Gold Trading

@mlawson71 buy s.l 1149 a spike before rate hikes also sell eur usd tp 1.0585

a close above 1157 and double buy tp 1166/1167 daily close above 1170 buy for long term , then

How did the gold traders out there fare with the interest rate rise?

I was in a short silver trade 8 or so hours before and closed at profit before the price came back up - phew.
Then this morning after the decision and the hammering down I got a long gold trade in and just closed.

It was an obvious over-reaction and am sure some traders out there would have made a heck of a lot from that trade.
In a way I regret not trading it, however it was 3am in the morning my time (Perth, Western Australia).

ProfessorGold posted:
a close above 1157 and double buy tp 1166/1167 daily close above 1170 buy for long term , then

@ProfessorGold
Dear Noor Kausar,

why would anyone listen to guy with demo account with 66% DD?

togr posted:

ProfessorGold posted:
a close above 1157 and double buy tp 1166/1167 daily close above 1170 buy for long term , then

@ProfessorGold
Dear Noor Kausar,

why would anyone listen to guy with demo account with 66% DD?

You appeal to this given your experience.
Why do not you show us some of what you've learned about it?
It is experience that can serve many.

@togr i dont like talking giving answers to ppl whom their parents havent taught giving respect and gaining respect, no body is enforcing you to listen , it was bought s.l 1149 then it went up closed above 1157 and then it went all the way to the 1165/1166 same as i said, it didnt closed above 1170 that's why it fell all the way down , A demo account is used for results , While a live account has a privacy , only fools may upload their live accounts here, thankyou!

@camerongill whatsap me 923335242195 at times i dont come here , i have to take classes in universty , now 1119/118 is a strong support buy it , but not for a long term , some of my maths equations saying closing of 2016 might be 1105 thats why i am waiting for a close price of the year , Talking fundamentals , rate hikes happened as expected , now u.s is in real trouble they can not afford rate hikes they have to insert a series of hikes or they have to decrease it they can not keep this value constant , lets create two equations X1 and X2
X1= rates remain higher at this value , while The incoming data is not green but red
x2= reaction of japs , eu, uk rates which is for sure more negative and rate cuts
assuming 1 if rates remain higher , data is negative like nfp , afp , unemployment , inflation etc , impact of this equation on market
and impact of second , all you have to do is to now watch for negative data , ( a series of negative data , remember the down leg of usdx will be faster then this up leg as rates are higher , opposite to it you can understand better

just took a short , @1134

target 1116

a strong sideway is in play now , (1135/1143).... (1116-1085,)

My short positions on gold opened 2 days ago so far are doing quite well 😄 Seems like the xauusd price is in a strong bearish direction. Could be good opportunity to earn 😄

ProfessorGold posted:
just took a short , @1134

Mate, I cannot see that trade on my charts.

All I can see is a short term bullish +sideways movement for the moment.

Don't want to look any further into the future than that!

cheers

I have just opened a SELL trade here for 120 pips TP with 30 pips SL. That means; it’s about 1:4 ratio, really impressive! According to daily and H4 time frame I have opened this trade! No doubt, gold trading is much profitable rather than general currency trading! Besides, I am also interested on silver metal!

@camerongill 1139/1140 os a weekly pivot a rejection from pivot and target weekly support 1 , :)

camerongill posted:

ProfessorGold posted:
just took a short , @1134

Mate, I cannot see that trade on my charts.

All I can see is a short term bullish +sideways movement for the moment.

Don't want to look any further into the future than that!

cheers

What I understand is that you do not dare to trade with gold, you prefer only general currency?

@PriceAction13 I agree with you, definitely the gold trade is profitable and very good 😄

@PriceAction13 what I like to trade gold is its high liquidity, and that can be transformed into virtually any currency quite easily

Although gold is quite dynamic. 😁

samusa posted:

camerongill posted:

ProfessorGold posted:
just took a short , @1134

Mate, I cannot see that trade on my charts.

All I can see is a short term bullish +sideways movement for the moment.

Don't want to look any further into the future than that!

cheers

What I understand is that you do not dare to trade with gold, you prefer only general currency?

Not sure what you area meaning. Check my account, I am only trading XAUUSD and XAGUSD pairs.