Only Gold! | Page 1272 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

An idea for building wealth...using only gold 9 replies

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #25,421
  • May 6, 2015 11:37am May 6, 2015 11:37am
Quoting ClockTrader
{quote} What's your view or would be if it falls through 1186? Right now, I'm trading the big picture i.e. The other side of Seasons.. and my opinion is bearish..
I am looking towards retest of 1186, if it breaks, the support should be 1181 +/- region. But short term wise, bullish view. Gold is too cheap for investors. It will a few US news to spike Gold.
The only winner is the one who survive the longest...
  • #25,422
  • Edited 6:17pm May 6, 2015 11:39am | Edited 6:17pm
Quoting ClockTrader
{quote} Thanks for the link.. Many years back US saw ~1100 coming, they've been emptying their Gold vaults since then.. not only US sold and emptied it's vaults, it also sold Germany's (apart from other nations) Gold too . The west always has and will always rule the world, with that said, US will always have upper hand in world's economic affairs. No doubt China is a Giant, a super-power in many ways, but, it's control over the world will remain minuscule when compared with USA (and Europe). Russia aligning with China...
I feel China will be one of the next world powers along side the US IMHO. THEY will decide when gold is important again. Less than 10 years.
Just my opinion.
  • #25,423
  • May 6, 2015 1:43pm May 6, 2015 1:43pm
How is it possible for gold to be in the red today, ADP numbers big miss, USD down 1%, DOW down 200, gold RED????????????
From 100 to 94, still gold hasn't moved an inch???????

If this is a reflection of things to come, gold will be $900 when a crash like 2009 happens.

Still shorting every pop like a religion for this reason.
  • #25,424
  • May 6, 2015 2:43pm May 6, 2015 2:43pm
Quoting qebubble
gold will be $900 when a crash like 2009 happens. Still shorting every pop like a religion for this reason.
Yeah, there going to be a Crash nobody see before, 2009 will look like walk in the park, Gold will Skyrocket.

It's the only thing worth buying, everything else is bubbled paper junk.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #25,425
  • May 6, 2015 3:54pm May 6, 2015 3:54pm
http://www.resourceinvestor.com/2015...old-hub?page=1
  • #25,426
  • May 6, 2015 9:20pm May 6, 2015 9:20pm
Quoting kinspk
{quote} I am looking towards retest of 1186, if it breaks, the support should be 1181 +/- region. But short term wise, bullish view. Gold is too cheap for investors. It will a few US news to spike Gold.
@ 1186, let's see if PA can find support here.. Resistance has hardened around 1195-1200 range..

NY session shall be decisive.. I'll continue to side with the Bears..
Hello World!
  • #25,427
  • May 6, 2015 10:06pm May 6, 2015 10:06pm
Quoting srt
{quote} I feel China will be one of the next world powers along side the US IMHO. THEY will decide when gold is important again. Less than 10 years. Just my opinion.
China is already a super-power in many respects.. Defense, GDP, economy, Forex reserves.. however, when it comes to leadership i.e. leading the world, China has a long way to go.. it's a too long distance for China to cover.

World politics ain't easy..

There are 195+ countries to handle and I see China nowhere close even in distant future.

3rd World War could be fought with economic policies and sanctions, IF weapons are used anytime soon, Obama shall be remembered as a President in whose regime peace disappeared.

It's alright for us to have different views, that's what diversity and nature is all about. IF we were all same, all waves would be identical too :-)
Hello World!
  • #25,428
  • May 6, 2015 10:07pm May 6, 2015 10:07pm
Quoting SkyzerFX
{quote} Man wait few years and you will change you view It's not wise decision to Sell all GOLD and sit in Debt on pile of Paper.. I see in few years there will be no BIDS for GOLD in USD, cause it will eventually become worthless. Yes, your super power King jerk is broken and Naked, but not every one able to see this just yet.
> your super power King jerk is broken and Naked, but not every one able to see this just yet.

----> As soon as Obama is gone, US will stand back up on it's feet within 2-5 yrs.. My only nightmare is that he can push the world into 3rd WW.
Hello World!
  • #25,429
  • May 7, 2015 1:01am May 7, 2015 1:01am
1270 soon enough
  • #25,430
  • May 7, 2015 1:06am May 7, 2015 1:06am
Quoting ClockTrader
{quote} > your super power King jerk is broken and Naked, but not every one able to see this just yet. ----> As soon as Obama is gone, US will stand back up on it's feet within 2-5 yrs.. My only nightmare is that he can push the world into 3rd WW.

Ya and next is H C even worse .......
  • #25,431
  • May 7, 2015 1:20am May 7, 2015 1:20am
Quoting iaveight
1270 soon enough
you mean 1170??
  • #25,432
  • May 7, 2015 1:24am May 7, 2015 1:24am
Quoting babaz7
{quote} you mean 1170??
No..... as stated, I am contrarian based on fibs supply demand, is gold any lower than 3 years ago, not really, to me longer term accumulation phase , if the lows solidly break I was incorrect ...

Gold is not something that can be printed like the US dollar, paper gold has caused this not the actual metal itself. North Americans are a breed of their own when it comes to Gold, when gold is low do they invest , no they buy jewellery, when Gold is high thats when North Americans put money into Gold only to be burned ..... Buy low Sell high........
  • #25,433
  • May 7, 2015 1:42am May 7, 2015 1:42am
Quoting iaveight
{quote} No..... as stated, I am contrarian based on fibs supply demand, is gold any lower than 3 years ago, not really, to me longer term accumulation phase , if the lows solidly break I was incorrect ... Gold is not something that can be printed like the US dollar, paper gold has caused this not the actual metal itself. North Americans are a breed of their own when it comes to Gold, when gold is low do they invest , no they buy jewellery, when Gold is high thats when North Americans put money into Gold only to be burned ..... Buy low Sell high........
So, based on your supply/demand, should one buy @ current levels? i.e. around 1185?

and 1270 being TP, what should be the SL? I understand you trading large TFs.
Hello World!
  • #25,434
  • May 7, 2015 1:51am May 7, 2015 1:51am
Quoting ClockTrader
{quote} So, based on your supply/demand, should one buy @ current levels? i.e. around 1185? and 1270 being TP, what should be the SL? I understand you trading large TFs.
I remember in 2014 June July everyone was saying buy, I said sell I think you remember clock, how many said to me no It may go lower but probably not.....

based on my monthly fib from the tops its hit my take profit level of the 161 extension at the latest lows on the monthly chart. All I can do is go by what I see presently which is its not making lower lows, its the same value as 3 years ago before the upside correction.

I may be wrong and i still trade the lower time frames and trade what i see but longer term, there is a lot more room to move up then down. The lower it goes the more mines close, the more mines close demand becomes greater..... I have been hearing under 1000 now for over 8 months and it cant even touch the lows on the monthly....... What would that tell anyone on a 1 hr chart.

As far as stop loss, daily chart - 1170 - 1156 is my daily Continuation long and its been touched once last week to the pip and moved up, this zone must break to get it to the lows of daily demand which is at 1153... but until 1130 breaks and holds on the weekly I am bullish
  • #25,435
  • May 7, 2015 1:56am May 7, 2015 1:56am
On a side note, I think I should share this anecdote here.. this experience left a bitter taste in my mouth, but, also made me stronger and smarter..

I've been back-studying Cable.. did about 20 case studies.. found 10/10 win rate, I was like on top of cloud-9 and needless to say it was worth testing.. (of course real)

As soon as I test it, the trade goes bad, SL hit.. all legit.. no slip scams or any such thing..

that's pretty bad start.. things like this happen with me all the time.. BUT, lately, it's always been getting better and better and I'm still awaiting a wrong move I'd take.. still awaiting.. nevertheless this small test failed.

Now I go back.. do few more case-studies..
Until 20 I got 10/10 win rate.. but, then.. 21 - fail, 22nd fail.. lolz..

Such is life..

I'm tweaking the strategy.. improving R/R, things will get better anyway.. only hard work and matter of time and I'll be there.. I'm quite hopeful..
Hello World!
  • #25,436
  • May 7, 2015 2:00am May 7, 2015 2:00am
Quoting ClockTrader
On a side note, I think I should share this anecdote here.. this experience left a bitter taste in my mouth, but, also made me stronger and smarter.. I've been back-studying Cable.. did about 20 case studies.. found 10/10 win rate, I was like on top of cloud-9 and needless to say it was worth testing.. (of course real) As soon as I test it, the trade goes bad, SL hit.. all legit.. no slip scams or any such thing.. that's pretty bad start.. things like this happen with me all the time.. BUT, lately, it's always been getting better and better and...

I had 5 longs in on Cable my first trade entered at 1.46 which gave me over 2000 pips last week based on add ons and my Eur Usd long when everyone was saying parity........
  • #25,437
  • May 7, 2015 2:00am May 7, 2015 2:00am
Quoting iaveight
{quote} I remember in 2014 June July everyone was saying buy, I said sell I think you remember clock, how many said to me no It may go lower but probably not..... based on my monthly fib from the tops its hit my take profit level of the 161 extension at the latest lows on the monthly chart. All I can do is go by what I see presently which is its not making lower lows, its the same value as 3 years ago before the upside correction. I may be wrong and i still trade the lower time frames and trade what i see but longer term, there is a lot more room...
I had a bad experience in 2013 June.. when I bought falling knife several times..

Well, you maybe right mate.. bottom maybe around.. but, I would like to stay in my shorts.. too hot here in India :-)
Hello World!
  • #25,438
  • May 7, 2015 2:03am May 7, 2015 2:03am
Quoting ClockTrader
{quote} I had a bad experience in 2013 June.. when I bought falling knife several times.. Well, you maybe right mate.. bottom maybe around.. but, I would like to stay in my shorts.. too hot here in India :-)

LOL and I agree on the smaller time frames, but as soon as everyone is bear based its when the market moves the other way, its not fluke they make you give up all hope then bang...... I posted this level its at now on the Eur Usd
  • #25,439
  • May 7, 2015 2:09am May 7, 2015 2:09am
Quoting iaveight
{quote} LOL and I agree on the smaller time frames, but as soon as everyone is bear based its when the market moves the other way, its not fluke they make you give up all hope then bang...... I posted this level its at now on the Eur Usd
btw, I just hedged my shorts..

Reason: Nice VVSA + London start..

I'm gonna place sell stops before NY wee hrs..
Hello World!
  • #25,440
  • May 7, 2015 2:11am May 7, 2015 2:11am
Quoting iaveight
{quote} LOL and I agree on the smaller time frames, but as soon as everyone is bear based its when the market moves the other way, its not fluke they make you give up all hope then bang...... I posted this level its at now on the Eur Usd
I used to think I could make fortune using Golden Seasons.. Buy in June and sell in Jan.. it all crashed..

Need is the mother of all inventions.. I've been working hard.. discovered some kool stuff.. who cares what strategy, it's about money at the end of day..
Hello World!
11 traders viewing now