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XAU/USD Spot Gold

  • #501
  • Aug 8, 2011 12:06pm Aug 8, 2011 12:06pm
Quoting USD-Bear
Why, you think it will run up forever?
On what exactly we disagree?

1425....ouch? No pain yet, from that level every sign of weakness is acted on, mostly leading to BE's sometimes catching some profits, sometimes catching some losses

At least I'm stating my thoughts before-hand.....

You misunderstand me......

I am bullish gold long term on fundamentals but I have no particular targets in mind. As I said in message 467 : "Appreciate that gold is overbought on most indicators, but I don't see any turns in the shorter charts yet....."

I'm glad you haven't lost any money...

Peace



beeb
  • #502
  • Aug 8, 2011 12:07pm Aug 8, 2011 12:07pm
Quoting PayTheLimit
I might consider opening a silver thread up, but I want to gauge the level of interest, if there is any, otherwise I'll just be talking to myself, and I already do that in the euro trash thread.....bastards...

count me in

beeb
  • #503
  • Aug 8, 2011 12:08pm Aug 8, 2011 12:08pm
gold's moved much higher than $100 before in a day. back in 2008... its already moved $44.00 already today...

1750 is next... retrace, then 1800, another retrace, then 1850... yada yada...

if we hit 2000, 3000 is definitely on the cards...

I've been in gold for years now around the 380.00$ level. been scaling in ever since.
  • #504
  • Aug 8, 2011 12:11pm Aug 8, 2011 12:11pm
LOL go for it

I'm loving silver right now, i got a TP for 150$
jumped into that one since 8.47$ per troy.

Quoting PayTheLimit
I might consider opening a silver thread up, but I want to gauge the level of interest, if there is any, otherwise I'll just be talking to myself, and I already do that in the euro trash thread.....bastards...
  • #505
  • Aug 8, 2011 12:18pm Aug 8, 2011 12:18pm
Quoting PayTheLimit
I might consider opening a silver thread up, but I want to gauge the level of interest, if there is any, otherwise I'll just be talking to myself, and I already do that in the euro trash thread.....bastards...

yeah ,you are a familiar face on that eu thread....cant say i enjoy being there myself tbh....too many silly traders.

i dont trade silver so i have no interest, sorry cant support you there.


beeb

after a long time i have lost 30 pips on gold in a day. kind of very upset....although my original long is still intact, losing money like this is not good. iam just gonna trade long positions now, and forget about chasing the supposed fall that is to come....
  • #506
  • Aug 8, 2011 12:24pm Aug 8, 2011 12:24pm
Quoting whatfx
yeah ,you are a familiar face on that eu thread....cant say i enjoy being there myself tbh....too many silly traders.

i dont trade silver so i have no interest, sorry cant support you there.


beeb

after a long time i have lost 30 pips on gold in a day. kind of very upset....although my original long is still intact, losing money like this is not good. iam just gonna trade long positions now, and forget about chasing the supposed fall that is to come....

i'm sorry you lost money - rather than trade long or short why not just trade the chart.......

to reiterate i am bullish gold long term on fundamentals - but if the charts say short it i will do so....at the moment to my eyes the daily and 240min are both bullish but overbought, whereas i have been both long and short the 20 min today

beeb
  • #507
  • Aug 8, 2011 12:39pm Aug 8, 2011 12:39pm
Quoting PayTheLimit
I might consider opening a silver thread up, but I want to gauge the level of interest, if there is any, otherwise I'll just be talking to myself, and I already do that in the euro trash thread.....bastards...
difficult to create an active thread (I tried).
Although I've got a view on Silver (I have a view on almost everything ) I concentrate on what's coming up in gold that with a few fx pairs, Oil and S&P is already more than I can handle and being not much of a talker my contribution would be worthless.

Mind you I need You, Sisse and Infinitus (where the hell is he?) on the EUR/USD thread so don't diversify too much you hear.......
Don't be a hero. Don't have an ego. Always question yourself
  • #508
  • Aug 8, 2011 12:41pm Aug 8, 2011 12:41pm
Quoting beeb
i'm sorry you lost money - rather than trade long or short why not just trade the chart.......

to reiterate i am bullish gold long term on fundamentals - but if the charts say short it i will do so....at the moment to my eyes the daily and 240min are both bullish but overbought, whereas i have been both long and short the 20 min today

beeb

hi

i have stayed out of shorting for quite some time . i only shorted to trade the gap today. i have had 95% success rate with gap trading, so this large loss came as a shock. i think the markets are really haphazard at the moment. very unpredictable.

although i didnt make an overall loss as such, due to my original long position still open, its still 30 pips thrown away.

my main worry at the moment is that the stocks i am trading are pretty much in the red. fallen very badly in the last few days. so i need to decide on what to do with those. have had them open for a few months now. the recent fall has eaten into about 30% of the profit. so, iam not very happy. thats about 2 months worth of profit dissappearing within 4 days !

i may close a couple of them and possibly cover the rest. iam hoping the stocks recover, however it appears we are in the midst of another world crisis which could result in another recession. so need to be careful and maybe decide on closing the positions until markets settle.

iam still short on the usd/jpy. doing pretty well there. thats around + 120 pips since last week.


iam still contemplating on doing a 'gold - live trades' thread. whereby you just enter the trades you take for the day, so that everyone can see. little or no discussion....

are you guys in on this ??
  • #509
  • Aug 8, 2011 1:19pm Aug 8, 2011 1:19pm
Quoting whatfx
hi

i have stayed out of shorting for quite some time . i only shorted to trade the gap today. i have had 95% success rate with gap trading, so this large loss came as a shock. i think the markets are really haphazard at the moment. very unpredictable.

although i didnt make an overall loss as such, due to my original long position still open, its still 30 pips thrown away.

my main worry at the moment is that the stocks i am trading are pretty much in the red. fallen very badly in the last few days. so i need to decide on what to do with those....

Unfortunately the lessons that Mr Market offers can be expensive ones

From my pov - I have no interest in a live trades thread - either as contributor or reader...

beeb
  • #510
  • Aug 8, 2011 1:29pm Aug 8, 2011 1:29pm
Attached Image (click to enlarge)
Click to Enlarge Name: sp500.JPG Size: 86 KB

http://gannmasterforex.blogspot.com/
  • #511
  • Aug 8, 2011 2:41pm Aug 8, 2011 2:41pm
Quoting matei
Attachment
http://gannmasterforex.blogspot.com/

?
  • #512
  • Aug 8, 2011 3:52pm Aug 8, 2011 3:52pm
well there goes the gap trade....

it appears to be way out of reach now...
  • #513
  • Aug 8, 2011 8:46pm Aug 8, 2011 8:46pm
Short term bubble is about to reach capacity.... too many people on the same train. I wouldn't be surprised to see profit taking to ~$1,500-1,550 before a retest.
  • #514
  • Aug 8, 2011 9:30pm Aug 8, 2011 9:30pm
GOLD HAS GONE CRAZY AND SCARY
MMMYYYKKK
  • #515
  • Aug 8, 2011 9:44pm Aug 8, 2011 9:44pm
Looking at a chart gold appears to be in a serious bubble. However, gold does stuff you don't normally see with other commodities. Wait for settling news and that could be the pin prick that blows it up.
  • #516
  • Aug 8, 2011 10:39pm Aug 8, 2011 10:39pm
The crazy gold hit the psychological resistance of 1750 ... what will be the next? 2000?
  • #517
  • Aug 8, 2011 10:51pm Aug 8, 2011 10:51pm
its the same pattern as may top, we should see some selling the next two days and prices near 1625 the next week.
  • #518
  • Aug 8, 2011 10:57pm Aug 8, 2011 10:57pm
Quoting Theo
its the same pattern as may top, we should see some selling the next two days and prices near 1625 the next week.
Concern about the US economic discourage selling, but I also believe that there should be a downfall within a week or two. Though, nothing is predictable about this crazy gold.
  • #519
  • Aug 8, 2011 10:59pm Aug 8, 2011 10:59pm
Gold bulls: keep buying please at these prices! We need you
  • #520
  • Aug 8, 2011 11:14pm Aug 8, 2011 11:14pm
Aug 11 in my count should be a top and Aug 16 the top of all tops, we should see bloodbath on gold after that date. its bubble, its an obvious bubble.

attached a picture from the bottom of gold and 2x1 angle.

for how long??
Attached Image (click to enlarge)
Click to Enlarge Name: Gold angles.jpg Size: 70 KB
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