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- Orientxpress replied Jan 23, 2014
Good day everyone. I did not trade oil today.. had to manage my gold position... glad that's over. Anyhow, 97.1, the retracement level talked about yesterday held on couple times, provided some good scalps if you are swift. In the end, it pushed ...
- Orientxpress replied Jan 23, 2014
Took a 1% drawdown today... what a reversal. Stopped out above 1245 from prior day shorts. I now have this reversal pattern down to heart... hopefully won't make same mistake again. As soon as it failed to hold below 1235... it was a warning sign... ...
- Orientxpress replied Jan 22, 2014
Embrace for the possibility of 1220. looks to be heading in that direction.
- Orientxpress replied Jan 22, 2014
Print Screen this msg. Paste & Crop it in Paint. Print it. Tape it next your computer. Good luck Razi. I will be looking to take a stab around 97.
- Orientxpress replied Jan 22, 2014
61.8% retracement puts it little under 97.1. That's prob a logical spot for a cute short in this monster if price action confirms. Stops... i'll leave it up to you. GL all
- Orientxpress replied Jan 22, 2014
I don't mean to impose on anyone, but I'm fairly positive many folks here bought below 92 or around there early Jan and initially gave the stop below either at lows or below 91. I personally took a trade at 91.26 long for an intraday technical scalp ...
- Orientxpress replied Jan 21, 2014
I'm seeing decreased buying momentum from each swing high. Can't guarantee this is turning point, but it's starting to stall.
- Orientxpress replied Jan 21, 2014
That's rather strange if it's not margin related. You should call them and make them explain. If they give u some bs answer.. demand reparation via free trades or lowered commissions
- Orientxpress replied Jan 21, 2014
I remember a quote from watching couple video of Anton Kriel long long ago..(ex goldman macro long/short trader, now retired) ... which he says "he doesn't know any successful trader who doesn't paid a salary". He now has he's own trading school now ...
- Orientxpress replied Jan 19, 2014
Good to know, I never looked that far.
- Orientxpress replied Jan 19, 2014
Absolutely. I typically 'just use =' to confirm price levels.
- Orientxpress replied Jan 19, 2014
According to my reuters... low is 12/5/2005 - 1.0426
- Orientxpress replied Jan 19, 2014
Idk if i have 5 years worth of patience for this gamble.
- Orientxpress replied Jan 19, 2014
Ginew, there's nothing wrong with thinking about potential market psychology (potential squeeze, profit taking..etc) however it usually needs more than 1 argument like this to justify taking a position, for me, more so technically. Especially when ...
- Orientxpress replied Jan 19, 2014
This is actually one of the few cases where it's evident that both technicals & fundamentals agree. Don't fight it.
- Orientxpress replied Jan 17, 2014
Gold closed on highs I'm fully hedged, will revert to net short somewhere between 1260-1280 depending on PA & chart. Or If it rejects 1255, shows PA / pattern confirmation, trades below 1249 with real momentum, I will also net Short. Just my plan ...
- Orientxpress replied Jan 17, 2014
Absolutely agree on the fact that it's not practical to post everything. My long term out look is still bearish, and have shorts on, but also trading intraday when there's opportunity. My point is to not get too focused on 1 direction, as there are ...
- Orientxpress replied Jan 17, 2014
Maybe smart to keep a long term short (size matters) and play intraday for p/l, at least that what I'm doing as sometimes you get great intraday trading opportunities.
- Orientxpress replied Jan 16, 2014
Yes you are absolutely right. They are in fact strong negatively correlated. -97% or so at the moment. However, it does levels off from time to late 2010, late 2011, mid 2013 in the 60-70% range. EUR just seems slightly more clear to me at the ...
- Orientxpress replied Jan 16, 2014
I'm bearish EUR, GBP, AUD, matter of fact, i'm still short all 3. Uncertain about CHF, wait and see... Can't be in office Friday... got all my stops in, and prep for weekend. GL guys