XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 191 | Metals Mine

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XAU/USD & XAG/USD - Gold & Silver Traders Thread

  • #3,801
  • Mar 23, 2011 9:37am Mar 23, 2011 9:37am
may be early but closed 1420 long.
we probably see your red candles any time euroscum
  • #3,802
  • Mar 23, 2011 9:41am Mar 23, 2011 9:41am
We are COOKING now!

just need to take out this line at 1440!!!

If trend persists Hello 1500!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,803
  • Mar 23, 2011 9:44am Mar 23, 2011 9:44am
Is it an opportunity to short it for some intra day profits...??
  • #3,804
  • Mar 23, 2011 9:45am Mar 23, 2011 9:45am
is there anyone trading using correlation between gold+silver?
can share the result?
  • #3,805
  • Mar 23, 2011 9:49am Mar 23, 2011 9:49am
pratik - yes and no....for goodness sake read what i've posted to you before

kamen - suggest you look at a gold/silver ratio chart

beeb
  • #3,806
  • Mar 23, 2011 9:58am Mar 23, 2011 9:58am
Quoting Pratik
Is it an opportunity to short it for some intra day profits...??
new record high in silver, do not short this baby.
  • #3,807
  • Mar 23, 2011 9:59am Mar 23, 2011 9:59am
Quoting kamen
is there anyone trading using correlation between gold+silver?
can share the result?
I look at the gold chart to trade silver sometimes Silver follows gold which is the primary driver.
  • #3,808
  • Mar 23, 2011 10:04am Mar 23, 2011 10:04am
Quoting kamen
is there anyone trading using correlation between gold+silver?
can share the result?
There is a corellation, if u trade gold watch Ag too
Sometimes gold moves much faster than Ag, so you can
take some profits there if been late with Gold
  • #3,809
  • Mar 23, 2011 10:09am Mar 23, 2011 10:09am
Quoting XTrade
We are COOKING now!

just need to take out this line at 1440!!!

If trend persists Hello 1500!
OK!

Ag just made a new high, gold is almost too.

But what is the primary target for Ag????
Where will be Ag if Au hit 1500???
  • #3,810
  • Mar 23, 2011 10:26am Mar 23, 2011 10:26am
Quoting Euroscum
new record high in silver.....

(psst - it's only a 30 year high lol)



beeb
  • #3,811
  • Mar 23, 2011 11:28am Mar 23, 2011 11:28am
Yep confirmed new High! For Silver

-----
No pratik We are trending UP buy dips. Selling Gold or silver right now is not a trade you will be able to stay in for a long time.

Not to mention it is counter trend.

Quoting Euroscum
new record high in silver, do not short this baby.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,812
  • Mar 23, 2011 11:55am Mar 23, 2011 11:55am
Primary target for now is

$50 USD for silver

$1500 / 1550 intermediates for gold
and
$2000 for longer term.

Quoting fawaol
OK!

Ag just made a new high, gold is almost too.

But what is the primary target for Ag????
Where will be Ag if Au hit 1500???
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,813
  • Mar 23, 2011 11:57am Mar 23, 2011 11:57am
Quoting XTrade
Yep confirmed new High! For Silver

-----
No pratik We are trending UP buy dips. Selling Gold or silver right now is not a trade you will be able to stay in for a long time.

Not to mention it is counter trend.

Ok... thanks for advice... will wait for the price to dip...
and for that matter will it dip... lolzz....
seeing the current trend it seems difficult.... http://www.forexfactory.com/images/icons/icon12.gif
  • #3,814
  • Mar 23, 2011 12:00pm Mar 23, 2011 12:00pm
The use of Gold to silver ratio is as follows.

Not sure if this is what you mean - (correlation is not very important because Gold and silver move mainly in tandem.

How to trade a ratio using physical metal is as follow.

You buy xxx ozs of silver and it rises fifteen dollars you then take profit.

Next gold and silver both dip in terms of USD.

yet say you have sold your silver for $30 usd and gold dips to 1300
you then buy all the gold you can with your cash profits.

Next you wait for silver to dip and gold to rise a bit - sell the Gold at 1400
buy silver on dip from GOLD cash profits.

Each time you flip you are supposed to be acquiring more metal with the profits you have made.
YOu need to pay close attention to the charts and have a good dealer to sell and buy from so you don't lose too much of your profits on the sales.

That is ratio trading.


Quoting kamen
is there anyone trading using correlation between gold+silver?
can share the result?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,815
  • Mar 23, 2011 12:06pm Mar 23, 2011 12:06pm
Quoting Pratik
Ok... thanks for advice... will wait for the price to dip...
and for that matter will it dip... lolzz....
seeing the current trend it seems difficult.... http://www.forexfactory.com/images/icons/icon12.gif

pratik

it seems to me that you need to find a method that works for you - for example i use forks such as the one shown in post #3923. that works for me - i suggest you spend some time finding one that is the right one for you.

alternatively i could just tell you when to buy or sell and you could send me an agreed proportion of your profits ( obviously i won't be responsible for your losses)

beeb

ps the second paragraph was a joke
  • #3,816
  • Mar 23, 2011 12:12pm Mar 23, 2011 12:12pm
[quote=beeb;4493773]pratik

it seems to me that you need to find a method that works for you - for example i use forks such as the one shown in post #3923. that works for me - i suggest you spend some time finding one that is the right one for you.


Could you pls tell me how to use forks method.. just an overview...
i would love to learn..
  • #3,817
  • Mar 23, 2011 12:16pm Mar 23, 2011 12:16pm
[quote=Pratik;4493782]
Quoting beeb
pratik



Could you pls tell me how to use forks method.. just an overview...
i would love to learn..


use Google - variations on "Andrews Pitchforks" should do it - there is plenty of info out there.....



beeb
  • #3,818
  • Mar 23, 2011 12:19pm Mar 23, 2011 12:19pm
[quote=beeb;4493789]
Quoting Pratik



use Google - variations on "Andrews Pitchforks" should do it - there is plenty of info out there.....



beeb
ok.. thanx dear....
  • #3,819
  • Mar 23, 2011 12:53pm Mar 23, 2011 12:53pm
Quoting XTrade
Primary target for now is

$50 USD for silver

$1500 / 1550 intermediates for gold
and
$2000 for longer term.

What can be the method of adding to the position if enter to unmarked region (as Ag now)?????

What is the key levels for Ag????
  • #3,820
  • Mar 23, 2011 2:03pm Mar 23, 2011 2:03pm
exited my second 1/3 at 1435. still have a 1/3 left from 1407, and a 1/3 from 1363. go go go!
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