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Only Gold!

  • #23,341
  • Feb 20, 2015 10:23pm Feb 20, 2015 10:23pm
On the basis of my observation, I noticed a couple of traders who look serious about what they are doing:

 

  1. Kinspk (good calls)
  2. hyt-tony (good calls)
  3. Xxavier (saw his reports.. not been able to magnify.. but looked good from first instance)

Hello World!
  • #23,342
  • Feb 21, 2015 12:20am Feb 21, 2015 12:20am
In your opinion, what is the best indicators to use for Gold analysis?
All Praise The King of kings and Lord of lords Cuong V Truong
  • #23,343
  • Feb 21, 2015 2:52am Feb 21, 2015 2:52am
Hope PA will be fly high
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  • #23,344
  • Feb 21, 2015 2:56am Feb 21, 2015 2:56am
Quoting Kingofkings
In your opinion, what is the best indicators to use for Gold analysis?
Hi king. I'll answer your question even though its not directed to me. Does support and resistance count as an indicator? thats the only thing that i use. I dont use any indicator. Not even fibs. Only PA and S/R. How about you?what do you use?
  • #23,345
  • Feb 21, 2015 3:38am Feb 21, 2015 3:38am
Quoting don73
{quote} Hi king. I'll answer your question even though its not directed to me. Does support and resistance count as an indicator? thats the only thing that i use. I dont use any indicator. Not even fibs. Only PA and S/R. How about you?what do you use?
Someone once proved to me that RSI overbought, oversold area seems to work perfectly with GOLD.
All Praise The King of kings and Lord of lords Cuong V Truong
  • #23,346
  • Feb 21, 2015 5:44am Feb 21, 2015 5:44am
Quoting ClockTrader
{quote} I can be wrong many times.. feel free to point out when I am :-) no issues at all.. I hope I shall be able to refine my analysis over the next few months..
Nah, you had been right more than you are wrong. Though we don't use the same strategy, sometime seems to inline. And I start picking back VSA from my garage again after seeing some of your calls. Do share more, so we learn all kind of methods. Any methods work on different phase of markets.
The only winner is the one who survive the longest...
  • #23,347
  • Feb 21, 2015 6:01am Feb 21, 2015 6:01am
Quoting Kingofkings
In your opinion, what is the best indicators to use for Gold analysis?
you could also ask 'what is the best song to use for Gold analysis'
according to my experience - there is absolutely no use in any indicator
(of course only my point of view)
SK
Mind is like a parachute - it is useful only if open
  • #23,348
  • Feb 21, 2015 6:06am Feb 21, 2015 6:06am
Quoting kinspk
{quote} Nah, you had been right more than you are wrong. Though we don't use the same strategy, sometime seems to inline. And I start picking back VSA from my garage again after seeing some of your calls. Do share more, so we learn all kind of methods. Any methods work on different phase of markets.
VSA is for me the only way of trading with success. if you understand it well - you cant be hurt by the market, the loss is very limited. and the winners are significant.
Mind is like a parachute - it is useful only if open
  • #23,349
  • Feb 21, 2015 6:55am Feb 21, 2015 6:55am
I will read more about rsi and vsa then.. thanks.
  • #23,350
  • Feb 21, 2015 7:38am Feb 21, 2015 7:38am
Quoting kinspk
{quote} Nah, you had been right more than you are wrong. Though we don't use the same strategy, sometime seems to inline. And I start picking back VSA from my garage again after seeing some of your calls. Do share more, so we learn all kind of methods. Any methods work on different phase of markets.
First I thought I should send you this through pm, but that would have been unfair with other fellas here..

I have shared this before.. here I do this again..

Any person sharing a call must rationalize why he is doing so.. this is a general standard rule everywhere.. that's how other fellas can learn.. BUT.. more than 50% of the logic I share here is a cover of my real analysis.. I can't share it.. I'm sorry if that hurts you.. I know this sucks.. but, this is how it is..

I can't explain the resources like time, energy & money that has gone into developing these systems. But, whatever I share here is part of the analytical systems I follow.
Hello World!
  • #23,351
  • Feb 21, 2015 7:45am Feb 21, 2015 7:45am
Quoting mahooo
Hope PA will be fly high {image}
I hope so too.
may I ask what histogram indicator you using?
  • #23,352
  • Feb 21, 2015 9:14am Feb 21, 2015 9:14am
Dudes, everyone speaking of Gold levels of support and resistance to buy or sell.

One major point you all missed, the weekend gap.

Brokers are comparing possible liquidity in Greece bailout decision to SNB catastrophe.

Anyone opened a position in late minute of Friday close relying on weekend gap only?

That's for sure gambling but the whole market trading is that, maybe less time for gains or losses.

Weekend gap is a gambling tool that may result in either account wipe out or huge gains.

If you were in a decision to buy or sell Gold before seconds of Friday close, what could you done?

I could had sold Gold for open take profit, betting on at least 1182 Sunday open.
  • #23,353
  • Feb 21, 2015 9:26am Feb 21, 2015 9:26am
Quoting ClockTrader
{quote} First I thought I should send you this through pm, but that would have been unfair with other fellas here.. I have shared this before.. here I do this again.. Any person sharing a call must rationalize why he is doing so.. this is a general standard rule everywhere.. that's how other fellas can learn.. BUT.. more than 50% of the logic I share here is a cover of my real analysis.. I can't share it.. I'm sorry if that hurts you.. I know this sucks.. but, this is how it is.. I can't explain the resources like time, energy & money that has gone...
No worry bro, understand your feeling about this. I myself don't like to share everything just like what you mentioned about time, energy and money spent on getting profitable. In trading, it's like a biz, we put in real money and time for R&R, why should we share our findings without any gains when trading is about making money. That's is also a reason I had been self studying CFA, and one day if I'm going to share my sweat out these few years, I definitely going to charge someone with proper portfolio and certification.

Some people will think why don't use demo for testing, but I never see the purpose of using virtual money to test a strategy unless it's only for platform and functionality test. Real money move the markets, not virtual.
The only winner is the one who survive the longest...
  • #23,354
  • Feb 21, 2015 9:35am Feb 21, 2015 9:35am
Quoting Szymon
{quote} VSA is for me the only way of trading with success. if you understand it well - you cant be hurt by the market, the loss is very limited. and the winners are significant.
If it works for you, great. VSA are formulated to give a better/easier display in it's volume bar. If you understand how it is calculated, you don't need the VSA too. As programmers can put it in another form of indicators. Any methods that works, it works, it all depend on the driver if he know how to drive.

I don't trade MA, but even a single line of MA can make you some money. The efficiency of a method can fall under multiple factors, which differentiate winning/losing traders.
The only winner is the one who survive the longest...
  • #23,355
  • Feb 21, 2015 10:13am Feb 21, 2015 10:13am
Quoting Harris27
Dudes, everyone speaking of Gold levels of support and resistance to buy or sell. One major point you all missed, the weekend gap. Brokers are comparing possible liquidity in Greece bailout decision to SNB catastrophe. Anyone opened a position in late minute of Friday close relying on weekend gap only? That's for sure gambling but the whole market trading is that, maybe less time for gains or losses. Weekend gap is a gambling tool that may result in either account wipe out or huge gains. If you were in a decision to buy or sell Gold before seconds...
This is business, not a gambling.
why would i gamble on it, that is the question i would ask myself.
  • #23,356
  • Feb 21, 2015 10:34am Feb 21, 2015 10:34am
Quoting kinspk
{quote} If it works for you, great. VSA are formulated to give a better/easier display in it's volume bar. If you understand how it is calculated, you don't need the VSA too. As programmers can put it in another form of indicators. Any methods that works, it works, it all depend on the driver if he know how to drive. I don't trade MA, but even a single line of MA can make you some money. The efficiency of a method can fall under multiple factors, which differentiate winning/losing traders.
exactly volume (the real one) is in fact the only thing you need to see and understand what is going on on the market at the moment. and at this point the question apears - if vsa tells you everything what for to look for anything more? even if it is possible to program other method which calculates volumes and spreads and/or anything else?

and you are definately correct - "if something works for you, great". and of course if it is simple MA - also great for you the question is what can "give you some money" on a long run?
I know personally only few people who really trade for living and none of them uses any indicator.
of course this is only me experience.
Mind is like a parachute - it is useful only if open
  • #23,357
  • Feb 21, 2015 12:31pm Feb 21, 2015 12:31pm
Quoting Idkurv
{quote} This is business, not a gambling. why would i gamble on it, that is the question i would ask myself.
This is a gambling industry just like the casino, but there are technical and fundamental to work on instead of just thinking and analyzing through the mind.

If you think that any market trading is not gambling, then you have a big problem and SNB catastrophe must wake you up.

Where's money there's risk, up to you to manage it that will lessen losses as gains too or increase it that will increase both.

At end, it's all about the decision if right or wrong that will determine the result.
  • #23,358
  • Feb 21, 2015 6:25pm Feb 21, 2015 6:25pm
Quoting ClockTrader
{quote} I can bet.. you are.. Trade light & safe mate!
we have a bet mate
  • #23,359
  • Feb 21, 2015 8:04pm Feb 21, 2015 8:04pm
It would make sense that gold gets supported at 1180-1200 zone and rallies back up to 1250ish maybe a bit higher......... I'm thinking some risk aversion is going to hit the market soon and US mkts will sell off a bit, if this is the case it may be time to start looking at longing gold for a trade.... Still bearish long term expecting new lows, but in the short term (few months) could be a great trade to long for 1250 etc. Will be watching. Daily momentum is oversold and a rally will have to come sooner or later, Us Mkt sell off would be the trigger.
  • #23,360
  • Feb 21, 2015 9:48pm Feb 21, 2015 9:48pm
Quoting jasakreatif
{quote} we have a bet mate
If your stakes are like 1-2% of your account.. & you are open to take more risk .. you maybe good..

Hello World!
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