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All Majors and Gold

  • #6,141
  • May 17, 2013 9:33am May 17, 2013 9:33am
I still have a short from 1395 ...... I dont like leaving trades running overnight as i manually trade . I might have to close it almost bed time for me
  • #6,142
  • May 17, 2013 9:54am May 17, 2013 9:54am
Quoting rythmrig
I still have a short from 1395 ...... I dont like leaving trades running overnight as i manually trade . I might have to close it almost bed time for me
Why sleep. It's the weekend. You'll have 48 after market closing to catch up sleep
Wooooohooooo or Boooooohooooo
  • #6,143
  • May 17, 2013 9:57am May 17, 2013 9:57am
G....What do you think? I Was trying to recover ....And weNt wrong Again! !! Some numbers in your mind????
  • #6,144
  • May 17, 2013 9:58am May 17, 2013 9:58am
yeah true .....im hanging in here . I am up 5500 pips so far and counting . Three short orders only small account though
  • #6,145
  • May 17, 2013 10:00am May 17, 2013 10:00am
Quoting rythmrig
yeah true .....im hanging in here . I am up 5500 pips so far and counting . Three short orders only small account though
Put sl on your running shorts.
In areas that is ok with you if it hits.
Also above resistance area so that they don't hunt it down
Wooooohooooo or Boooooohooooo
  • #6,146
  • May 17, 2013 10:03am May 17, 2013 10:03am
1360 this is the end for Friday? I think no think RED Grizly from USA
  • #6,147
  • May 17, 2013 10:08am May 17, 2013 10:08am
Yeah i have and adjust as the market moves in my favour.
  • #6,148
  • May 17, 2013 10:09am May 17, 2013 10:09am
1335 ???
  • #6,149
  • May 17, 2013 10:13am May 17, 2013 10:13am
Quoting elekboy
1335 ???
That's what my magic ball is telling me or maybe that's what I'm hoping.
Wooooohooooo or Boooooohooooo
  • #6,150
  • May 17, 2013 10:22am May 17, 2013 10:22am
Quoting gnomoneey
{quote} That's what my magic ball is telling me or maybe that's what I'm hoping.
bwahahahah.........wooooohooooooooo....
  • #6,151
  • May 17, 2013 11:32am May 17, 2013 11:32am
"Having established this close relationship between gold institutional holdings and price, one can try to assess the response of gold prices under various scenarios of institutional share holdings. If we assume that all reporting investors who sold some gold shares in Q1 eliminated all of their remaining holdings in Q2, we would arrive at price of 143.9. Similarly, if we assume that reporting investors who either sold gold or did not change gold exposure in Q1 (i.e. all investors apart from those who were buying gold shares in Q1) sold all of their holdings, we would arrive at a price of 141. It is interesting to note that the current price of gold is below the model price in both of these scenarios (this can be explained in part by increase in short interest which rose by ~13M shares since end of Q1, sales by non-reporting investors). Finally, if we assume that all institutional investors sold all of their gold shares (including investors who were buying gold in Q1), one would arrive at a model price of 119." - JP Morgan’s Kolanovic to Clients in a letter yesterday.

This is just the dumb money i.e. people like us,(non-reportables) driving the price now. Most LS etc are likely waiting on the sideline for entry.
  • #6,152
  • May 17, 2013 2:32pm May 17, 2013 2:32pm
Quoting psychotrader
G....What do you think? I Was trying to recover ....And weNt wrong Again! !! Some numbers in your mind????
sorry about your problem and being on the wrong side....sometimes when that happens you should walk away clear your head and don't chase....even I do that after and exit of a good trade and price keeps going same direction without me in it...like today I was out at 1378 by a sl...but was in at 1391....i'm ok with that ...I knew it was going to climb to that level again when it dropped to 1359 but I was not going to be in front of my computer so I stayed out...then I glanced a few times and saw it go up to 138x then down to 135x....c'est la vie as the French would say.....

this weekend
1-evaluate your errors and see where you went wrong
2-see if there was something else you could have done
3-see if those errors are correctable or not
4-lastly device a method that only you can know that you can handle and make sure your money management can handle noise(news) along with you that lost....

hope this help....

pm me if you want to communicate more privately....
Wooooohooooo or Boooooohooooo
  • #6,153
  • May 17, 2013 2:35pm May 17, 2013 2:35pm
Quoting EricB
"Having established this close relationship between gold institutional holdings and price, one can try to assess the response of gold prices under various scenarios of institutional share holdings. If we assume that all reporting investors who sold some gold shares in Q1 eliminated all of their remaining holdings in Q2, we would arrive at price of 143.9. Similarly, if we assume that reporting investors who either sold gold or did not change gold exposure in Q1 (i.e. all investors apart from those who were buying gold shares in Q1) sold all...
what are those highlighted numbers mean....thanks

G
Wooooohooooo or Boooooohooooo
  • #6,154
  • May 17, 2013 2:37pm May 17, 2013 2:37pm
breaking low in the last hour...lol
  • #6,155
  • May 17, 2013 2:45pm May 17, 2013 2:45pm
Quoting gnomoneey
{quote} what are those highlighted numbers mean....thanks G

GLD quotes - I have drawn the GLD chart over XAU/USD. If you agree that would be the floor in Q2 then the prices should be 9% higher then where they are right now. This is being caused by short interest from non-reportables in my opinion who don't have that much firing power.
  • #6,156
  • May 17, 2013 2:48pm May 17, 2013 2:48pm
Quoting elekboy
breaking low in the last hour...lol
Good ol' Fridays...
"Serenity, you sound like a frustrated Canadian living your life in the US"
  • #6,157
  • May 17, 2013 2:51pm May 17, 2013 2:51pm
Quoting SerenityFX
{quote} Good ol' Fridays...
Short at 1363. Lets see how these bears do next week. Lets get GREEN PIPS around
"It is not enough to have a good mind; the main thing is to use it well"
  • #6,158
  • May 17, 2013 2:54pm May 17, 2013 2:54pm
Quoting gnomoneey
{quote} That's what my magic ball is telling me or maybe that's what I'm hoping.
I agree with that number.
"It is not enough to have a good mind; the main thing is to use it well"
  • #6,159
  • May 17, 2013 2:55pm May 17, 2013 2:55pm
g..thanks very much for your advises.....the truth is that i been "playing" with forex for 2 month....im a psychologyst mum...and i went from 2.500 us to 10.000 us....and then ....: i discover gold jajajaja , now im just trying to recover the initial investment....i may take off of the "game" today if this continues.....but im ok with it..i learned a lot.....have fun an have stress too.....maybe is not a good to play with gold if you are a begginer....if gold could go up a litlle maybe i could safe my money but it look like it wont today....
thanks anyway...a lloked at your forum all the time....
regards...marce
  • #6,160
  • May 17, 2013 3:01pm May 17, 2013 3:01pm
let's see if 1365 will be the closing price
Wooooohooooo or Boooooohooooo
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