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Only Gold!

  • #21,461
  • Jan 15, 2015 7:48am Jan 15, 2015 7:48am
woohoo
time to plan to sell
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  • #21,462
  • Jan 15, 2015 7:59am Jan 15, 2015 7:59am
Wait for a resistive candle.
  • #21,463
  • Jan 15, 2015 8:01am Jan 15, 2015 8:01am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Yet not finished. As I said, I plan for the longer term. I am still holding to my view as I have liquidity available and what if it went wrong, we can't be right all the time. So tomorrow would be a new day

I bought enough oil at 44.50 and kept buying on its way up. Sold Euro so what if gold went off my calculation.
  • #21,464
  • Jan 15, 2015 8:03am Jan 15, 2015 8:03am
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  • #21,465
  • Jan 15, 2015 8:13am Jan 15, 2015 8:13am
Quoting ClockTrader
Just took a look at CHF, have they come down to robbing in daylight now? {quote}
The irony was that I was short the USD/CHF but I took the profits too soon!!! A few traders made some real big $$$, while many were probably wiped out by the move. I have a few shorts open from 1258, but I am waiting to see the dust settle before I add risk. In EUR/USD shorts as I think we'll see 1.15 again, and possibly 1.10. Longer term (in the next 6 months), I see gold going lower too. Maybe we'll catch the top of the top?
"The market can remain irrational longer than you can remain solvent"
  • #21,466
  • Jan 15, 2015 8:30am Jan 15, 2015 8:30am
Quoting anton.olff
{quote} The irony was that I was short the USD/CHF but I took the profits too soon!!! A few traders made some real big $$$, while many were probably wiped out by the move. I have a few shorts open from 1258, but I am waiting to see the dust settle before I add risk. In EUR/USD shorts as I think we'll see 1.15 again, and possibly 1.10. Longer term (in the next 6 months), I see gold going lower too. Maybe we'll catch the top of the top?
Lets look at the bigger pic..

Sell light in the range 1250-1300 (covering risk.. this is in theory), Once in neat profit..

  1. Target June-2015, Take some profit
  2. Hedge 80% (of these remainder shorts) in June 2015

​
Repeat this cycle for 4-5 yrs.. (sell before Jan end)
​​
Risk Disclaimer

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all traders/investors. Past performance is not indicative of future results, for eg: Golden Seasons. The high degree of leverage can work against you as well as for you. You can lose all the money you have invested.

Use your MM and trade at your own risk.

Hello World!
  • #21,467
  • Jan 15, 2015 8:31am Jan 15, 2015 8:31am
h4 needs a retrace towards 123x
COT: The precious data ignored
  • #21,468
  • Jan 15, 2015 8:34am Jan 15, 2015 8:34am
Done with shorts, looking for 1283+ in near future.
  • #21,469
  • Jan 15, 2015 8:53am Jan 15, 2015 8:53am
Quoting Ck87
Done with shorts, looking for 1283+ in near future.
1303+ then if we go that high

But i'll be tempted to short a new highs if followed by sellers
COT: The precious data ignored
  • #21,470
  • Jan 15, 2015 9:41am Jan 15, 2015 9:41am
USD index up again
  • #21,471
  • Jan 15, 2015 9:56am Jan 15, 2015 9:56am
Quoting ClockTrader
{quote} Lets look at the bigger pic.. Sell light in the range 1250-1300 (covering risk.. this is in theory), Once in neat profit.. Target June-2015, Take some profit Hedge 80% (of these remainder shorts) in June 2015 ​ Repeat this cycle for 4-5 yrs.. (sell before Jan end) ​​ Risk Disclaimer Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all traders/investors. Past performance is not indicative of future results, for eg: Golden Seasons. The high degree of leverage can work against you...
Thinking along similar lines....
"The market can remain irrational longer than you can remain solvent"
  • #21,472
  • Jan 15, 2015 11:50am Jan 15, 2015 11:50am
hello guys ,,,,hello CT its been long time
... hoep all are doing good .....
  • #21,473
  • Jan 15, 2015 11:54am Jan 15, 2015 11:54am
now lets play the game .... ..looking to take long shorts around 1260-1300 ......long TGTS 1080-980 .... for intraday ... max upside 1267-75 n down wards to 1250.. i took small short tgt 1255-50
  • #21,474
  • Jan 15, 2015 1:01pm Jan 15, 2015 1:01pm
It looks like a better short now, but volume is weak. Short silver looks better
COT: The precious data ignored
  • #21,475
  • Jan 15, 2015 5:16pm Jan 15, 2015 5:16pm
So end of day yesterday turned out to be bullish volume. Today bearish. I believe we're close to the top. 1280-1300 area possibly? I will be looking for signs and building a position. Looking to make new lows on gold so this will be a more "long term" hold. Momentum is really up there now on the daily.... it will be nasty when it turns down.
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  • #21,476
  • Jan 15, 2015 6:55pm Jan 15, 2015 6:55pm
Quoting anton.olff
{quote} Thinking along similar lines....
@1259

Testing shorts with buy stops @ 1280-90, 1300~
Hello World!
  • #21,477
  • Jan 15, 2015 7:52pm Jan 15, 2015 7:52pm
Unsteadiness..., yesterday overbought. Maybe today will be correction or still up to 1300
Quoting rambo12
hello guys ,,,,hello CT its been long time ... hoep all are doing good .....
  • #21,478
  • Jan 15, 2015 8:03pm Jan 15, 2015 8:03pm
Quoting rambo12
now lets play the game .... ..looking to take long shorts around 1260-1300 ......long TGTS 1080-980 .... for intraday ... max upside 1267-75 n down wards to 1250.. i took small short tgt 1255-50
Quoting rambo12
hello guys ,,,,hello CT its been long time ... hoep all are doing good .....
hi there mate..

Please trade lightly & safely.. I gave a view to sell from 1250-1300 range.. that was a seasonal view.. based on trends which can fail.. nevertheless, most indicators of mine say short.. except one.. as we approach towards expiry i.e. starting around early-mid next week.. all my indicators would appear to be giving a short signal..

Once we are into next week.. I also plan to sell in IN (contracts)

Trade Light & Safe..
Hello World!
  • #21,479
  • Jan 15, 2015 8:43pm Jan 15, 2015 8:43pm
Quoting heispark
<4H> {image} {image}
Attached Image
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #21,480
  • Jan 15, 2015 10:33pm Jan 15, 2015 10:33pm
Quoting ClockTrader
{quote} {quote} hi there mate.. Please trade lightly & safely.. I gave a view to sell from 1250-1300 range.. that was a seasonal view.. based on trends which can fail.. nevertheless, most indicators of mine say short.. except one.. as we approach towards expiry i.e. starting around early-mid next week.. all my indicators would appear to be giving a short signal.. Once we are into next week.. I also plan to sell in IN (contracts) Trade Light & Safe..
All mkts usually like to do that one last shot in the opposite direction it's about to go.... so gold IMO will be no different. We'll get 1 last shot up, towards 1280-1300 range, and that will be it. This is what I'm going to patiently wait for and hope for, and hopefully that'll be the end for gold. It will be an incredible opportunity if so. wish you all well trade light and never get married/ go all in on a position!
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