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Only Gold!

  • #381
  • Jul 3, 2013 8:26pm Jul 3, 2013 8:26pm
Im short on xag 19.700 / xau 1254
  • #382
  • Jul 3, 2013 8:35pm Jul 3, 2013 8:35pm
Quoting seaman2
{quote} 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.
You are abs. right about losing focus when we observe the charts a lot. I can't play weekly unless my bottom positions around 1200 survive another 8 weeks. These have hardly survived 10 days so far.

Secondly, I need to hedge too where I think the top is, my equity MUST dip when it comes down, I want to offset those losses by adding more longs now. There maybe no more upside at this point, therefore, I've been moving SLs way above oldest longs to reduce risk.

PS: I didn't pump loads into my equity, though I'm prepared no matter how low it goes. I got to play hard to maximize ROI. If all goes well, I think I will be able share all the numbers in Jan-2014 with you in private.
Hello World!
  • #383
  • Jul 3, 2013 11:15pm Jul 3, 2013 11:15pm
closed all long gold positions at 1255
  • #384
  • Jul 3, 2013 11:24pm Jul 3, 2013 11:24pm
no more QE means blood bath for gold so I am short from1253 stop 1262
  • #385
  • Jul 3, 2013 11:42pm Jul 3, 2013 11:42pm
Quoting goldfinger
no more QE means blood bath for gold so I am short from1253 stop 1262
how do you know no more QE ?
  • #386
  • Jul 4, 2013 9:06pm Jul 4, 2013 9:06pm
Added a couple of longs @ 1244, SL @1228, took these for testing something.

Total 21 longs now, it can go down & I'd live with the loss, gives 1 more chance to buy more. However, I can't let this go up without taking my load.
Hello World!
  • #387
  • Jul 5, 2013 2:51am Jul 5, 2013 2:51am
not posting the scalps as its not practical. The total no. of longs may fluctuate up to 20%
Hello World!
  • #388
  • Jul 5, 2013 4:09am Jul 5, 2013 4:09am
Placed a short order at 1234.1
  • #389
  • Jul 5, 2013 4:20am Jul 5, 2013 4:20am
hi guys the most critical point for gold is 1233 if it past down there then back to 1200 if not then1265
  • #390
  • Jul 5, 2013 4:58am Jul 5, 2013 4:58am
Quoting salman14
Placed a short order at 1234.1
Whats your SL? If it goes below 1328, it'll begin hitting my SLs

Quoting kashu999
hi guys the most critical point for gold is 1233 if it past down there then back to 1200 if not then1265
I think, if it goes below 1221, that's very dirty & grave news for Gold investors like me. I'm hoping on the data to bring some relief, if its bad for Gold, boooommmm

edit: if its bad for Gold, boooommmm
Hello World!
  • #391
  • Jul 5, 2013 5:29am Jul 5, 2013 5:29am
Quoting ClockTrader
{quote} Whats your SL? If it goes below 1328, it'll begin hitting my SLs {quote} I think, if it goes below 1221, that's very dirty & grave news for Gold investors like me. I'm hoping on the data to bring some relief, if its bad for Gold, boooommmm edit: if its bad for Gold, boooommmm
I hope nfp has some good news for you
  • #392
  • Jul 5, 2013 6:08am Jul 5, 2013 6:08am
Quoting vash021
{quote} I hope nfp has some good news for you
Wouldn't Non-Farm Employment be different from Non-Farm Payroll? or what is it?
Hello World!
  • #393
  • Jul 5, 2013 6:27am Jul 5, 2013 6:27am
Quoting ClockTrader
{quote} Wouldn't Non-Farm Employment be different from Non-Farm Payroll? or what is it?
I think its the same other blogs are saying that NFP is today
  • #394
  • Jul 5, 2013 6:39am Jul 5, 2013 6:39am
GOOD all I think the price of gold can go to 1285 or 1290 and then goes up the values ​​from these reverses hopefully be la that go further.
Hugs to all
  • #395
  • Jul 5, 2013 6:47am Jul 5, 2013 6:47am
Gold is on uptrend now??
  • #396
  • Jul 5, 2013 6:48am Jul 5, 2013 6:48am
Quoting takytto
GOOD all I think the price of gold can go to 1285 or 1290 and then goes up the values ​​from these reverses hopefully be la that go further. Hugs to all
but for that to happen he has to go there in 1250 but I hope to rise as an up arrow
http://prntscr.com/1do7or
  • #397
  • Jul 5, 2013 6:55am Jul 5, 2013 6:55am
Quoting takytto
{quote} but for that to happen he has to go there in 1250 but I hope to rise as an up arrow http://prntscr.com/1do7or
Interesting chart, I hope your view comes true. Next few hrs are crucial, fingers crossed.
Hello World!
  • #398
  • Jul 5, 2013 6:59am Jul 5, 2013 6:59am
Quoting ClockTrader
{quote} Interesting chart, I hope your view comes true. Next few hrs are crucial, fingers crossed.
if it falls to 2 suport as in this graph then tamos bad it comes down. if not then we come to see a shoulder head shoulder inverted graph in 30 minutes I think?
  • #399
  • Jul 5, 2013 7:01am Jul 5, 2013 7:01am
Quoting ClockTrader
{quote} Wouldn't Non-Farm Employment be different from Non-Farm Payroll? or what is it?
Non-Farm Employment is stated as a percentage, otherwise known as the Unemployment Rate. The Non-Farm Payroll is the actual number of jobs added or lost. A rise in unemployment may still come with an increase in jobs, so no its not really the same thing.

Am long from 1192 since the the 28 June, with a stop loss at 1219. But if I didn't have the position open, I wouldn't go long now. Far too risky...there's no real momentum either way in the market at the moment.

Having said that, the RSI on the daily is massively oversold and we are due for a corrective bounce to at least 1320 so that's what I'm banking on.
  • #400
  • Jul 5, 2013 7:04am Jul 5, 2013 7:04am
?
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