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

[rodin]

Monday

Starting cautious

Covered DOW shorts @ open so for now only that 12200 Oct call open. I will short 10% v 12200 call value if we hit 11350-11400 plus additional shorts stops around 11400. Later I hope to cover any new shorts @ 11000 and buy 12000 call back

Gold 871 is a tempting short perhaps too tempting. A break of 871 and we could see a double top @ 882 area

edit

I see we hit 872 but the break had no momentum. -ve divergence creeping in

 

[rodin]

..more

Silver Call 14.50 March looks good. Am hedged by only 10% futures short right now. If we get a strong open NY will buy a cheap put option not sure which one yet. Then if we retrace I can buy futures around strike price and cover 10% short

 

[55mph]

morning folks!

 

[fireking]

anybody knows whats going on today, call and targets

 

[sujithsstorock]

suji its playin as our gold chart... it went to 883...now goin down... but very very slowly... u see it going down ..??

its breaking the time frame movement. Now flat. It shouldn't go above 881 $. If goes then it gets bullish. For shorting , stoploss is 881 $. Sell as close to it as possible.

 

[55mph]

anybody knows whats going on today, call and targets

no help here. from what i've read so far is that we have a neutral bias until further notice. some are looking for a double top. ?

 

[rodin]

Gold and silver at resistance. Now 20% short silver v call and short gold 879.5 stop 881

edit

moved stop to 879.5 (stingy git)

 

[rodin]

its breaking the time frame movement. Now flat. It shouldn't go above 881 $. If goes then it gets bullish. For shorting , stoploss is 881 $. Sell as close to it as possible.

LOL just caught this post U must be lookin at same chart

edit moved stop back up to 880.2

I think we are in local downtrend and local high is in 1 min chart. Going off-line for about an hour

 

[bbillcee]

hey sujj rodin 55!!

whats good!

 

[bhesania]

suji still bearish.. or some bullish signs

 

[sujithsstorock]

Am bearish

 

[55mph]

Am bearish

just shorted at 875

 

[rodin]

LOL just caught this post U must be lookin at same chart

edit moved stop back up to 880.2

I think we are in local downtrend and local high is in 1 min chart. Going off-line for about an hour

Covered short @ 875 as looks like ABC pattern complete

 

[bhesania]

now where rodin..??

 

[rodin]

LOL just caught this post U must be lookin at same chart

edit moved stop back up to 880.2

I think we are in local downtrend and local high is in 1 min chart. Going off-line for about an hour

Covered short @ 875 as looks like ABC pattern complete

edit

oops too early. Prolly complete now though

 

[si1503]

Am bearish

Short @ 871.6, nice one suj!

 

[bhesania]

i am short at 870....should i cover here.. or keep stop loss at 881..??

 

[si1503]

Anyone watching silver? On a 38.2 fib from the March highs, double top/M pattern at the same place last thurs, any thoughts?

 

[55mph]

covered short at 871.90 for 3 points

 

[sujithsstorock]

Short @ 871.6, nice one suj!

thanks. Being in college , am missing the fun.