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  • #321
  • Jun 28, 2013 7:49pm Jun 28, 2013 7:49pm
Quoting salman14
{quote} Touched the level after a long while. I bought Gold at different areas like 1200,12011,1214,1216 etc . in micros now i have lots of open positions. Looking for 1236. where i 'll check the price action . next important levels may be 1247 and 1261 A successful valid cross = Bulls are alive and weakness in the current short term bull trend on these levels = i 'll close some entries .
I remember you stating here when you went long with one micro lot position. Now when Gold has climbed well, you turn up with a batch of long positions. I'm very sure you are honest about your positions. But, you know what, we all would appreciate & respect you more if you state your positions as soon as you take instead of waiting for them to get in profits.
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  • #322
  • Jun 29, 2013 9:45am Jun 29, 2013 9:45am
Quoting ClockTrader
{quote} I remember you stating here when you went long with one micro lot position. Now when Gold has climbed well, you turn up with a batch of long positions. I'm very sure you are honest about your positions. But, you know what, we all would appreciate & respect you more if you state your positions as soon as you take instead of waiting for them to get in profits.
well i was trying to insert the snapshot at the right time but there was an error. here we go for the snapshot.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 18 KB
  • #323
  • Jun 29, 2013 10:03pm Jun 29, 2013 10:03pm
Quoting salman14
{quote} well i was trying to insert the snapshot at the right time but there was an error. here we go for the snapshot. {image}
Like I said, I'm very sure about your positions. I'm not so bad at psychology. Even posting screenshot of positions after they are in profits leave a different impression. Hope you got my point & message.

Anyways, 0.01 would be 1/10 of ounce in other words about .28 grams of Gold. Am I right? Pardon my lack of knowledge. I buy Gold on the basis of its weight (focus on Indian units). Makes lots of sense to me.
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  • #324
  • Jun 30, 2013 5:40pm Jun 30, 2013 5:40pm
Below 1233 am going to close some micros , the above mentioned 1236 acting as a resistance.
  • #325
  • Jun 30, 2013 6:27pm Jun 30, 2013 6:27pm
I placed a buy order for gold at 1200.00 targeting 1330.00 speculating a pull-back for the yellow metal. For long term I maintain my bearish view targeting 1090.00.
ClockTrader you can read my analysis on my blog under "commodities" tab if you are interested to understand better why I took this decision.
Buy when everyone else is selling and sell when everyone else is buying !
  • #326
  • Jun 30, 2013 10:06pm Jun 30, 2013 10:06pm
Quoting arenoosh
I placed a buy order for gold at 1200.00 targeting 1330.00 speculating a pull-back for the yellow metal. For long term I maintain my bearish view targeting 1090.00. ClockTrader you can read my analysis on my blog under "commodities" tab if you are interested to understand better why I took this decision.
How about a possible small fall around this weekend? or maybe early next week if it keeps up with bullish nature? I said small because I'm biased towards long.
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  • #327
  • Jun 30, 2013 11:37pm Jun 30, 2013 11:37pm
Bullish Deep Crab

Quoting iqyu5an
i talked to close friend who working in gold mining not from reading bro i believe he will not inform everything...and i could be wrong of course technically..in harmonic there is bullish butterfly at the moment.. but if the bear penetration is still strong .. maybe it's good to wait for crab also... well time for scalling in ? {quote}
not euphoria follower
  • #328
  • Jul 1, 2013 12:32am Jul 1, 2013 12:32am
sell gold. 1183 beckons
See chart attached
Happy trading!
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd.png Size: 45 KB
  • #329
  • Jul 1, 2013 12:37am Jul 1, 2013 12:37am
Quoting ClockTrader
{quote} Anyways, 0.01 would be 1/10 of ounce in other words about .28 grams of Gold. Am I right? Pardon my lack of knowledge. I buy Gold on the basis of its weight (focus on Indian units). Makes lots of sense to me.
Depends on your leverage. If you are using 1/100 than 0.01 lots are 1 ounce. 1/10 of ounce would be 3.1 grams of Gold.
  • #330
  • Jul 1, 2013 1:04am Jul 1, 2013 1:04am
Quoting jabubo
{quote} Depends on your leverage. If you are using 1/100 than 0.01 lots are 1 ounce. 1/10 of ounce would be 3.1 grams of Gold.
Long way back when I used MT from Alpari (RU), 1 lot there was 10 ounces. I didn't know a shit about Gold trading then. I still remember how badly I abused MM. I used to love & play heavily with Euro/USD pair. Gold at that time was like getting into dark cave. Heck #45^7*&^%4%

Technically speaking, 1 lot should imply 10 ounces. One position = one ounce in some platforms. Anyways, as long as each of us take care of MM, it should be fine. I'm little relieved to see that Gold is not falling anymore, I don't have to wake up to see a clean slate.
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  • #331
  • Jul 1, 2013 1:09am Jul 1, 2013 1:09am
Quoting pipcenturion
sell gold. 1183 beckons See chart attached Happy trading! {image}
What's your SL mate? I wish you make some money.
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  • #332
  • Jul 1, 2013 1:24am Jul 1, 2013 1:24am
Quoting ClockTrader
{quote} What's your SL mate? I wish you make some money.
In so far as price stays below 1256.70 I am fine. The level(1256.70) was support on weekly time frame which price broke through.
  • #333
  • Jul 1, 2013 1:31am Jul 1, 2013 1:31am
My entry price is quite efficient judging by the volume weighting of price.
I'm very certain of making money on this trade.
Enjoy your day.
  • #334
  • Jul 1, 2013 2:40am Jul 1, 2013 2:40am
Quoting pipcenturion
{quote} In so far as price stays below 1256.70 I am fine. The level(1256.70) was support on weekly time frame which price broke through.
Whats your TP?
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  • #335
  • Jul 1, 2013 4:00am Jul 1, 2013 4:00am
Quoting ClockTrader
{quote} Whats your TP?
1191 and then 1183.23 (remember to place allowance for 1pip plus spread)
  • #336
  • Jul 1, 2013 5:53am Jul 1, 2013 5:53am
Quoting pipcenturion
{quote} 1191 and then 1183.23 (remember to place allowance for 1pip plus spread)
OK, lets watch your trade now & I hope you make some money, because if you do so, I'll get a chance to go long again. I mean more longs.
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  • #337
  • Jul 1, 2013 6:54am Jul 1, 2013 6:54am
Quoting ClockTrader
{quote} OK, lets watch your trade now & I hope you make some money, because if you do so, I'll get a chance to go long again. I mean more longs.
Gold made a top at 1247 today, right now at 1236, going downwards, the ones who think the downward slide will continue until 12:00 pm EST, please raise your hand.
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  • #338
  • Jul 1, 2013 7:02am Jul 1, 2013 7:02am
Quoting ClockTrader
{quote} Gold made a top at 1247 today, right now at 1236, going downwards, the ones who think the downward slide will continue until 12:00 pm EST, please raise your hand.
I still dont know where gold is going as of today

maybe up?
  • #339
  • Jul 1, 2013 7:40am Jul 1, 2013 7:40am
on 5 minutes chart. testing the low of the day. daily open holding potentially bounce up further. test long with tight stop move to BE as soon reach 20 pip
Attached Image (click to enlarge)
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  • #340
  • Jul 1, 2013 7:42am Jul 1, 2013 7:42am
While the temperament appears to be upward for another day or two, however, the attached image would explain that I think there are supposed to be shitloads of SLs lying around 1220, hence, it would be very ideal for it to fall to this level (maybe next news) & shoot back to continue bullish wave.

Alternative scenario would be, it keeps sideways or upward.

Feel free to share your news-free views.

PS: Although I love watching news, but, my views in general got nothing to do with news. I regard news as triggers only.
Attached Image (click to enlarge)
Click to Enlarge Name: loads-of-sls.jpg Size: 40 KB
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