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

Calls/Signals provided by "sujithsstorock" have earned me profit ?

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francisfinley

Active member
Jan 27, 2008
900
46
38
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 :cool:)

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

hope u got the story :smart:
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.
 

francisfinley

Active member
Jan 27, 2008
900
46
38
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
 

sujithsstorock

Well-known member
Jun 21, 2008
4,235
42
58
www.activeintl.com
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.
 

TrentT

Active member
Aug 3, 2008
129
0
26
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...
 

sujithsstorock

Well-known member
Jun 21, 2008
4,235
42
58
www.activeintl.com
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 :D . 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. :) .
 
Aug 20, 2008
14
0
11
California
wow , great champ :D . 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