Looking at the chart; i wouldn't dare going against the momentum as there is still room for downside 101.40 levels....Maybe some scalpers who trade lower time frames would know better. If anything I would atleast wait for a reversal candle?

Only Gold!

Thanks Rahul! It's lessons like that which really teach...today i can't even dream of picking up a position more than 2 to 3%... good luck to you too...

Free Forex Signals [Gold]

I did read that -it was unfortunate1! 40% is too much on one trade.. Ive leared this the hard way too...back in 2011; I lost like $8000 on one trade...i was shorting gold on something like 1550 (hoping for a triple top reversal)I was so convinced ...

Free Forex Signals [Gold]

I feel for ya there and can relate!!! Every trader has blown a real account at least once before becoming successful! Its part of the education... for college one pays tuition for trading one blows their account!

Free Forex Signals [Gold]

image On the 1 hr chart gold is being supported by the 365 ema currently! Lets hope it can hold on the 8-10 Ema...!

Only Gold!

there are many goldguru's on twitter? which one is CT? You guys can find me @fxherder.

Only Gold!

Plus i have an idea for your blog...maybe you could also embed that twitter feed in your blog also!

Only Gold!

I guess you could limit your audience...privacy restrictions (only let follower see...?) Its an instant feed; very reliable and quick!

Only Gold!

i agree...CT has started a signal service...but I seriously think twitter is the best and fastest way to communicate...lets all match up on twitter also?

Only Gold!

Indeed 1305/6 area is good resistance and definitely worth another buy! thanks CT!

Only Gold!

Tail isn't long enough...looking for an inverted hammer for confirmation...Maybe also spinning top...? actually a spinning top could mean continuation of run in the latter part of the day. But this market cannot fall below 1300 today!

Only Gold!

really??? I can accept a fall to 1300 but not 1295...With russian situation its a psychological level 1300??? Lets see what happens I'm gonna hold my buy and trail to stop loss of 1306!

Only Gold!

image gold resisting on 150EMA 4 hr chart! :S

Only Gold!

Indeed sanmoore is really good...Good call with patterns...plus he joined the bulls team early yesterday!

Only Gold!

hmm.. 40% is a lot on a particular trade...2 to 5% rule is reasonable! And yes you are right about how newsmakers change their opinion...news/opinions is a lagging indicator but news about action/riots/war should be taken seriously...! take it from ...

Only Gold!

The news sounds bad....whenever there is panic stay in gold! Yes I would only short when the lower trendline gets broken... 60% of your account..was this in the end of feb; the gap up on the daily chart?

Only Gold!

you are welcome!

Only Gold!

Plus tensions b/w us russia and ukr have started again...on the news...I really think this will add to the bull run...

Only Gold!

I would say...but i usually would't short when Pa is above 50 ema; i would rather take profits off my long and wait for the lower trendline for a buy..but thats just me.

Only Gold!

Yes 4 hr and daily!

Only Gold!