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

  • #4,361
  • Apr 7, 2011 9:40pm Apr 7, 2011 9:40pm
Howdy,
Day full of range as Gold and Silver pare gains.

Gold at at the top of range, let break it!

1500
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #4,362
  • Apr 7, 2011 10:08pm Apr 7, 2011 10:08pm
new historic high for GOLD... 1465. incredible. massive. awesome.
The Black Swan: The Impact of the Highly Improbable
  • #4,363
  • Apr 7, 2011 10:14pm Apr 7, 2011 10:14pm
Markets Are ON FIRE! For Asia Aussie session!

Crash and BURN Swissy!!! 8500 here we COME!!!!!

AUD - Rising - Crushing USD
CAD/USD- PUNISHING USD
EUR - Breakout after rate hike sold down to major bids.
GBP - Popping Resistance

WTI (Lite crude 110 and rising)
Brent CRude- closed ATM @ 122 a barrel USD

Gold Looking to make new high after re breaking test of prior range break.
Silver - 40 shall we say 41 tentatively next:?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #4,364
  • Apr 7, 2011 10:30pm Apr 7, 2011 10:30pm


Wait till we hit those short stop losses...... MMM..

Buy physical now on dips before we reach 2k!

Maple Leaves may carry a stiffer premium! I suggest PAMP or CS Bars more Bang for the BUCK! Nothing personal MP! They are a nice coin..

Brittanias even stiffer premium...



Quoting MapleLeaf
new historic high for GOLD... 1465. incredible. massive. awesome.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #4,365
  • Apr 7, 2011 11:09pm Apr 7, 2011 11:09pm
Every now and then we get these great Aussie/Asian sessions after news or just sometimes on techs.

No new positions tomorrow for me. Seems we have tracked back on nicely to the flow...

I am most happy about Gold's new structure. We are laying the groundwork for
1475 and 1500 next 1750 and 2000.

Silver may hit a tad bit of rez at 41 then I am looking to buy dip and ride to 45
medium term target is $50 right now.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #4,366
  • Apr 7, 2011 11:26pm Apr 7, 2011 11:26pm
just figured I'd do some painting...

Pairs are still going. London will be interesting. Probably headfake central, or they will sell off everything then buy back at a lower price knocking out all the highs..

Friday is here.... Things can get Freaky...

Be careful.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold range break 4_7_11 1461DONE.GIF Size: 38 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #4,367
  • Apr 8, 2011 12:17am Apr 8, 2011 12:17am
Riko-

As I promised Dolph - I am late in my posting - This weekend I am going to make one post on how, what I use (and maybe even why I trade Gold and Silver)

I can promise you 3 things,

1. My method is years old and it is NOT brain surgery. (not to mention I have just tweaked things a bit for the better $$$ wise / less screen watching)

2. If you are looking for a "Holy Grail of Trading" there is NONE.

3. Hedge Funds, Central Banks, Retail Banks, Trading Houses, etc, etc,
Can Hire all the math algorithm / black box / computer automated trading GENIUSES they want to, BUT ONE simple Fact will remain, and that is until computers learn how to FEEL, things like emotion (which we are supposed to keep out of our trading) or F E A R one of the biggest market movers of ALL (scary thought) the decisions are still made by People and their thoughts, emotions, feelings, biases, etc. Computers do what we tell them.

Bottom line - YOU have to be the one that is comfortable with your trades, steadfast and full speed ahead, then you will find success.

Keep it up, you are getting better. Share some of your calls if you want.

As SIX said "we are all here to share ideas and learn from one another".



Quoting riko2705
http://thepatternsite.com/diamondb.html

http://thepatternsite.com/diamondt.html


does work or doesnt....
if you find these funny you are funny
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #4,368
  • Edited 2:15am Apr 8, 2011 1:22am | Edited 2:15am
Quoting riko2705
hey beeb
ı find you funny too
trading for 30 years and still grinding on forks...
well it works for me - but I guess a $1200 grind wouldn't interest you unless it came from a Vegas showgirl lol....

beeb

ps here's a chart of GC240min showing my five most recent buys circled in red - if you have a better system please share it....btw
i haven't put all the coords of the forks in....

http://www.screencast.com/t/os5p3eoQlA0s
  • #4,369
  • Edited 2:31am Apr 8, 2011 2:13am | Edited 2:31am
Quoting blue_z_zz
i really get scared when poeple start saying "this time its defferent"

im just going to sit on the side and watch but i would not be shocked if this devil goes much higher then 40
He never said 'this time its different', nor did he imply it. Not sure where you got that from.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #4,370
  • Apr 8, 2011 2:25am Apr 8, 2011 2:25am
Quoting XTrade
Riko-

As I promised Dolph - I am late in my posting - This weekend I am going to make one post on how, what I use (and maybe even why I trade Gold and Silver)

I can promise you 3 things,

1. My method is years old and it is NOT brain surgery....
thank you for your replies xtrade..
good luck
  • #4,371
  • Apr 8, 2011 2:27am Apr 8, 2011 2:27am
Quoting beeb
well it works for me - but I guess a $1200 grind wouldn't interest you unless it came from a Vegas showgirl lol....

beeb

ps here's a chart of GC240min showing my five most recent buys circled in red - if you have a better system please share it....btw
i haven't put all the coords of the forks in....

http://www.screencast.com/t/os5p3eoQlA0s
to be gentlenman is more important than to trade beeb..
good trades
  • #4,372
  • Apr 8, 2011 2:31am Apr 8, 2011 2:31am
Sorry ?

First you criticise my trading method, then you lecture me on manners?????

Well, may I politely welcome you to my "ignore list"......

beeb
  • #4,373
  • Apr 8, 2011 2:35am Apr 8, 2011 2:35am
Quoting LasVahGoose
He never said 'this time its different', nor did he imply it. Not sure where you got that from.
".....and its going to make this completely different from the bull market of the 70's...."

He says this very near the beginning of the video.
  • #4,374
  • Apr 8, 2011 2:35am Apr 8, 2011 2:35am
[quote=beeb;4530816]Sorry ?

First you criticise my trading method, then you lecture me on manners?????

Well, may I politely welcome you to my "ignore list"......

b

doesnt matter, go hell
  • #4,375
  • Apr 8, 2011 2:40am Apr 8, 2011 2:40am
Quoting XTrade
Silver may hit a tad bit of rez at 41 then I am looking to buy dip and ride to 45
medium term target is $50 right now.
Ditto Sir, ditto...
I'd like to see a lot of rez.
i slept through more of the fireworks last night but agreed all of a sudden the charts took off.

Uncle Sam took a beating. Don't they think Washington will agreed a budget or is it the fiat penny is starting to drop?
  • #4,376
  • Apr 8, 2011 2:41am Apr 8, 2011 2:41am
Quoting six gun
".....and its going to make this completely different from the bull market of the 70's...."

He says this very near the beginning of the video.
OMG dude... He isn't saying that it is a paradigm shift 'this time its different'. He clearly says that he doesn't know how long this bull market will last (i.e. that it will eventually end), but while it lasts it will be the greatest in history (his opinion). He is also stating why the dynamics of this bull market will different from the previous one's, but is not saying it is a permanent change of how bull and bear cycles work, which is what 'this time its different' imply's.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #4,377
  • Apr 8, 2011 2:47am Apr 8, 2011 2:47am
Quoting LasVahGoose
OMG dude... He isn't saying that it is a paradigm shift 'this time its different'. He clearly says that he doesn't know how long this bull market will last (i.e. that it will eventually end), but while it lasts it will be the greatest in history (his opinion). He is also stating why the dynamics of this bull market will different from the previous one's, but is not saying it is a permanent change of how bull and bear cycles work, which is what 'this time its different' imply's.
Not commenting of the meaning of what he was saying, just that he said it.
Interesting video LasVahGoose.
  • #4,378
  • Apr 8, 2011 2:47am Apr 8, 2011 2:47am
Quoting XTrade
Silver may hit a tad bit of rez at 41 then I am looking to buy dip and ride to 45
medium term target is $50 right now.
What kind of dip do you expect? 40? 38? Lower?
"The reason I was born and came into the world is to testify to the truth."
  • #4,379
  • Apr 8, 2011 2:49am Apr 8, 2011 2:49am
GOLD moving directly to 1470. XAUUSD wants to close the week above 1470.
The Black Swan: The Impact of the Highly Improbable
  • #4,380
  • Apr 8, 2011 2:50am Apr 8, 2011 2:50am
Quoting six gun
Not commenting of the meaning of what he was saying, just that he said it.
Interesting video LasVahGoose.
He never said it, but I can't stop you people from hearing what you want to hear. The context is obviously lost on some folks.
Don't wish it were easier, wish you were better. ~ Jim Rohn
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