Gold to hit RT before going up.... Anyone with me ? ?

Wave A at 165x?

The spike the news will carry later will either push it beyond 1800 or push it towards 1750 -...Lets see

Good trades. The JPY market has been great this week. Managed to hook up 400 pips from EURJPY and GBPJPY

But the trades were opened back in 1Oct... Done too for this week. Next week, gold will be nice to trade.

My thought is that it will head down at least until 1773 before heading up again.

Then I could be wrong. Must monitor market see how.

Try ask poks too, he is pro in gold

Long gold from 1767, closed at 1772, safe 500pips.

Expecting it to go up again....Might enter long again later....Have to monitor first

Dunno how they call it..Some call it 5 pips...some call it 50, some call it 500......

I m using micro now, so it's 500 here.

Anyway, even if I trade it using my standard acc, I also still call it 500 pips... Sounds better, more motivated

This post has been edited by solstice818: Oct 8 2012, 05:42 PM

XEMarket is former trading point, right?

Kinda interested in opening a new account with them. Overall, how's the service?

If you dont mind, can I ask how's the withdrawal process?

Will it take long time?

Is there any service charges/fees for withdrawal?? Thanks!

What a turn for gold...

Anyway, pocketed 30 odd pips for EU
Another 30 pips for NZD/USD.

Done for today. Tired like shit

I thought no requote is an advantage, eh?

It only sounds good on paper.


it counts by a standard lot and the fact that most clients you refer to are new. How many lots will they trade? Probably mini and micro lots and that will takes 100++ trades to make that $5 usd...and that's provided their account still alive after 50-60 trades.

the minimum size depends on ur type of accounts.

Anyway, good luck for trading. Just dont get carried away. A lot of newbies get carried away with few profit trades and started trading it big and boom their accounts in no time.

Start small is the way to go for newbies. have seen too much newbie boom their big money account and quit trading after few months.

Better safe than sorry

Current price : 1736...

My analysis telling me that it will rise to 174x before falling to 171x. Possible as low as 1715.

I m placing a sell limit at 174x and TP at 1715.

Let's see....

This post has been edited by solstice818: Oct 16 2012, 02:34 PM

It's hard to tel just yet whether it's buy or sell... I think 1748 will be very important level to watch. Breaking it will means more upwards movement for coming days.


Meantime, I m observing. Will take short position soon.

Think we will hit 1700 by end of this week. Not too sure about 1650 though.

You should be glad that your risk is zero. A lot of traders lose money this week.

Market is a bit odd at the moment. The gold trades yesterday earn some pips but it went up again today.... Let's see what happen next week.

I m out for this week.

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Added on October 17, 2012, 5:15 pmWhere to get this USD index?

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Added on October 17, 2012, 5:18 pmTry out demo first. Try various brokers' demo to find out which suits you best.

Demo for at least 6 months before u go live. And even then, trading live is so much different from demo. Start off with small capital.

It's the spread broker charged on you.

This post has been edited by solstice818: Oct 17 2012, 05:18 PM

Cant find "indices" what broker you using? Thx for replying

I m that type too. It's just that sometimes when Spike happen, it hit the SL at BE then went up again in profits and I was angry at myself for putting SL. Happened quite few times to me... Now I dont put BE anymore...At least +1 to console my soul that at least I still earn one freaking pip

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Added on October 17, 2012, 5:32 pmHow much your capital? How come so fast bust?

This post has been edited by solstice818: Oct 17 2012, 05:32 PM