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richtrader replied Apr 3, 2014or it can push gold further down like the last nfp. where's mave? congrats bro for keeping your short.
Only Gold!
- richtrader replied Apr 3, 2014
Because the medium trend is still down, it doesn't look like strong enough to push up. I prefer to wait until NFP to get clearer direction. Good Luck guys.
Only Gold!
- richtrader replied Apr 3, 2014
finally i found the thread, looking forward to learning your method Ollio!
Ollio's Gold - Supply and Demand
- richtrader replied Apr 2, 2014
Hi CT, care to share your analysis? I'm learning to read candle patterns, I'm still waiting for M5 to create LL
Only Gold!
- richtrader replied Apr 2, 2014
Yeah, I'm still waiting for M5 to create lower low and higher low to go short
Only Gold!
- richtrader replied Apr 2, 2014
it looks like the noise is over and the down trend continues ...
Only Gold!
- richtrader commented Apr 2, 2014
Well, I still believe the trend is down, because remember last NFP when the gold trend was up and then NFP brought it down, somehow it managed to go up again, slowly but sure. Unless it breaks 1300 level, then IMO, the trend is up again.
ADP: Private Sector Employment Increased by 191,000 Jobs in March
- richtrader commented Apr 2, 2014
if the news is good for usd, how come gold price up?
ADP: Private Sector Employment Increased by 191,000 Jobs in March
- richtrader replied Apr 1, 2014
yeah, nice huh?
I just closed my short, it's 12 am here, need some sleep and wait for good position tomorrow, hopefully asia session brings gold up for correction so that I can jump on short again. good luck everyone.Only Gold!
- richtrader replied Apr 1, 2014
Hi EatPips, how do you trade gold with FXCM, I don't see this metal at the chart menu.
Only Gold!
- richtrader replied Mar 28, 2014
yeah, it's sideway, but considering the bull is not strong enough to push this pair up, I would still consider sell for next week. Have a great weekend everyone!
Only Gold!
- richtrader replied Mar 28, 2014
it looks like London might push Gold even further down ...
Only Gold!
- richtrader replied Mar 28, 2014
Yes, I =prefer to stay away from Friday because many traders close their trade, making the candle moves against the trend. Good Luck guys.
Only Gold!
- richtrader replied Mar 27, 2014
ah, okay, I prefer H4 and D1 candle pattern. I also check M15 candle, it creates higher low, but like you said, not yet lower low. But considering the trend, I still hold my short. Good Luck.
Only Gold!
- richtrader replied Mar 27, 2014
what makes you think that? It's 1294.3 right now, I'm newbie too, curious to learn from many senior members in this thread
Only Gold!
- richtrader replied Mar 27, 2014
IMO, this pair will go down even further, even bad usd data can't push it up too far and now it's going down again.Only Gold!