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  • #301
  • Feb 25, 2017 7:39am Feb 25, 2017 7:39am
I mean what criteria you're using to draw sword lines on 1m timeframe?
Tks
  • #302
  • Feb 26, 2017 9:13am Feb 26, 2017 9:13am
Quoting skyline555
I mean what criteria you're using to draw sword lines on 1m timeframe? Tks
hi skyline555, i think you may refer to the post below

Quoting 90strader
{quote} Hi, you are from Japan? About the sword-lines, hmmm, it is quite subjective i think i don't know how to explain but please see the chart below {image} at the time near the yellow arrow, which was the time that i came up with below sword-lines 1236.7 1238.9 1240.9 1242.7 the only thing that i can explain is always look in M1 to find these lines which will makes them more accurate and there is no definite error allowance, as i think it is not a line but an area instead these lines only tell me they are important support/resistance...
  • #303
  • Feb 26, 2017 9:52am Feb 26, 2017 9:52am
Quoting 90strader
here are my sword lines may not be very accurate as i need more movement within this range to determine 1258.0 (so i SL there) 1256.7 1255.2 (i think this level is obvious) 1253.5 1252.2
will you proceed with these sword lines tomorrow or you will wait and redefine again? Is your feeling still bullish or you wait till it breaks 1258?
  • #304
  • Edited 11:46am Feb 26, 2017 11:11am | Edited 11:46am
Thank you for reminding me, for you it's correct?
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  • #305
  • Feb 26, 2017 12:16pm Feb 26, 2017 12:16pm
Here with the others supports
Attached Image (click to enlarge)
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  • #306
  • Feb 26, 2017 12:35pm Feb 26, 2017 12:35pm
Last question when you draw the sword lines you see only the day before to draw them or you go back in time on the chart until you see support and resistances?
  • #307
  • Feb 26, 2017 12:40pm Feb 26, 2017 12:40pm
nice results no doubt congrats on reaching 200K milestone. Here's my take on gold for this week. Good luck and have fun! )))
Attached Image (click to enlarge)
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  • #308
  • Feb 26, 2017 4:40pm Feb 26, 2017 4:40pm
At this rate..your apartment would be closer than you think @90strader
  • #309
  • Feb 26, 2017 7:17pm Feb 26, 2017 7:17pm
Quoting Chau1985
{quote} will you proceed with these sword lines tomorrow or you will wait and redefine again? Is your feeling still bullish or you wait till it breaks 1258?
Hi Chau1985
my originally thought is there will be deeper correction before moving up again, so yes i am still bullish on it
let's wait and see as Monday morning will be quite silence in the market, and i will wait for more action to come first
  • #310
  • Feb 26, 2017 7:41pm Feb 26, 2017 7:41pm
Quoting skyline555
Here with the others supports {image}
For me, i try to only find the most important level nearby.
i.e. i will only have one important level every $3-4 interval

Quoting skyline555
Last question when you draw the sword lines you see only the day before to draw them or you go back in time on the chart until you see support and resistances?
i try to see only the recent movement as i think it is more accurate if i refer to the recent movement than the past movement (3-4 months ago)
but before the price went up to 1250 level, i did searched for the last movement when gold was moving around 1250 level
after that, i came up with the thought that 1253.5 (you can refer to pages before) will be very important.
  • #311
  • Feb 26, 2017 7:42pm Feb 26, 2017 7:42pm
Quoting nttfx
At this rate..your apartment would be closer than you think @90strader
only if i can really withdraw the profits
i am not sure if there is any problem with the withdrawal process.... with this amount of money
  • #312
  • Feb 26, 2017 9:49pm Feb 26, 2017 9:49pm
Hi all

I just withdrew HKD$50,000 from the account, as i received some friendly reminder....
I will keep you posted if anything go bad.
But at the same time, i really wish someone can introduce some trustworthy brokers to me
If someone had kept withdrawing like US$10,000 and found no problem with that broker.
Please contact me here or by PM
  • #313
  • Feb 27, 2017 1:19am Feb 27, 2017 1:19am
pepperstone won't have any issues with 50K withdrawals, though I recommend you split this up into 25K batches next time will take less time.
  • #314
  • Feb 27, 2017 2:18am Feb 27, 2017 2:18am
Quoting 90strader
Hi all I just withdrew HKD$50,000 from the account, as i received some friendly reminder.... I will keep you posted if anything go bad. But at the same time, i really wish someone can introduce some trustworthy brokers to me If someone had kept withdrawing like US$10,000 and found no problem with that broker. Please contact me here or by PM
Pepperstone is the most trusted broker i have ever worked with, this is my second year with them, you will never have an issue withdrawing, they are 110% honest and reliable.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #315
  • Feb 27, 2017 2:21am Feb 27, 2017 2:21am
Buy area 1252x SL 1250....1245…
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Trade fearless not careless...
  • #316
  • Feb 27, 2017 3:12am Feb 27, 2017 3:12am
Quoting 90strader
Hi all I just withdrew HKD$50,000 from the account, as i received some friendly reminder.... I will keep you posted if anything go bad. But at the same time, i really wish someone can introduce some trustworthy brokers to me If someone had kept withdrawing like US$10,000 and found no problem with that broker. Please contact me here or by PM
I withdrew money before from Pepperstone, however I needed to wait 3 months before I can do that because of money laundry measurements. Also Pepperstone (or its bank) will charge you US$20 for the process costs and HSBC Hong Kong would charge you US$70 for the transaction. Not sure about other Hong Kong banks, but if they are cheaper please let me know.

Anyhow my experience with Pepperstone is quite good.
  • #317
  • Feb 27, 2017 5:51am Feb 27, 2017 5:51am
Quoting Chau1985
{quote} I withdrew money before from Pepperstone, however I needed to wait 3 months before I can do that because of money laundry measurements. Also Pepperstone (or its bank) will charge you US$20 for the process costs and HSBC Hong Kong would charge you US$70 for the transaction. Not sure about other Hong Kong banks, but if they are cheaper please let me know. Anyhow my experience with Pepperstone is quite good.
3 months?!
is pending from the HSBC or Pepperstone?
i saw BOCHK charge only HK$60 for one transaction @@
  • #318
  • Feb 27, 2017 5:52am Feb 27, 2017 5:52am
Still didn't start any trade today
but i think i am quite satisfy with these sword lines

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1258.0
1256.7
1255.2
1253.5
  • #319
  • Feb 27, 2017 6:35am Feb 27, 2017 6:35am
Thank you very much for your advice
  • #320
  • Feb 27, 2017 8:13am Feb 27, 2017 8:13am
Quoting 90strader
Hi all I just withdrew HKD$50,000 from the account, as i received some friendly reminder.... I will keep you posted if anything go bad. But at the same time, i really wish someone can introduce some trustworthy brokers to me If someone had kept withdrawing like US$10,000 and found no problem with that broker. Please contact me here or by PM
There is a local FX broker, Rakuten Securities HK, which is under HK SFC regulation and is holding a HK SFC license.
Rakuten Securities HK is formerly named FXCM Asia, which was acquired by Rakuten Group Japan one year later after FXCM's Swiss Franc loss in 2014.
I have been with them for more than a year, there is no problem with any amount of withdraw.

Pros: Your money is deposited in HK and is totally secure; Fast withdraw and if you hold a BOCHK account, there is no fee; Moderate spread (same as FXCM)
Cons: Max leverage 20:1 to comply to SFC regulation; Does not support MT4, MT5 as they use FXCM's and their own in house software (TS and Marketspeed).

All the best,
D
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