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futurestrader
#1 Posted : Friday, August 26, 2011 11:08:55 AM
Rank: New-farer


Joined: 8/26/2011
Posts: 16
Currencies are good , Gold is better :) lol

PS. I dnt want haters on this thread . If you still think FX and Futures is crap , leave this thread alone and leave the people who want to make money live in peace.

.
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Audaces Fortuna Iuvat
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QW25071985
#2 Posted : Friday, August 26, 2011 11:22:49 AM
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Joined: 3/25/2011
Posts: 946
am sure @guru has heard that loud and clear , lol
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jamplu
#3 Posted : Friday, August 26, 2011 11:24:38 AM
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Joined: 3/25/2010
Posts: 939
Location: Nai
it has its moments too it had lost 200 by yesterday in a week but its a good choice
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hisah
#4 Posted : Sunday, August 28, 2011 5:14:00 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
futurestrader wrote:
Currencies are good , Gold is better :) lol

PS. I dnt want haters on this thread . If you still think FX and Futures is crap , leave this thread alone and leave the people who want to make money live in peace.

.

Kudos smile

I can see you also trade jumbo lot sizes smile

I'm envious that you're still in trade since I closed my trade when prices shot past $1600 in a few days from $1490. Had got in at $1505 and it seemed toppish @ 1620. Took profit @1610.
I have 2 concerns at the moment:
1. The daily price moves of $50+ are making gold become a volatile trade. But not yet like silver.

2. The technicals on long term charts are too stretched. Look at the monthly chart & you'll notice while price is rallying, RSI overbought levels are getting lower. The rally strength is not supporting higher prices. The huge $200 reversal hints at a nasty correction. I hope you have your profit triggers in place to avoid losing those nice gains.

And yes, gold is money. Silver too is catching up. Has been my best trade in 2011.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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jamhurifx
#5 Posted : Sunday, August 28, 2011 12:42:21 PM
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Joined: 8/16/2011
Posts: 17
Location: Nairobi
futurestrader wrote:
Currencies are good , Gold is better :) lol

PS. I dnt want haters on this thread . If you still think FX and Futures is crap , leave this thread alone and leave the people who want to make money live in peace.

.


That my friend is a lovely account.Keep it up
jamhurifx.blogspot.com
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Ceinz
#6 Posted : Sunday, August 28, 2011 6:00:51 PM
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Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Good thread that we can use to track gold, silver and other commodities. @ Hisah, gold rally is not done yet as long as rumours of QE3 persist. It should shoot past $2000.
“small step for man”
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hisah
#7 Posted : Monday, August 29, 2011 1:01:00 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Ceinz wrote:
Good thread that we can use to track gold, silver and other commodities. @ Hisah, gold rally is not done yet as long as rumours of QE3 persist. It should shoot past $2000.

$2000 is short term target. $5000 can be surpassed with all the money printing. But short term period indicators are too stretched just like silver back in May 2011 & oil in 2008. A sizable correction is coming. At 1500-1600 level the spring to push above $2000 - 2500 will have more power.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#8 Posted : Monday, August 29, 2011 1:46:17 AM
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Joined: 8/4/2010
Posts: 8,977
Definitely I short a test & failure to go above 1915-1920 aiming
1700-1650. Yes, I'm a gold bull, but such a short setup cannot go to waste.

http://tinyurl.com/3k279ce
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#9 Posted : Monday, August 29, 2011 9:28:20 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Gold. Dumb Money. Bubble?
http://www.babypips.com/blogs/c..._dumb_money_bubble.html
“small step for man”
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futurestrader
#10 Posted : Monday, August 29, 2011 7:02:56 PM
Rank: New-farer


Joined: 8/26/2011
Posts: 16
hi traders...hope you made mad pips today...note XAU moves 1500 pips per day...last i checked Euro did daily average of 150 pips..do the maths
you just need balls of steel to trade this baby

anyways a glimpse of my today's trade - no wonder some of my friends hate me..



am having a problem posting replies..apparently i can only post 1 reply every 2.5 mins

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Audaces Fortuna Iuvat
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hisah
#11 Posted : Tuesday, August 30, 2011 5:59:52 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Back in May 2010. CNBC talking heads vs P. Schiff. I like this classic exchanges esp on how gold is a bubble as the global economy 'recovers' in an endless recession as per the mainstream biz media houses & most govt central planners.

http://www.youtube.com/watch?v=XW3jFfVtYSs

And in July 2011 Bernanke vs R. Paul. Bernanke says gold is a safe haven during panic central. Asked if it's money, no is the answer. Asked why central banks hold it as reserves instead of diamonds, he says it's tradition. This bankster is so cornered smile

My query to him would why are China, India, S.Korea central banks & others buying gold instead of swapping more dollar reserves? Why is Venezuela recalling its gold stash from european bank vaults?

http:// www.youtube.com/watch?v=2NJnL10vZ1Y
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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futurestrader
#12 Posted : Tuesday, August 30, 2011 9:05:13 AM
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Joined: 8/26/2011
Posts: 16
@hisah so true . There has to be a reason why central banks are buying gold. I remember when India was buying several tonnes of gold at the $1200 area...many pundits thought they were crazy...right now who is having the last laugh

Gold is heading for $3000 and oil is heading for $200 without the barrel :) ....Bull or Bubble...there is money to be made...hedge funds have been waiting for gold to burst...for 10 years they are still waiting lol..

have a fab day trading yall..see you in the evening
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Audaces Fortuna Iuvat
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hisah
#13 Posted : Tuesday, August 30, 2011 9:53:11 AM
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Joined: 8/4/2010
Posts: 8,977
futurestrader wrote:
@hisah so true . There has to be a reason why central banks are buying gold. I remember when India was buying several tonnes of gold at the $1200 area...many pundits thought they were crazy...right now who is having the last laugh

Gold is heading for $3000 and oil is heading for $200 without the barrel :) ....Bull or Bubble...there is money to be made...hedge funds have been waiting for gold to burst...for 10 years they are still waiting lol..

have a fab day trading yall..see you in the evening

S. Korea CB (Central Bank) bought @ $1400. I'm waiting to see the WGC (World Gold Council) end year report. Last year's report showed a lot of CBs increased gold holdings than being net sellers a trend that has been in place more than 2 decades...

As usual hedgefunds are 'good' with money moves. A number of them will go bust again after the sudden global market selloff. Someone called J. Paulson & his fund has seen blue-black this year. The smaller hedgefunds must be about to get margin calls...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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futurestrader
#14 Posted : Tuesday, August 30, 2011 9:59:44 AM
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Joined: 8/26/2011
Posts: 16
@hisah..btw..i scalp xau alot...that swing trade..i came out 50% less...i panicked after 2 days of sell off...too bad i cannot get that price again of 1515..
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Audaces Fortuna Iuvat
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futurestrader
#15 Posted : Wednesday, August 31, 2011 9:53:07 AM
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Joined: 8/26/2011
Posts: 16
quiet morning...made some losses...not bad...the day is still young...Gold packs in some pleasant surprises
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Audaces Fortuna Iuvat
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hisah
#16 Posted : Sunday, September 04, 2011 10:38:08 AM
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Joined: 8/4/2010
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Keep this in mind goldbugs...

1869 September 24
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#17 Posted : Sunday, September 04, 2011 2:43:20 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Hey guys. What are the chances of seeing $2,500/ounce soon.
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hisah
#18 Posted : Sunday, September 04, 2011 3:51:03 PM
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Joined: 8/4/2010
Posts: 8,977
As soon as tomorrow if the Greek bailout drama continues with IMF & EU throwing tomatoes at each other or Bungestag deciced on Sept 7th that it is not Germany's taxpayers biz to bailout a fiscally indisciplined greek political fat-cats or as soon as Greece says it can't find cash to pay for the maturing greek bonds on Sept 22nd... Then Italy/Spain/Portugal CDS will go crackers with their interest rates going on a parabolic just like greek's 1yr note is now at 70%... At that moment, I'd expect a lot of euro banks to see liquidity drought esp for USD funds and that panic will see another upleg on gold & silver...

As it is, I expect by Nov 2011 when the rubber in Euroland and US meets the road, gold could be above $2500 and silver at $60...

Let us wait and see what the tape will read like by Dec 2011...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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futurestrader
#19 Posted : Sunday, September 04, 2011 3:55:41 PM
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Joined: 8/26/2011
Posts: 16
yes - all that hisah has clearly mentioned :)

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Audaces Fortuna Iuvat
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Cde Monomotapa
#20 Posted : Sunday, September 04, 2011 4:19:59 PM
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Joined: 1/13/2011
Posts: 5,964
Great smile Thanks.
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