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  • #661
  • Apr 21, 2014 2:53pm Apr 21, 2014 2:53pm
Hi guys are you ready for next week trading. I've just run my weekly search and I found interesting setup forming in Gold.We got BEOB ( bearish outside bar or candle) For the newbees that's a bar or candle which have a higher high of previous bar or candle and have a close price below the low of the previous bar or candle.And vice versa. So we got BEOB of 300 SMA.I have closed all my shorts before Easter and now I am on the sidelines waiting for short setups on smaller time frame. Target for me will be a 61.8% retracement and weekly pivot marked on the chart with arrow.If someone want to short now I will recommended a stop above the last week high. Any comments welcomed.
Trade safe. Z
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  • #662
  • Edited 10:23pm Apr 21, 2014 6:55pm | Edited 10:23pm
Nitsan regarding your sma 200 300 and 400. How do you see it as a signal? The trading is in between either the sma or below or above the sma?
Btw what do you think about audchf?
  • #663
  • Apr 21, 2014 10:23pm Apr 21, 2014 10:23pm
Quoting Zaho
Hi guys are you ready for next week trading. I've just run my weekly search and I found interesting setup forming in Gold.We got BEOB ( bearish outside bar or candle) For the newbees that's a bar or candle which have a higher high of previous bar or candle and have a close price below the low of the previous bar or candle.And vice versa. So we got BEOB of 300 SMA.I have closed all my shorts before Easter and now I am on the sidelines waiting for short setups on smaller time frame. Target for me will be a 61.8% retracement and weekly pivot marked...
good thought... bearish engulfing + SMA 300....however, it maybe even out by 2 reasons for long = double bottom and fib 50...
having said that, bear seems a bit stronger at the moment
  • #664
  • Apr 22, 2014 1:53am Apr 22, 2014 1:53am
any opinion on USD/JPY? trying to put theory into practice, it looks like trendline false break...all SMAs are below supporting...
is it wise to long in this case?
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  • #665
  • Apr 22, 2014 2:04am Apr 22, 2014 2:04am
swisscash..I think it is due for a pullback to sma200...previous resistance + ABCD...volume is dying out too...
my broker has the chart but I couldn't place the order...weird...
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  • #666
  • Apr 22, 2014 2:17am Apr 22, 2014 2:17am
euro50cash...AB CB in the making..target 3200...many SMAs supporting...

Btw, take it with pinch of salt, I'm practicing what I've learned, 80% chance I'll be wrong
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  • #667
  • Apr 22, 2014 2:20am Apr 22, 2014 2:20am
Here are results of trading Nitsan style (on demo).
Nitsan would you like to have competition with me? hehe, just kidding!
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  • #668
  • Apr 22, 2014 2:24am Apr 22, 2014 2:24am
Feeling bullish on Gold. Seems like its going to 1301-02 area before a nice dive down. Any conformation from the wizards?
  • #669
  • Apr 22, 2014 2:26am Apr 22, 2014 2:26am
Quoting zaghloul
Feeling bullish on Gold. Seems like its going to 1301-02 area before a nice dive down. Any conformation from the wizards?
I am totally clueless on gold...holding short though...looks like bearish flag in H4 (if you ignore the tails)
  • #670
  • Apr 22, 2014 2:36am Apr 22, 2014 2:36am
Quoting lapras
Here are results of trading Nitsan style (on demo). Nitsan would you like to have competition with me? hehe, just kidding! {image}
good risk management...1:5 - 1:10 leverage..about the same as what I use too...
Nitsan any comment on that level of leverage? too risky or too conservative?
  • #671
  • Apr 22, 2014 2:39am Apr 22, 2014 2:39am
Quoting Polaris4dy
{quote} I am totally clueless on gold...holding short though...looks like bearish flag in H4 (if you ignore the tails)
I'm quite clueless myself. And in fact it seems that I was wrong. Another costly mistake. What a way to start the day.
  • #672
  • Apr 22, 2014 2:42am Apr 22, 2014 2:42am
Quoting zaghloul
{quote} I'm quite clueless myself. And in fact it seems that I was wrong. Another costly mistake. What a way to start the day.
yeah man, I tried not to open any gold position from yesterday..but couldn't resist..hand too itchy
  • #673
  • Apr 22, 2014 2:46am Apr 22, 2014 2:46am
Quoting Polaris4dy
{quote} yeah man, I tried not to open any gold position from yesterday..but couldn't resist..hand too itchy
Same here.. stuck with 2 lot short @ 1291 . Only have enough balance to hold until 1321 ^.^
  • #674
  • Apr 22, 2014 2:48am Apr 22, 2014 2:48am
Quoting Valodimer
{quote} Same here.. stuck with 2 lot short @ 1291 . Only have enough balance to hold until 1321 ^.^
can estimate your leverage is around 1:30 on this one?
  • #675
  • Apr 22, 2014 2:56am Apr 22, 2014 2:56am
Quoting sergo
{quote} yes now it pefect good 1 zaho {image}
Ran up to Aprl 9 high, now it's time to fall
  • #676
  • Apr 22, 2014 3:11am Apr 22, 2014 3:11am
Seems like its bouncing over the 5min 200SMA and the bears can't break that. Still hoping we get to 1301.
  • #677
  • Apr 22, 2014 3:18am Apr 22, 2014 3:18am
Quoting zaghloul
Seems like its bouncing over the 5min 200SMA and the bears can't break that. Still hoping we get to 1301.

April 9, I quoted an FTSE comment, not GOLD. Gold 200SMA 5min support, 200SMA 15min Resistance. I am pausing from Gold trading for now
  • #678
  • Apr 22, 2014 4:38am Apr 22, 2014 4:38am
I'n net short again. I just hope we get out of this confluence zone soon, its bad for my health
  • #679
  • Apr 22, 2014 5:22am Apr 22, 2014 5:22am
Gartley on GBPUSD H1 plus SMA400 on Weekly.
I Think that this could be a very good call.
If you do not know who you are, the Forex is the worst place to find you
  • #680
  • Apr 22, 2014 5:25am Apr 22, 2014 5:25am
Gartley on Gold 15m plus SMA200
I'm short.
If you do not know who you are, the Forex is the worst place to find you
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