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Quoting kokomos
Gold just went pass 1345 and look at those SL pushing it up.
Yep I just got hit with my SL also how have reloaded the shorts here. What a move up!
To live a successful life, we must lose our fear of being wrong
Quoting cg uno
{quote} Have you been stopped on your 1298 and 1310 shorts at 1337 that you mentioned on August 8th?
I got out of both at 1,305. Took at loss on current trades, but was in very light as was waiting for price action to move below 1,310. Looks like Philly Fed report has now moved market range higher. On sidelines for now as I think it might inch closer to 1,400 before coming down.
"The market can remain irrational longer than you can remain solvent"
Quoting anton.olff
{quote} I got out of both at 1,305. Took at loss on current trades, but was in very light as was waiting for price action to move below 1,310. Looks like Philly Fed report has now moved market range higher. On sidelines for now as I think it might inch closer to 1,400 before coming down.
Glad to hear it didn't cost you I only mention it because if you only post part of a trade people might think that only the profitable ones get referred to again......
  • Post #964
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  • Edited at 11:24pm Aug 15, 2013 8:03pm | Edited at 11:24pm
Quoting anton.olff
{quote} I got out of both at 1,305. Took at loss on current trades, but was in very light as was waiting for price action to move below 1,310. Looks like Philly Fed report has now moved market range higher. On sidelines for now as I think it might inch closer to 1,400 before coming down.
if youre trading with a macro fundamental view, you ought to consider approaching the trade in a way that eliminates market noise. your treshold for loss should be higher. just my thoughts.


anyway

regret clearing the longs!
now offers below 350 are looking lucrative.

figures...
another perspective of gold vs US$ index...
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Are you guys not shorting anymore?
Thanks guys, today gold led the moves. Amazing push up :-)

I'm not thinking of shorting it. Although I think the game is now near on the bears and must see what will happen now.
Im shorting from 1366, tp @ 1345.
Finger crossed
quick scalp long at 1362.2.. as US$ index dropped a bit... grab and run..
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TP 1395 one time
Quoting jest1081
{quote} if youre trading with a macro fundamental view, you ought to consider approaching the trade in a way that eliminates market noise. your treshold for loss should be higher. just my thoughts. anyway regret clearing the longs! now offers below 350 are looking lucrative. figures...

You're absolutely right. Much of the trading right now is just summer noise, especially with Europe on holiday. The real action will begin in September.

I trade gold in 2 accounts. One is a shorter term with tighter stops. The other is with a much longer view (6 months+). Right now, just watching as it looks like gold could push up to 1,400 though might be some profit taking after U.S. news today.
"The market can remain irrational longer than you can remain solvent"
bunch of pessimists failed to buy gold as they expect new lows and there is where they want to jump long.

I have bad news for these.

NO NEW LOW IN GOLD
Gold heading towards 1420 zone. Placing my buy order at 1348 hopefully i will get an entry.


PS: Clocktrader can you please give me your email Id I need some guidance regarding comex trading from India. Thanks
Quoting seaman2
bunch of pessimists failed to buy gold as they expect new lows and there is where they want to jump long. I have bad news for these. NO NEW LOW IN GOLD
After it peaks out next week, I expect it to fall like that Red Apple. Lets see how it treats investors like me. I hope I play it well.
Hello World!
Quoting seaman2
bunch of pessimists failed to buy gold as they expect new lows and there is where they want to jump long. I have bad news for these. NO NEW LOW IN GOLD
I 100% agree with NO NEW LOW.
Hello World!
Quoting Sahilsri
Gold heading towards 1420 zone. Placing my buy order at 1348 hopefully i will get an entry. PS: Clocktrader can you please give me your email Id I need some guidance regarding comex trading from India. Thanks
First the 1,388, and possibly to 1,420, though 1,400 will be tough resistance. Will look for shorts from this area. May not make a new low, but possibly back down towards 1,300.

Interesting that John Paulson finally closed 50% of his position and reports are that Soros sold more as well.
"The market can remain irrational longer than you can remain solvent"
Quoting anton.olff
{quote} First the 1,388, and possibly to 1,420, though 1,400 will be tough resistance. Will look for shorts from this area. May not make a new low, but possibly back down towards 1,300. Interesting that John Paulson finally closed 50% of his position and reports are that Soros sold more as well.
Yes but you have to take into an account of where the Japanese and Chinese are moving their reserves to. They have been selling US assets.
Quoting kokomos
{quote} Yes but you have to take into an account of where the Japanese and Chinese are moving their reserves to. They have been selling US assets.
Agreed. Over the long term, gold should move higher, but for the intermediate term...or until inflationary pressures are back...I think it is likelier to be down further. That could be why Paulson decided to dump now.
"The market can remain irrational longer than you can remain solvent"
Guys!

Check this out and share your feedback please

https://www.tradingview.com/x/exYYNiwU/
The difference between gambling and speculating is risk management
If taper talk becomes reallity gold will be down big time. I am going against the trend and shorting gold my sl is 1380
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