Gold

[Jog On]

Good for you. You know what you're doing, I've a feeling that there are a lot of people who are currently buying that haven't got the relevant safeguards in place.

It'll end in tears for most.

Oi DimPrawn, you're sounding more and more like a panicking sheep in a field all alone with AtW.

Thanks Yes most people will be overleveraged with no stop loss and everything pinned on 1 trade then blame it on anyone else but themselves. This is why we see so many brokers advertising account bonuses for signing up..

[TestMangler]

He's a font of misplaced rage. Name your cliché; Mother held him too much or not enough, last picked at kickball, late night sneaky uncle, whatever. Now he's so angry moments of levity actually cause him pain; gives him headaches. Happiness, for that gentleman, hurts.

HTH

Thank you for that Mr Green

[TestMangler]

I am too busy working in the finance industry today to educate you on subjects quite clearly above your intelligence.

Why don't you show me, in your own time, on this doll, where it was the bad man touched you ?

[Jog On]

At $1870 I'll move my stop to $1860 - then each $10 I'll do the same until it turns around and takes me out.

Not that hard it it?

*EDIT* and as I wrote that it shot up to 1873. Time to go and 'play with my phone' inconspicuously...

[Churchill]

At $1870 I'll move my stop to $1860 - then each $10 I'll do the same until it turns around and takes me out.

Not that hard it it?

*EDIT* and as I wrote that it shot up to 1873. Time to go and 'play with my phone' inconspicuously...

You're beginning to sound just a little too smug.

[Jog On]

You're beginning to sound just a little too smug.

Sorry!

[minestrone]

Now then Mr Minestrone, I often enjoy your postings and I think you're actually quite an intelligent fellow below the occasionally pugnacious surface. However, given the financial chaos of the past 5 years that has seen many people's pensions destroyed, many people's businesses reduced to rubble and many people's jobs lost, do you not think it would be more helpful if those in the financial services business were to show just a modicum of humility and open themselves to learning from other people who have taken the trouble to learn a profession or trade?

As I say, I am skeptical about the 'expertise' of those in a business which would appear to have comprehensively bolloxed everything up so badly.

These current problems are being caused by Governments, US and European, who cannot manage their debts and are still overspending. I thank the Lord we got Labour out when we did or we would be in the tulipter as well at the rate he was spending. It is not really a bank or financial industry driven problem this time round.

Anway the first comment was more because you always admit you know nothing on this subject and less of an insult, then Lurch got in the way.

[Churchill]

Sorry!

It's alright son.

Read this, you'll feel much better...

If you can keep your head when all about you
Are losing theirs and blaming it on you;
If you can trust yourself when all men doubt you,
But make allowance for their doubting too:
If you can wait and not be tired by waiting,
Or, being lied about, don't deal in lies,
Or being hated don't give way to hating,
And yet don't look too good, nor talk too wise;

If you can dream---and not make dreams your master;
If you can think---and not make thoughts your aim,
If you can meet with Triumph and Disaster
And treat those two impostors just the same:.
If you can bear to hear the truth you've spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And stoop and build'em up with worn-out tools;

If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings,
And never breathe a word about your loss:
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: "Hold on!"

If you can talk with crowds and keep your virtue,
Or walk with Kings---nor lose the common touch,
If neither foes nor loving friends can hurt you,
If all men count with you, but none too much:
If you can fill the unforgiving minute
With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And---which is more---you'll be a Man, my son!

[TimberWolf]

At $1870 I'll move my stop to $1860 - then each $10 I'll do the same until it turns around and takes me out.

Not that hard it it?

*EDIT* and as I wrote that it shot up to 1873. Time to go and 'play with my phone' inconspicuously...

So you work on the basis that the price of gold moves after some bad news or event, e.g. the stock market falling?

[Jog On]

So you work on the basis that the price of gold moves after some bad news or event, e.g. the stock market falling?

I just trade what I see on the charts - mainly bounces from support & resistance. In this case I just piled into gold to ride the doom.

I got stopped out of this one at 1860 for about a $20 move. On to the next one!

*Edit* - I also spend a bit of time on this forum:

http://www.forexfactory.com/showthread.php?t=222032