XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 462 | Metals Mine

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

  • #9,221
  • Aug 25, 2011 7:46am Aug 25, 2011 7:46am
This could be promising, best looking green 4h candle in the last 2 days if it closes bullish..
Anything can happen.
  • #9,222
  • Aug 25, 2011 8:02am Aug 25, 2011 8:02am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
this is gonna fall any moment...
  • #9,223
  • Aug 25, 2011 8:04am Aug 25, 2011 8:04am
Quoting G_Man
this is gonna fall any moment...
Why so?
  • #9,224
  • Aug 25, 2011 8:13am Aug 25, 2011 8:13am
  •  G_Man
  • | Joined Aug 2009 | Status: getting ready for the next Battle | 781 Posts
Quoting Icosahedron
Why so?
sorry i am not very good at explaining things, i am not a good chart drawer either but lets just say its a bearish week for gold... metals has always acted this way... i have seen it before...
  • #9,225
  • Aug 25, 2011 8:27am Aug 25, 2011 8:27am
Faced resistance on 50EMA level on 15 min TF and 2.000 Fib level...
Attached Image(s) (click to enlarge)
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  • #9,226
  • Aug 25, 2011 8:32am Aug 25, 2011 8:32am
Following on from #9345

GC 1 min :

http://www.screencast.com/t/7vzGjI7tzeAm

yellow circle lower in fork than purple - therefore look for downfork and shorts...

green = short
purple line = stop
red circle = close

beeb
  • #9,227
  • Aug 25, 2011 8:56am Aug 25, 2011 8:56am
Going to have to run out soon but wanted to leave an updated weekly.

Got stopped out with a tight stop and a small lot on last nights entry.

We dropped another 40 bucks - I cut out at 10 USD.

Still long Silver as it looks ready for some burst!

Now. Gold is testing the top of the weekly channel it has so nicely Blown out OF!

Going to pay attention here. If PA suggests this test is strong support may be a great entry.

Be careful and Good luck.
X
Attached Image (click to enlarge)
Click to Enlarge Name: Gold weekly 8_25_11 at top.GIF Size: 23 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,228
  • Aug 25, 2011 9:00am Aug 25, 2011 9:00am
Technically (chart wise) we are still vulnerable to further correction.

Yet, these have been fast and steep falls. Although it may move slowly the next few sessions. When this volatile the chart could just the same Explode!!! Also we are on some great areas of interest that may prove to serve as new strong supports.....

Indian buying season is coming/here!

Watch for PA to establish supports.

If 39.80 goes on silver look a dollar below to 38.80/.50 area.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,229
  • Aug 25, 2011 9:04am Aug 25, 2011 9:04am
Quoting Icosahedron
Why so?
simply put.... it's been generally been making lower highs and lower lows. it takes a lot of candle sticks to rally at a smaller price range and fewer candles sticks with higher price range in the downside
  • #9,230
  • Aug 25, 2011 9:13am Aug 25, 2011 9:13am
Going back up! For long?
  • #9,231
  • Aug 25, 2011 9:13am Aug 25, 2011 9:13am
More than 200 dollars correction in 72 hours.. incredible..

yes, 2 candles forming in 4H.. Maybe this can be the support now. Are we on the bottom? Let's wait and see.
The Black Swan: The Impact of the Highly Improbable
  • #9,232
  • Aug 25, 2011 9:29am Aug 25, 2011 9:29am
Looks like some nice reversal candles in place. I'm in.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,233
  • Aug 25, 2011 9:29am Aug 25, 2011 9:29am
decide to to open a long with my client at 1731 based on unemployment claims. i got requoted to 1736.78... i really hate mt4. we could've made 700 dollars if we got the entry point right. he wanted a tp at 1745 but it dropped sharply down. decide to short at 1719, but got requoted to 1714.

this is so bullshit. now we are locked at $2,399 loss.

freaking almost impossible to scalp with mt4 or maybe it's just my broker.

are there any brokers out there that you would recommend? i'm from the philippines. not sure if that matters.
  • #9,234
  • Aug 25, 2011 9:30am Aug 25, 2011 9:30am
wedding ban goes down in value. I'd rather spend moolah in Vegas rather than trading gold tonight. Watch me, I'm heli-ing it in NYC hope nothing brings USD up so I can shop.

I thought the Indians boght their gold EARLY this year because they were panic the price was gonna go up by November. And?

Quoting XTrade
Technically (chart wise) we are still vulnerable to further correction.

Yet, these have been fast and steep falls. Although it may move slowly the next few sessions. When this volatile the chart could just the same Explode!!! Also we are on some great areas of interest that may prove to serve as new strong supports.....

Indian buying season is coming/here!

Watch for PA to establish supports.

If 39.80 goes on silver look a dollar below to 38.80/.50 area.
trading is my zen
  • #9,235
  • Aug 25, 2011 9:32am Aug 25, 2011 9:32am
Areas of interest in yellow horizontal.
Attached Image (click to enlarge)
Click to Enlarge Name: XAG_82511 after retrac.GIF Size: 24 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,236
  • Aug 25, 2011 10:01am Aug 25, 2011 10:01am
Quoting patguchi
decide to to open a long with my client at 1731 based on unemployment claims. i got requoted to 1736.78... i really hate mt4. we could've made 700 dollars if we got the entry point right. he wanted a tp at 1745 but it dropped sharply down. decide to short at 1719, but got requoted to 1714.

this is so bullshit. now we are locked at $2,399 loss.

freaking almost impossible to scalp with mt4 or maybe it's just my broker.

are there any brokers out there that you would recommend? i'm from the philippines. not sure if that matters.

Same problems with my MT4 broker and may be same with other MT4 brokers.
Anyway you can try other JAVA platforms, that problem does not exist at JAVA platform.
  • #9,237
  • Aug 25, 2011 10:25am Aug 25, 2011 10:25am
Quoting patguchi
decide to to open a long with my client at 1731 based on unemployment claims. i got requoted to 1736.78... i really hate mt4. we could've made 700 dollars if we got the entry point right. he wanted a tp at 1745 but it dropped sharply down. decide to short at 1719, but got requoted to 1714.

this is so bullshit. now we are locked at $2,399 loss.

freaking almost impossible to scalp with mt4 or maybe it's just my broker.

are there any brokers out there that you would recommend? i'm from the philippines. not sure if that matters.

I don't like MT4 either for LIVE trading, I just use it to check the charts and load the indicators..

I use the broker own console in java to operate LIVE and execute the orders..
The Black Swan: The Impact of the Highly Improbable
  • #9,238
  • Aug 25, 2011 10:39am Aug 25, 2011 10:39am
Quoting patguchi
decide to to open a long with my client at 1731 based on unemployment claims. i got requoted to 1736.78... i really hate mt4. we could've made 700 dollars if we got the entry point right. he wanted a tp at 1745 but it dropped sharply down. decide to short at 1719, but got requoted to 1714.

this is so bullshit. now we are locked at $2,399 loss.

freaking almost impossible to scalp with mt4 or maybe it's just my broker.

are there any brokers out there that you would recommend? i'm from the philippines. not sure if that matters.

Sorry to hear that patguchi

One has to have the best tools of the trade that you can afford for your level of trading - that means charting package, feed and broker. And a chain is only as strong as it's weakest link so all three need to be the best possible.....

beeb
  • #9,239
  • Aug 25, 2011 10:45am Aug 25, 2011 10:45am
Do you guys believe the correction is over?

Thinking about entering now, but I've lost extremely big amount of money today on fake entries, still kind of scared of a retest.
  • #9,240
  • Aug 25, 2011 10:53am Aug 25, 2011 10:53am
Quoting MapleLeaf
I don't like MT4 either for LIVE trading, I just use it to check the charts and load the indicators..

I use the broker own console in java to operate LIVE and execute the orders..
Same story.
I underestimated Oanda's Java platform first time, but it is real good -
fast and flexible.
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