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Only Gold!

  • #15,161
  • Aug 26, 2014 1:58am Aug 26, 2014 1:58am
Reminder to all that today is settlement day!
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  • #15,162
  • Aug 26, 2014 2:01am Aug 26, 2014 2:01am
Quoting Dafonz
Reminder to all that today is settlement day! {image}
Makes sense..

I'd like to play this safe....
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Hello World!
  • #15,163
  • Aug 26, 2014 2:02am Aug 26, 2014 2:02am
Quoting Dafonz
Reminder to all that today is settlement day! {image}
Could you explain what exactly happens when settlements occur particulary for the likes of Gold and SIlver please? E.g. Is there a sudden surge of activity (volatility) brought into the Gold and SIlver market?
  • #15,164
  • Aug 26, 2014 2:08am Aug 26, 2014 2:08am
opened long at 1290.80 and TP 1295.00
  • #15,165
  • Aug 26, 2014 2:09am Aug 26, 2014 2:09am
Ukrainian President Petro Poroshenko and Russian President Vladmir Putin are among leaders gathering for a summit in Minsk on August 26.

i hope this move north is here to stay ant not turn into a pump and dump later today
  • #15,166
  • Aug 26, 2014 2:11am Aug 26, 2014 2:11am
Quoting ClockTrader
{quote} Read this thread from Page-01. Only a handful have been active here since I started this thread. Do I need to explain more? If you are so smart & wise why didn't you post your positions earlier? Why share longs only after they turned super green? PS: I have seen people who would double their money in one session, day after day.. and suddenly they would disappear. Stay here & show me your results with consistency for over 6 months and then I'll agree with your strategy. I follow Golden Seasons, these have been around for over 30 years....
dear CT. I said earlier that you are totaly right and am not here to teach anyone. I made a risk which I dont advice anyone to do. But I put limit to my lose. So it turned green so lucky me. Ur strategy is right but doesnt mean anyone else is wrong.I dont need to open my own form coz am not here to teach anyone. Am just sharing. Am 38 years old and I have been trading for 4 years. Am still learning. Cheers.
  • #15,167
  • Aug 26, 2014 2:12am Aug 26, 2014 2:12am
where did get this news bonnzi.....?
  • #15,168
  • Aug 26, 2014 2:17am Aug 26, 2014 2:17am
Quoting Rashidtrade
where did get this news bonnzi.....?
http://en.ria.ru/politics/20140826/1...sk-Summit.html

i watched it yesterday on the news as well

http://www.bbc.com/news/world-europe-28933073
  • #15,169
  • Aug 26, 2014 2:21am Aug 26, 2014 2:21am
Quoting Nednones
{quote} Could you explain what exactly happens when settlements occur particulary for the likes of Gold and SIlver please? E.g. Is there a sudden surge of activity (volatility) brought into the Gold and SIlver market?
In a nutshell Options are financial contracts promising the delivery of a commodity, in this case gold.
These contracts expire 4 days before the end of each month and they have to be closed(settled) on this date. So as a holder of the contract you hope that the price of gold on expiry day will be in your favor.. ie if your long then you want a higher price compared to the initial purchase price.

If the price is not in your favor and you are big enough..... then you could always manipulate the sh*t out of the market to get a price that puts your contract into profit


http://www.cmegroup.com/trading/meta...ld-options.pdf

http://www.theoptionsguide.com/gold-options.aspx
  • #15,170
  • Aug 26, 2014 2:26am Aug 26, 2014 2:26am
Quoting Dafonz
{quote} In a nutshell Options are financial contracts promising the delivery of a commodity, in this case gold. These contracts expire 4 days before the end of each month and they have to be closed(settled) on this date. So as a holder of the contract you hope that the price of gold on expiry day will be in your favor.. ie if your long then you want a higher price compared to the initial purchase price. If the price is not in your favor and you are big enough..... then you could always manipulate the sh*t out of the market to get a price that puts...
Cheers Dafonz, will read into this, so in essence if you were to hold a position on such a commodity then the re-assesment of the new contract price can work in your favour or against?
  • #15,171
  • Aug 26, 2014 2:28am Aug 26, 2014 2:28am
That was a really nice move higher to 1290……..
  • #15,172
  • Aug 26, 2014 2:32am Aug 26, 2014 2:32am
buy the dips
  • #15,173
  • Aug 26, 2014 2:40am Aug 26, 2014 2:40am
Quoting Dafonz
Reminder to all that today is settlement day! {image}
Hi Dafonz..

may i know from where did you get those info?

thanks
  • #15,174
  • Aug 26, 2014 2:49am Aug 26, 2014 2:49am
thanks bonzi
  • #15,175
  • Aug 26, 2014 2:54am Aug 26, 2014 2:54am
Quoting Ck87
That was a really nice move higher to 1290……..
Wooooow, What a breakout after three days of stagnation. .... Now adding upon retracements to resp 1288 and 1285, whilst increasing the lot sizes
  • #15,176
  • Aug 26, 2014 3:10am Aug 26, 2014 3:10am
Quoting goldstreet
{quote} dear CT. I said earlier that you are totaly right and am not here to teach anyone. I made a risk which I dont advice anyone to do. But I put limit to my lose. So it turned green so lucky me. Ur strategy is right but doesnt mean anyone else is wrong.I dont need to open my own form coz am not here to teach anyone. Am just sharing. Am 38 years old and I have been trading for 4 years. Am still learning. Cheers.
On Friday price seemed like falling and guess what? You were short on that day.

Today price flew nicely, and guess what? You were long today. You are great mate! Only problem?? You shared your longs here after the price climbed pretty nicely. If you wanna share your positions here, please share when you take them, thanks for your contribution and adding value to the forum. I'm not a teacher, not sure what made you conclude that.
Hello World!
  • #15,177
  • Aug 26, 2014 3:11am Aug 26, 2014 3:11am
Will be interesting to see what happens round 1293 there's quite a cluster fk on the daily in this region.
As the lights go by so too do the shadows move
  • #15,178
  • Edited 3:53am Aug 26, 2014 3:31am | Edited 3:53am
Quoting heispark
My TP didn't hit by less than 0.5 pips. BE out. A lot of profit taking were at that level... If I were in front of the computer, I would have been out with 20+. Anyway, it was very much predictable scalping trade for 25 - 30 pips. It happens again and again. {image} For 4H traders, the following may be noticeable. Potential long opportunity for 50 to 60 pips... {image}
It worked again as expected. This is a high provability trading pattern. If you're familiar with TDI, you may want to remember this.
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #15,179
  • Aug 26, 2014 3:52am Aug 26, 2014 3:52am
good morning all hope all is fine and in the green i just sold the gold @ 1287.56
Senior Trader Multi-Account Manager
  • #15,180
  • Aug 26, 2014 3:55am Aug 26, 2014 3:55am
Quoting Matts Micro
Will be interesting to see what happens round 1293 there's quite a cluster fk on the daily in this region.
def. crucial point. 1290 / 1292 is where the New York price closed on the 20th before the last leg down outside of New York time.
I am long from 1276 and 1280 .will keep my longs until 1346 ish ..o will get stopped out at 1972.
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