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

  • #4,601
  • Apr 12, 2011 3:29pm Apr 12, 2011 3:29pm
Quoting six gun
Can you prove a chart as you envisage it?
I can produce one, don't know if that proves anything though...
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  • #4,602
  • Apr 12, 2011 3:53pm Apr 12, 2011 3:53pm
Looking for a entry on 4hr chart as it Gold rejects lower prices.

RSI (8) is showing a nice divergence on 4hr chart and PA is forming a rejection of lower prices. Daily PA is respecting the 21 period moving average and if it closes above i will enter. It seems to me like a good place to look for a buy.

Will look to add in again if stronger PA develops. But currently it seems like a high probability price will retest highs.

I will trail stop accordingly.

  • #4,603
  • Apr 12, 2011 4:06pm Apr 12, 2011 4:06pm
X Trade, hope you're well.

just hoping you could start banning people who keeping gobbing off with utter verbal shite. Don't wan't this thread spoiling by bitchy tw*ts or Bull shitters.

Can't be bothered to read back through the posts i've missed coz there is so much crap being spouted. As beeb has pointed out, alot of newbies are using this thread to get a decent angle, that is being spoiled somewhat.

Dolph
  • #4,604
  • Apr 12, 2011 5:18pm Apr 12, 2011 5:18pm
Thanks for the messages of support that I've had


Good from a bullish perspective to see gold closing above the March high of 1448 (as mentioned in message #4704) after poking through it earlier. If it can maintain that level - or at least close above it for a further day or two then it will show that the old resistance is becoming support. However that may not be plain sailing....

beeb
  • #4,605
  • Apr 12, 2011 5:19pm Apr 12, 2011 5:19pm
Just to let the main posters here know that this thread is appreciated and keep up the good posts!

I have a few trading years behind me but still relatively new to the metals markets and make use of the 'heads-up' and knowledge shared here.

note: I am long gold at 1451.50 seeing this 1445 -1450 area as support and believe the 1500 is too attractive to keep waiting
  • #4,606
  • Apr 12, 2011 5:49pm Apr 12, 2011 5:49pm
Quoting CoolPips
............and believe the 1500 is too attractive to keep waiting
Just keep in mind whole numbers or BRN big round numbers are ok for potential targets, just don't count on them being reached everytime or more importantly on your timeframe.
  • #4,607
  • Apr 12, 2011 6:09pm Apr 12, 2011 6:09pm
Dolph, Since you started posting I have enjoyed your questions, which I do (forgive me still owe you an answer) on one and your post.

What bothers me is that after REPEATED attempts of trying to teach people how to trade and follow the trend, buying dips, and riding the flow for BIG profit trades, newbie traders come in here and say that gold should go down
and "this is it" the last time I heard "this is it we are going to 800 was I think around 1250? maybe 1350? nevertheless.

Please continue to post.

Quoting Dolph
X Trade, hope you're well.

just hoping you could start banning people who keeping gobbing off with utter verbal shite. Don't wan't this thread spoiling by bitchy tw*ts or Bull shitters.

Can't be bothered to read back through the posts i've missed coz there is so much crap being spouted. As beeb has pointed out, alot of newbies are using this thread to get a decent angle, that is being spoiled somewhat.

Dolph
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #4,608
  • Apr 12, 2011 7:41pm Apr 12, 2011 7:41pm
I added a small long after correction. Taking a little bit of a risk and lightened my load at the bottom around the peak.

Reason 1450 support - and the respect of the trendline.

Also the ability to close out positions in any order I please.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #4,609
  • Apr 12, 2011 9:39pm Apr 12, 2011 9:39pm
Everyone that trades KNOWs we just made all time highs in GOLD - What is your POINT?

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)
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #4,610
  • Apr 12, 2011 9:46pm Apr 12, 2011 9:46pm
There is pretty good thread for people that want to talk smack about Gold / Silver.

Top reasons why Gold is tanking/tanked?
http://www.forexfactory.com/showthread.php?t=277742


All the naysayers can go over there and fuel the fire and pat each other on the back. haha! It's one thing to look at a chart and say you feel price is going to move down, but the constant 'gold is lame' blah blah blah gets old.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #4,611
  • Apr 12, 2011 10:02pm Apr 12, 2011 10:02pm
"rofl: I love when we correct after a $300 USD run like 60 bucks and every one who doesn't know their ass from their elbow is saying gold TANKED.]]

A couple days old but here's the weekly channel - considering we are no where near the bottom, well, I'd say Gold hasn't tanked.

We will see 2250 before 1000 and I agree with your post in the thread.

Quoting LasVahGoose
There is pretty good thread for people that want to talk smack about Gold / Silver.

Top reasons why Gold is tanking/tanked?
http://www.forexfactory.com/showthread.php?t=277742


All the naysayers can go over there and fuel the fire and pat each other on the back. haha! It's one thing to look at a chart and say you feel price is going to move down, but the constant 'gold is lame' blah blah blah gets old.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #4,612
  • Apr 12, 2011 10:16pm Apr 12, 2011 10:16pm
Funny my post a few days ago before the correction began never got approved on this thread. Oh, well... Glad I gave a heads up on Forexlive.

Let's see what happens tomorrow...
  • #4,613
  • Apr 12, 2011 10:21pm Apr 12, 2011 10:21pm
Hi,

I'm a newbie and I do enjoy reading this tread, there are many knowledgeable traders here and I thank you for your posts, charts and TA.

Some people only seem to pop up their ugly heads and shoot their mouth off when there is high volatility in the market to try and get in an "I told you so" moment with out any reason or TA.

tOz
  • #4,614
  • Apr 12, 2011 10:48pm Apr 12, 2011 10:48pm
Thanks for your post and welcome.

Your insight below is not the first I have seen or heard of this.

---------------------------------------------------------------

See next post.


Quoting tOz
Hi,

I'm a newbie and I do enjoy reading this tread, there are many knowledgeable traders here and I thank you for your posts, charts and TA.

Some people only seem to pop up their ugly heads and shoot their mouth off when there is high volatility in the market to try and get in an "I told you so" moment with out any reason or TA.

tOz
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #4,615
  • Apr 12, 2011 10:58pm Apr 12, 2011 10:58pm
Actually, this thread is now a year old. In the beginning it was just me posting here, trying to keep track of some of my thoughts and positions, help some of the newbies learn a bit about GOLD and SILVER trading, and discuss the markets with more experienced members that trade metals.

This went on for months, finally some people began to post and the same sorts that thought they knew it all by shorting potential "tops" are gone or banned for spamming the thread with outrageous ideas, such as

"my friend who is a scientist has made a way to make gold purely out of mercury," Ok I ask where is this person know and his :friend????

Next the wild punting began, gold made a high so it HAS TO COME DOWN.
NO. it doesn't markets correct and trend.

Even a fool looking at a gold chart could answer the trend is up.

Those who think they can "outsmart the market" with clever means of shorting tops and picking bottoms will have a short life in trading. This is not a sprint it's a F#cking multi year marathon my friends.

AND if you want old saying, try this one,
"THOSE WHO PICK BOTTOMS COME UP WITH SMELLY FINGERS"

NO ONE gets in and out all the time at the top and the extreme bottom.
NO ONE wins all the time.
NO ONE has a holy grail. People have means that work for them and some of you newcomers would be wise to LISTEN to the people who may have a "tad" more experience than the next.

==========================

I am tired again of the wild punting, comments being spewed out of left field with NO CHART or NO FUNDAMENTAL reason, simply telling us that Gold made a high and it will go down. Well NO S#iT.

The euro rises and falls almost 150 pips every day, yet it just broke major WEEKLY RESISTANCE.

There will be rules re-instilled in this thread once again and those who choose not to abide will have a warning then a vacation. You can call me an a$$hole all you want,
Yet I have been here for a year + posting charts, news, reactions, setups,
long term trades, short term trades, entries, exits, losers and winners.

It is time to trim the fat for the greater good.

The rules will be found on the FIRST POST of this thread. Read them.

--------------------------------------------------------------

To the newbies. You are all welcome, make some posts and ask some questions. We ARE ALL HERE TO HELP EACHOTHER, and I do this for FUN.
Not b/c it pays me.

On behalf of myself and all those that have written me about the recent HOGWASH going on here I am making this post.
Thank you for listening.
Now back to the markets.

Did you read your news today?

Sincerely,
XTRADE
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #4,616
  • Edited 11:45pm Apr 12, 2011 11:31pm | Edited 11:45pm
Quoting lilpip
secondary trend ( quarterly ) has achieved quarterly highs @ 41.46.
lesser trend (weekly) has achieved its high 41.84.
and as beeb mentioned look at smaller time frames to figure out direction of the higher time frame. So I will.
yesterday as expected we rotated back from the highs including the daily at 41.35, which confirmed the days trend south towards pivot.
gold turned also and hit pivot or daily trend guide 1459.
daily gold
1478-79
1456 with eye on 66
1433
gold weekly
1484
1452
1432
should be interesting how 1452 area responds this week.
dailysilver
42
40
38
weekly
41.78
38.97
36.16...
wed gold
1466 noted as she continued the move down .
looking for direction now from the weekly trend guide 1452 with eye on how 1457 responds.

wed daily slvr
41.83
40.33
38.83-97
  • #4,617
  • Edited 1:24am Apr 13, 2011 12:34am | Edited 1:24am
Quoting XTrade
Actually, this thread is now a year old. In the beginning it was just me posting here, trying to keep track of some of my thoughts and positions, help some of the newbies learn a bit about GOLD and SILVER trading, and discuss the markets with more experienced members that trade metals.

This went on for months, finally some people began to post and the same sorts that thought they knew it all by shorting potential "tops" are gone or banned for spamming the thread with outrageous ideas, such as

"my friend who is a scientist has made a way to...
Excuse me God, but it sounds like anyone who has a differing opinion is an asshole. I have backed up my silver claims with interesting research on silver tops that I have posted for an alternative view. I also post charts of pullbacks on highs.

I think you are getting a bit high and mighty and ahead of yourself. If someone states a reason why and gives some evidence you cannot call them noobs who know nothing. Guru posts like that guy yesterday predicting silver at a certain level because he is clairvoyant are funny and deserve to be mocked but I think we are all big enough and ugly enough to put things back in balance.

That said, I like this thread and am glad you started it, even though I goad you about buying physical just for laughs and in general I enjoy your posts ( apart from the last one).
  • #4,618
  • Apr 13, 2011 1:50am Apr 13, 2011 1:50am
This might be intreresting - it's a chart of Daily Gold RSI and shows both lower highs and higher lows - I've drawn in the trendlines that I see and leave you to work out if it's significant and what the significance is.....

beeb
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  • #4,619
  • Apr 13, 2011 2:13am Apr 13, 2011 2:13am
wow emotions are running real high around here goodluck
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #4,620
  • Apr 13, 2011 2:17am Apr 13, 2011 2:17am
1459 seems to be acting as resistance but gold unable to break 1457 as well. are we looking at a break out where if breaks 57 can go test todays low or if breaks 59 can test yesterdays high.
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