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  • #1,161
  • Sep 23, 2013 7:37am Sep 23, 2013 7:37am
'"Quoting ClockTrader

Well, my view remains short for another 10 days. I'm not trading at all right now. Its chaos. I would suggest buying when festival season called "Navratras" start here in India in about 10 - 12 days. I am very hopeful that the bottom 1180 shall sustain. Maybe it bottoms out around 1225 - 1250, fingers crossed.

thanks for your view... Even I want to buy at low ... lets see... Indian Import duty increase to 15% on gold... this is bad for gold
  • #1,162
  • Sep 24, 2013 9:46am Sep 24, 2013 9:46am
Quoting ClockTrader
{quote} Well, my view remains short for another 10 days. I'm not trading at all right now. Its chaos. I would suggest buying when festival season called "Navratras" start here in India in about 10 - 12 days. I am very hopeful that the bottom 1180 shall sustain. Maybe it bottoms out around 1225 - 1250, fingers crossed.
Right now, looking at a target of ~1250 within 2 weeks.
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  • #1,163
  • Sep 24, 2013 11:11am Sep 24, 2013 11:11am
Quoting ClockTrader
{quote} Right now, looking at a target of ~1250 within 2 weeks.
  • #1,164
  • Sep 24, 2013 3:53pm Sep 24, 2013 3:53pm
I think gold reversed today to UP.

why I say that:

because got signal to long oil yesterday. and gold moves similar to oil these days and both had a nice little jump up couple of hours ago.
  • #1,165
  • Sep 24, 2013 11:39pm Sep 24, 2013 11:39pm
Quoting ClockTrader
{quote} Right now, looking at a target of ~1250 within 2 weeks.
Quoting seaman2
I think gold reversed today to UP. why I say that: because got signal to long oil yesterday. and gold moves similar to oil these days and both had a nice little jump up couple of hours ago.
For the next 5-6 days, it may keep going sideways, 10 - 20 up or down, spike up & down, go zig zag to hit SLs, like a broad range of sideways, eventually, I expect this to bottom out somewhere around ~1250, here again 10 - 20 up or down doesn't really matter. right now @ 1325

Being hard bent towards investing in Gold & interested in positional trades only, I'm more like a small time investor, not playing these days & waiting for the storm to settle down. I would not enter long for long term until I'm completely satisfied with my strategy which depends totally on my calendar & clock. Fingers crossed, lets see how the current patterns on Daily chart unravel.
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  • #1,166
  • Sep 25, 2013 1:55am Sep 25, 2013 1:55am
Quoting ClockTrader
{quote} {quote} For the next 5-6 days, it may keep going sideways, 10 - 20 up or down, spike up & down, go zig zag to hit SLs, like a broad range of sideways, eventually, I expect this to bottom out somewhere around ~1250, here again 10 - 20 up or down doesn't really matter. right now @ 1325 Being hard bent towards investing in Gold & interested in positional trades only, I'm more like a small time investor, not playing these days & waiting for the storm to settle down. I would not enter long for long term until I'm completely satisfied with my...
I agree with ClockTrader: gold is sideways. After FED refused to taper in September everything is in no ones land. Most of us, looking at the charts, see what would like to see. A bull sees signs for going long, a bear sees signs for going short but the truth is gold is in no ones land. And not only gold: the forex pairs, the oil, everything.
The better thing to do, in my opinion, is to draw a rectangle to delimit the "range area" and to trade the range break.
Buy when everyone else is selling and sell when everyone else is buying !
  • #1,167
  • Sep 25, 2013 2:01am Sep 25, 2013 2:01am
Yesterday I bought gold after 1310, I think is a big chance that it will come back to 1350-1400, what do you think?
  • #1,168
  • Sep 25, 2013 4:40am Sep 25, 2013 4:40am
you might be right. My oil long was kicked out by time stop. Oil not strong enough. Still made couple of bucks though.

eh well, NEXT
  • #1,169
  • Sep 25, 2013 3:35pm Sep 25, 2013 3:35pm
Quoting ClockTrader
For the next 5-6 days, it may keep going sideways, 10 - 20 up or down, spike up & down, go zig zag to hit SLs
Agree. Tomorrow is expiration date so higher volatility is normal.
I strongly believe that gold has some job to do @ around 1270 (options job). Everything was going as planned, but Bernake interrupted. According to volume deltas, bears tried VERY HARD to get it back down, but so far with no success. Tomorrow will be their last chance. Smart bulls found all this hard bears work amusing and were seeing this as opportunity to drop their average long position to a few bucks lower level.
I expect tomorrow to be one interesting volatile day for this metal.
  • #1,170
  • Sep 25, 2013 11:05pm Sep 25, 2013 11:05pm
Quoting Super_Mario
{quote} Agree. Tomorrow is expiration date so higher volatility is normal. I strongly believe that gold has some job to do @ around 1270 (options job). Everything was going as planned, but Bernake interrupted. According to volume deltas, bears tried VERY HARD to get it back down, but so far with no success. Tomorrow will be their last chance. Smart bulls found all this hard bears work amusing and were seeing this as opportunity to drop their average long position to a few bucks lower level. I expect tomorrow to be one interesting volatile day for...
Even if it has to go down like $80s from current 1331, it makes lot of sense to hit the SLs of all the sellers by climbing like 10 - 20 by weekend.

The way I see, it'll go down only once almost everyone (weight wise) has bought & after it has hit SLs of all the sellers.
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  • #1,171
  • Sep 26, 2013 11:37am Sep 26, 2013 11:37am
10 - 20 up <-> down continues, it might carry on this zig zag which may appear going up sometimes until European session starts on Tuesday (1st of Oct).

My view remains short until 7th of Oct (or maybe 8th) US morning. That's when I plan to go long, until then I don't plan to trade but only share my opinion here. Hope the dust settles down timely & view becomes clear as per my calendar.

I'd call it a day now!
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  • #1,172
  • Sep 26, 2013 12:18pm Sep 26, 2013 12:18pm
Quoting ClockTrader
10 - 20 up <-> down continues, it might carry on this zig zag which may appear going up sometimes until European session starts on Tuesday (1st of Oct). My view remains short until 7th of Oct (or maybe 8th) US morning. That's when I plan to go long, until then I don't plan to trade but only share my opinion here. Hope the dust settles down timely & view becomes clear as per my calendar. I'd call it a day now!
+1
Couple of hours ago I believe it was last and largest bears try to get it down to 1270 level for today (and tomorrow on I see no reason going there - you can check CME data - there's almost no interest below 1300). 2K contracts almost at once but no big effect - just 10 dollars drop. Couple of months ago 2K would cause at least 30-40$ drop before you could hear yourself saying "WOW". The only logical conclusion (imho of course) "big fish" continues accumulating longs. Below 1300 everything was loaded earlier 1305 area was well loaded last week. This week working on 10s-20s-30s. According to graph their highest buying level is around 1400, so they will be loading their longs at all the remaining price clusters next weeks.


Good day/evening/night to all !
  • #1,173
  • Sep 26, 2013 11:05pm Sep 26, 2013 11:05pm
Quoting Super_Mario
{quote} +1 Couple of hours ago I believe it was last and largest bears try to get it down to 1270 level for today (and tomorrow on I see no reason going there - you can check CME data - there's almost no interest below 1300). 2K contracts almost at once but no big effect - just 10 dollars drop. Couple of months ago 2K would cause at least 30-40$ drop before you could hear yourself saying "WOW". The only logical conclusion (imho of course) "big fish" continues accumulating longs. Below 1300 everything was loaded earlier 1305 area was well loaded...
Well, I think I'm gonna stop opining & better just watch until I feel comfortable going long.

fingers crossed, lets see how this unfolds.
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  • #1,174
  • Sep 26, 2013 11:48pm Sep 26, 2013 11:48pm
gold can be down to 1275$,if breaks 1310$....
this is my thought
  • #1,175
  • Sep 27, 2013 6:16am Sep 27, 2013 6:16am
Test of 38.2 now? Im buying TP 1338.4..

Nice bull candle on 5M.
To live a successful life, we must lose our fear of being wrong
  • #1,176
  • Sep 27, 2013 6:50am Sep 27, 2013 6:50am
Quoting EatPIPs
Test of 38.2 now? Im buying TP 1338.4.. Nice bull candle on 5M.
Glad to see you making money.
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  • #1,177
  • Sep 27, 2013 6:56am Sep 27, 2013 6:56am
Quoting ClockTrader
{quote} Glad to see you making money.

I'm looking to open some positions now for LONG term... Potentially a continuation now? No new lows mid term..?
To live a successful life, we must lose our fear of being wrong
  • #1,178
  • Sep 27, 2013 11:21am Sep 27, 2013 11:21am
Quoting EatPIPs
{quote} I'm looking to open some positions now for LONG term... Potentially a continuation now? No new lows mid term..?
If you or anyone seeks long term long positions, I would suggest going for that around 7th of 8th of October. I'm expecting a huge fall ahead. By Monday, it may touch areas like 1350 though.
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  • #1,179
  • Sep 27, 2013 11:36am Sep 27, 2013 11:36am
Quoting ClockTrader
{quote} If you or anyone seeks long term long positions, I would suggest going for that around 7th of 8th of October. I'm expecting a huge fall ahead. By Monday, it may touch areas like 1350 though.
Elaborate on your term of "huge fall" ?

I'm looking to lock in around 1364. I know 1300 is on the books and I have large buy orders in place there but 1364 resistance first IMO?
To live a successful life, we must lose our fear of being wrong
  • #1,180
  • Sep 27, 2013 9:38pm Sep 27, 2013 9:38pm
Quoting EatPIPs
{quote} Elaborate on your term of "huge fall" ? I'm looking to lock in around 1364. I know 1300 is on the books and I have large buy orders in place there but 1364 resistance first IMO?
Well, if you check the first post of this thread, you'll realize I started this thread hoping I'll find people who use some kind of ancient algorithms such as ancient Indian Festivals and/or Astro-Lunar Cycles. Its all based on dates / events. I can't really elaborate unless you have solid knowledge in these areas.

I'm in the learning phase, half the times I'm wrong & that's how everyone here is. I've been precisely right & badly wrong in the past. But, sometimes I just feel like sticking to my point for certain logical reasons I can't talk much about. Its your money, finally it will always be your call mate.
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