ES Trading

This is a discussion on ES Trading within the Trading Journals forums, part of the Reception category; Originally Posted by new_trader Posted Jun 23, 2012, 10:01am I have been buying and adding on the dips and I ...

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Old Aug 26, 2012, 10:47pm   #91
 
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Re: ES Trading

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Posted Jun 23, 2012, 10:01am


I have been buying and adding on the dips and I haven’t sold a single ounce and have plenty of money waiting on the sidelines to buy more, it’s a bull market!

If ANY of the Tade2Win DUNCES dares to question my gold investment you better be prepared to put your money where your mouth is. I charge a fully refundable £50,000 to have my accounts audited + I will give you a 50% bonus if I have lied about my gold holdings. The deal is, you first put £50,000 into escrow and then nominate your independent auditor. Once my gold holdings have been verified, I keep your £50,000 and you publicly apologise and then permanently resign from Trade2win. If I don't hold any gold, you get £75,000 from me.

Such bitterness and envy from the clueless bears...or should I say DEERS in headlights!

Here is just a small portion of my total gold holdings. These stunningly beautiful 10 x 1 ounce (and 1 x 1/4 ounce) Gold Britannia bullion coins alone would be enough to win my challenge against any Trade2win numskull that is stupid enough to question my integrity.

http://i48.tinypic.com/24b5i6w.png

http://i45.tinypic.com/2qs09x0.png


I still have the receipt for each one which shows the exact date of purchase and the amount I paid. I don't mind being insulted but I draw a line at puerile slander.

I've also changed my mind on the fee. I don't want any of that disgusting paper fiat rubbish. The fee is 44 x 1 ounce Gold Britannia's.






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Old Aug 28, 2012, 12:09am   #92
 
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Re: ES Trading

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[Edit]

The writing has been on the wall for years and that is why I sold my property in the U.K and invested elsewhere and mostly outside the U.K. You know something is very wrong when every 3rd moron is telling you to buy property because you can't lose.
U.K. August House Prices Fall for a Second Month, Hometrack Says

U.K. August House Prices Fall for a Second Month, Hometrack Says - Bloomberg


Quote:
Britain’s property market remains under pressure as the economy struggles to recover from a recession and the euro-area debt crisis drags on, undermining confidence and pushing up lending costs. Bank of England officials are assessing the impact of their new plan to boost credit as they mull whether to expand stimulus for the economy through quantitative easing.



House prices are down, but Gold prices are up!

The Central Planners can't understand why, neither can the Gold bears...DEERS!




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Old Aug 29, 2012, 8:04am   #93
 
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Re: ES Trading

new_trader started this thread Another (biased?) mainstream article on the Gold standard. Most (if not all) critics of the Gold standard don’t even understand it.

Republicans Embrace Gold to Hedge Non-Existent Inflation

Republicans Embrace Gold to Hedge Non-Existent Inflation - Bloomberg

Quote:
Public Unconcerned
Most Americans aren’t worried either. The public expects inflation to remain subdued -- an annual average of 1.26 percent over the next decade, according to an estimate by the Federal Reserve Bank of Cleveland.
The Government propaganda is having the desired effect. This also tells me that there isn’t a Gold bubble, far, far from it.





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Old Aug 31, 2012, 8:29am   #94
 
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Re: ES Trading

new_trader started this thread Brilliant speech!

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Old Aug 31, 2012, 8:56am   #95
 
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Re: ES Trading

new_trader started this thread Argentina inflation: shoot the messenger

Argentina inflation: shoot the messenger | beyondbrics

Quote:
Consumidores Libres’s fortnightly grocery price index was published last Friday in Clarín, the nation’s largest newspaper. The index showed that consumer prices had risen 17.5 per cent in 2012, three times the rate reported by the country’s national statistics agency, INDEC.

Do you honestly think that it's only the Argentine government that manipulates and understates inflation figures?





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Old Aug 31, 2012, 10:33am   #96
 
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Re: ES Trading

new_trader started this thread Deflation Deepens as Japan Contraction Risk Intensifies: Economy

Deflation Deepens as Japan Contraction Risk Intensifies: Economy - Bloomberg

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Japan’s consumer prices slid at a faster pace in July and industrial production unexpectedly slumped, raising the danger that the world’s third-largest economy has slipped back into a contraction.
OMG! Things are getting cheaper for the consumers, what a disaster!...

Only in an Orwellian world is Deflation seen as a bad thing...

"The Financial repression must continue", say the Central Planners...
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Old Aug 31, 2012, 11:07am   #97
 
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Re: ES Trading

new_trader started this thread Gold standards found wanting

Gold standards found wanting - short view - markets - FT.com


Another biased maistream opinion about The Gold Standard...




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Old Aug 31, 2012, 1:57pm   #98
 
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new_trader started this thread Should the U.S. Return to the Gold Standard?

Should the U.S. Return to the Gold Standard?: Video - Bloomberg


Another clueless Gold Standard critic...People who use the ‘Gold is finite’ argument are utterly clueless. Ever heard of the Periodic Table numskull? ALL NON-ORGANIC NATURAL RESCOURCES ARE FINITE you morons! Many are used in manufacturing, there is finite copper, finite iron, finite aluminium etc, the only thing that is infinite is a Governments ability to debase fiat money...FFS people are DUMB!!!

It doesn’t surprise me that The Gold Standard critic is barely out of nappies, he was probably educated in a GOVERNMENT school too...

But at least the mainstream media is putting the idea of Gold in the mind of the public.




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Old Aug 31, 2012, 4:03pm   #99
 
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Re: ES Trading

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This is investors (quite rightly) saying to Governments that because of all this inflation you are creating we want higher interest rates for our loans to you. The Governments are saying f*ck you, we’ll just get our Central Banks to print up the money and buy our debt so we can continue to borrow and spend cheaply and recklessly, suck on that gold standard!


Euro-Area Unemployment at Record, Inflation Quickens: Economy

Euro-Area Unemployment at Record, Inflation Quickens: Economy - Bloomberg

Quote:
Euro-area unemployment rose to a record and inflation quickened more than economists forecast as rising energy costs threaten to deepen the economic slump.
Quote:
That’s the highest since the data series started in 1995. Inflation accelerated to 2.6 percent in August from 2.4 percent in the prior month, an initial estimate showed in a separate report. That’s faster than the 2.5 percent median forecast of 31 economists in a Bloomberg survey.



And what have Central Planners achieved with all their bailouts and debt monetization? Nothing but higher unemployment and higher prices impoverishing the poor and the middle classes even further. And there are dunces who STILL think Central planners controlling the money supply is a massive advantage!





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Old Sep 6, 2012, 11:09am   #100
 
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Re: Trading Update

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Using the principles and techniques I have written about in my journal I was confident enough in my market reading skills to expand my trading into other areas like commodities. I started with small positions (much more than 10p/point though!!) and took a longer term view to prove that my methodology is 100% robust regardless of time horizon. Although I didn’t record the trades here I thought I would give a brief summary.

-Palladium +44% -I regret selling
-Wheat +34% in approx 4 months
-Livestock (break even)
-Silver +67% Approx to date and still holding. Positions were opened with derivates and then rolled over into a physical ETF.
-Gold – Long term although most positions are in profit it is a long term accumulate.

This is all in addition to my longer term investment portfolio which in the last 12 months has outperformed the main indices. These successes have allowed me to have a much more relaxed approach to my trading and the necessary patience and discipline to trade only the most highly profitable and probable indications. I am only interested in being right, at the right time, and making as much money as I can when I am right. I am currently long US$140/point in a trade and hope to build a larger stake before it makes its move. My time horizon on this trade is 6-12 months which makes it more like an investment than a trade.

I continue to trade the ES contract short term as well
new_trader has been bullish on gold since 2010 while all the trade2win dunces were bearish (I’d just like to say a personal ‘hello’ to Atilla who I know reads my journal even though he says I haven’t got a clue).

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Originally Posted by new_trader View Post
If gold breaks below $1530 then I can see it going to $1100-1200. The deadline for this scenario is end of August 2012. Gold is consolidating between $1530 -$1640 and I reckon it will break out from this range rather than break down. If it breaks down I will buy more, if not, I keep what I have. It's a bull market!

Now that gold is in the news again all the trade2win dunces come out of the woodwork with bullish calls on gold and their trading ‘advice’ as if they understand wot is wot...it really is hilarious to read.

Gold Tops $1,700 as ECB’s Bond-Buying Plan Bolsters the Euro

Gold Tops $1,700 as ECB

No mention of WAR






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