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  • #3,381
  • Jan 15, 2014 3:55am Jan 15, 2014 3:55am
I closed my long Gold with loss, unfortunatly I did not read well the daily candle of yesterday. Now I am short gold and short EU.
  • #3,382
  • Jan 15, 2014 8:41am Jan 15, 2014 8:41am
hi Olu,

since u r having a full time job, maybe u can try to learn to code an ea for trade entry or even management. maybe pay a programmer to code for u. It does save a lot of screen time and possible to backtest to see if ur strategy is profitable. This can really save a lot of time. It is better and more productive as u can see how ur strategy works in the past. this gives good indication whether u should even start to demo live trade. like u, I'm also having a full time job and these stuffs have saved my time and efforts. just my 2 pips
Make everything as simple as possible, but not simpler.
  • #3,383
  • Jan 15, 2014 3:04pm Jan 15, 2014 3:04pm
Quoting hunting pips
hi Olu, since u r having a full time job, maybe u can try to learn to code an ea for trade entry or even management. maybe pay a programmer to code for u. It does save a lot of screen time and possible to backtest to see if ur strategy is profitable. This can really save a lot of time. It is better and more productive as u can see how ur strategy works in the past. this gives good indication whether u should even start to demo live trade. like u, I'm also having a full time job and these stuffs have saved my time and efforts. just my 2 pips

Hi Hunting Pips

Thanks for visiting the thread. I hear you about the EA route and it is worth looking into - especially for entry orders and trade management. With an EA i believe I need a dedicated server (the technical name eludes me now - those commercial servers that do not go down etc) and will look into it. Thanks the idea HP

Olu
If you think you can or cannot do it you are correct
  • #3,384
  • Edited 3:19pm Jan 15, 2014 3:06pm | Edited 3:19pm
Crude Oil

I have been looking for a retracement and we got it big time today. I am now looking for signs of weakness to get short for the 85 area. 94.80 is the 38.2 retracement of the downmove from 100 area. This is a usual and typical area for a downtrend to resume - not set in stone though

Olu
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If you think you can or cannot do it you are correct
  • #3,385
  • Jan 15, 2014 8:29pm Jan 15, 2014 8:29pm
Quoting Olu
{quote} Hi Hunting Pips Thanks for visiting the thread. I hear you about the EA route and it is worth looking into - especially for entry orders and trade management. With an EA i believe I need a dedicated server (the technical name eludes me now - those commercial servers that do not go down etc) and will look into it. Thanks the idea HP Olu
Hi Olu,

there are good dedicated servers known as VPS which will help traders to monitor trades via ea 24/5. Just google Forex vps and u should find the results. the annual fees are usually quite affordable.
Make everything as simple as possible, but not simpler.
  • #3,386
  • Jan 15, 2014 11:12pm Jan 15, 2014 11:12pm
Quoting rehab
I closed my long Gold with loss, unfortunatly I did not read well the daily candle of yesterday. Now I am short gold and short EU.

Hi Rehab

I am bearish the euro. Got most of the downmove yesterday but it is not really playing ball imho. We have important fundamental data coming out today which should cause some volatility. Good luck on the trades

Olu
If you think you can or cannot do it you are correct
  • #3,387
  • Edited 12:44am Jan 16, 2014 12:33am | Edited 12:44am
Hi Olu. I also closed my berish euro with profit and my gold on BE. gold is turning around again. I will watch it. $ seems at an important resistance (marked in blue), it needs to clear it out either way to make a direction IMHO.
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  • #3,388
  • Jan 16, 2014 5:39pm Jan 16, 2014 5:39pm
Quoting rehab
Hi Olu. I also closed my berish euro with profit and my gold on BE. gold is turning around again. I will watch it. $ seems at an important resistance (marked in blue), it needs to clear it out either way to make a direction IMHO. {image}
Well done on the euro trade Rehab. I am sure that at some point things got hairy as it appeared the euro was poised to go upwards sharply. A profit is a profit so well done indeed

Olu
If you think you can or cannot do it you are correct
  • #3,389
  • Jan 16, 2014 5:40pm Jan 16, 2014 5:40pm
GbpChf
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If you think you can or cannot do it you are correct
  • #3,390
  • Jan 17, 2014 1:06am Jan 17, 2014 1:06am
Hi, I see that Gold has rejected the short-term bullish trend line, although it closed by a weak bullish candle. Oil seems to also wanting to continue its move up. $ is still hesitant and not making a decisive move anywhere. Neverthelss, I decided to rejoin the gold in its move up, lets see if 1260 will be reached and also how it will be the week close.
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  • #3,391
  • Jan 17, 2014 8:33am Jan 17, 2014 8:33am
EurUsd
Attached Image
If you think you can or cannot do it you are correct
  • #3,392
  • Jan 17, 2014 8:43am Jan 17, 2014 8:43am
Quoting rehab
Hi, I see that Gold has rejected the short-term bullish trend line, although it closed by a weak bullish candle. Oil seems to also wanting to continue its move up. $ is still hesitant and not making a decisive move anywhere. Neverthelss, I decided to rejoin the gold in its move up, lets see if 1260 will be reached and also how it will be the week close. {image}

Hi Rehab

I agree with you. Gold appears poised for some more upside. Indeed there might be some more upside but we need to be nimble. I am still watching Crude Oil for a reversal to the downside. Perhaps tonight I will have a closer look and find levels where I can place my entry orders to sell. The $ is getting stronger. So the question is can commodities strengthen as the $ strengthens?

Olu
If you think you can or cannot do it you are correct
  • #3,393
  • Jan 17, 2014 11:07am Jan 17, 2014 11:07am
Quoting Olu
{quote} Hi Rehab I agree with you. Gold appears poised for some more upside. Indeed there might be some more upside but we need to be nimble. I am still watching Crude Oil for a reversal to the downside. Perhaps tonight I will have a closer look and find levels where I can place my entry orders to sell. The $ is getting stronger. So the question is can commodities strengthen as the $ strengthens? Olu

Hi Olu, FXCM $ index shows $ is at the edge of the up-channel, although the move of the $ in the last 4 days was a straight up, gold ended up maintaining its price, which I consider as a strength. whether or not the upper line of the channel will hold i donīt know, but for now I am keeping my long gold position open. Anyway, the 1250-1260 resistance on gold is not an easy one to break, but once broken then gold will be obviously bullish imho.
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  • #3,394
  • Jan 18, 2014 10:39am Jan 18, 2014 10:39am
Cocoa

I am short.
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If you think you can or cannot do it you are correct
  • #3,395
  • Edited 10:54am Jan 18, 2014 10:53am | Edited 10:54am
Dollar Index
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If you think you can or cannot do it you are correct
  • #3,396
  • Jan 18, 2014 11:25am Jan 18, 2014 11:25am
Crude Oil
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If you think you can or cannot do it you are correct
  • #3,397
  • Jan 18, 2014 12:14pm Jan 18, 2014 12:14pm
Natural Gas
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If you think you can or cannot do it you are correct
  • #3,398
  • Jan 21, 2014 7:19am Jan 21, 2014 7:19am
My long gold hit BE .
  • #3,399
  • Jan 21, 2014 6:31pm Jan 21, 2014 6:31pm
Where is that breakout in $?
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If you think you can or cannot do it you are correct
  • #3,400
  • Jan 21, 2014 6:33pm Jan 21, 2014 6:33pm
Quoting rehab
My long gold hit BE .

Shame about that trade Rehab. It had prospects. However as long as you used good MM just take it as part of the business and line up for the next trade when the opportunity presents

Olu
If you think you can or cannot do it you are correct
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