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  • #687,101
  • Aug 31, 2012 11:51am Aug 31, 2012 11:51am
stupid gold... hit my SL and changd direction within 0.05 cents! Maybe if I use options I can pinpoint where price will change directions and have two accounts lol..
  • #687,102
  • Aug 31, 2012 11:54am Aug 31, 2012 11:54am
Quoting sidhujag
stupid gold... hit my SL and changd direction within 0.05 cents! Maybe if I use options I can pinpoint where price will change directions and have two accounts lol..
- Can you please explain the underlined?

- Thanks in advance.
  • #687,103
  • Aug 31, 2012 12:01pm Aug 31, 2012 12:01pm
Quoting Ziko9o8
- Can you please explain the underlined?

- Thanks in advance.
Since our bucket shop retail forex brokers have to hedge their positions before going to market that means your SL is someone else's TP (bank or broker)... this means stop loss hunting. So when your margin call or SL is set in your mt4 this info is available to broker/bank who take other side of your trade.

Now use another view of the market maybe binary options and take the trade when your SL is hit... use proper money management on both accounts.. or use options on the stock exchange. I think there is an edge there. You can try it.

Whenever I trade gold and SL is hit price usually changes direction almost to the pip... strikingly familiar situation with others I bet.

I should add that I dont use SL around S/R its always random away from S/R...
  • #687,104
  • Aug 31, 2012 12:02pm Aug 31, 2012 12:02pm
which is the next strong resistance? does anyone know? thanks
  • #687,105
  • Aug 31, 2012 12:05pm Aug 31, 2012 12:05pm
Quoting Furdean2
which is the next strong resistance? does anyone know? thanks
Girls at the bar most likely. Weekend!
  • #687,106
  • Aug 31, 2012 12:21pm Aug 31, 2012 12:21pm
Aug 31, 2012 9:17am (6 hr ago)
klinckphilip http://www.forexfactory.com/images/s...ser_online.gif
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Member Since Jun 2007
http://www.forexfactory.com/images/misc/1kt.gif 628 Posts

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This might be a good place to get short if you think BB is not going to do anything. Although even the charts say wait 45 min. So you might as well wait for BB anyway.





This was a good spot to get short. 2617. Too bad I didnt take my own advise. Everyone have a good weekend.
  • #687,107
  • Aug 31, 2012 12:28pm Aug 31, 2012 12:28pm
Quoting Rag2RichesFX
See there still was some good scalping left in Euro

Nothing like earlier but I made 20 pips in the last couple hours scalping, not too bad.

As for silver, well, the technicals are all in place. Test of the monthly trendline yielded a bounce to where we are now, and we are currently sitting through the last down trend.

Nearly naked chart none of my fancy EMAs, no 13 fib or 78.6 or 88.6. Maybe I'll post one of those later for comparison.

Enjoy your weekend everyone. I know I will.

XAGUSD Weekly
chart. Where will silver go next after 31.48 ?
  • #687,108
  • Aug 31, 2012 12:34pm Aug 31, 2012 12:34pm
Quoting Vikingbarde
chart. Where will silver go next after 31.48 ?
gold silver headed down i think before up. 1625 and si 28ish i think
  • #687,109
  • Aug 31, 2012 12:47pm Aug 31, 2012 12:47pm
Quoting Vikingbarde
chart. Where will silver go next after 31.48 ?
31.49 or probably 31.47
The Thief of Wall Street
  • #687,110
  • Aug 31, 2012 12:54pm Aug 31, 2012 12:54pm
Quoting am-draci
short it at 2624
lost.the price turned back an hit my sl at 2638. damn!
i set my tp to low,2440....
  • #687,111
  • Aug 31, 2012 1:03pm Aug 31, 2012 1:03pm
Quoting sidhujag
gold silver headed down i think before up. 1625 and si 28ish i think
Gold 1625 - as low as that? its currently 1692, and looks like it may goto - i dunno - 1715 ? - but why?
you think will go up much past 1700?
and next week down to 1660 ?

i shorted at 1686, -
someone here said silver will go up now, maybe 40.
thanks in advance
VB
  • #687,112
  • Aug 31, 2012 1:05pm Aug 31, 2012 1:05pm
Quoting Vikingbarde
Gold 1625 - as low as that? its currently 1692, and looks like it may goto - i dunno - 1715 ? - but why?
you think will go up much past 1700?
and next week down to 1660 ?

i shorted at 1686, -
someone here said silver will go up now, maybe 40.
thanks in advance
VB
Yea doesnt have to retrace... toomuch printing going on. But it hit an MM here at 1687 and the target is 1625 but might only get half way aswell... 1650 looked pretty strong... other than taking my sl at 1645 which was stop hunting by the idiot banks. I had 1635 if 1650 broke but what can you do?

Missed a $45 trade.. just how it goes.
  • #687,113
  • Aug 31, 2012 1:08pm Aug 31, 2012 1:08pm
Quoting xandi
Since you are reffering, look at the times I´ve called that target 1.2620 and to Open short at that point: ...

......

have a nice weekend

Hey, guys... about the ~2620/40 ---> 2400 thing: if you talk loud enough and long enough about a prediction, it has a good chance of not coming true ... esp. in FX. (of course if you don't trade real money, maybe it DOESN'T MATTER to you)

Let's all listen to what our little man inside is saying and be ...
  • #687,114
  • Aug 31, 2012 1:11pm Aug 31, 2012 1:11pm
Quoting xandi
Since you are reffering, look at the times I´ve called that target 1.2620 and to Open short at that point:

xandi | Aug 26, 2012
Well, after a quick look, the scenario stays unchanged and the same ideias we have from previous week... so, next step is obvious 1.2620/40,and as soon as price arrive to that target, it will go down again to 1.2490, and after 1.2440. buy 1.2507, ...

xandi | Aug 27, 2012
{quote} your tp seem legit to me, but careful, if you want please jump off sooner, the maximum should 1.2620 or less probably 1.2690 (weekly low Jan...
great place to short, but i was concerned about enough cash for stop loss adjustment up to 1.2740, and if was going to there - i needed to buy and make money on way. so didnt do that trade.
Question - will it go down to 1.2480 first and (1.2440 ) before going up to 1.2640 ? or are you saying 1.2740? Is that it? or maybe goto 1.2740 first from here?
thanks in advance.
VB
  • #687,115
  • Edited 1:52pm Aug 31, 2012 1:13pm | Edited 1:52pm



(1) Now required from the pair to settle down

12,581 to 12,579 line

So that it can reach areas 124

The upper part at most


(2) Pair were dropped to point 12558

It is less than upper shadow candle paid

Pair to the embrace of 12481 then 12465


Referring to the landing and stick to shorts



(3) The emergence of a candle of a long shadow over the frame 4H

suggests relegation next week, God willing



(4) However, there is a note of Candles

Bulls were supposed by our calculations

The pair must stands at point 12528

And actually stop under the shade of a period not

An easy to push bulls another papers

To draw attention to the fact they look to

Area 12674 ...


But rising means a weak owing a shadow including

that make weak hope next week


And it may be ends by the influence of the last candle

on frame 4H

Only point 12638 is considering a ceiling expected for the next week

may be the end of the upward trend


(5) Any penetrate and shut down four hours above this top

which means we will see areas 127

Even minimal at most




Fares Shanab
  • #687,116
  • Aug 31, 2012 1:18pm Aug 31, 2012 1:18pm
Earned pips on the short closed it on time, earned few pips now on the long. Good trades today. Have a good weekend everyone talk to you later.
  • #687,117
  • Aug 31, 2012 1:21pm Aug 31, 2012 1:21pm
Quoting Chicky
31.49 or probably 31.47
What did you eat? or drink?
You are really smart these days.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #687,118
  • Aug 31, 2012 1:22pm Aug 31, 2012 1:22pm
Quoting Furdean2
which is the next strong resistance? does anyone know? thanks
1.2678-1.2700
Winners Never Quit and Quitters Never Win
  • #687,119
  • Aug 31, 2012 2:00pm Aug 31, 2012 2:00pm
Huh I've made 3 trades today with low leverage. I was deadwrong on all 3 trades, thank god I was smart and didn't risk almost anything. I've lost only 0,8 % of my account.

I have periods when I make 20 green trades and then 3 red trades in a row...

I know this is part of this business but I was stupid and when prices declined or went up I didn't enter into the position. After that I was just scalping and failed miserably.

But I've predicted one thing, QE3 wasn't announced and price didn't fall significantly. That was too good to be true (it was so predicatble that market makers will employ such a trap).

Euro should fall to some extent in september. My bias is short as usual.
  • #687,120
  • Aug 31, 2012 2:03pm Aug 31, 2012 2:03pm
Quoting sidhujag
Yea doesnt have to retrace... toomuch printing going on. But it hit an MM here at 1687 and the target is 1625 but might only get half way aswell... 1650 looked pretty strong... other than taking my sl at 1645 which was stop hunting by the idiot banks. I had 1635 if 1650 broke but what can you do?

Missed a $45 trade.. just how it goes.
Does that mean Gold doesn't have to go down? - from reading I thought you expected gold to go down - but will it go down now? or go up further and come back 1-3 weeks later? or are you saying it may stay at 1700 + ?


Bummer about missing that trade, its bad when you do the work and miss out.
It was a huge spike, - totally controlled to knock out any people with trades opened to try and take advantage of the volatile market. I couldnt believe the size of swing.
VB
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