Only Gold! | Page 12 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

An idea for building wealth...using only gold 9 replies

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #221
  • Jun 20, 2013 9:18am Jun 20, 2013 9:18am
that was massive for gold!
  • #222
  • Jun 20, 2013 9:58am Jun 20, 2013 9:58am
Quoting namitak007
that was massive for gold!
Please check the first post of this thread. We do not encourage selling here. You might want to fix your signature.
Hello World!
  • #223
  • Jun 20, 2013 10:35am Jun 20, 2013 10:35am
Quoting ClockTrader
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. {image}
Took long positions around & above 1390, SLs placed 1360 - 1370, hope some luck ahead! Free falls suck!
Hello World!
  • #224
  • Jun 20, 2013 10:51am Jun 20, 2013 10:51am
Quoting ClockTrader
{quote} Please check the first post of this thread. We do not encourage selling here. You might want to fix your signature.

What selling? Do you see any offer page? Any link? It's my profession and that's what I do as part time. I never asked anyone personally to buy service from me. So I will not change my signature! Thanks!
  • #225
  • Jun 20, 2013 7:49pm Jun 20, 2013 7:49pm
media widespread harassment of gold bugs:

http://www.bloomberg.com/news/2013-0...gold-bug-.html

we are close to bottom here. maybe another 50 or 100 but no more.
  • #226
  • Jun 20, 2013 8:44pm Jun 20, 2013 8:44pm
Quoting ClockTrader
{quote} Took long positions around & above 1390, SLs placed 1360 - 1370, hope some luck ahead! Free falls suck!
Just woke up to see half of my long positions got hit :-(
Having real bad time.
Hello World!
  • #227
  • Jun 20, 2013 8:52pm Jun 20, 2013 8:52pm
Quoting seaman2
media widespread harassment of gold bugs: http://www.bloomberg.com/news/2013-0...gold-bug-.html we are close to bottom here. maybe another 50 or 100 but no more.
We are mad about Gold. Its real estate & Gold we trust in after the Gods & rituals, may sound primitive, but that's how it is. Despite the Gold fall in the last few weeks, prices in India are still very high, the reason: currency, Indian Rupee fell badly too hence keeping the Gold price still very high. Gold never falls in India, it keeps rising, only moderate falls for a day or two & that's it.
Hello World!
  • #228
  • Jun 21, 2013 5:31am Jun 21, 2013 5:31am
Quoting Kissa
Buy limit at 1340, lets see.
Ha Ha that did not work out too good.
  • #229
  • Edited 12:21pm Jun 21, 2013 12:11pm | Edited 12:21pm
The fall was very intense & painful too. But, since I learnt immensely, I hope I'll be able to live happily with it. As stated earlier I am long from 1290ish range. SLs are in the range of 1251 - 1271

I was somehow content with Gold until the bottom seemed at 1285, but apparently, that was not enough, it had to fall further. I did further study & realized there is exit pressure too, which I was ignoring. I was overly desperate as usual to go long too.

If 1268 is indeed the bottom forever, the pressure picture would be for real & a good lesson for me.

I hope the Gold-Fall season is over & my long positions sustain for good long times to come.
Attached Image
Hello World!
  • #230
  • Jun 21, 2013 1:06pm Jun 21, 2013 1:06pm
  •  Fme
  • | Joined Jun 2013 | Status: Trading Binary Options | 6 Posts
Gold dropped drastically because of the US fed announcements by Ben Bernanke that they will tapper QE thus strengthening the Dollar.
This causing the GOld to fall.

Base on technical analysis it seems like it will not go any further, its time for it to rebound.
But base on fundamental, the dollar may continue to strengthen and if that happens, gold will continue to weaken.

So clock trader, all fingers crossed for you.
Hopefully it wont go too low and shake you out of your SL. =)

All the best!
Binary Options Vs Forex .....
  • #231
  • Jun 21, 2013 1:11pm Jun 21, 2013 1:11pm
  •  Fme
  • | Joined Jun 2013 | Status: Trading Binary Options | 6 Posts
Reading your other posts, i just want to advice, dont try to catch a falling knife.

Wait for it to hit the floor and rebound, then try to take it.

No need to take it at the extreme, forcing yourself to predict the lowest or highest will just open yourself to risks.

With every swing, there is enough buffer to profit from.

Its the same with winning, if you come in thinking you want to win every single trade, you wont go far.
Its all about overall profits.

Same with trades, if you think you can predict the lowest and highest each time, you will get cut real bad from falling knife.

Let the market prove and show you how it wants to move, then go in and take a nice cut and get out.
No need to be greedy. There is always enough buffer to profit! =)

Just an advice to everyone.

Good day to you.
Neil.
Binary Options Vs Forex .....
  • #232
  • Jun 21, 2013 7:57pm Jun 21, 2013 7:57pm
the market is just bearish at the moment.

it might get pullback a bit which can be seen around 1307 up to 1345 and it will perhaps go down as much as 1224 or even go further down 1+++.
Plus US Fed is strengthening their dollar now. This fundamentally gonna push gold down.
Gold is my pleasure.
  • #233
  • Jun 21, 2013 8:38pm Jun 21, 2013 8:38pm
Wise words Neil.... I would wait to see how it reacts to this zone on the monthly
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdpromonthly.png Size: 28 KB
Shapeshift greed and catch em' off guard
  • #234
  • Jun 21, 2013 10:57pm Jun 21, 2013 10:57pm
Quoting Fme
Gold dropped drastically because of the US fed announcements by Ben Bernanke that they will tapper QE thus strengthening the Dollar. This causing the GOld to fall. Base on technical analysis it seems like it will not go any further, its time for it to rebound. But base on fundamental, the dollar may continue to strengthen and if that happens, gold will continue to weaken. So clock trader, all fingers crossed for you. Hopefully it wont go too low and shake you out of your SL. =) All the best!
Thanks for all the inputs & advise Neil. I hail from India & people here are crazy about Gold, nobody gets crazier than us when it comes to buying Gold. We consume 1/3 of world's total Gold production (physical). Having said that, I have intense penchant for going long. There is no doubt I went wrong to some extent. Selling from the top & making 100% precise calls made me over confident & I tried to modify the schools which are as old as 5K years. I got desperate as usual to buy Gold. I hope I improve in future.

Like most people here follow news, I follow ancient Indian technicals which include lunar cycles, seasons & some Astro stuff. My ASTRO-FOREX-GOLD-INTERPRETATION is as below:

The gold fell like an Apple off the cliff because near SUPER MOON got afflicted with highly exalted SAT-RAHU in Libra. Over-flooded rivers all over the world went in wrong directions & so did the Gold. Moon plays with the water on earth & is responsible for tides in the ocean, it affects Gold waves in Forex in the similar fashion. Keep in touch here, I promise to prove it scientifically with evidence.
Hello World!
  • #235
  • Jun 21, 2013 11:54pm Jun 21, 2013 11:54pm
Quoting seaman2
media widespread harassment of gold bugs: http://www.bloomberg.com/news/2013-0...gold-bug-.html we are close to bottom here. maybe another 50 or 100 but no more.
Do you have any additional chart analysis or are you simply relying on Bloomberg. Not saying that is bad as it is not but asking whether you have done personal analysis.

What everyone wants to know is how far will GOLD drop and when will it turn bullish?
Master your Mind then Master your Trades
  • #236
  • Jun 22, 2013 12:09am Jun 22, 2013 12:09am
Quoting ClockTrader
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. {image}
Looking over your chart it is looking like an ideal time to go LONG GOLD ..... but I'd be waiting for the right signal to confirm an upward trend.

I guess you have called it as you see it.

My opinion would have been to wait.... so all the best of luck to you.
Master your Mind then Master your Trades
  • #237
  • Jun 22, 2013 2:50am Jun 22, 2013 2:50am
  •  Fme
  • | Joined Jun 2013 | Status: Trading Binary Options | 6 Posts
Quoting ClockTrader
{quote} Thanks for all the inputs & advise Neil. I hail from India & people here are crazy about Gold, nobody gets crazier than us when it comes to buying Gold. We consume 1/3 of world's total Gold production (physical). Having said that, I have intense penchant for going long. There is no doubt I went wrong to some extent. Selling from the top & making 100% precise calls made me over confident & I tried to modify the schools which are as old as 5K years. I got desperate as usual to buy Gold. I hope I improve in future. Like most people here follow...
Haha, yes ClockTrader, i know india is the biggest consumer of physical yellow gold.
But i must admit i dont know anything about what you have just explained. haha
So we shall see..

Just FYI, i am always open to learn new knowledge if it makes sense and it can be proven.
And i just want to say, if you can explain more of a logical link between all this and Gold, i will be more incline to agree.
But if its just base on "coincidence" although they are align but there is no logical sense, then i dont buy it unfortunately.
But that is my opinion and you have every right to believe what you want. And if it works for you then that is fantastic. =)

Neil
Binary Options Vs Forex .....
  • #238
  • Jun 22, 2013 3:10am Jun 22, 2013 3:10am
hi every one in my opinion if gold closed above 1321 then there will be chance for buy now i think it will bears to 1241 then after to 1200
  • #239
  • Jun 22, 2013 6:53am Jun 22, 2013 6:53am
Quoting Fme
{quote} Haha, yes ClockTrader, i know india is the biggest consumer of physical yellow gold. But i must admit i dont know anything about what you have just explained. haha So we shall see.. Just FYI, i am always open to learn new knowledge if it makes sense and it can be proven. And i just want to say, if you can explain more of a logical link between all this and Gold, i will be more incline to agree. But if its just base on "coincidence" although they are align but there is no logical sense, then i dont buy it unfortunately. But that is my opinion...
My primary point is that Moon which is responsible for tides in Ocean is also one of the few factors how Gold waves on the charts. I know how absurd it may sound to any Indian or American, but I've been researching this area for over 7 years now.

Gold has not made me rich yet, but, I'm working hard on it. How many co-incidents do you think could take place in an year? I strictly follow lunar cycles + few other factors. I never ever follow news for taking positions. If there were a seasoned trader whose 6 calls went right out of total 10, he would be considered a good trader, right? I am looking at making at least 8 calls right out of total 10 in near future, that can't be out of sheer co-incidence, its precise Physics for me. We all know what I'm talking. As soon as I follow my technicals with strict discipline, I'll share screenshots of neat positions I accumulate over the time & perhaps that would be convincing.
Hello World!
  • #240
  • Edited 7:57am Jun 22, 2013 7:46am | Edited 7:57am
  •  Fme
  • | Joined Jun 2013 | Status: Trading Binary Options | 6 Posts
Quoting ClockTrader
{quote} My primary point is that Moon which is responsible for tides in Ocean is also one of the few factors how Gold waves on the charts. I know how absurd it may sound to any Indian or American, but I've been researching this area for over 7 years now. Gold has not made me rich yet, but, I'm working hard on it. How many co-incidents do you think could take place in an year? I strictly follow lunar cycles + few other factors. I never ever follow news for taking positions. If there were a seasoned trader whose 6 calls went right out of total 10,...
Yup, sounds good to me. =)
All the best!
And will wait for your results.

Dont get me wrong, im not trying to wish you lose, just trying to have a logical conversation.
If it works for you thats good, and also waiting for you to share your results.

THe other thing i want to touch on is statistics.
And it would be best to tell in a real story.

I had a friend who made 97 winning trades in a row, and his AM (account manager) went to tell the manager on the trading floor about him, and he was all excited. The manager then replied "come back to me when he made his 1000th trade."

Reason? If you are looking at small numbers, statistics may not tell anything.
Just like roulette, i may be making money randomly over 4 hours with 100-200 bets.
But if we go into months and months of betting, with 1000s of bets, you may not be in profits.

So the point is, for it to be proven statistically even without logical prove, it needs to be over a large data.

So i really wish you the best and hope u make profits and come back here to show the printscreens!
I would loved to be proven wrong and blow my mind from something i dont understand. =)
But im hoping you will share your stats with at least a few hundred trades using this lunar cycle method.
Since you said you were a seasoned trader, you should have a few years of statistic doing this by now.

Cheers.
Neil.


Neil
Binary Options Vs Forex .....
10 traders viewing now