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  • #521
  • Jul 10, 2013 6:36am Jul 10, 2013 6:36am
Quoting hadesdmc
{quote} Wew just a suggestion i think better to cancel all other off n make 2 clean longs rather than 9 longs n 7 shorts coz its the same things. It kinda confuse yourself bro >,<
with all my respect -
  • #522
  • Jul 10, 2013 6:41am Jul 10, 2013 6:41am
Quoting hadesdmc
{quote} Wew just a suggestion i think better to cancel all other off n make 2 clean longs rather than 9 longs n 7 shorts coz its the same things. It kinda confuse yourself bro >,<
The crux of my strategy is to have as many longs as possible. If you take a look at Golden Seasons strategy (page 15), you'll get my point.

Given the current situation:

  1. If it shoots, it'll have to hit my shot SLs & thus making most of my longs effective & thus making me money.
  2. If it hits my shot SLs & then falls, I'll get a better chance at buying more longs (seasons). In this case, I'll still have my two shorts effective as they don't have any SL

The fact is that I don't wish it shoots from here as I don't have sufficient longs right now.

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  • #523
  • Jul 10, 2013 6:42am Jul 10, 2013 6:42am
Quoting hadesdmc
{quote} Wew just a suggestion i think better to cancel all other off n make 2 clean longs rather than 9 longs n 7 shorts coz its the same things. It kinda confuse yourself bro >,<
Ohh, on other note, its not confusing at all for me. Trust me. I'm doing what I used to dream of 5-6 yrs back. I'm living my dreams.
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  • #524
  • Jul 10, 2013 6:44am Jul 10, 2013 6:44am
Quoting hadesdmc
{quote} Wew just a suggestion i think better to cancel all other off n make 2 clean longs rather than 9 longs n 7 shorts coz its the same things. It kinda confuse yourself bro >,<
AFAIK his longs are long term, and shorts are short.
But still, I agree with you - better open 2L then 9L and 7S because of spread, frozen money and broker commision.
  • #525
  • Jul 10, 2013 6:48am Jul 10, 2013 6:48am
Quoting jimmij
{quote} AFAIK his longs are long term, and shorts are short. But still, I agree with you - better open 2L then 9L and 7S because of spread, frozen money and broker commision.
you guys don't get the point. the more longs there are, the more opportunities, targets, profits, etc. are given.
  • #526
  • Jul 10, 2013 6:51am Jul 10, 2013 6:51am
Buying pressure is high in gold... Till FOMC minutes it may go up...
Jias...
  • #527
  • Jul 10, 2013 6:51am Jul 10, 2013 6:51am
Quoting sibajnok
{quote} you guys don't get the point. the more longs there are, the more opportunities, targets, profits, etc. are given.
You got my point mate. Its about long term investment. Nobody looks at my strategy before discussing what I'm doing, despite the fact I say on each page to look at my Page-15 Golden Seasons strategy.

Quoting jimmij
{quote} AFAIK his longs are long term, and shorts are short. But still, I agree with you - better open 2L then 9L and 7S because of spread, frozen money and broker commision.
Lets say I close 7 longs & no short at all, thereafter I'll have 2 longs, right? Do you think I'll have the courage to buy on top of these hill like waves?
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  • #528
  • Jul 10, 2013 6:52am Jul 10, 2013 6:52am
if only 1 long remains open until gold goes up to 2000...or...3000...or...4000...or...
  • #529
  • Jul 10, 2013 7:00am Jul 10, 2013 7:00am
Quoting jimmij
{quote} AFAIK his longs are long term, and shorts are short. But still, I agree with you - better open 2L then 9L and 7S because of spread, frozen money and broker commision.
Seriously managing it will be very troublesome, calculate diff stop loss every big move like just happen to gold for few hours go up for more than 5 point....
not considering the spread price, margin requirement

I used to have client with 28 longs n 23 shorts too. Usually people do that becoz he aint sure whatever he doing. At on point he long coz it might up, the other short coz it might go down. At one point it will go up rather than clear the short n just let the old long run, he make new long become 2 long 1 short n so on, on...

No offense just a suggestion, afterall we here to help each other I do take a look gold season strategy follow the previous one, give me + pips reconfirm my buying strategy. thanks to you
  • #530
  • Jul 10, 2013 7:04am Jul 10, 2013 7:04am
Quoting hadesdmc
{quote} Seriously managing it will be very troublesome, calculate diff stop loss every big move like just happen to gold for few hours go up for more than 5 point.... not considering the spread price, margin requirement I used to have client with 28 longs n 23 shorts too. Usually people do that becoz he aint sure whatever he doing. At on point he long coz it might up, the other short coz it might go down. At one point it will go up rather than clear the short n just let the old long run, he make new long become 2 long 1 short n so on, on... No...
I'm always open to suggestions so I can improve. You are welcome Bro :-)

If you want to sharpen your mind, plain brain teasers like Tetris & other such games, if you can rank among the top, you can do all the Calc w/o even thinking, answers will pop in your mind instinctively.
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  • #531
  • Jul 10, 2013 7:30am Jul 10, 2013 7:30am
I already regret that I've sold longs in the morning, could have a couple of pips more by now.
But now I'm completely empty waiting for Big Ben. If I had to I would rather buy USD before his speech, but I do not have to...
  • #532
  • Jul 10, 2013 7:32am Jul 10, 2013 7:32am
Clock Trader will be laughing to the Bank when the big ole orange school bus does a u turn and picks up all his long off springs on the way back up. When that happens who knows .....so his strategy would be long term one would guess. Its all about equity to carry . There is also a saying never try to pick the bottom you will get a stinky finger
  • #533
  • Jul 10, 2013 7:39am Jul 10, 2013 7:39am
Quoting jimmij
I already regret that I sell longs in the morning, could have a couple of pips more. But now I'm completely empty waiting for Big Ben. If I had to I would rather buy USD before his speech, but I do not have to...
I have one advise for you. If ever you have decent floating profit on a long Gold position & if you wish to close it, then try one of the below:

  1. Move the SL way above your BE, on the contrary: right now my long average is 1206 & the SL is still at 1180
  2. Instead of closing the long in profits, take a shot position. Going forward, sooner or later one of these two positions will get hit, possibly both, but if you play right, you can make more.

As soon as we close a position with profits, we tend to move in the other direction, coz that's what our theory is. Heck, we never know in Forex what is right & what is wrong. So play like a free bird.

This has happened to me numerous times, I take a shot, it falls well, then I think its enough, it won't fall any further below, not only did I close the shot, but also took a long assuming it'll go up from here, I committed two mistakes, close the shot & took long, losses become double as it keeps falling.

In order to play smart, apparently, you need to have a substantial strategy & also the balls to follow it.

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  • #534
  • Jul 10, 2013 7:44am Jul 10, 2013 7:44am
Quoting rythmrig
Clock Trader will be laughing to the Bank when the big ole orange school bus does a u turn and picks up all his long off springs on the way back up. When that happens who knows .....so his strategy would be long term one would guess. Its all about equity to carry . There is also a saying never try to pick the bottom you will get a stinky finger
As long as I'm laughing & happy, I would be just content as this is what everyone in this world seeks, isn't it?

On other note, when that orange school bus takes a U turn, don't you think I would still be making money? heck why not? I got about 7 shots right now.

Here again on this page, I repeat, nobody gets crazier than us (Indians) when it comes to buying Gold, we consume 1/3 World's total Gold production. I know how strange it sounds as its coming from a primitive third world.

edited grammar: how strange this it sounds
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  • #535
  • Jul 10, 2013 7:50am Jul 10, 2013 7:50am
Quoting rythmrig
Clock Trader will be laughing to the Bank when the big ole orange school bus does a u turn and picks up all his long off springs on the way back up. When that happens who knows .....so his strategy would be long term one would guess. Its all about equity to carry . There is also a saying never try to pick the bottom you will get a stinky finger
Only time will tell who tastes the stinky finger, I wonder what's your strategy & positions?

I got 9 longs & 7 shorts. Read backward & you'll know what I've been doing? Any thread where I can see what you've been up to?
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  • #536
  • Jul 10, 2013 7:55am Jul 10, 2013 7:55am
Quoting ClockTrader
{quote} Only time will tell who tastes the stinky finger, I wonder what's your strategy & positions? I got 9 longs & 7 shorts. Read backward & you'll know what I've been doing? Any thread where I can see what you've been up to?



Right now at this level i have no trades ....this level is is not really that great. I am waiting for it to breakout and it could go north or could go south .
  • #537
  • Jul 10, 2013 7:56am Jul 10, 2013 7:56am
Quoting ClockTrader
{quote} Only time will tell who tastes the stinky finger
Never mind them. Many don't even know what Indian festivals are and that are the only 'Never go wrong' fundamental indicators for gold. Experienced Indian commodity and gold investors always have that edge.
  • #538
  • Jul 10, 2013 8:01am Jul 10, 2013 8:01am
@ Clocktrader, if I were you and am following my strategy in disciplined manner and making profit for a long time, I'll not even consider proving me correct to the newbies.
  • #539
  • Jul 10, 2013 8:03am Jul 10, 2013 8:03am
Quoting Bhoopalan
{quote} Never mind them. Many don't even know what Indian festivals are and that are the only 'Never go wrong' fundamental indicators for gold. Experienced Indian commodity and gold investors always have that edge.
I really feel sorry for all the people who need enlightenment. I keep encouraging people to check the att. chart. I thought I would help people with this thread. Heck, I didn't know how hard it would be. The att. chart shows Golden seasons, buy in May-June-July, sell in Jan-Feb, apparently, this doesn't mean, buy with SL 10 $s away. Its more of an investor's strategy.

I have lost the count of noobs here who attack me with baseless crap & disappear in less then 24 hrs. without proving anything.
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  • #540
  • Jul 10, 2013 8:07am Jul 10, 2013 8:07am
Quoting Bhoopalan
@ Clocktrader, if I were you and am following my strategy in disciplined manner and making profit for a long time, I'll not even consider proving me correct to the newbies.
Yea, I don't care what others say, but being a founder of this thread & with an aim to help people & show how money can be made, it can be real hard to pacify the noobs.

Secondly, criticism helps in improvement, when I share my strategy here, people could point me to the loop holes I've been overlooking. Anyways, life is a long journey & so is this thread, lets carry on..
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