REAPPOST DOT COM (By reappost)
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REAPPOST DOT COM Discussion
May 29, 2014 at 15:41
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1 Replies
May 30, 2014 at 11:48
Earning from gold market when gold has no clear direction: the magic rule
Market has no direction yet and usually I like to keep one buy order beside one sell order when I am trading $GOLD with no clear trend
In this case I follow the great rule (it will not follow our analysis to test highest hi and lowest down)
I manage to see where it is going if climb up it is ok till highest level then double my sell order with new one from the top after closing my wining buy order and if it going down I will do the same
Usually I do that and i am trading with ETORO and Forextime , they finally gave me free swap account so i can keep my orders open as long as i need
Good luck
Market has no direction yet and usually I like to keep one buy order beside one sell order when I am trading $GOLD with no clear trend
In this case I follow the great rule (it will not follow our analysis to test highest hi and lowest down)
I manage to see where it is going if climb up it is ok till highest level then double my sell order with new one from the top after closing my wining buy order and if it going down I will do the same
Usually I do that and i am trading with ETORO and Forextime , they finally gave me free swap account so i can keep my orders open as long as i need
Good luck
HISHAM YOUNES
Jun 02, 2014 at 13:43
Gold: how and when you can trade this week due ECB rate decision and RSI
On Thursday, there will be big move depending upon the ECB rate decision or houses have already that report with them .it is expected that ECB will cut the rate ; that will lift the $ and depress the $GOLD .I've the opinion because of this report the houses and people already selling the $GOLD and price is getting down and it has come to that level from where it will move very slowly downward till Thursday .and if ECB ll not cut the rate it will bounce back very nicely .
second opinion is that RSI is very negative which is showing the market is in oversold condition, so from here market can bounce back to max 1268 to knock the floor it has broken till Thursday .on Thursday with the news it will move downward again....but till Thursday it's good to buy now from1241 level and than 1229/1225 level avg will be 1235 will b hit again and again and one can cover the losses or even make entries green. So better to buy with half margin n kept half for 1225
On Thursday, there will be big move depending upon the ECB rate decision or houses have already that report with them .it is expected that ECB will cut the rate ; that will lift the $ and depress the $GOLD .I've the opinion because of this report the houses and people already selling the $GOLD and price is getting down and it has come to that level from where it will move very slowly downward till Thursday .and if ECB ll not cut the rate it will bounce back very nicely .
second opinion is that RSI is very negative which is showing the market is in oversold condition, so from here market can bounce back to max 1268 to knock the floor it has broken till Thursday .on Thursday with the news it will move downward again....but till Thursday it's good to buy now from1241 level and than 1229/1225 level avg will be 1235 will b hit again and again and one can cover the losses or even make entries green. So better to buy with half margin n kept half for 1225
HISHAM YOUNES
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