:smart:sell USD at 85 ,stoploss 88 tgt gap (shown in chart )
break of 85 confirms the fall for me. better to stay in confirmed trend rather than trying to find the top. rodin,USD myt possible show one more higher low(w.r.t least low) and a new high (just marginally up..to take stops). 4 highs n 3 higher lows rule at work it seems.
after gap is filled , next target is 70 :whistling . gold should jump 200-300 $ in one sessionif tht is happening.
Gold calls.Long term -medium term and intraday calls in gold is here !.
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sujithsstorock
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sell dow jones at 8790 stoploss 8835 tgt 8760-8710-8625
trust direction untill 8930 holds ,1404
do in minimum . (now 8835)
trust direction untill 8930 holds ,1404
do in minimum . (now 8835)
Sorry to be a bit dense! what do you mean by trust direction until 8930 holds?
I assume this call has not been triggered yet
Thanks
sujithsstorock
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1)every call will have 3 targets only.
. . . . . SAFE TRADER target>>means risk-reward ratio will be 1:1. Safe trader should book entire profit here.
. . . . MODERATE TARGET>> ratio will be 1:2 mostly .
. . . . POSITIONAL TARGET>> if prices goes past 2nd target then until entry price is not met,target for holding positional.Mostly 1:10 risk reward ratio.
2)There will be TAG
. . . . . . TRUST STOPLOSS Means , you can trade that call many times as long as stoploss is not met.Thus it means call’s backbond is basically the stoploss
. . . . . . TRUST DIRECTION means>> direction of price move is more trusted than anything else.So keeping a wide stoploss is okay as the direction is true
. . . . . TRUST TARGET means >>this call will hit 2nd target atleast.And trader should not re-trade the call once target is met.
3)TIME >>every call will have GMT time provided along with it. To get your local time converted to gmt , goto timeanddate.com. . . There choose ‘convert’ option.
Hope this will improve trading standards.
peterwright
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Euro
This call was given in advance, 16hrs ago, on Suji's chat board while current euro price was 1.2748 . It is still in progress toward an entry.
I see a significant medium term short on euro that migth start today or tomorow
Short at 1.2983, SL 1.3074 Target 1.2549 - 1.2284 - 1.2119 - 1.18152 - 1.1548
third to fifth target migth see some retracement between each other.
Entry price is approaching and to update, now i see that a slightly higher entry at 1.3012 could be feasable.
This call was given in advance, 16hrs ago, on Suji's chat board while current euro price was 1.2748 . It is still in progress toward an entry.
I see a significant medium term short on euro that migth start today or tomorow
Short at 1.2983, SL 1.3074 Target 1.2549 - 1.2284 - 1.2119 - 1.18152 - 1.1548
third to fifth target migth see some retracement between each other.
Entry price is approaching and to update, now i see that a slightly higher entry at 1.3012 could be feasable.
FYI:
"12/8/2008 11:24:52 AM | Thom Calandra (From Stockhouse)
‘Interventional’ analyst expects price plunge this week
Michael Bolser, a trained physicist who developed dollar value commodity indexes and 10 months ago correctly forecast the scope of the current recession, expects more than 3,000 tonnes of gold to flood the market this week.
Bolser, based in Florida, says the International Monetary Fund will release the gold for sale on Wednesday, Dec. 10. The 64-year-old Bolser says the price of gold subsequently will slide as much as 40 percent – to $455 an ounce in coming weeks from its current $760 an ounce.
Bolser, whom I met five years ago at a New Orleans commodities conference, writes Interventional Analysis, a subscription newsletter based on his real-time dollar index charts of gold, silver and oil and other metrics he devised. Bolser tells me he is plotting timelines with a 50-day calendar of events that central bankers around the world also use to intervene in financial markets.
“Demand will crushed by a bullion dump and $650 prices,” Bolser told me from California, where he is visiting family.
Bolser is a former director of the Gold Anti Trust Action Committee (GATA). The organization, as well as Bolser, believes governments, multi-national organizations and quasi-governmental agencies such as the Bank for International Settlements and the IMF often intervene in commodity markets to “manage the market.”
That is as much as they share in dogma.
“Since Mike is convinced that the Federal Reserve rigidly controls all markets every day and will have the wherewithal to control them forever, and since, in that belief, he has been advocating shorting gold since it was at $413, he's no longer a member of GATA's board,” GATA secretary Chris Powell says. “But we're still in agreement in principle on … surreptitious intervention by the government in the markets.”
Spot on
In February, Bolser told Jerome R. Corsi, who was writing for WorldNetDaily, that the Federal Reserve this year would drive down stock prices as measured by the Dow Jones Industrial Average this year to the 8,000 level from the 12,635 it was selling for then. Bolser also forecast a deep recession, which we now know already had begun.
The Dow average is now about 8,600.
Bolser used another metric he devised, one tracking Federal Reserve repurchase agreements that the central bank uses to lend funds to large banks, to predict the Dow Jones average’s daily movements. He has been close more often than not in 2008.
Bolser is a prolific author of papers ranging from monetary policy and money flows to “optics materials theory.” He says he called the reversal in the price of crude oil three weeks before its mid-July high of approximately $150 a barrel. A barrel now sells for $40 or so.
Bolser’s theory of interventional maneuvering covers a wide range of what he calls “covert” activity. The large receivers of Fed repurchase agreements each day, Bolser says, use the liquidity they provide to buy and sell commodities such as gold and oil, and to transact derivatives, swaps, futures, forward sales and so on.
On the IMF “dump” of gold he is forecasting for this week, Bolser says, “The IMF will say we need to take outperforming assets and put them in places where we can get the economy of the world going again. This is a replay of 1934, an artificial depression. The central banks will end up with the IMF’s gold.”
If your head is spinning, please do not call the doctor just yet. My head is spinning, too. I have been writing about gold and other commodity markets in one way or another since 1990.
The IMF, for example, already pledged this year to sell about 2,000 tonnes of gold in the marketplace. The IMF essentially receives gold from its member central banks as a pledge. That much I know.
Still, I feel like the reporter in the fictional movie coming out of Hollywood later this month, the woman who essentially wrote terrific stories about Venezuela and an assassination attempt on the U.S. president, but her sources were dead wrong. If your sources are wrong, one character in the film says, then you’re wrong. The film is called “Nothing But The Truth”
Bolser has a small and dedicated audience, and his metrics are original and purely formed. His research is deep. I could not find anyone outright laughing at his predictions.
“We don’t think the bottom (for gold) is in, so any decline fits fine,” says Robert Prechter, strategist, author and chief of market forecasting firm Elliott Wave.
Shoot the …
Bolser’s convictions, alas, are intense – thus making him a marked messenger if his forecasts turn out to be wrong.
“I am calling Dec. 10 as the center of probability for the IMFD selling 2,100 tonnes of Italian gold and another 1,100 tonnes from other countries. They will declare an emergency because the elites in charge want the gold,” Bolser says.
The motive behind all of Bolser’s bold predictions is as plain as he can make it, he says. The Fed and developed nations’ central banks and cooperating banks are victimizing investors, be they oil, gold or currency speculators.
As for economics, Bolser says central bankers have engineered a recession at the same time they are hyper-inflating their economies with trillions of dollars, pounds, euros and yen worth of paper currency. The effect, he says is one to counterbalance deflation and inflation.
U.S. Federal Reserve Chief Ben Bernanke in a 2002 speech about avoiding deflation said, “The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.”
Bolser also follows the platinum market and says casual observers might keep an eye on the platinum price compared to gold. He expects platinum to hold the $800 level as gold slides.
At GATA, Chris Powell is no research slouch either. He likes Bolser, as many do. But he poses these counters to Bolser’s gold timeline:
“There is such a retail shortage and such a premium on real metal above futures contracts.
See Antal Fekete's analysis published on the backwardation creeping into the gold market,” Powell tells me. (Please see: http://news.goldseek.com/GoldSeek/12...
“Central banks all over the world are rushing to reflate and devalue. Indeed, a British economist, Peter Millar, speculates that central banks will use an upward revaluation of gold to avert debt deflation, just as FDR did in 1934,” Powell says. (You can find Millar's treatise on this topic here: Peter Millar: Seven-fold increase in gold needed to avert debt depression | Gold Anti-Trust Action Committee.)
Bolser sticks to his calendar. “As gold bugs enter a rising hysteria about shorts … and COMEX contract delivery requests, the Fed will slash then mercilessly,” he says. “It is a replay of the last financial hours of (silver speculator) Nelson Bunker Hunt."
"12/8/2008 11:24:52 AM | Thom Calandra (From Stockhouse)
‘Interventional’ analyst expects price plunge this week
Michael Bolser, a trained physicist who developed dollar value commodity indexes and 10 months ago correctly forecast the scope of the current recession, expects more than 3,000 tonnes of gold to flood the market this week.
Bolser, based in Florida, says the International Monetary Fund will release the gold for sale on Wednesday, Dec. 10. The 64-year-old Bolser says the price of gold subsequently will slide as much as 40 percent – to $455 an ounce in coming weeks from its current $760 an ounce.
Bolser, whom I met five years ago at a New Orleans commodities conference, writes Interventional Analysis, a subscription newsletter based on his real-time dollar index charts of gold, silver and oil and other metrics he devised. Bolser tells me he is plotting timelines with a 50-day calendar of events that central bankers around the world also use to intervene in financial markets.
“Demand will crushed by a bullion dump and $650 prices,” Bolser told me from California, where he is visiting family.
Bolser is a former director of the Gold Anti Trust Action Committee (GATA). The organization, as well as Bolser, believes governments, multi-national organizations and quasi-governmental agencies such as the Bank for International Settlements and the IMF often intervene in commodity markets to “manage the market.”
That is as much as they share in dogma.
“Since Mike is convinced that the Federal Reserve rigidly controls all markets every day and will have the wherewithal to control them forever, and since, in that belief, he has been advocating shorting gold since it was at $413, he's no longer a member of GATA's board,” GATA secretary Chris Powell says. “But we're still in agreement in principle on … surreptitious intervention by the government in the markets.”
Spot on
In February, Bolser told Jerome R. Corsi, who was writing for WorldNetDaily, that the Federal Reserve this year would drive down stock prices as measured by the Dow Jones Industrial Average this year to the 8,000 level from the 12,635 it was selling for then. Bolser also forecast a deep recession, which we now know already had begun.
The Dow average is now about 8,600.
Bolser used another metric he devised, one tracking Federal Reserve repurchase agreements that the central bank uses to lend funds to large banks, to predict the Dow Jones average’s daily movements. He has been close more often than not in 2008.
Bolser is a prolific author of papers ranging from monetary policy and money flows to “optics materials theory.” He says he called the reversal in the price of crude oil three weeks before its mid-July high of approximately $150 a barrel. A barrel now sells for $40 or so.
Bolser’s theory of interventional maneuvering covers a wide range of what he calls “covert” activity. The large receivers of Fed repurchase agreements each day, Bolser says, use the liquidity they provide to buy and sell commodities such as gold and oil, and to transact derivatives, swaps, futures, forward sales and so on.
On the IMF “dump” of gold he is forecasting for this week, Bolser says, “The IMF will say we need to take outperforming assets and put them in places where we can get the economy of the world going again. This is a replay of 1934, an artificial depression. The central banks will end up with the IMF’s gold.”
If your head is spinning, please do not call the doctor just yet. My head is spinning, too. I have been writing about gold and other commodity markets in one way or another since 1990.
The IMF, for example, already pledged this year to sell about 2,000 tonnes of gold in the marketplace. The IMF essentially receives gold from its member central banks as a pledge. That much I know.
Still, I feel like the reporter in the fictional movie coming out of Hollywood later this month, the woman who essentially wrote terrific stories about Venezuela and an assassination attempt on the U.S. president, but her sources were dead wrong. If your sources are wrong, one character in the film says, then you’re wrong. The film is called “Nothing But The Truth”
Bolser has a small and dedicated audience, and his metrics are original and purely formed. His research is deep. I could not find anyone outright laughing at his predictions.
“We don’t think the bottom (for gold) is in, so any decline fits fine,” says Robert Prechter, strategist, author and chief of market forecasting firm Elliott Wave.
Shoot the …
Bolser’s convictions, alas, are intense – thus making him a marked messenger if his forecasts turn out to be wrong.
“I am calling Dec. 10 as the center of probability for the IMFD selling 2,100 tonnes of Italian gold and another 1,100 tonnes from other countries. They will declare an emergency because the elites in charge want the gold,” Bolser says.
The motive behind all of Bolser’s bold predictions is as plain as he can make it, he says. The Fed and developed nations’ central banks and cooperating banks are victimizing investors, be they oil, gold or currency speculators.
As for economics, Bolser says central bankers have engineered a recession at the same time they are hyper-inflating their economies with trillions of dollars, pounds, euros and yen worth of paper currency. The effect, he says is one to counterbalance deflation and inflation.
U.S. Federal Reserve Chief Ben Bernanke in a 2002 speech about avoiding deflation said, “The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.”
Bolser also follows the platinum market and says casual observers might keep an eye on the platinum price compared to gold. He expects platinum to hold the $800 level as gold slides.
At GATA, Chris Powell is no research slouch either. He likes Bolser, as many do. But he poses these counters to Bolser’s gold timeline:
“There is such a retail shortage and such a premium on real metal above futures contracts.
See Antal Fekete's analysis published on the backwardation creeping into the gold market,” Powell tells me. (Please see: http://news.goldseek.com/GoldSeek/12...
“Central banks all over the world are rushing to reflate and devalue. Indeed, a British economist, Peter Millar, speculates that central banks will use an upward revaluation of gold to avert debt deflation, just as FDR did in 1934,” Powell says. (You can find Millar's treatise on this topic here: Peter Millar: Seven-fold increase in gold needed to avert debt depression | Gold Anti-Trust Action Committee.)
Bolser sticks to his calendar. “As gold bugs enter a rising hysteria about shorts … and COMEX contract delivery requests, the Fed will slash then mercilessly,” he says. “It is a replay of the last financial hours of (silver speculator) Nelson Bunker Hunt."
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sujithsstorock
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positional call
sell US russell 2000 at 485 stoploss 499 tgt 462
trust direction,trust tgt (now 478) (risk taker can sell here too )
sell US russell 2000 at 485 stoploss 499 tgt 462
trust direction,trust tgt (now 478) (risk taker can sell here too )
sujithsstorock
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buy dow jones at 8854 tgt 8892 stoploss 8805 (now 8808)
824 gmt trust tgt
or sell at 8781 stoploss 8820 tgt 8755-8681 trust direction
824 gmt trust tgt
or sell at 8781 stoploss 8820 tgt 8755-8681 trust direction
sujithsstorock
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buy call met 1st tgt . 38 ticks profit
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sujithsstorock
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buy eur/usd at 12867 stoploss 12828 tgt 12897-12946-13000
trust directon , untill 2days low holds. 1500 gmt (now 12851)
trust directon , untill 2days low holds. 1500 gmt (now 12851)
sujithsstorock
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1st tgt met :clap::clap:
