Member Info for rockyclown

jusy got back in, the limit buy i had set for aus/usd almost got hit and has shot up now so cancelled because if it dives that low again be to far fron any stop i would want,it was so close though.

yep watch them jump around,thats why i consider it all a fun gamble on days like this,the one ive got my eye on is aus/usd just so close to potential downside limit even with a modest spike hopefully, and thats the sort of place i quess at.

pans out ,made me laught,1.30 nfp i usually take a punt on something with tightish stop and potential good reward if lucky.

cant stay away from the shiny stuff at the mo,opened short at 1665 on the 8am 4h candle,ive 1665 a few times lately as a referance on my chart,so then i can have a tifgt stop either side of it depending on direction

Sorry about typo was from my phone hope you can make it out

Aint gold great for trading, you can good longs and shortd just a few hours apart,f430 do you short gold? Last couple of days i see your going long and cant recall previous posts

Oh another thing farmer, I knew the dramatic affect nfp could have but was not too educated on the fomc,so looked it up,good info thanks

Farmer pleased you had good trading day,f30 and I have different wishes at the mo,I shorted gold at the 4h 8 o'clock candle, may have been overdone I hope, I'm sure f30 has already taken some profits,I must say I like the way folk post there trades on here good or bad and no after the avent just made £££££ like I've. Seen on the LLOy board.

Farmer, yukky isnt it and sods law , just like kept happening to me give more room next time and get stopped out for bigger loss, hardest part of trading in my opinion, f30 see those gold longs are going great guns, i left my trailing stop on as i was busy so missed lots of the move.

have taken that gold short to break even while its in profit because god knows what will happen,jumping around like a frog.

wow,just goes to show how every trader/person has a different psyche with no wrong or right way,i have in the past been stopped out with very wide stops and been locked in with no stop before,now except when having part of a trade in profit i have really close stops,obviously i get stopped out regularly but for small losses,which mentally im used to and dont bother me and if i miss out i am able to move on which i struggled to do with large losses even though i may have been more succesfull with the wider stops and holding,this is why i dont find that many trades,i look for a really strong looking stop nearby and if there isnt one i dont take it on.i did have a modest margin call quite a while ago and its not happening again.

yep,always very aware of the economic calender,been stung in the past,off work on friday for the nfp so usually look for risk reward gamble.i still chart watch for hours trying to learn all the time.i have actually reversed my gold trade,long closed and now short from 1665,trailing stop i left when out got hit,just hope what i think is good resistance on 4h in correct but has given me a tight stop,i would love to have lots of positions on the go like you to keep me busy but i dont seem to many trades for my style.

cheers farmer as i posted yesterday gold does take some getting,did for me anyway,its supposed to be a hedge against the usd,but im not so sure anymore it tends to have a mind of its own,was watching bloombirds one day and a trader was saying how these days it is moved mostly by technicals and thats why i studied it,and it can react very well to trend lines like yesterday,also this chap said the 100 ma can be important hence its the only chart i use this on.also because its often TA driven i play around with fibs including expansions and it can often react to these as well,just the hard part guessing which one.on reports it can have some really scary spikes which have done me well and bad.

F430 i certainly do bother with such things,i spend hours with them.this is my 4h chart for gold with my trendlines,i have fib lines as well but removed them for posting as they clutter up the snapshot,im sure you have something similar, the red line is a very strong historical daily line and the blue one a 4h line,my limit was set at an optomistic 1645 because of the blue line and the pivots around there,then later throughout the day when back at pc had the feeling it was going to honour the daily line hence my change,always read your posts with interests and have adopted one of your methods,taking 50% at an assumed realistic target,then leaving the remainder with breathing space,works for my mentality very well.http://www.screencast.com/t/x36SW6Jra

re gold just ended up opening long at 1653.0 just got so much potential support circa 1652.0

hi all i was invited by joe to post on here,i have from time to time done so in the past.F430,we chatted a while back on the barc bb about gold,you doing it and me not because i couldnt make head nor tail of it TA wise at the time,well few months later and lots of candle watching im getting a feel for it,great spread and liquidity makes it great to trade just have to carefull of the massive spikes on news.currently have buy order for 1645.0.