Gold in 2011 - Commodities Futures Trading | futures io social day trading
futures io futures trading


Gold in 2011
Updated: Views / Replies:12,442 / 114
Created: by aquarian1 Attachments:33

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 33  
 
Thread Tools Search this Thread
 

Gold in 2011

  #71 (permalink)
Elite Member
australia
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: -
 
Posts: 300 since Sep 2010
Thanks: 123 given, 137 received

I am starting to build some shorts, let see what happen in 3-4 weeks

Reply With Quote
 
  #72 (permalink)
Membership Temporarily Revoked
NYC
 
Futures Experience: None
Platform: graph paper and pencil
Favorite Futures: harp
 
dutchbookmaker's Avatar
 
Posts: 187 since Dec 2010
Thanks: 9 given, 107 received


jonc View Post
I am starting to build some shorts, let see what happen in 3-4 weeks


I'm out of GLD here...even with my runners.
Doesn't make sense to short though...
Shorting a false USD breakout on Yen weakness becomes cool here at a certain level but who knows given
the yellow metal fan boys...
Putting on metal longs here is newb...SLV pullback is what the retail, not dumbass traders should be sniping...
If I had such exact levels I would be trying to sell you a "newsletter"...

Reply With Quote
 
  #73 (permalink)
Membership Temporarily Revoked
Mumbai, India
 
Futures Experience: Advanced
Platform: TT trader, Stellar and Marex
Favorite Futures: IPE Brent Oil
 
benaam's Avatar
 
Posts: 13 since Mar 2011
Thanks: 53 given, 3 received

Hmmm



jonc View Post
I am starting to build some shorts, let see what happen in 3-4 weeks

I also was planning the same from 1438$, got out early at 1415, would have loved to wait till at least 1368...

lets see, any idea how Japan could change the gold equation?

Reply With Quote
 
  #74 (permalink)
Elite Member
australia
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: -
 
Posts: 300 since Sep 2010
Thanks: 123 given, 137 received


dutchbookmaker View Post
I'm out of GLD here...even with my runners.
Doesn't make sense to short though...
Shorting a false USD breakout on Yen weakness becomes cool here at a certain level but who knows given
the yellow metal fan boys...
Putting on metal longs here is newb...SLV pullback is what the retail, not dumbass traders should be sniping...
If I had such exact levels I would be trying to sell you a "newsletter"...

It is a risky short trade. My first lot was opened at 1423 when gold came down from 1440 but after I took the short position, the price went back up to approx 1434 where I added to my short position. And then gold was down below 1400 briefly a couple of days ago.

My reason for the short trade was indicated in previous post - gold have a seasonal behavior like most commodities. Thus I believe we have a strong basis for the the short if you have your targets right. Gold is not doubt on a bull run and I see that it is on the way to breaking new highs again and again but it will not go straight up.

I still have not gotten out of all my longs - I have both shorts and longs now



benaam View Post
I also was planning the same from 1438$, got out early at 1415, would have loved to wait till at least 1368...

lets see, any idea how Japan could change the gold equation?

It is a good and profitable trade nonetheless, I took profits off bulk of my shorts even earlier than you at the 1420s. I would be quite surprise though if we see gold getting close to 1350 again. But you never know.

I do believe Japan situation is positive for gold on a long run provided the situation does not escalate to bring down the world economy - they are printing more money to stabilize the economy and I do not see any monetary tightening soon in view of the situation.

However I do not like profiting from disasters, money is worthless if the world is on the brink of collapse. I have made very good money over these years from trading precious metals - especially silver and one thing which I found distasteful about the hyper gold and silver bugs are that they are always and persistently crying about a total collapse of the world order/economy in the name of having a fairer and sound monetary system and government when in actual fact their real desire is to profit from the collapse. They rejoice when they hear about wars and fightings because their gold and silver will be rising.

Ok, I think I got out of topic :P


Last edited by jonc; March 19th, 2011 at 02:44 AM.
Reply With Quote
The following user says Thank You to jonc for this post:
 
  #75 (permalink)
Just starting out...
London, England.
 
Futures Experience: Intermediate
Platform: IB + free NT.
Favorite Futures: GC, YM.
 
Tartimo's Avatar
 
Posts: 11 since Nov 2010
Thanks: 10 given, 6 received

Hi Jonc,

I agree with you about the distastefulness of silver & gold bugs requiring pain to be caused to a lot of the world's population in order to profit from their bull positions. Trading is about extracting money from the market (i.e. other people's pockets) and that is fine with me because other participants have chosen to play the market game. However I feel bad when economic weakness/disorder causes pain to the general population and I think this is perhaps why politicians fight against the complete debt deflation which the Austrian school of economics calls for. It will just cause too much pain to too many people and politicians (aided by central bankers) will try to avoid a debt deflation in any way they can. That is why they choose ZIRP, QE1, QE2, etc. rather than an economic depression together with 25% unemployment.

Regards,
Tartimo.

Reply With Quote
 
  #76 (permalink)
Elite Member
australia
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: -
 
Posts: 300 since Sep 2010
Thanks: 123 given, 137 received

Tartimo,

How had your GC tradings been doing this week? I was away for almost 2 weeks except weekend and could not do any intra-day trading. I need to get in tune with the market before I starts intra day trade again.

My shorts that were left running are red but they are hedged by the longs. Looking at the charts, it seem good to add to the short at these levels for a quick profit but this will be totally against fundamentals. Very risky again.





Tartimo View Post
Hi Jonc,

I agree with you about the distastefulness of silver & gold bugs requiring pain to be caused to a lot of the world's population in order to profit from their bull positions. Trading is about extracting money from the market (i.e. other people's pockets) and that is fine with me because other participants have chosen to play the market game. However I feel bad when economic weakness/disorder causes pain to the general population and I think this is perhaps why politicians fight against the complete debt deflation which the Austrian school of economics calls for. It will just cause too much pain to too many people and politicians (aided by central bankers) will try to avoid a debt deflation in any way they can. That is why they choose ZIRP, QE1, QE2, etc. rather than an economic depression together with 25% unemployment.

Regards,
Tartimo.


Reply With Quote
 
  #77 (permalink)
Just starting out...
London, England.
 
Futures Experience: Intermediate
Platform: IB + free NT.
Favorite Futures: GC, YM.
 
Tartimo's Avatar
 
Posts: 11 since Nov 2010
Thanks: 10 given, 6 received


jonc View Post
Tartimo,

How had your GC tradings been doing this week? I was away for almost 2 weeks except weekend and could not do any intra-day trading. I need to get in tune with the market before I starts intra day trade again.

My shorts that were left running are red but they are hedged by the longs. Looking at the charts, it seem good to add to the short at these levels for a quick profit but this will be totally against fundamentals. Very risky again.

Hi Jonc,

I too have not traded GC at all during the last two weeks. This is due to the clocks moving forward in the States two weeks before they move forward here in England. This always messes with my daily routine and it just does not feel right when the GC pit session opens an hour earlier than I am used to. So I will get back in the saddle on Monday when times are back in sync. I don't have this problem when the clocks go back at the end of October because Europe and the States all move at the same time. I guess our American friends just can't wait for summer to arrive so they jump the gun with Summer Time!

I have no really strong view on GC at the moment but I note that it is struggling to get thru the highs of late Dec/early March although the Dollar remains weak and DX is hovering just above its Nov 2010 low. I wouldn't be surprised if GC breaks higher at the same time as DX breaks lower (I am referring to the daily & weekly timeframes here).

Regards Tartimo.

Reply With Quote
The following user says Thank You to Tartimo for this post:
 
  #78 (permalink)
Membership Temporarily Revoked
Mumbai, India
 
Futures Experience: Advanced
Platform: TT trader, Stellar and Marex
Favorite Futures: IPE Brent Oil
 
benaam's Avatar
 
Posts: 13 since Mar 2011
Thanks: 53 given, 3 received

1438 and 1410

looks like my levels are very good and but somehow i couldn't gather courage to short and hold this time.

Sell 1438, Buy 1410/1415

I feel that something is badly wrong in gold market and there might be a huge correction to the downside. Dunno why, just have a bad feeling since every investor, hedger, trader and the person walking on mud streets is heavily relying on the strength of gold and buying it as a good investment.

Hope the levels stay.

Reply With Quote
 
  #79 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,234 since Dec 2010
Thanks: 1,163 given, 1,749 received
Forum Reputation: Legendary

I watched a video at talking numbers from 6 days ago
Talking Numbers ? Yahoo! Finance
----------------------
Gold may find its legs for another push higher IF it can hold its trendline
(currently about 1406) and bounce upward.

Buy off of trendline bounce with minus $6 stop or
Buy after close above 1430 with a $12 stop.

Keep your mind in the future, in the now.
Reply With Quote
 
  #80 (permalink)
Membership Temporarily Revoked
NYC
 
Futures Experience: None
Platform: graph paper and pencil
Favorite Futures: harp
 
dutchbookmaker's Avatar
 
Posts: 187 since Dec 2010
Thanks: 9 given, 107 received


Gold makes humans not rational..i stick by being flat here after catching the move if you look back...At some point you have to leverage out...
Only a complete bullshitter pretends they have a crystal ball here...
As flat as possible besides for Buffet moves.
Most brutal and picky regime we have had since the bottom the crisis.....
Only move is slightly dollar cost avg the S and P....Even telecom has moved nice..fuck that.

If you disagree, I will get back to you on a flag...

Reply With Quote

Reply



futures io > > > > Gold in 2011

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Drag Race! 2012 Nissan GT-R vs 2011 Chevy Corvette Z06 vs 2011 Shelby GT500 Big Mike Off-Topic 10 December 25th, 2011 06:10 PM
Crude in 2011 aquarian1 Commodities Futures Trading 201 September 23rd, 2011 06:04 AM
Market is likely to be down for the year 2011 or 2012 kbit News and Current Events 2 July 26th, 2011 03:17 PM
Silver in 2011 aquarian1 Commodities Futures Trading 184 June 26th, 2011 12:37 AM


All times are GMT -4. The time now is 09:24 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-13 in 0.15 seconds with 20 queries on phoenix via your IP 54.82.56.95