Dislikedno am not trading today bro withthis crazy market but i would like to know the gold move aswellIgnored
Make sure you wait for the pull backs.
They are talking $1400 gold this year.
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Dislikedno am not trading today bro withthis crazy market but i would like to know the gold move aswellIgnored
Dislikedyou can make alot of money trading gold .. or you can lose a lot of money . It really is not for the faint of heart .
Make sure you wait for the pull backs.
They are talking $1400 gold this year.Ignored
Dislikedthats right bro i was looking at $1500 this year and as stated early 1.600arae for e/uIgnored
DislikedYou go for the long haul
I go for the 600 points in one day haul ...lol
YM is insane today !!!Ignored
DislikedTHIS THING IS NOT FOR THE FAINT IN HEART AND WHEN GOING LONG ON IT YOU BETTER HAVE A GOOD STRATEGY ON GROUND OR YOU WILL BE swallowd before getting to your destination..just like the long for 12000pips to 1000,which took 3weeks up and down knocking sl and blowing account on the way..i would post the pattern i use to trade and profit from longs on GOLDIgnored
Dislikedam interresting to trade the gold but i have n idea about his rules so can you give me some idea?Ignored
Dislikedam seeing g/j getting to 204.30area within the hr. any body see that with meIgnored
DislikedOK check news on Bear Stearn ...... they had to borrow from Fed and JP morgan due to margin calls on mrotgage bonds.
This market is in trouble
That is the second one in days.
The banks in Japan have not reported yet. They have missive sub prime debt loads.
I know Karmo says take no notice of the news , but you have to understand it to survive.
It is not all on technicals.
Put it this way loads of traders were looking to chase this morning , myself and another guy were on skype and he was getting long signals from a service he uses which is very good ( pipsnipers)
The bearish div on the 5 , 10 and 15 min showed somewthing was up. I told him to sit and wait as i had a short trigger developing on 3 min. and with the bearish divergences setting up likely hood of that trade working was 99%.
the fill on YM was 12275. sell order.
most 30 year vertean tradesr do not have cnbc news or some sort of squawk box in the back ground to get news.
Put it this way you hear news on bear sterns you would have closed all long positions immediately.Ignored
Dislikedwill do that..though it involves you and your mm sytem..your acc size matters if your planning on going long on it alsoIgnored
DislikedWhen I say that, I mean regular news we get from the market on daily/weekly basis, such as CPI PPI, sales, etc etc.., but shocking news such as today's bearn sterns or an emergency rate cut or Japan intervention, you must take note otherwise it might just kill the account.
Of course any trader must understand the news and how to interpret it.Ignored