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

  • #7,321
  • Jun 21, 2011 9:45am Jun 21, 2011 9:45am
Part of Dodd Frank states that all brokers outside of the US currently servicing US residents are to cease and or switch their accounts to their US counterparts where possible ie: FXCM UK to FXCM US (NO AFFILIATION) example purposes only.

Furthermore, If one were to find a broker overseas willing to service a client without having residence and there was a case of fraud or say a major trade discrepancy, your $$$$ is as good as gone.

Quoting Greenstar
re: 2. Small cap: There is no subterfuge needed that i can see. i am a us national (better term than resident or citizen as language is used to bind - but this is an entirely different subject - ).... using a broker in another country which is just fine with taking Americans. You just have to look around.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,322
  • Jun 21, 2011 9:46am Jun 21, 2011 9:46am
Gold Shooting to test 1550.

AUD broke free of consolidation triangle to the north side.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,323
  • Jun 21, 2011 1:50pm Jun 21, 2011 1:50pm
Quoting XTrade
Part of Dodd Frank states that all brokers outside of the US currently servicing US residents are to cease and or switch their accounts to their US counterparts where possible ie: FXCM UK to FXCM US (NO AFFILIATION) example purposes only.

Furthermore, If one were to find a broker overseas willing to service a client without having residence and there was a case of fraud or say a major trade discrepancy, your $$$$ is as good as gone.
Thank you for letting me know. I don't know what kind of case of fraud would affect me, or what a trade discrepancy might be. My account is small; am tiny fish. I appreciate your motto.
  • #7,324
  • Jun 21, 2011 6:53pm Jun 21, 2011 6:53pm
Gold is very slow ATM.

Rising steadily toward 1550 where I expect resistance initially,then if the current PA continues perhaps a dip followed by breakthrough.

We'll see how she goes and where she blows.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,325
  • Jun 21, 2011 8:32pm Jun 21, 2011 8:32pm
Quoting XTrade
Gold is very slow ATM.

Rising steadily toward 1550 where I expect resistance initially,then if the current PA continues perhaps a dip followed by breakthrough.

We'll see how she goes and where she blows.
I'm back to commodity, sick of Euro's jokes, kept -30pips and then +30pips for more than 5 times a day, almost like my head's beaten with a gold bar over n over again. 2 days of work and I earnt USD20 (while I coulda spent the time doing my drawings). LOL

XAU, bull or bear, I don't know. It's increasingly overbought, ADX shows weaker uptrend, and something that's well above ichimoku is just too dangerous for me to go long..i dno , with the debacles of asian session..

European news is good too. I'm a slight bearish today
Attached Image (click to enlarge)
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trading is my zen
  • #7,326
  • Jun 21, 2011 9:44pm Jun 21, 2011 9:44pm
Quoting balanisuresh
Simple trades all day via smartphone.

Hi X-trade...if u dont mind can u tell me which phone, operating system u r using and if it supports metatrader.....and if its possible to view charts with basic indictors...also what is screen size of ur phone?

Soory for bothering u....but wanted to have back up of trading platform on phone

still waiting for ur reply sir....plz spare some time
  • #7,327
  • Jun 21, 2011 9:54pm Jun 21, 2011 9:54pm
Quoting ShirleyLo
I'm back to commodity, sick of Euro's jokes, kept -30pips and then +30pips for more than 5 times a day, almost like my head's beaten with a gold bar over n over again. 2 days of work and I earnt USD20 (while I coulda spent the time doing my drawings). LOL

XAU, bull or bear, I don't know. It's increasingly overbought, ADX shows weaker uptrend, and something that's well above ichimoku is just too dangerous for me to go long..i dno , with the debacles of asian session..

European news is good too. I'm a slight bearish today
Haha.., you can see posts in EURO/USD thread in every minute because they are panic in every time, gold trades are making money in every 5 min pullback no doubt $1 in onz.

countries printing currency by using gold as base metal because they dont trust their economy but they trust in gold then why should we trade currency if there is safe metal.
  • #7,328
  • Jun 21, 2011 9:54pm Jun 21, 2011 9:54pm
Quoting balanisuresh
still waiting for ur reply sir....plz spare some time
I think he's away. But I have recommendations for you..just my little experience..

My Blackberry Onyx (9700) - OANDA for Blackberry. you can see basic candle sticks charts in many timeframes or line charts. updated news too, easy to access and good enough for on-my-way-home position entrances.

My Blackberry Torch (9800) - the latest FXCM for blackberry. Only 5 mins line chart is available (sucks), but very clear n quick updating pricing including the highs and lows, but too quickly automatically logged out. I believe I read somewhere that they charge 10c / trade but I never realise them...I trade with bigger lots in commodity so 10c is a second glimpse only .. . .
trading is my zen
  • #7,329
  • Jun 22, 2011 12:41am Jun 22, 2011 12:41am
what the expectation today with FOMC what the gold do?Down or Up give views about forecast of and sentiment of markets
Trading by EA
  • #7,330
  • Jun 22, 2011 1:23am Jun 22, 2011 1:23am
Quoting ShirleyLo
I think he's away. But I have recommendations for you..just my little experience..

My Blackberry Onyx (9700) - OANDA for Blackberry. you can see basic candle sticks charts in many timeframes or line charts. updated news too, easy to access and good enough for on-my-way-home position entrances.

My Blackberry Torch (9800) - the latest FXCM for blackberry. Only 5 mins line chart is available (sucks), but very clear n quick updating pricing including the highs and lows, but too quickly automatically logged out. I believe I read somewhere that they...
Hi everyone !
Chart's saying Gold wait for something special today .
Be careful
Attached Image (click to enlarge)
Click to Enlarge Name: Gold4h.jpg Size: 146 KB
  • #7,331
  • Jun 22, 2011 2:51am Jun 22, 2011 2:51am
Yes, it is a pivotal moment right now, isn't it?

Those poor Greeks.
  • #7,332
  • Edited 3:54am Jun 22, 2011 3:00am | Edited 3:54am
Quoting Knight Rider
Yes, it is a pivotal moment right now, isn't it?

Those poor Greeks.
Nervous times....

Am still seeing GC in steady uptrend - it has just broken out of the downfork shown numerous times. Currently anticipating 1551 upsloping resistance unless it turns down for a retest....lol

GC 240 min:

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

beeb
  • #7,333
  • Jun 22, 2011 4:20am Jun 22, 2011 4:20am
too slow for my liking. be back during NY session
trading is my zen
  • #7,334
  • Jun 22, 2011 4:30am Jun 22, 2011 4:30am
Quoting mmudasir
what the expectation today with FOMC what the gold do?Down or Up give views about forecast of and sentiment of markets
currently as flat as a boiled chicken breast. with no salt.

God why do I have my anger unmanaged in such a slow market!
trading is my zen
  • #7,335
  • Jun 22, 2011 4:51am Jun 22, 2011 4:51am
whatever the results of FOMC are, gold and silver will still head up in the long run.

If gold and silver crash tonight, it represents another buying opporunity
  • #7,336
  • Edited 5:20am Jun 22, 2011 5:14am | Edited 5:20am
Quoting ShirleyLo
too slow for my liking. be back during NY session
Hi ShirleyLo and other members !
Please tell me why you chose Oanda broker ?
Is Oanda broker the best in the best ?
Need your advises really .
  • #7,337
  • Jun 22, 2011 5:31am Jun 22, 2011 5:31am
http://www.marketwatch.com/story/dod...ing-2011-06-22
I have no enemy; I make Incautiousness my Enemy.
  • #7,338
  • Jun 22, 2011 5:50am Jun 22, 2011 5:50am
Quoting Nguyenngoctu
Hi ShirleyLo and other members !
Please tell me why you chose Oanda broker ?
Is Oanda broker the best in the best ?
Need your advises really .
They have very tight spreads for metals if compared to other brokers.
Executions are also very good.
  • #7,339
  • Jun 22, 2011 5:53am Jun 22, 2011 5:53am
Quoting Nguyenngoctu
Hi ShirleyLo and other members !
Please tell me why you chose Oanda broker ?
Is Oanda broker the best in the best ?
Need your advises really .
i have also requested to open my account i wanna also switch my account i hear very good about them
Trading by EA
  • #7,340
  • Jun 22, 2011 7:05am Jun 22, 2011 7:05am
Quoting Nguyenngoctu
Hi ShirleyLo and other members !
Please tell me why you chose Oanda broker ?
Is Oanda broker the best in the best ?
Need your advises really .
Hi Nguyenngoctu,

quick execution and the minimum unit u can buy is '1' no matter what kind of account you've got. I run a 10k account and trade 1 gold when i'm not entirely sure about the trend.

beware of the crazy bad big fat spreads on volatile hours, but i'm sure all brokers do that, but I see oanda raising its spreads more than a lot of other brokers during volatility, esp on fast-paced trades like gold or GBP/USD

I read your earlier post that you want to 'protect your wealth' by trading gold? It's just that if you wanna do that you might buy gold physically, not trading spot gold. Spot gold is just like trading a crazier, faster, more volatile forex
trading is my zen
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