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

  • #7,581
  • Jun 28, 2011 9:20pm Jun 28, 2011 9:20pm
First

1506

1515

1524

1540

1555
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,582
  • Jun 28, 2011 9:34pm Jun 28, 2011 9:34pm
Quoting XTrade
First

1506

1515

1524

1540

1555
1,506 (April 11 should be easy)
1,515 Will cause minor hesitation but will continue North.
1,524 will probably be more like 1,529 by the time it gets there
1,540 will be a hard fought line & If/When the Bulls break it...
1,549
And Then... The Top.

Not a fight. Just a conversatiion.


B
  • #7,583
  • Jun 28, 2011 10:33pm Jun 28, 2011 10:33pm
so boring, no strong movement yet.

be very cautious if you wanna long, H4 stochastic at the top already
  • #7,584
  • Jun 28, 2011 11:17pm Jun 28, 2011 11:17pm
Quoting Bemac
1,506 (April 11 should be easy)
1,515 Will cause minor hesitation but will continue North.
1,524 will probably be more like 1,529 by the time it gets there
1,540 will be a hard fought line & If/When the Bulls break it...
1,549
And Then... The Top.

Not a fight. Just a conversatiion.


B
mine is
1506

1512

1523

1534

and the top.

it's probably over once it hit 1490 again
trading is my zen
  • #7,585
  • Jun 28, 2011 11:29pm Jun 28, 2011 11:29pm
Quoting allngap
so boring, no strong movement yet.

be very cautious if you wanna long, H4 stochastic at the top already
Those of us that Trade TimeFrames above 4 Hr find these times of Market Quietness... Times of Study.
Attached Image (click to enlarge)
Click to Enlarge Name: 1,600 dollar gold daily jun 28 11.gif Size: 40 KB

I see a Rise.
Oh wait. I have to justify that.
Based in ICCE I see a rise to ~
1,526. Fight
1,535. Fight
1,547. Brawl


Yhea... I would have liked the numbers to push above 1,600 but I suppose I have to wait in line.


New High ~ 1,597
lol . We just dropped $50 & I'm saying 'new High'
Wanna Play?


B
  • #7,586
  • Jun 29, 2011 12:25am Jun 29, 2011 12:25am
Quoting Bemac
Those of us that Trade TimeFrames above 4 Hr find these times of Market Quietness... Times of Study.
Attachment
I see a Rise.
Oh wait. I have to justify that.
Based in ICCE I see a rise to ~
1,526. Fight
1,535. Fight
1,547. Brawl


Yhea... I would have liked the numbers to push above 1,600 but I suppose I have to wait in line.


New High ~ 1,597
lol . We just dropped $50 & I'm saying 'new High'
Wanna Play?


B
please go to weekly chart, the trendline that supports all the dip all the way from January has already broken.
COT data showing so much short position added
QE3 has not been announced yet
6 failed retest of 1550 levels


my 'prediction' is that it will climb in August, or until some signs of QE3.
if you dont mind paying all the overnight fees for 2months and seeing your account in red, then go ahead
  • #7,587
  • Jun 29, 2011 1:09am Jun 29, 2011 1:09am
Quoting Nguyenngoctu
Hi !
Are you holding your short position ?
Gold seems moving sleepy
Hi

Yes, i'm still with my short ( from 1500), I have a stop at 1515.
We will see what happen today , it should move as side effect from Greece event.

I hate to short gold, we are not used to, it's scary
gold is gold.
  • #7,588
  • Jun 29, 2011 2:33am Jun 29, 2011 2:33am
Quoting sergevi
Hi

Yes, i'm still with my short ( from 1500), I have a stop at 1515.
We will see what happen today , it should move as side effect from Greece event.

I hate to short gold, we are not used to, it's scary
Goodluck !
  • #7,589
  • Jun 29, 2011 6:42am Jun 29, 2011 6:42am
Quoting sergevi
Hi

Yes, i'm still with my short ( from 1500), I have a stop at 1515.
We will see what happen today , it should move as side effect from Greece event.

I hate to short gold, we are not used to, it's scary
I''m with you, man, waiting for a spike in a region of 1515 then down again.
  • #7,590
  • Jun 29, 2011 7:18am Jun 29, 2011 7:18am
Who's trading Euro?

Besides me....

All my targets have been hit and exceeded for AUD and EUR..
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,591
  • Jun 29, 2011 7:18am Jun 29, 2011 7:18am
Gold Current spinning top at 1507
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,592
  • Jun 29, 2011 7:21am Jun 29, 2011 7:21am
AGREED.

I'm with you brother.

Quoting Bemac
Why o' Why Die Young. Scalping can Do That.
Some Tests ahead but... I'm Bias to the Buy. Still.
I said 1,600 by Christmass. I stand by that.

B
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,593
  • Jun 29, 2011 7:26am Jun 29, 2011 7:26am
I'm really Pissed I missed the fabulous short on USD/CAD pushing 200 pips ATM
If we break 9675 look out below.
It's approaching the Hour 6 LTL

Take a look.

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

Aud - Secondary target of 0600 hit overnight. Back in and depending on Greek vote may double up. Next target a simple 0700 test.
Kiwi - FIRMLY up in overnight trade.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,594
  • Jun 29, 2011 8:17am Jun 29, 2011 8:17am
Greek vote result in - any reason that gold should go up now in this seasonally weak time over summer?
I have no enemy; I make Incautiousness my Enemy.
  • #7,595
  • Jun 29, 2011 9:18am Jun 29, 2011 9:18am
Quoting XTrade
Who's trading Euro?

Besides me....

All my targets have been hit and exceeded for AUD and EUR..
shorted EUR from 4365 and made +15 pips. not a wise move. i'm on long now (from 4352). next up is ...
Attached Image
trading is my zen
  • #7,596
  • Jun 29, 2011 10:08am Jun 29, 2011 10:08am
Quoting ShirleyLo
shorted EUR from 4365 and made +15 pips. not a wise move. i'm on long now (from 4352). next up is ...
ShirleyLo,

I am targeting 4500 EUR
and 1.700 AUD

Gold is still trading thinly.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,597
  • Jun 29, 2011 10:11am Jun 29, 2011 10:11am
I made some stupid scalps during the Euro swings.

Trying to add pips and I got burned....

Learned a good lesson. Either flatten before - or stick to the guns of the original trade. Already had some 80 pips on the Euro trade. Regardless of the swings I would be back at 80.

Now I have just been able to make back the losses.
BUT DON"T LOSE THE LESSON!!!!

In essence it was worth it.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,598
  • Jun 29, 2011 10:23am Jun 29, 2011 10:23am
Quoting XTrade
I made some stupid scalps during the Euro swings.

Trying to add pips and I got burned....

Learned a good lesson. Either flatten before - or stick to the guns of the original trade. Already had some 80 pips on the Euro trade. Regardless of the swings I would be back at 80.

Now I have just been able to make back the losses.
BUT DON"T LOSE THE LESSON!!!!

In essence it was worth it.
NEVER EVER lose what you Learned.
No shame in backing a loser. Recognize & adjust without predjudice.
My Sig.

B
  • #7,599
  • Jun 29, 2011 10:26am Jun 29, 2011 10:26am
Quoting XTrade
ShirleyLo,

I am targeting 4500 EUR
and 1.700 AUD

Gold is still trading thinly.
another profitable day for me, made around 160 pips until now, double my lot on buying the euro..touched my resistance just now! I have a bad feeling the end of the week is ugly for EUR though..

I hold on to my earlier long gold on 1502, t/p at 1526...but I hate them to hotel it at my account. Too expensive holding fee, let's see tonight.

*wink* I'm a buyer type.
trading is my zen
  • #7,600
  • Jun 29, 2011 10:36am Jun 29, 2011 10:36am
oh. I just realised I had one lot of long gold at 1505 earlier.

Lesson today: If I'm not as lucky today, margin has called me. I should stop being an aggresive buyer.

I maxed my cards last month buying stuffs I didn't need. If somebody is to sell their soul to me, I'll prolly buy it too. Bad, Shirley, bad.
trading is my zen
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