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futurestrader
#1 Posted : Friday, August 26, 2011 11:08:55 AM
Rank: New-farer

Joined: 8/26/2011
Posts: 16
Currencies are good , Gold is better :) lol

PS. I dnt want haters on this thread . If you still think FX and Futures is crap , leave this thread alone and leave the people who want to make money live in peace.

.
Quote:
Audaces Fortuna Iuvat
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QW25071985
#2 Posted : Friday, August 26, 2011 11:22:49 AM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
am sure @guru has heard that loud and clear , lol
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jamplu
#3 Posted : Friday, August 26, 2011 11:24:38 AM
Rank: Veteran

Joined: 3/25/2010
Posts: 939
Location: Nai
it has its moments too it had lost 200 by yesterday in a week but its a good choice
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hisah
#4 Posted : Sunday, August 28, 2011 5:14:00 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
futurestrader wrote:
Currencies are good , Gold is better :) lol

PS. I dnt want haters on this thread . If you still think FX and Futures is crap , leave this thread alone and leave the people who want to make money live in peace.

.

Kudos smile

I can see you also trade jumbo lot sizes smile

I'm envious that you're still in trade since I closed my trade when prices shot past $1600 in a few days from $1490. Had got in at $1505 and it seemed toppish @ 1620. Took profit @1610.
I have 2 concerns at the moment:
1. The daily price moves of $50+ are making gold become a volatile trade. But not yet like silver.

2. The technicals on long term charts are too stretched. Look at the monthly chart & you'll notice while price is rallying, RSI overbought levels are getting lower. The rally strength is not supporting higher prices. The huge $200 reversal hints at a nasty correction. I hope you have your profit triggers in place to avoid losing those nice gains.

And yes, gold is money. Silver too is catching up. Has been my best trade in 2011.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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jamhurifx
#5 Posted : Sunday, August 28, 2011 12:42:21 PM
Rank: New-farer

Joined: 8/16/2011
Posts: 17
Location: Nairobi
futurestrader wrote:
Currencies are good , Gold is better :) lol

PS. I dnt want haters on this thread . If you still think FX and Futures is crap , leave this thread alone and leave the people who want to make money live in peace.

.


That my friend is a lovely account.Keep it up
jamhurifx.blogspot.com
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Ceinz
#6 Posted : Sunday, August 28, 2011 6:00:51 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Good thread that we can use to track gold, silver and other commodities. @ Hisah, gold rally is not done yet as long as rumours of QE3 persist. It should shoot past $2000.
“small step for man”
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hisah
#7 Posted : Monday, August 29, 2011 1:01:00 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:
Good thread that we can use to track gold, silver and other commodities. @ Hisah, gold rally is not done yet as long as rumours of QE3 persist. It should shoot past $2000.

$2000 is short term target. $5000 can be surpassed with all the money printing. But short term period indicators are too stretched just like silver back in May 2011 & oil in 2008. A sizable correction is coming. At 1500-1600 level the spring to push above $2000 - 2500 will have more power.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#8 Posted : Monday, August 29, 2011 1:46:17 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Definitely I short a test & failure to go above 1915-1920 aiming
1700-1650. Yes, I'm a gold bull, but such a short setup cannot go to waste.

http://tinyurl.com/3k279ce
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Monday, August 29, 2011 7:36 AM | Reason: Not specified
Ceinz
#9 Posted : Monday, August 29, 2011 9:28:20 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Gold. Dumb Money. Bubble?
http://www.babypips.com/blogs/c..._dumb_money_bubble.html
“small step for man”
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futurestrader
#10 Posted : Monday, August 29, 2011 7:02:56 PM
Rank: New-farer

Joined: 8/26/2011
Posts: 16
hi traders...hope you made mad pips today...note XAU moves 1500 pips per day...last i checked Euro did daily average of 150 pips..do the maths
you just need balls of steel to trade this baby

anyways a glimpse of my today's trade - no wonder some of my friends hate me..



am having a problem posting replies..apparently i can only post 1 reply every 2.5 mins

Quote:
Audaces Fortuna Iuvat
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  | | Edit by user: Monday, August 29, 2011 7:05 PM | Reason: Not specified
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