Gold calls.Long term -medium term and intraday calls in gold is here !.

[db96]

Looks like short term resistance is 757. Therefore, buy on a breakout ? 758

 

[TrentT]

i shouldnt have put so much money down per point...thats what killed me.

MY IG account doesnt have trail stops either. What is cost to cost?

Cost to cost .. Sujith uses that expression to mean move your stoploss to your entry price - then safe, no loss possible.

I make my trades comfortable by not risking more than 5-8% max of my account
(stoploss risk) on each trade. Then you can enjoy - small profits bit by bit until you've built up enough to do larger trades comfortably .. the way I'm going.

I edit my stoploss manually as the trade goes along - you have to to keep on top of things..

 

[doberman]

Going buy your charts I thing a blind man on a galling hourse can see this is heading south

 

[cly_evo]

its just a rough outlook. nothing accurate. covered with supports n resistances. cant say to where the break out is..!

Appreciate it if u can convert to jpg. The file is huge.... cant download... at least not with my connection anyway.

 

[Wideboy]

Stopped out -$5

 

[bbillcee]

i just come back any calls pending?

 

[artful_dodger]

haha...on a galling horse i like it.

Thanks for the info Trent...IG imposes a minimum 2.4 points away stop loss.

Looks like its going down. The Euro/USD has a head and shoulders pattern on the 5min chart?????

 

[55mph]

wideboy, does it ever seem like the market will trade to the stops?

 

[sujithsstorock]

Appreciate it if u can convert to jpg. The file is huge.... cant download... at least not with my connection anyway.

okay will do

 

[sujithsstorock]

keep tight stop


sell gold at 755.2 $ stoploss 758.5 $ tgt 751.5-749.2-747-743 $

1st tgt met . :clap: patience pays..!



well i wasnt patient enuf

 

[artful_dodger]

Right shoulder on euro/dollar failing to form...does that mean an up move?

 

[rodin]

Ever considered trading options? At time like this well out of money calls are quite cheap and if U expect a sharp rally you only risk original stake. No whipsawing. Lets say you have an option geared to £20/$ above March contract (end Feb) cost about £1000. Soon as silver gets above $15 you are in the money. But say silver is $12 this month - option value goes up beyond spread value maybe £2000 because of high delta - time

Any high point above $12 you can s/t short £2 stake no worries no stop

edit

By 2009 you have to be more careful coz time is already running out. Cash out at January high and buy April at next low

 

[Sprawl123]

Ever considered trading options? At time like this well out of money calls are quite cheap and if U expect a sharp rally you only risk original stake. No whipsawing. Lets say you have an option geared to £20/$ above March contract (end Feb) cost about £1000. Soon as silver gets above $15 you are in the money. But say silver is $12 this month - option value goes up beyond spread value maybe £2000 because of high delta - time

Any high point above $12 you can s/t short £2 stake no worries no stop

edit

By 2009 you have to be more careful coz time is already running out. Cash out at January high and buy April at next low

Rodin who do u use/recommend for retail option brokerage ? FX PM and maybe stocks too? Do u spreadbet options only, or do the real deal?

 

[yvij]

its just a rough outlook. nothing accurate. covered with supports n resistances. cant say to where the break out is..!

Nice chart, what are the lines representing?

Are they Fib retracements?

 

[bbillcee]

short?

 

[Wideboy]

wideboy, does it ever seem like the market will trade to the stops?

Yes! Although I am getting better at placing my stops (not on this occasion)
Its annoying but its part of the game. This is what drives much of the price fluctuations.
Always try and place your stops just wide of obvious areas.

 

[sujithsstorock]

dont shrt..!

 

[bbillcee]

dont shrt..!

ok!

 

[55mph]

i'm still long from 755.30

missed a lot of trading profits so far.

euro is back over 1.41

 

[Wideboy]

Suji do you use Elliot Wave at all?