : http://shrani.si/f/3j/NF/1wTNhrG1/wh...e-picture-.jpg And again : at the very moment we have 3 possibility of direction. As allways. That's way I loved Fx. Iztok
what is the reason behind current spike?
  • #26,420
  • Oct 13, 2015 8:00am Oct 13, 2015 8:00am
Quoting sunny2003nn
{quote} what is the reason behind current spike?
Try to find out, no luck. To me helpfull (put new sells). Maybe even Jimy dont know :
https://vimeo.com/21546510
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