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  • #201
  • Jun 16, 2013 11:28pm Jun 16, 2013 11:28pm
I have no view however looking at chart there is considerable congestion forming that will propel next move.

Say, breaking up, and taking out 1400 may be an idea to jump on, if fits with your other indicators.
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  • #202
  • Jun 17, 2013 12:06am Jun 17, 2013 12:06am
Quoting seaman2
I have no view however looking at chart there is considerable congestion forming that will propel next move. Say, breaking up, and taking out 1400 may be an idea to jump on, if fits with your other indicators. {image}
OK, I go short in order to test this 60 hr. cycle

Short from 1389, SL set at 1410, Lets see how this goes..
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  • #203
  • Jun 17, 2013 1:29am Jun 17, 2013 1:29am
Quoting Infyvenky
Tax implications from Forex profits
I tried replying to your query in private message (pm) but failed. I appears either you cannot receive pm or your setting don't allow you to do so.

No matter where you live, its advisable to form a company in Tax Heaven & operate your forex a/c under that company. You may want to Google more on this. If you require proper consultation on how to spend money safely in India, please pm me your email / chat ID.
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  • #204
  • Jun 18, 2013 12:02am Jun 18, 2013 12:02am
Quoting ClockTrader
{quote} OK, I go short in order to test this 60 hr. cycle Short from 1389, SL set at 1410, Lets see how this goes..
Gold right now at ~1382, so far, not bad. I hope the current decline which started about 24 hrs. back carries on. Fingers crossed, will watch like a hawk.
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  • #205
  • Jun 18, 2013 9:05am Jun 18, 2013 9:05am
Quoting ClockTrader
{quote} OK, I go short in order to test this 60 hr. cycle Short from 1389, SL set at 1410, Lets see how this goes..
Gold currently at ~1367, I've moved the stops right around my shorts, just in case Gold goes mad, I'll have little or nothing to lose.

Testing short from 1389 wasn't a bad idea at all.
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  • #206
  • Jun 18, 2013 11:45am Jun 18, 2013 11:45am
Quoting ClockTrader
{quote} OK, I go short in order to test this 60 hr. cycle Short from 1389, SL set at 1410, Lets see how this goes..
Locked 2/3 of these shorts at ~1363, don't see it falling below 1350 in the remainder 30 hrs. Hope I can catch the long train then.
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  • #207
  • Jun 19, 2013 2:55pm Jun 19, 2013 2:55pm
Quoting ClockTrader
{quote} OK, I go short in order to test this 60 hr. cycle Short from 1389, SL set at 1410, Lets see how this goes..
I have begun to close all my short positions, I hope it bottoms out within next 12-24 hrs.

Gold currently at 1353
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  • #208
  • Edited 8:34pm Jun 19, 2013 6:44pm | Edited 8:34pm
I am positioning for gold long today. However, I will use stops.


Your 60 hours thing worked nicely.

Looks like we have 60 hours of falls now...
  • #209
  • Jun 19, 2013 9:03pm Jun 19, 2013 9:03pm
Quoting seaman2
I am positioning for gold long today. However, I will use stops. Your 60 hours thing worked nicely. Looks like we have 60 hours of falls now...
Thanks for being around, feel too lone here, lolz. I think we are the only two active guys here in this thread.

Yea, 60 hr cycle worked gr8. But, I still lack the patience & discipline which is required to follow the technicals. As soon as the 60 hrs. cycle expired, it stopped falling. I hope it doesn't fall further. I'm going long too, for long time. This time, I'll be using SL too, I'm placing SLs in the range: 1319 - 1331

PS: I had begun closing the shorts way back at 1360ish, I still have some shorts, plan to close these around US morning ahead.
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  • #210
  • Jun 19, 2013 10:35pm Jun 19, 2013 10:35pm
I did not have much success in gold so far. Approached it recently. However, I did call some decent sized moves when testing my swing system.

My motors are usdjpy and audusd.

I like hit & run. This is you go in big size but give time stop not just price stop. Minimizes time you live in misery which I define as being in red Hitting price stop is quite unlikely so I call it now disaster stop. Best moves you get in green immediately, so those are what I want.
  • #211
  • Jun 20, 2013 12:56am Jun 20, 2013 12:56am
Buy limit at 1340, lets see.
  • #212
  • Jun 20, 2013 2:05am Jun 20, 2013 2:05am
seasonal gold chart.
Hope everybody gets idea what clocktrader says as per ancient indian technical analysis.

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  • #213
  • Jun 20, 2013 2:15am Jun 20, 2013 2:15am
great chart. How is constructed ?

My long - gold stock - finished with BE minus comm. Did not progress enough so I cul it.
  • #214
  • Jun 20, 2013 2:52am Jun 20, 2013 2:52am
Quoting maknil
seasonal gold chart. Hope everybody gets idea what clocktrader says as per ancient indian technical analysis. {image}

according to your yearly chart, this month ( june ) could be the lowest price before it going up again on july, agustus,etc . is that correct? thanks for your information
  • #215
  • Jun 20, 2013 2:55am Jun 20, 2013 2:55am
Quoting ClockTrader
{quote} Thanks for being around, feel too lone here, lolz. I think we are the only two active guys here in this thread. .
Don't feel lonely, me too keep reading your thread, but I rarely give comments This thread is good
  • #216
  • Jun 20, 2013 3:26am Jun 20, 2013 3:26am
Maybe i did my worst mistake , sold from here ! , first time ever to trade gold
  • #217
  • Jun 20, 2013 3:55am Jun 20, 2013 3:55am
Guess that the selling season is still on. So far $100 in two weeks,
When does they buying start?
  • #218
  • Jun 20, 2013 4:57am Jun 20, 2013 4:57am
I had gone long, all my long positions have been stopped, now closing all shorts. Once again, got a clean slate now.

Gold right now at: 1290

I have a feeling, going long today from US session might bring some good. Fingers crossed. Planning to go long again.
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  • #219
  • Jun 20, 2013 5:27am Jun 20, 2013 5:27am
Quoting ClockTrader
I had gone long, all my long positions have been stopped, now closing all shorts. Once again, got a clean slate now. Gold right now at: 1290 I have a feeling, going long today from US session might bring some good. Fingers crossed. Planning to go long again.

UUmmhh you keep us updated on how that goes.
For the foreseeable future, its best to stay short.
Good luck anyway!


Danny
  • #220
  • Jun 20, 2013 5:37am Jun 20, 2013 5:37am
As the chart speaks & as I see, every 4 - 6 hrs from here, clear climb should be visible. I have not placed any SLs yet, will place as I feel more secure here onwards.
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