XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 353 | Metals Mine

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

  • #7,041
  • Jun 8, 2011 5:40am Jun 8, 2011 5:40am
1533 now seems everything is a little negative maybe now the americans traders are turning up we will see some upward movement.
rat
  • #7,042
  • Jun 8, 2011 5:50am Jun 8, 2011 5:50am
Quoting mmudasir
check chart
How did you choose to set Fib 0% at that level?
There is a higher level a few bars infront.
Just learning. I have set my fib at the high of 1575.3. I thought that is the place to set it.
I have no enemy; I make Incautiousness my Enemy.
  • #7,043
  • Jun 8, 2011 6:49am Jun 8, 2011 6:49am
Quoting jimobiwan
How did you choose to set Fib 0% at that level?
There is a higher level a few bars infront.
Just learning. I have set my fib at the high of 1575.3. I thought that is the place to set it.
its just a pattren in pattren to find support and resistance abc extension pattren
Trading by EA
  • #7,044
  • Jun 8, 2011 7:29am Jun 8, 2011 7:29am
good dips for both silver (current price at 36.21) and gold (current price at 1531). I am expecting more dips so i can enter long when gold touch 1520, 1515 (where my pitchfork support lies), 1502 and lower below...

Best regards,

Ricky

Trade safely guys~
  • #7,045
  • Jun 8, 2011 8:22am Jun 8, 2011 8:22am
Quoting mmudasir
i m going long at 1533
Good call on your long.
I have no enemy; I make Incautiousness my Enemy.
  • #7,046
  • Jun 8, 2011 8:27am Jun 8, 2011 8:27am
Hi all

Had internet probs since Saturday but should be back up and running now....here's a quick 20min GC fork for your delectation - unmodified schiff from May 17th A

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

The larger 240mins forks previously shown still seem to be defining price very well..

beeb
  • #7,047
  • Jun 8, 2011 9:01am Jun 8, 2011 9:01am
http://www.borsaat.com/vb/uploaded/7351_1307282634.gif

As seen on the above daily chart of gold, the existence of gold near consolidation area which may later act as a strong support level as shown on the chart. It is likely that the downward will not exceed 1500$ an ounce (In the case of downward correction) , and due to the potential reversal zone PRZ which relating to the leg of the harmonic pattern as shown above. So do not worry, the target of gold will be 1560$ an ounce, coming in a few weeks, God willing. Do not forget that we have bought gold around 1500/1522$
  • #7,048
  • Jun 8, 2011 9:30am Jun 8, 2011 9:30am
agreed, every one of these dips is being bought hard. eventually the bulls will make a run. I hope to see a new high before end of month and qe2 end.


WELCOME BACK BEEB!

Mitch
  • #7,049
  • Jun 8, 2011 10:15am Jun 8, 2011 10:15am
Mrs hadyfx wrote "So do not worry, the target of gold will be 1560$ an ounce, coming in a few weeks, God willing. Do not forget that we have bought gold around 1500/1522$"

Well, personally I would be extremely disappointed to see gold only at $1560 in a few weeks - that's a mere 2% away......I also have no idea who "we" might be......As for invoking a god - I'm afraid that is not the way to trade. If you rely on supernatural beings for your trading you are likely to go bust v quickly.... Either technical analysis or supernaturalism.....Guess which tends to have better results.....lol

beeb
  • #7,050
  • Jun 8, 2011 10:40am Jun 8, 2011 10:40am
Quoting jimobiwan
Good call on your long.

i take profit at 1544 level and i was also go long on crudoil and i was long at 98.35 and take profit at now 100.65

today was a good day
Trading by EA
  • #7,051
  • Jun 8, 2011 10:46am Jun 8, 2011 10:46am
Quoting beeb
Mrs hadyfx wrote "So do not worry, the target of gold will be 1560$ an ounce, coming in a few weeks, God willing. Do not forget that we have bought gold around 1500/1522$"

Well, personally I would be extremely disappointed to see gold only at $1560 in a few weeks - that's a mere 2% away......I also have no idea who "we" might be......As for invoking a god - I'm afraid that is not the way to trade. If you rely on supernatural beings for your trading you are likely to go bust v quickly.... Either technical analysis or supernaturalism.....Guess...
Hello sir!
Well, I agree with you. But, 1560 level is just my first target. I have several views of my own technical analysis which are provides a useful indicating to gold future movements.
By the way, When I have said (god willing) That is related to our customs. Just customs. Usually, I use it.

Shady
  • #7,052
  • Jun 8, 2011 10:49am Jun 8, 2011 10:49am
Quoting Mrshadyfx
http://www.borsaat.com/vb/uploaded/7351_1307282634.gif

As seen on the above daily chart of gold, the existence of gold near consolidation area which may later act as a strong support level as shown on the chart. It is likely that the downward will not exceed 1500$ an ounce (In the case of downward correction) , and due to the potential reversal zone PRZ which relating to the leg of the harmonic pattern as shown above. So do not worry, the target of gold will be 1560$ an ounce, coming in a few weeks, God willing. Do not forget that we...

yah you are right but also confirm upword move by lower level time fram is always best for entry...and look wait for the break of 1554 high if this high extend then this can go to 161 extension D leg..
Trading by EA
  • #7,053
  • Jun 8, 2011 11:04am Jun 8, 2011 11:04am
where is xtrade.i want to know are you long still or fill your losess today..

how many positions have you and what the open price and stop loss and take profits

if you like please share with us..we know you are very one of good trader
Trading by EA
  • #7,054
  • Jun 8, 2011 11:08am Jun 8, 2011 11:08am
Quoting mmudasir
yah you are right but also confirm upword move by lower level time fram is always best for entry...and look wait for the break of 1554 high if this high extend then this can go to 161 extension D leg..
Yup, I have many scenarios for gold movements. One of them is the last words in your previous post
Hoping it going well.
  • #7,055
  • Jun 8, 2011 11:31am Jun 8, 2011 11:31am
Averaging my XAG with long double lot @36.15, t/p @36.70, and cut loss my earlier long entrance of 37.10 at the same time. Phew!

Fundamentals have been low impacts today....maybe I'll wait 'til Friday...

Sometimes when I focus my trade fully on 'minimising risk' instead of 'making big profit' I end up making bigger profit...life is full of mystery
trading is my zen
  • #7,056
  • Jun 8, 2011 12:08pm Jun 8, 2011 12:08pm
GC 240min blue fork still running well after two months - have put in poss yellow downfork....

beeb

http://www.screencast.com/t/xd9MgwI0
  • #7,057
  • Jun 8, 2011 12:22pm Jun 8, 2011 12:22pm
Quoting beeb
GC 240min blue fork still running well after two months - have put in poss yellow downfork....

beeb

http://www.screencast.com/t/xd9MgwI0
beeb this andrew fork is new to me please guide me how can we apply the andrew pthfork method on charts

actually it looks like giving some clues of price .your helpfull information can increase my knowledge
Trading by EA
  • #7,058
  • Jun 8, 2011 12:23pm Jun 8, 2011 12:23pm
Quoting mmudasir
beeb this andrew fork is new to me please guide me how can we apply the andrew pthfork method on charts

actually it looks like giving some clues of price .your helpfull information can increase my knowledge

suggest you read the thread as i've been posting them for months - alternatively google is your friend....


beeb
  • #7,059
  • Jun 8, 2011 12:28pm Jun 8, 2011 12:28pm
Quoting Mrshadyfx
Yup, I have many scenarios for gold movements. One of them is the last words in your previous post
Hoping it going well.
are you long i affraid if you long at this moment i was long today for 12 usd of gold only..in the reality i m seeing the level of 1510 in future any thing is not happing to upside
actually i am a day trader and i m not holding positions more than one day or two so thats why i scalp today because i find opportunity to buy gold at 1533 and take profit at 1544 area..and next target of gold is 1524 first now gold current is 1538
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  • #7,060
  • Jun 8, 2011 12:42pm Jun 8, 2011 12:42pm
Quoting mmudasir
are you long i affraid if you long at this moment i was long today for 12 usd of gold only..in the reality i m seeing the level of 1510 in future any thing is not happing to upside
actually i am a day trader and i m not holding positions more than one day or two so thats why i scalp today because i find opportunity to buy gold at 1533 and take profit at 1544 area..and next target of gold is 1524 first
Conversely, I am short-term trader. So, I don't care what is going on the market through one day. That is not important for me, because what I have mentioned.
Anyways, let me watching developments in the market with you. It is interesting.
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