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  • #1,401
  • Oct 21, 2013 11:26pm Oct 21, 2013 11:26pm
Quoting Seajah
{quote} Thank you can you give me an insight into your suggestion Cheers
For that you'd need to read the first post of this thread & then be proficient in the Indian ancient schools.
Hello World!
  • #1,402
  • Oct 22, 2013 1:44am Oct 22, 2013 1:44am
Quoting ClockTrader
{quote} For that you'd need to read the first post of this thread & then be proficient in the Indian ancient schools.

I read your thread long before posting be rude not to really

and see the concept but maybe I missed something

Which schools to be studying as we have quite a few to choose from

Thank you
  • #1,403
  • Oct 22, 2013 5:52am Oct 22, 2013 5:52am
Quoting Seajah
{quote} I read your thread long before posting be rude not to really and see the concept but maybe I missed something Which schools to be studying as we have quite a few to choose from Thank you
First for anyone is "Seasons", I suggest you to take a look at Page-15 of this thread & let me know what you conclude?
Hello World!
  • #1,404
  • Oct 22, 2013 5:55am Oct 22, 2013 5:55am
To add

I understand you following festivals linked to the purchase of gold, and lunar cycles also being linked to important festivals, but with the limitations and rules regarding import/export do you see them having the impact they used to have.
I the four weeks leading up to Dussehra supply was only 20% of the same period last year.
We have Diwali in a couple of weeks and hopefully it may pick up but possibly unofficial channels of supply have slowed things down.

We shall see.


Regards
  • #1,405
  • Oct 22, 2013 6:35am Oct 22, 2013 6:35am
Quoting Seajah
To add I understand you following festivals linked to the purchase of gold, and lunar cycles also being linked to important festivals, but with the limitations and rules regarding import/export do you see them having the impact they used to have. I the four weeks leading up to Dussehra supply was only 20% of the same period last year. We have Diwali in a couple of weeks and hopefully it may pick up but possibly unofficial channels of supply have slowed things down. We shall see. Regards
Most probably you have still not observed the Page-15 & possibly concluded nothing from seasons as I requested, did you?

All the import-export & the blah-2 you just said has least to do with what I intend to do.
Hello World!
  • #1,406
  • Oct 22, 2013 6:54am Oct 22, 2013 6:54am
Quoting ClockTrader
{quote} Most probably you have still not observed the Page-15 & possibly concluded nothing from seasons as I requested, did you? All the import-export & the blah-2 you just said has least to do with what I intend to do.
Our posts crossed so no I have not seen "seasons" but i have trouble in finding that on page 115 can you give me a posting number please.

Why do I perceive that you think I am trying to have a go. I am interested in what you posting I do not call what you write as Blah so please show some assistance to one that enquires.

Regards
  • #1,407
  • Oct 22, 2013 7:05am Oct 22, 2013 7:05am
you said buy in june ,sell in jan.so that means from june to jan only buy, from jan to june only sell?but its fell down from 1433 to 1252 what do u say about this sell off
  • #1,408
  • Oct 22, 2013 7:17am Oct 22, 2013 7:17am
Global warming
  • #1,409
  • Oct 22, 2013 7:33am Oct 22, 2013 7:33am
Quoting Gumrai
There are threads concentrating on Gold. They are in the commodities and Stocks forum. But I don't think that any concentrate on position trading. I will look forward to reading your views. I will contribute if/when I can, but as mostly I don't expect to keep a trade open for more than a day or 2, I will probably be more a reader than a contributor. BTW Your rule #1 No Selling I guess that you mean no vendors? It can't p[ossibly mean that short positions are not allowed - can it?

We can discuss the following system:

A-Gold go down = This mean that AUD will go down
B- The confirmation of this are the ratio of AUD rate vs other currencies

The currencies aim to go or to 52 week high or to 52 week low, like an trend... to check this we build an AUD index and check all the currencies rate between each others or the pairs like EURUSD, but in our case the AUD vs others
and this will help to indicate if Gold aim to go to 52 week low or 53 week high.

This also help Gold rate indication
  • #1,410
  • Oct 22, 2013 7:39am Oct 22, 2013 7:39am
Quoting rambo12
you said buy in june ,sell in jan.so that means from june to jan only buy, from jan to june only sell?but its fell down from 1433 to 1252 what do u say about this sell off
It was second OP of the year to go long. Buy in June Sell in Jan, its not vertical climb, it'll fall & climb numerous times.

Quoting Seajah
{quote} Our posts crossed so no I have not seen "seasons" but i have trouble in finding that on page 115 can you give me a posting number please. Why do I perceive that you think I am trying to have a go. I am interested in what you posting I do not call what you write as Blah so please show some assistance to one that enquires. Regards
Page 15, not Page 115

http://www.forexfactory.com/showthre...87#post6779087
Hello World!
  • #1,411
  • Oct 22, 2013 8:00am Oct 22, 2013 8:00am
September NFP shows how weak economy is and how much more likely QE will continue without any tapering. Add Indian gold buying, and the continuing saga of Obamacare, and debt talks in early 2014...and gold range could extend to 1400.

LONG at 1316 and may add another trade with target of 1388.
"The market can remain irrational longer than you can remain solvent"
  • #1,412
  • Oct 22, 2013 8:13am Oct 22, 2013 8:13am
Quoting anton.olff
September NFP shows how weak economy is and how much more likely QE will continue without any tapering. Add Indian gold buying, and the continuing saga of Obamacare, and debt talks in early 2014...and gold range could extend to 1400. LONG at 1316 and may add another trade with target of 1388.
Strong fib resistance at 1336.66 do you think it will get through that soon

Out of interest how much of a SL do you give a trade like that

Many thanks
  • #1,413
  • Oct 22, 2013 8:33am Oct 22, 2013 8:33am
Quoting Seajah
{quote} Strong fib resistance at 1336.66 do you think it will get through that soon Out of interest how much of a SL do you give a trade like that Many thanks
Yes, very strong resistance. This is a longer term trade. My SL is at 1293. If pullback to 1320-1325, I will add to my longs.
"The market can remain irrational longer than you can remain solvent"
  • #1,414
  • Oct 22, 2013 8:40am Oct 22, 2013 8:40am
Quoting anton.olff
{quote} Yes, very strong resistance. This is a longer term trade. My SL is at 1293. If pullback to 1320-1325, I will add to my longs.

I would like to do same long term trades but my broker charges for overnight and it mounts up. Do you have same issues
  • #1,415
  • Oct 22, 2013 8:47am Oct 22, 2013 8:47am
Quoting Seajah
{quote} I would like to do same long term trades but my broker charges for overnight and it mounts up. Do you have same issues
Find another broker...or use an Islamic account.
"The market can remain irrational longer than you can remain solvent"
  • #1,416
  • Oct 22, 2013 1:06pm Oct 22, 2013 1:06pm
I am going to take short 1340-65 range .targets 1300-1290 even below
  • #1,417
  • Oct 22, 2013 1:30pm Oct 22, 2013 1:30pm
1343 was 50% fib level on on extension of 1251-1433. so good point to short with stop loss around 1345 mark target below 1305
  • #1,418
  • Oct 22, 2013 2:36pm Oct 22, 2013 2:36pm
Would Gold bounce back to below 1305?
  • #1,419
  • Oct 22, 2013 4:07pm Oct 22, 2013 4:07pm
I got major buy setup for metals & resource industry in general.

will post once loaded swing position.

there is a good chance of explosive move up for the whole complex.
  • #1,420
  • Oct 22, 2013 4:44pm Oct 22, 2013 4:44pm
well did more analysis. gold always makes moves ups and down to hit stop losses before going into specfic direction. so 1350 is possible but i dont think it will breach 1375. However i m quiet optimistic that we will see 1305 level before 1375
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