{quote} I'm good mate how are you? Had a few scary moments seeing big red early this week but price turned back...now is okay
- #1,982
- May 16, 2014 11:49am May 16, 2014 11:49am
- | Joined Mar 2014 | Status: Noob Trader | 723 Posts
{quote} hohohoho.. thats good man.. at least u closing in green for the week.. for me, did not trade much though.. just 2 XAU and GBP from last week and closed a few days ago.. other than that.. nothing much on my side.. hoes your XAU position from last time?.. still holding?
you're a patient trader! I've closed gold from last time..made a few gold trades after that...recently it has been ranging, did a few quick scalp..not very interesting,hehe Can't wait for the course to start 
- #1,983
- May 16, 2014 11:55am May 16, 2014 11:55am
{quote} Nice
i still holding to 1272 SL at BE now.. took a long last week at 1278 again when it tested the low and closed at 1308 few days back.. GBP, i shorted the day after the daily candle close with a bearish candle @ 1.6870 and closed it at 1.6745.. made a good profits
Yeah man, me too.. cant wait for the course too.. at least when i understand his style of trade, i can able to post a chart or 2.. hehehehe..oh btw, is Nitsan's skype profile photo something "chess"? u know what i mean?
- #1,984
- May 16, 2014 12:25pm May 16, 2014 12:25pm
{quote} Nice
{quote} hahahaha.. i was not patient at all last time when i started though bro.. much the same as the rest of the traders around the world.. its took some time to not to overcome but "manage" the emotions part.. i still holding to 1272 SL at BE now.. took a long last week at 1278 again when it tested the low and closed at 1308 few days back.. GBP, i shorted the day after the daily candle close with a bearish candle @ 1.6870 and closed it at 1.6745.. made a good profits Yeah man, me too.. cant wait for the course too.. at least when i understand...
very inspired by your patience...last time you hold from 1180 all the way to 13xx, this time from 1272..haha
I'm trying hard to hold small position for long time now..see how it works
Cheers bro, will heed your advice...a breakout is due rite? has been ranging for very long, the longer it ranges, the more the energy for breakout
yeah I think it's the same as his profile pic on here...I'll probably use the same pic as now, so that its easy for others to identify too
Anyway, anyone here trading natural gas? seems like forming a flag on 1H and near 50% retracement...will try a small buy if it moves lower..it is on a long term S/R too.
- #1,986
- May 16, 2014 2:05pm May 16, 2014 2:05pm
[quote=Polaris4dy;7474536]{quote} yeah mate, you added him on skype? I'll add you soon! very inspired by your patience...last time you hold from 1180 all the way to 13xx, this time from 1272..haha I'm trying hard to hold small position for long time now..see how it works Cheers bro, will heed your advice...a breakout is due rite? has been ranging for very long, the longer it ranges, the more the energy for breakout yeah I think it's the same as his profile pic on here...I'll probably use the same pic as now, so that its easy for others to identify too Anyway, anyone here trading natural gas? seems like forming a flag on 1H and near 50% retracement...will try a small buy if it moves lower..it is on a long term S/R too. {image}
sorry.. saw your quote while checking my emails.. hahahaha..
well buddy, if u have not seen already, glad to share that there was a head and shoulder formed on H4 with 28th april being the left shoulder, 5th to 7th may being the head and 14th may was the right shoulder.. this down leg that we are seeing currently concretes together also the narrowing triangle when price touched the upper trendline yesterday around UK session..
so we are seeing the price right now smacked in the middle of that triangle.. very high risk if enter now..
1 thing to note though, is that if a smaller H&D (H4)were to form next week .. left is there (12th may), head is there 14th May and if price zooms up and cannot break the upper trend line of that triangle, we may see a right shoulder forming.. and guess whats next buddy.... hahahah.. i am not saying that it will but if it does form.. the odds of breaking the low is really high.. so please be extra vigilant next week when trading in XAU.. we dont know what is lurking round the corner next week.. should u want to trade necertheless.. only trade at support and resistance level for now until a clearer pic uncovers.. or, dun touch XAU if u can resist the urge.. or easier way is to wait for Sir Nitsan's recommendation.. hahahaha.. trade safe brother.. anyway, its only a 2 cents worth of opinion from an old man just trying to put food on the table..hahahaha.. cheers brother
yeah I think it's the same as his profile pic on here...I'll probably use the same pic as now, so that its easy for others to identify too Anyway, anyone here trading natural gas? seems like forming a flag on 1H and near 50% retracement...will try a small buy if it moves lower..it is on a long term S/R too. {image}sorry.. saw your quote while checking my emails.. hahahaha..
well buddy, if u have not seen already, glad to share that there was a head and shoulder formed on H4 with 28th april being the left shoulder, 5th to 7th may being the head and 14th may was the right shoulder.. this down leg that we are seeing currently concretes together also the narrowing triangle when price touched the upper trendline yesterday around UK session..
so we are seeing the price right now smacked in the middle of that triangle.. very high risk if enter now..
1 thing to note though, is that if a smaller H&D (H4)were to form next week .. left is there (12th may), head is there 14th May and if price zooms up and cannot break the upper trend line of that triangle, we may see a right shoulder forming.. and guess whats next buddy..
.. hahahah.. i am not saying that it will but if it does form.. the odds of breaking the low is really high.. so please be extra vigilant next week when trading in XAU.. we dont know what is lurking round the corner next week.. should u want to trade necertheless.. only trade at support and resistance level for now until a clearer pic uncovers.. or, dun touch XAU if u can resist the urge.. or easier way is to wait for Sir Nitsan's recommendation.. hahahaha.. trade safe brother.. anyway, its only a 2 cents worth of opinion from an old man just trying to put food on the table..hahahaha.. cheers brother
...{quote} yeah mate, you added him on skype? I'll add you soon! very inspired by your patience...last time you hold from 1180 all the way to 13xx, this time from 1272..haha I'm trying hard to hold small position for long time now..see how it works Cheers bro, will heed your advice...a breakout is due rite? has been ranging for very long, the longer it ranges, the more the energy for breakout
very nice view from an experienced guy! it is rather comprehensive. I didn't manage to spot the H&S before...and yes, bearish pennant on 1D chart, well, in this case it will be best to wait for a breakout on the neckline...so I guess now more clues are pointing towards bear...(the only bullish I'm aware of is three drives)...but pennant and H&S are definitely stronger
Appreciate it mate! now I got a better picture
- #1,989
- May 16, 2014 2:56pm May 16, 2014 2:56pm
{quote}{quote}
no la bro.. i am just a normal old trader.. well. the 3 touches or 3 dives also play a part though.. i believe we have seen today's low of 1286 if price dun sink lower on closing for the week..
noticed that if u count the dives so far, its getting weaker.. it also shows the defiant of buyers towards the bearish momentum currently, but market is known for its fake moves sometimes especially XAU that is well known because of the "cartels" controlling the price
......anyway, we will soon know as early as next week on where the heck is XAU going to.. south pole or North polebest bet is to use your margin for other counters for now la buddy.. dun waste it on XAU.. at least for now...
- #1,998
- May 16, 2014 3:34pm May 16, 2014 3:34pm
{quote} You will need to check with your broker. I think the contract ends tonight having checked some documents from my broker
{quote} hey guys,, forgive me for intruding.. though i have never touched futures before. i believe the last trade is 20th may and settlements also on the 20th.. if it helps, u can try checking on crude oil futures calendar probably from CME group website.. hope it helps.. and sorry in advance if i give wrong info..
I will see what happens when market opens on Sunday because there is nothing I can do now C-oil has shot up.
