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All Majors and Gold

  • #3,181
  • Mar 12, 2013 11:37am Mar 12, 2013 11:37am
USDCHF

It returned from 0.9435, 13 pips below the level i predicted today (0.9448) and now is on 0.9470
Now i am waiting it reverses toward 0.9408-12. This is an area for deciding new trend toward 0.96 or 0.9289 which must be touched till friday and it's too soon to decide but i am sure it will return toward down level again after swing around 0.9475-0.9503
Hope you got profit 100 pips (in Buying and Selling) today
Wish you best all
Don’t follow someone else’s trading advice blindly
  • #3,182
  • Mar 12, 2013 11:44am Mar 12, 2013 11:44am
Quoting kamifx
USDCHF

It returned from 0.9435, 13 pips below the level i predicted today (0.9448) and now is on 0.9470
Now i am waiting it reverses toward 0.9408-12. This is an area for deciding new trend toward 0.96 or 0.9289 which must be touched till friday and it's too soon to decide but i am sure it will return toward down level again after swing around 0.9475-0.9503
Hope you got profit 100 pips (in Buying and Selling) today
Wish you best all
good job.....

i haven't trading that pair as it moves slow before....
Wooooohooooo or Boooooohooooo
  • #3,183
  • Mar 12, 2013 11:46am Mar 12, 2013 11:46am
good day Mr. Scott....what's your take on gold this week?
Wooooohooooo or Boooooohooooo
  • #3,184
  • Mar 12, 2013 11:50am Mar 12, 2013 11:50am
gold view today....

my ma's are about to cross in the next two 4hrs and if it continues to cross then big moves upwards are about to happen....
Wooooohooooo or Boooooohooooo
  • #3,185
  • Mar 12, 2013 12:04pm Mar 12, 2013 12:04pm
Quoting gnomoneey
gold view today....

my ma's are about to cross in the next two 4hrs and if it continues to cross then big moves upwards are about to happen....
here's gold chart
-blue eclipse is my next entry point..1587
Attached Image (click to enlarge)
Click to Enlarge Name: xaumarch12h4bluedot.gif Size: 26 KB
Wooooohooooo or Boooooohooooo
  • #3,186
  • Mar 12, 2013 12:47pm Mar 12, 2013 12:47pm
Going to buy some physical gold next week in Frankfurt.
  • #3,187
  • Mar 12, 2013 4:00pm Mar 12, 2013 4:00pm
Nice work guys. Made some nice profit today I will keep this trade running for a while. At least to friday. Worse result will be break even for me.
  • #3,188
  • Mar 12, 2013 4:06pm Mar 12, 2013 4:06pm
Quoting growingeuro
Nice work guys. Made some nice profit today I will keep this trade running for a while. At least to friday. Worse result will be break even for me.
welcome and nice trades....
btw what is your entry?
example:
entry 1587
sl for now be +1
then adjust sl as prices increases, for me i adjust when it is up another $5 then sl is be +3....or adjust $5 away current price...if moving fast then
$10 away from current price....hope that helps....
Wooooohooooo or Boooooohooooo
  • #3,189
  • Mar 12, 2013 4:11pm Mar 12, 2013 4:11pm
Quoting TuttiDFrutti
Going to buy some physical gold next week in Frankfurt.
can you buy me some also?
before buying get the serial and manufacturer of the piece of gold and verify
Wooooohooooo or Boooooohooooo
  • #3,190
  • Mar 12, 2013 4:34pm Mar 12, 2013 4:34pm
Quoting gnomoneey
welcome and nice trades....
btw what is your entry?
example:
entry 1587
sl for now be +1
then adjust sl as prices increases, for me i adjust when it is up another $5 then sl is be +3....or adjust $5 away current price...if moving fast then
$10 away from current price....hope that helps....
My entry is 1578.94

I think this pair have a good chanse to go up to around 1640. The only problem I see is XAGUSD, it will hit big resistance at around 29.7. And I´m not even sure if hedge funds wants it to go close to that level. This might drag the gold down gold back to around 1580.

What is the corrolation with EURUSD? Does gold rise when EURUSD goes down?

I might just half the risk on this order and have a decent profit at break even.
  • #3,191
  • Mar 12, 2013 4:36pm Mar 12, 2013 4:36pm
some noise.....


Gold nears bear market territory


http://www.forexfactory.com/attachme...1&d=1363104705

From cnn.com

http://www.forexfactory.com/resource...tory-quote.png

Up until last year, gold prices traded higher for 11 consecutive years. Investors typically buy it for two reasons: Either to guard against uncertain economic times or to hedge against inflation. The precious metal soared in the years following the financial crisis and continued rising as Europe dealt with debt problems. Gold peaked in September 2011, trading at more than $1,900 a troy ounce. As much of these fears have subsided, prices have steadily fallen. On Tuesday morning in New York, gold traded at $1,592.85 an ounce, only a few percentage points away from a 20% decline, a benchmark that's generally ... (full story)
Wooooohooooo or Boooooohooooo
  • #3,192
  • Mar 12, 2013 4:40pm Mar 12, 2013 4:40pm
i like this article....but very bullish outlook, not much bearish support points lower than 1530


Gold Technical Update For March 13th – XAUUSD Analysis And Technical Levels


http://www.forexfactory.com/attachme...1&d=1363114202

From forex-fx-4x.com

http://www.forexfactory.com/resource...tory-quote.png

Gold has rallied today, to the 61.8% Fibonacci retrace area of the last leg lower from $1619.78 – $1561.44. This came after a breakout of the recent range consolidation highs around the $1585 area. XAUUSD has found interim resistance at this 61.8% Fibonacci level, which is also aligned with the 15/2/13 daily low. Any sustained upside brings the following technical areas of interest: The $1600 handle. 27/2/13 daily high around the $1614 area, The $1618 – $1620 zone, this marks the recent range highs from 18/2/13 and 26/2/13 $1625 is the previous key support ... (full story)
Wooooohooooo or Boooooohooooo
  • #3,193
  • Edited 5:22pm Mar 12, 2013 5:05pm | Edited 5:22pm
Sorry for my noob question here.
What is the corrolation with EURUSD? Does gold rise when EURUSD goes down? If we look at 4h and daily chart for example.

Is there any correlation?
  • #3,194
  • Mar 12, 2013 6:11pm Mar 12, 2013 6:11pm
Quoting growingeuro
Sorry for my noob question here.
What is the corrolation with EURUSD? Does gold rise when EURUSD goes down? If we look at 4h and daily chart for example.

Is there any correlation?
Gold used to be well correlated to the euro previously. I.e when the euro rises there is 'a risk on' situation and gold goes up. I think that recently gold responds to the stock market in an inverse manner. Higher stock market - risk on - means less need for hedging and QE so gold goes down. When any bad fundamental news come out - there is more need for QE and such support - gold rises

My thoughts

Olu
If you think you can or cannot do it you are correct
  • #3,195
  • Mar 12, 2013 6:14pm Mar 12, 2013 6:14pm
u r sentiments about usd/jpy??
  • #3,196
  • Mar 12, 2013 6:44pm Mar 12, 2013 6:44pm
Quoting gnomoneey
gold view today....

my ma's are about to cross in the next two 4hrs and if it continues to cross then big moves upwards are about to happen....
hello gnomoneey, what settings are these two ma's you are using. Cheers
  • #3,197
  • Mar 12, 2013 7:44pm Mar 12, 2013 7:44pm
Quoting Macedonia
hello gnomoneey, what settings are these two ma's you are using. Cheers
Go bottom of thread and click on attachments icon beside page count
It's on top of page when you click attachment.
If you can't find it message me and I'll pm post number
Wooooohooooo or Boooooohooooo
  • #3,198
  • Mar 12, 2013 10:51pm Mar 12, 2013 10:51pm
Quoting gnomoneey
Go bottom of thread and click on attachments icon beside page count
It's on top of page when you click attachment.
If you can't find it message me and I'll pm post number
Thanks gnomoneey, I was aware of it being the trend indicator and where to find it. It's a customised indicator. Unfortunately I trade on my iPad and I don't think you can attach custom indicators on a mobile platform. That's why I asked what ma settings (if you are aware) those two lines that are about to cross. I can do without colour changing, the crossing of the two (what looks like ma's) I find interesting and would like to test. Cheers.
  • #3,199
  • Mar 12, 2013 11:42pm Mar 12, 2013 11:42pm
Quoting Macedonia
Thanks gnomoneey, I was aware of it being the trend indicator and where to find it. It's a customised indicator. Unfortunately I trade on my iPad and I don't think you can attach custom indicators on a mobile platform. That's why I asked what ma settings (if you are aware) those two lines that are about to cross. I can do without colour changing, the crossing of the two (what looks like ma's) I find interesting and would like to test. Cheers.
Sorry the indicator is customized and I don't know if it plain ma, ema, or sma. The setting are what I wrote.
Ya I hate the limitations that iPad gives you on mt4. Color change is quite important to me to know when the trend switched from bear to bull.
Wooooohooooo or Boooooohooooo
  • #3,200
  • Mar 13, 2013 12:53am Mar 13, 2013 12:53am
Quoting gnomoneey
Sorry the indicator is customized and I don't know if it plain ma, ema, or sma. The setting are what I wrote.
Ya I hate the limitations that iPad gives you on mt4. Color change is quite important to me to know when the trend switched from bear to bull.
Try using MACD settings 5 13 6 for trend.
It works a treat for me. Cheers.
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