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  • #3,661
  • Mar 16, 2014 4:44am Mar 16, 2014 4:44am
Can anyone update me about the short term future for Gold. Will it be going up or take the reverse pattern. As we have observed when there is a tension between US and Syria price of Gold goes higher and after the tension was released Gold goes down again.
  • #3,662
  • Mar 16, 2014 5:09am Mar 16, 2014 5:09am
Quoting Nitsan_Levi
{quote} Make profit it the most important in this business. I take profit in SHORT in the GOLD and you laugh on me.,,, And now you say you take short...so if you was in short why you laugh?? And guees what...price end in 15min Gartley patterm for short and SMA64 Weekly....so its want take alot of time that price will fall ... "manilaguy" call me crazy because "I can't believe you are shorting when it is obviously very bullish" and you laugh so say and laugh as mutch as you want , I take profit and...

Nitsan.. You are a very good technician at reading charts. And you are 100% correct that making a profit is the most important thing to do in this business. Thanks to you I am starting to take a closer look at the gartley pattern.

In your view are their any patterns that you think have stronger follow through than others?

Also, what is your view in regards to the whole Russia, Crimea situation and how it could possibly rile the markets?
Luck has no place in trading. Leave that for the poker table.
  • #3,663
  • Mar 16, 2014 5:24am Mar 16, 2014 5:24am
Quoting Nitsan_Levi
{quote} Make profit it the most important in this business. I take profit in SHORT in the GOLD and you laugh on me.,,, And now you say you take short...so if you was in short why you laugh?? And guees what...price end in 15min Gartley patterm for short and SMA64 Weekly....so its want take alot of time that price will fall ... "manilaguy" call me crazy because "I can't believe you are shorting when it is obviously very bullish" and you laugh so say and laugh as mutch as you want , I take profit and...
Look, when you were saying go short, the price was at 1374 and still going up, that is why it made no sense.

I have no problem with someone going short, but at the time it was a dumb call. Good luck to you if you make money, that's what we are all here for but there is no need to throw your toys from the pram just because you were wrong.

And when you were advising people to go short I said
Quoting manilaguy
Disagree, I think it will hit 1380 and hover around the 1382 mark for a while.
and guess what, that is exactly what happened.
No big deal, you were wrong you just need to man up and admit it.

Peace.
  • #3,664
  • Mar 16, 2014 5:48am Mar 16, 2014 5:48am
Quoting manilaguy
{quote} Look, when you were saying go short, the price was at 1374 and still going up, that is why it made no sense. I have no problem with someone going short, but at the time it was a dumb call. Good luck to you if you make money, that's what we are all here for but there is no need to throw your toys from the pram just because you were wrong. And when you were advising people to go short I said {quote} and guess what, that is exactly what happened. No big deal, you were wrong you just need to man up and admit it. Peace.
I have no problem admitting I was wrong
No one is right 100%
But I was not wrong
Price didnt get my stop
Every short I enter was fine... I stick to my system and my system say shot so I short...and I make money from my short so it cant be "dumb" call as you say
And even if its get to my stop its cant be "dumb call" becuse this call is a call from a very good system.
A "dumb call" can only be if there is no strong technical stuff behind it
And in this short was TRENDLINE+FIBO161.8 +SMA300 +CANDLE STICK PATTERM so its never can call a "dumb call"
GL HF
  • #3,665
  • Mar 16, 2014 6:06am Mar 16, 2014 6:06am
Quoting Nitsan_Levi
{quote} I have no problem admitting I was wrong No one is right 100% But I was not wrong Price didnt get my stop Every short I enter was fine... I stick to my system and my system say shot so I short...and I make money from my short so it cant be "dumb" call as you say And even if its get to my stop its cant be "dumb call" becuse this call is a call from a very good system. A "dumb call" can only be if there is no strong technical stuff behind it And in this short was TRENDLINE+FIBO161.8 +SMA300 +CANDLE STICK PATTERM so its never can call a "dumb...

Dude
FWIW, I dont think you should worry about people like this criticizing your work. In this business, no one is right all the time. Your charts and analysis are intelligent, and that's what matters the most, this is a business of probabilities, not certainties...
Unlike many other people on most threads, at-least you have the courage to publish your views, and publish trading ideas, rather than just following a herd mentality, which opens you (and everyone else who publishes charts) up to criticism from "followers" who often, have nothing original to say...
they find it easier to talk smack when your ideas dont work out, but they contribute nothing of value...
I support your work 100%, and I think you're a good analyst, and look forward to reading more of your work
cheers
90% of people, are wrong about 90% of everything, 90% of the time...
  • #3,666
  • Mar 16, 2014 6:26am Mar 16, 2014 6:26am
some interesting observations on gold on this guys blog, link to this story is attached, there are more recent entries as well on the site...

Hedge Fund Short Covering in Gold is the Story
http://traderdannorcini.blogspot.com/2014/03/hedge-fund-short-covering-in-gold-is.html

This story simply will not die as it keep happening - hedge funds continue to cover short positions to an extent far surpassing the amount of fresh, new buying that they are doing.
Last week they covered ( closed out) 4,675 short positions. This week they outdid themselves as they covered a whopping 5,248 shorts made up of both futures and option positions! On the long side, they actually reduced their exposure by some 482 contracts. It is too bad that we cannot see what occurred from Wednesday through Friday. My view is that today's strong rally through overhead chart resistance further cleaned out some more of their short positions in a big way.
Let's again put this in perspective - at the start of this year, the hedgies were sitting with a total of 72,571 outright short positions, futures and options combined. As of this past Tuesday, that number has shrunk to a mere 21,073 or a reduction of 51,498 shorts.
Over this same period, the number of outright longs has increased from 106,675 to its current number of 144,080, for an increase of 37,405 futures and options positions.
Again, the clear driver for gold this year has thus far been short covering as the dominant feature among the biggest specs on the planet.
90% of people, are wrong about 90% of everything, 90% of the time...
  • #3,667
  • Mar 16, 2014 6:26am Mar 16, 2014 6:26am
Quoting Nitsan_Levi
{quote} I have no problem admitting I was wrong
But I was not wrong
  • #3,668
  • Mar 16, 2014 6:28am Mar 16, 2014 6:28am
Quoting ClockTrader
Few Rules: No Jacking or Fights or blame games. Only Neutral sharing of your views & positions if you feel like. Please publish chart / theory to support your call / view. Please share only GOLD related news, views, charts & positions etc. I take ANCIENT festivals of India, Lunar cycles & Golden Seasons as entry & exit/hedge points. Golden Seasons i.e. Buy in June, Sell by/in Jan proven on Page 15 of this thread, last 10 years will vouch for me. Dear Rookies, no noise please. No offense to anyone Plz don't ask me the details of my trading systems....

i think rally in gold will not prevail ,again gold should follow its long term trend down trend.
  • #3,669
  • Mar 16, 2014 7:49am Mar 16, 2014 7:49am
things that make you go "hmm" (aka: wag the dog)

via forexlive.com:
China to winden yuan trading band
17 hours ago | March 15th, 2014 19:38:55 GMT by
China’s slow grind toward a market-based economy continues with an announcement on Saturday that China will widen the yuan trading band to 2% on either side of the daily reference rate from 1%. The band had previously been widened in 2007 and 2012.
I don’t expect this to have an impact on markets on Monday but it’s a sign that it won’t be too long before FX traders have CNY on their screens.

Chinese Yuan vs Gold
Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: CNH vs Gold Weekly 03.16.14.png Size: 32 KB
90% of people, are wrong about 90% of everything, 90% of the time...
  • #3,670
  • Edited 8:40am Mar 16, 2014 7:58am | Edited 8:40am
Hi there fellas,

I am glad that my research and studies have reached a phase where I can gladly say that my foundation has matured to a nice level. I am quite satisfied with my technical analysis. I can do back test, go back in time and nothing seems to be going beyond the scope of my Au-Analytics. While my research and studies will continue to evolve, I really expect to do some good things in future.

I still find it hard to believe that even 7 yrs. back when I joined FF I had this vision that timing (key hrs.) would have a lot to do with my analysis.. heck, I was kinda noob, hardly knew anything. Seasons and similar stuff got added and that's it, nothing new. All this ideology is obviously the reason behind my handle: "ClockTrader", its about timing after all, anybody would dis-agree (edit *) regardless of what system you follow.

I got over 6 demo accounts for practice, been trading them without applying a separate strategy for each. All are green. The one in red belongs to a friend. I took this challenge to fix it, in order to hone my skills, not sure where it'll go, but, its worth trying.

In the next few months, I might add more accounts (already a lot greener). Right now, I need to apply a different strategy to each account. The core of each strategy revolves around Daily Clock Band, Golden Seasons, key hrs etc. You all know what I follow. I never trade news, love news/info though.

I am always open to learn, if you think you have a good system to follow, study or share, feel free to message me.

PS: I would continue to post as less as possible as stated earlier for obvious reasons (and first post; edited often).

Good luck to you all!
Attached Image
Hello World!
  • #3,671
  • Mar 16, 2014 11:38am Mar 16, 2014 11:38am
Quoting ClockTrader
I never trade news, love news/info though. I am always open to learn, if you think you have a good system to follow, study or share, I would continue to post as less as possible as stated earlier for obvious reasons (and first post; edited often). Good luck to you all! {image}


explorer......


Keep doing it. Good luck !
  • #3,672
  • Mar 16, 2014 12:30pm Mar 16, 2014 12:30pm
Quoting Nitsan_Levi
{quote} I have no problem admitting I was wrong No one is right 100% But I was not wrong Price didnt get my stop Every short I enter was fine... I stick to my system and my system say shot so I short...and I make money from my short so it cant be "dumb" call as you say And even if its get to my stop its cant be "dumb call" becuse this call is a call from a very good system. A "dumb call" can only be if there is no strong technical stuff behind it And in this short was TRENDLINE+FIBO161.8 +SMA300 +CANDLE STICK PATTERM so its never can call a "dumb...
Hey Nitsan, just take a breather and relax a little while.. and just continue with whatever u are doing.. i have been trading full time for almost 4 years after coming out from being a trader for a large financial institution for so many years..and same like u, i too believe that making money is the most important thing in forex trading.. dun worry if anybody say u are wrong or right.. at the end, its our account that is filled with cash.. not other ppl's account.. that is more important.. same as u, i finally closed my longs from 1190 and 1280 at 1380 area last friday...
why?.. because my system said so and i follow my ssytem and not anybody can force me not to hold...
there was a few ppl that i dun recognize who message me who told me after i post that i closed my longs on friday saying the market will go up, why so stupid of me to close my long.. i just ignored it but since i am online right now, might as well i tell my reasons..
also. this thread only show words but did not show feelings.. maybe that trader who laugh at u is only joking.. its ok Nitsan, i was also called stupid by ppl who i dun know who only send me messages but dun post inside here..
there are a few tarders inside here that i truly respect because they can show and tell what they believe in their system.. one of them is YOu!! so dun worry, 1 ppl may laugh but maybe 10 others may say thank u to u for your correct calls.. so cheer up and continue with aht u are doing so far
  • #3,673
  • Mar 16, 2014 12:41pm Mar 16, 2014 12:41pm
Quoting VonBoyan
its our account that is filled with cash.. not other ppl's account.. that is more important..
  • #3,674
  • Mar 16, 2014 12:41pm Mar 16, 2014 12:41pm
oh btw, For those ppl who told me i am stupid by sending me messages and not posting inside here..well, thank u for the compliment.. for your info, this stupid trader has a reason for closing long positions..
very simple.. remember the inverted H&S on the weekly chart that started at 1181?.. it has a neckline that is around 1380 area.. my "stupid" system said so.. and since my strategy are to close all my longs when it reaches the neckline, i close as per my "stupid" system.. guess what.. this stupid trader who follow the stupid system has almost 40k in profits from my closed positions from 1 standard account and 3 mini accounts.. and that "stupid" money from the" stupid" system that this "stupid trader are all mine inside my accounts.. i wonder those "clever" ppl has that amount inside theirs?.. hehehehehehe.. now i started to short not because i think the market is downtrend not because i believe my "stupid" system said so that gold will begin to retrace before it continue to rise.. yes, it may go up if tensions get hotter in ukraine because investors will choose safe haven in gold than in currencies and etc.. so what?.. at the most, it triggers my SLs and close me out.. no big deal!!! no holy grail in forex that can land u 100% all the time.. but it is your strategy or system that u follow that makes u money almost all the time is actually the "holy grail" for u!! if only saying someone stupid makes money in FF.. then i shall no more do trading and start saying ppl stupid instead if by saying ppl stupid makes me money...

sorry admin Clock Trader for posting this instead of analysis.. just to let out some steam.. so sorry again.. but its a must.. again, thank u for the ppl who calls me stupid.. u all must be reading this.. so "clever" of u sirs/madams!! cheers!!
  • #3,675
  • Mar 16, 2014 1:04pm Mar 16, 2014 1:04pm
Quoting hamidshah.pk
Can anyone update me about the short term future for Gold. Will it be going up or take the reverse pattern. As we have observed when there is a tension between US and Syria price of Gold goes higher and after the tension was released Gold goes down again.
well. in my humble opinion.. gold is finally got out of that downtrend after 2 years.. my honest opinion is gold will be bullish but there will be a lot of obstacle in between.. from a trader point of view.. and from a technical point of view.. gold can push up to the 1400 masses but it can retrace down to as low as 1300 or even 1280 area too.. before proceeding upward again..so it really depends on what type of investors u are looking at madam..
even if u read analysis by top experts.. they have different views on gold for this year.. example, goldman sachs target gold to be around 1150 area this year and franklin sanders target gold reaches 1600 masses this year too

from my stand point of view.. if u are a physical buyer.. franklin sanders always say these words//"gold and silver must be bought"!! he means physical gold and silver.. not spot gold and silver..the world shall have to see whats in store in the coming months as events like wars, riots will lift gold up but theres always the FED and the big time players who very much like to sudden sell big lots to push gold down.. its either taking profits from a long rise in gold or just cleaning up those ppl who entered longs very late..

if u are a tech trader, take note of the charts and follow what your system says.. go long or short and hopefully your system works and u make lots of pips.. if u atr a news tarder or a news breakout trader.. then be sensitive of whats happening in and around the world, press releases, datas like FOMC, NFPs, will be of utmost important to u..

so sorry if this post does not answer your questions madam but at least i am sharing my humble opinions.. hope it helps!! cheers
  • #3,676
  • Mar 16, 2014 1:04pm Mar 16, 2014 1:04pm
Quoting VonBoyan
this stupid trader who follow the stupid system has almost 40k in profits from my closed positions from 1 standard account and 3 mini accounts.. and that "stupid" money from the" stupid" system that this "stupid trader are all mine inside my accounts..
Good to see you and all other who are making money. I remember the time when the price hits 1180 area, majority was saying that it will go to min 1110-1135 area or max to 1000 range and you got Buy position, Good job. Now i see a reversal pattern, majority is saying Buy, lets see where the market moves.
  • #3,677
  • Mar 16, 2014 1:05pm Mar 16, 2014 1:05pm
so sorry for my grammar.. i typing in the dark as it is 2am in singapore now... hehehehehe.. hope u understand what my sentence and meaning is.. cheers
  • #3,678
  • Mar 16, 2014 1:06pm Mar 16, 2014 1:06pm
http://www.zerohedge.com/news/2014-0...e-seeks-additi and lets see what eu and us gona do about this thing, everything gona be more complicated next week till they find a solution and complicated times makes gold higher generally.
  • #3,679
  • Mar 16, 2014 1:07pm Mar 16, 2014 1:07pm
Quoting Nitsan_Levi
{quote} Make profit it the most important in this business. I take profit in SHORT in the GOLD and you laugh on me.,,, And now you say you take short...so if you was in short why you laugh?? And guees what...price end in 15min Gartley patterm for short and SMA64 Weekly....so its want take alot of time that price will fall ... "manilaguy" call me crazy because "I can't believe you are shorting when it is obviously very bullish" and you laugh so say and laugh as mutch as you want , I take profit and...

Hmmmm.. 1st thing, it was an obvious short because the PA suggested that the market wanted that price at 50 fibo. level which would be followed by profit taking at that time on a friday (unless something bizzare happens).. 2nd, I was laughing at longs because i don't see fresh buying.. 3rd, Do you mean to say if anyone goes long and posts here after you go short is talking against you? 4 and most important, are you jealous because i have adele?
A trade should be based on an assumption based on facts
  • #3,680
  • Mar 16, 2014 1:19pm Mar 16, 2014 1:19pm
Quoting letscry
http://www.zerohedge.com/news/2014-0...e-seeks-additi and lets see what eu and us gona do about this thing, everything gona be more complicated next week till they find a solution and complicated times makes gold higher generally.
yups.. i totally agree that it will be complicated for gold next week as not only this but fomc also in the line.. if u are long or short.. trade light sir and protect by using SLs.. if u are not in positions.. then all the better as gold will paint a clearer picture soon enough.. just my humble opinion only.. cheeers!!
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