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All Majors and Gold

  • #6,561
  • May 22, 2013 3:19pm May 22, 2013 3:19pm
Quoting khurram_mm
As per my analysis, tomorrow we can see gold trading below 1340. It can go higher maximum 1372-1375 then it will come down. H4 candle and charts show that there is a room to go down till 1342-1337.
yes but I still think up for now....higher to 139x then down to hell
Wooooohooooo or Boooooohooooo
  • #6,562
  • May 22, 2013 3:20pm May 22, 2013 3:20pm
Quoting Mada001
{quote}Mr.gno i really appreciate your analysis and always waiting for your posts and EricBs' posts, but i have a problem right now and need help as i have a long trade from 1372 and i wondered as the reversal process happened to 1354 and need ur opinion as i'm confused right now about this fuckin trend
The uptrend hasn't been established at all just yet. I was long from 1360 to 1405 until Bernanke, but I never said the trend had changed - the indication was clear that it had to move in that direction. We are technically still in a downtrend, but with extreme sentiment which means the trend potentially can reverse. But this is a battle point right now.
  • #6,563
  • May 22, 2013 3:26pm May 22, 2013 3:26pm
Quoting Mada001
{quote}Mr.gno i really appreciate your analysis and always waiting for your posts and EricBs' posts, but i have a problem right now and need help as i have a long trade from 1372 and i wondered as the reversal process happened to 1354 and need ur opinion as i'm confused right now about this fuckin trend
thanks for compliment.....
we are still stuck in a range....
this one smaller 1338-1405
bigger one at 1320-1488

what is the actual trend....bear right?
has the bull trend been confirmed, don't think so...when or what level...above 152x is my bull confirmation....until then we are bear mode...
so what should you do now?
you tell me why you took the trade....no judgement here will try to guide your way of thinking...answer my question...everyone here don't judge
Wooooohooooo or Boooooohooooo
  • #6,564
  • May 22, 2013 3:26pm May 22, 2013 3:26pm
Quoting EricB
{quote} The uptrend hasn't been established at all just yet. I was long from 1360 to 1405 until Bernanke, but I never said the trend had changed - the indication was clear that it had to move in that direction. We are technically still in a downtrend, but with extreme sentiment which means the trend potentially can reverse. But this is a battle point right now.
i hope to visit the 23.8% Fib level @1390 first as you said then go down, thanks at all.
  • #6,565
  • May 22, 2013 3:27pm May 22, 2013 3:27pm
Quoting gnomoneey
{quote} yes but I still think up for now....higher to 139x then down to hell
I think both of you have an extreme view

I don't think it can go down to hell
I think 1350's still remains a support - though its not a major support yet.
I think it still has ability to move above 1410

But I do not have a clear picture, these are all maybes. When I go in a trade I will let you guys know and reasons. Do ask any questions you may have about fundamentals, economics etc - on how things effect PA, I have time and will be happy to answer the next hour or so.
  • #6,566
  • May 22, 2013 3:29pm May 22, 2013 3:29pm
Quoting EricB
{quote} I think both of you have an extreme view I don't think it can go down to hell I think 1350's still remains a support - though its not a major support yet.I think it still has ability to move above 1410 But I do not have a clear picture, these are all maybes. When I go in a trade I will let you guys know and reasons. Do ask any questions you may have about fundamentals, economics etc - on how things effect PA, I have time and will be happy to answer the next hour or so.
what came first
the egg or the
oh shiat that isn't fundie question....I really like that video last night...I have to watch it again...makes a lot of sense
Wooooohooooo or Boooooohooooo
  • #6,567
  • May 22, 2013 3:32pm May 22, 2013 3:32pm
Quoting gnomoneey
{quote} thanks for compliment.....we are still stuck in a range....this one smaller 1338-1405bigger one at 1320-1488 what is the actual trend....bear right?has the bull trend been confirmed, don't think so...when or what level...above 152x is my bull confirmation....until then we are bear mode...so what should you do now?you tell me why you took the trade....no judgement here will try to guide your way of thinking...answer my question...everyone here don't judge
u r right i took the wrong trend and i have learned, never ever to go against the trend this is the no.1 trade principle in forex.
  • #6,568
  • May 22, 2013 3:33pm May 22, 2013 3:33pm
My quote for the day:

Don't be a gambler. Be a Trader. Plan, Organise, Strategise, Execute and Learn.

Learn every day. And learn most from your mistakes.

And answer to Gno's question. Ofcourse the chicken came first
  • #6,569
  • May 22, 2013 3:35pm May 22, 2013 3:35pm
Quoting Mada001
{quote} u r right i took the wrong trend and i have learned, never ever to go against the trend this is the no.1 trade principle in forex.

I do it all the time....no worries
your mind plays games when you are in the wrong trade but really you have to go and evaluate reason for your trade and trust your reasons for taking the trade.
not giving you advise nor telling you what to do...
1365-1368 is my breakout points...for down and up
Wooooohooooo or Boooooohooooo
  • #6,570
  • May 22, 2013 3:37pm May 22, 2013 3:37pm
Quoting EricB
My quote for the day: Don't be a gambler. Be a Trader. Plan, Organise, Strategise, Execute and Learn. Learn every day. And learn most from your mistakes. And answer to Gno's question. Ofcourse the chicken came first
therefore from your answer you are a God fearing person...
Wooooohooooo or Boooooohooooo
  • #6,571
  • May 22, 2013 3:39pm May 22, 2013 3:39pm
Quoting gnomoneey
{quote} therefore from your answer you are a God fearing person...
Always. In God we trust.
  • #6,572
  • May 22, 2013 3:42pm May 22, 2013 3:42pm
Quoting EricB
My quote for the day: Don't be a gambler. Be a Trader. Plan, Organise, Strategise, Execute and Learn. Learn every day. And learn most from your mistakes. And answer to Gno's question. Ofcourse the chicken came first
Well said.

Gno, your thread has turned into a great place to exchange input and analysis.

Thank you for your role here.
"It is not enough to have a good mind; the main thing is to use it well"
  • #6,573
  • May 22, 2013 3:42pm May 22, 2013 3:42pm
forgot to tell people about this indicator for times like today
go to top of this thread and open the attachment button.
look at the 4 file attachments
download AutoPivotIndicator_v...mq4
then use it...see what happens when you use that and fib along with stochastic
Wooooohooooo or Boooooohooooo
  • #6,574
  • May 22, 2013 3:44pm May 22, 2013 3:44pm
Quoting QuikFlipp
{quote} Well said. Gno, your thread has turned into a great place to exchange input and analysis. Thank you for your role here.

thanks
:nerd:
Wooooohooooo or Boooooohooooo
  • #6,575
  • May 22, 2013 3:45pm May 22, 2013 3:45pm
Quoting QuikFlipp
{quote} Well said. Gno, your thread has turned into a great place to exchange input and analysis. Thank you for your role here.
Don't you miss Davidsayli though?
  • #6,576
  • May 22, 2013 3:47pm May 22, 2013 3:47pm
what happen to these guys....

mark_it
deepak925
lexazver
Wooooohooooo or Boooooohooooo
  • #6,577
  • May 22, 2013 3:48pm May 22, 2013 3:48pm
Quoting EricB
{quote} Don't you miss Davidsayli though?
that guy was a paid manipulator.....
Wooooohooooo or Boooooohooooo
  • #6,578
  • May 22, 2013 3:51pm May 22, 2013 3:51pm
Quoting EricB
{quote} Don't you miss Davidsayli though?
I was joking ofcourse

Another tip: Never practice trading on a demo account. Use real money, only then will you learn how to trade.

Even worse is when people like me have employees relying on my trading, the pressure is really on as I have to pay their salaries!

Decide early on if this is something you really want to do or not, don't dabble. It takes a long time to learn, and with many lessons on the way.

Its very hard work.
  • #6,579
  • May 22, 2013 3:52pm May 22, 2013 3:52pm
Quoting EricB
{quote} I was joking ofcourse Another tip: Never practice trading on a demo account. Use real money, only then will you learn how to trade. Even worse is when people like me have employees relying on my trading, the pressure is really on as I have to pay their salaries! Decide early on if this is something you really want to do or not, don't dabble. It takes a long time to learn, and with many lessons on the way. Its very hard work.
I know you were joking....

btw buy now?
Wooooohooooo or Boooooohooooo
  • #6,580
  • May 22, 2013 3:53pm May 22, 2013 3:53pm
Quoting gnomoneey
{quote} I know you were joking.... btw buy now?
No - I'm not buying at this level. No clarity.
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