Quote from previous Idea " Most important thing is that gold need to reverse after it tags red box ( 1168 - 1161 ). Because if gold breaks old frequency pivots, it will invalidate new frequency rollover and lead to possible gold drop to complete the downward phase fully. What means if gold breaks 1161 it will attack 1156 and smash it leading to 1133 - 1120. "
As per rules it is a failure, because gold needed to smash 1156 and close under it in exact day when it breaks frequency tag area.
Refer to this template as well.
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I studied all my Ideas, and 99.99% of cases if you were to take my trading call, gold has offered you a chance to get out of position at Break Even meaning zero loss. I am not your mommy your daddy or someone that needs to take care of you and manage your trades.
Komentarz
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Gold is still in a previous range. Showing 50% level one more time as in Template idea. Have a great weekend.
All you need now is ... patience..the bullion banks are no longer interested in pushing the price significantly lower(this would destroy their physical gold selling bussiness to central banks)..they are trying to load as much as possible at these prices..but guess what??.not many sellers are selling....especially in 10kg bars..(ask London metal dealers)..mining companies,unless they are forsed to sell by previous contractual aggreements are trying to hold any forward sales at the moment..perfectly aware that this is not a "technical sell off"..this is" normal" coordinated trading strategy by 5 major market makers(one of them known proxy for the Fed)...and very soon they would start heavily taking the long side. As it happened in April this year...
.Personally,im expecting a big move to the upside this week..after Fed announcement contrary to the mass media misinformation..
Gold can not be driven to the zero value no matter how hard the bullion banks gonna try..it has its phases and its ups and downs..and the gold market is not manupulated..as some people are convinced..it is totally and absolutely controlled by bullion banks cartel ..and even large hedge funds cannot compete with bullion banks, able to drop at any moment they wish 5,10, or 20 billion dollars worth of paper gold contracts supportded by unlimited amount of synthetic money provided by central bank casino..and we as small traders or investors can only make money if we can forsee or predict through our knoweledge of TA next step or future intensions of the bullion banks....which is the hardest thing to do.
.Warren Buffet once said that you have no place in the market if you cannot sleep when your position down 50%....TP has the guts very few traders posess ..and we have to avoid smart comments. And support him all the way!!
Jamie-Dimon
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@leonarddavidson60,
fully agree. I bought NUGT and JNUG for 50k € when Gold dropped to 1180. I am not feeling good about it anymore and hope for a turnaround, too.
My friend..! I found foxes around you. get a stick ;)
Jamie-Dimon
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@TPparadigma, are you really still holding this huge unhedged long position ?
UnknownUnicorn738647
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If your JAFR system is so accurate and reliable, and gold always does what you tell it to do, why are you so deep in the red?
You should probably focus on putting out a fewer amount of quality ideas, than spamming my idea feed with nonsense ideas, and focus more on actually making good, timely trades, than selling us your fictionary "system".
Just my 2 cents, this comment will probably get deleted by you though...
D3w0
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@HaroldGoldstein, Can I please see some of your ideas?
.Personally,im expecting a big move to the upside this week..after Fed announcement contrary to the mass media misinformation..
Gold can not be driven to the zero value no matter how hard the bullion banks gonna try..it has its phases and its ups and downs..and the gold market is not manupulated..as some people are convinced..it is totally and absolutely controlled by bullion banks cartel ..and even large hedge funds cannot compete with bullion banks, able to drop at any moment they wish 5,10, or 20 billion dollars worth of paper gold contracts supportded by unlimited amount of synthetic money provided by central bank casino..and we as small traders or investors can only make money if we can forsee or predict through our knoweledge of TA next step or future intensions of the bullion banks....which is the hardest thing to do.
.Warren Buffet once said that you have no place in the market if you cannot sleep when your position down 50%....TP has the guts very few traders posess ..and we have to avoid smart comments. And support him all the way!!