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  • #15,761
  • Sep 9, 2014 3:13am Sep 9, 2014 3:13am
Quoting ClockTrader
{quote} No. I would suggest, let this bottom out first.
i agree.. i have been waiting patiently
what could be the bottom out price? 1241 or 1215 or 1200 or 1185 ?
P.S. Trade with the discipline of Money Management and Risk Management.
  • #15,762
  • Sep 9, 2014 3:25am Sep 9, 2014 3:25am
Quoting farukh
{quote} i agree.. i have been waiting patiently what could be the bottom out price? 1241 or 1215 or 1200 or 1185 ?
Or you could wait for a trend reversal to take hold before jumping in, its never too late to ride a trend.

Imo this has a high probability of seeing 1240s followed by 1180, these areas are so near now, they are likely to act as price magnets.
"Where you want to be is always in control, never wishing, always trading.
  • #15,763
  • Sep 9, 2014 4:30am Sep 9, 2014 4:30am
Looking at retracements for all after yesterdays' moves. Twas another great days trading.

DAX.. Gold.. Oz..
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Money Makes Money
  • #15,764
  • Sep 9, 2014 5:06am Sep 9, 2014 5:06am
Hi

Buy trigger hit after double fib 161.8 support confirmation on M5

H4 Chart

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  • #15,765
  • Sep 9, 2014 5:10am Sep 9, 2014 5:10am
Quoting farukh
{quote} i agree.. i have been waiting patiently what could be the bottom out price? 1241 or 1215 or 1200 or 1185 ?
To be honest, I'm least interested in trading or investing at this juncture. However, if I see a reasonable peak out, I would like to hedge the 14 longs I'm holding.
Hello World!
  • #15,766
  • Sep 9, 2014 5:13am Sep 9, 2014 5:13am
Quoting ClockTrader
{quote} No. I would suggest, let this bottom out first.
Agree sir, but what factors that push gold from under 1250 to above 1400 by December as u said? I don't think it can goes up that much without reason.
  • #15,767
  • Sep 9, 2014 6:41am Sep 9, 2014 6:41am
Seems we won't have a breakout today. Momentum is weak....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #15,768
  • Sep 9, 2014 6:49am Sep 9, 2014 6:49am
Quoting Mr.Kane
{quote} Agree sir, but what factors that push gold from under 1250 to above 1400 by December as u said? I don't think it can goes up that much without reason.
Yea, on the contrary it may not fly as high as 1450 later, but somewhere between 1350 and 1450 is what I'm targeting by mid of Dec on the basis of Golden Seasons

I just closed one short which was lying @ 1309

NET: 15 longs now

Shorts 15
Longs 30

A little green was not bad.
Hello World!
  • #15,769
  • Sep 9, 2014 7:03am Sep 9, 2014 7:03am
Quoting ClockTrader
{quote} Yea, on the contrary it may not fly as high as 1450 later, but somewhere between 1350 and 1450 is what I'm targeting by mid of Dec on the basis of Golden Seasons I just closed one short which was lying @ 1309 NET: 15 longs now Shorts 15 Longs 30 A little green was not bad.
Seems like a really high target. But according to your seasons, investing in June and July actually resulted in losses. We had a top and crashed down. I guess I would only trust the seasons if it does get to your target this time round. Hope you get more greens mate
A 1 pip gain is better than a 1 pip loss.
  • #15,770
  • Sep 9, 2014 7:17am Sep 9, 2014 7:17am
Quoting heispark
Seems we won't have a breakout today. Momentum is weak....
The next 3-4 hours has been the trend of high volume on my broker... The move about to start imo.
As the lights go by so too do the shadows move
  • #15,771
  • Sep 9, 2014 7:18am Sep 9, 2014 7:18am
Quoting aeternum
{quote} Seems like a really high target. But according to your seasons, investing in June and July actually resulted in losses. We had a top and crashed down. I guess I would only trust the seasons if it does get to your target this time round. Hope you get more greens mate
First thing, seasons are not for traders, but for investors, well mentioned in my article..

Secondly, you didn't look at Golden Seasons and last 30 yrs' trends with discerning eyes, did you?

Do you know average trader's psychology? They buy when price is climbing and sell when price is falling.

Do you feel Scared when you buy and price goes down the hill? I bet you do.

I don't mean to disrespect you in anyway, but, only trying to enlighten you.
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Hello World!
  • #15,772
  • Sep 9, 2014 7:20am Sep 9, 2014 7:20am
Quoting ClockTrader
{quote} First thing, seasons are not for traders, but for investors, well mentioned in my article.. Secondly, you didn't look at Golden Seasons and last 30 yrs' trends with discerning eyes, did you? Do you know average trader's psychology? They buy when price is climbing and sell when price is falling. Do you feel Scared when you buy and price goes down the hill? I bet you do. I don't mean to disrespect you in anyway, but, only trying to enlighten you. {image} {image}
30 yr trend reference from below URL, forgot to paste this in previous post, here you go....

http://www.seasonalcharts.com/classics_gold.html
Hello World!
  • #15,773
  • Sep 9, 2014 8:25am Sep 9, 2014 8:25am
[qu sote=ClockTrader;7726399]{quote} First thing, seasons are not for traders, but for investors, well mentioned in my article.. Secondly, you didn't look at Golden Seasons and last 30 yrs' trends with discerning eyes, did you? Do you know average trader's psychology? They buy when price is climbing and sell when price is falling. Do you feel Scared when you buy and price goes down the hill? I bet you do. I don't mean to disrespect you in anyway, but, only trying to enlighten you. {image} {image}[/quote]

clock trader ... ended , sorry to say that but u are really big looser and it's clearly . Even all of your posts making no se ,u just always given excuses for your loss trades and view .why you not saying clearly that you are always wrong and having totally wrong trading strategy and try to modify it !!!!
  • #15,774
  • Sep 9, 2014 8:59am Sep 9, 2014 8:59am
Quoting gemy
clock trader ... ended , sorry to say that but u are really big looser and it's clearly . Even all of your posts making no se ,u just always given excuses for your loss trades and view .why you not saying clearly that you are always wrong and having totally wrong trading strategy and try to modify it !!!!
Lol, Gemy, touchy much?

CT created this thread and has been helping other people for ages. He has always said quite clearly the strict use of golden seasons is for Investors. In case you don't know what that means, it means low or no leverage, long investment horizons and massive or no SL. Thus You start building longs at the start of the seasons but raise shorts to cover drawdowns. Simple enough for you?

I don't do it as I don't have the patience but its not even his theory, its a well documented study.
  • #15,775
  • Sep 9, 2014 9:02am Sep 9, 2014 9:02am
Quoting The Epoch
{quote} clock trader ... ended , sorry to say that but u are really big looser and it's clearly . Even all of your posts making no se ,u just always given excuses for your loss trades and view .why you not saying clearly that you are always wrong and having totally wrong trading strategy and try to modify it !!!!
Lol, Gemy, touchy much? CT created this thread and has been helping other people for ages. He has always said quite clearly the strict use of golden seasons is for Investors. In case you don't know what that means, it means low or no leverage, long investment horizons and massive or no SL. Thus You start building longs at the start of the seasons but raise shorts to cover drawdowns. Simple enough for you? I don't do it as I don't have the patience but its not even his theory, its a well documented study.[/quote]

wow thats good for you ... just keep learning and getting help from him .. im not having time for such useless replies , just i said what i see and every one do whatever he want .
  • #15,776
  • Sep 9, 2014 9:34am Sep 9, 2014 9:34am
Quoting ClockTrader
{quote} Yea, on the contrary it may not fly as high as 1450 later, but somewhere between 1350 and 1450 is what I'm targeting by mid of Dec on the basis of Golden Seasons I just closed one short which was lying @ 1309 NET: 15 longs now Shorts 15 Longs 30 A little green was not bad.

I was new on Gold, but I also made the plan for 1410 as well...and yes, I also study back for 3-4 year., this period should be a downside and from december till january , I notice that an upside...

I am just agree on what I see.....

But hope that 1254 zone is right for me..haha
Learning and Learing
  • #15,777
  • Sep 9, 2014 9:54am Sep 9, 2014 9:54am
golden season ended in 2012,........... 2013, onwards season does not correlates , big investment banks & central banks such as ECB, &BOJ & also other gold cartel in middle east control the gold prices to avoid fall of the dollar & US Treasuries . High risk of investment on gold trade but need hedge with dollar index.

Gold prices will be under scrutinized by banks until 2015 Jan - Feb....during the review US debt Celling.
But then things can change in near term if Russia & Iran forgo the dollar for import & export in gas & oil using their own currency.
China stops buying US treasuries & buys another 3000 to 5000 tonnes of gold to back the Yuan/Remmebi.
India reduces Import Taxes for Gold items from overseas.

Untill then it will range between 1450 to 1250 . This is only my personal opinion.
  • #15,778
  • Sep 9, 2014 9:56am Sep 9, 2014 9:56am
Quoting gemy
[qu sote=ClockTrader;7726399]{quote} First thing, seasons are not for traders, but for investors, well mentioned in my article.. Secondly, you didn't look at Golden Seasons and last 30 yrs' trends with discerning eyes, did you? Do you know average trader's psychology? They buy when price is climbing and sell when price is falling. Do you feel Scared when you buy and price goes down the hill? I bet you do. I don't mean to disrespect you in anyway, but, only trying to enlighten you. {image} {image}clock trader ... ended , sorry to say that but u are really big looser and it's clearly . Even all of your posts making no se ,u just always given excuses for your loss trades and view .why you not saying clearly that you are always wrong and having totally wrong trading strategy and try to modify it !!!!
good manners don't hurt Gemy. don't be so full of exclamations, calm down a little bit. you can say exactly the same without offending other people
Mind is like a parachute - it is useful only if open
  • #15,779
  • Sep 9, 2014 10:20am Sep 9, 2014 10:20am
Quoting ClockTrader
{quote} 30 yr trend reference from below URL, forgot to paste this in previous post, here you go.... http://www.seasonalcharts.com/classics_gold.html
Hi CT,

The weekly chart shows us that the last quarter of 2011, 2012 and 2013 were bearish for gold.
It also shows that volatility has been decreasing and that this year we've been ranging in a simmetrical triangle.

I would much appreciate your opinion on this matter, thanks
  • #15,780
  • Sep 9, 2014 11:05am Sep 9, 2014 11:05am
Quoting gemy
[qu sote=ClockTrader;7726399]{quote} First thing, seasons are not for traders, but for investors, well mentioned in my article.. Secondly, you didn't look at Golden Seasons and last 30 yrs' trends with discerning eyes, did you? Do you know average trader's psychology? They buy when price is climbing and sell when price is falling. Do you feel Scared when you buy and price goes down the hill? I bet you do. I don't mean to disrespect you in anyway, but, only trying to enlighten you. {image} {image}
clock trader ... ended , sorry to say that but u are really big looser and it's clearly . Even all of your posts making no se ,u just always given excuses for your loss trades and view .why you not saying clearly that you are always wrong and having totally wrong trading strategy and try to modify it !!!![/quote]

My floating loss right now is not more than the profit made earlier this season, still break-even. Anything you have to share with people here?
Hello World!
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