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

  • #1,801
  • Oct 25, 2010 1:56am Oct 25, 2010 1:56am
People doing great in gold !Nice to see it , good luck , 50% fibs perhaps 1349 to 61.8% 1360 to take care long.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,802
  • Oct 25, 2010 2:00am Oct 25, 2010 2:00am
Quoting fontu
People doing great in gold !Nice to see it , good luch , 50% fibs perhaps 1349 to 61.8% 1360 to take care long.
fontu
Thks frontu hope gold can run to 1360
SANTAI FX EA
  • #1,803
  • Oct 25, 2010 2:18am Oct 25, 2010 2:18am
Quoting wardi
Thks frontu hope gold can run to 1360
welcome , hope so & long my 1500 theory before a good breakout still holding., so any low should have buy in gold for me .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,804
  • Oct 25, 2010 9:22am Oct 25, 2010 9:22am
Gold up nicely today...

Anyone looking at AUD/USD?

we are 30 pips below parity.... I am looking for this top to pop.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,805
  • Oct 25, 2010 9:26am Oct 25, 2010 9:26am
I definitely suggest not trading Gold on an intraday basis if you are a newbie.

You can easily get rinsed on adverse swings which happen all the time in Gold.
you confirm trades, you need to learn about the fundamentals which are the real drivers of the Gold Price.

Suggestion,

Plan your trades to last 3 days, use the 30 min to maybe the lowest
15 min charts for entry. Use daily for target.

Try intraday on a demo save your money

Quoting kandi
I'm a newbie in gold trading. I'm planning to trade gold intraday only, maybe $300-400 a day. I'm using MACD, Stochastic dan RSI. What do you think? Any suggestion will help. Thanks.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,806
  • Oct 25, 2010 9:29am Oct 25, 2010 9:29am
little dip possible for a scalp..

http://www.kitco.com/images/live/nygold.gif
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,807
  • Oct 25, 2010 10:39am Oct 25, 2010 10:39am
so who bought the dip?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,808
  • Oct 25, 2010 10:43am Oct 25, 2010 10:43am
hi, sorry if its been asked before, but which FX broker has the lowest gold spread that supports metatrader? I realize Oanda and also the futures brokers have better spreads. But, since I'm using EA's to manage my trades in MT I'd prefer to stay with that
  • #1,809
  • Oct 25, 2010 10:58am Oct 25, 2010 10:58am
Quoting Blud4oilPrgm
hi, sorry if its been asked before, but which FX broker has the lowest gold spread that supports metatrader? I realize Oanda and also the futures brokers have better spreads. But, since I'm using EA's to manage my trades in MT I'd prefer to stay with that
I thing FXDD Malta
SANTAI FX EA
  • #1,810
  • Oct 25, 2010 11:27am Oct 25, 2010 11:27am
yes you are right, The LOWEST spread to get is by trading futures. Futures require slightly more margin, however the spread is like a tick.

So if you guys want to scalp intraday futures is the way to go.

I am currently demoing a broker's new platform which is ECN for FX (currenex feed) then you can trade Futures from the same account.

I am trying to get better at and more exposed to futures due to the lower spreads, (transaction costs) for Gold and Silver as well as the broader markets that can be traded Like the Dow, S&P, Oil, which I have been demo trading and
corn, lumber and energy markets, Plus you can trade currency futures.

I believe there are capabilities to automate trading similar to an MT4 EA.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,811
  • Oct 25, 2010 12:20pm Oct 25, 2010 12:20pm
which ECN are you demoing?


Quoting XTrade
yes you are right, The LOWEST spread to get is by trading futures. Futures require slightly more margin, however the spread is like a tick.

So if you guys want to scalp intraday futures is the way to go.

I am currently demoing a broker's new platform which is ECN for FX (currenex feed) then you can trade Futures from the same account.

I am trying to get better at and more exposed to futures due to the lower spreads, (transaction costs) for Gold and Silver as well as the broader markets that can be traded Like the Dow, S&P, Oil, which I have...
  • #1,812
  • Oct 25, 2010 12:29pm Oct 25, 2010 12:29pm
gold sucks at the moment, I'm out
Hero calls followed by margin calls...
  • #1,813
  • Oct 25, 2010 1:04pm Oct 25, 2010 1:04pm
Hey I am using Pathfinder trader it is full ECN no deal desk and trades any major e- futures contracts thru another on one platform. (S&P, oil, Gold OJ, cotton

I can PM you some details and I will be starting to record some of my futures trades in the thread via screenshot and text.

I am excited diversifying into the futures market while trading currencies simultaneously.

Have had some greatly profitable Oil mainly light crude trades
Quoting Blud4oilPrgm
which ECN are you demoing?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,814
  • Oct 25, 2010 1:15pm Oct 25, 2010 1:15pm
Cool, sure send me a PM would greatly appreciate it. Thanks.

Quoting XTrade
Hey I am using Pathfinder trader it is full ECN no deal desk and trades any major e- futures contracts thru another on one platform. (S&P, oil, Gold OJ, cotton

I can PM you some details and I will be starting to record some of my futures trades in the thread via screenshot and text.

I am excited diversifying into the futures market while trading currencies simultaneously.

Have had some greatly profitable Oil mainly light crude trades
  • #1,815
  • Oct 25, 2010 2:13pm Oct 25, 2010 2:13pm
No problem, will do, I am just getting my futures demo re-set and will post some screen shots.

Are you in the US?

Quoting Blud4oilPrgm
Cool, sure send me a PM would greatly appreciate it. Thanks.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,816
  • Oct 25, 2010 2:21pm Oct 25, 2010 2:21pm
Quoting XTrade
No problem, will do, I am just getting my futures demo re-set and will post some screen shots.

Are you in the US?
Yes. thanks.
  • #1,817
  • Oct 25, 2010 4:53pm Oct 25, 2010 4:53pm
Gold stand back on THICK RED LINE, which seems to bee strong.
Some retest-like action happend on monday, maybe thats enough
to forget about it for several weeks. A strong resistance drawn with
orchid line.. So if buy, 1370 looks a target for that week, stops under
ThRedLine, if it fall again i'll mark 1264 as a target.

Lets see
Attached Image (click to enlarge)
Click to Enlarge Name: goldup 26-10-10.gif Size: 39 KB
  • #1,818
  • Edited 10:39pm Oct 25, 2010 10:17pm | Edited 10:39pm
Quoting lilpip
if your watching the e/u keep eye on 3895-3907 area,
last week was 3993.

sure wants to climb

e/u, monday will be watching
4045-75
3961-74
3971 noted
tues.
watching 3973-93 for direction
4075-95
3973-93
3905-3880
  • #1,819
  • Edited 10:33pm Oct 25, 2010 10:21pm | Edited 10:33pm
Quoting fawaol
Gold stand back on THICK RED LINE, which seems to bee strong.
Some retest-like action happend on monday, maybe thats enough
to forget about it for several weeks. A strong resistance drawn with
orchid line.. So if buy, 1370 looks a target for that week, stops under
ThRedLine, if it fall again i'll mark 1264 as a target.

Lets see
myself, looking at the weekly this week im not convinced that shes strong till we are working on the north side of 1342 .
the daily Im with ya, per yesterdays post noting 1339.18.
  • #1,820
  • Oct 26, 2010 1:34am Oct 26, 2010 1:34am
So, where is price heading now? Will US Dollar weaken further?
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