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Only Gold!

  • #2,141
  • Jan 26, 2014 8:44pm Jan 26, 2014 8:44pm
Quoting ClockTrader
Long doesn't fit in my strategy at this point & it doesn't appear to have peaked out yet, Grrrrrr!
You might be right. It has been a nice $100 re-tracement from the low on December 31st. Could run up higher. I've added my last short and I am going to ride this movement out, which I suspect, has been caused by the turmoil in emerging markets...China, Turkey, etc....as well as mixed U.S. numbers, seasonal demand and perhaps some hedging and/or short covering. I think the odds are that once the U.S. numbers come in a bit better, and tapering is the subject du jour of the day, gold will likely continue on trend towards 1,000.
"The market can remain irrational longer than you can remain solvent"
  • #2,142
  • Jan 26, 2014 11:41pm Jan 26, 2014 11:41pm
Quoting anton.olff
{quote} You might be right. It has been a nice $100 re-tracement from the low on December 31st. Could run up higher. I've added my last short and I am going to ride this movement out, which I suspect, has been caused by the turmoil in emerging markets...China, Turkey, etc....as well as mixed U.S. numbers, seasonal demand and perhaps some hedging and/or short covering. I think the odds are that once the U.S. numbers come in a bit better, and tapering is the subject du jour of the day, gold will likely continue on trend towards 1,000.
Nevertheless, I remain inclined towards shorts. I can play light, place SL far away, a lot lesser shorts.
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Hello World!
  • #2,143
  • Jan 27, 2014 8:52am Jan 27, 2014 8:52am
I closed a few shorts for profit, which might have been premature. Gold looks likely to revert to the mean of 1245-1250 before FED news this week.
"The market can remain irrational longer than you can remain solvent"
  • #2,144
  • Jan 27, 2014 8:55am Jan 27, 2014 8:55am
Quoting anton.olff
I closed a few shorts for profit, which might have been premature. Gold looks likely to revert to the mean of 1245-1250 before FED news this week.
I will not close, would risk all the floating profit.
Hello World!
  • #2,145
  • Jan 27, 2014 9:04am Jan 27, 2014 9:04am
ClockTrader can I ask the indicator used by you to decide the trade?
  • #2,146
  • Jan 27, 2014 9:21am Jan 27, 2014 9:21am
Quoting ClockTrader
{quote} I will not close, would risk all the floating profit.
I understand. U.S. New Home sales was not good, so we could see another price bump....and which point, I will add more shorts again. Not likely taper will be going away, and I expect that to be the big market mover.
"The market can remain irrational longer than you can remain solvent"
  • #2,147
  • Jan 27, 2014 9:25am Jan 27, 2014 9:25am
Quoting almaszhr
ClockTrader can I ask the indicator used by you to decide the trade?
I'm curious too, gold was able to breach its Dec highs with minimal retracement, that looks like strength to me.
"Where you want to be is always in control, never wishing, always trading.
  • #2,148
  • Jan 27, 2014 10:05am Jan 27, 2014 10:05am
Quoting almaszhr
ClockTrader can I ask the indicator used by you to decide the trade?
Quoting Spec_And
{quote} I'm curious too, gold was able to breach its Dec highs with minimal retracement, that looks like strength to me.
First Post of this thread might explain it.

PS: Its updated often.
Hello World!
  • #2,149
  • Jan 27, 2014 7:07pm Jan 27, 2014 7:07pm
Quoting ClockTrader
{quote} I will not close, would risk all the floating profit.
Preparations done, just in case it goes mad & bounces back to 1280, won't close shorts, not yet.
Hello World!
  • #2,150
  • Jan 27, 2014 8:27pm Jan 27, 2014 8:27pm
I too am holding on to my positions! lets head south a lil more shall we?
  • #2,151
  • Jan 27, 2014 9:39pm Jan 27, 2014 9:39pm
Quoting sparcusfx
I too am holding on to my positions! lets head south a lil more shall we?
What are your positions & SL?
Hello World!
  • #2,152
  • Jan 27, 2014 9:50pm Jan 27, 2014 9:50pm
Today Is A New Day. You Will Get Out Of It's Just What You Put Into It. If You Have Made Mistakes, There Is Always Another Chance For You. And Supposing You Have Tried And Failed Again And Again, You May Have A Fresh Start Any Moment You Choose, For This Thing We Call 'Failure' Is Not The Falling Down, But The Staying Down.


Source: http://www.searchquotes.com/search/T...s_Another_Day/
Hello World!
  • #2,153
  • Jan 27, 2014 9:55pm Jan 27, 2014 9:55pm
Well, you shorting? These two days tapering will move gold chaotically. Also 1280 happened because gold china data about purchases from Hong Kong to mainland china in 2013. I look to get 1300.
  • #2,154
  • Jan 27, 2014 10:37pm Jan 27, 2014 10:37pm
Quoting vaidas7777
Well, you shorting? These two days tapering will move gold chaotically. Also 1280 happened because gold china data about purchases from Hong Kong to mainland china in 2013. I look to get 1300.
Yes mate, I am. I am selling, selling hard, but in a safe & smart way. I do not rule out a climb from 125x range, but I'll go with my technicals which say Short, short now & that's what I've been doing. Hey, some of my shorts hit SL a few days back, Damn!

So, what about you? Have you been buying lately?
Hello World!
  • #2,155
  • Jan 28, 2014 12:46am Jan 28, 2014 12:46am
Quoting ClockTrader
{quote} What are your positions & SL?
Shorted 2 positions at 1268.92

Pos.1 closed one out at 1235.73
Pos.2 bouncing up n down up n down lol.. let her ride it out for a while. still in trend range.

SL 1282.00 for the time being.

  • #2,156
  • Jan 28, 2014 3:18am Jan 28, 2014 3:18am
Quoting ClockTrader
{quote} {quote} First Post of this thread might explain it. PS: Its updated often.
Thanks for reply. Do you post daily signals too?
  • #2,157
  • Jan 28, 2014 4:00am Jan 28, 2014 4:00am
Quoting almaszhr
{quote} Thanks for reply. Do you post daily signals too?
I just post my views here.
Hello World!
  • #2,158
  • Jan 28, 2014 4:31am Jan 28, 2014 4:31am
Quoting sparcusfx
{quote} Shorted 2 positions at 1268.92 Pos.1 closed one out at 1235.73 Pos.2 bouncing up n down up n down lol.. let her ride it out for a while. still in trend range. SL 1282.00 for the time being.
Your figures don't convince me, you sell at 1268 then closed one @ 1235?

Take a look at charts and/or check your figures mate.
Hello World!
  • #2,159
  • Jan 28, 2014 9:56am Jan 28, 2014 9:56am
Quoting ClockTrader
{quote} Yes mate, I am. I am selling, selling hard, but in a safe & smart way. I do not rule out a climb from 125x range, but I'll go with my technicals which say Short, short now & that's what I've been doing. Hey, some of my shorts hit SL a few days back, Damn! So, what about you? Have you been buying lately?
Nothing like exciting so far, but, I think I can live with slow & sluggish fall as long as it does not bounce back to 126x range.
Hello World!
  • #2,160
  • Jan 28, 2014 10:21am Jan 28, 2014 10:21am
Quoting ClockTrader
{quote} Nothing like exciting so far, but, I think I can live with slow & sluggish fall as long as it does not bounce back to 126x range.
Good luck bud. I am holding my longs and adding to them on the pullbacks.
To live a successful life, we must lose our fear of being wrong
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