Many people here insist that Gold should reach 1050 level before rebound, may I ask for a justification for that if possible ... Thanks.

Only Gold!

With respect : My Weekly posts here for the last 3 weeks were anticipating up moves. If you check weekly chart you'll see 3 consecutive Green Weeks, Not easy ones though. However I've made around 20% ROI during these 3 weeks BUYING Gold, you can ...

Only Gold!

Buying Pull Backs returned great this week as well (so far). Over 15 days, my returns from Gold were 17%, however I have 7% drawdown on other pairs (specially Yen). So I think I will follow ClockTrader and trade Only Gold!

Only Gold!

I believe that smart buyers and smart sellers can both make money in opposite markets, specially in Gold market because of high volatility . Many factors can affect their profitability : Entry/Exit Timing, Position Sizing, Money Management ... etc.

Only Gold!

So, I am letting my profits run ... they run away ...

Only Gold!

I am from the 49% who prefer Gold.

Only Gold!

...lots of wicks, I agree, but couldn't stand still.

Only Gold!

Where are you guys? Any way, I've Initiated a set of new longs with avg price of 1190 targeting 1200.

Only Gold!

Bug 1: After triggering the last pending SellStop Order. EA starts to give alerts of not being able to open new steps. I Will fix this later. but if you face the same situation just remove the EA.

The Ladder System

On this computer, Yes. But Why ?

USD/JPY Discussion

EA in progress .... from the previous post

The Ladder System

About : LadderSystemEA_UFO.ex4 Remember, if your broker provides 5 digits (3 on JPY crosses), then if you use 100 step size it means 100 points (=10 pips), same applies for SL. Also it is wise to use the same lot size (for fixed_lot_size) as the lot ...

The Ladder System

No Comment ! image

USD/JPY Discussion

Thanks. Its actually a Samsung Galaxy S3 (android). The application is MT4. Its free through Google Play.

Only Gold!

Here is the LadderSystemEA_UFO with User First Order option. Set First_Step_Order_Ticket to your first open order Ticket Number. This should be a valid market order (Buy or Sell). And set other parameters as you want. EA will build the Ladder steps, ...

The Ladder System

Thanks. This why I said (small volumes). I am anticipating a retrace to fill the weekly gap, not a complete reversal of course.A suggested stop could be beyond 117.50 as nearest resistance is around 117.35.

USD/JPY Discussion

As I mentioned on Thursday price was capped by DMA-10 which when btoken up may test DMA-20. It did that on Friday, and now setting above DMA-20 with an eye on DMA-50 @ around 1212. Some bullish signs (not a clear reversal though) are appearing : ...

Only Gold!

I suggest Shorting at these levels (or higher when possible), targeting the un-filled GAP around 112.50. Start with small volumes and add on the way down. Notice the Bearish Divergence on the Daily. Daily Chart: image

USD/JPY Discussion

What a week ! Closed all my longs for the week at profit. My Golden plate is clean now. However I still have some other dirty plates filled with oil, yen and cable. Hope these get cleaned next week. Have a nice weekend every one.

Only Gold!

So, it turned out to be a ranging day after all. And both bulls & bears made money.

Only Gold!