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

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

#4,401
Apr 8, 2011 5:53am Apr 8, 2011 5:53am

vioilaunch
| Joined Nov 2009 | Status: Trader | 45 Posts

trading gold/silver is crazy... just go long at any moment, and come back after 2 weeks and cash in...

#4,402
Apr 8, 2011 6:00am Apr 8, 2011 6:00am

beeb
| Commercial User | Joined Oct 2010 | 1,778 Posts

Quoting vioilaunch

Disliked

trading gold/silver is crazy... just go long at any moment, and come back after 2 weeks and cash in...

Ignored

and you remember 2008 well???

beeb

#4,403
Apr 8, 2011 6:11am Apr 8, 2011 6:11am

six gun
| Joined Apr 2010 | Status: Don't mind me, I'm just picky. | 764 Posts

Quoting beeb

Disliked

and you remember 2008 well???

beeb

Ignored

LOL

You go long and come back 2 weeks later to find your account is blown.

#4,404
Apr 8, 2011 6:41am Apr 8, 2011 6:41am

highlander2
| Joined Jul 2010 | Status: . | 893 Posts

Quoting six gun

Disliked

LOL

You go long and come back 2 weeks later to find your account is blown.

Ignored

#4,405
Apr 8, 2011 7:17am Apr 8, 2011 7:17am

vioilaunch
| Joined Nov 2009 | Status: Trader | 45 Posts

Quoting beeb

Disliked

and you remember 2008 well???

beeb

Ignored

c'mon, there's no turning back.. we could go long now at 1470.. next month we'll be in the 1500's, autumn will bring the 1800's, by december we'll pass 2000. Nothing really happens in this bull market... it;s just the same story over and over...up 50 down 30, up another 40, down 20 etc. etc.

#4,406
Apr 8, 2011 7:20am Apr 8, 2011 7:20am

beeb
| Commercial User | Joined Oct 2010 | 1,778 Posts

Quoting vioilaunch

Disliked

c'mon, there's no turning back.. we could go long now at 1470.. next month we'll be in the 1500's, autumn will bring the 1800's, by december we'll pass 2000. Nothing really happens in this bull market... it;s just the same story over and over...up 50 down 30, up another 40, down 20 etc. etc.

Ignored

so buying the dips and selling the peaks isn't the way to do it......thanks for that lol
why are you bothering with a TA site when you could be sitting in the Bahamas?

beeb

ps welcome to my "ignore" list...

#4,407
Apr 8, 2011 7:25am Apr 8, 2011 7:25am

etranger
| Joined Mar 2011 | Status: Trader | 6 Posts

Quoting vioilaunch

Disliked

c'mon, there's no turning back.. we could go long now at 1470.. next month we'll be in the 1500's, autumn will bring the 1800's, by december we'll pass 2000. Nothing really happens in this bull market... it;s just the same story over and over...up 50 down 30, up another 40, down 20 etc. etc.

Ignored

I agree to the point that gold/silver will march its way higher this year but with an incredible rate of increase we must be even careful. Those big drop and burst always comes when we least expected. Just like how those natural disasters happened >.<

#4,408
Edited 7:41am Apr 8, 2011 7:28am | Edited 7:41am

six gun
| Joined Apr 2010 | Status: Don't mind me, I'm just picky. | 764 Posts

Quoting vioilaunch

Disliked

c'mon, there's no turning back.. we could go long now at 1470.. next month we'll be in the 1500's, autumn will bring the 1800's, by december we'll pass 2000. Nothing really happens in this bull market... it;s just the same story over and over...up 50 down 30, up another 40, down 20 etc. etc.

Ignored

Yes $1500 is a very likely target in the minds of traders but it is $30 away yet.
Look at your chart.
If you can't interpret charts you got to learn.

Trading on hope is hopeless.

So you get long and get caught with a 30 down.

ps I have had a look at the professional folkers and this forking busines does work. I put it up on a chart of my own and it is starting to match up.

PA candle analysis and being a forker could work out a very powerful combo.
Much learning and practising to do but no dissing the fork or you will get the knife! LOL.

#4,409
Apr 8, 2011 7:35am Apr 8, 2011 7:35am

harvest3r
| Joined Aug 2010 | Status: Forex sniper | 381 Posts

http://www.forexlive.com/179225/all/oil-period

It makes sense. When you read "AUD/USD", understand gold and silver too.

"The reason I was born and came into the world is to testify to the truth."

#4,410
Apr 8, 2011 7:43am Apr 8, 2011 7:43am

beeb
| Commercial User | Joined Oct 2010 | 1,778 Posts

Thanks to XTrade for permission to publicise this.

For those of you interested in learning about forks there is a free 45 minute introductory webinar at 1pm EDT today - registration link as follows:

https://www1.gotomeeting.com/register/184306513

beeb

Disclosure - I subscribe to the service but I don't have any connection with it.

#4,411
Apr 8, 2011 7:53am Apr 8, 2011 7:53am

XTrade
Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts

Aud/USD took a dip on selloff worries after the second earthquake hit japan yesterday, but the dip opened up a great buy, while the price ended up fully retracing creating a new high around 1.0550

Definitely fueled partially by the rallies in commods, AUD offers a great swap as well making it attractive to hold.

CAD is destroying the USD as well.

Quoting harvest3r

Disliked

http://www.forexlive.com/179225/all/oil-period

It makes sense. When you read "AUD/USD", understand gold and silver too.

Ignored

XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News

#4,412
Apr 8, 2011 8:07am Apr 8, 2011 8:07am

XTrade
Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts

Thanks for sharing beeb, FREE is good!

Quoting beeb

Disliked

Thanks to XTrade for permission to publicise this.

For those of you interested in learning about forks there is a free 45 minute introductory webinar at 1pm EDT today - registration link as follows:

https://www1.gotomeeting.com/register/184306513

beeb

Disclosure - I subscribe to the service but I don't have any connection with it.

Ignored

XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News

#4,413
Apr 8, 2011 10:21am Apr 8, 2011 10:21am

XTrade
Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts

Gold and Euro look on verge of breakouts.

I'm long AUD
Short CHF
Long Gold and Silver

XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News

#4,414
Apr 8, 2011 10:30am Apr 8, 2011 10:30am

beeb
| Commercial User | Joined Oct 2010 | 1,778 Posts

Quoting XTrade

Disliked

Gold and Euro look on verge of breakouts.

I'm long AUD
Short CHF
Long Gold and Silver

Ignored

You should have a good weekend in that case.....

beeb

#4,415
Apr 8, 2011 10:37am Apr 8, 2011 10:37am

XTrade
Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts

Hey beeb give us a reminder post for the start of the lecture if you don't mind.

Quoting beeb

Disliked

You should have a good weekend in that case.....

beeb

Ignored

XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News

#4,416
Apr 8, 2011 10:44am Apr 8, 2011 10:44am

XTrade
Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts

AUD has been a great trade. I flattened yesterday right when I posted about the second earthquake, I shed about 80 pips and now is back up 100.

May let it roll for the weekend as long as the FOMC meeting today doesn't screw the markets too much.

Soon London will close and start drinking! Then the rest of the afternoon "should be" lite. But you "NEVER" know. This is FX! And lighter volume can sway the charts if a big order comes in...

AUD is getting squeezed into a bit of a triangle with the top at 0550 and the line just a light TL from last dip.... Might provide a mini breakout...
Let's wait and see.

Anyway here are some correlation charts for fun.
First is AU and AG second is EUR/USD with USD/CHF