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

[jabat]

Hello Rodin,
Any input on silver? It seems to be dragging behind gold? Unable to surpass 9.65-9.70. Ratio is now back to 84.

Thanks

 

[activecommodity]

Gold 793$ click
2nd tgt achieved

 

[d-lod]

Gold

The present prices means, that fifth wave was truncated/diagonal correction, and may mean 2008 mega correction is over?

Doesn't feel right..........something is missing rodin.

650 is a must.

 

[sujithsstorock]

The present prices means, that fifth wave was truncated/diagonal correction, and may mean 2008 mega correction is over?

Doesn't feel right..........something is missing rodin.

650 is a must.

will put a simple fibonacci chart on gold

 

[sujithsstorock]

gold chart

fib 681-780 gives 78.2 % = 702 $ . now prices have surpassed 780 levels...so might possibly hit fib levels of 933-681 (not shown in chart). 78.2 % =873 .but its sen tht prices always fall short of this levels by 6-8 $ so can say 866 myt come.tht is 50 % of 988-730 again.

once if prices comes back into fib levels 681-780 ... then most probably will hit 50 % of tht level tht os 730 $.

in short if 780 $ is breached n prices stay thr ...most likely to see 730 $ again.

 

[fireking]

Nice chart Sujith, will ponder on it more

 

[sujithsstorock]

There will be change in my calling style from monday onwards.

1)every call will have 3 targets only.
. . . . . SAFE TRADER target>>means risk-reward ratio will be 1:1. Safe trader should book entire profit here.

. . . . MODERATE TARGET>> ratio will be 1:2 mostly .

. . . . POSITIONAL TARGET>> if prices goes past 2nd target then until entry price is not met,target for holding positional.Mostly 1:10 risk reward ratio.

2)There will be TAG
. . . . . . TRUST STOPLOSS Means , you can trade that call many times as long as stoploss is not met.Thus it means call's backbond is basically the stoploss

. . . . . . TRUST DIRECTION means>> direction of price move is more trusted than anything else.So keeping a wide stoploss is okay as the direction is true

. . . . . TRUST TARGET means >>this call will hit 2nd target atleast.And trader should not re-trade the call once target is met.

3)TIME >>every call will have GMT time provided along with it. To get your local time converted to gmt , goto timeanddate.com. . . There choose 'convert' option.

Hope this will improve trading standards.

 

[luvtub]

There will be change in my calling style from monday onwards.

Awesome, Sujith. Great ideas. Looking forward to seeing these in action.

 

[fireking]

There will be change in my calling style from monday onwards.

I think I will like your new style more

 

[sujithsstorock]

Awesome, Sujith. Great ideas. Looking forward to seeing these in action.

I think I will like your new style more

thanks guys. thought of making calls more suitable for simple trading.

 

[sujithsstorock]

YEAR CLOSING PRICE

2000…………….$273.60
2001…………….$279.00
2002…………….$348.20
2003………...….$416.10
2004…………….$438.40
2005…………….$518.90
2006…………….$638.00
2007…………….$838.00
2008…………….$??

The current price of gold as of November 14, 2008 is $742.50. There are approximately 26 trading days left in 2008.

$839 or higher is the target for the 2008 closing year end gold price.

thanks to d-lod for pointing out to this

 

[rodin]

Hello Rodin,
Any input on silver? It seems to be dragging behind gold? Unable to surpass 9.65-9.70. Ratio is now back to 84.

Thanks

Could pull back Monday but shd be $16.50 in Feb. Chart has bottomed or is close to

 

[Minas]

Hi Rodin,

Where do you see POG going to from here?

 

[sujithsstorock]

gold chart LONG TERM

LOOKS LIKE A SHORT TERM BULL n LOW GETS POST PONDED FOR NEXT YEAR.

just a possibility. break og 640 $ confirms this

 

[sujithsstorock]

keep gold buy awaiting at 802.8 $ stoploss 799.8 $ tgt 805.5-815-845

trust stoploss , time of call-20:25 gmt

 

[rodin]

Hi Rodin,

Where do you see POG going to from here?

Hardest time to tell (ST) is before Sunday trading... I see 850 area looming rather than 650. 650 is the foundatipn of the nxt wall of wory. Log HUI tells the real story, until it doesn't

 

[rodin]

keep gold buy awaiting at 802.8 $ stoploss 799.8 $ tgt 805.5-815-845

trust stoploss , time of call-20:25 gmt

Brave call. Sunday moves can be ephemeral (short lived)

 

[rodin]

Silver (companion to gold chart posted last wk)

 

[sujithsstorock]

keep gold buy awaiting at 802.8 $ stoploss 799.8 $ tgt 805.5-815-845

trust stoploss , time of call-20:25 gmt

1st tgt met

 

[platamania]

1st tgt met

You there Sujith ??