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

  • #4,381
  • Apr 8, 2011 3:01am Apr 8, 2011 3:01am
Quoting 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.
Is it something in the water?

I can be an abrasive tw*t sometimes but we have people putting each other on ignore lists and then arguments about something on a video (which by the way I listened to the beginning 3 times just to make sure I quoted it exactly).

The charts have been on fire (quote XTrade, the man) and we are likely in line for some good money making chances next week.
  • #4,382
  • Apr 8, 2011 3:05am Apr 8, 2011 3:05am
Quoting LasVahGoose
He never said 'this time its different', nor did he imply it. Not sure where you got that from.
his openning statment "its going to make it completly different than the 70s bull market" 0:13

last year 40 was a dream now its her
now poeple are talking about 50 and 100 lets see if we get there in 2012 this is impressive
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #4,383
  • Apr 8, 2011 3:07am Apr 8, 2011 3:07am
Are those block heads in Washington going to get their act together soon?

This will seriously upset the markets if Uncle Sam closes up over a cat fight.
  • #4,384
  • Apr 8, 2011 3:12am Apr 8, 2011 3:12am
Just popped up on my feed.

(IGM)[COMMODITIES] remaining well in the black with [GOLD] making yet another marginal Usd 1467.36 high on spot...
[COMMODITIES] remaining well in the black with [GOLD] making yet another marginal Usd 1467.36 high on spot whilst its [SILVER] equivalent has broken through to a Usd 40.13 high following a jump in ETF holdings of the grey metal to an all time high. SPDR EFT bullion holdings also reversed its mid-week plunge, jumping to the highest level since mid-Mar. There is market talk of very active dollar hedging/fund bids on any dips, as well as physicals covering shorts....
  • #4,385
  • Apr 8, 2011 3:15am Apr 8, 2011 3:15am
If we are heading upwards in this rhythm we will certainly touch the 1500 before july. I am starting to build up my account and closed my first big positions, i also have a TP for 2 positions @1480 but now i am waiting for a dip, a minimum 35-40$ dip to add more longs.
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  • #4,386
  • Apr 8, 2011 3:24am Apr 8, 2011 3:24am
this is my thoughts on whats happening asian countries and some south american (export oriented economies) are selling their local currancies to stop their appriation agianst the dollar and channeling their dollars holdings into other assets most likely commodities

when this bubble bursts even shorts would not benafit
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #4,387
  • Apr 8, 2011 3:30am Apr 8, 2011 3:30am
loving the moves - but am trailing stops closely in anticipation of a sell off and chance to reload...

circled areas are last five buys

http://www.screencast.com/t/os5p3eoQlA0s

beeb

(the lines work .....)
  • #4,388
  • Apr 8, 2011 3:35am Apr 8, 2011 3:35am
Quoting beeb
loving the moves - but am trailing stops closely in anticipation of a sell off and chance to reload...

circled areas are last five buys

http://www.screencast.com/t/os5p3eoQlA0s

beeb

(the lines work .....)
My hat off to you beeb.
I will certainly need to look at this folk and start grinding it if these are the results. (reported quote of Las Vegas showgirl)
  • #4,389
  • Apr 8, 2011 3:37am Apr 8, 2011 3:37am
Quoting beeb
loving the moves - but am trailing stops closely in anticipation of a sell off and chance to reload...

circled areas are last five buys

http://www.screencast.com/t/os5p3eoQlA0s

beeb

(the lines work .....)
can we plzz have a silver chart beeb
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #4,390
  • Apr 8, 2011 3:42am Apr 8, 2011 3:42am
Quoting six gun
My hat off to you beeb.
I will certainly need to look at this folk and start grinding it if these are the results. (reported quote of Las Vegas showgirl)



stick with the showgirls....lol

beeb
  • #4,391
  • Apr 8, 2011 3:45am Apr 8, 2011 3:45am
Quoting blue_z_zz
can we plzz have a silver chart beeb

I'm afraid that I'm trading off somebody else's silver chart and don't have his permission to post it.....

sorry

beeb
  • #4,392
  • Apr 8, 2011 3:49am Apr 8, 2011 3:49am
Quoting beeb
I'm afraid that I'm trading off somebody else's silver chart and don't have his permission to post it.....

sorry

beeb

ohh ok thanks anyways i just thought you draw your own analysis and charts goodluck
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #4,393
  • Apr 8, 2011 4:13am Apr 8, 2011 4:13am
Quoting blue_z_zz
ohh ok thanks anyways i just thought you draw your own analysis and charts goodluck

I do as a rule - everything I've posted here is something i've drawn. But a friend happened to draw a chart that works v well for silver. I am using it but can't show it without permission. Hope you understand.....

beeb
  • #4,394
  • Apr 8, 2011 4:16am Apr 8, 2011 4:16am
finally 1470 reached.. amazing.
The Black Swan: The Impact of the Highly Improbable
  • #4,395
  • Apr 8, 2011 4:22am Apr 8, 2011 4:22am
Quoting beeb
I do as a rule - everything I've posted here is something i've drawn. But a friend happened to draw a chart that works v well for silver. I am using it but can't show it without permission. Hope you understand.....

beeb
Could you get permission to enable you to post the chart?

I am digging around for stuff on the folk and trying it out on my chart.
I can see basically how it works. It runs on principles I am aware of, just a neat way of putting the lines on your chart.
  • #4,396
  • Edited 6:41am Apr 8, 2011 4:25am | Edited 6:41am
Quoting six gun
Could you get permission to enable you to post the chart?
b
  • #4,397
  • Apr 8, 2011 4:26am Apr 8, 2011 4:26am
Quoting six gun

I am digging around for stuff on the folk and trying it out on my chart.
I can see basically how it works. It runs on principles I am aware of, just a neat way of putting the lines on your chart.

I also use support and resistance lines along the lines of the forks rather than horizontal ones. Big improvement IMO - as we all know what happens to breakout traders

beeb
  • #4,398
  • Apr 8, 2011 4:54am Apr 8, 2011 4:54am
Quoting beeb
I also use support and resistance lines along the lines of the forks rather than horizontal ones. Big improvement IMO - as we all know what happens to breakout traders

beeb
I use both but mainly concentrate on the side-to-side support/resistance zones. What are called price pivot zones at James16.

These work well when the market is covering territory it has already covered.
When price meets a ppz or fib or BRN you look to see how it reacts. You look at the type of bar forming. But you also look at it behaviour. Price break through the resistance level and then retraces to the level and then moves on up confirming it is now support.

We also use wedges for consolidation and look for say an outside bar (engulfing candle) or a pin bar when price hit the boundaries.

So it is not simply touch type trading, the candle morphology makes it belt and braces so you can up your chances of success.

I can see combining the folk and my candle stick analysis could be very useful.
I am going to study this area and back test it out.
  • #4,399
  • Apr 8, 2011 5:12am Apr 8, 2011 5:12am
Quoting six gun
I use both but mainly concentrate on the side-to-side support/resistance zones. What are called price pivot zones at James16.

These work well when the market is covering territory it has already covered.
When price meets a ppz or fib or BRN you look to see how it reacts. You look at the type of bar forming. But you also look at it behaviour. Price break through the resistance level and then retraces to the level and then moves on up confirming it is now support.

We also use wedges for consolidation and look for say an outside bar (engulfing candle)...
OK - pm me if you need more info....



beeb
  • #4,400
  • Apr 8, 2011 5:46am Apr 8, 2011 5:46am
and here we go for another history high at 1472.. incredible.
The Black Swan: The Impact of the Highly Improbable
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