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Only Gold!

  • #1,561
  • Nov 12, 2013 1:13am Nov 12, 2013 1:13am
Quoting ClockTrader
{quote} I'll follow your Gold positions, but tomorrow, grinzznz My old longs have sustained so far, new longs got hit.
PA showing temporary support in current area as long as it hold I'll add more above 1300.

If TS doesn't hold by NY open then will re-assess adding new positions around 1250.
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To live a successful life, we must lose our fear of being wrong
  • #1,562
  • Nov 12, 2013 5:53am Nov 12, 2013 5:53am
Quoting EatPIPs
{quote} PA showing temporary support in current area as long as it hold I'll add more above 1300. If TS doesn't hold by NY open then will re-assess adding new positions around 1250. {image}
If this indeed falls to area somewhere around 1250 by this weekend, I think I'd like to take a break until early next month to evaluate what's going on.
Hello World!
  • #1,563
  • Nov 12, 2013 7:56am Nov 12, 2013 7:56am
Quoting ClockTrader
{quote} If this indeed falls to area somewhere around 1250 by this weekend, I think I'd like to take a break until early next month to evaluate what's going on.
I'd like to see a rally to 1,315 so I can add to my shorts.
"The market can remain irrational longer than you can remain solvent"
  • #1,564
  • Nov 12, 2013 9:52am Nov 12, 2013 9:52am
Just lowered the SL of my old 8 longs to 1220 so I can head to stress-free slumber.
Hello World!
  • #1,565
  • Nov 12, 2013 2:47pm Nov 12, 2013 2:47pm
Repost .....http://www.forexfactory.com/showthre...67#post7042567


Still holding some shorts now targeting 1200-1180-1150 long term ..let's go
  • #1,566
  • Nov 12, 2013 10:50pm Nov 12, 2013 10:50pm
Quoting rambo12
Repost .....http://www.forexfactory.com/showthre...67#post7042567 Still holding some shorts now targeting 1200-1180-1150 long term ..let's go
Glad to see you making money mate :-)
Hello World!
  • #1,567
  • Nov 12, 2013 11:12pm Nov 12, 2013 11:12pm
Quoting ClockTrader
{quote} Glad to see you making money mate :-)


Thank you ...sir ..!!!
  • #1,568
  • Nov 12, 2013 11:43pm Nov 12, 2013 11:43pm
Quoting ClockTrader
Just lowered the SL of my old 8 longs to 1220 so I can head to stress-free slumber.
Hi Clock,
I am a rookie trader with a bad case of gold fever! Had to laugh at that comment coz I have a few long gold trades making me nervous. That 1220 SL is a much better option for a good nights sleep.
Hope you don't mind if I pick your brain occasionally?
Dave
  • #1,569
  • Nov 13, 2013 1:39am Nov 13, 2013 1:39am
Quoting dave_system
{quote} Hi Clock, I am a rookie trader with a bad case of gold fever! Had to laugh at that comment coz I have a few long gold trades making me nervous. That 1220 SL is a much better option for a good nights sleep. Hope you don't mind if I pick your brain occasionally? Dave
You are welcome here mate! I'm obsessed with Gold, almost every Indian is. We love buying & investing in Gold.

On a broad level for long term investments, I like to use June bottom as buy area & sell in January, this winter season the cycles look like a little cramped, until early next month Gold appears to be invaded by bears, however, I am targeting around 1500 by Jan-2014.
Hello World!
  • #1,570
  • Nov 13, 2013 10:53pm Nov 13, 2013 10:53pm
1285.77
already break the bear channel from 30 Oct.
at least that's what I see in my chart

but I'm still wondering what direction this will be
I want to short this anyway
any thoughts or suggestions?
thx
  • #1,571
  • Nov 14, 2013 8:01am Nov 14, 2013 8:01am
Quoting lugy
1285.77 already break the bear channel from 30 Oct. at least that's what I see in my chart but I'm still wondering what direction this will be I want to short this anyway any thoughts or suggestions? thx
I am adding to my shorts. Today's higher U.S. unemployment numbers and the Yellen testimony, could push gold higher....where I look to sell into what appear to be short term rallies, liquidation of long positions and short covering. Don't think the bear is dead yet.
"The market can remain irrational longer than you can remain solvent"
  • #1,572
  • Nov 14, 2013 8:40am Nov 14, 2013 8:40am
Quoting anton.olff
{quote} I am adding to my shorts. Today's higher U.S. unemployment numbers and the Yellen testimony, could push gold higher....where I look to sell into what appear to be short term rallies, liquidation of long positions and short covering. Don't think the bear is dead yet.
The bears are certainly not dead yet, not until 5th of next month, however Forex is like a Tug of War where one has to dominate the other which results in cycles called waves or multi-week swings.

I'm going to play light, remain long for long term & of course bear the brunt of bears when going gets tough.
Hello World!
  • #1,573
  • Nov 14, 2013 8:43am Nov 14, 2013 8:43am
Quoting ClockTrader
{quote} The bears are certainly not dead yet, not until 5th of next month, however Forex is like a Tug of War where one has to dominate the other which results in cycles called waves or multi-week swings. I'm going to play light, remain long for long term & of course bear the brunt of bears when going gets tough.

If you are looking beyond the next six months, yes...long is the way to go. Despite low inflation...even deflation, and so called improving economies, the central banks of the world have set us up for another crisis, which will require additional monetary "stimulus."
"The market can remain irrational longer than you can remain solvent"
  • #1,574
  • Nov 14, 2013 9:24am Nov 14, 2013 9:24am
I would like to see a retest of 1344 before heading back south (if it were to).

For now, I am holding onto my long position and have more long orders waiting to be filled at 1300.
To live a successful life, we must lose our fear of being wrong
  • #1,575
  • Nov 14, 2013 9:28am Nov 14, 2013 9:28am
Quoting EatPIPs
I would like to see a retest of 1344 before heading back south (if it were to). For now, I am holding onto my long position and have more long orders waiting to be filled at 1300.
let's see if it reaches 1,315, and what it does from there. I will add to shorts.
"The market can remain irrational longer than you can remain solvent"
  • #1,576
  • Nov 14, 2013 9:30am Nov 14, 2013 9:30am
Quoting EatPIPs
I would like to see a retest of 1344 before heading back south (if it were to). For now, I am holding onto my long position and have more long orders waiting to be filled at 1300.
Tomorrow is going to be crucial, lets see how it goes.

Quoting anton.olff
{quote} If you are looking beyond the next six months, yes...long is the way to go. Despite low inflation...even deflation, and so called improving economies, the central banks of the world have set us up for another crisis, which will require additional monetary "stimulus."
I love all types of info & news, but, sorry to say that I never rely on economic data for my trades except trigger timings. As for time-frame, I rely on seasons. Buy in June, Sell in Jan.
Hello World!
  • #1,577
  • Nov 14, 2013 5:13pm Nov 14, 2013 5:13pm
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http://www.forexfactory.com/showthre...40#post7091440
To live a successful life, we must lose our fear of being wrong
  • #1,578
  • Nov 18, 2013 2:57am Nov 18, 2013 2:57am
Quoting ClockTrader
{quote} The bears are certainly not dead yet, not until 5th of next month, however Forex is like a Tug of War where one has to dominate the other which results in cycles called waves or multi-week swings. I'm going to play light, remain long for long term & of course bear the brunt of bears when going gets tough.
I plan to add longs on top or below my old longs somewhere between 5 - 10th of December.

Quoting ClockTrader
Just lowered the SL of my old 8 longs to 1220 so I can head to stress-free slumber.
Lowering the SL was indeed a good idea, it did bounce, now lets see how far does this bounce go?

Plan to remain long until mid of Jan, might hedge part of my longs when needed.
Hello World!
  • #1,579
  • Nov 18, 2013 12:06pm Nov 18, 2013 12:06pm
As per my analysis ..should retouch the 1272-1265 and may bounce back from that and towards 1302 and then down again ..if it breaks 1252 then double bottom ....Clock Trader Sir what do you say ?
  • #1,580
  • Nov 18, 2013 7:46pm Nov 18, 2013 7:46pm
Quoting rambo12
As per my analysis ..should retouch the 1272-1265 and may bounce back from that and towards 1302 and then down again ..if it breaks 1252 then double bottom ....Clock Trader Sir what do you say ?
Under the current cycles the Gold is certainly under tremendous pressure, but, this pressure will go off for sure by 10th of December. This is also the reason I've not been building longs lately, but will definitely add by 10th of next month.

I do see some upside this week, currently @ 1271, may touch above 1300 to hit the seller before it re-starts the downward journey. Time is the key, I'll follow it. I'll remain invested in longs until Jan.
Hello World!
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