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- 32 Results (31 Replies , 1 Comment )
- TotallNewbie replied Apr 3, 2015
As I have suggested to one of the trader here before, I don't recommend hedging for new trader. It's painful to take loss but you really have to take the loss sometimes to prevent further damage to yourself. Even big brokerage firm like OANDA ...
- TotallNewbie replied Mar 24, 2015
To be honest, I don't get your supermarket analogy. Since you mentioned you will follow the later, it seems like you didn't respond to the next two peak out candles. Maybe I should go to read up the working theory behind VVSA first. Do you have any ...
- TotallNewbie replied Mar 21, 2015
Actually I am just curious to know about the theory behind VVSA. Quoting the chart you have posted @post 24714, isn't it very confusing if the volume bar was red and then turn white? How do you choose red/white bar to make your entry?
- TotallNewbie replied Mar 21, 2015
I don't recommend hedging for beginner. Just cut loss when the trade goes wrong and try again from another entry point. Try to focus one directional trading (either focus long only or short only). Then, learn how to long from support and short from ...
- TotallNewbie replied Mar 20, 2015
Yeah, probably Clock should just share with us on how to analyse using VVSA rather than just telling us it is bottom/top suddenly. I bet most traders here have no idea what do you mean by bottom/top out without a chart to illustrate it. You can ...
- TotallNewbie replied Mar 6, 2015
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 ...
- TotallNewbie replied Feb 1, 2015
I don't think this is allowed. This could cause serious market manipulation issues. I am not sure how the price works exactly but it should just work like normal stock exchange. There are always people queueing at BID and ASK. For eg: the Swiss ...
- TotallNewbie replied Jan 30, 2015
If it is back to consolidation area, I wouldn't quit my long (with the risk of BE). I will consider to keep on holding or tp only when 1300 is retested. Round figure is always every trader's favourite
- TotallNewbie replied Jan 30, 2015
Don't doubt her, I think she is a professional trader. Her analysis accuracy is quite high as I have observed within these few days.
- TotallNewbie replied Jan 30, 2015
I can't really see where is gold heading at the moment but I expect a temporary support around 1256 (simple moving average 250 on daily chart). Personally, I will go long as long as 1256 is able to hold and stop loss when 1250 is taken out.
- TotallNewbie replied Jan 21, 2015
Doji is formed on daily chart. Please beware of incoming retrace if today daily candle is closed below the doji.
- TotallNewbie replied Jan 21, 2015
I strongly don't recommend prediction for trading, that will make you have bias on your decisions. Just follow the chart using your own indicators, that's the way for you to survive in trading. A good trader does not need to be good at prediction, ...
- TotallNewbie replied Jan 20, 2015
It is a common pitfall that people trade just because they want gold to go to the direction they think it is. As a trader, I think we should just follow what we see in the chart and follow the trend instead. Try to take a step back and look at the ...
- TotallNewbie replied Jan 18, 2015
Ok I see. Of course gold won't just go uptrend without retrace/consolidation. Different indicators can be useful in different situations. Your VSA could be more sensitive to these changes. It may retrace or side way for a few days but in longer term ...
- TotallNewbie replied Jan 18, 2015
Sorry if I sound against you. I actually do not mean it as I don't have any position in gold now. Just speaking plainly from the H1 chart you have posted, I don't think that is double tops. In fact it is higher top and supported by the white ...
- TotallNewbie replied Jan 18, 2015
I don't know how to interpret inchimoku cloud well so I can't judge from this point of view. However, from moving averages and volume point of view, I can't agree bear is about to strike when all candles are staying above all moving averages with ...
- TotallNewbie replied Jan 13, 2015
You can still hold short if you are going to hold your positions over weeks/months and manage your margin level well. Yes, down trend is not over from daily time frame yet unless it breaks through 1260. However this could be very misleading to ...
- TotallNewbie replied Jan 12, 2015
Try looking at dow30, s&p500 and NQ100 future, you may have your answer there.
- TotallNewbie replied Jan 12, 2015
this is something new to me too, how do you calculate the parabolic curve? why is it important to hold gold price?
- TotallNewbie replied Jan 9, 2015
You can't expect NFP result to be the sole factor affecting gold. The result will have short term effect when it was first released only. Dowjones, dax and s&p500 are all in red today, they affect gold in certain way too. Besides, if you look at ...