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Only Gold!

  • #10,141
  • Jun 18, 2014 8:23am Jun 18, 2014 8:23am
Quoting ClockTrader
{quote} {quote} When it comes to long term longs, I happen to be highly conservative, so timid that I least use the funds. I am least loaded right now, just trying to play safe. Thanks for the advise fellas!

CT.... In our market majority of the people are bulish right now..... (its a small market not big as yours)

and IMO i dont see gold above 1301-1307 for a couple of months
because i can see bearish triangle or may be its a bearish flag....

and your view on this triangle is required adn would be appreciated....
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  • #10,142
  • Jun 18, 2014 8:27am Jun 18, 2014 8:27am
just my 3oz , dont oversize position ,simple , someone told me yrs ago "buy up ,sell down" if you got money when it starts going up u can buy , if you spent your all avg down youll have nothing left when it hits bottom and starts rising ,,,, wheres the bottom??
Whats That? you're trading What?
  • #10,143
  • Jun 18, 2014 9:07am Jun 18, 2014 9:07am
is this a patter or something
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  • #10,144
  • Jun 18, 2014 9:26am Jun 18, 2014 9:26am
Quoting bonnzi
is this a patter or something {image}
this is for people open close more position, so banks profit...
  • #10,145
  • Jun 18, 2014 9:29am Jun 18, 2014 9:29am
Quoting bonnzi
is this a patter or something {image}
Yea, money change hands before FOMC spike
  • #10,146
  • Jun 18, 2014 9:30am Jun 18, 2014 9:30am
Quoting ClockTrader
I am least loaded right now, just trying to play safe.
  • #10,147
  • Jun 18, 2014 9:31am Jun 18, 2014 9:31am
In a situation like this I would not like to follow my heart. I'm emotionally tied to investing in Gold, yet, I'm highly conservative, there is heck no way, I can afford to lose a single cent. I don't mind if it falls like a rock off the cliff. I'll remain invested. I am confident about higher price of Gold in the long run.

Yes, fear is one problem, I think I'll remain cautious and fearful until July. I'm following Golden seasons, using monthly chart nowadays. My risk appetite is very very low right now. Its real money, big money for me.


Quoting JollyBean
{quote} If your heart says long and you're expecting the collapse of the USD soon (you don't wanna miss the boat), it's probably a good strategy to start building your longs now. Get in now so you won't feel like you miss out if gold price suddenly takes off (eliminate fear), but also small enough (eliminate greed) so that if it goes south, you're not troubled or your capital doesn't get hit too hard. Of course, this all depends on your risk management and appetite for risk. And when the direction becomes clear to you, and up is clearly where gold...
Hello World!
  • #10,148
  • Jun 18, 2014 9:33am Jun 18, 2014 9:33am
Quoting bonnzi
{quote} dont be greedy you already have some longs if it goes down after FOMC and u are a long term bull will add if it goes up after FOMC... well what the heck there is plenty of time till 1387
I got a nice capital, I'm hardly using it, there is so much leverage, I hope you understand my point. I'll go sleep in an hr or two, I'll get to see tonight's PA tomorrow, fingers crossed.

I am certainly not nervous, but, some anxiety is there.
Hello World!
  • #10,149
  • Jun 18, 2014 9:34am Jun 18, 2014 9:34am
Quoting msh310
{quote} CT.... In our market majority of the people are bulish right now..... (its a small market not big as yours) and IMO i dont see gold above 1301-1307 for a couple of months because i can see bearish triangle or may be its a bearish flag.... and your view on this triangle is required adn would be appreciated.... {image}
My view on a broad level at this point is associated and based on time-frames (clock n calendar). For instance, I would be cautious about longs until June-end, thereafter, I would feel kool and relaxed, I hope the PA falls in line with my expectations.
Hello World!
  • #10,150
  • Jun 18, 2014 9:35am Jun 18, 2014 9:35am
Quoting ClockTrader
I'll remain cautious and fearful until July.
Another 3 thumbs up !

Few more weeks of patience.
  • #10,151
  • Jun 18, 2014 9:36am Jun 18, 2014 9:36am
Quoting Super_Mario
{quote}
The leverage is so high in markets, there is no way any investor in his full conscious would trade heavy.
Hello World!
  • #10,152
  • Jun 18, 2014 9:39am Jun 18, 2014 9:39am
hi

Going long in #gold @ 1270
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rocky1980
  • #10,153
  • Jun 18, 2014 9:40am Jun 18, 2014 9:40am
Quoting ClockTrader
{quote} The leverage is so high in markets, there is no way any investor in his full conscious would trade heavy.
Yep.
By the end of June leverage should drop a bit since major contract ends and they start loading for contract expiring in December.
But still, it would be too easy to repeat exactly last years rally (I know your Golden Seasons work centuries that way, but I'm pessimist guy lol)
  • #10,154
  • Jun 18, 2014 9:43am Jun 18, 2014 9:43am
Quoting Super_Mario
{quote} Yep. By the end of June leverage should drop a bit since major contract ends and they start loading for contract expiring in December. But still, it would be too easy to repeat exactly last years rally (I know your Golden Seasons work centuries that way, but I'm pessimist guy lol)
Right now I'm solely relying on Golden Seasons, my other analysis says, sell with caution, BUT, I'm invested and added longs today, removed all shorts.
Hello World!
  • #10,155
  • Jun 18, 2014 9:44am Jun 18, 2014 9:44am
Just a small reminder for those who are trying to decide whether to short or long Gold before FOMC announcements
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  • #10,156
  • Jun 18, 2014 9:48am Jun 18, 2014 9:48am
Quoting ClockTrader
I'm invested and added longs today, removed all shorts.
Still cannot understand that adding/removing/hedging.
If you buy 1 lot @ 1200 and then "hedge" 1 lot @ 1250 this means you sold the one lot you bought and got your profit.
At least this is how it works on markets.
In MT4 and other terminals kitchen-bars with internal clearing use (dealer plays against customer or customers play one vs another) there's possibilty to open both long and short for same size, but I thought that's feature made for kitchen-bars profit since you pay double spread that way, no ? When hedging you mean THAT way? Opening opposite position without closing the initial ?
  • #10,157
  • Jun 18, 2014 9:52am Jun 18, 2014 9:52am
Quoting Super_Mario
{quote} Still cannot understand that adding/removing/hedging. If you buy 1 lot @ 1200 and then "hedge" 1 lot @ 1250 this means you sold the one lot you bought and got your profit. At least this is how it works on markets. In MT4 and other kitchen-bars with internal clearing (dealer plays against customer or customers play one vs another) there's possibilty to open both long and short for same size, but I thought that's feature made for kitchen-bars profit since you pay double spread that way, no ? When hedging you mean THAT way? Opening opposite...
OK, lets says I bought 1 lot @ 1200 and sold 1 lot @ 1250, both positions would remain open, none got closed. Thereafter in today's scenario, I closed the short @ 1225, long remains open. This is MT4 my friend, I guess Americans can only trade contracts.

I hope this clears the air.
Hello World!
  • #10,158
  • Jun 18, 2014 9:59am Jun 18, 2014 9:59am
Quoting ClockTrader
{quote} OK, lets says I bought 1 lot @ 1200 and sold 1 lot @ 1250, both positions would remain open, none got closed. Thereafter in today's scenario, I closed the short @ 1225, long remains open. This is MT4 my friend, I guess Americans can only trade contracts. I hope this clears the air.
Ok, got you.
The way called "locking" or something like that.
However if you study it further you'll understand that it's only psychological benefit.
Same way you could totally close your long order and open short (if you want to get some small profit on correction phase or stay with cash if not sure about correction) and re-enter longs when you decide to close that "hedge".
But yea the way you do it you are mentally winner : "I still have longs from 1190!!!(I do) I'm superman!(I'm not)"
  • #10,159
  • Jun 18, 2014 10:02am Jun 18, 2014 10:02am
Quoting Super_Mario
{quote} Ok, got you. The way called "locking" or something like that. However if you study it further you'll understand that it's only psychological benefit. Same way you could totally close your long order and open short (if you want to get some small profit on correction phase or stay with cash if not sure about correction) and re-enter longs when you decide to close that "hedge". But yea the way you do it you are mentally winner : "I still have longs from 1190!!!(I do) I'm superman!(I'm not)"
The point is that once I have hit the "Buy" button for long term longs, I would never ever want to close them. I can initiate short against that long with SL, risk money while the long term investment remains intact.

If I keep closing previous longs, I would forgot the very crux of my objective which is to invest in Gold.
Hello World!
  • #10,160
  • Jun 18, 2014 10:05am Jun 18, 2014 10:05am
Add short 70 now hope it will have a clear run
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