XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 160 | Metals Mine

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

  • #3,181
  • Mar 1, 2011 4:47am Mar 1, 2011 4:47am
it did'nt post link for some reason.


http://www.youtube.com/user/pnewton6.../1/4NCurszleF0
  • #3,182
  • Mar 1, 2011 4:54am Mar 1, 2011 4:54am
I get the feeling this market is getting ready to make a move. The direction is unknown to me im afraid...
  • #3,183
  • Mar 1, 2011 5:04am Mar 1, 2011 5:04am
Yeah, anything could happen. Its trying to go higher but it could reverse at anytime.

IF IN DOUBT, STAY THE FUCK OUT. thats what i say.
  • #3,184
  • Mar 1, 2011 5:14am Mar 1, 2011 5:14am
Quoting highlander2
I get the feeling this market is getting ready to make a move. The direction is unknown to me im afraid...
yoo slv almost at history high
Hero calls followed by margin calls...
  • #3,185
  • Mar 1, 2011 5:20am Mar 1, 2011 5:20am
Quoting Dolph
Yeah, anything could happen. Its trying to go higher but it could reverse at anytime.
Right. It's going up very slowly, the bulls are pressing steadily. Since no pullback happened until now, I expect the pressure to burst soon. Right now we had a small "eruption" to 1419. Let's see.

Bernanke will speak many times this week and NFP is coming. Maybe the market is waiting a little bit until fresh news come. Then the direction should become clear.

I regret I didn't open a small long at 1405, yesterday...
"The reason I was born and came into the world is to testify to the truth."
  • #3,186
  • Mar 1, 2011 5:22am Mar 1, 2011 5:22am
Quoting harvest3r
Right. It's going up very slowly, the bulls are pressing steadily. Since no pullback happened until now, I expect the pressure to burst soon. Right now we had a small "eruption" to 1419. Let's see.

Bernanke will speak many times this week and NFP is coming. Maybe the market is waiting a little bit until fresh news come. Then the direction should become clear.

I regret I didn't open a small long at 1405, yesterday...
silver new histo high at my brokers data
Hero calls followed by margin calls...
  • #3,187
  • Mar 1, 2011 5:34am Mar 1, 2011 5:34am
still needs to take out the Hunt High.....


http://en.wikipedia.org/wiki/Silver_Thursday
  • #3,188
  • Mar 1, 2011 5:48am Mar 1, 2011 5:48am
Attached Image (click to enlarge)
Click to Enlarge Name: aussieweekly.gif Size: 28 KB


take care.
Hero calls followed by margin calls...
  • #3,189
  • Mar 1, 2011 6:42am Mar 1, 2011 6:42am
harvest3r, it will give you decent PA soon enough. You prob made the right descision not to buy under resistance anyway. When old resistance becomes new support on 4hr chart i will start looking for a good setup. Prob where 4hr lower trend line intersects 1410-15 support area.

Fingers crossed it will be parabolic to 1500.
  • #3,190
  • Mar 1, 2011 6:44am Mar 1, 2011 6:44am
Quoting PhAnTi'
Attachment

take care.
Attached Image (click to enlarge)
Click to Enlarge Name: aussieh4.gif Size: 34 KB
Hero calls followed by margin calls...
  • #3,191
  • Mar 1, 2011 7:24am Mar 1, 2011 7:24am
Quoting Dolph
Fingers crossed it will be parabolic to 1500.
I have mixed feelings about that. It will mean pips in Forex... but highly expensive bullion coins in the physical world. The only solution I see is to keep part of them as hedge.
"The reason I was born and came into the world is to testify to the truth."
  • #3,192
  • Edited 7:52am Mar 1, 2011 7:37am | Edited 7:52am
harvest3r - if you don't mind me saying, you're sounding like an investor not a trader...
as a trader you shouldn't mind if gold moves $300 in either direction as you will still make money. as an investor you need it to go up....

beeb
  • #3,193
  • Mar 1, 2011 8:07am Mar 1, 2011 8:07am
Howdy Boys and Girls,

Looks like we're on the verge of a new high!!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #3,194
  • Mar 1, 2011 8:21am Mar 1, 2011 8:21am
Quoting beeb
harvest3r - if you don't mind me saying, you're sounding like an investor not a trader...
as a trader you shouldn't mind if gold moves $300 in either direction as you will still make money. as an investor you need it to go up....

beeb
I don't mind at all. According to your description, it's even worse: I would have a dual personality - trading both ways (that's the reality) and with a conflicting way of investing ("It has to go up!" "No, wait! I still have to buy!" )

But actually... as long as we trade XAU/USD, the higher gold goes, the lower is the profitability. One pip at 1000 is not the same as one pip at 1420 - unless we see USD as the real value instead of XAU. Quite conflicting. We need more pips than before. Wow... the inflation is affecting us even on the trades.
"The reason I was born and came into the world is to testify to the truth."
  • #3,195
  • Mar 1, 2011 8:30am Mar 1, 2011 8:30am
I reckon we are going to see some sort of head and shoulders, now the head is being formed till around 35 in xag
  • #3,196
  • Mar 1, 2011 9:21am Mar 1, 2011 9:21am
harvest - i guess i swing both ways as well in that case lol.....

i've been a long term investor in PM's for fundamental reasons and I buy for core at opportune moments - those are normally defined by technical analysis. however i'm also a trader on different timeframes - mainly Daily for swing trades and 240min and 10min for scalps. I am very unlikely to take a Daily short in PM's whereas the shorter timeframes I can be long or short.
i also invest a portion of monthly profits into PM's - some on a cost average basis and some when the technicals/fundamentals look right for a bigger purchase.
what i guess i'm trying to say is that it's crazy to try and scalp shorter timeframes for fundamental reasons rather than for technical

beeb
  • #3,197
  • Mar 1, 2011 11:05am Mar 1, 2011 11:05am
Are we going to be making history again today? 25 points to go.
  • #3,198
  • Mar 1, 2011 11:28am Mar 1, 2011 11:28am
My cousin asked about silver today. It is definitely going mainstream now. A sign of caution if there ever was one
  • #3,199
  • Mar 1, 2011 12:08pm Mar 1, 2011 12:08pm
Quoting Euroscum
My cousin asked about silver today. It is definitely going mainstream now. A sign of caution if there ever was one
Is he/she interested to buy or to sell? There were lots of advertisement trying to get gold from the people. But if they start to PUSH silver to "normal" people, that would be THE sign of caution!
"The reason I was born and came into the world is to testify to the truth."
  • #3,200
  • Mar 1, 2011 1:23pm Mar 1, 2011 1:23pm
Quoting harvest3r
Is he/she interested to buy or to sell? There were lots of advertisement trying to get gold from the people. But if they start to PUSH silver to "normal" people, that would be THE sign of caution!

Yeah, when the man on the street is talking about buying silver it is time to bail.
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