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EURUSD

  • #138,621
  • Sep 3, 2009 1:14pm Sep 3, 2009 1:14pm
still with my short on 1h
Attached Image
  • #138,622
  • Sep 3, 2009 1:14pm Sep 3, 2009 1:14pm
Quoting Pipsaway
Can someone please talk me out of hitting the short button on gold, i've resisted at 970, 980, 990 but when it hits 1000, surely we must be in for a substantial drop?, I don't think I will be able to resist!
If its a bad idea please could someone talk me out of it!!
I was going to s/l at 1010$

I have never traded metals! always currencies hence requesting some advice.

As for Eur, I shorted at 143.32, glad its gone down, don't get me wrong, but correlation seems to have gone with gold??? Does this mean anything?

I am a novice trader, and...
The gold market and FX market are a lot diffrent. For one thing, gold market is much smaller than FX. Sometimes the Euro is correlated to gold, sometimes not. It is dangerous to assume a correlation, or inverse for that matter. As to shorting gold @ 1000, that's as good a place as any other and better than most--- if you belive the current run up in gold us unjustified and unsustainable. Just follow good money management and don't let yourself get burned badly if you are wrong.

Regards
  • #138,623
  • Sep 3, 2009 1:15pm Sep 3, 2009 1:15pm
Quoting Forbes55
don't short gold, it's going fast, better euro now
gold can even reach 1030 or more, nobody's know
I think so also
  • #138,624
  • Sep 3, 2009 1:16pm Sep 3, 2009 1:16pm
Quoting Pipsaway
Can someone please talk me out of hitting the short button on gold, i've resisted at 970, 980, 990 but when it hits 1000, surely we must be in for a substantial drop?, I don't think I will be able to resist!
If its a bad idea please could someone talk me out of it!!
I was going to s/l at 1010$

I have never traded metals! always currencies hence requesting some advice.

As for Eur, I shorted at 143.32, glad its gone down, don't get me wrong, but correlation seems to have gone with gold??? Does this mean anything?

I am a novice trader, and...
we have never been here before. india has money and a growing middle class. china ditto. both like gold. it still can go either way. 1017 is the magic number..
those who can, do. those who cant, talk about those who can
  • #138,625
  • Sep 3, 2009 1:20pm Sep 3, 2009 1:20pm
i think this is good spot for long ....tight sl & probability for nice rr ratio
  • #138,626
  • Sep 3, 2009 1:21pm Sep 3, 2009 1:21pm
market fragile and slumpping.. heads up
those who can, do. those who cant, talk about those who can
  • #138,627
  • Sep 3, 2009 1:24pm Sep 3, 2009 1:24pm
or maybe its not just stoped out : ) ...shorting on retest
  • #138,628
  • Sep 3, 2009 1:26pm Sep 3, 2009 1:26pm
Good luck with that, be carefull on the longs. Nice touch with the tight stop.

Jim
Quoting vanyxster
i think this is good spot for long ....tight sl & probability for nice rr ratio
  • #138,629
  • Sep 3, 2009 1:35pm Sep 3, 2009 1:35pm
out of my short. don't like the feel of it.
  • #138,630
  • Sep 3, 2009 1:39pm Sep 3, 2009 1:39pm
Quoting unBEARable
out of my short. don't like the feel of it.
I just add!
  • #138,631
  • Sep 3, 2009 1:41pm Sep 3, 2009 1:41pm
Quoting gatorinla
we have never been here before. india has money and a growing middle class. china ditto. both like gold. it still can go either way. 1017 is the magic number..
Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #138,632
  • Sep 3, 2009 1:42pm Sep 3, 2009 1:42pm
had good profit already.
  • #138,633
  • Sep 3, 2009 1:55pm Sep 3, 2009 1:55pm
We are heading 3 of my support lines, the biggest one is that one drawn on the daily chart. I'm out of new trades, waiting to see what the market will do.
Attached Image (click to enlarge)
Click to Enlarge Name: trendlines.jpg Size: 64 KB
Close your eyes when you feel you are going under.
  • #138,634
  • Sep 3, 2009 2:00pm Sep 3, 2009 2:00pm
Closed all my 6 shorts. leaving one last one open with a trailing stop. Today has been a bit too exciting for me. I'm done for the week. See you guys next week. Cheers.

Good trades for those still in.
  • #138,635
  • Sep 3, 2009 2:03pm Sep 3, 2009 2:03pm
Quoting Anskiere
Closed all my 6 shorts. leaving one last one open with a trailing stop. Today has been a bit too exciting for me. I'm done for the week. See you guys next week. Cheers.

Good trades for those still in.
Bye! Have a nice weekend, and forget the pips for a while
Close your eyes when you feel you are going under.
  • #138,636
  • Sep 3, 2009 2:05pm Sep 3, 2009 2:05pm
Quoting Pipsaway
Can someone please talk me out of hitting the short button on gold, i've resisted at 970, 980, 990 but when it hits 1000, surely we must be in for a substantial drop?, I don't think I will be able to resist!
If its a bad idea please could someone talk me out of it!!
I was going to s/l at 1010$

I have never traded metals! always currencies hence requesting some advice.
The height of gold was at $1032.20 Back in 2008 March. take a look at the monthly chart. Think it's unlikely to go any higher than 1040. I'm short at 993 also. Preparing to hold for a month or so then TP + swap.
  • #138,637
  • Sep 3, 2009 2:18pm Sep 3, 2009 2:18pm
Webmasters!!! I need RSS for this Forum thread!!
Close your eyes when you feel you are going under.
  • #138,638
  • Sep 3, 2009 2:44pm Sep 3, 2009 2:44pm
personal trade.
short gy hit my entry last night (u.s. time) 151.56 moved sl to be.. target 132.91 pl.. nfp may affect this trade and hit my sl..if it goes the other way i will add on the way down and play long term pivots bounce..as shown over 1800 pip potential. based on tech

entered the ea yesterday also short 1.7125 . sl be on this one also. nfp may take me out. target paridy maybe more. i will close both manualy if after nfp it looks like sl will be hit.
both based on pl charts..7125 pip potential.

still in gu short from a month back.. will close it. depending on nfp.
those who can, do. those who cant, talk about those who can
  • #138,639
  • Edited 3:29pm Sep 3, 2009 2:54pm | Edited 3:29pm
bought 1.425

closed short
we hit 1.423

1.4319
1.435
----- Dragonfly out in the sun you know what I mean, don't you know
  • #138,640
  • Sep 3, 2009 2:58pm Sep 3, 2009 2:58pm
Quoting gatorinla
personal trade.
short gy hit my entry last night (u.s. time) 151.56 moved sl to be.. target 132.91 pl.. nfp may affect this trade and hit my sl..if it goes the other way i will add on the way down and play long term pivots bounce..as shown over 1800 pip potential. based on tech

entered the ea yesterday also short 1.7125 . sl be on this one also. nfp may take me out. target paridy maybe more. i will close both manualy if after nfp it looks like sl will be hit.
both based on pl charts..7125 pip potential.

still in gu short from a month back.....
damn just after i post this gy sl was almost taken out. missed by 2 pips...im moving sl up 50 pips..ill put it back later.
those who can, do. those who cant, talk about those who can
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