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Only Gold!

  • #681
  • Jul 18, 2013 9:26pm Jul 18, 2013 9:26pm
Quoting Basement
Closed Longs at 1286.5, profit banked. Currently Short at 1285.8 for the possibility a retrace before the next big move up. Short Target = 1254 Will go long again at circa 1254 with a target of 1420.
If it goes till 1298 area, it'll hit my short SLs & I'll have some loss. It'll also make my long roots active. Overall this week has not done me anything good & I don't think a bright picture today either. The only good view that remains intact is long term long trend.
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  • #682
  • Jul 18, 2013 9:35pm Jul 18, 2013 9:35pm
Getting another strong feeling that it'll surely touch above 1291 this Asian session.
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  • #683
  • Jul 18, 2013 10:28pm Jul 18, 2013 10:28pm
Quoting ClockTrader
Getting another strong feeling that it'll surely touch above 1291 this Asian session.
This happened faster & earlier than I thought, all my shot SLs (hedge positions) have been hit making my longs effective. Got some intra days & scalps running, won't post those or their results for obvious reasons.
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  • #684
  • Jul 18, 2013 10:38pm Jul 18, 2013 10:38pm
Here is a screenshot of my long term positions, not sharing intra days & scalps. To be honest, I've not been making good money lately, most of the profit I made from these long term long positions went to cover the losses from intra days & scalps.

I hope learning stops soon & I begin to make killing, fingers crossed. If it peaks out here or above/around 1350 & falls I hope to add some long term long positions in about 15 - 20 days from today.

Happy Trading to you all!
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  • #685
  • Jul 19, 2013 4:13am Jul 19, 2013 4:13am
buy on stop at 1300, stop 1290. Longer shot. Order valid today only, then review.

T/L break should propel to unexpected highs.

Also buying AUDUSD, AUDCHF on break, sell EURAUD.

Already have base position.

Should be fun.
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  • #686
  • Jul 19, 2013 7:14am Jul 19, 2013 7:14am
another order buy at 94, stop 91.

although small stops these positions intended for longer (if survive)
  • #687
  • Jul 19, 2013 6:56pm Jul 19, 2013 6:56pm
Hi friends!
Hope everyone is doing great.
I have a question and I would appreciate it greatly if you could help.
What is the average daily and weekly range of gold?

Thanks for your time.
  • #688
  • Jul 19, 2013 11:52pm Jul 19, 2013 11:52pm
Added short on gold before market closed @1294

Anyone agree on this? If the USD/JPY rally to 103 as expected because of that election in Japan, the XAU/USD is most likely to go down?
  • #689
  • Jul 20, 2013 6:49am Jul 20, 2013 6:49am
Quoting seaman2
buy on stop at 1300, stop 1290. Longer shot. Order valid today only, then review. T/L break should propel to unexpected highs. Also buying AUDUSD, AUDCHF on break, sell EURAUD. Already have base position. Should be fun. {image}
nice to see you.

Quoting Lucky_FX
Added short on gold before market closed @1294 Anyone agree on this? If the USD/JPY rally to 103 as expected because of that election in Japan, the XAU/USD is most likely to go down?
Not sure about your technicals, but its worth trying. Lately, the Gold has always opened 4-5 higher on Sunday EST. I wonder what your SL would be?
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  • #690
  • Jul 20, 2013 7:13am Jul 20, 2013 7:13am
Quoting ClockTrader
{quote} nice to see you. {quote} Not sure about your technicals, but its worth trying. Lately, the Gold has always opened 4-5 higher on Sunday EST. I wonder what your SL would be?
Thats my technical analysis..well my SL is 1304. Because I am seeing the market sentiment, just a break above 1300, will signal a reversal to the next resistance - 1350
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  • #691
  • Jul 20, 2013 10:43pm Jul 20, 2013 10:43pm
Quoting Lucky_FX
{quote} Thats my technical analysis..well my SL is 1304. Because I am seeing the market sentiment, just a break above 1300, will signal a reversal to the next resistance - 1350 {image}
After reviewing the nature of Gold, it appears that it could open like mad bull on Sun evening EST & breaching 1300 could be easy like a hot knife through butter. This daily upside wave could continue by the time Japs close their Monday session.
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  • #692
  • Jul 21, 2013 6:41am Jul 21, 2013 6:41am
http://www.reuters.com/article/2013/...96J0AS20130720

$400? Dare I say it?
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  • #693
  • Jul 21, 2013 6:55am Jul 21, 2013 6:55am
Quoting GnarlyPips
http://www.reuters.com/article/2013/...96J0AS20130720 $400? Dare I say it? {image}
I encourage you to take a look at Golden seasons as described on Page 15 of this thread, it will clear all doubts of yours & any other too who is expecting a fall like that.
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  • #694
  • Jul 21, 2013 12:51pm Jul 21, 2013 12:51pm
Quoting ClockTrader
{quote} I encourage you to take a look at Golden seasons as described on Page 15 of this thread, it will clear all doubts of yours & any other too who is expecting a fall like that.
Looked at the page, and it just says "buy on yellow arrow" pretty much. No real explanation to me.
Play the players, not the cards.
  • #695
  • Jul 21, 2013 8:49pm Jul 21, 2013 8:49pm
Quoting ClockTrader
{quote} After reviewing the nature of Gold, it appears that it could open like mad bull on Sun evening EST & breaching 1300 could be easy like a hot knife through butter. This daily upside wave could continue by the time Japs close their Monday session.
Exactly like I predicted.

Quoting GnarlyPips
{quote} Looked at the page, and it just says "buy on yellow arrow" pretty much. No real explanation to me.
I repeat it here: "Buy in Summers, sell in winters", this is not a typical trader's strategy, but investor's view.
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  • #696
  • Edited 9:01pm Jul 21, 2013 9:00pm | Edited 9:01pm
Quoting ClockTrader
{quote} Exactly like I predicted. {quote} I repeat it here: "Buy in Summers, sell in winters", this is not a typical trader's strategy, but investor's view.
Well, that could be. I do think gold will go up to 1500-1600, but I don't know when. After that, it's down and only down, because we're in a bull trap. If you look at the price history of gold in 2003, when the banks were allowed to physically trade commodities, you'll notice that price starts to move up out of the range it was in for a few decades. The price was around $400 when the banks were allowed to trade. Without the demand backed by huge banks, and I would imagine that these banks would sell off their balance sheets, flooding the market with supply, I don't see how price is going to go up over 1600.
Play the players, not the cards.
  • #697
  • Jul 21, 2013 9:07pm Jul 21, 2013 9:07pm
Quoting GnarlyPips
{quote} Well, that could be. I do think gold will go up to 1500-1600, but I don't know when. After that, it's down and only down, because we're in a bull trap. If you look at the price history of gold in 2003, when the banks were allowed to physically trade commodities, you'll notice that price starts to move up out of the range it was in for a few decades. The price was around $400 when the banks were allowed to trade. Without the demand backed by huge banks, and I would imagine that these banks would sell off their balance sheets, flooding the...
I can tell you when it will go up & when it will go down. Did you observe my prediction of this week's opening? I've not been perfect but I'm getting better & hope to make lesser mistakes.

Let me tell you some raw dates, I expect Gold to go way above 2,000 by Jan-2015 & I expect Gold to touch 1500 - 1600 range by Jan-2014.

It may peak out here or next Monday (week later) for a while, then some correction.

After this I expect bad time for financial markets from Mid of August-2014 for about 4 weeks, clearly visible by end of August & early September. You can then relate this with your news.

edit date: from Mid of August-2014 for about 4 weeks
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  • #698
  • Jul 21, 2013 9:21pm Jul 21, 2013 9:21pm
Quoting ClockTrader
{quote} I can tell you when it will go up & when it will go down. Did you observe my prediction of this week's opening? I've not been perfect but I'm getting better & hope to make lesser mistakes. Let me tell you some raw dates, I expect Gold to go way above 2,000 by Jan-2015 & I expect Gold to touch 1500 - 1600 range by Jan-2014. It may peak out here or next Monday (week later) for a while, then some correction. After this I expect bad time for financial markets from Mid of August-2014 for about 4 weeks, clearly visible by end of August & early...
I don't do predictions. I think of possible scenarios, and then bet on which one I think has the highest chance of happening. Why do you "expect" price to go way above 2000?
Play the players, not the cards.
  • #699
  • Jul 21, 2013 9:39pm Jul 21, 2013 9:39pm
Quoting GnarlyPips
{quote} I don't do predictions. I think of possible scenarios, and then bet on which one I think has the highest chance of happening. Why do you "expect" price to go way above 2000?
I come from India from a long family line like any family here, who believes that Gold price will always & always appreciate with the passage of time, of course, there would be corrections & major corrections. I could write 1000 word article on this, but I hope you got my point. In your language, if you had, you could look at historic Gold prices, like 100 yrs back, 200 yrs back until few thousand yrs back.

As for dates & time, I use Astro-Lunar calendars, example below:

http://www.lunarium.co.uk/calendar/u...alendarMonth=7

This is developed by a Russian & it works great for me.

and I also use below (pick only ancient festivals):

http://www.festivalsofindia.in/calen...calendar/2013/
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  • #700
  • Jul 22, 2013 7:56am Jul 22, 2013 7:56am
Missed the good breakout trade at 1305 , now 1335.7 looks a normal resistance for me , I 'll go for short with tight stop loss near 1336
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