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Only Gold!

  • #9,961
  • Jun 12, 2014 9:48am Jun 12, 2014 9:48am
The potential direction
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  • #9,962
  • Jun 12, 2014 9:50am Jun 12, 2014 9:50am
just closed heavy longs from 1243.

expect a nice pull back then enter long again.

NZD AUD GOLD is overbought in 4H charts.
  • #9,963
  • Jun 12, 2014 9:52am Jun 12, 2014 9:52am
Quoting bonnzi
ClockTrader this looks like the beginning of a beautiful golden season
Your posts backed up my own analysis in my first month of proper trading and right now sitting on 200% profit. Thanks CT, I'm a believer!
  • #9,964
  • Jun 12, 2014 9:59am Jun 12, 2014 9:59am
Quoting The Epoch
{quote} Your posts backed up my own analysis in my first month of proper trading and right now sitting on 200% profit. Thanks CT, I'm a believer!
lets not get carried away haha
i would love to see if we can break 1280 and continue our journey up
zew - you are my hero mate it seems u did the right thing at the perfect moment
my longs from 1243 are rather small...so i will continue holding them for now and see what happens
good night and good luck guys
  • #9,965
  • Jun 12, 2014 10:00am Jun 12, 2014 10:00am
Quoting zew
just closed heavy longs from 1243. expect a nice pull back then enter long again. NZD AUD GOLD is overbought in 4H charts.

How long have you been holding these for?
  • #9,966
  • Jun 12, 2014 10:00am Jun 12, 2014 10:00am
Quoting bonnzi
{quote} lets not get carried away haha i would love to see if we be break 1280 and continue our journey up
I might spontaneously ejaculate...
  • #9,967
  • Jun 12, 2014 10:03am Jun 12, 2014 10:03am
Quoting bonnzi
{quote} lets not get carried away haha i would love to see if we be break 1280 and continue our journey up
I've got the bulk of stops set just below 1270. The 1273 has a good history of daily resistance. Would be amazing if we broke that today...
  • #9,968
  • Jun 12, 2014 10:05am Jun 12, 2014 10:05am
Closed one of my longs for profit, offsetting loss earlier. Keeping one open as hedge as price action might stretch a bit.
"The market can remain irrational longer than you can remain solvent"
  • #9,969
  • Jun 12, 2014 10:12am Jun 12, 2014 10:12am
"Maybe some market participants are only now waking up to reality after the World Bank report."
  • #9,970
  • Jun 12, 2014 10:19am Jun 12, 2014 10:19am
Quoting waleed.khan
{quote} How long have you been holding these for?
since last week.

you can view my post history. I posted when I heay longed it http://www.forexfactory.com/showthre...66#post7502766
  • #9,971
  • Jun 12, 2014 10:20am Jun 12, 2014 10:20am
Quoting anton.olff
Closed one of my longs for profit, offsetting loss earlier. Keeping one open as hedge as price action might stretch a bit.
I thought you were selling.
Hello World!
  • #9,972
  • Jun 12, 2014 10:21am Jun 12, 2014 10:21am
Quoting bonnzi
ClockTrader this looks like the beginning of a beautiful golden season
Yes mate, looks like a good start to me. However, be informed that we can talk about June bottom only in July, therefore, I will remain cautious even though it looks hunky and dory right now. On the other hand "Dark Seasons" on the crude front are culminating with grace.

Golden Seasons have and always will rule Gold markets!
AND
Dark Seasons have and always will rule the Crude markets!

period.
Hello World!
  • #9,973
  • Jun 12, 2014 10:46am Jun 12, 2014 10:46am
Quoting ClockTrader
{quote} I thought you were selling.
i think u still have plan to sell..
P.S. Trade with the discipline of Money Management and Risk Management.
  • #9,974
  • Jun 12, 2014 10:50am Jun 12, 2014 10:50am
Quoting ClockTrader
{quote} I thought you were selling.
I still have shorts open, but took some longs to hedge (and take profits).
"The market can remain irrational longer than you can remain solvent"
  • #9,975
  • Jun 12, 2014 11:03am Jun 12, 2014 11:03am
Quoting farukh
{quote} i think u still have plan to sell..
What makes you think I wish to sell? These are some positions in my personal account (check att).

Entire year, I keep preaching Golden Seasons and when its time to sow the seeds, you think I would want to reap? Gosh!!

Mate, I would not wear Sweaters or a warm jacket during North Indian Summers.

I would not wear North Indian summer clothes in Washington DC's winters.

Time to call it a day!

PS: I may or may not hedge 25% of my longs when I think price is due for a dip / correction, that would be after mid of next.
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Hello World!
  • #9,976
  • Edited 11:56am Jun 12, 2014 11:33am | Edited 11:56am
Quoting zew
{quote} since last week. you can view my post history. I posted when I heay longed it http://www.forexfactory.com/showthre...66#post7502766
I'm not doubting you...

In fact I find that to be very gutsy "heavy longs"...Did you catch these longs on the heavy spike down? At 1240 everybody was expecting more downside into 1232 area... and yet you went long heavily? & this past week price has been moving sideways to slightly higher...and yet you stuck to your position until today! I can understand the latter hold strategy; but collecting heavy longs in such a down spike at 1240 area...In hindsight that just seems remarkable!

and interesting... could you please care to share some insight into this contrarian play? like what got you convinced that you have caught the bottom...what was going through your head? I think we all can learn something here...?

*you took the position on may 30 and after that price kept flirting with the low side for another 4 days* and yet you held on amidst that falling knife? Fascinating stuff? I'm honestly really interested...? was it intuition or the completion of the triangle pattern?
  • #9,977
  • Jun 12, 2014 11:56am Jun 12, 2014 11:56am
Quoting ClockTrader
{quote} What makes you think I wish to sell? These are some positions in my personal account (check att). Entire year, I keep preaching Golden Seasons and when its time to sow the seeds, you think I would want to reap? Gosh!! Mate, I would not wear Sweaters or a warm jacket during North Indian Summers. I would not wear North Indian summer clothes in Washington DC's winters. Time to call it a day! PS: I may or may not hedge 25% of my longs when I think price is due for a dip / correction, that would be after mid of next. {image}
sorry mate it touched ur heart.. i can not say that for u bcz i strongly follow ur posts.
actually i tried to quote anton.olff under ur post quoting him that "i thought u were selling"
P.S. Trade with the discipline of Money Management and Risk Management.
  • #9,978
  • Jun 12, 2014 11:58am Jun 12, 2014 11:58am
Quoting anton.olff
{quote} I still have shorts open, but took some longs to hedge (and take profits).
till 1288 ?
P.S. Trade with the discipline of Money Management and Risk Management.
  • #9,979
  • Jun 12, 2014 12:06pm Jun 12, 2014 12:06pm
i think a very easy trade right now is short at 1272.50 sl 1279 tp 1262 .

also Natural Gas now at 4.730 sl 4.770 tp 4.600 next week.

i have managed to close my opened long positions now and playing with some light shorts due to high retracemente probability, long term trend will be up but i dont bellieve the negative data that brought gold down is over and the long life of this spike up.

right now the more bullish force for Gold is ECB = Europe QE Extreme Edition.
  • #9,980
  • Jun 12, 2014 5:33pm Jun 12, 2014 5:33pm
my view : americans intimidating Russians & chinese to justify creation of new jobs in defence & to manipulate markets.

no real conflict will come out.

if they were for real they would side with one and finish the other.

one should include this in oil & gold analysis.
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