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

  • #5,941
  • Edited 12:19pm May 5, 2011 12:08pm | Edited 12:19pm
Gonna trail stop rapido mate,

Soon the Big Buyers will be back, until i see evidence to position properly i'm just risking small amounts.

1480 is my long term 50% fib level with PA sat right on my EMA.
  • #5,942
  • May 5, 2011 12:09pm May 5, 2011 12:09pm
Quoting harvest3r
can't you afford a lower SL? there is NFP tomorrow... well, you still can move it to BE
what exactly is NFP and what's the effect to the market? Could you please kindly explain.

Thanks.
  • #5,943
  • Edited 12:42pm May 5, 2011 12:23pm | Edited 12:42pm
http://seekingalpha.com/article/2679...istoric-levels

and no, this is not me:

http://seekingalpha.com/article/2679...-m-still-short
  • #5,944
  • May 5, 2011 12:32pm May 5, 2011 12:32pm
Quoting lilpip
today, picked up ase for $42 today and bullian @$39.
Sounds like you were in a gay bar ( juvenile joke some may find funny)
  • #5,945
  • May 5, 2011 12:34pm May 5, 2011 12:34pm

Today I watched TV and accidentally heard that Soros sold large quantities of silver and gold. Maybe this causes sharp drop in silver. If so then it can be assumed that the reasons for the fall are rather fundamental. But what makes it sell?

How do you think?
  • #5,946
  • May 5, 2011 12:46pm May 5, 2011 12:46pm
Quoting lilpip
what has broken out of its yearly range and doubled the previous years range?
she closes like she wants to continue, will have to watch day to day but looking for correction @ 32.40- 3460 area, if not lets double last years range again this year which will put us at $51.00 area.
$ 34.60 was the breakout on the yearly chart and she sure acts like she wants to rotate back to test that area as she broke through the quarterly breakout, yearlys next, but again not to get ahead of self, its day to day.
  • #5,947
  • May 5, 2011 12:59pm May 5, 2011 12:59pm
Trends... Secular trends, long term trends, medium term trends, short term trends. Here a trend, there a trend, every where a trend trend...

One cannot discuss trends without discussing time frame because they go hand in hand. Statements such as "The trend is now down" is fairly meaningless and it can confuse people. Example: "The trend is now down on the 15 minute" is actually saying something with substance.

We have both short term and long term focused traders in this thread with different strategies. The retracements in the metals aren't a surprise to anyone who's been trading the metals, not even to the most bullish long term traders. All these passive aggressive posts of I told you just clutter up the thread with garbage posts.

They say a broken clock is right twice a day and there are a few broken clocks in this thread with self esteem issues because they feel a constant need to pat themselves and the back, nobody cares if you got one trade right on a demo account.

You know, we're in a bull market.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #5,948
  • May 5, 2011 1:03pm May 5, 2011 1:03pm
Quoting zznzzx
what exactly is NFP and what's the effect to the market? Could you please kindly explain.

Thanks.

Non Farm Payrolls data which comes out tomorrow - what time depends where you are lol....

It is notorious for being a time at which precious metals gyrate and often spike one way before reversing hard - or not....

google is your friend plus look back through this thread...

As a newbie I strongly advise you to get to know your market before committing any cash to it....



beeb
  • #5,949
  • May 5, 2011 1:06pm May 5, 2011 1:06pm
Quoting LasVahGoose
Trends......

Nice one

beeb
  • #5,950
  • May 5, 2011 1:08pm May 5, 2011 1:08pm
Quoting LasVahGoose
Trends... Secular trends, long term trends, medium term trends, short term trends. Here a trend, there a trend, every where a trend trend...

One cannot discuss trends without discussing time frame because they go hand in hand. Statements such as "The trend is now down" is fairly meaningless and it can confuse people. Example: "The trend is now down on the 15 minute" is actually saying something with substance.

We have both short term and long term focused traders in this thread with different strategies. The retracements in the metals aren't...
myself, that is why I always try to use the timeframe so as not to be confused when were working with cycles whithin cycles as some might not know where we are at whithin them.
  • #5,951
  • May 5, 2011 1:25pm May 5, 2011 1:25pm
The Way Things Are moving I cant make my mind .(lol i am always afraid to short gold) but at the same time in my graph i see support for gold near 1400 or a bit lower on weekly time frame.and historically from 2008 it has always touched that line before moving ahead and about silver that support is near 32 .I have trade short time framez before but it in my opinion longer trades are much more profitable so i have decided to use 40% of my account for long 30% for short (short term trades) and 30 free for margin calls if any
MMMYYYKKK
  • #5,952
  • May 5, 2011 1:36pm May 5, 2011 1:36pm
1438 is likely on xauusd this week.
  • #5,953
  • May 5, 2011 1:37pm May 5, 2011 1:37pm
Quoting ruffryders
1438 is likely on xauusd this week.

from?????
  • #5,954
  • May 5, 2011 1:41pm May 5, 2011 1:41pm
Quote
from?????

from oil futures for june trading at 90 ... but let's see, wait, oil and gold don't have a link, so that kinda makes no sense. oh well, bummer.
  • #5,955
  • May 5, 2011 1:50pm May 5, 2011 1:50pm
Quoting ruffryders
1438 is likely on xauusd this week.
Sorry Bro But Are they dumb guesses or something behind it ?
MMMYYYKKK
  • #5,956
  • May 5, 2011 1:54pm May 5, 2011 1:54pm
Quoting LasVahGoose
You know, we're in a bull market.
Agreed, we are. But a bull market that corrects 30% in 3 days...
  • #5,957
  • May 5, 2011 1:56pm May 5, 2011 1:56pm
Quote
Sorry Bro But Are they dumb guesses or something behind it ?

ew wave 3 down on submicro level + light crude futures broke below 100 at 2008 levels with a spiker down and next target is 90 + NZ time sell off coming up soon + strong options levels located at 1400-1440 area. + monthly pivot was taken out with strong spiker down move at 1514.

that works for you?

the only dumb thing here is your useless post.
  • #5,958
  • May 5, 2011 1:59pm May 5, 2011 1:59pm
Quoting vladirich
Today I watched TV and accidentally heard that Soros sold large quantities of silver and gold. Maybe this causes sharp drop in silver. If so then it can be assumed that the reasons for the fall are rather fundamental. But what makes it sell?

How do you think?
Probably got a margin call.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #5,959
  • May 5, 2011 1:59pm May 5, 2011 1:59pm
Trends are trens but according to trends USD should be worthless by now. But look at AUD, EUR, almost everything except USD AND JPY.

Glad went short AUD/USD and EUR/USD last week despite all the news...
  • #5,960
  • May 5, 2011 2:00pm May 5, 2011 2:00pm
$1569 touched...
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