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Only Gold!

  • #12,441
  • Jul 25, 2014 3:57pm Jul 25, 2014 3:57pm
29 longs
13 shorts

net 16 longs

It looks like a mess, but, neat when looked through my strategy. Most likely, this will fly higher on Mon and Tue.

Time to call it a week, gotta party this weekend, earned it after all. I find it hard to believe what I was able to achieve this week.

Wish you all a great weekend!
Hello World!
  • #12,442
  • Jul 25, 2014 4:00pm Jul 25, 2014 4:00pm
Quoting ClockTrader
{quote} Sentiment in India today was "Go Short", my broker's sentiment was "Go Sell" too, but, since they know I don't give a sh!t to what they say, they don't advise me anymore. I have to ask them what their advise is and what people are doing. I would like to cite the fact that the commodity exchange here doesn't allow people to use SL.
So Clock what do you mean by - they advise you, like they call you personally on the phone and after that thеy look at your positions to see if you are following ? because here there is some advices i get, usually daily, mostly about currencies, but they are automatic and i turned them off since they are wrong most of the time.
For how many years have you been going by this plan of investing in gold in summer because i saw this thread is started last summer so how was last year investing
  • #12,443
  • Jul 25, 2014 4:00pm Jul 25, 2014 4:00pm
Quoting waleed.khan
{quote} So wait a minute... you get dinged twice? double charge? I hope the spreads are good though then?
The brokerage is very little, it doesn't matter at all. The exchange closes daily at 11:30 pm and re-opens next day in the morning at 10 am, it can look like a total scam, price changes all of sudden due to INR <--> US$

But, regardless of all this scam like system, there is one very good part, the rewards are very high for investors here. Lets call it an open secret. Bye for now!
Hello World!
  • #12,444
  • Jul 25, 2014 4:04pm Jul 25, 2014 4:04pm
Quoting ClockTrader
29 longs 13 shorts net 16 longs It looks like a mess, but, neat when looked through my strategy. Most likely, this will fly higher on Mon and Tue. Time to call it a week, gotta party this weekend, earned it after all. I find it hard to believe what I was able to achieve this week. Wish you all a great weekend!

Have fun. good weekend all.
  • #12,445
  • Edited 5:20pm Jul 25, 2014 5:07pm | Edited 5:20pm
In the chart below you can see the gold in a time of 4 hours
It seems that after completing a corrective structure
A 5 Impulse up the Wave 1 and Wave 2 will be completed in the near vicinity of $ 1311 to $ 1300
Positive divergence is macd also evident
Later we will talk about the goals of the third wave
Your friendly- esmaeel jadidi
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 46 KB
  • #12,446
  • Jul 25, 2014 7:37pm Jul 25, 2014 7:37pm
Weekly candle show HH LL, Nice short opportunity arround 1315.
  • #12,447
  • Jul 25, 2014 9:56pm Jul 25, 2014 9:56pm
Those who play shorts suddenly silent. 1313? Or fall? Lets wait till monday
row row row your boat
  • #12,448
  • Jul 25, 2014 11:17pm Jul 25, 2014 11:17pm
XAU will be going down on Monday, since the tensions in Ukraine is getting slower and ceasefire of Israel and Hamas for 12 hours.
Gold will go down until 128x area.
Take short at 1309.
  • #12,449
  • Jul 25, 2014 11:46pm Jul 25, 2014 11:46pm
Quoting ngiler
Those who play shorts suddenly silent. 1313? Or fall? Lets wait till monday
When there is a fall, lots of people who were selling will become highly active here and vice versa.

On the other hand, if price moves in undesirable direction, members active here will become passive.

In a way, this applies to me too, when price moves in a direction favoring my positions, I become quite active here, but, I remain active (relatively less) even when price is hurting me.

my 2 gold coins!
Hello World!
  • #12,450
  • Jul 26, 2014 2:04am Jul 26, 2014 2:04am
Quoting ClockTrader
{quote} When there is a fall, lots of people who were selling will become highly active here and vice versa. On the other hand, if price moves in undesirable direction, members active here will become passive. In a way, this applies to me too, when price moves in a direction favoring my positions, I become quite active here, but, I remain active (relatively less) even when price is hurting me. my 2 gold coins!
Hahahaa... did you just read my mind, lol. That is absolutely true. Personally i don't have any positions right now, exited my shorts around 1295 region, did enter long but only for short scalp. Didn't see this coming but hey it can be crazy on a Friday, now just sitting on the side, watching can be beautiful sometimes.
  • #12,451
  • Jul 26, 2014 3:03am Jul 26, 2014 3:03am
Quoting ClockTrader
{quote} There was not a clean and loud bottom out there. I bought 6 positions in the 1290ish range and closed all 4 shorts @ 1299 for below reasons Being an investor, got to buy at each level downwards (apparently MM first) DCB suggested to use GREEN SL for shorts @ 1299 Golden Seasons vouched for long term longs Key Clock hr patterns suggest up-swing, thats why I gave intra-day buy call with SL today hope this helps!
quite helpful!
P.S. Trade with the discipline of Money Management and Risk Management.
  • #12,452
  • Jul 26, 2014 4:42am Jul 26, 2014 4:42am
Up over 120pips from my long early on Friday and no plans of closing it yet. Loads of data scheduled for the coming week. Expecting more fireworks.
  • #12,453
  • Jul 26, 2014 6:39am Jul 26, 2014 6:39am
Quoting Chenko
Up over 120pips from my long early on Friday and no plans of closing it yet. Loads of data scheduled for the coming week. Expecting more fireworks.
Im waiting at 1313 or 1319 or 1323..... hmmm.
row row row your boat
  • #12,454
  • Edited 9:15pm Jul 26, 2014 9:02pm | Edited 9:15pm
The data next week will either launch gold or sink it short term. Personally I think we'll see gold sink to sub 1275 levels. Theres another 300-400 pips to fall. I am not going to let go of my long positions but I am considering some hedges. Regardless of what it does next week I believe by the end of august we'll be seeing dramatic movement north.
  • #12,455
  • Jul 27, 2014 12:03pm Jul 27, 2014 12:03pm
sunday i hope this drops because with the contracts startign it'll be my last window to close my shorts on profit. if it doesnt fall as much as i wanted to i'm reversing the trade and go buy for the entire month
  • #12,456
  • Jul 27, 2014 2:01pm Jul 27, 2014 2:01pm
Only one thing to be said.. about gold...

that is.. Indecision...


Daily chart....

Attached Image (click to enlarge)
Click to Enlarge Name: gld.PNG Size: 58 KB
  • #12,457
  • Jul 27, 2014 4:13pm Jul 27, 2014 4:13pm
gold on friday broke the 4 hr resistance @1299.22 and became bullish till>>>>>it reaches the daily resistance ,first on around 1316 where im having my tp. , depending on when its going to reach it,knowing where the 4 hr support will be,will decide where to buy it again, or sell it.
  • #12,458
  • Jul 27, 2014 5:47pm Jul 27, 2014 5:47pm
Welp, started down on the session and now coming up while s&P goes lower….
  • #12,459
  • Jul 27, 2014 6:29pm Jul 27, 2014 6:29pm
If it comes down watch out for the 1300 zone; as it could rebound from here and go into 1320-30 zone and then come back down crashing.

I am working on a new ew count...hopefully should have it up soon or by europe session...
  • #12,460
  • Jul 27, 2014 6:41pm Jul 27, 2014 6:41pm
Nice move off the lower median line back to the median line at resistance now...I'm expecting a pullback here and consolidation of this impulse up then another leg up.
Attached Image(s) (click to enlarge)
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