Seems like the market is a little bit undecided at 18:00 MT4 time for EuD. I'm looking at a break of 1.3205 for a reversal to the top(a possibly high chance for a confirmation of a double bottom). Else, a support break of 1.3053, 50% fibonacci retracement level of 16 jan low and 29 feb high, is my target for a lower drop. The fibonacci 1.3053 has been broken though today, for the daily lowest price recorded at time of this posting is 1.3051.

undecisive?

Next, watch out for news today. Bernanke is giving speech at 10pm Malaysian time and US current account will be released one and a half hours before Bernanke speech.

Before US data, we have some Euro data coming in at about 6pm Malaysian time, regarding CPI and industrial production. Analyst predicting positive results for the Euro data.

I'm a bit curious to trade during this upcoming US data release. Too much data released within short gap of time, and bernanke's speech could make the graph goes volatile. Might be avoiding trades during that time, well perhaps a smaller lot trade would be fine.

*Update
almost starting of a new daily chart on MT4, just less than an hour left, yet the graph seems to be near today's low. And at current time, today's candlestick has engulfed yesterday's. If US data is positive, we could see some 100-200 pips drop An opportunity not to be missed. haha.

All the best everyone =D



This post has been edited by dillmac: Mar 14 2012, 04:17 AM

as usual .. gold...
second entry was nice yesterday... mr rime, did you get in the pullback?
*1685 will be my next entry target... careful on 1663...
** it will be a good idea to short on break of 1663



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Do anyone heard abt Global Venture Financing and Trade Orbitz company??
how is it?

poks,i miss everythin yesterday..went happy hour to release stress.....then too tired to watch the market after that...what u think for today?..short?...or long till 1700 back to yesterday price?...

today got uncle ben speech wor. u dare to trade? XP

y not....jus trade wit limits....put ur SL n TP...

it's okay to trade during uncle ben's speech... i do...
just need to define your risk / set your sl tight..
anyway... just look at the market.. market will tell you what uncle ben is speaking about...
mr rime... just shorted gold...


This post has been edited by poks: Mar 14 2012, 02:02 PM


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cool!....i shorted since 1680....taken profit at 1673....
now wait for right time again....

sifus, is it fine to long it once the gold drop till 1668??

not sure....but should be a good deal to me....i got to long at 1670.....not that low....but a tight SL at 1666.........small trade for this....

i've tried long it at 1678 and eventually it falled till 1669..

This post has been edited by xxcha0sworldxx: Mar 14 2012, 03:33 PM

u need the power to hold then.....

i believe if today gold went below 1662, then it might go further down..... but if not, i believe and try to believe the market will hit 1700 today....
good luck!!

as for aud/usd, it a up day for me....target 1.06 ....SL 1.048

gold reached 1662, ...no confident to hold it ord...

no offence,
but you gentlemen seems like trading against the move...
gold retracing again... seems like good entry coming

the entry i was talking bout

This post has been edited by poks: Mar 14 2012, 05:39 PM


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very nice trade call.2k pip.
swing and scalping at the same time.

closing today's gold trade...
check your 1H chart... doesn't look good..
see you guys @ NY open...

wow gold drop so so so fast

wow..luckily stop loss at 1666...or else will be pop-ed eye when im back now....

ahhh.. NY started early today. daylight saving buzz...

if all goes according to plan & closed below 1663... tomorrow going to put another long term short.
time to sleep ..zzzz
btw... mr rime, trading gold fun? heheheheh


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poks, gold is exciting...but realli need to be very careful...physically very muchdiff frm currency.... need to be very sensitive....hahaaa....

tomolo long Short??.... if so i need to be re-adjust my plan...hahaaa....thought of waiting the right low to Buy...hHaahaa