Only Gold! | Page 822 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Journal (only my take) 433 replies

Trading gold and silver only 59 replies

An idea for building wealth...using only gold 9 replies

GOLD traders only 90 replies

Attachments: Only Gold!
Exit Attachments

Only Gold!

  • #16,421
  • Sep 23, 2014 9:04am Sep 23, 2014 9:04am
Quoting ClockTrader
{quote} IF this continues to fall today / tomorrow and day-after, longs are going to look very very bad.
true.. i second that.. if this tests 1179-80 this time around.. those levels are not going to hold either.. the way gold has been crushing all the support levels for past one month now.. this can end up pretty chopped up now
  • #16,422
  • Edited 10:49am Sep 23, 2014 9:08am | Edited 10:49am
Quoting Ck87
{quote} Gold will go much, much lower. We will see the $1000 level within the next year or two and i'm sticking with that. Excellent opportunities to short whenever it spikes up. Can it rally and hold at 1200? sure. Is it likely? probably not. Gold only has one purpose as of right now.. and that is to be shorted
may be but 1032 remain as long time( when people thought impossible from that huge spike TOP ) target for shorts & level of limit for up at this down but believe that also may break to 2009 & low level to have next bigger & longer ranging prices before a clear bull or bear , most prefered BULL after the next though & go on .If this 1032 is the limit down for BIG UP then can do any higher level also , here or SO , all stop 1180! Anyway hovering at lows\ buy levels for many months now ( for solid ones have no risks behind though) .
Lets see & watch .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #16,423
  • Sep 23, 2014 9:09am Sep 23, 2014 9:09am
Quoting ClockTrader
{quote} IF this continues to fall today / tomorrow and day-after, longs are going to look very very bad.
It looks very bad already, the move up from 1218 has mostly been erased, and it was on pretty high volume too.

Seems to me that large spec longs just want to get out of this now, so they will gladly sell into any rally.
"Where you want to be is always in control, never wishing, always trading.
  • #16,424
  • Sep 23, 2014 9:31am Sep 23, 2014 9:31am
Quoting ClockTrader
{quote} I see hundreds of people visiting this thread daily, but, hardly a few people share their short positions here when they sell.

I don't like telling my positions when i get in them. I've done it before of course but it has a bad psychological effect on me.
  • #16,425
  • Sep 23, 2014 9:32am Sep 23, 2014 9:32am
Quoting Spec_And
{quote} It looks very bad already, the move up from 1218 has mostly been erased, and it was on pretty high volume too. Seems to me that large spec longs just want to get out of this now, so they will gladly sell into any rally.
Bad, Worse & Worst.

Good, great Best..

We got ample time to see whats coming

I'm going to be patient until this weekend and then most likely go Bingo..
Hello World!
  • #16,426
  • Sep 23, 2014 9:39am Sep 23, 2014 9:39am
Gold is basically tied to the dollar now, there's been an extremely high negative correlation between the 2 in recent weeks, so its pretty silly to be long gold now unless you think the dollar is going to sink.

For the dollar to sink the EUR must rally since it makes up over 50% of DXY, with Europe in the doldrums there is little prospect of it moving up anytime soon...
"Where you want to be is always in control, never wishing, always trading.
  • #16,427
  • Sep 23, 2014 10:07am Sep 23, 2014 10:07am
Quoting Spec_And
Gold is basically tied to the dollar now, there's been an extremely high negative correlation between the 2 in recent weeks, so its pretty silly to be long gold now unless you think the dollar is going to sink. For the dollar to sink the EUR must rally since it makes up over 50% of DXY, with Europe in the doldrums there is little prospect of it moving up anytime soon...
No offense, but, I plan to buy nicely going forward!
Hello World!
  • #16,428
  • Sep 23, 2014 10:17am Sep 23, 2014 10:17am
Quoting ClockTrader
{quote} No offense, but, I plan to buy nicely going forward!
What are you seeing that looks bullish going forward?
  • #16,429
  • Sep 23, 2014 10:17am Sep 23, 2014 10:17am
Quoting ClockTrader
{quote} No offense, but, I plan to buy nicely going forward!
Ct, been reading yr posts, you mentioned that the bottom should out by end sep.
I certainly hope so. Hanging on to some longs....
usd has been so strong today, gold has been holding on well comparing to all other majors..
  • #16,430
  • Sep 23, 2014 10:40am Sep 23, 2014 10:40am
Price and its patterns will always be the leading indicator in any market. I'm of the opinion that news is captured in the price already, particularly on the longer t/fs, and thus reading what the chart is telling us, indicators and all, is the best means to try to forecast market direction.

The adage " the trend is our friend" etc, is applicable to weekly and longer t/f in the main imo, with s&r levels being factored in to determine if possible, where the most likely historical turning point "zone" may occur and based on that alone, I think we are more or less in that zone now which stretches down to 1180.

For me therefore, any talk that price must do this or do that is simplified by knowing the zone, but tempered with the knowledge that previous s&r levels aren't always respected.

The bottom line for me for what its worth is that decisive pa long or short can happen now and I certainly wouldn't write off longs given where we currently are on price.
  • #16,431
  • Sep 23, 2014 10:41am Sep 23, 2014 10:41am
Quoting Ck87
{quote} What are you seeing that looks bullish going forward?

  1. VVSA (see att..)
  2. Festival Season ahead (ancient Indian Festivals)

Attached Image (click to enlarge)
Click to Enlarge Name: vvsa.PNG Size: 42 KB
Hello World!
  • #16,432
  • Sep 23, 2014 10:43am Sep 23, 2014 10:43am
Quoting tbngfuego
{quote} Ct, been reading yr posts, you mentioned that the bottom should out by end sep. I certainly hope so. Hanging on to some longs.... usd has been so strong today, gold has been holding on well comparing to all other majors..
Yea, I'm expecting a nice & clear bottom by this weekend.

I shall take my longs more like long term investments just in case my speculation goes wrong. Additionally, I believe I'm good at hedging and MM is not bad.
Hello World!
  • #16,433
  • Sep 23, 2014 10:48am Sep 23, 2014 10:48am
Few more days of patience and then hopefully I shall be free to go long in a liberal way. Only few more days to go. Time to call it a day.

PS: All this month my view has been bearish on broad level. I even said this month belongs to Bears. Now its about time.
Hello World!
  • #16,434
  • Sep 23, 2014 11:29am Sep 23, 2014 11:29am
Dear CT , thanks for keep adding long positions to feed my bear& short trades looool
  • #16,435
  • Sep 23, 2014 12:46pm Sep 23, 2014 12:46pm
Quoting ClockTrader
{quote} I see hundreds of people visiting this thread daily, but, hardly a few people share their short positions here when they sell.
I can share my current active positions. 1232.95, 1225.80 & 1224.04. All targeting 1175, 0.05 Lot size.
Hope they run all the way

//Sera
  • #16,436
  • Sep 23, 2014 9:12pm Sep 23, 2014 9:12pm
gold spiked because of Us attack on ICIS
  • #16,437
  • Sep 23, 2014 10:59pm Sep 23, 2014 10:59pm
long added 1214, 1240, total 100 units. will add more if drops to 1180-1150. target min 1350.
  • #16,438
  • Sep 24, 2014 12:50am Sep 24, 2014 12:50am
Quoting gemy
Dear CT , thanks for keep adding long positions to feed my bear& short trades looool
I'll be adding more later this week, maybe you might wanna add more shorts against my longs :-)

I have shorts too, I had opened these above 1310, where are your shorts located?
Hello World!
  • #16,439
  • Sep 24, 2014 12:51am Sep 24, 2014 12:51am
Quoting Seraphan
{quote} I can share my current active positions. 1232.95, 1225.80 & 1224.04. All targeting 1175, 0.05 Lot size. Hope they run all the way //Sera
Glad to see you making money..
Hello World!
  • #16,440
  • Sep 24, 2014 12:52am Sep 24, 2014 12:52am
Quoting goldfinger
gold spiked because of Us attack on ICIS
Regardless of what news says, eventually it'll be about how much moolah you made.
Hello World!
11 traders viewing now