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All Majors and Gold

  • #8,381
  • Aug 15, 2013 8:08pm Aug 15, 2013 8:08pm
should we continue long???????///
  • #8,382
  • Aug 15, 2013 8:09pm Aug 15, 2013 8:09pm
Quoting gnomoneey
{quote} Again I will say this to you only once i share my views and only share them i have been successful in my ways of following those tl when you have vouches from elite members here and accumulated more than 10 vouches then I would listen to what you say. Otherwise just read n maybe posts your own charts to share or just go elsewhere and also I AM NOT A TRADING SERVICE Brother I wish you luck on your ventures in life



should we go long??? helpppppppppppppppp
  • #8,383
  • Aug 15, 2013 8:11pm Aug 15, 2013 8:11pm
Quoting gnomoneey
here are some charts for gold.....Technical reasons for move .... w1 view -tl strength colors....magenta, red, aqua, and yellow {image} h4 view {image} m30 view -target trendlines {image} fibs view h4 {image}




long or???? hellppppppppppppppppp.
  • #8,384
  • Aug 15, 2013 9:02pm Aug 15, 2013 9:02pm
Quoting gnomoneey
{quote} Again I will say this to you only once i share my views and only share them i have been successful in my ways of following those tl when you have vouches from elite members here and accumulated more than 10 vouches then I would listen to what you say. Otherwise just read n maybe posts your own charts to share or just go elsewhere and also I AM NOT A TRADING SERVICE Brother I wish you luck on your ventures in life

what's with the attitude.. !!
it was a harmless question...!!
Your 10 vouches is what made me question your trendlines reasoning... ?

I am not considering you or anyone here as a TRADING SERVICE , pls don't get me wrong but aren’t these msg boards here to share views / ideas.. so i simply shared mine.
Lets communicate like mature adults with no harm given or taken...
As per trendlines... i will let the chart speak for itself... of-course also the use of fibs etc in contradiction to your charts
Feel free to comment/contradict as i believe in sharing knowledge. <peace>
Trendlines on the GOLD weekly
Attached Image (click to enlarge)
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Fibs for targets etc. On GOLD weekly
Attached Image (click to enlarge)
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Fibs for Targets on GOLD H4
Attached Image (click to enlarge)
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  • #8,385
  • Aug 16, 2013 1:29am Aug 16, 2013 1:29am
Nice charts saqib
Quoting saqib
{quote} what's with the attitude.. !! it was a harmless question...!! Your 10 vouches is what made me question your trendlines reasoning... ? I am not considering you or anyone here as a TRADING SERVICE , pls don't get me wrong but aren’t these msg boards here to share views / ideas.. so i simply shared mine. Lets communicate like mature adults with no harm given or taken... As per trendlines... i will let the chart speak for itself... of-course also the use of fibs etc in contradiction to your charts Feel free to comment/contradict as i believe...
  • #8,386
  • Aug 16, 2013 8:30am Aug 16, 2013 8:30am
Attached Image (click to enlarge)
Click to Enlarge Name: xauusddaily.jpg Size: 373 KB
  • #8,387
  • Aug 16, 2013 8:37am Aug 16, 2013 8:37am
Nzd trying hardly to break 8100 R and it is more likely to close Daily candle above it
Get Rich or Die Tryin
  • #8,388
  • Aug 16, 2013 10:27am Aug 16, 2013 10:27am
Quoting preacherseye
{quote} long or???? hellppppppppppppppppp.
I myself is waiting for my trenlines to either resists or break to the upside....with this summer vacation, low volume and Egypt I myself will stay away for now....
but if you have any open trades I wish you luck and remember you opened the trade for a reason...look at why and see if its still valid and if not what caused the change.....
good luck
Wooooohooooo or Boooooohooooo
  • #8,389
  • Aug 16, 2013 10:58am Aug 16, 2013 10:58am
Quoting saqib
{quote} what's with the attitude.. !! it was a harmless question...!! Your 10 vouches is what made me question your trendlines reasoning... ? I am not considering you or anyone here as a TRADING SERVICE , pls don't get me wrong but aren’t these msg boards here to share views / ideas.. so i simply shared mine. Lets communicate like mature adults with no harm given or taken... As per trendlines... i will let the chart speak for itself... of-course also the use of fibs etc in contradiction to your charts Feel free to comment/contradict as i believe...
yes these boards are made for sharing of views and ideas
but u questioned and insulted the way I drew my trendlines....saying it differently would have gone a long way of understanding your comments.
btw tl are very subjective to ones view and that's how market always have buyers and sellers
your charts are beautiful I agree....I agree to that...
trendlines are used for support and resistance right...you've drawn yours and stopped it when it changed direction or angles....that's ok when you're counting ew....
for me I want to see how these trendline will react when/if it gets hit again in the future....I don't dismiss the trendline if the direction or angles or candles change....I continue it and see if price will attract to it again even if it breaks it...if it re-attracts it, it's a good trendline....and the further away the trendline gets created/start the stronger it is for me.
that's what I was showing when I posted my charts and it has worked great for me with gold and other pairs...
I am EW ignorant but use some of the same tools to get to same predictions...that's has been proven over time with high accuracy....
I've had success at seeing patterns evolve with my TL, channels, and fibs predictions.....
What i'm trying to say is whatever works for you might not work for others but say your views with some diplomacy not arrogance....
I hope you come and share here more often and hopefully put my outburst behind us.
thanks,
G
Wooooohooooo or Boooooohooooo
  • #8,390
  • Aug 17, 2013 6:19am Aug 17, 2013 6:19am
hi everyone,

i am new to this website , and replying to thread for the first time can anybody give me good analysis for silver price in upcoming future has the price really entered in bull market as stated on bloomberg , i have a huge amount of my investment stuck in silver it would be really kind of anyone of u to help .

thanks khizar javed
  • #8,391
  • Aug 17, 2013 4:23pm Aug 17, 2013 4:23pm
Quoting khizar
hi everyone, i am new to this website , and replying to thread for the first time can anybody give me good analysis for silver price in upcoming future has the price really entered in bull market as stated on bloomberg , i have a huge amount of my investment stuck in silver it would be really kind of anyone of u to help . thanks khizar javed
Welcome to forum.

If you listen Anybody's advice, than I would suggest to train a bit more. Watch a few tutorials learn 100 indicators, which none of those are working and ever of those at working in a special context. When you reach this step you will ask only a few ppl to give advice. It is like how you are buying a signal service.

When you got plenty of fails of that signal service and others opinion I think you are in a right way to make money.

Sometimes I want to try new things, and reinvent the wheel and the warm water too and is good to ask it from an experienced trader what opinion has he.
If you ask almost everybody will say it is not an edge a trade system to double the size position after a loss. Those cases if you believe it and don't try it, once you forgot and you will make it and loose all of your money it is part of the learning lessons

Regarding your silver positions you have a few options:

  1. think why have you entered in position -hopefully not just because other "good analysis of anybody".
  2. If the position holding contition is valid, than keep it.
  3. If you have condition to enter and free margin than scale in.
  4. if you have condition if exit than exit
  5. if you are scared, confused, better close and think about your casino system

Once I have asked a very experienced trader and he had the same vision as me I have entered with double size. Later I was a bit confused asked him nicely and somebody else, than they gave me the answer, which I wrote about conditions. Finally I had a huge loss and if I would wait and I would close my eyes to see a possible of 80% loss after a few days I would have a +150% profit. The lesson was learnt: I will not open / close any position even Obama or Merkel says that!

Asking others and try new ideas , new trading plans with your money and pay the learning lesson price ... is ok, but this my opinion. But asking Anyone for analys and tell for you is up or down the next X pips... and based on that scale in or scale out ... very bad choice. It is worse than buying a trade signal...

I want to buy PATIENCE
  • #8,392
  • Aug 17, 2013 5:06pm Aug 17, 2013 5:06pm
Perfectly put........voucher for you sir.
Please post charts and comments any time

Thanks,
G

Quoting matheszabi
{quote} Welcome to forum. If you listen Anybody's advice, than I would suggest to train a bit more. Watch a few tutorials learn 100 indicators, which none of those are working and ever of those at working in a special context. When you reach this step you will ask only a few ppl to give advice. It is like how you are buying a signal service. When you got plenty of fails of that signal service and others opinion I think you are in a right way to make money. Sometimes I want to try new things, and reinvent the wheel and the warm water too and is good...
Wooooohooooo or Boooooohooooo
  • #8,393
  • Aug 17, 2013 5:09pm Aug 17, 2013 5:09pm
Quoting khizar
hi everyone, i am new to this website , and replying to thread for the first time can anybody give me good analysis for silver price in upcoming future has the price really entered in bull market as stated on bloomberg , i have a huge amount of my investment stuck in silver it would be really kind of anyone of u to help . thanks khizar javed
Can you please tell me your entry point and if was short or long.
I will try to posts some silver Charts before market opens Asian time
thanks,
G
Wooooohooooo or Boooooohooooo
  • #8,394
  • Aug 17, 2013 11:39pm Aug 17, 2013 11:39pm
http://www.bloomberg.com/news/2013-0...al-demand.html
Gold Seen Climbing From Two-Month High on Asian Physical Demand
By Swansy Afonso - Aug 17, 2013 2:30 PM ET

Gold may extend a rally from a two-month high as an increase in demand from jewelry buyers in China and India helps counter a drop in assets under exchange-traded funds backed by bullion.
Prices may rally to as much as $1,550 an ounce by the end of the year, said Jeffrey Rhodes, managing director of the financial institutions division of the Kaloti Jewellery Group, a Dubai-based gold trader and refiner. There are no signs of demand abating from India and China, which account for about 60 percent of global gold consumption, he said at the India Gold Convention in Jaipur yesterday.
A rally may help trim gold’s first loss in 13 years after some investors lost faith in the metal as a store of value amid expectations that the U.S. economy was recovering. The metal has rebounded 17 percent since reaching a 34-month low of $1,180.50 an ounce on June 28 as demand for jewelry, bars and coins soared from India to China and Turkey. The surge in physical demand may help counter a selloff in bullion-backed exchange-traded funds by investors including billionaire John Paulson.
“Underlying strength in physical demand will underpin gold prices and there have been signs of western investors coming back to gold,” Rhodes said. “The economies are doing much better but we are still in a world of negative real interest rates, so till then gold will flourish. There is much more upside potential than downside.”
Coins, Bars
Consumer demand in India, the biggest buyer, jumped 71 percent in the second quarter and in China, the second-largest, it gained 87 percent, helping to push global bar and coin purchases to a record and jewelry usage to the most since 2008, producer-funded World Gold Council said Aug. 15.
The metal rallied to $1,376.87 an ounce in London Aug. 16, the highest price at close since June 17, paring losses to 18 percent this year. Prices could rally to $1,430 by the year end because of physical demand from China, India and the Middle East, Cameron Alexander, an analyst at Thomson Reuters GFMS Ltd., said in an interview. Bullion may climb to as high as $1,475 in the first quarter of 2014 before declining because of improving economies worldwide, he said.
Holdings in gold exchange-traded products are down 26 percent this year, wiping $55.5 billion from the value of the assets. Paulson, the biggest investor in the SPDR Gold Trust (GLD), the largest gold ETP, cut his stake by 53 percent in the second quarter, an Aug. 14 government filing showed.
Silver Rally
Silver may rally to $30 an ounce by the end of 2013, Kaloti Jewellery’s Rhodes said. The metal rallied 13 percent last week to $23.2575, the most since September 2008, as holdings in exchange-traded products backed by silver reached an all-time high.
Gold imports by India may tumble to about 150 tons in the six months through December from 478 tons a year earlier because of an increase in taxes and central bank curbs, Prithviraj Kothari, a director of the Bombay Bullion Association, told the Jaipur conference.
A surge in shipments in the second quarter prompted the government to increase a tax on imports for a third time this year to 10 percent to contain a record current-account deficit that’s weakened the rupee to an all-time low. Higher tariffs and central-bank rules linking overseas purchases to re-exports have fueled premiums in the domestic market to a record.
Wooooohooooo or Boooooohooooo
  • #8,395
  • Aug 18, 2013 12:38am Aug 18, 2013 12:38am
Quoting khizar
hi everyone, i am new to this website , and replying to thread for the first time can anybody give me good analysis for silver price in upcoming future has the price really entered in bull market as stated on bloomberg , i have a huge amount of my investment stuck in silver it would be really kind of anyone of u to help . thanks khizar javed
as promised my view on silver....
make your decision on what you see....
Attached Image (click to enlarge)
Click to Enlarge Name: xagusdaug18w1tls.png Size: 120 KB
Wooooohooooo or Boooooohooooo
  • #8,396
  • Edited 7:38pm Aug 18, 2013 7:26pm | Edited 7:38pm
Quoting gnomoneey
Perfectly put........voucher for you sir. Please post charts and comments any time Thanks, G {quote}
TYVM.

I am trading / traded the majors and just watched the golds.

Something it is still missing for me and searched the forum to learn something more or find out what is missing for me. Got a nice question and answer here: http://www.forexfactory.com/showthre...49#post6472349, Well I think I got what is missing for me:
http://www.forexfactory.com/showthre...50#post6901650 I think all with 10V know this and khizar is to young to understand the importance as the poster and me as how I did at beginning: "forget the psychology give me trade systems" well, now I am in reverse mode: forget the trade systems ( all are working and none of they ) give me psychology.

Like I told in other post if you don't enter in an extreme situations ( major news releases) or huge leverage all trades can become to BE or small profit, just wait for pullback or average positions. Seriously: it is hard to loose a trade and get out with negative result after a month, if you take care a little bit of your trade and have a bit experience.

When you trade with trend: just put a buy or sell limit with a larger SL level with under/above a support resistance ZONE. it is ZONE and not a level. Market has spikes and penetrates into zone, hitting your SL, give room for him. Buy limits: don't be greedy put, where has probably will be bitten. If you are online and if you see just a few more pips needed, than give it: trade manually, cancel limit. Very good example is this trade: http://www.forexfactory.com/mathesza...+trade92642982
I had the limit at 80, if I would wait the price would go to 79 only, and would't hit the 80. Closed with +44.6 PIP , just trigger it manually...

When you are online: it quicker, nicer to trade against the trend! - that trade above was against the trend
When you are offline: safer to trade with trend.

If you want more profit, higher leverage and less time spent, that is another story. I got more money wanted to go even faster and got a huge drawdown...psychology.

My view on Eur/Usd is
http://www.forexfactory.com/attachme...1&d=1376694011

I know is a naked chart, but that is how I trade, max 1x MA
Clearly can be seen we are close to a multi resistance level.
Others are saying the resistance becomes stronger if is touched ( and rejected ) I am telling it becomes weaker and higher is the probability to bypass at Nth time.
Now I am looking for Short positions in Eur/usd , Gpb / usd in the next 200 pips.

I would like to use a 100 pip SL , but is like 200 needed and TP like 500 pip. Expected duration of trade is like 3-6 week. A FOCM a grceece a cyprus circus or a ( fake) us good news will reverse again the trend

At intraday you can get in in any direction and get out, like I told.

Get out before news. watch the news result, see if the spike is going in news result: than jump in. See if is going against news: wait wait wait, if is weaken, jump in counter direction of movement so easy, can't miss. But you can loose your mind as me and many others, how we lost in a major gain followed by major losses!
I want to buy PATIENCE
  • #8,397
  • Aug 18, 2013 10:43pm Aug 18, 2013 10:43pm
Quoting matheszabi
{quote} TYVM. I am trading / traded the majors and just watched the golds. Something it is still missing for me and searched the forum to learn something more or find out what is missing for me. Got a nice question and answer here: http://www.forexfactory.com/showthre...49#post6472349, Well I think I got what is missing for me: http://www.forexfactory.com/showthre...50#post6901650 I think all with 10V know this and khizar is to...
Gold is going up today ?
  • #8,398
  • Aug 19, 2013 1:22am Aug 19, 2013 1:22am
thanks G

i really appreciate ur effort and assistance . by looking at the chart i think silver has clearly shown a breaking of trend and it may rise , what do yu think ?

my entry point is only one standard lot at the price of 30 which i have been holding i hedged it on 26 and i ve seen profit in that hedge i need some guidance that should i open the hedge now or i should wait for clear break above 26 ??

khizar javed
  • #8,399
  • Aug 19, 2013 5:32am Aug 19, 2013 5:32am
Quoting khizar
thanks G i really appreciate ur effort and assistance . by looking at the chart i think silver has clearly shown a breaking of trend and it may rise , what do yu think ? my entry point is only one standard lot at the price of 30 which i have been holding i hedged it on 26 and i ve seen profit in that hedge i need some guidance that should i open the hedge now or i should wait for clear break above 26 ?? khizar javed
sorry i'm a little slow here....
long at 30?
then you shorted at 26
and now looking to for something else?
Wooooohooooo or Boooooohooooo
  • #8,400
  • Aug 19, 2013 5:54am Aug 19, 2013 5:54am
Quoting gnomoneey
here are some charts for gold.....Technical reasons for move .... w1 view -tl strength colors....magenta, red, aqua, and yellow {image} h4 view {image} m30 view -target trendlines {image} fibs view h4 {image}
w1 view
now with magenta tl and price hovering above it....will it stay above?
staying above magenta gives me a current view of more upside, how far up is the question
also at the moment the red tl resisted along with aqua
h4 view
magenta penetraded and is acting as support
red is also resisted
aqua penetraded and being used as support?
we now have a rising wedge?
refer to my template
http://www.forexfactory.com/showthre...74#post6896674
Wooooohooooo or Boooooohooooo
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