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  • #10,261
  • Jun 19, 2014 7:59pm Jun 19, 2014 7:59pm
Quoting acidguy
one of my worst trading days ever, i lost 2 months of profit in just 1 day, my strategy is usually based on sell on overbough and selloff zone to trade the retracements, today move totally blew my system of trading and kept me adding shorts till i had to closed them at $1315 with a big loss, Gold move was really fast n furious to the upside, in my mind i was saying, if yesterday after FED gold did not move, bears are still in play but how wrong i was. i have to learn from today huge mistake. ​
Feel your pain with this one, it was touch for these who use over bout and over sell strategies, they seemingly work really well in most cases until days like this kicks in with extreme greed or extreme fear.

I was taken by surprised too by the strong bullish move; lucky I was not completely wrong today, because I did predicted the on London open Gold will go up hence I went long pretty much on the right time and hit my TP 80 pips up. But then shortly after that I opened a shot position thinking it was overbought, all indicators were overbought. That is when I got burned handing back my earlier profit plus more. 350++ pips moves are quite rear but the do happen every now and later. ...
Think outside the box, opposite what they want you to think.
  • #10,262
  • Jun 19, 2014 8:03pm Jun 19, 2014 8:03pm
Here is another article by another gold bug (just out...)

After (1340-1360) gets taken out don't be surprised of $100-$200 moves on a daily basis..."

Heres an excerpt: "So not only is the rally in gold that we are seeing way overdue, but there are a lot of shorts in this market that will create a real scramble. We have already broken above the 200-day moving average. My sense is that between $1,330 and $1,360 there is a little bit of resistance. But after that there are some big vacuums higher in terms of the price and it wouldn’t surprise to see $100 to $200 up-days for gold. This leg of the bull market has just begun and the mining stocks seem to be the best bet. You get a multiplier of 2 to 1. We saw that unfortunately on the downside. Now we are going to see it on the upside.”
http://kingworldnews.com/kingworldne...s_In_Gold.html

Makes sense on the short squeeze I think... Still early days (but I really feel some massive bovine bulls are waking up)
  • #10,263
  • Jun 19, 2014 8:11pm Jun 19, 2014 8:11pm
Quoting waleed.khan
{quote} First day of jupiter exaltation; wonder what is in store for this entire transit
There were multiple factors mate and yes, this was one of the major ones, this was a trailer of whats gonna happen in winters.
Hello World!
  • #10,264
  • Jun 19, 2014 8:14pm Jun 19, 2014 8:14pm
Quoting ClockTrader
{quote} There were multiple factors mate and yes, this was one of the major ones, this was a trailer of whats gonna happen in winters.

Its spooky and uncanny brother...

First day! and Puff! its up $50 bucks or something...! I think this stuff should be given respect and taken more seriously!
  • #10,265
  • Jun 19, 2014 8:22pm Jun 19, 2014 8:22pm
Closedmy short on gold, took a small profit, was feeling quite exposed with multiple positions. I'll stick to my brother silver, he has always been good to me.

Look for 1310 test today, maybe even 1300.
  • #10,266
  • Jun 19, 2014 8:40pm Jun 19, 2014 8:40pm
Quoting waleed.khan
{quote} Its spooky and uncanny brother... First day! and Puff! its up $50 bucks or something...! I think this stuff should be given respect and taken more seriously!
I don't think Scientists will ever ever be able to make gadgets sensitive enough to understand the effects of planets with exception to Moon. Never in the light of astrology. But, I have read in British article that they are working hard on this. Golden Seasons are nothing but about Longest and shortest day of the year, its about Sun and a bit of other stuff. Even if 30 yrs vouch my theory, who gives a shit? I don't give a shit either. Better focus on making money. Its about money after all.
Hello World!
  • #10,267
  • Jun 19, 2014 9:00pm Jun 19, 2014 9:00pm
Quoting ClockTrader
{quote} I don't think Scientists will ever ever be able to make gadgets sensitive enough to understand the effects of planets with exception to Moon. Never in the light of astrology. But, I have read in British article that they are working hard on this. Golden Seasons are nothing but about Longest and shortest day of the year, its about Sun and a bit of other stuff. Even if 30 yrs vouch my theory, who gives a shit? I don't give a shit either. Better focus on making money. Its about money after all.
yeah anyone can pass this of as coincidence...but just attempt to look at this deeper... this happens once ever 10 or 11 years (such a transit) and lasts one year... and the day it starts gold is up $50... strange

if this isn't impressive enough; how about this & when I heard this I was amazed beyond measure... every time jupiter enters cancer..which is 10 or 11 years I think... U.s has got to do something with Iraq... mark this time; go back to 2003 (US invaded Iraq) go back to 1991 ( U.S fought Iraq)..WAIT (now) go back to 1979 (Oil Crisis)... Now this can be viewed as quiet a cycle...oh and guess what US and Iraq are both (July) borns....

Holy shit...when I heard about that..I was seriously impressed! and its happening again...
  • #10,268
  • Jun 19, 2014 9:23pm Jun 19, 2014 9:23pm
adding longs once we reach 1300 again
  • #10,269
  • Jun 19, 2014 10:59pm Jun 19, 2014 10:59pm
Quoting waleed.khan
{quote} yeah anyone can pass this of as coincidence...but just attempt to look at this deeper... this happens once ever 10 or 11 years (such a transit) and lasts one year... and the day it starts gold is up $50... strange if this isn't impressive enough; how about this & when I heard this I was amazed beyond measure... every time jupiter enters cancer..which is 10 or 11 years I think... U.s has got to do something with Iraq... mark this time; go back to 2003 (US invaded Iraq) go back to 1991 ( U.S fought Iraq)..WAIT (now) go back to 1979 (Oil Crisis)......
Now that was interesting data, this is what I call data (news), based on cycles :-)
Hello World!
  • #10,270
  • Jun 19, 2014 11:12pm Jun 19, 2014 11:12pm
Quoting waleed.khan
{quote} yeah anyone can pass this of as coincidence...but just attempt to look at this deeper... this happens once ever 10 or 11 years (such a transit) and lasts one year... and the day it starts gold is up $50... strange if this isn't impressive enough; how about this & when I heard this I was amazed beyond measure... every time jupiter enters cancer..which is 10 or 11 years I think... U.s has got to do something with Iraq... mark this time; go back to 2003 (US invaded Iraq) go back to 1991 ( U.S fought Iraq)..WAIT (now) go back to 1979 (Oil Crisis)......

Holy Shit!!! Is it the start of another secular bull market in gold? I thought it gold would go up from 1270s due to High CPI and all these crisis in Ukraine and Iraq up until 1320-40.

Are we in for something big? May be you can share something more on this or may CT can add here too
  • #10,271
  • Jun 19, 2014 11:18pm Jun 19, 2014 11:18pm
http://www.kitco.com/ind/Brecht/2014...-Buy-Gold.html

This is the article that I ignored a couple of weeks ago regarding El-Nino. This is interesting too may be
  • #10,272
  • Jun 19, 2014 11:24pm Jun 19, 2014 11:24pm
[quote=waleed.khan;7549336]{quote} yeah anyone can pass this of as coincidence...but just attempt to look at this deeper... this happens once ever 10 or 11 years (such a transit) and lasts one year... and the day it starts gold is up $50... strange if this isn't impressive enough; how about this & when I heard this I was amazed beyond measure...


http://www.cafeastrology.com/jupiterincancer.html

The above article says: Jupiter enters Cancer on June 25th, 2013, and stays in this cardinal water sign until July 16th, 2014.

I think there is big difference in dates. Could you get me the source regarding the date you mentioned? I think we need to research more, its very interesting
  • #10,273
  • Jun 19, 2014 11:26pm Jun 19, 2014 11:26pm
Quoting Ranjeet1488
Quoting waleed.khan
{quote} yeah anyone can pass this of as coincidence...but just attempt to look at this deeper... this happens once ever 10 or 11 years (such a transit) and lasts one year... and the day it starts gold is up $50... strange if this isn't impressive enough; how about this & when I heard this I was amazed beyond measure... http://www.cafeastrology.com/jupiterincancer.html The above article says: Jupiter enters Cancer on June 25th, 2013, and stays in this cardinal water sign until July 16th, 2014. I think there is
...
you are referring to western astrology; vedic astrology is more accurate and more indepth... the planets are off by one house --- just google "jupiter in cancer vedic astrology transit"

But the details that I have given you regarding all these wars... (speaking of which you can add another war "the six day war 1967", (Israel vs Middle east) which was again fought during jupiter's exaltation... I highly doubt you will find this anywhere... they were some things I was told a couple of years back by someone trying to give me insight into how this world works...
  • #10,274
  • Jun 19, 2014 11:41pm Jun 19, 2014 11:41pm
Quoting waleed.khan
{quote}{quote} you are referring to western astrology; vedic astrology is more accurate and more indepth... the planets are off by one house --- just google "jupiter in cancer vedic astrology transit" But the details that I have given you regarding all these wars... (speaking of which you can add another war "the six day war 1967", (Israel vs Middle east) which was again fought during jupiter's exaltation... I highly doubt you will find this anywhere... they were some things I was told a couple of years back by someone trying to give me insight...
Thank you mate :-)

So what are your thoughts on gold from now onwards? Are we in for something big?
  • #10,275
  • Jun 19, 2014 11:51pm Jun 19, 2014 11:51pm
helloo
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One Day U Will Miss me!
  • #10,276
  • Edited Jun 20, 2014 12:04am Jun 19, 2014 11:53pm | Edited Jun 20, 2014 12:04am
Quoting Ranjeet1488
{quote} Thank you mate :-) So what are your thoughts on gold from now onwards? Are we in for something big?

No worries...

As I have been stating in my previous posts...I do really feel this iraq crisis is not going to end any time soon; plus US will keep zero interest rates for a long time to come... I think we will start getting bad data after the summer; perhaps by by october (as it is historically a month where there is a lot of volatility and the market seems to fall)

It is still soon to say anything...and best to keep an open bias though...

This is a post I had mentioned twice before; which I think is worth keeping track off and results will perhaps be seen by the end of june... this guy in the video claims; that gold will rise to $2000 by year end...he expects gold to rise by the end of june and then fall for a last time...after which he expects gold to rocket upto $2000...

It will certainly be interesting to see what happens by june end (basically to see if we make a new high and a new low); after which I think he should be taken a bit more seriously...
http://www.forexfactory.com/showthre...16#post7549216 * Please just be weary though; and not visit his website and end up paying $13,000 for a one year subscription to this guys service... could be a marketing gimmick; for all we know!? Regarding this outrageous call of his...*
  • #10,277
  • Jun 20, 2014 12:37am Jun 20, 2014 12:37am
Quoting waleed.khan
{quote} No worries... As I have been stating in my previous posts...I do really feel this iraq crisis is not going to end any time soon; plus US will keep zero interest rates for a long time to come... I think we will start getting bad data after the summer; perhaps by by october (as it is historically a month where there is a lot of volatility and the market seems to fall) It is still soon to say anything...and best to keep an open bias though... This is a post I had mentioned twice before; which I think is worth keeping track off and results will...

Yes man I have read about him. Various commentaries point out that he has been right more often than not. So have to take his point of view seriously
  • #10,278
  • Jun 20, 2014 12:48am Jun 20, 2014 12:48am
Hedged about 2/3 of the longs, invested a little more in Indian Gold contacts, trying the balance trick.
Hello World!
  • #10,279
  • Jun 20, 2014 12:57am Jun 20, 2014 12:57am
Quoting ClockTrader
Hedged about 2/3 of the longs, invested a little more in Indian Gold contacts, trying the balance trick.
I still dont get it - I mean working with several longs and hedging them with shorts. Could You give me a little light on it? Thanks.
In my opinion if reached - level of 1290-1300 is ideal to think about adding longs on gold (this is swap last swap level).
Mind is like a parachute - it is useful only if open
  • #10,280
  • Jun 20, 2014 1:31am Jun 20, 2014 1:31am
http://www.marketoracle.co.uk/Article20677.html
Regarding what could happen next week: This is a somewhat dated article - it was the best I could find. Probably many who read the gold threads on FF know this. I'm keeping it in mind for next week: futures and options expiry. It tends to, as I wrote in my notes several weeks back "whack" the price of gold and silver, which then may rebound after hours.
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