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Only Gold!

  • #41
  • Edited 8:30am May 10, 2013 7:41am | Edited 8:30am
Quoting seaman2
Subscribed ! Will be carefully watching your predictions. on the side... why ancient festivals to promote gold ? Who is/was ultimate beneficiary ?
Technically, its based on Lunar cycles / some planets in other words astrology. I love maths & science & astrology is precisely science for me. I can't explain much unless you & other peers here have similar levels of knowledge in this area.

I'll be posting few Gold charts in near future with technicals based on ancient Indian philosophy, Yoga is based on ancient Indian science too.
Hello World!
  • #42
  • May 10, 2013 8:11am May 10, 2013 8:11am
Confluence of Fib levels around $1,300 area. Anyone else expecting us to visit there soon?
  • #43
  • May 10, 2013 8:16am May 10, 2013 8:16am
Hi, I just started to trade Gold. The volatility is great.

Which news should one be careful of when trading Gold?
Thanks.
  • #44
  • May 10, 2013 8:33am May 10, 2013 8:33am
Quoting Init Twinnit
Confluence of Fib levels around $1,300 area. Anyone else expecting us to visit there soon?
1380 should be easy to achieve, on the contrary, I rely more on festival / lunar dates instead of levels / numbers to buy / sell.
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  • #45
  • May 10, 2013 8:35am May 10, 2013 8:35am
Quoting IWBFMa
Hi, I just started to trade Gold. The volatility is great. Which news should one be careful of when trading Gold? Thanks.
Its Gold Vs US$, therefore, if you want to follow news, any US news at below URL should help you:

http://www.forexfactory.com/

Cheers!

Check my signature too :-)
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  • #46
  • May 11, 2013 8:42am May 11, 2013 8:42am
Quoting ClockTrader
{quote} 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!
That would be grate but I do not know what you mean by ancients festivals & lunar cycles for your gold trade! Would like to know how these are related....
  • #47
  • May 11, 2013 8:51am May 11, 2013 8:51am
Quoting Red Herring
{quote} That would be grate but I do not know what you mean by ancients festivals & lunar cycles for your gold trade! Would like to know how these are related....
that is easy.
gold is used for weddings & all stuff associated with it.
weddings timed probably around festivals.
all live beeings feel ups and downs in sex desire linked to moon cycles.
therefore gold should folow straight or convoluted lunar cycles.

proof of impact on stock markets can be seen in lunar cycles impact. Strategies exist using lunar cycles.

hard part is to map combination of lunar cycle & festival to gold price reversals.
  • #48
  • May 11, 2013 8:59am May 11, 2013 8:59am
Quoting Red Herring
{quote} That would be grate but I do not know what you mean by ancients festivals & lunar cycles for your gold trade! Would like to know how these are related....
Almost every single ancient festival of India is based on Lunar cycles, for eg, certain festivals would fall few days before new moon while some fall on full moon & so on. Moon takes about 29.x days to complete one cycle around Earth (new moon to new moon). After doing intense research in the past 6 years, by correlating these cycles with Forex waves, I am 100% sure these waves can be predicted, however, apparently, I have not mastered this art yet.

I will keep you all posted and put my strategy in pictorial form in a day or two.
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  • #49
  • May 11, 2013 9:01am May 11, 2013 9:01am
Quoting seaman2
{quote} that is easy. gold is used for weddings & all stuff associated with it. weddings timed probably around festivals. all live beeings feel ups and downs in sex desire linked to moon cycles. therefore gold should folow straight or convoluted lunar cycles. proof of impact on stock markets can be seen in lunar cycles impact. Strategies exist using lunar cycles. hard part is to map combination of lunar cycle & festival to gold price reversals.
You are telling the superficial side of the story my mate. You are half right though. I advise you to deeply study every single festival & all lunar events with discerning eyes, its not that hard, you sound like from India & apparently, I presume you know the basics.
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  • #50
  • May 11, 2013 9:13am May 11, 2013 9:13am
Quoting ClockTrader
{quote} You are telling the superficial side of the story my mate. You are half right though. I advise you to deeply study every single festival & all lunar events with discerning eyes, its not that hard, you sound like from India & apparently, I presume you know the basics.
I am not from india, but trying to understand indian culture. I know indian culture is copied by europeans, americans, etc which complicates the picture. Have my views, that served me well as a trader. However, I am now looking first time into gold and it's fundamentals and will try and learn about festivals.

First thing I am trying to understand WHY ? Why is gold important at all ? There is no logical reason, except customs & festivals. Who is the ultimate winner from interest in gold ? Who promotes gold as wedding essential ?

Hope that this thread will be constructive and beneficial to participants from fundamental & trading side.
  • #51
  • May 11, 2013 9:14am May 11, 2013 9:14am
see this news! Fed maps exit from stimulus
http://online.wsj.com/article/SB1000...abs%3Dcomments

gold plummet on Monday open?
make some money, have some fun, leave some footprints
  • #52
  • May 11, 2013 9:19am May 11, 2013 9:19am
correct link
http://online.wsj.com/article/SB1000...abs%3Dcomments
make some money, have some fun, leave some footprints
  • #53
  • May 11, 2013 9:20am May 11, 2013 9:20am
Quoting boostrade
see this news! Fed maps exit from stimulus http://online.wsj.com/article/SB1000...abs%3Dcomments gold plummet on Monday open?
Friday closing USD retrace before shoot up !! LoL
  • #54
  • May 11, 2013 9:23am May 11, 2013 9:23am
Quoting seaman2
{quote} I am not from india, but trying to understand indian culture. I know indian culture is copied by europeans, americans, etc which complicates the picture. Have my views, that served me well as a trader. However, I am now looking first time into gold and it's fundamentals and will try and learn about festivals. First thing I am trying to understand WHY ? Why is gold important at all ? There is no logical reason, except customs & festivals. Who is the ultimate winner from interest in gold ? Who promotes gold as wedding essential ? Hope that...
> Why is gold important at all ? There is no logical reason, except customs & festivals.

--> It has Astro side which I do not wish to discuss in detail. I'm afraid I'll be made fun of. Moreover, it has religious & sensitive side.

> Who is the ultimate winner from interest in gold ?

--> As per our beliefs & culture, more Gold we save, more prosperous & rich we are supposed to become.

> Who promotes gold as wedding essential ?

--> Our (Indian) Culture
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  • #55
  • May 11, 2013 9:26am May 11, 2013 9:26am
Quoting boostrade
see this news! Fed maps exit from stimulus http://online.wsj.com/article/SB1000...abs%3Dcomments gold plummet on Monday open?
I only wish & pray that it falls like an Apple. Only the grandest falls in Apr - May & June can justify & prove what I've been saying. At the same time I hope it bottoms out by this month end or within 2 weeks. Hopefully, clear bottom should be visible by mid of next month.
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  • #56
  • May 11, 2013 10:10am May 11, 2013 10:10am
Bearish momentum is still in motion with the US economy hitting new record highs I doubt it that gold would be a good buy for now... We might even see GOLD below 1000$ within this year period. Hopefully gold become so cheap that when another global economic collapsed happen it will be a good investment for all of us.
"I made money every time you place your Stop loss too close to ME"
  • #57
  • May 11, 2013 10:26am May 11, 2013 10:26am
Quoting Masterm1nd
Bearish momentum is still in motion with the US economy hitting new record highs I doubt it that gold would be a good buy for now... We might even see GOLD below 1000$ within this year period. Hopefully gold become so cheap that when another global economic collapsed happen it will be a good investment for all of us.
> Bearish momentum is still in motion with the US economy hitting new record highs I doubt it that gold would be a good buy for now

----> USA's 76% of Forex reserves lie in Gold. Additionally, US $ as intl. currency is backed by its Gold reserves. Technically, it does sound like XAU vs US$ but we should never ever weigh Gold going down or up due to health of US economy. US $ won't be intl. currency if its gold went out for peanuts.


> We might even see GOLD below 1000$ within this year period

----> Mining cost of Gold is about $1200 per ounce, anything below that would be momentary. If it stays there for long term, Jewelers & Miners as well as everyone will stop following Forex rates for Gold.
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  • #58
  • May 11, 2013 11:03pm May 11, 2013 11:03pm
Quoting ClockTrader
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. {image}
hi, Clock... this is very interesting and i will test it.
whatever your view on gold i still appreciate it.
thank you for sharing knowledge and good luck.

Regards,
andan.
  • #59
  • May 11, 2013 11:44pm May 11, 2013 11:44pm
Hi, rather than being just a fundamental trader it is better you keep you shoes in the safe area by looking into both technical and fundamental views. Currently gold is not behaving as it used to in previous years
Greatness Is Only Achieved By Working Hard... Depends How Bad You Want It!!
  • #60
  • May 12, 2013 1:08am May 12, 2013 1:08am
Quoting ClockTrader
{quote} I only wish & pray that it falls like an Apple. Only the grandest falls in Apr - May & June can justify & prove what I've been saying. At the same time I hope it bottoms out by this month end or within 2 weeks. Hopefully, clear bottom should be visible by mid of next month.
You method is interesting however I follow TA. As per TA also, I should agree with its bottom coming soon, probably within this week or next week. Infact I consider the low which was at 1321.00 handle will be the last low & the fall which will happen this week & next week will not breach that low. However sellers will push the price to 1345-1325 handle before there will be some bullish develoment in this instument. The key price handle is 1345-1325, if price breach this level then I will sit aside for further development of PA to understand what is happening. All said, I can be completely wrong in my analysis so if anyone have different of opinion, kindly follow your own plan.

Cheers !
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