Only Gold! | Page 1237 | 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!

  • #24,721
  • Mar 20, 2015 9:02pm Mar 20, 2015 9:02pm
Quoting Pair-me-up
{quote} I haven't yet bought any service from a commercial trader as of yet Clock Trader... However, I don't believe that Nitsan is jacking your thread.. You are offering a pay for signal service. Nitsan is offering to teach others how to trade. Furthermore..Nitsan posts many charts that show his entries and exits. He gives lots of explanations for his technical decisions. Anyways... not trying to offend anyone.. I am just merely making an observation. And Nitsan really did attract a lot more traders to your thread with his calls... Anyways... GL...
I can go out on each thread.. post my thread link there.. What do you think that means?

I agree he is a good trader, I was first on this forum to recognize his skills when he was new here.. I like his skills and he is like a buddy to me.. I appreciate all that he does for the welfare of the fellas.
Hello World!
  • #24,722
  • Mar 20, 2015 9:07pm Mar 20, 2015 9:07pm
Quoting TotallNewbie
{quote} Yeah, probably Clock should just share with us on how to analyse using VVSA rather than just telling us it is bottom/top suddenly. I bet most traders here have no idea what do you mean by bottom/top out without a chart to illustrate it. You can still keep your signals for those to pay you. Different people have different interpretation even if they learn how to use your VVSA. I think it is good to attract more subscribers if you can explain more about VVSA in details.
Red Volume bar is peakout
White volume bar is bottom out..

you can change colors..

Its a free indicator you can download it from below link:

Free Indicator


How long does it take for a person before he can perform a surgery? He has to study medicine for many years.. gain expertise.. and what not? Plumber? an Engineer??

My point is it takes time.. most new traders think they can download an indicator and start making money.. that's wrong..

I'm going to write an article on how to use VVSA, but, be informed, that it takes years of practice.. You would need to reach a stage where you can feel the PA.. that jitteriness and calmness in waves on M5-M15

I will try my best.. others here can contribute too..
Hello World!
  • #24,723
  • Mar 20, 2015 10:59pm Mar 20, 2015 10:59pm
I think gold will go down @monday CMIWW
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD.jpg Size: 283 KB
  • #24,724
  • Mar 20, 2015 11:13pm Mar 20, 2015 11:13pm
Quoting SkyzerFX
{quote} Weekend rant: Bubble??? LOL Which bubble? on M1 chart? Bubble is in bonds and stocks, not in GOLD nor Silver, expect this to reverse soon.. This is the last Dollar Honeymoon.. More and more Countries diversifying from $USD.. You know WHY London didn't sold off today (Friday 3/10?)? well, Monkey LONDON GOLD fix is GONE pretty much... "Almost a century of tradition will disappear from the gold market as technology takes over. Thursday will be the last day that traders at four banks agree by phone twice-daily on prices used by miners to central...
Man, you're starting to sound a conspiracy theorist now, how many tin foil hats do you wear, you might see a come back in gold, but it won't be for a decade at least, bull market was 10 years+, this bear market will be 10 years+

I'm thinking between 2020 and 2025 you might see gold at 1600 again. But not before then, these things take time.
  • #24,725
  • Mar 20, 2015 11:19pm Mar 20, 2015 11:19pm
Most of what you write here, appears rant to me.. no offense, nothing personal..

It is in the process of peaking out.. this could go up a little more.. 1195-1200 tops in my view..

After the expiry correction, yes, this will definitely bounce.. nice Bull rally.. could go way above 1200

Right now my focus is how low it can go during the expiry week..


Quoting SkyzerFX
{quote} Weekend rant: Bubble??? LOL Which bubble? on M1 chart? Bubble is in bonds and stocks, not in GOLD nor Silver, expect this to reverse soon.. This is the last Dollar Honeymoon.. More and more Countries diversifying from $USD.. You know WHY London didn't sold off today (Friday 3/10?)? well, Monkey LONDON GOLD fix is GONE pretty much... "Almost a century of tradition will disappear from the gold market as technology takes over. Thursday will be the last day that traders at four banks agree by phone twice-daily on prices used by miners to central...
Hello World!
  • #24,726
  • Mar 20, 2015 11:23pm Mar 20, 2015 11:23pm
Quoting Stockman
{quote} Man, you're starting to sound a conspiracy theorist now, how many tin foil hats do you wear, you might see a come back in gold, but it won't be for a decade at least, bull market was 10 years+, this bear market will be 10 years+ I'm thinking between 2020 and 2025 you might see gold at 1600 again. But not before then, these things take time.
I agree with trends in decades.. Major bottom of the decade should appear by the end of this decade.. by 2018-19 IMO

This year, when it climbs.. it's gonna fly through sky.. like it did in Jan-2015.. 1300 was a surprise for me..
and when it falls.. it's gonna fall bad.. like it went way down to 1140 levels..

last few days' bounce to 1185 levels was a surprise too.. however, I won't be surprised if it climbs another 10-15 $s from current price of 1182
Hello World!
  • #24,727
  • Mar 21, 2015 1:53am Mar 21, 2015 1:53am
Quoting ClockTrader
Most of what you write here, appears rant to me.. no offense, nothing personal.. It is in the process of peaking out.. this could go up a little more.. 1195-1200 tops in my view.. After the expiry correction, yes, this will definitely bounce.. nice Bull rally.. could go way above 1200 Right now my focus is how low it can go during the expiry week.. {quote}
Seems strange to me as well seeing that a major trend line has been broken, however I see some price retracement coming up early next week but definitely to go back up and resume the uptrend and possibly last till Thursday or end of the week...but I will most definitely change my views if price goes below 1160.
Less is more...
  • #24,728
  • Mar 21, 2015 3:31am Mar 21, 2015 3:31am
Quoting ClockTrader
As visible in TE, I hedged my shorts in that circle.. it was a bottom out.. I could see a price-shoot coming.. was not prepared for longs.. Thus, reduced my loss.. {image}
Bro no offence, you got your VSA analysis wrong. The white volume bar you point to, is 2 candles later. You took a after-scene reference which is not valid for bottom out. The while volume bar is the 1st bearish candle. If its a live trade and the white volume bar appeared, it will not be a bottom out, thats why you are still in a bearish sentiment.
The only winner is the one who survive the longest...
  • #24,729
  • Mar 21, 2015 7:02am Mar 21, 2015 7:02am
Quoting ClockTrader
{quote} I agree with trends in decades.. Major bottom of the decade should appear by the end of this decade.. by 2018-19 IMO
You both guys are 2 permanent shorts, One calling facts "conspiracy" theory..

Major bottom in 2025???? LoL, you will be lucky, if Dollar will still exists by then.. Can you "stockman"

do simple calculations? Do you know what current US DEBT is? Not only External.. Watch that clock,

dude: http://www.usdebtclock.org/ Just external DEBT alone 110% to GDP.. And what do you expect by 2025?

By the speed is rising that be what? 300 Trillion? More? I'll quote you soon, you said that by 2018 I won't see gold above 1600?

Yeah, right. Good luck.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #24,730
  • Mar 21, 2015 7:24am Mar 21, 2015 7:24am
Quoting srt
{quote} Getting a bit of a "rounding bottom" pattern here in gold. {image}
"Rounding bottom" near target area. Pullback likely there but need to see if reversal or break-through for continued higher.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD!H1.png Size: 27 KB
  • #24,731
  • Mar 21, 2015 7:31am Mar 21, 2015 7:31am
Quoting SkyzerFX
{quote} You both guys are 2 permanent shorts, One calling facts "conspiracy" theory.. Major bottom in 2025???? LoL, you will be lucky, if Dollar will still exists by then.. Can you "stockman" do simple calculations? Do you know what current US DEBT is? Not only External.. Watch that clock, dude: http://www.usdebtclock.org/ Just external DEBT alone 110% to GDP.. And what do you expect by 2025? By the speed is rising that be what? 300 Trillion? More? I'll quote you soon, you said that by 2018 I won't see gold above 1600? Yeah, right. Good...
Agree with the timing. I think gold will bottom much sooner.
Watch what china is doing. Buying large amounts of gold. Encouraging citizens to buy gold. Starting gold trading exchange. Making deals with Russia & other countries to trade products without having to buy US$ for transactions. Starting to sell US treasuries.
All pointing to gold going higher at some point. Just a question of when.
  • #24,732
  • Mar 21, 2015 7:44am Mar 21, 2015 7:44am
Quoting SkyzerFX
{quote} You're going to have PAPER spot GOLD trading at 20$ and real gold will be at $5k+... Stick this to your fridge..
I've heard this from others for several years now but I don't see how this can happen for a couple reasons.

1-Paper (futures/ETFs) can be exchanged for the physical product so if the paper would get much lower than the physical, investors would start buying paper at the lower price, taking physical delivery, then selling the physical @ a higher price. Currently less than 5% of futures contracts are assigned for delivery but if there were to be a large difference between paper & physical, that would change. Look at what's happening in oil now. Investors are taking physical delivery of the front-month contract, storing the oil on tanker-ships, & selling the oil on the deferred contracts for a good profit even after paying the storage costs.

2-If paper got that much lower than physical, the paper market would cease to exist. Would you trade the paper if it was priced even 25% below physical? I know I wouldn't touch it & I'm guessing not many would so the paper market would die. Hedgers would have no use if it was so much lower than the physical.
  • #24,733
  • Mar 21, 2015 7:50am Mar 21, 2015 7:50am
Quoting SkyzerFX
{quote} ...Monkey LONDON GOLD fix is GONE pretty much... ..
This means what exactly?

And in short...you'll be long or short gold and when? ...next week, month?
Thx
  • #24,734
  • Edited 8:46am Mar 21, 2015 8:35am | Edited 8:46am
Quoting ClockTrader
{quote} I can go out on each thread.. post my thread link there.. What do you think that means? I agree he is a good trader, I was first on this forum to recognize his skills when he was new here.. I like his skills and he is like a buddy to me.. I appreciate all that he does for the welfare of the fellas.
Sure you or anyone can post information as you like about anything you like. Even forex factory has advertisements on the left of this very screen that you are looking at.
People have different tastes and different trading styles...

If you are confident in what you do then you have nothing to worry about. I know tons of people that want to invest put they just want a signal service.. like what you provide. And then there are people that want to learn how to find their own signals.. you know the do it yourself-ers. In my opinion.. most people that want a signal service won't come to forex factory for it. They will look for specific sites that sell signals. Most people come to forex factory.. because the concept is that an individual can be manufactured into a trader.

To give you an analogy..... You are like a person that sells bottles of clean fresh water. Those people don't need to nor want to get it their own. Nitsan sells a service for the do it yourself-ers... He is the person that says... I will teach you how to dig and build your own well... It won't be easy but you can do it. Or I can say that you are like a restaurant that cooks for the customer... and Nitsan gives cooking lessons. Anyhow... I don't think it is a big deal... if it is... please get forex factory to get rid of the advertising that is on all of their webpages, including all of the threads.. By the way... as far as gold...There is some area of supply between 1190 and 1200.. And on the low side.. I see that there is some strong demand at around 1130... However, I am on the slow 50 year learning curve... I am a do it yourself-er... So, although I think you are a generally patient trader... I won't be buying your signals. I do think you are brave for offering them though. I am mean...if it was me... and someone lost money on one of my signals.. then I would feel bad. I wouldn't be able to sleep at night.. but hey.. to each their own. Anyways... let's all make great money trading the market shall we.?
Luck has no place in trading. Leave that for the poker table.
  • #24,735
  • Mar 21, 2015 9:33am Mar 21, 2015 9:33am
Hello CT! and all contributors to the thread......!!!

I am beginner to FOREX and at the moment having feeling of losses... and pressure with hedges ......!!!
Reading this thread, I am learning new things, ways of thinking and analysis ....
when the BIG guys .... exchange their views and opinions....
it very good passage for me to learn and understand more.....and more
so the values of you BIG guys' thoughts and words and more helpful for me....

this is just to say to say..... CT and all other contributors ......
THANK YOU for all yours good words and thoughts which are not personal to anyone but to exchange knowledge and views as per the individual's best!!!
  • #24,736
  • Mar 21, 2015 9:45am Mar 21, 2015 9:45am
Quoting srt
{quote} 1-Paper (futures/ETFs) can be exchanged for the physical product so if the paper would get much lower than the physical, investors would start buying paper at the lower price, taking physical deliver
Well yes and no, I remember 1 time LBMA settle for premium in cash instead of GOLD delivery. Figure out how much Registered

Gold there is at Comex and what is the Daily Volume. I told you there is less than 1 Billion $ worth of Registered (Eligible for delivery)

Phiz GOLD and Sometimes Manipulator monkeys dropping like 3 billion $ worth of paper Gold in 1 shot.

What the heck they selling? Definitely not GOLD, cause it's not exists.

So far it's only worked because less than 2% And more likely less than 1%

taking Delivery. Comex can and probably will default on Delivery. Paper Leverage too high..

Anyways none of that matters for daytraders who scalping trend here and there. So, we'll see.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #24,737
  • Edited 12:28pm Mar 21, 2015 11:30am | Edited 12:28pm
Quoting SkyzerFX
{quote} Well yes and no, I remember 1 time LBMA settle for premium in cash instead of GOLD delivery. Figure out how much Registered Gold there is at Comex and what is the Daily Volume. I told you there is less than 1 Billion $ worth of Registered (Eligible for delivery) Phiz GOLD and Sometimes Manipulator monkeys dropping like 3 billion $ worth of paper Gold in 1 shot. What the heck they selling? Definitely not GOLD, cause it's not exists. So far it's only worked because less than 2% And more likely less than 1% taking Delivery. Comex can and probably...
Completely agree, there's waaaaaaay more paper than the gold available to back it but if those 2% start experiencing problems when they try taking physical delivery, the market will get this news quickly & liquidity will dry up in a hurry until the problem is fixed. That's why I can't see the big disconnect between the paper & physical for any extended length of time. As you say, since we're mostly scalpers this isn't an issue unless you're accumulating a longer-term position in paper.

***172,750 ounces of gold (approx. $204 million) withdrawn from GLD etf yesterday so as long as participants can continue to make withdrawals when requested, not a problem.
***67,368 ounces withdrawn from Comex-approved depositories on Thursday.
  • #24,738
  • Mar 21, 2015 1:46pm Mar 21, 2015 1:46pm
Quoting imdisaait
Hello CT! and all contributors to the thread......!!! I am beginner to FOREX and at the moment having feeling of losses... and pressure with hedges ......!!! Reading this thread, I am learning new things, ways of thinking and analysis .... when the BIG guys .... exchange their views and opinions.... it very good passage for me to learn and understand more.....and more so the values of you BIG guys' thoughts and words and more helpful for me.... this is just to say to say..... CT and all other contributors ...... THANK YOU for all yours good words...

I don't recommend hedging for beginner. Just cut loss when the trade goes wrong and try again from another entry point. Try to focus one directional trading (either focus long only or short only). Then, learn how to long from support and short from resistance. You can be profitable as long as you know how to define support and resistance.
Next will be your trading style. Do you want to be a scalper or a swing trader? For me, I normally aim for medium term trading where I will hold my position for several days and consider of taking profit or cut loss only when gold has moved about $10-50.

Don't worry about your losses now, every successful trader begins his/her journey from losing. How much you lose now = how much you can earn in future.
  • #24,739
  • Mar 21, 2015 1:56pm Mar 21, 2015 1:56pm
Quoting ClockTrader
{quote} Red Volume bar is peakout White volume bar is bottom out
Actually I am just curious to know about the theory behind VVSA. Quoting the chart you have posted @post 24714, isn't it very confusing if the volume bar was red and then turn white? How do you choose red/white bar to make your entry?
  • #24,740
  • Mar 22, 2015 12:43am Mar 22, 2015 12:43am
Quoting TotallNewbie
{quote} I don't recommend hedging for beginner. Just cut loss when the trade goes wrong and try again from another entry point. Try to focus one directional trading (either focus long only or short only). Then, learn how to long from support and short from resistance. You can be profitable as long as you know how to define support and resistance. Next will be your trading style. Do you want to be a scalper or a swing trader? For me, I normally aim for medium term trading where I will hold my position for several days and consider of taking profit...
Hi TN!

thx for your reply and advices, i agree. hedging is not comfortable for me, i understood. its my fault i was reluctant to accept the loss so tend to hedgeing which put me into further difficult situation.

And you r right further if i happened to try in one side during last 1.5months i will be in some richer now.
further identifying support and resistance also key things... thanks thats true.

scalper = very term trading and swing = longterm trading ...is that so...as i understood so far. i trained to go short term......but should focus medium and bit longer version as i realized....what u suggested is more better i guess....

i accpet and respect your suggest TN...now i am to start agin from the begining with new investment from next week.....

cheers TN!
10 traders viewing now