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

  • #7,461
  • Edited 1:58am Jun 24, 2011 1:55am | Edited 1:58am
Quoting ShirleyLo
It's Friday afternon here, gold stuck at 1522s and I'm dead bored at work, in desperate need for some sanity.

anyone's got any view ? I've been slightly ignoring my graphs and looking at the news...fundamental datas are still on the mix, who knows what's happening to QE3, some tsunami warning in Alaska, some hackers attack, troops pulled back from Afg... ah nothing is of big importance to the lives and survival of human beings...

neutral on gold
Gold looks cheap at the moment but I observe gold moving in the crazy way today .
Greece's news is good ,Gold would rise and also Greece's news is good ,Gold would drop .
Base on FA is disaster to me .
  • #7,462
  • Edited 2:16am Jun 24, 2011 2:14am | Edited 2:16am
I'm still short from 1540.

For me ,the last daily trendlinegoes to 1500.

we will see
gold is gold.
  • #7,463
  • Jun 24, 2011 2:16am Jun 24, 2011 2:16am
Quoting sergevi
I'm still short from 1540.

For me ,the breaking of the daily trendline is still good .

we will see

I don't see that but I suppose it depends on your timeframe and from where you start your line.....can you show it?

beeb
  • #7,464
  • Jun 24, 2011 2:19am Jun 24, 2011 2:19am
Quoting beeb
Well I'm going to continue to look to reload the scalp longs that I sold after the 1557 break - see post #7482

Here's 240min GC chart to entertain you

http://www.screencast.com/t/qKvZdC523m3y

beeb
Thanks, ure the best. Scalp longs at around 1511-1515 I see, before NY
trading is my zen
  • #7,465
  • Edited 2:22am Jun 24, 2011 2:21am | Edited 2:22am
Quoting beeb
I don't see that but I suppose it depends on your timeframe and from where you start your line.....can you show it?

beeb
Yes sorry. Here's a shot.

I simply use 14-3-3 stoch also, and it looks good for me.
Attached Image (click to enlarge)
Click to Enlarge Name: gold0624.jpg Size: 136 KB
gold is gold.
  • #7,466
  • Jun 24, 2011 2:26am Jun 24, 2011 2:26am
Quoting ShirleyLo
Thanks, ure the best. Scalp longs at around 1511-1515 I see, before NY
Well each to their own - I usually like to see how a line reacts before plunging in.....forks work until they don't

beeb
  • #7,467
  • Jun 24, 2011 2:34am Jun 24, 2011 2:34am
Quoting sergevi
Yes sorry. Here's a shot.

I simply use 14-3-3 stoch also, and it looks good for me.

I like them too but for swing trades, as I have stated many times on the thread. I tend to buy when they cross up from under 20 and sell when they cross down from above 80. And once a year or so you get a buy from 60,3,3 stochs.......

beeb
  • #7,468
  • Jun 24, 2011 2:41am Jun 24, 2011 2:41am
Quoting beeb
I like them too but for swing trades, as I have stated many times on the thread. I tend to buy when they cross up from under 20 and sell when they cross down from above 80. And once a year or so you get a buy from 60,3,3 stochs.......

beeb
ho. Very good idea your 60-3-3

i will try. Must be a good signal.
gold is gold.
  • #7,469
  • Jun 24, 2011 2:43am Jun 24, 2011 2:43am
Quoting sergevi
ho. Very good idea your 60-3-3

i will try. Must be a good signal.

If you can couple it with a touch of the 150MA you have Christmas, New Year and Birthday all together lol

beeb
  • #7,470
  • Jun 24, 2011 2:54am Jun 24, 2011 2:54am
Quoting beeb
If you can couple it with a touch of the 150MA you have Christmas, New Year and Birthday all together lol

beeb
hahaha. Good idea. I will setup one panel like this.
For patient traders , I'm sure it's pays the waiting.
gold is gold.
  • #7,471
  • Jun 24, 2011 5:49am Jun 24, 2011 5:49am
i dint see the recovery pattern after the massive drop, it looks like " V " shape.
usually it will recover 50% of the move down.

No dip formation
i'll add shorts at 1525 area during the US GDP news.

let me remind you that gold options expire on 26th June, which is next week.
  • #7,472
  • Jun 24, 2011 6:20am Jun 24, 2011 6:20am
Quoting sergevi
Yes sorry. Here's a shot.

I simply use 14-3-3 stoch also, and it looks good for me.
thanks, that chart helps a lot
trading is my zen
  • #7,473
  • Jun 24, 2011 6:28am Jun 24, 2011 6:28am
Quoting ShirleyLo
thanks, that chart helps a lot
You welcome, i will post charts as i see things. It's good to share ideas.

( for now i'm still curious about it to go down ..or not ! )

Gold jump fast..or just lie down, we all know that right ?
gold is gold.
  • #7,474
  • Jun 24, 2011 6:36am Jun 24, 2011 6:36am
Looks like Ag going much lower...
25 looks real now......

So gold to 1430......
Attached Image (click to enlarge)
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  • #7,475
  • Jun 24, 2011 6:45am Jun 24, 2011 6:45am
Quoting sergevi
You welcome, i will post charts as i see things. It's good to share ideas.

( for now i'm still curious about it to go down ..or not ! )

Gold jump fast..or just lie down, we all know that right ?
Here's what I've been believing more often than not for the last 6 months or so,

you observe the fundamentals for short-medium term to determine trends, and for the exact numbers for s/l or t/p you use charts and indicators, this especially works with gold

It's no brainer, we need something to protect our wealth and that's why people choose gold as a stable investment, gold is NOT really a prospective investment. If you want a prospective investments you buy lands, you buy a run down factories like Buffett did, etc.

My fiance owns a starch factory, it goes up close to 5000% from the 80s, and gold only goes up around 2000%, so why don't we just flour ourselves?

Because there is 'gold standard' in which it can be used as a form of payment in urgency (4.2g coins worth around 150USD the last time I got them). And that we are moving slowly towards the payment using gold. So we should know for sure that every human being with a peanut sized brain will do whatever imaginable to keep the price of gold steady when no currencies can be trusted - otherwise we're going back to barter and that's just ugly.

In plain English with no sarcasm - the long and longer and longest trend of gold is up IN LINE with global inflation. If it is overpriced right now, it's just due to the poor supply and high demand (anyone know this country called China?)

The safest way to trade spot gold is to BUY - and it's safe as long as you know how to play your LOTS and avoid margin calls. That's it.

If any of you are into selling gold, you go ahead and do it. Don't ever forget the term 'trend is your friend'
trading is my zen
  • #7,476
  • Jun 24, 2011 6:55am Jun 24, 2011 6:55am
Quoting ShirleyLo
Here's what I've been believing more often than not for the last 6 months or so,

you observe the fundamentals for short-medium term to determine trends, and for the exact numbers for s/l or t/p you use charts and indicators, this especially works with gold

It's no brainer, we need something to protect our wealth and that's why people choose gold as a stable investment, gold is NOT really a prospective investment. If you want a prospective investments you buy lands, you buy a run down factories like Buffett did, etc.

My fiance owns a starch...
I agree completely with you. 90% of the time i'm buying gold.. let it run and take the money after some day or weeks.

It's completely over priced..since what..20 years ? 30 years ?
So it can be stilll completely overpriced until $2000..$3000. haha

Just now, i've seen a nice sell settings, tha'ts all
gold is gold.
  • #7,477
  • Jun 24, 2011 7:00am Jun 24, 2011 7:00am
Quoting sergevi
I agree completely with you. 90% of the time i'm buying gold.. let it run and take the money after some day or weeks.

It's completely over priced..since what..20 years ? 30 years ?
So it can be stilll completely overpriced until $2000..$3000. haha

Just now, i've seen a nice sell settings, tha'ts all
true, high risk high return, that's what us traders love, ain't it lol

still very quiet on 1519...anything can happen in about half an hour. I gotta admit I speculate a lot in the last 2 days. Fundamentals are too strong - and I distrust Fed, Bernanke, and everything they say.
trading is my zen
  • #7,478
  • Jun 24, 2011 7:07am Jun 24, 2011 7:07am
Quoting ShirleyLo
Here's what I've been believing more often than not for the last 6 months or so,

you observe the fundamentals for short-medium term to determine trends, and for the exact numbers for s/l or t/p you use charts and indicators, this especially works with gold

It's no brainer, we need something to protect our wealth and that's why people choose gold as a stable investment, gold is NOT really a prospective investment. If you want a prospective investments you buy lands, you buy a run down factories like Buffett did, etc.

My fiance owns a starch factory,...
Haha ! You sounds good .
Thanks for your advise .
  • #7,479
  • Jun 24, 2011 7:12am Jun 24, 2011 7:12am
beeb,

can you post fork for silver?..silver broke my trendline already..huh it scary when thinking silver is burst right now...
  • #7,480
  • Jun 24, 2011 7:16am Jun 24, 2011 7:16am
Quoting Nguyenngoctu
Haha ! You sounds good .
Thanks for your advise .
hehe thank you it's just my opinion, not really an advise.

15 minutes til NY!!! Anyone keep me entertained pls !!! with charts, with random stuffs!!!
trading is my zen
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