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Only Gold!

  • #22,221
  • Feb 1, 2015 6:49am Feb 1, 2015 6:49am
question is asked so please answer what u think about what i asked ?
  • #22,222
  • Feb 1, 2015 6:50am Feb 1, 2015 6:50am
I hope most of you got what I'm trying to explain.. Chats in Yahoo / Skype are personal stuff.. why talk about Gold there?

The very moto behind creating this thread was to share / discuss stuff which would benefit all. Of course, I know when my several calls of mine go wrong, I see many flamers here.. but, we all know how it works..

With that said.. lets use things like chat for personal stuff..

You are most welcome here in the thread to say Hi & Hello to me.. & to others.. I think they also have a separate thread for chit chat here..


Quoting ClockTrader
emad ar: my first question is that ive seen lots of ppl saying that for ex.when the market is bullish it means that buyers are more than sellers . and we know that for a buy there should be a sell and if there isnt then the broker should take the other side of your trade . so when the buyers and sellers should be equal then how that sentence is possible ? i mean why the market moves even when they're equal!! Yahoooooo Arora: dude, don't write these messages here.. post these in the thread.. I may not be able to answer each question of yours.. but...
Hello World!
  • #22,223
  • Feb 1, 2015 6:53am Feb 1, 2015 6:53am
> my first question is that ive seen lots of ppl saying that for ex.when the market is bullish it means that buyers are more than sellers .
> and we know that for a buy there should be a sell and if there isnt then the broker should take the other side of your trade .
> so when the buyers and sellers should be equal then how that sentence is possible ? i mean why the market moves even when they're equal!!

----> When you hear people are buying and thinking price would soar is total BS in my opinion.. One's profit comes from other's loss when his SL is hit..

ONLY PEOPLE INSIDE the exchange know the exact balance.. weight on the long side & short side.. IF weight is too much on the long side, they'll bring price down to hit the buyers..

This is a FAQ, I'll elaborate this in the first post later..
Hello World!
  • #22,224
  • Feb 1, 2015 6:59am Feb 1, 2015 6:59am
This is a very useful trade I believe. I will do my best to contribute here if I can.
  • #22,225
  • Feb 1, 2015 7:05am Feb 1, 2015 7:05am
Quoting Xxavier
ClockTrader, not sure where did you get that FAQ (^_^).. For the person who asked the question: Sellers want to sell for higher price for getting a bigger profit right? When they see there is a higher demand they increase the price. Its all about supply and demand. {quote}
Everyone has a right to think & act on the basis of his analysis & opinion, mine is here..
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Hello World!
  • #22,226
  • Feb 1, 2015 7:27am Feb 1, 2015 7:27am
Quoting Xxavier
ClockTrader, not sure where did you get that FAQ (^_^).. For the person who asked the question: Sellers want to sell for higher price for getting a bigger profit right? When they see there is a higher demand they increase the price. Its all about supply and demand. {quote}

i did ask .

CT isnt that hard to try to take profit out of a system that u dont know nothing of even how and why its moving up or down???
  • #22,227
  • Feb 1, 2015 7:35am Feb 1, 2015 7:35am
my view about gold.....
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  • #22,228
  • Edited 9:12am Feb 1, 2015 7:51am | Edited 9:12am
Quoting E3a
{quote} i did ask . CT isnt that hard to try to take profit out of a system that u dont know nothing of even how and why its moving up or down???
After fews years* of trading, you'll begin to get a hang of it..

hrs = years **
Hello World!
  • #22,229
  • Feb 1, 2015 9:17am Feb 1, 2015 9:17am
CT, I would like to ask a question if you dont mind

We know that there are 4 kinds of traders in the futures market
the producers, swap dealers, professional traders (hedge fund etc) and the retail traders

so, according to your answer above, are you saying that the swap dealers are the one who are responsible for the major market movement?
  • #22,230
  • Feb 1, 2015 9:37am Feb 1, 2015 9:37am
Quoting grandia
CT, I would like to ask a question if you dont mind We know that there are 4 kinds of traders in the futures market the producers, swap dealers, professional traders (hedge fund etc) and the retail traders so, according to your answer above, are you saying that the swap dealers are the one who are responsible for the major market movement?
I don't have good knowledge of how swap dealing works.. Regardless of how it works.. Its always about the weight balance.. the side towards which the balance tilts... IF swap dealers's trades are big enough to move this balance, then yes.. BUT how do you know? I repeat.. ONLY the fellas & systems inside the exchange know where price is going.. Even if a big Bank has few hundred tons of short Gold doesn't mean price will shoot..

Retail traders could possibly outweigh swap dealers.. or vice-versa.. None of us knows how much weight is being traded at what levels? ONLY the fellas & systems inside the exchange know..

The only way for exchange to pay people making money is by hitting SLs, there is f*&** no other way IMO

Read related ques below:

Ques: When price is soaring, that means people are buying, right?
Ans: IF you are talking in a market where leverage is 1:1 & SLs don't exist, then YES! Otherwise, when you see price climbing, that means people have been selling and now their SLs are being hit. One's profit comes from other's loss when his SL is hit..

ONLY PEOPLE INSIDE the exchange know the exact balance.. weight on the long side & short side.. IF weight is too much on the long side, they'll bring price down to hit the buyers..
Hello World!
  • #22,231
  • Feb 1, 2015 10:11am Feb 1, 2015 10:11am
Quoting ClockTrader
{quote}One's profit comes from other's loss when his SL is hit....
Right, your point does make sense
thx CT
  • #22,232
  • Feb 1, 2015 10:21am Feb 1, 2015 10:21am
Quoting ClockTrader
{quote} ONLY PEOPLE INSIDE the exchange know the exact balance.. weight on the long side & short side..
I don't think this is allowed. This could cause serious market manipulation issues.
I am not sure how the price works exactly but it should just work like normal stock exchange.
There are always people queueing at BID and ASK.

For eg: the Swiss incident on 15 Jan 2015:
My friend was longing USD/CHF @1.02 with a sl of 100 pips (that means trade will automatically exit @1.01 if the trade went wrong)
However he couldn't. Instead his trade was exited at 0.92 with 1000 pips cut loss. But why? The reason is simple, that's because no one is queueing at 1.01 BID price. The best BID price with buyer queueing there was only 0.92.
It doesn't always mean another guy has to lose when one guy is taking profit. You tp/sl as long as there is one guy who is willing to buy.

I guess I know what you are trying to tell here about hitting SLs but that should be referred only to decide momentum in gold price. When there is imbalance in the contract, the big players will use a lot of money to push the gold price to their favour. Those SLs should be something like CBBCs expiration.
  • #22,233
  • Feb 1, 2015 11:47am Feb 1, 2015 11:47am
this is what i see on gold . On hourly it may retrace 1271-1261 before continuing its upward journey.
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  • #22,234
  • Feb 1, 2015 12:22pm Feb 1, 2015 12:22pm
Quoting TotallNewbie
{quote} I don't think this is allowed. This could cause serious market manipulation issues. I am not sure how the price works exactly but it should just work like normal stock exchange. There are always people queueing at BID and ASK. For eg: the Swiss incident on 15 Jan 2015: My friend was longing USD/CHF @1.02 with a sl of 100 pips (that means trade will automatically exit @1.01 if the trade went wrong) However he couldn't. Instead his trade was exited at 0.92 with 1000 pips cut loss. But why? The reason is simple, that's because no one is queueing...
Hi, I agree with you.
And don't forget not everyone is daytradeing and high leveraging. If I made 10% last year, my broker got 6%, so I actually got 4%.
Using daytrading olnly to cut the commision..

And, ClockT. no matter what account you are using, I value your opinion much, I use it like brainstorming..
Keep doing the good work you are doing with this tread!
PVSRA
  • #22,235
  • Feb 1, 2015 12:35pm Feb 1, 2015 12:35pm
Quoting ClockTrader
{quote} Here comes another funny guy.. Forex Trading for Indian individuals is illegal, I tried, got notices.. with that said, it doesn't mean I can't trade Gold in India commodity markets.. Yes, I do trade here (contracts). Additionally, I just posted a screenshot, that is 100% real account.. its always been real. Only thing it doesn't belong to me as I can't have it. Its a friend's account who is located in OZ. Thanks for understanding!
Hi Clock Trader!

I am from Chennai. Been trading in forex since three years in international currencies and gold (xauusd) with an UK broker's whose wholly owned subsidiary office branch is located. All my pay-in pay-outs are converted into INR though I do make profits/losses in international market. My auditor also accepts these accounts for filing income tax.

You said its illegal in India. I am little confused. Dont know much on this and dont know who is wrong either you or me.

Thanks if you clarify me with some details to my mail id : [email protected]
  • #22,236
  • Feb 1, 2015 1:10pm Feb 1, 2015 1:10pm
GOLD 4H Chart:
Cheers, U2
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Wait, or you will be slaughtered!
  • #22,237
  • Feb 1, 2015 2:38pm Feb 1, 2015 2:38pm
Quoting ssaqeel
this is what i see on gold . On hourly it may retrace 1271-1261 before continuing its upward journey. {image} {image}
The first target in this upward journey is 1320 for me as well :

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Value is nothing, Price is everything
  • #22,238
  • Feb 1, 2015 3:58pm Feb 1, 2015 3:58pm
Commercials are Oh So Bearish... notice how the small specs are as bullish as they were at the last top.... mmmhmmmmm. I'll stick to selling. Good luck this week boys. I'm kicking day trading for a while and sticking to long term investing/ longer term big plays. That's where the money is for me. Day trading, as Jesse Livermore said, is too tough on the emotions... at least it is for me.
GL! And always trade smaller than you think you should, way smaller!
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  • #22,239
  • Feb 1, 2015 4:25pm Feb 1, 2015 4:25pm
About price movement, I think:
when exchange doing, of Couse the seller and the buyer are equal; but at bid and ask period, the seller always not equal with the buyer, which is bigger then the price will move to it's side.
Trust yourself maybe will be wrong,doubt yourself absolutely will be wrong
  • #22,240
  • Feb 1, 2015 5:30pm Feb 1, 2015 5:30pm
add short position, SL @1290
Just trade by TA, even if the result maybe will be wrong.
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Trust yourself maybe will be wrong,doubt yourself absolutely will be wrong
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