Gold calls.Long term -medium term and intraday calls in gold is here !.

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Old Jul 31, 2015, 5:45am   #11341
 
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sujithsstorock started this thread please keep posting the ssi updates. we all wuld love to see it.
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Old Aug 3, 2015, 5:37pm   #11342
 
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Quote:
Originally Posted by sujithsstorock View Post
ssi has a random distrubution , where some mad traders could ver weight it and manipulate the ssi . we have seen some crazy trader do 100 lots and this off set the balance in a wrong manner. we were burned at that instance
While no indicator is perfect, I just wanted to clarify that SSI measures the ratio of long positions to short positions among FXCM's retail client base and does not take into account the size of these positions. That means a single large gold position by one trader should not skew the SSI reading for XAU/USD.
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Old Aug 3, 2015, 11:51pm   #11343
 
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Quote:
Originally Posted by sujithsstorock View Post
please keep posting the ssi updates. we all wuld love to see it.
It's my pleasure, Sujith!

The ratio of long to short positions in the XAU/USD now stands at 1.90 as 65% of traders are long. Yesterday the ratio was 1.75; 64% of open positions were long. Long positions are 8.2% higher than yesterday. Open interest is 5.3% higher than yesterday.


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The trading crowd has grown further net-long from yesterday but moderated since last week when SSI was above 2. The fact that the majority of traders are still long gives signal that gold may continue lower, but recent changes give a mixed bias.
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Old Aug 4, 2015, 1:14pm   #11344
 
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Crude sell still at hold

sujithsstorock started this thread We are holding our sell in crude
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Old Aug 4, 2015, 1:18pm   #11345
 
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performance since March

sujithsstorock started this thread Since March we have earned36 lac rupees in open platform and Facebook group community.

1 USD=63 inr
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Old Aug 4, 2015, 9:20pm   #11346
 
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Quote:
Originally Posted by sujithsstorock View Post
We are holding our sell in crude
The latest Speculative Sentiment Index (SSI) data support you:


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The SSI Snapshots indicator for USOil is at 4.1563, which means there are 4.1563 long positions for every short. In other words, over 80% of FXCM's retail client base are long. Since SSI is a contrarian indicator, that's a strong bearish signal.

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Old Aug 6, 2015, 3:59pm   #11347
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Originally Posted by sujithsstorock View Post
We are holding our sell in crude
Hey mate, was wondering where you think the bottom for oil is? I'm in a sell position myself and was thinking it'd be around now, given it's the level it rebounded upon last time at around 4500, but it seems to have broken that. Obviously the demand concerns e.g. china etc still remain and supply is still very high.. so $40?
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Old Aug 6, 2015, 6:29pm   #11348
 
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sujithsstorock started this thread
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Originally Posted by Archaic View Post
Hey mate, was wondering where you think the bottom for oil is? I'm in a sell position myself and was thinking it'd be around now, given it's the level it rebounded upon last time at around 4500, but it seems to have broken that. Obviously the demand concerns e.g. china etc still remain and supply is still very high.. so $40?
we are holding it still. honestly when we wentshort at 58$ we didnt expect this. so currently stop is at 49$
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Old Aug 11, 2015, 8:53pm   #11349
 
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Quote:
Originally Posted by sujithsstorock View Post
we are holding it still. honestly when we wentshort at 58$ we didnt expect this. so currently stop is at 49$
Great trade!
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Old Aug 12, 2015, 12:26am   #11350
 
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Quote:
Originally Posted by Jason Rogers View Post
The SSI Snapshots indicator for USOil is at 4.1563, which means there are 4.1563 long positions for every short. In other words, over 80% of FXCM's retail client base are long. Since SSI is a contrarian indicator, that's a strong bearish signal.
Since my last SSI update for USOil, the retail crowd has only increased their long exposure with 10.0877 long positions for every short.


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Since SSI is a contrarian indicator, this suggests that a further drop in oil prices is still possible.
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Old Aug 13, 2015, 5:12pm   #11351
 
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Gold a winner from China currency devaluation

Gold enjoyed a wild ride in the previous session which carried on today, as consecutive low renminbi rates pressured other Asian currencies to this year's record lows and threatened widespread currency devaluations. Gold suddenly gained back appetite as a storage of value versus deflated currencies.


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Downtrend signal in gold has finished and all eyes are on the upside for now, with a resistance level ahead at 1134.2 and the 38.2% Fibo at 1132.79. Daily momentum seems to peak today after four days of strong gains with prices in higher-high and higher-low fashion. Downside extension is limited and an indicative support level is found at 5-day moving average at 1110.95.
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Old Aug 13, 2015, 9:54pm   #11352
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Quote:
Originally Posted by Jason Rogers View Post
Gold enjoyed a wild ride in the previous session which carried on today, as consecutive low renminbi rates pressured other Asian currencies to this year's record lows and threatened widespread currency devaluations. Gold suddenly gained back appetite as a storage of value versus deflated currencies.


Click the image to open in full size.
Past performance is not necessarily indicative of future results.


Downtrend signal in gold has finished and all eyes are on the upside for now, with a resistance level ahead at 1134.2 and the 38.2% Fibo at 1132.79. Daily momentum seems to peak today after four days of strong gains with prices in higher-high and higher-low fashion. Downside extension is limited and an indicative support level is found at 5-day moving average at 1110.95.
Interesting analysis. You're biasing gold to the upside if I interpret you correctly. I guess you're talking from an intraday perspective as in tomorrow (Friday). From late 2013 there's been a diminishing quarterly spike cycle providing opportunities to sell. Diminishing as in the spikes are getting lower and the price heads toward a significant support level at 1k. With 100 points to pay for I don't think I want to sell into that level, but neither do I see any immediate optimism for buying. 'Storage of value versus deflated currencies'? Why would a diminishing commodity price be considered a storage of value. China's markets are still up 70% YoY. FDI is amazingly low so contagion from a dramatic slump is low. And the money being pulled out of a spooked market by domestic mom & pop investors is going into property, which will serve as a greater brake on slippage than and government directed TARP-like intervention. To summarize, China currency devaluation as a result of minor stock revaluation will have little positive impact on gold.
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Old Aug 16, 2015, 6:48pm   #11353
 
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areas to watch
looks to be pulling back in an uptrend

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Old Aug 16, 2015, 7:00pm   #11354
 
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USO...us oil etf
is it a bottom ??
price is in horizontal supp/green...you wont know until it tests res /pink horizontal

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if you call the bottom...you might see your account wiped out
if you are thinking differently...you had better go back and reexamine your charts
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Old Aug 18, 2015, 8:16am   #11355
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Not looking really bright for Gold now...
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