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Only Gold!

  • #21
  • May 7, 2013 11:43pm May 7, 2013 11:43pm
Quoting TrevorM
{quote} I think I understand what you mean, I am from Canada, and we have a expresion for buying stocks, (Buy when it snows, sell when it goes), which actually works out well. Anyways, I have 3 futures contracts short from 1453.9 right now, stop loss of 1,460, and a TP of yesterdays low of 1440.4
Glad to learn how you guys take expressions. Some of our festivals are as old as 5,000 YO, tried & well tested with Gold, while some are 2K YO. Some of our religious festivals are actually meant to encourage us to buy Gold & heck, it works like a charm if done right way.

I thoroughly observe what I think are daily turning points i.e. when US goes to sleep, when US wakes up & some Euro timings in the middle. For me, its more like following seasons, calendar & the clock.
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  • #22
  • May 8, 2013 2:19am May 8, 2013 2:19am
Quoting Gumrai
{quote} It's not totally clear to me what you are saying. If I understand correctly, you knew that your open positions were losing and that if they lost more, you would get a margin call. Knowing that you barely had enough in your account to cover the margin requirements of your open trades, you tried to add a new position. Your broker did not allow you to open the new trade because you did not have enough free margin. Why would you expect the deal to go through if you did not have enough free margin? What are you complaining about?
What I want to know is why the dealer close my limit order by himself and exactly on the time it could be profitable if there was no enough account the automated system shouldn't allow me to open this or close it automatically not by dealer.
  • #23
  • May 8, 2013 7:39am May 8, 2013 7:39am
Woooooh, I never saw this coming, Gold has spiked to 1470 levels. I thought after a little upward it'll fall down. My calculus would go damn wrong if it spikes beyond 1490 & stays up there.
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  • #24
  • May 8, 2013 8:15am May 8, 2013 8:15am
Quoting ClockTrader
Woooooh, I never saw this coming, Gold has spiked to 1470 levels. I thought after a little upward it'll fall down. My calculus would go damn wrong if it spikes beyond 1490 & stays up there.
U used calculus to assist your trade?!?!
  • #25
  • May 8, 2013 9:00am May 8, 2013 9:00am
Quoting guitarz
{quote} U used calculus to assist your trade?!?!
YES, Next week is a buying opportunity as per religious festival "Akshay Tritiya" (you can Google this ez). Given that scenario, 6 - 8 times out of 10, Gold is supposed to be found hitting rock bottoms around this date. Therefore, I was expecting this to fall like stone off the cliff all this week, which has apparently not happened so far with exception to a small fall.

I'm still expecting the Gold to fall badly from the current highs. At the same time, I expect to see buying OP around or before Full Moon (also Buddha Purnima). I am a little frightened as I take short positions here.

If my SLs get hit (1480 - 1500), I'll wait until full moon to see if Gold has fallen badly to go long.
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  • #26
  • May 8, 2013 9:11am May 8, 2013 9:11am
Quoting ClockTrader
{quote} YES, Next week is a buying opportunity as per religious festival "Akshay Tritiya" (you can Google this ez). Given that scenario, 6 - 8 times out of 10, Gold is supposed to be found hitting rock bottoms around this date. Therefore, I was expecting this to fall like stone off the cliff all this week, which has apparently not happened so far with exception to a small fall. I'm still expecting the Gold to fall badly from the current highs. At the same time, I expect to see buying OP around or before Full Moon (also Buddha Purnima)....


You must be kidding - even a tick moment is not possible with those events . grow up
finding A M S
  • #27
  • May 8, 2013 9:23am May 8, 2013 9:23am
Quoting prashant7
{quote} You must be kidding - even a tick moment is not possible with those events . grow up
4-5 signals every year using the festivals would mean 5 - 10 entry & exit points every year. I'm not sure where ticks fit in there.

Read the whole thread my dear, its not too long. I have stated, my strategy is to go long term long in May-June-July & close these long positions in Nov & Jan. Apparently, I'm trying hard to grab that op & trying to play reverse before I take long term long positions.
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  • #28
  • May 8, 2013 9:31am May 8, 2013 9:31am
Quoting ClockTrader
{quote} 4-5 signals every year using the festivals would mean 5 - 10 entry & exit points every year. I'm not sure where ticks fit in there. Read the whole thread my dear, its not too long. I have stated, my strategy is to go long term long in May-June-July & close these long positions in Nov & Jan. Apparently, I'm trying hard to grab that op & trying to play reverse before I take long term long positions.


Anyways - i don't know how can one buy and hold gold as of now - its looking to make another low below 1300$ and technically last month fall was the biggest in history for gold - but according to me this indian events like akshay tadige and marriage seasons and even huge buying from domestic people doesn't make any difference in the gold price - movements possible only from news like india can start buying crude with gold reserves or india wants to buy some millions of gold from IMF - like that - good trades to you mate and trade safe
finding A M S
  • #29
  • May 8, 2013 9:42am May 8, 2013 9:42am
Quoting prashant7
{quote} Anyways - i don't know how can one buy and hold gold as of now - its looking to make another low below 1300$ and technically last month fall was the biggest in history for gold - but according to me this indian events like akshay tadige and marriage seasons and even huge buying from domestic people doesn't make any difference in the gold price - movements possible only from news like india can start buying crude with gold reserves or india wants to buy some millions of gold from IMF - like that - good trades to you mate and trade safe ...
I agree about the fall to some extent with you. I think it should bottom out somewhere near 1340 - 1360 or around 1280 & that should happen within next 2-4 weeks or so.

As far as news is concerned, its good to learn & know more, but, when it comes to taking a direction, I rely 100% on lunar cycles & Indian festivals, that's my school!
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  • #30
  • May 8, 2013 12:58pm May 8, 2013 12:58pm
whats Gold next Target is i think 1497 is last stop After This Gold Target is 1349
  • #31
  • May 8, 2013 10:46pm May 8, 2013 10:46pm
Quoting Bali09
whats Gold next Target is i think 1497 is last stop After This Gold Target is 1349
If this happens, most of my short SLs will get hit. Going forward, I do plan to go long for long term from 1360 - 1380
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  • #32
  • May 10, 2013 12:44am May 10, 2013 12:44am
Quoting ClockTrader
{quote} If this happens, most of my short SLs will get hit. Going forward, I do plan to go long for long term from 1360 - 1380
So far, so good!
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  • #33
  • May 10, 2013 4:21am May 10, 2013 4:21am
This is a good and uncommon thread I have found here and yes, like most of the people, I also feel that trading (and keeping) Gold is not a bad idea at all. But for now, I would like to know why the price of Gold is falling!
  • #34
  • May 10, 2013 4:24am May 10, 2013 4:24am
Quoting Red Herring
This is a good and uncommon thread I have found here and yes, like most of the people, I also feel that trading (and keeping) Gold is not a bad idea at all. But for now, I would like to know why the price of Gold is falling!
USD strong.. Gold drop.. that it for now.. "_"

check it out

http://www.marketwatch.com/investing/index/dxy
  • #35
  • May 10, 2013 4:27am May 10, 2013 4:27am
Quoting 60minuteman
TOP DOWN GOLD {image}
I just want to know dealers has right to close limits by themselves why they dont let automated system do this because secends can change deals
  • #36
  • May 10, 2013 4:33am May 10, 2013 4:33am
Hello everyone.i have many of u looking for the target 1400 and 1380 or below
This time the market will return to its level trading of above 1500 which u can see till next week
U will not be able to see the figures of 1300 till 1380 this year again
The market is trading sideways and could return sharply .
  • #37
  • May 10, 2013 4:52am May 10, 2013 4:52am
Quoting Red Herring
This is a good and uncommon thread I have found here and yes, like most of the people, I also feel that trading (and keeping) Gold is not a bad idea at all. But for now, I would like to know why the price of Gold is falling!
If Gold falls further for another 50 - 100 $s, it would fit perfectly in my strategy. Someone advised I must post charts here & I was confused how to show Indian festivals in a Gold chart.

I rely on ancients festivals & lunar cycles for my Gold trades. Finally, I have developed an idea to put the whole strategy into charts, I'll do that within 24 - 48 hrs.

Cheers!
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  • #38
  • May 10, 2013 4:55am May 10, 2013 4:55am
Quoting don dubai
Hello everyone.i have many of u looking for the target 1400 and 1380 or below This time the market will return to its level trading of above 1500 which u can see till next week U will not be able to see the figures of 1300 till 1380 this year again The market is trading sideways and could return sharply .
Well, the way I see, the Gold is going to keep low & lower for another 7 - 10 days from today. This also means, everyone got an OP to buy Gold next week starting Akshay Tritiya possibly up to Buddha Purnima.

Buy for long term folks, don't buy with SL set to 10 $s
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  • #39
  • May 10, 2013 5:06am May 10, 2013 5:06am
Please find below a snapshot of a calendar, extract from: http://www.lunarium.co.uk/calendar/universal.jsp

I have tried to highlight the buy dates in yellow, I repeat, these are for long term.

From 13th of May until 21st, I expect there should be a nice buy opportunity.

Hope good ahead.
Attached Image (click to enlarge)
Click to Enlarge Name: buy-range.PNG Size: 94 KB
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  • #40
  • May 10, 2013 5:37am May 10, 2013 5:37am
Subscribed ! Will be carefully watching your predictions.

on the side... why ancient festivals to promote gold ? Who is/was ultimate beneficiary ?
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