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

  • #4,581
  • Apr 12, 2011 12:32pm Apr 12, 2011 12:32pm
Quoting harvest3r
@highlander and sixgun,

thanks for the insights. Yes, to use the pin bar along the trend is much safer than a counter-trade.

Sixgun: talking about counter-trade not being good, that's something I just read in another thread today. Guess which? The James16 one . It's interesting to see how the dots connect. That thread is really famous, I saw it already in the past. And someone on that thread was speaking specifically about the daily pin bars, like Highlander. It seems to be a good strategy. I will give it a try with some spare...
A lot of the pinbar stuff is counter trend. The pin bar represents a change in sentiment in the market. The thing that was not ideal about the pb was that the body did not close behind the big round number.

James16 is the place to learn pinbars.
  • #4,582
  • Apr 12, 2011 12:34pm Apr 12, 2011 12:34pm
Quoting beeb
Looking to see a close over 1448 today (the late March high). Did anyone note how an abcd got the exact low to within a few cents?

Am long with stops above b/e

beeb
Will you put up a chart please beeb of this ABC
  • #4,583
  • Apr 12, 2011 12:39pm Apr 12, 2011 12:39pm
Quoting six gun
Will you put up a chart please beeb of this ABC

http://www.screencast.com/t/YsPFfah8

Very simple - the height A to B = C to D

beeb
  • #4,584
  • Apr 12, 2011 12:45pm Apr 12, 2011 12:45pm
Quoting beeb
http://www.screencast.com/t/YsPFfah8

Very simple - the height A to B = C to D

beeb
Ah, so it's a 100% fib expansion basically.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #4,585
  • Apr 12, 2011 12:48pm Apr 12, 2011 12:48pm
Quoting LasVahGoose
Ah, so it's a 100% fib expansion basically.
if you want to make it that complicated..... lol. it's more like 1=1 ,2=2, 3=3 etc

beeb
  • #4,586
  • Apr 12, 2011 12:48pm Apr 12, 2011 12:48pm
Never understood why it is referred to as AB = CD and not the other way since AB is already known and comes first.

Kind of like Risk/Reward when most are talking about Reward/Risk such as 3/1 and not 1/3.
  • #4,587
  • Apr 12, 2011 12:58pm Apr 12, 2011 12:58pm
"The old adage is that markets are most volatile at tops and bottoms…We ain’t near a bottom "

nice quote
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #4,588
  • Apr 12, 2011 1:03pm Apr 12, 2011 1:03pm
Quoting blue_z_zz
"The old adage is that markets are most volatile at tops and bottoms…We ain’t near a bottom "

nice quote

Another old adage "If you haven't got something sensible to say, don't bother..."

Since October 2008 Gold has gone up from $680 to nearly $1480. You are carping after it's retraced $30.....do me a favour.
Can we have some TA or is this just going to be unbacked assertion?
(it's gone up therefore it'll go down isn't technical analysis btw....)



beeb
  • #4,589
  • Apr 12, 2011 1:17pm Apr 12, 2011 1:17pm
Quoting beeb
Another old adage "If you haven't got something sensible to say, don't bother..."

Since October 2008 Gold has gone up from $680 to nearly $1480. You are carping after it's retraced $30.....do me a favour.
Can we have some TA or is this just going to be unbacked assertion?
(it's gone up therefore it'll go down isn't technical analysis btw....)



beeb

just love it keep the spirit high and the emotions higher

one question mr hotshot will we see 1400 or 1500 first
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #4,590
  • Apr 12, 2011 1:21pm Apr 12, 2011 1:21pm
Quoting blue_z_zz
just love it keep the spirit high and the emotions higher

i'm extremely happy chum - i'm looking at a chance to reload for the continuation of the bull market.

you're calling a top on gold

beeb

PS if you have some reasons and if you can say if this is a temporary top or an all time high that we won't see again i'd be interested to know.....
  • #4,591
  • Apr 12, 2011 1:26pm Apr 12, 2011 1:26pm
Quoting beeb
i'm extremely happy chum - i'm looking at a chance to reload for the continuation of the bull market.

you're calling a top on gold

beeb

PS if you have some reasons and if you can say if this is a temporary top or an all time high that we won't see again i'd be interested to know.....

i dont predict but as i know for a fact were at an all time high only

and i just love it when a wannabe trader claims he is a trader and you just see his posts and find out he is an emotional follower (herd)
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #4,592
  • Apr 12, 2011 1:26pm Apr 12, 2011 1:26pm
Quoting beeb
i'm extremely happy chum - i'm looking at a chance to reload for the continuation of the bull market.

you're calling a top on gold

beeb

PS if you have some reasons and if you can say if this is a temporary top or an all time high that we won't see again i'd be interested to know.....
Great point.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #4,593
  • Apr 12, 2011 1:27pm Apr 12, 2011 1:27pm
I'm thinking that we are only in wave 3 of 5 from the low in late January.
  • #4,594
  • Apr 12, 2011 1:30pm Apr 12, 2011 1:30pm
So today was the third of the price of GOLD going down?
  • #4,595
  • Apr 12, 2011 1:33pm Apr 12, 2011 1:33pm
Quoting blue_z_zz
i dont predict but as i know for a fact were at an all time high only

and i just love it when a wannabe trader claims he is a trader and you just see his posts and find out he is an emotional follower (herd)

OK - my last post to you 'cos I can't be bothered.

I have traded for over thirty years - half of that time in the City, half of that time for myself. I don't need to justify myself to you or to anyone else.

I'm here because I saw a load of advice being given that I felt was misguided and I wanted to try and help.....I will continue to offer advice where I can . When I see someone make an assertion I like to see it backed up by fact or analysis - there are plenty of newbies here who can lose money by taking note of unbacked assertions.

You made an assertion that you haven't backed up and I challenged you on it - that's all.

As to whether I think gold will hit 1400 or 1500 first - I don't care. I will trade either way and win more than I lose.

beeb
  • #4,596
  • Apr 12, 2011 1:34pm Apr 12, 2011 1:34pm
i just took permision to post the chart
Attached Image (click to enlarge)
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Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #4,597
  • Apr 12, 2011 1:52pm Apr 12, 2011 1:52pm
Quoting beeb
.

I have traded for over thirty years - half of that time in the City, half of that time for myself. I don't need to justify myself to you or to anyone else.


beeb
wow more then 30 yrs impressive so youve been there durning the hunt brothers
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #4,598
  • Apr 12, 2011 1:56pm Apr 12, 2011 1:56pm
Quoting beeb
OK - my last post to you 'cos I can't be bothered.

I have traded for over thirty years - half of that time in the City, half of that time for myself. I don't need to justify myself to you or to anyone else.

I'm here because I saw a load of advice being given that I felt was misguided and I wanted to try and help.....I will continue to offer advice where I can . When I see someone make an assertion I like to see it backed up by fact or analysis - there are plenty of newbies here who can lose money by taking note of unbacked assertions.

You...
I only bother with two threads on here.
J16 and this.
When Xtrade set the thread up there were some idiots who got banned. Lots of people saying this that and the other but with no substance to what they said.
They were guessing.

The thread has got better. We don't have the same number of silly fights and we get some quality posts which we all benefit from.

If we are lucky to have people on with some real experience and are willing to share this. We should count our blessing.
  • #4,599
  • Apr 12, 2011 2:35pm Apr 12, 2011 2:35pm
h4
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 25 KB
The Black Swan: The Impact of the Highly Improbable
  • #4,600
  • Edited 9:04pm Apr 12, 2011 3:22pm | Edited 9:04pm
Quoting SunTrader
I'm thinking that we are only in wave 3 of 5 from the low in late January.
Can you provide a chart as you envisage it?
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