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- patguchi replied Aug 5, 2011
i'm relearning how to trade again with this thread of yours. helped me a lot so thanks. been observing for two weeks now i closed it because i reacted to news and the price action. bad habits are hard to unlearn.... but i'm getting there. i sent you ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 5, 2011
bought at 1660. liquidated my loses as soon as the NFP came out. liquidated too early though. newbie mistake. could have liquidated it at a much less loss. got caught up in the intraday price action anyways i guess gold is favored to go down this ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 2, 2011
ok now gold is beyond my expectation. 1660. question is.... where is this headed now? is gold going to drop soon or will it persist towards 1700
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 1, 2011
nah... lost half with multiple transactions. was chasing the market most of the time so i ended up buying high and selling low haha
i got back most of what i have lost though. i just had to unlearn some bad habitsDaily GOLD
- patguchi replied Aug 1, 2011
yeah that was my reaction also. that's when i realized i cannot rely only on fundamentals alone when trading. after losing half of my investment i decided to read as much as i can on technical analysis and visit forums like this. i cannot also rely ...
Daily GOLD
- patguchi replied Aug 1, 2011
gold is in an uptrend since $1478. right now it is at a pause bouncing between 1630 and 1600, give or take 3 dollars. usually during these market pauses gold is still poised to go up. only a break below would confirm otherwise. yes dollar buying ...
Daily GOLD
- patguchi replied Jul 29, 2011
sounds good. i'll be doing that too. might have another gap favoring the bulls on monday. but if gold closes below 1600 we may have a gap in favor of the bears on monday
Daily GOLD
- patguchi replied Jul 22, 2011
Hey i forgot to introduce myself. my name is patrick, my friends call me guchi. that's why my username is patguchi. anyways i left a lucrative family business in mining and decided to go into trading. i'm a newbie in trading. barely 6 months into ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Jul 22, 2011
if you don't mind me asking, what are your protective stops?
Daily GOLD
- patguchi replied Jul 21, 2011
agree. after the current price action i think MM might be right too in his analysis @ donny price action is mostly below 1600 lots of long bearish bars followed by a series of small bulish bars. highs are lower with the bull runs (30min chart)
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Jul 21, 2011
lol on the sell off price action awhile ago. false alarm. i thought we were headed for a correction when it almost pierced 1592. was able to buy and exit right away... dont want to hold position for a long time at this point. lots of uncertainty
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Jul 21, 2011
@ MM your trend line shows a very steep accent of gold. when that trend line was broken you can still draw another trend line (but less steep) from the bottom towards the latest dip to 1581.50 - 1582. image gold's momentum may have slowed but it ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread