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

  • #5,581
  • Apr 29, 2011 1:53pm Apr 29, 2011 1:53pm
i do somting like crazy

short at 1561
buy at 1566

open pos between 1065$ loss no ^ no down

all pos in loss

Quoting Fmfx
Would you buy at these prices?
  • #5,582
  • Apr 29, 2011 1:55pm Apr 29, 2011 1:55pm
i think its better to close all pos to next week

maybe it these days find new news for gold like china or mr bernanki

Quoting Pratik
What can we expect in the next week from gold....?
New highs or some profit booking...??
  • #5,583
  • Apr 29, 2011 1:56pm Apr 29, 2011 1:56pm
Nice read @ Forexlive.com

http://www.forexlive.com/184056/all/...-what-crisis-2

I agree with Jamie...
  • #5,584
  • Apr 29, 2011 1:58pm Apr 29, 2011 1:58pm
Quoting new attitude
i do somting like crazy

short at 1561
but at 1566

all pos in loss
?
  • #5,585
  • Apr 29, 2011 1:59pm Apr 29, 2011 1:59pm
Quoting Fmfx
?
sorry buy at 1566
  • #5,586
  • Apr 29, 2011 2:02pm Apr 29, 2011 2:02pm
Quoting Fmfx
Would you buy at these prices?
I did, today, twice. Both free rides now and in profit. The trend appears to be my friend... currently watching m1 PA, I guess I will not hold them over the weekend with another bank holiday in the UK coming up.
  • #5,587
  • Apr 29, 2011 2:02pm Apr 29, 2011 2:02pm
Just one question,

HOW are the Gold shorts DOING??

I did mention 1500 to 1600 would likely be cake right?

Same trades
Long Aussie, Cable and Fibre,
Short Swissy.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #5,588
  • Apr 29, 2011 2:05pm Apr 29, 2011 2:05pm
Quoting new attitude
i think its better to close all pos to next week

maybe it these days find new news for gold like china or mr bernanki
Well it is another bank holiday on Monday.
After this big rise what would your hunches be?

Open up or open flat or open down?

If it is flat you can re-enter the market.
If it is down and you are long you have lost.

It is easier to lose money than make it.
  • #5,589
  • Apr 29, 2011 2:07pm Apr 29, 2011 2:07pm
Guys does M and W shapes signal anything on charts ?
MMMYYYKKK
  • #5,590
  • Apr 29, 2011 2:10pm Apr 29, 2011 2:10pm
Quoting myk
Guys does M and W shapes signal anything on charts ?
show the chart

Are you talking about double top and double bottom?
  • #5,591
  • Apr 29, 2011 2:18pm Apr 29, 2011 2:18pm
[quote=six gun;4581947]show the chart

Are you talking about double top and double bottom?[/quot



Its here bro
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 53 KB
MMMYYYKKK
  • #5,592
  • Apr 29, 2011 2:20pm Apr 29, 2011 2:20pm
Wow! such a sudden drop in GOLD... almost $5 in a blink.

Edit. Silver is at least being a company to GOLD in the drop...

After all, this might be the top for a while...
  • #5,593
  • Apr 29, 2011 2:21pm Apr 29, 2011 2:21pm
Silver down 1%, Gold down $11....
Whats happening................
  • #5,594
  • Apr 29, 2011 2:28pm Apr 29, 2011 2:28pm
Quoting XTrade
Just one question,

HOW are the Gold shorts DOING??

I did mention 1500 to 1600 would likely be cake right?

Same trades
Long Aussie, Cable and Fibre,
Short Swissy.
Doing Fine... Thanks for asking.

Closed the previous shorts for nice profits. Now Short at $1569 SL @ BE, TP $1500...



But i agree with you... Shorting gold and making profit with it is not for everyone. It take some extra something besides the usual "The trend is your friend" and "Gold is always bullish" blah blah the everybody knows...

After all it is nice to see my longs are getting fatter everyday while I ride it down every time there is a drop too
  • #5,595
  • Apr 29, 2011 2:31pm Apr 29, 2011 2:31pm
You cant really or just can't mostly trust/use a 5 minute chart to call a double bottom.

The lower the TF the lower the impact and strength of support or resistance, likewise the lower the TF the less impact on chart patterns.

At least from my experience of testing and study.

[quote=myk;4581957]
Quoting six gun
show the chart

Are you talking about double top and double bottom?[/quot



Its here bro
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #5,596
  • Apr 29, 2011 2:36pm Apr 29, 2011 2:36pm
Please, give me a break,

what short is this??? I am looking at a FOUR hour chart with one small dip. On the 25th.

So unless you traded multiple standard lots and there is no way you got in at the top and out at the bottom so, we'll cut your potential short to 15 USD you made no money shorting.

People that bought 1496 and even 1500 are sitting on the profit.

Sorry dude. Let's see the chart, with entry and exit.

Anyone shorting Gold today got their A$$ handed to them multiple times.

And no I don't consider a five dollar move a "trade" it's a scalp.



Quoting Fmfx
Doing Fine... Thanks for asking.

Closed the previous shorts for nice profits. Now Short at $1569 SL @ BE, TP $1500...



But i agree with you... Shorting gold and making profit with it is not for everyone. It take some extra something besides the usual "The trend is your friend" and "Gold is always bullish" blah blah the everybody knows...

After all it is nice to see my longs are getting fatter everyday while I ride it down every time there is a drop too
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #5,597
  • Apr 29, 2011 2:39pm Apr 29, 2011 2:39pm
The trend is your friend has nothing to do with Gold.
It's a saying in the markets.

Gold is not always bullish - we can have bearish cycles. yet there are just part of the underlying bull run and correction.

Let's see an explanation of these previous shorts please.
Otherwise I call BS.
sorry again.

Quoting Fmfx
Doing Fine... Thanks for asking.

Closed the previous shorts for nice profits. Now Short at $1569 SL @ BE, TP $1500...



But i agree with you... Shorting gold and making profit with it is not for everyone. It take some extra something besides the usual "The trend is your friend" and "Gold is always bullish" blah blah the everybody knows...

After all it is nice to see my longs are getting fatter everyday while I ride it down every time there is a drop too
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #5,598
  • Apr 29, 2011 2:41pm Apr 29, 2011 2:41pm
It's called FRIDAY and profit taking.

RELAX

The price only moved up 66 USD in 2 days.

You really need to stop looking at these 5 minute charts.

Nothing is happening. It's the end of the day on freaky Friday.

Quoting Pratik
Silver down 1%, Gold down $11....
Whats happening................
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #5,599
  • Apr 29, 2011 2:47pm Apr 29, 2011 2:47pm
[quote=myk;4581957]
Quoting six gun
show the chart

Are you talking about double top and double bottom?[/quot



Its here bro

I cannot see the whole of the chart.
What is happening to the left on the chart?

PLUS it is a 5 minute chart which is really not a lot of use.

http://stockcharts.com/help/doku.php...e_top_reversal
  • #5,600
  • Apr 29, 2011 3:45pm Apr 29, 2011 3:45pm
hello all
sorry for the bit intrusion....
i was looking monthly chart.
and i ask my self
"how much can this thing go up?"

ok market can be unlimited, but sincerely looks bit too much.
who will have balls one day to think on a trend reversal?
crazy thing for crazy people.
Attached Image (click to enlarge)
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