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Only Gold!

  • #2,901
  • Mar 2, 2014 8:45pm Mar 2, 2014 8:45pm
Quoting anton.olff
{quote} Agreed. Short term, potentially 1350-1410 as a reaction to Russia-Ukraine news, especially if bullets start flying. Indeed, this will be a volatile week due to current events, and news from China, ECB and U.S. NFP. I plan to "keep my powder dry" in anticipation of volatility and take advantage of sharp price action with scalps. Longer term, I see gold coming back to earth to 1250 as the taper will most likely NOT be tapered, so if volatility takes price action to the above levels, I will add shorts.
If your analysis says Go Short, I say "Sell" BUT BUT, make sure you don't transgress Money Management (MM) rules. I am a well wisher of yours here dude. I want to see you making money.

I would also suggest you to do tons of back testing.

PS: My view of going long was a good idea.
Hello World!
  • #2,902
  • Mar 2, 2014 9:55pm Mar 2, 2014 9:55pm
Quoting Spec_And
Thousands of contracts dumped but price isn't moving down much, very strange price action...
If you go by my theory, mentioned this numerous times before, IF tons of long positions are closed, the price should move up.

Can you pin point the source of your data at CME site?
Hello World!
  • #2,903
  • Mar 2, 2014 10:10pm Mar 2, 2014 10:10pm
Quoting Nitsan_Levi
{quote} {quote} {quote} see pic ^ LIKE I SAY PRICE NOW VERY CLOSE TO SMA800 IN PRICE 1355 I WILL CLOSE 80% of the postion and wait for 1390 (daily sma300) for close all *****I do not get comments on my posts and its not fun like this... Someone follow my posts ? If this is unnecessary, I will stop raising {image}
hi all - first time posting in this forum

Nitsan - your ability to pick direction is v good, using just some SMAs, especially the use of 300 and the 400. I was following your posts and noted that your calls were based on a 5 min period - however, for your last call to 1355 refers to 8 hour chart, even though the 5 min and even 1 hour and four hour charts point to the other direction (given that all SMAs 200 and up are below the PA)

could you please elaborate on how you pick the time period, for example why 8 hour for your 1355 target and not 1 hour, 4 hour, or 5 minute charts.

thanks
  • #2,904
  • Mar 2, 2014 11:38pm Mar 2, 2014 11:38pm
Solid Day support @ 1332, lets see if this can hold & if upward can continue.
Hello World!
  • #2,905
  • Mar 3, 2014 12:35am Mar 3, 2014 12:35am
Hi Nitsan, i too am using a few moving averages in my chart but none like yours, would like to know more about your moving averages usage in different time frame, would u consider telling it to me/us?..
Hi Clock Trader, your ability to use ancient festivals and auspicious events/dates for entry and exits truly amaze me too.. would like to see some more of your posts with regards to this if u dun mind..
to nitsan, i dun exactly follow whatever is posts here as i have my own strategy for entry and exits but your posts, eat pips, clock trader and some others has helped me learn to be more "vigilant" in my daily trading even though its been close to 4 years that i am trading full time.. believe me, before this forum.. i am "fighting" this "war" alone, but with this forum, its like reinforcements from every angle, if u know what i mean.. thank u all..
  • #2,906
  • Mar 3, 2014 12:49am Mar 3, 2014 12:49am
Quoting Nitsan_Levi
{quote} {quote} {quote} see pic ^ LIKE I SAY PRICE NOW VERY CLOSE TO SMA800 IN PRICE 1355 I WILL CLOSE 80% of the postion and wait for 1390 (daily sma300) for close all *****I do not get comments on my posts and its not fun like this... Someone follow my posts ? If this is unnecessary, I will stop raising {image}
trading light today: took a small short @1345 targeting 1332, will take more shorts on top.. am scalping today amidst all of the bullishness...
  • #2,907
  • Mar 3, 2014 1:19am Mar 3, 2014 1:19am
it's break higher just before UK open
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  • #2,908
  • Mar 3, 2014 2:37am Mar 3, 2014 2:37am
Quoting ozboy
it's break higher just before UK open {image}
I'm sure the moves since re-opening have take the Britons & other Europeans by surprise. They wake up.. & see a rocket like thing on their screens, lolz,

Quoting VonBoyan
Hi Nitsan, i too am using a few moving averages in my chart but none like yours, would like to know more about your moving averages usage in different time frame, would u consider telling it to me/us?.. Hi Clock Trader, your ability to use ancient festivals and auspicious events/dates for entry and exits truly amaze me too.. would like to see some more of your posts with regards to this if u dun mind.. to nitsan, i dun exactly follow whatever is posts here as i have my own strategy for entry and exits but your posts, eat pips, clock trader and some...
You are most welcome here dude. You can mingle with us all here. You might wanna check Page-14 of this thread, link below (earlier this was on Page-15) Its about Golden Seasons, additionally, you might wanna follow Lunar Cycles & see if these fit in your strategy.

http://www.forexfactory.com/showthre...87#post6779087
Hello World!
  • #2,909
  • Mar 3, 2014 2:39am Mar 3, 2014 2:39am
I move stoploss to new structure and let it be. Still expect corrective move at least to 61.8% or even 50% ( 1332~1335 level) for long position
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  • #2,910
  • Mar 3, 2014 2:44am Mar 3, 2014 2:44am
Quoting ClockTrader
{quote} Firstly, Thanks to both of you for being around & sharing your precious views. From a scientific point of view, if you go back in history & try buying in May-June-July & sell in January-February, try this every year, it will make tons of sense, trust me, you'll make money. This is apparently an investor's view. You can't buy once with SL 20 $s away & think its over. I can't share the Astro-lunar side as I have found no one here so far to share it with. If I say the details, it'll be like speaking alien language. As far as the bull course...
Hi ClockTrader,
is there anything to do with the Secret calendar of Wallstreet bro?
Inserted Video
  • #2,911
  • Mar 3, 2014 2:44am Mar 3, 2014 2:44am
Quoting ozboy
I move stoploss to new structure and let it be. Still expect corrective move at least to 61.8% or even 50% ( 1332~1335 level) for long position {image}
You may have to wait for a day or few IF the price indeed plans to reach 1332-35 level.
Hello World!
  • #2,912
  • Mar 3, 2014 2:51am Mar 3, 2014 2:51am
Quoting ClockTrader
{quote} You may have to wait for a day or few IF the price indeed plans to reach 1332-35 level.
In this case, where should you think to load more long for maximise this run uphill ?
  • #2,913
  • Mar 3, 2014 2:52am Mar 3, 2014 2:52am
Quoting Nitsan_Levi
{quote} {quote} {quote} see pic ^ LIKE I SAY PRICE NOW VERY CLOSE TO SMA800 IN PRICE 1355 I WILL CLOSE 80% of the postion and wait for 1390 (daily sma300) for close all *****I do not get comments on my posts and its not fun like this... Someone follow my posts ? If this is unnecessary, I will stop raising {image}
Hello Nitsan Levi
I have been following Your posts from the beginning and I am sure other traders have done as well.
Please keep posting Your results are excellent
I am new in this Forum no experience on trading Gold so I cannot really say much. I wish I could understand more Your system how really works with all those MA and different time frames. At the beginning I thought You were only trading on short TF but now I believe that it is just a little more complicated than that.
I guess it will be too much to ask what kind of strategy You use or how You reach Your analysis. I am sure it has to do with a lot of experience and ability on Your part.
Have a good day trading and thanks for Your last suggestion given yesterday
Pity I did this trade in a demo account....Take care Ralfy
  • #2,914
  • Mar 3, 2014 2:57am Mar 3, 2014 2:57am
Quoting ozboy
{quote} Hi ClockTrader, is there anything to do with the Secret calendar of Wallstreet bro? http://www.youtube.com/watch?v=-Iyyy-mMDmw
This is a pretty long video, watched 10 min so far & it looks similar to my Golden Seasons. My seasonal funda is simple & Free for all, no bells or whistles, no blah blah, no BS & its well said in my signature, check the chart att. My Crude Oil research matches their advise too.

PS: I've been doing tremendous research & the Golden Seasons is no doubt a perfect thing to follow, but, I've discovered 10 times better seasons, keep watching =)
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Hello World!
  • #2,915
  • Mar 3, 2014 3:00am Mar 3, 2014 3:00am
Quoting ozboy
{quote} In this case, where should you think to load more long for maximise this run uphill ?
I can't exactly predict prices in most cases, but, dates & times which I have stated already, I'll keep sharing what I conclude.

PS: Please be informed that most of my work is still in research phase (even after 8 yrs)
Hello World!
  • #2,916
  • Mar 3, 2014 3:22am Mar 3, 2014 3:22am
gold heading for 1381 usd
  • #2,917
  • Mar 3, 2014 3:46am Mar 3, 2014 3:46am
Quoting ClockTrader
{quote} This is a pretty long video, watched 10 min so far & it looks similar to my Golden Seasons. My seasonal funda is simple & Free for all, no bells or whistles, no blah blah, no BS & its well said in my signature, check the chart att. My Crude Oil research matches their advise too. PS: I've been doing tremendous research & the Golden Seasons is no doubt a perfect thing to follow, but, I've discovered 10 times better seasons, keep watching =) {image}
I assume that we base on the Golden Seasons, we know the general trend of specific period of time: trend starting from June and ending by January.
So if we could find the peak and the trough ? for further research, may it related on Fibonacci sequence? banking operation? gold fund activity?
of course, we need technical analysis to have reasonable entry.
  • #2,918
  • Mar 3, 2014 3:53am Mar 3, 2014 3:53am
Quoting EatPIPs
{quote} Based on my opinion, if your looking for a corrective move, it will be after this week.
hi EatPips, nice quote.. i kinda agree with that, but i also kinda start light shorts today too.. as i think that last friday down move has not ended and today's rise id because of weekends news of ukraine problem.. overall, before NFP this fri, i would be scalping both long and short around these region (1331 - 1350) area.. hope it works.. p/s like your post everytime dude.. cheers!!
  • #2,919
  • Mar 3, 2014 4:06am Mar 3, 2014 4:06am
Quoting ClockTrader
{quote} I'm sure the moves since re-opening have take the Britons & other Europeans by surprise. They wake up.. & see a rocket like thing on their screens, lolz, {quote} You are most welcome here dude. You can mingle with us all here. You might wanna check Page-14 of this thread, link below (earlier this was on Page-15) Its about Golden Seasons, additionally, you might wanna follow Lunar Cycles & see if these fit in your strategy. http://www.forexfactory.com/showthre...87#post6779087
believe it or not, thats exactly my sentiments (techs aside) when i started short scalp at 1350 area.. took 4 shorts and closed 3 with profits, left 1 with SL to BE and TP at 1342 area.. thank god!! again, tech's aside, i was thinking like, when london opened just now, they would probably be saying.. woow woow woow.. hold on to your horses, come down a little and let us take a ride too".. hehehe.. currently, am looking for a reason to go long,
sorry for the "joke" but that was actually on my mind when gold started to break the 1346 area (expected it to be a double top formation though)..
  • #2,920
  • Mar 3, 2014 4:42am Mar 3, 2014 4:42am
I see massive bearish divergence (MACD) on the daily chart of gold. I am not confident this move up is more than a knee-jerk reaction to geo-political moves seen over the weekend in regards to Ukraine. It seemed the end of the week last week might be more telling about the strong pressure to sell gold.

I could be wrong, but I won't be surprised if we see a strong sell-off this week pushed by economic news that strengthens the dollar.

Thoughts?? I'm learning gold after trading forex for years. I like gold better because of PA, but I need more guidance from experienced traders like the great ones here.
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