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What would you do?
  • Buy gold
  • Sell gold
  • Sell £ vs anything
  • Buy SPX
  • Sell SPX
  • Other
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This thread was started in response to the Poll:

Your Top Trade?

If you were given $10,000 in real money today with one requirement: You must place 3 trades between now and the rest of the month, what would you do? The choice is strictly among spot forex (currency pairs), gold, oil, DOW30, SPX500 or DAX30. Feel free to use the comments area to specify price target, time frame and/or other pairs or markets not mentioned among the choices.
 
davidmichaels
edmonton, Canada
Posts: 0
9 days ago
Nov 5, 2019 0:36
voted: buy gold

Not a day goes by, that one gold ETF or another is reporting on the gains to its stockpile. Most of those gains come from financial institutions and hedge funds boosting their portfolio positions. We do not in any way denigrate the importance of this Wall Street move to gold. In fact, their presence in the gold market has been one of the market mainstays over the past few years and a welcome addition to the ranks of gold owners.
freeforex
Central, Egypt
Posts: 0
9 days ago
Nov 4, 2019 17:27
WAVE FUNCTION Elliott wave

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Every wave serves one of two functions: action or reaction. Specifically, a wave may either advance the cause of the wave of one larger degree or interrupt it. The function of a wave is determined by its relative direction. An actionary or trend wave is any wave that trends in the same direction as the wave of one larger degree of which it is a part. A reactionary or countertrend wave is any wave that trends in the direction opposite to that of the wave of one larger degree of which it is part. Actionary waves are labeled with odd numbers and letters. Reactionary waves are labeled with even numbers and letters.
All reactionary waves develop in corrective mode. If all actionary waves developed in motive mode, then there would be no need for different terms. Indeed, most actionary waves do subdivide into five waves. However, as the following sections reveal, a few actionary waves develop in corrective mode, i.e., they subdivide into three waves or a variation thereof. A detailed knowledge of pattern construction is required before one can draw the distinction between actionary function and motive mode, which in the underlying model introduced so far are indistinct. A thorough understanding of the forms detailed in the next five lessons will clarify why we have introduced these terms to the Elliott Wave lexicon.
Lesson 4: Motive Waves
Motive waves subdivide into five waves with certain characteristics and always move in the same direction as the trend of one larger degree. They are straightforward and relatively easy to recognize and interpret.
Within motive waves, wave 2 never retraces more than 100% of wave 1, and wave 4 never retraces more than 100% of wave 3. Wave 3, moreover, always travels beyond the end of wave 1. The goal of a motive wave is to make progress, and these rules of formation assure that it will.
Elliott further discovered that in price terms, wave 3 is often the longest and never the shortest among the three actionary waves (1, 3 and 5) of a motive wave. As long as wave 3 undergoes a greater percentage movement than either wave 1 or 5, this rule is satisfied. It almost always holds on an arithmetic basis as well. There are two types of motive waves: impulses and diagonal triangles


fxquanto
munich, Germany
Posts: 0
21 days ago
Oct 24, 2019 12:55
emmajio
washington, United States
Posts: 0
21 days ago
Oct 24, 2019 8:19
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evanpattern
https://www.gold-pattern.com/, Egypt
Posts: 0
22 days ago
Oct 22, 2019 14:31

Planning your exit

Since no human can see into the future, unfortunately new and experienced traders alike will sometimes have to contend with losing trades.

Emotions can run high at these times. Watching your hard-earned money being depleted from your account is an uncomfortable experience - and it can compromise your decision-making abilities.

That's why it's important to decide - right at the outset - where you'll get out if this trade doesn't go well.

Rule 1: always have an exit strategy
You need an exit plan - a strategy for managing the risk of the position, so that one bad trade won't wipe out a significant chunk of your trading capital. But simply telling yourself where you want to get out may not be enough.

Consider the scenario: you head to bed for the night with a position going well, but by the time you wake up in the morning the market has taken a turn against you.

Or perhaps you're watching a position while travelling on the train. You enter an area with no mobile or wifi service, and by the time you get back online the market has moved past your planned exit level.

Shutter stock
So once you’ve decided where you’ll close the trade, you need an automated mechanism to protect you when you’re not in control. And that’s our second rule:

Rule 2: set a stop
Setting a stop reinforces your exit strategy. The resting order will close your position if the market hits the level you specify, even if you're not logged in to your platform at the time.

It also removes the need for you to make a difficult decision under pressure.

It's easy to disregard the emotional aspects of trading. But, especially when you're new to the markets and still learning, the rollercoaster of feelings created by losing a trade can have a substantial impact.

Example
Let's say you take a long position and the market immediately starts to rise, putting you into profit. However, suddenly it goes into a sharp reversal, and to your dismay your winning trade rapidly turns into a loser.As the position drives further below your entry price, you keep hoping for recovery. But that hope turns into wishful thinking as prices continue to deteriorate.Finally, you're left with a feeling of desperation. It's clear that prices aren't coming back anytime soon, and you have no choice but to realise a loss.

Price chart
In this situation, the financial impact certainly stings. But it's the emotional toll that can make your next trade more complicated, as you try to recover. Just one idea that didn't work out could define how you move forward in a market. For example, you might feel tempted to rush into a new position without proper consideration, in an effort to claw back your losses as quickly as possible.

One easy way to help avoid this issue is to decide where to set your stop before opening a position, and set it up while executing the trade, so your position is never left unprotected.

With a stop-loss order in place at your pre-defined exit level, if that price is met you don't have to make a decision about to what to do. You've done your planning in advance, and your position is closed for you.

Lesson summary
Every trader needs to be prepared to suffer some losses
Always plan where you'll exit a trade if it doesn't go well
Set a stop to close the position automatically for you


Planning your exit


fxquanto
munich, Germany
Posts: 0
26 days ago
Oct 19, 2019 10:55
EURUSD will dip but the chances of a continued fall is basically dependent now on fed policy rather than EU economy.
https://quanto.live/copier-performance/cftc-on-eur-and-gbp-short-positions-remain-strong/

quanto is a automated trading system running for over 7 months..check it out and if you have MT4 terminal, you can use it free.
dox1986
Amman, Jordan
Posts: 0
3 months ago
Aug 15, 2019 20:14
Vote: Buy gold

we are at the end of an economic cycle in the US, and the rest of the world already entered a slow down for a couple of years now Despite central banks stimulation and rate cuts which only led to postponing the end of an economic cycle.

when slow down happens or we enter the deflation part of the cycle, central banks step in with rate cuts and stimulus but this time is different because no ammo left to do so, even the US 2.25 is not enough (usually it takes 4 to 5% rate cut to get the economy back on track), gold will be an investors first choice for hedging this part of the cycle
Qiman
United States
Posts: 237
3 months ago
Aug 14, 2019 16:54
Gold to $1700 before the end of the year, could even see it nearing the all time high if US stocks take a major hit this Autumn.

Gold and silver have broken out solidly and look to be a vote of no confidence in the major central banks keeping it all together despite industrial production slowing worldwide, trade wars, massive deficit problems, and increasing geopolitical chaos.

For those that want to dip their toes into the water a great way to play gold is via the December Micro Gold Futures.
Ashraf Laidi
London, UK
Posts: 0
3 months ago
Jul 22, 2019 11:44
In reply to abdaaa's post
abdaa,

Your comments make sense. But what would you say to those who say the US economy remains the strongest,etcc?
Would you care to give any forecasts on gold? price/time?

Ashraf
abdaaa
ariana, Tunisia
Posts: 0
3 months ago
Jul 19, 2019 12:45
Vote: Buy gold


There is a monetary crisis, not an economic one
People will look for anything other than a dollar lie and of course they will run into gold, stocks and bonds and bitcoin
Gold is the origin of money