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).
@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
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!
To change your trading result, just change your thinking.