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  • #1,421
  • Oct 22, 2013 10:00pm Oct 22, 2013 10:00pm
I'll carry on with my longs, might add more if I get a decent chance.
Hello World!
  • #1,422
  • Oct 22, 2013 10:51pm Oct 22, 2013 10:51pm
I salute your patience Dhoni ( pic in ur DP is Dhoni right). i wish i could learn to be as patience as you are with your trades/decision.

Good going

Quoting ClockTrader
I'll carry on with my longs, might add more if I get a decent chance.
  • #1,423
  • Oct 22, 2013 11:39pm Oct 22, 2013 11:39pm
Quoting ssaqeel
I salute your patience Dhoni ( pic in ur DP is Dhoni right). i wish i could learn to be as patience as you are with your trades/decision. Good going {quote}
Now that was funny, that's my pic, not Dhoni's, but heeeyyy, that's like a compliment that you see a star like Dhoni in my pic.
Hello World!
  • #1,424
  • Oct 23, 2013 5:07am Oct 23, 2013 5:07am
Quoting ClockTrader
I'll carry on with my longs, might add more if I get a decent chance.
I admire your trading methods. Kinda sad I don't live in India so I do not know how much / strong the festives there affect Gold market. The only thing I can relate in my country is the Islamic Eid ul-Fitri and the Chinese New Year, which are quite global.

I'd like to know though, do you trade by technicals or incorporate them in your positions?
  • #1,425
  • Edited 10:22am Oct 23, 2013 7:38am | Edited 10:22am
Quoting forexer101
{quote} I admire your trading methods. Kinda sad I don't live in India so I do not know how much / strong the festives there affect Gold market. The only thing I can relate in my country is the Islamic Eid ul-Fitri and the Chinese New Year, which are quite global. I'd like to know though, do you trade by technicals or incorporate them in your positions?
On a broad level anyone (incl u) might just wanna follow the seasons, see the chart attached. Just use June bottom as your SL. No doubt you'll make lesser money, but it'll be safe & worth trying.

Even* the festivals aren't 100% right, but you get a fair idea.


*Edit: Event = Even
Attached Image (click to enlarge)
Click to Enlarge Name: Golden-Seasons.png Size: 41 KB
Hello World!
  • #1,426
  • Oct 23, 2013 8:21pm Oct 23, 2013 8:21pm
Quoting ClockTrader
{quote} On a broad level anyone (incl u) might just wanna follow the seasons, see the chart attached. Just use June bottom as your SL. No doubt you'll make lesser money, but it'll be safe & worth trying. Even* the festivals aren't 100% right, but you get a fair idea. *Edit: Event = Even {image}
My equity is not that big to have a long at the current position. Also, my june low seems to be different from yours. Mine went down to 1180 before bouncing back up on a retrace.
  • #1,427
  • Oct 23, 2013 9:54pm Oct 23, 2013 9:54pm
Quoting forexer101
{quote} My equity is not that big to have a long at the current position. Also, my june low seems to be different from yours. Mine went down to 1180 before bouncing back up on a retrace.
I should have mentioned that the chart is Re-POST from Page-15 where seasons are explained.

Its usually not equity but over-greed to make more money. Any serious trader even from a third world would be able to save / beg / borrow / loan few thousand $s to make this business worth. But, most of us want to get rich overnight & want to buy/sell as much with SL like 10 - 20 $s away & make a fortune.

Do not forget that more than 90% of people lose in this business because of this over-greedy strategy.
Hello World!
  • #1,428
  • Oct 24, 2013 8:20am Oct 24, 2013 8:20am
Quoting ClockTrader
I'll carry on with my longs, might add more if I get a decent chance.

Adding to mine as well on the dips.
"The market can remain irrational longer than you can remain solvent"
  • #1,429
  • Oct 24, 2013 8:58am Oct 24, 2013 8:58am
Quoting anton.olff
{quote} Adding to mine as well on the dips.
I tried to hedge, got hit, even added longs, feel jitters to share everything I do on daily basis, kind of better to share positional calls / views on macro basis.

On broad level, sitting on longs with SLs above BE.
Hello World!
  • #1,430
  • Oct 24, 2013 9:05am Oct 24, 2013 9:05am
a great opportunity on gold, non the less we are on us session now, so ---- Unemployment Claims i don't give a ----http://www.dailyfx.com/forex_forum/i...milies/mad.png ...

technical are so strong, so good luck guys hope you ....
  • #1,431
  • Oct 24, 2013 9:05am Oct 24, 2013 9:05am
Quoting ClockTrader
{quote} I tried to hedge,
Hi. What you mean by hedge in term of gold? Open opposite positions? Or you hedge with options?
  • #1,432
  • Oct 24, 2013 9:29am Oct 24, 2013 9:29am
Quoting Super_Mario
{quote} Hi. What you mean by hedge in term of gold? Open opposite positions? Or you hedge with options?
Buy below, sell above in Forex Terminal here itself, not options.

Fortunately, they had SLs, got hit timely. Later, added longs too.
Hello World!
  • #1,433
  • Oct 24, 2013 9:35am Oct 24, 2013 9:35am
Quoting ClockTrader
{quote} Buy below, sell above in Forex Terminal here itself, not options. Fortunately, they had SLs, got hit timely. Later, added longs too.
So you mean you hedge profit (i.e. bought 1300, sold 1350 with SL 1349, locking 50 pip profit) ?
  • #1,434
  • Oct 24, 2013 9:42am Oct 24, 2013 9:42am
Quoting Super_Mario
{quote} So you mean you hedge profit (i.e. bought 1300, sold 1350 with SL 1349, locking 50 pip profit) ?
bought 1300, sold 1350 with SL 1349

the above should look like below in my terminal:

Buy 1300, SL @ 1250
Sold 1350, SL @ 1380

If it shoots, short would close hence activating the long, it gets kind of complex, very complicated sometimes when you have to manage 30 - 40 or more positions. Implement lunar charts, clock / calendar signals & on top of everything its seasons I follow.
Hello World!
  • #1,435
  • Oct 24, 2013 10:51am Oct 24, 2013 10:51am
Quoting ClockTrader
{quote} bought 1300, sold 1350 with SL 1349 the above should look like below in my terminal: Buy 1300, SL @ 1250 Sold 1350, SL @ 1380 If it shoots, short would close hence activating the long, it gets kind of complex, very complicated sometimes when you have to manage 30 - 40 or more positions. Implement lunar charts, clock / calendar signals & on top of everything its seasons I follow.
is that good to sell 1350 with stop loss 1370???
  • #1,436
  • Oct 24, 2013 11:27am Oct 24, 2013 11:27am
Quoting umair55
{quote} is that good to sell 1350 with stop loss 1370???
That was only an example I was talking about, I'm not selling or buying anything @ 1350.

If you indeed wish to buy @ 1350, use SL @ 1250, Target Jan-2014
Hello World!
  • #1,437
  • Oct 25, 2013 2:05am Oct 25, 2013 2:05am
I need ur advice please. I have short positions @ 1270. Shall I close them now or wait on the hope that Gold may go down soon?
  • #1,438
  • Edited 2:57am Oct 25, 2013 2:42am | Edited 2:57am
Quoting khafez
I need ur advice please. I have short positions @ 1270. Shall I close them now or wait on the hope that Gold may go down soon?
Hi mate! it depend on your money management!i hope you use low margin!
i think,it can go higher, but before that ,maybe it will retrace to 130x---131x

depend on my analysting ,i see gold may retest 1250 or lower ,but on November!

now, i am afrait gold can come to 1363--1375! ( not sure ) but i hope it retrace to 130x---131x first!

Please ! anyone have any advise!
  • #1,439
  • Oct 25, 2013 5:47am Oct 25, 2013 5:47am
Not been able to spend much time on these threads this week but I have open my shorts now on both gold and silver.

Gold TP 1300.
To live a successful life, we must lose our fear of being wrong
  • #1,440
  • Oct 25, 2013 5:58am Oct 25, 2013 5:58am
Quoting khafez
I need ur advice please. I have short positions @ 1270. Shall I close them now or wait on the hope that Gold may go down soon?
close.

I kill losers real quick. Much prefer to be slow when in green.
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