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

This is a discussion on Gold calls.Long term -medium term and intraday calls in gold is here !. within the Commodities & Money Markets forums, part of the Markets category; Gold is a sell. Stoploss 823 $.Check the above post for sell targets....

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Old Aug 25, 2008, 5:04am   #1471
 
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sujithsstorock started this thread Gold is a sell. Stoploss 823 $.Check the above post for sell targets.
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Old Aug 25, 2008, 1:28pm   #1472
 
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Originally Posted by sujithsstorock View Post
this weeks strategy should be


sell gold at 817 $ with stoploss at 827 $ , tgts 812-808-805 -799-780-free fall
sell call initiated.Make stoploss to 824 $
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Old Aug 25, 2008, 1:48pm   #1473
 
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sujithsstorock started this thread Stop hit. Risky traders can hold with stop 827 $.

Loss of 7 $.
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Old Aug 25, 2008, 2:17pm   #1474
 
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sujithsstorock started this thread Market is getting bullish.Might target 827-830 $. But wait to buy.If buying , then stoploss is 816.75 $.
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Old Aug 25, 2008, 2:53pm   #1475
 
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how to authenticate my betonmarket
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Old Aug 25, 2008, 3:06pm   #1476
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Originally Posted by sujithsstorock View Post
if u notice the graph, u will find a number of supports lying thr.822 $ held it. good.bounce back most likely,, but u can see that , gold is sittig upon this support for some time now.this is eating up the energy held by the support of 822 $.in short,support is getting weaker-i expect it to break.

below 822 , u witness a support at 817.5 $.if this is surpassed, then gold can retset 799 $ (its a fibonacci support). let me add, whenever u find a cluster of supports of resistances in chart....the only reliable one is the fibonacci levels.u can see i extended the fall below 805 $ till 799 $ (another reason is, sentiments say 805 $ is strong support n traders are likely to buy thr.so it falls more and triggers stops of alot who kept stoploss just below 800 $- thats a mind game )

there after the bullish senario over takes n stuff...lets leave it to the time to prove.

hope u got the story
all fairly obvious bud. you seem to not mention what oil is doing and what the dollar is doing and this is why your preminitions this morning were way out.
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Old Aug 25, 2008, 3:24pm   #1477
 
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all fairly obvious bud. you seem to not mention what oil is doing and what the dollar is doing and this is why your preminitions this morning were way out.
i did give a oil chart. USD is really very bullish and going to hit 80 soon.Oil is just pumping itself inorder to break below 110 $.
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Old Aug 25, 2008, 3:43pm   #1478
 
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Originally Posted by francisfinley View Post
why your preminitions this morning were way out.
reason for todays loss was a very old rule !. Never compromise with stoploss. If we had kept the same stop of 827 $ we would not have got hurt so badly.Now price is 818 $. Below 817 $ can do the sell call.
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Old Aug 25, 2008, 4:27pm   #1479
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reason for todays loss was a very old rule !. Never compromise with stoploss. If we had kept the same stop of 827 $ we would not have got hurt so badly.Now price is 818 $. Below 817 $ can do the sell call.
but its too high, today has been choppy but if you check the charts each day monitor the $ from close to 6am GMT you can see the play from 6am GMT - 12pm GMT.

the $ fell, gold rose.
the $ fell oil rose.

weve changed tack around 13.48 and now we are selling off oil and gold.

the dollar stabilised @ 13.48
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Old Aug 25, 2008, 4:58pm   #1480
 
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Originally Posted by francisfinley View Post
but its too high, today has been choppy but if you check the charts each day monitor the $ from close to 6am GMT you can see the play from 6am GMT - 12pm GMT.

the $ fell, gold rose.
the $ fell oil rose.

weve changed tack around 13.48 and now we are selling off oil and gold.

the dollar stabilised @ 13.48
i always advocate to watch curriencies at an interval of 8-10 hours only , if u intend to trade on gold or oil with respect to currencies.They do get decoupled at times.I don't give much importance to its hourly to 4 hourly rallies.(it came down below 76 inorder to fill up gap felt earlier)


oil, well . . . This dude is doing crazy stuffs like this for a while and making other commodities go bizzare.If u see this kind of oil spike is coming every 8th trading day cycle.Last time you witnessed such a spike from 112$ to 117 $. I had given a chart few pages back indicating this recent rally of oil till 122 $ and the fall back too.This is just inorder to keep the upper falling trendline healthy(technical point of view) , and clear some short stops(sentimental).

The choppy nature we see today, if u check the daily graph , picture will be clear.Its a dumping signal.A huge sell off expected. I give the time frame to be around oil inventories on wednesday.Till 830 $ is not crossed above , i suggest to sell on every rise.
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Old Aug 25, 2008, 8:23pm   #1481
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Well, a quite day - but this newbie made his first ever trade today -
and clipped $3.50 profit on your advice to sell on the rise. Caught it just right!

Best regards SRock - Great thread, great calls - thanks for your hard work.

The odd one that misses? Hey, we all have to take responsibility for our own trades.

Onwards and upwards, or downwards...
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Old Aug 26, 2008, 4:51am   #1482
 
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Well, a quite day - but this newbie made his first ever trade today -
and clipped $3.50 profit on your advice to sell on the rise. Caught it just right!

Best regards SRock - Great thread, great calls - thanks for your hard work.

The odd one that misses? Hey, we all have to take responsibility for our own trades.

Onwards and upwards, or downwards...
wow , great champ . Happy to help u out.

And am not at all bothered about the losses,as those who follow this thread since start can see that out of 10 , we get 9 going our way. .
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Old Aug 26, 2008, 4:54am   #1483
 
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sujithsstorock started this thread Very very risky. Sell gold at 820.5 $.Stoploss 822.5 $. Target 818.5-815-812-810-808-805-799 $.Stop is very small.Its risky.
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Thanks! The following members like this post: TrentT
Old Aug 26, 2008, 5:00am   #1484
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wow , great champ . Happy to help u out.

And am not at all bothered about the losses,as those who follow this thread since start can see that out of 10 , we get 9 going our way. .
9 out of 10 is excellent.

Do you still see mid 7's in the near future? I do not trade futures but recently stopped out on mining shares and GLD. You could say only go long although I am considering DZZ the double short. I do not lwant to trade on margin. I would like to buy back in when you and several others believe we will see new lows.

Thanks,

David
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Old Aug 26, 2008, 6:01am   #1485
 
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Originally Posted by heyoehkah View Post
9 out of 10 is excellent.

Do you still see mid 7's in the near future? .

Thanks,

David
trading range is between 750 -872 $ for near term. It can go anywhere.Am 'at the moment bearish' . But would get bullish lately.No one can predict future.Its all may or may not . Trade session by session.
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