The place for Spot Gold comments and forecasts for non-professional traders.
Friday, September 29, 2017
My SL order was not hit on the rally to 1290 so I left the short position opened. First target still is 1271 and then 1262. If the bearish scenario plays out as I expect I will try to go long @1262 and see what happens.
Yes but I would take take profit at the first target @ 1274 and sell again on a rebound to 1279, it would take a couple of days but apparently the second target could be reached as well this week.
It always a learning process, making money is important however not losing it is by far more rewarding. We get hooked up by brokers under the idea that we are make to make tons of money but they never stress enough on how not to lose it, since they profit whether the client gains or losses valuable funds that have typically come from hard work.
it could not quite break 1271 for me, i took a long at 1272.25 TP at 1278, SL at 1270.25. not sure how this will go, as the retracement to 1278/9 is not so confincing made my decision on a MACD Bullish divergance on M15
the news just now did not have too much effect, going to keep my pending short order at 1278.55. if it gets triggered good, if not I'll look for a solid break below 1271, onwards to 1262
Disclaimer: This site is not intended to provide professional advice nor to lead users to either copy or follow the trades herein posted, it is essentially conceived to share thoughts and ideas for non-professional traders and become a non-official knowledge base for individuals interested in testing and improving their own skills in the spot Gold market.
Good job, o dod all bad but anyway I made profits this week. Thank you. Have a good weekend.
ReplyDeleteDid*
DeleteNext TP is 1274 ! and aftre that 1262 possbile right Sr?
ReplyDeleteYes but I would take take profit at the first target @ 1274 and sell again on a rebound to 1279, it would take a couple of days but apparently the second target could be reached as well this week.
ReplyDeleteThanks Sir, actually i lost too much money without any knowledeg i did trading, now i am learning ittt with suport of epople like you
ReplyDeleteIt always a learning process, making money is important however not losing it is by far more rewarding. We get hooked up by brokers under the idea that we are make to make tons of money but they never stress enough on how not to lose it, since they profit whether the client gains or losses valuable funds that have typically come from hard work.
ReplyDeleteyeahhhhhhhhhhhhhh
Deleteagree wholeheartedly! Good day everyone :) awesome week for you guys, and goodluck with your trades.
ReplyDeleteWhat do you guys think the very sad Las Vegas shooting will have on gold?
Little no none since it was a domestic issue. No terrorism involved.
DeleteSo,, we are rebounding from here !! or 1263 can see?
ReplyDeleteBoth levels are meant to see a rebound short term but I like 1262 better. In any case volatility is good for short term trades.
Deleteit could not quite break 1271 for me, i took a long at 1272.25 TP at 1278, SL at 1270.25. not sure how this will go, as the retracement to 1278/9 is not so confincing made my decision on a MACD Bullish divergance on M15
ReplyDeleteI would say 1276 but I think I was late with my reply.
Deletethe news just now did not have too much effect, going to keep my pending short order at 1278.55. if it gets triggered good, if not I'll look for a solid break below 1271, onwards to 1262
Deletealso based long on the fact that there is the las vegas sadness as well as some US date due in a short al
ReplyDeleteHello Cesar , how's everyone doing ? :-)
ReplyDeleteHi Omar, new here, nice to meet you :)
DeleteHi Omar, welcome back. Doing ok so far. How about you?
ReplyDelete