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gnomoneey Nov 1, 2012 9:43pm | Post# 1

All Majors and Gold
 
Rules

1- no swearing or fighting

2- no selling

3- say your views, post charts with reasons

just here to have my views and anyone welcome as long as you follow the rules

thanks,

g

iNSIELD Nov 1, 2012 9:45pm | Post# 2

hey gnomooney wanted to say thank u for the tip and congrats on the new thread I'm sure it will be a successful one

gnomoneey Nov 1, 2012 9:47pm | Post# 3

hey gnomooney wanted to say thank u for the tip and congrats on the new thread I'm sure it will be a successful one

THANKS

come n post please

Orly Nov 1, 2012 9:56pm | Post# 4

Jargon
 
Hi! Thanks for having me here. I have been position trading for several years but...well... that hasn't worked out too well lately. I am interested in trading intraday and I have a question about some terms used.
What does it mean? "e/m and m/e flows" in the overnight hours in the US?

Thanks again! I hope I can get better at this before long!

gnomoneey Nov 1, 2012 9:59pm | Post# 5

reason for taking my trade
 
1 Attachment(s)
xau.usd sold 1715.80 tp 1708

- daily s1 1710
-my trend is still grey which is uptrend but today we are in abit of retracement to daily s1 and also to my grey trendline

Click to Enlarge

Name: xuanov1h1.gif
Size: 29 KB

gnomoneey Nov 1, 2012 10:01pm | Post# 6

reason for taking my ea trade
 
1 Attachment(s)
buy 1.2435 tp 1.2460

- mainly stochastic is at oversold and a little retracement should happen

Click to Enlarge

Name: eanov1h4.gif
Size: 35 KB

gnomoneey Nov 1, 2012 10:08pm | Post# 7

reason for taking my au trade
 
1 Attachment(s)
put a buy order at 1.0380 sl 1.0360 tp open

-reason is a little retracement to my blue and aqua trendline
-a bounce from here is about 1.0380
- this a little risky as stochastic is at overbought and retracement could go for a long drop

Click to Enlarge

Name: aunov1h4.gif
Size: 28 KB

gnomoneey Nov 1, 2012 10:14pm | Post# 8

Hi! Thanks for having me here. I have been position trading for several years but...well... that hasn't worked out too well lately. I am interested in trading intraday and I have a question about some terms used.
What does it mean? "e/m and m/e flows" in the overnight hours in the US?

Thanks again! I hope I can get better at this before long!
sorry dont know what that jargon are ..."e/m or m/e"

mrluckystar Nov 1, 2012 10:20pm | Post# 9

congrate on your new forum..

i see that you are using stoch as one of your tool to decide your entry... i like it coz im also using it.

hope can learn from u more...

best regards.

the redlion Nov 1, 2012 10:25pm | Post# 10

today there will be more on the table than just
my stochastics is oversold, or this or that resistance level or candle formation

We should be positioning ourselves for the releases of the NFEC, employment rate and so on. the claims and ISM report were positive and the markets reacted accordingly. looks like the economy and everything is working out for Obama so far if there is a disappointing figure then we will have a sell off.

your play is : Us economy continues to gain traction

or

Disappointing unemployment rate will trigger pessimism.

seems like the Euro is ready to continue up, or USD down however you want to look at it. The new trend would be if it breaks down at 28

gnomoneey Nov 1, 2012 10:27pm | Post# 11

today there will be more on the table than just
my stochastics is oversold, or this or that resistance level or candle formation

We should be positioning ourselves for the releases of the NFEC, employment rate and so on. the claims and ISM report were positive and the markets reacted accordingly. looks like the economy and everything is working out for Obama so far if there is a disappointing figure then we will have a sell off.

your play is : Us economy continues to gain traction

or

Disappointing unemployment rate will trigger pessimism.
these trades are for only 4hrs to 8 hrs ..hopefully tp wll trigger...

cutieweiyi Nov 1, 2012 10:40pm | Post# 12

My Gold@1716, Please help!
 
guy i bought Gold@1716, will go rise like yesterday up to 1725 before go down 1713?

mrluckystar Nov 1, 2012 10:40pm | Post# 13

1 Attachment(s)
put a buy order at 1.0380 sl 1.0360 tp open

-reason is a little retracement to my blue and aqua trendline
-a bounce from here is about 1.0380
- this a little risky as stochastic is at overbought and retracement could go for a long drop

Attachment 1070755
different approach... sell order at top side (circle area)...
Click to Enlarge

Name: 2aud.png
Size: 134 KB

gnomoneey Nov 1, 2012 10:45pm | Post# 14

different approach... sell order at top side (circle area)...
i see that can work also ....but i really rely on my 3 trend lines, stoch, SAR, fib and pa
right now i'm still new at trading strategies, so i stick with what works for me...slow and easy for now...reading and absorbing different methods.
thank you for showing ....

G

gnomoneey Nov 1, 2012 11:00pm | Post# 15

1 Attachment(s)
different approach... sell order at top side (circle area)...
luckystar how do i trade this...something i've been struggling with...

Click to Enlarge

Name: aunov2d1pivot.gif
Size: 25 KB


thanks and gnight

G

mrluckystar Nov 1, 2012 11:12pm | Post# 16

1 Attachment(s)
luckystar how do i trade this...something i've been struggling with...

Attachment 1070778


thanks and gnight

G
yep agree... on bigger tf, aud want to test UTL...

since i trade intraday, i was prefer to see H4.. by the time aud hit my 3rd sell order, stoch will be extreme overbought... and i was targeting 100-150 pip retrace...
Click to Enlarge

Name: 2aaud.png
Size: 100 KB

topedge Nov 1, 2012 11:32pm | Post# 17

Gold
 
Channel: The 4H gold chart shows a market that has been in a declining channel throughout October until it stopped around the 1700 psychological handle. Since then, gold has been consolidating against the channel, and today (11/1) broke above the trendline resistance.

Breakout: The RSI broke above 60, showing that the bearish momentum is no longer persistent as it had been through October. Still price action to the upside is not convincing. In fact it looks like a flag pattern, which if broken to the downside introduces the bearish continuation scenario, with focus on clearing 1700. Below that, gold has the 200-day SMA near 1650 in sight.

Upside targets: If there is further bullish correction against the October bear run here are the progressively more aggressive retracement targets: 38.2% retracement near 1735.60, 50% retracement near 1747.10, and 61.8% retracement at 1758.60. In this scenario, the RSI should start to hold above 40 with focus on 70.

Good chart analysis on gold here as well/
Tks for the thread

http://www.fxtimes.com/technical-upd...ning-channels/

deepak925 Nov 2, 2012 4:01am | Post# 18

Lack of confidence
 
1 Attachment(s)
Wanted to short on big red candle when it closed below green candle didn't do it after that a hanging man but with a upper big wick but still wanted to short but didn't...LOL HATE MYSELF..
Click to Enlarge

Name: gold.PNG
Size: 87 KB

gnomoneey Nov 2, 2012 5:50am | Post# 19

xau.usd sold 1715.80 tp 1708

- daily s1 1710
-my trend is still grey which is uptrend but today we are in abit of retracement to daily s1 and also to my grey trendline

Attachment 1070747
automatic triggered at 1708 nice +780 pips while sleeping

deepak925 Nov 2, 2012 5:58am | Post# 20

GOOD JOB
 
automatic triggered at 1708 nice +780 pips while sleeping

gnomoneey Nov 2, 2012 5:59am | Post# 21

buy 1.2435 tp 1.2460

- mainly stochastic is at oversold and a little retracement should happen

Attachment 1070750
manually sold for loss -30 pips

i will revaulate the chart on the weekend

gnomoneey Nov 2, 2012 6:00am | Post# 22

thanks...

gnomoneey Nov 2, 2012 6:07am | Post# 23

put a buy order at 1.0380 sl 1.0360 tp open

-reason is a little retracement to my blue and aqua trendline
-a bounce from here is about 1.0380
- this a little risky as stochastic is at overbought and retracement could go for a long drop

Attachment 1070755

watching this very closely for now...came close to my sl but no cigar....

gnomoneey Nov 2, 2012 6:23am | Post# 24

my very long term view on xau.usd
 
1 Attachment(s)
i've had this going for at least 4 mths

-a break down and close of daily below that upper channel line or tl should keep this pair dropping.
-took the trade last night as i saw it should touch the tl and now bouncing up.
Click to Enlarge

Name: xaunov2hs.gif
Size: 37 KB

gnomoneey Nov 2, 2012 6:38am | Post# 25

my eu view
 
1 Attachment(s)
this is what i want to see today and if it happens i'm going to be a very happy guy....keep noticed on yellow dot



Click to Enlarge

Name: eunov2yellowdt.gif
Size: 26 KB

gnomoneey Nov 2, 2012 8:27am | Post# 26

today i'm out of eu
 
after close of this h4 candle

gnomoneey Nov 2, 2012 8:46am | Post# 27

http://www.forexfactory.com/showthre...14#post6142114

remember this

gnomoneey Nov 2, 2012 8:50am | Post# 28

xau.usd
 
1 Attachment(s)
i cant find my post regarding wanting to see 1680 but heres why i thought that would happen

-look at red tl
Click to Enlarge

Name: xaunov2redtl.gif
Size: 28 KB

gnomoneey Nov 2, 2012 8:59am | Post# 29

eu
 
1 Attachment(s)
i posted this wednesday night i think
http://www.forexfactory.com/showthre...03#post6151003
"i dont like what i see and i hope we break support finally and not bounce anymore...."

http://www.forexfactory.com/attachme...1&d=1351740034

now....woooohoooo

Click to Enlarge

Name: eunov2greentl.gif
Size: 25 KB

gnomoneey Nov 2, 2012 9:05am | Post# 30

put a buy order at 1.0380 sl 1.0360 tp open

-reason is a little retracement to my blue and aqua trendline
-a bounce from here is about 1.0380
- this a little risky as stochastic is at overbought and retracement could go for a long drop

Attachment 1070755
still in ....let's see the h4 candle closing

deepak925 Nov 2, 2012 9:20am | Post# 31

why you are taking trades..

Did demo from jan to oct then went live Following is my plan:

TRADING GOLD WITH $1 PER PIP IF I BUY GOLD @$1692.60 AND SELL @$1693.60 I GET $100 AND VICE VERSA IF I SELL…CONTINUING THIS PLAN FOR 3 MONTHS I EARN $6000 IN 60 DAYS (20 DAYS EACH MONTH) IF I DO IT CONSISTENTLY AND GET THE SUCCESS ACCORDING TO PLAN 1 THAN WILL JUMP TO PLAN 2..

I LOOK FOR 1.50$ MOVE IN GOLD DAILY SO I CAN ACHIEVE MY TARGET ON DAILY BASIS THAT INCLUDES SPREAD ALSO..

your opinion and views with charts

I use 5min charts for ranging markets using PA to achieve my targets daily..

AND

15m 30m 1hr charts for trending markets again using pa or going with 5ma if it's trending..

Hope i explained it properly comments or advice appreciated still a newbie with no prior experince..

Thanks

gnomoneey Nov 2, 2012 9:23am | Post# 32

spx500
 
yellow tl pa resisted let's see if it stays down...

http://www.forexfactory.com/attachme...1&d=1351862464

gnomoneey Nov 2, 2012 9:28am | Post# 33

why you are taking trades..

Did demo from jan to oct then went live Following is my plan:

TRADING GOLD WITH $1 PER PIP IF I BUY GOLD @$1692.60 AND SELL @$1693.60 I GET $100 AND VICE VERSA IF I SELL…CONTINUING THIS PLAN FOR 3 MONTHS I EARN $6000 IN 60 DAYS (20 DAYS EACH MONTH) IF I DO IT CONSISTENTLY AND GET THE SUCCESS ACCORDING TO PLAN 1 THAN WILL JUMP TO PLAN 2..

I LOOK FOR 1.50$ MOVE IN GOLD DAILY SO I CAN ACHIEVE MY TARGET ON DAILY BASIS THAT INCLUDES SPREAD ALSO..

your opinion and views with charts

I use 5min charts for ranging markets...
gold moves very fast and can kill your account if you dont have good money management-mm.
it costs me 50pips spread when i buy...i also use $1/pip but looking at 5-10 pips movement...but that's me...
as you see i use 4h and higher tf to do my trades.
-i dont like lower tf..this is just me but if it works for you then great.

but like i said before i use a bunch of indicators and if they mostly align then i'll take a trade.

that's my views...

gnomoneey Nov 2, 2012 9:30am | Post# 34

what i look for when taking a trade
 
your choice when to enter and plan your trade properly so that you won't second guess it, but it doesnt mean you can't adjust as the day goes by....

i trade looking at 4h,d1 and weekly.
i use stochastic
i use my own 3 ma that tells me
i use Trend lines and different patterns
i use SAR
i use fib
i look for candle engulfing or doji or hammers
and PA

when a majority of these are saying the same thing i will plan and take the trade.

it's worked for me but then again it might not for you so do what makes you successful

deepak925 Nov 2, 2012 9:45am | Post# 35

your choice when to enter and plan your trade properly so that you won't second guess it, but it doesnt mean you can't adjust as the day goes by....

i trade looking at 4h,d1 and weekly.
i use stochastic
i use my own 3 ma that tells me
i use Trend lines and different patterns
i use SAR
i use fib
i look for candle engulfing or doji or hammers
and PA

when a majority of these are saying the same thing i will plan and take the trade.

it's worked for me but then again it might not for you so do what makes you successful
Comments Appreciated..

yup i also get 50pips spread i tried longer tf while demoing but just not comfortable comapared to smaller tf and i am a bit comfortable catching $1.50 move on 5m or 15m sometimes..

i trade looking at 5m 15m 30m 1hr and daily..
i use stochastic 5 3 3
5 10 emas
sometimes pivots

if mas and stoc go together then i take the trade keeping trend in mind..

Big problem right now i am facing is lack of self confidence after going live maybe bcoz of real money that's why taking it slowly but sticking to my plan..

gnomoneey Nov 2, 2012 9:56am | Post# 36

Comments Appreciated..

yup i also get 50pips spread i tried longer tf while demoing but just not comfortable comapared to smaller tf and i am a bit comfortable catching $1.50 move on 5m or 15m sometimes..

i trade looking at 5m 15m 30m 1hr and daily..
i use stochastic 5 3 3
5 10 emas
sometimes pivots

if mas and stoc go together then i take the trade keeping trend in mind..

Big problem right now i am facing is lack of self confidence after going live maybe bcoz of real money that's why taking it slowly but sticking to my plan..
that's because it's real money now and you have to really have great money management so that you dont feel bad if trade goes against you -150pips

i only trade 1%-5% of my account...rarely i have 10%

the emotions disappear with lower % of account outstanding...slow and easy will win the race....right

also have confident on your style and plan

deepak925 Nov 2, 2012 9:58am | Post# 37

that's because it's real money now and you have to really have great money management so that you dont feel bad if trade goes against you -150pips

i only trade 1%-5% of my account...rarely i have 10%

the emotions disappear with lower % of account outstanding...slow and easy will win the race....right

also have confident on your style and plan
Thanks for the advice mate..cheers

gnomoneey Nov 2, 2012 10:04am | Post# 38

Thanks for the advice mate..cheers
i'm also new trader under one yr...

my problem right now is taking advantage of a winning trade and a chart thats shouting at me to keep trade open..i'm currently trying different plans out but only time will tell if it's successful


deepak925 Nov 2, 2012 10:06am | Post# 39

i'm also new trader under one yr...

my problem right now is taking advantage of a winning trade and a chart thats shouting at me to keep trade open..i'm currently trying different plans out but only time will tell if it's successful

Then best of luck to both of us..

ckyon1 Nov 2, 2012 10:41am | Post# 40

Helo my first post in this thread
Gold going down. My chart says its gonna go downhill some more. Any opinions?


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