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Only Gold!

  • #26,141
  • Aug 19, 2015 10:39am Aug 19, 2015 10:39am
Quoting rashidyousuf
{quote} same we ll do it togather.........
very simply 50 ema will come to ply lil trick!best of [email protected]
  • #26,142
  • Aug 19, 2015 11:08am Aug 19, 2015 11:08am
Just trade light and safe fellas.. if your system is good you'll make loads even with small amounts..

Today, I created a list of mistakes I commit often.. these mistakes are nothing but lack of discipline in following my system... these are errors I'm prone to.. I'm gonna read these daily :-)

Nevertheless.. I got a good system in place :-)

Have a good one you all!
Hello World!
  • #26,143
  • Aug 19, 2015 11:16am Aug 19, 2015 11:16am
Share with us the system and help others to make profits that you would have earned more
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  • #26,144
  • Aug 19, 2015 11:20am Aug 19, 2015 11:20am
My opinion is to be dug up and made an ounce of gold should not be more than $ 1000 + dealer margin, so $ 1,100 was the real price of gold
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  • #26,145
  • Aug 19, 2015 2:50pm Aug 19, 2015 2:50pm
Quoting HeavenDiablo
My opinion is to be dug up and made an ounce of gold should not be more than $ 1000 + dealer margin, so $ 1,100 was the real price of gold
you cannot blindly say production cost, as it is depend on miner location. In my country cost of mining gold is $800 cash cost. You can read it in annual report.
Remember miner also need oil to run heavy equipment.
  • #26,146
  • Aug 19, 2015 2:54pm Aug 19, 2015 2:54pm
And when all things considered as much for you is the real price of an ounce?
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  • #26,147
  • Aug 19, 2015 3:09pm Aug 19, 2015 3:09pm
Quoting kinspk
I see Gold testing 1130 to 1132.
Quoting kinspk
Just careful with shorts. According to my signal which triggered a long on 10 Aug, no signs of bear yet. It also break thru my 1st region now residing in my 2nd region towards the last resistance. Good luck guys. {image}
Quoting kinspk
{quote} If they take in the consideration of today's CPI outcome, I expect dovish or neutral FOMC statement.
Now Gold had tested the area of interest, it's good to hold till tomorrow news, unless 1132 act as obstacle.

FOMC Meeting Minutes:
The Committee concluded that, although it had seen further progress, the economic conditions warranting an increase in the target range for the federal funds rate had not yet been met. Members generally agreed that additional information on the outlook would be necessary before deciding to implement an increase in the target range. One member, however, indicated a readiness to take that step at this meeting but was willing to wait for additional data to confirm a judgment to raise the target range.

The Committee agreed to maintain the target range for the federal funds rate at 0 to 1/4 percent and to reaffirm in the statement that the Committee's decision about how long to maintain the current target range for the federal funds rate would depend on its assessment of actual and expected progress toward its objectives of maximum employment and 2 percent inflation.

Specifically, members agreed to indicate the Committee's anticipation that it would be appropriate to raise the target range for the federal funds rate when it has seen some further improvement in the labor market and is reasonably confident that inflation will move back to its 2 percent objective over the medium term.
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The only winner is the one who survive the longest...
  • #26,148
  • Aug 19, 2015 3:10pm Aug 19, 2015 3:10pm
Quoting HeavenDiablo
And when all things considered as much for you is the real price of an ounce?
you have to do research on your own, and averaging all miner cash cost for more confident. Once again it depend on miner location, although gold price may go lower than production cost, miner can survive several years before going bancrupt than your trade can surfive because they still have cash to pay salary.
  • #26,149
  • Aug 19, 2015 4:11pm Aug 19, 2015 4:11pm
Cost of production & physical supply/demand really has nothing to do with the price of gold. It's all about the paper (Comex, LBMA).
Is the market flooded with physical gold & silver now causing prices to drop?
Gold is a currency, NOT a commodity.
The cost to design & produce a $1, $5, $100, etc... bill has nothing to do with the value of the bill. It's a currency.
  • #26,150
  • Aug 19, 2015 6:59pm Aug 19, 2015 6:59pm
I placed a wrong call yesterday.. been trying to catch reversal in the bud... my bad.. need to improve..

I'm gonna take a break and rehearse my system more..
Hello World!
  • #26,151
  • Aug 19, 2015 7:01pm Aug 19, 2015 7:01pm
Quoting kinspk
I see Gold testing 1130 to 1132.
Hello World!
  • #26,152
  • Aug 19, 2015 7:15pm Aug 19, 2015 7:15pm
1142 looks like a good possibility.
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  • #26,153
  • Aug 19, 2015 10:07pm Aug 19, 2015 10:07pm
Quoting srt
1142 looks like a good possibility. {image}
Personally, I'm strongly inclined towards Reversal.. Either we are sitting on the Reversal range or we'll get there within a day or few.

Undoubtedly, it's hard to pin point the Reversal, but guess what? This is what I'm working on :-)

I'll just refrain from sharing my views for a while until I'm sure what I'm doing.

Trade Safe Fellas!
Hello World!
  • #26,154
  • Aug 20, 2015 4:20am Aug 20, 2015 4:20am
Quoting srt
1142 looks like a good possibility. {image}
1142 touched and retraced.
The only winner is the one who survive the longest...
  • #26,155
  • Aug 20, 2015 4:22am Aug 20, 2015 4:22am
Quoting anton.olff
{quote} Good advice. I want to add shorts...but I am waiting as I think we'll see prices go higher first, perhaps to 1137 area
Nice that you avoid shorting there, it went up much and still look bullish atm.
The only winner is the one who survive the longest...
  • #26,156
  • Aug 20, 2015 5:01am Aug 20, 2015 5:01am
Quoting ClockTrader
Just trade light and safe fellas.. if your system is good you'll make loads even with small amounts.. Today, I created a list of mistakes I commit often.. these mistakes are nothing but lack of discipline in following my system... these are errors I'm prone to.. I'm gonna read these daily :-) Nevertheless.. I got a good system in place :-) Have a good one you all!
Bro, actually it will be nice for you to share that list of mistakes with others, so others can avoid that too.

Btw, most traders like to emphasize that they had a good system, but pointing finger at emotion, psychological factors, discipline, etc, but it show that they don't design their system to suit the one using it.

Eg, You are a good driver, I give you a good car, but you still have an accident, so in this case, i don't see any problem with both, it's more like the driver need a car that suit his style of operation. So you need to fine tune your system to cater mistakes that you possible can avoid.
The only winner is the one who survive the longest...
  • #26,157
  • Aug 20, 2015 5:23am Aug 20, 2015 5:23am
People come on get serious, we are here not because we love each other, but to make money by trading gold.
Do you have a strategy when, or opinion as long the price rise or may fall, know that nobody can see the future, but let's give your opinion ....
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  • #26,158
  • Aug 20, 2015 6:31am Aug 20, 2015 6:31am
Quoting srt
1142 looks like a good possibility. {image}
You gotta be a Sage mate! Are you? I would like to get in touch with you.. just a bit of chit chat someday when we both are free.. My Skype is: AuroraIN
Hello World!
  • #26,159
  • Edited 9:02am Aug 20, 2015 6:39am | Edited 9:02am
Quoting kinspk
{quote} Bro, actually it will be nice for you to share that list of mistakes with others, so others can avoid that too. Btw, most traders like to emphasize that they had a good system, but pointing finger at emotion, psychological factors, discipline, etc, but it show that they don't design their system to suit the one using it. Eg, You are a good driver, I give you a good car, but you still have an accident, so in this case, i don't see any problem with both, it's more like the driver need a car that suit his style of operation. So you need to...
I can't share my entire list of mistakes, but the bottom-line would be as below:

"I should follow my system with discipline, period."

I think I should recite this all day long.. it actually works..

There is practically nothing else I need to do.


My System: It cannot only predict rallies, but, most session/daily waves on way on M15. I know how this sounds, it sounds ludicrous, but, this is how it is.. Any worthy guy can test me for Free!
Hello World!
  • #26,160
  • Aug 20, 2015 9:31am Aug 20, 2015 9:31am
We are at 1150 maybe a good place for a short, of course this is purely based on technical resistance level so the risk is high
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