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  • #321,741
  • Nov 9, 2010 2:57am Nov 9, 2010 2:57am
Well, Tokyo could not push enough low seems.

Asia did 100 pips down though, so half swing up to 1.3870/75 entry for sell.
They think they are smarter than I am.
  • #321,742
  • Nov 9, 2010 2:58am Nov 9, 2010 2:58am
Quoting grashid
is the culprit today...

I would like to c gold break 1396 for at least 1365 and drive all main as well especially EU n GU to my at least first target...

good luck guys

g
my thoughts exactly but when ?
making green pips large and red pips small this is my goal.
  • #321,743
  • Nov 9, 2010 2:59am Nov 9, 2010 2:59am
Quoting grashid
partially agreed.

1. How about it have a false break out? like yesterday? Shaking?
2. Why not use higher TF to measure an overall trend then go with an entry at weekly or monthly s/r. Then hold n lock profit that profit if daily confirm to do so. That even better right?
3. The most important in our trade is EMOTION. How to control this emotion? Entry point? MM? Margin? Lot size?

anyway its just my 2 cent....good luck

g
1.Where was the false breakout? If u have seen charts I posted we had a momentum breakout on m15 tf.
2.I never measure TREND on higher timeframes as that is not how I trade. What is trend? I have said many times that trend is a consecutive string of higher highs and higher lows or lower highs and lower lows. That can be spotted on EVERY timeframe. I use higher timeframes (daily weekly monthly) to spot LONG TIME CONFLICTING signals, such as a long term s/r or a long term TL.
3.When I spot the trend I analyze it on a setup chart. Then I switch to a lower tf for an entry. I usually need a confluence to make an entry. Look at this trade for exmple. I have enter a long. If i hit the target price my r:r ratio would be app 2.0-2.1 Lot size is 10% of ur account balance for a conservative way of trading. More if u are an aggressive trader.

as for the emotions, yea we need to control that, but when u are a successful at your MM,emotions are always kept under control.

GL to you too
  • #321,744
  • Nov 9, 2010 2:59am Nov 9, 2010 2:59am
Quoting grashid
is the culprit today...

I would like to c gold break 1396 for at least 1365 and drive all main as well especially EU n GU to my at least first target...

good luck guys

g
Lord Grashid is selling 200K tons of Gold in the open market
  • #321,745
  • Nov 9, 2010 3:01am Nov 9, 2010 3:01am
Quoting DMA Trader
yes. i was about to say 1.395 but after that. we may go down below 1.38.
what do you think ? for now bearish case would have to close daily below 1.395.
let's see

thanks
Quoting sisse
I agree. First time in 3 days that's is valid intraday counter trend opportunity to at least yesterday low +/- 1.388x. Let see

sisse
I have entered a long (3844) ( counter trend) aiming for a 3950-60 ofcourse I will scale out part by part. Those are my final targets.
  • #321,746
  • Nov 9, 2010 3:02am Nov 9, 2010 3:02am
if 3853/55 goes, bulls could argue for 3886/88 again, me I'm looking for another short set up, for now....
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #321,747
  • Nov 9, 2010 3:04am Nov 9, 2010 3:04am
Half out @ +30, gonna let the rest ride...
  • #321,748
  • Nov 9, 2010 3:04am Nov 9, 2010 3:04am
Quoting jaylovin
H1 not closed yet but showing signs of rejection on its LTL... looks like it could be a long for me... gl
heavy long at 3849 = out at 3859.. still got small one running at BE.
  • #321,749
  • Nov 9, 2010 3:04am Nov 9, 2010 3:04am
Quoting T@rantula
I have entered a long (3844) ( counter trend) aiming for a 3950-60 ofcourse I will scale out part by part. Those are my final targets.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #321,750
  • Edited 3:17am Nov 9, 2010 3:05am | Edited 3:17am
when is a higher high not a sign of higher prices ?
When it takes 20 candles to go up but only a few to come crashing back down.
(But you may not see this on time based charts)

Like now watch the drop

It stalled at 50
making green pips large and red pips small this is my goal.
  • #321,751
  • Nov 9, 2010 3:05am Nov 9, 2010 3:05am
IMO, 1.391x can be difficult to crack intraday without #s or reports of some kind and can definitively trigger a deeper move. In any case, good luck managing those longs.

sisse

Quoting T@rantula
I have entered a long (3844) ( counter trend) aiming for a 3950-60 ofcourse I will scale out part by part. Those are my final targets.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #321,752
  • Nov 9, 2010 3:07am Nov 9, 2010 3:07am
Quoting sisse
IMO, 1.391x can be difficult to crack intraday without #s or reports of some kind and can definitively trigger a deeper move. In any case, good luck managing those longs.

sisse
aw yea thanks...Ill be sure to manage it well if the PA wants to make love to me today
  • #321,753
  • Nov 9, 2010 3:09am Nov 9, 2010 3:09am
Price showing pull back in order to continue more short pull back is necessary........
  • #321,754
  • Nov 9, 2010 3:10am Nov 9, 2010 3:10am
Dam tempting short on my 1min super martini chart....not today
Look Sharp/Trade Tight
  • #321,755
  • Nov 9, 2010 3:11am Nov 9, 2010 3:11am
omg people are going long ???
  • #321,756
  • Nov 9, 2010 3:11am Nov 9, 2010 3:11am
lol ... after that UK #s bump and if nothing external hits the mrket, IMO it should behave in relatively order to your side.. obviously as you said only if markets want.

sisse

Quoting T@rantula
aw yea thanks...Ill be sure to manage it well if the PA wants to make love to me today
Pending conversations? PM for a chat...I am mainly in OTM now
  • #321,757
  • Nov 9, 2010 3:14am Nov 9, 2010 3:14am
Quoting DrLobo
omg people are going long ???
OMG. Im the only one LOL
  • #321,758
  • Nov 9, 2010 3:14am Nov 9, 2010 3:14am
Quoting DrLobo
omg people are going long ???
yeah, why ? what happen ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #321,759
  • Nov 9, 2010 3:15am Nov 9, 2010 3:15am
I am joining you with a very reduced position...

sisse

quote=T@rantula;4157280]OMG. Im the only one LOL[/quote]
Pending conversations? PM for a chat...I am mainly in OTM now
  • #321,760
  • Nov 9, 2010 3:15am Nov 9, 2010 3:15am
I am long at .3835 and banked half @ +20 w/balance at be. I do not believe USD strength will continue much further. Buttloads of liquidity in the system and risk aversion will not last. Eurozone "news" re "peripheral stress" is just the same old shit being recycled several days in a row. Portugal has a bond auction tomorrow & it will probably be oversubscribed, just like the Greek and other high-yield debt has sold well in recent months. Ireland is not as bad off as the sensationalist press makes out.

.3835 might not make it but I am looking to buy a dip and let it run back to 1.4xxx, and I think we'll be back there after nothing gets settled at the next G-20 pow-wow in Seoul. Limited screen time these days, just an hour or so around the LO, looking for a runner. Good luck all.
"If The Fool persists in his Folly he will become wise." - William Blake
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