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

[sujithsstorock]

possible wave iv correction targets

gold 790

silver 1250

gold target more likely than silver (obviously)

we are in same boat . Great.

 

[sujithsstorock]

Buy gold at 781.5 $ with stoploss 776.8 $. Target 784-787-791 $. Do in minimum quantity.

first target met

 

[rodin]

Hmmm... wave iv takes unexpected turn via a little HnS and prints lower low. So far 3 waves down since 783. If no more waves down here then we are in irregular iv Otherwise iii count is wrong.

edit

flat gold until wave clears

long 25% silver

 

[doberman]

buy 804 sell 793 late entry but stuck with you stop call
buy 792.4 sell 788.3 stop my self out here you guy started to call short

 

[rodin]

DOW rolling over shorting until gap is filled

Silver going up

divergence...

Palladium took a hit and a half

 

[Owenda]

Hi all. Havent posted before but been watching the action avidly.

Entered Gold @ 777.78, stop 775.78. Still in for the ride. Targetting 787.78
(IG)

Like Doberman been having a bit of a losing streak with the mkt doing the reverse of what i think it will. Been holding my stops too tight and chasing too big gains so not banking any profit.

Learnt a lot over the last 100 pages so hoping that my education starts to pay off.

 

[rodin]

Covered DOW shorts I think we go up a bit while gold makes right shoulder iHnS

edit

the beautiful thing about having an option in play is you can place futures orders against it with no stop and no risk (except eating into option profit)

I am making out every day shorting v this DOW call

 

[welshandy1]

welcome and good luck Owenda

 

[OceanBleu]

stop hit. Loss of 4.7 $

Sujith,

That stop loss at 706.80 was very very risky and I suspect a lot of people were stopped out at that support level. That small H&S on a 1 minute chart was pointing to a retest of that support. I placed the stop loss at 705. What's your thought on this for next time (placement of stops around support levels)?

 

[artful_dodger]

Fundamentals are at work beyond the charts me thinks.

The market is not reacting well to F&F. Global liquidity is drying up, which is bad for all assets classes. In this case cash is best...and shorting if you can do it well!

I am sitting on my hands until bigger signals come along.

 

[yvij]

Covered DOW shorts I think we go up a bit while gold makes right shoulder iHnS

Great I'll close my position.

Was short Dow at 11550.:cheesy:

 

[sujithsstorock]

Sujith,

That stop loss at 706.80 was very very risky and I suspect a lot of people were stopped out at that support level. That small H&S on a 1 minute chart was pointing to a retest of that support. I placed the stop loss at 705. What's your thought on this for next time (placement of stops around support levels)?

yes 775 is a good stop. Moreover i have a buy signal once again after stop was hit. You can hold your buy. Targets same.

 

[TrentT]

stop hit. Loss of 4.7 $

Stop wasn't hit? Price never went to 776.8 - I'm still running

 

[sujithsstorock]

buy 804 sell 793 late entry but stuck with you stop call
buy 792.4 sell 788.3 stop my self out here you guy started to call short

you waited it to travel from 795 till 804 to confirm your 'heart ' a buy signal.Late entry , wrong entry.

You buyed at 792.4 , when it fell too fast from 798 to 791 $. That went to hit your stop.Again here you waited to buy as your heart was buy biased.

Mistakes
1)You are following your heart rather than support or resistance.

Rule to remember
1) never 'sell' after a more than 5 $ 'fall' or vice versa in LONDON session.

2)never 'sell' after a 5 $ rally 'up' or vice versa in NEWYORK session

3) don't look at the fluctuating numbers on the platform. Take hourly graph to see price movement. (hourly charts will give tick by tick running rates, so don't worry-incase you are unaware).

4)take out 2 $ profit at a time. Don't wait for too long in market.First build up confidence rather than profit.

5)stick around here

Hope this will help.

 

[sujithsstorock]

Stop wasn't hit? Price never went to 776.8 - I'm still running

really ? I saw kitco chart late. I saw a spike down and thought it must have hit. Anyone got stopped out with that call ? If no , i will update

 

[TrentT]

really ? I saw kitco chart late. I saw a spike down and thought it must have hit. Anyone got stopped out with that call ? If no , i will update

Yes Really - It's running great - First target hit - 2nd on way!

 

[OceanBleu]

Buy gold at 781.5 $ with stoploss 776.8 $. Target 784-787-791 $. Do in minimum quantity.

Thanks Sujith,

Sold 2 contract @ 787 (entry 780.90), holding 1 for next target. Did not move stop loss from 775. Any thoughts?

 

[duuuking]

hey srock, i've been hanging around at this thread for quite some time, thanks for all the tips and guidance! i really appreciate them!! (although I didn't follow any of them...)

I have a less technical question: can the decline in gold price be caused by the US dumping gold for dollar so that they can pay some of its debt at the end of the quarter? I'm kind of new at this, so just a thought...

 

[TrentT]

really ? I saw kitco chart late. I saw a spike down and thought it must have hit. Anyone got stopped out with that call ? If no , i will update

Ah - there was a spike, but I think it was before your call..

 

[TrentT]

And I'm out - Oil heading for $100. $7 profit I think.