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Only Gold!

  • #361
  • Jul 3, 2013 4:37am Jul 3, 2013 4:37am
Two many news about USD in 2 and half hours? Better stay away from XAUUSD right now?
  • #362
  • Jul 3, 2013 4:46am Jul 3, 2013 4:46am
at 13.15 uk time gold will make move most probably up.1260 easy if it goes up.I am long stoploss1238.
  • #363
  • Jul 3, 2013 5:13am Jul 3, 2013 5:13am
Quoting goldfinger
at 13.15 uk time gold will make move most probably up.1260 easy if it goes up.I am long stoploss1238.
What is the probability in% that would go up and not down? Can you somehow explain exactly? Is it just your hunch?
  • #364
  • Jul 3, 2013 5:20am Jul 3, 2013 5:20am
Quoting ClockTrader
Usually I like to go long in Apr, May & June and close these positions in Nov & Jan.

This is more of a very fundamental method followed all over India. Its based on Indian festivals. This technical is more like ancient science for me. Good Luck to ya all!
But now India government has limited importing and trading gold because Gold is useless to the economy

Secondly, Gold usually down after April ...
Give me patience
  • #365
  • Jul 3, 2013 5:28am Jul 3, 2013 5:28am
Quoting rajdel
{quote} What is the probability in% that would go up and not down? Can you somehow explain exactly? Is it just your hunch?
unemployment claim, trade balance may tell us that qe should stay for longer. If numbers show US is doing too well then gold will fall like stone.
  • #366
  • Jul 3, 2013 5:29am Jul 3, 2013 5:29am
My tech system is long.
  • #367
  • Jul 3, 2013 6:44am Jul 3, 2013 6:44am
gold is looking ok so far
  • #368
  • Jul 3, 2013 6:58am Jul 3, 2013 6:58am
Quoting Bullfx
{quote} But now India government has limited importing and trading gold because Gold is useless to the economy Secondly, Gold usually down after April ...
I'm not sure where you are from, but, I repeat this fact in this thread here again: "Indians broke all previous record buying physical Gold this summer season." Govt doesn't want people to madly buy Gold because our Forex reserve go diving down due to Gold purchase from foreign nations. Secondly, I wonder what has Govt got to do with my or any Indian's ancient technicals? They only want people to stop buying Physical Gold. We (Indians) still consume about 1/3 of World's total Gold production.

I just removed the two shorts I had. Now got 2 more longs. Total 11 longs now. I re-request people here to give calls on the basis of logical theory or a chart.
Hello World!
  • #369
  • Jul 3, 2013 8:07am Jul 3, 2013 8:07am
Just added two more longs @ 1251, SL @ 1231

Total 13 longs now.
Hello World!
  • #370
  • Jul 3, 2013 10:03am Jul 3, 2013 10:03am
Quoting ClockTrader
Just added two more longs @ 1251, SL @ 1231 Total 13 longs now.
Added another long @ 1257, SL @ 1231

Total 14 longs now, been lifting the SLs of bottom positions to minimize possible loss.
Hello World!
  • #371
  • Jul 3, 2013 10:20am Jul 3, 2013 10:20am
@ClockTrader

Are all these longs without TL? Also, What is the next upper resistance according to your analysis?
  • #372
  • Jul 3, 2013 10:53am Jul 3, 2013 10:53am
Quoting plus1pip
@ClockTrader Are all these longs without TL? Also, What is the next upper resistance according to your analysis?
Pardon my FX glossary, what would TL mean? I'm thinking of hedging like half of these longs beginning early next week, irrespective of where pricing is.

All these positions do have SL. A while back took a long @ 1257 & another at 1251, both SL @ 1231. Total 16 longs now.

I'm currently following Golden-Seasons (proven) as explained with chart on page 15 of this thread.
Hello World!
  • #373
  • Jul 3, 2013 10:56am Jul 3, 2013 10:56am
you do know that tomorrow is a US holiday and that friday is NFP - both of which can lead to large spikes....... it might be wise to do some hedging before next week
  • #374
  • Jul 3, 2013 11:01am Jul 3, 2013 11:01am
Quoting cg uno
you do know that tomorrow is a US holiday and that friday is NFP - both of which can lead to large spikes....... it might be wise to do some hedging before next week
Thanks for the insight mate. I think I will stick to my current strategy for now.
Hello World!
  • #375
  • Jul 3, 2013 11:43am Jul 3, 2013 11:43am
Quoting cg uno
you do know that tomorrow is a US holiday and that friday is NFP - both of which can lead to large spikes....... it might be wise to do some hedging before next week
which way is it likely to spike? if they want to stop QE market will fall and dollar will go up
  • #376
  • Jul 3, 2013 11:48am Jul 3, 2013 11:48am
Quoting ClockTrader
{quote} Pardon my FX glossary, what would TL mean? I'm thinking of hedging like half of these longs beginning early next week, irrespective of where pricing is. All these positions do have SL. A while back took a long @ 1257 & another at 1251, both SL @ 1231. Total 16 longs now. I'm currently following Golden-Seasons (proven) as explained with chart on page 15 of this thread.

I was trying to write TP. Sorry for the typo.

Thanks for the insights. I'm new here and will follow up on your previous posts including the golden season strategy.
  • #377
  • Jul 3, 2013 11:53am Jul 3, 2013 11:53am
1260 strong resistance
  • #378
  • Jul 3, 2013 12:07pm Jul 3, 2013 12:07pm
Time to hit bed, took a few more around 1250, total 19 now.

moved SLs of old positions upward to reduce risk.
Hello World!
  • #379
  • Jul 3, 2013 8:04pm Jul 3, 2013 8:04pm
I hate the paranoia when I wake up. Relieved to see no damage. I acted quite crazy last night.
Hello World!
  • #380
  • Jul 3, 2013 8:21pm Jul 3, 2013 8:21pm
Quoting ClockTrader
I hate the paranoia when I wake up. Relieved to see no damage. I acted quite crazy last night.
just a thought...

as you plan to load for long term, why not switch to weekly chart or weekly observation. Base your stops on weekly average price range. For example buy and put stop 1 average weekly range (10 bars for example) below, which is now around 70 $.

When I play swing position expected to last 1 month, I only check markets 2x a day. No more. Else get into details and lose focus and screw it all.
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