Gold spiked at the end of the day and closed above $800 for the first time since 1980.
Next stop, $1000/ounce.
Next stop, $1000/ounce.
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DislikedOf course. I have long plans also but not unless my brick wall breaks (241.06). 247 is the target but my current plan is to stay short until such time. This isn't based on intraday trading.Ignored
DislikedGold spiked at the end of the day and closed above $800 for the first time since 1980.
Next stop, $1000/ounce.Ignored
Dislikedit's dangrous in my eyes.
one bad trade could wipe off all your profit
the biggest profit is only 48, looks like scalping tradeIgnored
DislikedI do remember bib bruv asking you what you based your long view on and
above was your reply from 3 hours ago. So seen as youre still around would you like to answer his question.
DonaghIgnored
DislikedI just trade what I see. And from the price movement. I don't post charts cause mostly my charts are naked. And I don't have time to do so. Market moving fast.
Normally I will check the H1 and H4 charts for the trend.
However I could be wrong , that is why if this g/j went down badly then my SL will be there to save me.Ignored
Dislikedwell nothing is safe my friend.
but i consider what i did is good for my second day of trading ! cause am new in forex market only few days loool. all my experince in stocks market and its really big different.
am trying to control my self not to be greedy. thats why i have low profit.
thanks for ur commentsIgnored
DislikedHi,
I've been lurking around this thread for about a week and like what I read. . . I'm fairly new to trading but have been trading geppy for about 3 months with basic trend -ine, fib and pivot points.
I'm looking for a better system and was wondering about the Aus trading strategy eveyone's been talking about here.
Where can I find details on this strategy and any other strategies people are using on this thread for GBP/JPY. . .
Thxs in advance for any response - Quecee5Ignored
DislikedHave a nice short in the works..........should I close before the weekend or leave it open? Any words of advise?Ignored
DislikedI am leaving a short open and do so most weekends. Keep in mind however, that a stop or hedge may (will) not be honored if GJ moves against you before your broker opens. Instead they will likely close or hedge at whatever the market price is at the time the market opens.
If I leave a position open, I don't have any stops in place. The last thing I want is to have the market move 100 pips against me over the weekend, have my broker open, activate my stop at the highest point of the spike, then watch the market retrace back while my position is closed.Ignored
DislikedI don't know why I didn't have this Daily bearish trend line on my chart before. It's becoming pretty significant right now. Price did close above it two days ago, barely. If price closes beneath today, this trend line may be the top before the fall. I realize trend lines are not as powerful as some other indicators, but they do have a place in trading. The first chart shows a bigger picture so you can see where I drew the line from. The second chart is a close up. It seems to be hitting right around 239.75. Just for reference, my Daily candles close at 00 GMT (8PM EST) so the closing height on my Dalies will differ from platforms which close at 5PM EST (2100 GMT).
M2BIgnored