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Only Gold!

  • #24,861
  • Mar 29, 2015 7:52am Mar 29, 2015 7:52am
"Week Ahead: Non-Farm Payrolls Forecast 230k" = Easy money.. Turn on my LONDON sell EA again.
Freaking crooks will knock GOLD down no matter what the numbers are. They was keeping GOLD under 1200
whole week, knocking every overnight pops. GOLD is manipulated and managed. PERIOD. SELL.
By SELL I mean target probably 1150 somewhere there. Unless of course full blown middle east war breaks out
of Yemen? Ok then still at least easy 1170 Target still.. 30$ to play.. Won't go any lower than that..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #24,862
  • Mar 29, 2015 9:02am Mar 29, 2015 9:02am
thank
  • #24,863
  • Mar 29, 2015 6:55pm Mar 29, 2015 6:55pm
Quoting SkyzerFX
"Week Ahead: Non-Farm Payrolls Forecast 230k" = Easy money.. Turn on my LONDON sell EA again. Freaking crooks will knock GOLD down no matter what the numbers are. They was keeping GOLD under 1200 whole week, knocking every overnight pops. GOLD is manipulated and managed. PERIOD. SELL. By SELL I mean target probably 1150 somewhere there. Unless of course full blown middle east war breaks out of Yemen? Ok then still at least easy 1170 Target still.. 30$ to play.. Won't go any lower than that..
1140 coming guaranteed, already broken down on daily, H4, H1 M15 etc...1170 on payroll, then we'll get a 5.4% printed to get it below 1140 this time.

Bull trap is set! short all the way to the bank
  • #24,864
  • Mar 29, 2015 7:30pm Mar 29, 2015 7:30pm
Quoting SkyzerFX
"Week Ahead: Non-Farm Payrolls Forecast 230k" = Easy money.. Turn on my LONDON sell EA again. Freaking crooks will knock GOLD down no matter what the numbers are. They was keeping GOLD under 1200 whole week, knocking every overnight pops. GOLD is manipulated and managed. PERIOD. SELL. By SELL I mean target probably 1150 somewhere there. Unless of course full blown middle east war breaks out of Yemen? Ok then still at least easy 1170 Target still.. 30$ to play.. Won't go any lower than that..
The sooner you realize gold is a dead relic and has not purpose, the sooner you'll actually make money instead of complaining about the bag of Barrick you're holding...dump your miners and move on man.
  • #24,865
  • Mar 29, 2015 8:02pm Mar 29, 2015 8:02pm
Quoting Stockman
{quote} The sooner you realize gold is a dead relic and has not purpose, the sooner you'll actually make money instead of complaining about the bag of Barrick you're holding...dump your miners and move on man.
actually Gold have alot of usage, just that the current price is too high to be used in industries setting.

once gold drop below 20 per ounce, we might see Gold wire or Gold speaker, anything that require electricities would work very nicely with Gold, provided that scientist dont find a way to mass product nano carbon ... at that point, Gold is absolutely pointless in term of value and usage
  • #24,866
  • Mar 29, 2015 8:06pm Mar 29, 2015 8:06pm
Quoting Stockman
{quote} The sooner you realize gold is a dead relic and has not purpose, the sooner you'll actually make money instead of complaining about the bag of Barrick you're holding...dump your miners and move on man.
Gold is down 37% from highs.
EU is down 32% from highs.
GU is down 29% from highs.

All currencies are just fancy paper with ink.
Gold is just a shiny metal with not many uses other than a currency.
If faith is lost in the value of either, both can continue to drop.

Why are China & Russia continuing to buy gold in large quantities & NOT stockpiling EU, GU, etc.....?
Why is China encouraging it's citizens to buy gold?
Why is China starting a new gold exchange?
Answer to these questions have to do with the removal of the US$ as a reserve currency? So is that the next currency to LOSE value?

I'm not picking sides here, just that I could make arguments on both sides of the debate.
  • #24,867
  • Edited 8:29pm Mar 29, 2015 8:11pm | Edited 8:29pm
Quoting srt
{quote} Gold is down 37% from highs. EU is down 32% from highs. GU is down 29% from highs. All currencies are just fancy paper with ink. Gold is just a shiny metal with not many uses other than a currency. If faith is lost in the value of either, both can continue to drop. Why are China & Russia continuing to buy gold in large quantities & NOT stockpiling EU, GU, etc.....? Why is China encouraging it's citizens to buy gold? Why is China starting a new gold exchange? Answer to these questions have to do with the removal of the US$ as a reserve currency?...
China have tradition of buying Gold, their central bank can only buy Gold and properties as a reserve(LAW IS LAW!)... so not much of their bank to do other than to buy Gold and properties once they have surplus of money. So i might think twice about investing in Gold due to China buying habit... which is form from thousand of years of tradition which might not be useful in current day and time.

Russia is a different story... they are buying their own Gold from their own Gold mine... which noone want now(embargo?) .

http://www.forbes.com/sites/gordonch...ities-of-gold/
  • #24,868
  • Mar 29, 2015 9:37pm Mar 29, 2015 9:37pm
Either way it's useless to buy miners until most of them are BK

I'll tell you when gold will bounce back up, it's when no one is talking about it anymore and it's long forgotten because of it's drop from $1900 to $200

Who will want to buy it when it will head from $200 to $50/oz
  • #24,869
  • Mar 30, 2015 2:16am Mar 30, 2015 2:16am
Quoting SkyzerFX
"Week Ahead: Non-Farm Payrolls Forecast 230k" = Easy money.. Turn on my LONDON sell EA again. Freaking crooks will knock GOLD down no matter what the numbers are. They was keeping GOLD under 1200 whole week, knocking every overnight pops. GOLD is manipulated and managed. PERIOD. SELL. By SELL I mean target probably 1150 somewhere there. Unless of course full blown middle east war breaks out of Yemen? Ok then still at least easy 1170 Target still.. 30$ to play.. Won't go any lower than that..
SKyzer, your trading method seems to be working fine...for now.
Less is more...
  • #24,870
  • Mar 30, 2015 2:33am Mar 30, 2015 2:33am
Quoting srt
{quote} Gold is down 37% from highs. EU is down 32% from highs. GU is down 29% from highs. All currencies are just fancy paper with ink. Gold is just a shiny metal with not many uses other than a currency. If faith is lost in the value of either, both can continue to drop. Why are China & Russia continuing to buy gold in large quantities & NOT stockpiling EU, GU, etc.....? Why is China encouraging it's citizens to buy gold? Why is China starting a new gold exchange? Answer to these questions have to do with the removal of the US$ as a reserve currency?...
That was interesting.. I've been on sidelines lately.

On Gold front:
I think Gold should find support within a day or so.. Once and IF I see it on VVSA, I would like to go long.. thereafter short until May-June..

On non-Gold trades:
I've been researching other Forex pairs. It's never too late. Done 3 trades by far (demo)

 

  1. closed one in profit,
  2. 2nd in profit, SL @ BE
  3. third looks good, but since spread is gigantic, not in profit yet..

By this weekend, I should have neat results.. everything would be visible in demo in TE in future (whatever research I'm conducting)

M.M. remains a challenge, going through learning phase with other FX pairs, gonna take time.. trading tiny size and it turns out it was ultra-tiny.. never mind I'll learn soon.

Problem with Only Gold:
IF I can't find right entry, I would fidget and sometimes enter high risk trades OR sit idle. Now researching over two dozen pairs and feels so good..

Hello World!
  • #24,871
  • Mar 30, 2015 2:36am Mar 30, 2015 2:36am
Quoting Nitsan_Levi
Gold Update: Ok so Gold give a Up move but its look like only "sneak attack" Becuse when price Finish the distance between SMA400 to sma200 we see a down move... So I short it again... and like I say in the start of it... TRADE SMALL SIZE...so now I enter X2 *If this will out in stop I will made a new calculation *we still can serch for small time pattern for any direction {image}
Ok look like price in the way to our Take profit 2...

I hope all who enter to this trade ..allready take at least 80% of the profit out
And the stop of the left 20% is on zero (Entery price)

*Price on fibo level support now..lets see what will happent

GL HF
  • #24,872
  • Mar 30, 2015 2:37am Mar 30, 2015 2:37am
Just reviewed.. actually 4 trades there..

3 closed in profit

one open (price going sideways)

Quoting ClockTrader
{quote} That was interesting.. I've been on sidelines lately. On Gold front: I think Gold should find support within a day or so.. Once and IF I see it on VVSA, I would like to go long.. thereafter short until May-June.. On non-Gold trades: I've been researching other Forex pairs. It's never too late. Done 3 trades by far (demo) closed one in profit, 2nd in profit, SL @ BE third looks good, but since spread is gigantic, not in profit yet.. By this weekend, I should have neat results.. everything would be visible in demo in TE in future (whatever...
Hello World!
  • #24,873
  • Mar 30, 2015 3:21am Mar 30, 2015 3:21am
Gold Update:

Gold on Daily SMA32 and of fibo 161.8 level of last move , so daily bar can turn from red to blue

*I start serch for small time frame pattern for long

*30min sma400 shold give strong support
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  • #24,874
  • Mar 30, 2015 3:47am Mar 30, 2015 3:47am
Quoting ClockTrader
{quote} That was interesting.. I've been on sidelines lately. On Gold front: I think Gold should find support within a day or so.. Once and IF I see it on VVSA, I would like to go long.. thereafter short until May-June.. On non-Gold trades: I've been researching other Forex pairs. It's never too late. Done 3 trades by far (demo) closed one in profit, 2nd in profit, SL @ BE third looks good, but since spread is gigantic, not in profit yet.. By this weekend, I should have neat results.. everything would be visible in demo in TE in future (whatever...
CT, good to know you are diversifying into more pairs now. I have gone that path before and had to water down to just two pairs that I trade for now i.e. XAUUSD and EURJPY. One thing I noticed however is that you could incur a large drawdown trading so many pairs especially when you are in a losing streak, now the way to counter that would be to trade only high-probability trades on all the pairs to minimize your losing streak and hence your drawdown. Also a back-test over at least 5 years (if you have the data) would give you an idea of how much drawdown to expect. Just my two cents.
Less is more...
  • #24,875
  • Mar 30, 2015 3:58am Mar 30, 2015 3:58am
Quoting Nitsan_Levi
Gold Update: Gold on Daily SMA32 and of fibo 161.8 level of last move , so daily bar can turn from red to blue *I start serch for small time frame pattern for long *30min sma400 shold give strong support {image}
I take now short to the 30min sma300 becuse power at 1h to the sma200

On the sma300 at the 30 min the short will close and long will enter.. lets see what will happent

GL HF
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  • #24,876
  • Mar 30, 2015 4:02am Mar 30, 2015 4:02am
Quoting ajantala
{quote} CT, good to know you are diversifying into more pairs now. I have gone that path before and had to water down to just two pairs that I trade for now i.e. XAUUSD and EURJPY. One thing I noticed however is that you could incur a large drawdown trading so many pairs especially when you are in a losing streak, now the way to counter that would be to trade only high-probability trades on all the pairs to minimize your losing streak and hence your drawdown. Also a back-test over at least 5 years (if you have the data) would give you an idea of...
I've been trading Gold for nearly a decade now. I am using all of my experience.. what excited me in 2006 still fits very well in my analysis and is actually the backbone of systems.. (seasons for instance and H1-H4 cycles) Of course things and trends have changed a lot.. but crux remains intact..

I am in research and testing phase.. that is why not sharing all this in TE.. btw, I'm working on about 29 pairs right now.. picking only what looks medium and low risk.. not playing with high risk opportunities..

Thanks for your concern mate..
Hello World!
  • #24,877
  • Mar 30, 2015 6:07am Mar 30, 2015 6:07am
Quoting Nitsan_Levi
{quote} I take now short to the 30min sma300 becuse power at 1h to the sma200 On the sma300 at the 30 min the short will close and long will enter.. lets see what will happent GL HF {image}
Tuch the 1h sma200 so profit close

30min sma300 long still not enter
  • #24,878
  • Mar 30, 2015 6:17am Mar 30, 2015 6:17am
Quoting Nitsan_Levi
Gold Update: Gold on Daily SMA32 and of fibo 161.8 level of last move , so daily bar can turn from red to blue *I start serch for small time frame pattern for long *30min sma400 shold give strong support {image}
Ok Position in... lets see what will happent...

GL HF
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  • #24,879
  • Mar 30, 2015 6:44am Mar 30, 2015 6:44am
Quoting Nitsan_Levi
{quote} Ok Position in... lets see what will happent... GL HF {image}
Heading for 61 fib, 20 sma on day chart
  • #24,880
  • Mar 30, 2015 7:37am Mar 30, 2015 7:37am
Quoting Nitsan_Levi
{quote} Ok Position in... lets see what will happent... GL HF {image}
I try now to take also more quick 1 position
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