Gold Daytraders

[Whiskers]

I thought just about everything was a conspiracy for you UF!

He's a devils advocate.

 

[Uncle Festivus]

Can you tell me, without laughing, that markets are not manipulated, especially one as small as gold?

If anyone can tell me how much gold the USA has (for the last 5 years) then there is no conspiracy/manipulation in the gold markets?

Or, is there a massive short position in silver, by a single entity, or not?

Views can be proferred but I can't see how it prevents positions being entered either way?

Anyway, the thread is about daytrading, the waterfalls in US time are tradable......hows the backtesting going TH?

 

[Trembling Hand]

Anyway, the thread is about daytrading, the waterfalls in US time are tradable......hows the backtesting going TH?

Just before I have a look. What do you define as London open/close time and same for NY?

 

[professor_frink]

Have moved a few posts from here into the "Gold Price - Where is it heading thread".

Lets try and keep the discussion about daytrading gold, and not about conspiracies, etc.

Cheers

 

[arco]

Hi All

I put a free trade alert on the blog last week which gave a good run.
$22 move = $2200 on one full contract.





Keep in touch for the free stuff on the blog

Best wishes - Arco

 

[Trembling Hand]

Gold & that other manipulated precious is holding up surprisingly strong today.

 

[ThingyMajiggy]

Gold & that other manipulated precious is holding up surprisingly strong today.

Looks like its time for some catch up

 

[rensionurne]

Did we ever find out of the GST is charged on the whole coin, or only on the amount that isnt gold i.e. the 2k worth of copper or whatever?

 

[Bron Suchecki]

See http://law.ato.gov.au/pdf/pbr/gstr2003-010.pdf for the rules on GST and precious metals.

If the item is internationally traded with a recognised mark and purity >= 99.5% then the whole value it is input taxed (0% GST) otherwise 10% GST applies on the whole value.

 

[Joules MM1]

thanks, Uncle

giving this a trial run......i guess most people can do this ...

the background set-up is that silver has made a 1:1 ratio low and gold made an hourly dbl bottom while hitting a daily ratio so both actually are hinting that they are in set-up mode to reverse upwards......butt he thing is they are both in no-mans land in terms of price extremes and money mangers are only nibbling at long side and commercials are less than aggressively selling in mid stream, they would rather sell strength....so that brings us into the diary and few people are around, thus the basis of todays trade

i had clipped a bunch of jpegs but its really pedestrian so a quick trial for video.....and maybe a few others may want to give it a go too......you'd be amazed what you see later in a moving diary...

mister C, your thoughts on this?

 

[Joules MM1]

ok, so jpegs are sometimes quickeeeeeeeerrrrrrrr

i had clipped a bunch of jpegs but its really pedestrian so a quick trial for video

letting the balance run....

 

[CanOz]

ok, so jpegs are sometimes quickeeeeeeeerrrrrrrr

View attachment 50106



letting the balance run....

Nice work mate...I sometimes use ratios if we are at new highs and have no recent volume to use for a profile.

Well done. Nice Christmas trade!

CanOz

 

[Joules MM1]

Nice work mate...I sometimes use ratios if we are at new highs and have no recent volume to use for a profile.

Well done. Nice Christmas trade!

CanOz

gap down in futes hitting 56 target.....waiting for 9.30am wed aest to see if the buy to close gets taken


data Finviz.com

----------------------------------

Elite performers operate with strong intrinsic motivation, that is, they focus on process goals rather than outcome goals. Set a personal goal for 2013 that you will simply follow the process of executing your strategy, rather than being concerned about the end outcome.

https://www.facebook.com/thechartist/posts/10151376509525390

 

[Joules MM1]

echo echo echo......

sell to open spot 1656

 

[CanOz]

Elite performers operate with strong intrinsic motivation, that is, they focus on process goals rather than outcome goals. Set a personal goal for 2013 that you will simply follow the process of executing your strategy, rather than being concerned about the end outcome...Nick Radge.

Gold...


CanOz

 

[Joules MM1]

Gold...


CanOz

as a matter of interest, i sent a private message to Timsk over at Trade2Win to contact Nick and he did.....a nice suprise....and Nick put up a cupla (imho and ime) stella posts as a guest contributer ......you know i seriously thought people would pounce on the posts to get more info, but, no!

..... lead a horse to water

 

[CanOz]

as a matter of interest, i sent a private message to Timsk over at Trade2Win to contact Nick and he did.....a nice suprise....and Nick put up a cupla (imho and ime) stella posts as a guest contributer ......you know i seriously thought people would pounce on the posts to get more info, but, no!

..... lead a horse to water

Skeptics abound.....

truly though...you've got to try and stick with what has worked, esp after forward testing as well. 2 years for most TF EOD systems...

CanOz

 

[harreymartin]

value on Tuesday, and that value has not changed from one day to the next. We can now make an educated guess that we can buy at the lows and sell at the highs of the previous trading range because the range of value has not changed.
Second, the big-round-number is going to keep us contained today around this 1700.00 area. Very sloppy around these big-round-numbers for gold these days as traders use them as psychological levels of support and resistance.

 

[CanOz]

Will post my short term gold charts here from now on...

 

[CanOz]

The market is behaving like its TOO SHORT....waiting to see if we can retrace to 1389, above that we could see a massive short cover scramble...

Shorts right now are messy, lots of covering.

CanOz