I meant 'its movements', not 'it's movements'. It'd be good to have an edit and delete facility on here.

did you go long or go short ??

Originally posted by leebut

Gold makes higher highs in a very strong uptend. I'm sure many of you are making big bucks trading the trend.

I've been trading it too, made 1,000 PIPs and then lost them all still going long! Amazing!

It has been my debut on gold (XAU/USD), so I suppose much of my problem has been getting to grips with it's movements. My first two trades were prommising, but what started off prommising has killed itself. Two days of profits wiped out in 1 hour!. Why is it easier to lose money than to make it in FOREX?

Lost all by going long on gold.......... how is it possible.... Very bad luck. Coz its upward trend is really very strong and very rare to loose if you r not scalping.

While the trend is upwards, some people will suffer losses due to one thing... Money Management.

If your account cant withstand a correction, you really need time your entry well. I know alot of people who saw the breach of 1900 as a good thing, however our FXH#3 trader saw it the opposite, he saw it as the last gasp before a correction.

ALL is not lost if you are long, as it seems like we might have reached the bottom of the correction, and the run to 2000 is on the cards, our FXHelpers #3 trader has provided a chart to support this statement, hope this helps.

Same as all pair,,,,we know price need correction to make going up.......

but we never know how far correction is..it could be bounce on yellow line (might be trendline).....or it could continue crossing.

any one see the todays move of gold and all major stocks? gold is going in rocket move to up.

may be i think it has now time to come back to make some low in this month are next month