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Only Gold!

  • #1,961
  • Dec 30, 2013 5:07am Dec 30, 2013 5:07am
Quoting teru74
{quote} Hi, ClockTrader I've been reading your opinions on Gold... and really appreciate it~ And in the post above, you said you're gonna test some longs from now on at around 1200 with SL @ 1290-95... but I think you meant 1190-95... right? Thanks, mate~
You right mate, typos Grrrrr!

I'm leaving longs & shorts open, lets see what survives, could be small range.
Hello World!
  • #1,962
  • Dec 30, 2013 2:50pm Dec 30, 2013 2:50pm
Looks like late day sell off will continue.
"The market can remain irrational longer than you can remain solvent"
  • #1,963
  • Dec 30, 2013 8:50pm Dec 30, 2013 8:50pm
Quoting anton.olff
Looks like late day sell off will continue.
People are supposed to be buying so that it can fall. Agree with fall to continue.. Test Longs blew up, closed the remainder longs, inclined towards shorts.
Hello World!
  • #1,964
  • Dec 30, 2013 9:01pm Dec 30, 2013 9:01pm
Hey, I'm new to the thread but I have been following for a while as a non-member. I decided its time to start contributing. Here is my $0.02. I uploaded my 4-hour chart.

I would wait for a more concrete signal before I start buying or selling. I am biased towards shorting, however, I'll wait until I see another bearish candle formation around this area of support/resistance before getting into another trade.

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  • #1,965
  • Dec 31, 2013 1:43am Dec 31, 2013 1:43am
Quoting odsmith
Hey, I'm new to the thread but I have been following for a while as a non-member. I decided its time to start contributing. Here is my $0.02. I uploaded my 4-hour chart. I would wait for a more concrete signal before I start buying or selling. I am biased towards shorting, however, I'll wait until I see another bearish candle formation around this area of support/resistance before getting into another trade. {image}
You are welcome & thanks for your contribution.

> I am biased towards shorting, however, I'll wait until I see another bearish candle formation around this area of support/resistance before getting into another trade.

----> Another bearish candle on 4H chart? Is that based on hunch/calc or time / clock based signal?
Hello World!
  • #1,966
  • Dec 31, 2013 4:41am Dec 31, 2013 4:41am
Done with shorts, for now at least.

Re-Testing Re-Trying Longs around 1201, SL @ 1190 - 1194

Hello World!
  • #1,967
  • Dec 31, 2013 7:52am Dec 31, 2013 7:52am
Quoting ClockTrader
Done with shorts, for now at least. Re-Testing Re-Trying Longs around 1201, SL @ 1190 - 1194
Test longs Blown :-(
Hello World!
  • #1,968
  • Dec 31, 2013 7:54am Dec 31, 2013 7:54am
Well, that was a nice ride south. A yearly low...and I just happened to be in front of my terminal...and took profits a bit earlier, and higher than I had planned. Up nicely for the month, and the year as well.

Happy New Year everyone....and to paraphrase Scarlett O'Hara, "Tomorrow is another year"
"The market can remain irrational longer than you can remain solvent"
  • #1,969
  • Dec 31, 2013 8:17am Dec 31, 2013 8:17am
I was basing my predictions off of the daily chart trend and my indicators on the 4hr charts. All were indicating a strong sell.
  • #1,970
  • Dec 31, 2013 8:20am Dec 31, 2013 8:20am
Quoting anton.olff
Well, that was a nice ride south. A yearly low...and I just happened to be in front of my terminal...and took profits a bit earlier, and higher than I had planned. Up nicely for the month, and the year as well. Happy New Year everyone....and to paraphrase Scarlett O'Hara, "Tomorrow is another year"
Very GLAD you made money :-)
Hello World!
  • #1,971
  • Dec 31, 2013 8:28am Dec 31, 2013 8:28am
Quoting ClockTrader
{quote} Very GLAD you made money :-)

Thanks. In some ways, making money gets easier...and in other ways, more difficult.

Wish the best for next year.
"The market can remain irrational longer than you can remain solvent"
  • #1,972
  • Dec 31, 2013 9:01am Dec 31, 2013 9:01am
Wish you all a Very Happy New Year 2014


May the New Year bring you tons of money in the form of loads of pips. The show goes on, Gold CMP @ 1205
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Hello World!
  • #1,973
  • Dec 31, 2013 1:44pm Dec 31, 2013 1:44pm
Hope all are doing well ...only one more sell off ahead ...it takes straight to 1155 ( next bottom ) ... where I will buy the dips to ... 1300++ and even more ..I will update anyhow ....good day ..AND Happy New Year to All of you
  • #1,974
  • Jan 1, 2014 8:49am Jan 1, 2014 8:49am
Quoting rambo12
Hope all are doing well ...only one more sell off ahead ...it takes straight to 1155 ( next bottom ) ... where I will buy the dips to ... 1300++ and even more ..I will update anyhow ....good day ..AND Happy New Year to All of you
I will do just the opposite and will sell on the rallies. If gold does not rally beyond 1250...especially next month with increased demand in Asia...then more likely the current trend will continue towards 1,000, or even lower. At some point, inflation (or at least inflation based upon the current method of measuring inflation) will increase, and then is when gold and silver will turn around.
"The market can remain irrational longer than you can remain solvent"
  • #1,975
  • Jan 1, 2014 8:03pm Jan 1, 2014 8:03pm
Quoting anton.olff
{quote} I will do just the opposite and will sell on the rallies. If gold does not rally beyond 1250...especially next month with increased demand in Asia...then more likely the current trend will continue towards 1,000, or even lower. At some point, inflation (or at least inflation based upon the current method of measuring inflation) will increase, and then is when gold and silver will turn around.
Quoting rambo12
Hope all are doing well ...only one more sell off ahead ...it takes straight to 1155 ( next bottom ) ... where I will buy the dips to ... 1300++ and even more ..I will update anyhow ....good day ..AND Happy New Year to All of you
I took two long test hits, therefore, I'm gonna play silent for a while. Posting each thing I do can be distractive for my & fella members' psychology too.

The best way to share would be to go with Trade Explorer, prolly sometime in Mar or latest by June this year.
Hello World!
  • #1,976
  • Jan 1, 2014 9:07pm Jan 1, 2014 9:07pm
I haven't placed any futures trades recently, but did buy bullion both gold and silver. Reaching the lows end of year, couldn't resist.

I think the upward movement we are seeing now could be just a corrective phase as gold fell towards the low. Then again, if not, after a drop of 30% a buy on pullbacks makes sense.

I'm torn on a paper trade because gold is one of those things that only need a particular catalyst to jump in a given direction. A move to 1270 still makes sense technically.
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When the facts change I change my mind, what do you do sir
  • #1,977
  • Jan 1, 2014 9:45pm Jan 1, 2014 9:45pm
was lucky to enter @ 1210, putting SL 1200, if I am stopped at this level, I would strongly doubt the legitimacy of it

I am certain there will be a double or even tripple test of 1215 level
  • #1,978
  • Jan 1, 2014 9:58pm Jan 1, 2014 9:58pm
Quoting Ulterior
was lucky to enter @ 1210, putting SL 1200, if I am stopped at this level, I would strongly doubt the legitimacy of it I am certain there will be a double or even tripple test of 1215 level
I do think this is a pullback, but I can see the lows further tested to see if it breaks. Note that these moves happened all year long. Gold would decline $100, and then pop up $50 on "physical demand" while still trending lower.

HOWEVER, the move up may be extended. Tuesday gold was down $20+ to breakeven plus $6 or $7.
When the facts change I change my mind, what do you do sir
  • #1,979
  • Jan 1, 2014 10:09pm Jan 1, 2014 10:09pm
Quoting Pip Anon
{quote} I do think this is a pullback, but I can see the lows further tested to see if it breaks. Note that these moves happened all year long. Gold would decline $100, and then pop up $50 on "physical demand" while still trending lower. HOWEVER, the move up may be extended. Tuesday gold was down $20+ to breakeven plus $6 or $7.
what can you expect from a cornered market, those thilfy showoffs drove the price to the very end of 2013 just to put it a label on it - a record decline.
  • #1,980
  • Jan 1, 2014 10:28pm Jan 1, 2014 10:28pm
Quoting Ulterior
{quote} what can you expect from a cornered market, those thilfy showoffs drove the price to the very end of 2013 just to put it a label on it - a record decline.
Well I think institutions will keep it down until it no longer serves their purpose. Paper products is what is keeping gold down. London and Comex vaults are near empty. Someone's buying the physical while selling paper.
When the facts change I change my mind, what do you do sir
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