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

  • #9,581
  • Aug 31, 2011 9:31am Aug 31, 2011 9:31am
Right in the area of an open gap:
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  • #9,582
  • Aug 31, 2011 9:38am Aug 31, 2011 9:38am
Quoting SunTrader
Right in the area of an open gap:

oh yes. I missed that. Yesterday I was taking buy scalps. Today, its all been sell scalps. We had a little spike to 1854 on 24AUG and I am hoping for a little challenge of that and hitting a distribution zone there.
I have no enemy; I make Incautiousness my Enemy.
  • #9,583
  • Aug 31, 2011 7:10pm Aug 31, 2011 7:10pm
It exhibits both conviction & commitment.

I have put niether on Ignore & so have read all {most} of what has been posted over the last couple of days.

Geez Guys, you remind me of me when I first became a Member of FF. I had a run in with Charles that got me fuming.
After further discussions betwen us, we both came to understand that, ...
It Takes Confidence AND Ego to Trade Real.
The Variable is How Much Confidence & How Much Ego?
That varies from Trader to Trader.
My question is;
Why are you guys squabbling over that.
You both have market views I have read and taken into account.
This is just a sideshow. Please bury the hatchet & let's get back on task.

B
  • #9,584
  • Aug 31, 2011 7:23pm Aug 31, 2011 7:23pm
Anyway. Last week I said I was hesitant to Buy because I suspected a Fleecing may be being set up. {based on Daily TF}
Four Days into this week {Two more to go} & I see this on the Weekly TF.
Attached Image (click to enlarge)
Click to Enlarge Name: _aug 31 11 weekly why im pumped.gif Size: 44 KB

I know my lower window indis are on the cieling but they have been for almost Two (2) years...
If This Week, on Weekly TF, Closes as PB or better...
I'll Buy. "Yeahhhhhup" But ...
Not until it comes back some.

hth

B
  • #9,585
  • Aug 31, 2011 7:46pm Aug 31, 2011 7:46pm
Quoting Bemac
It exhibits both conviction & commitment.

I have put niether on Ignore & so have read all {most} of what has been posted over the last couple of days.

Geez Guys, you remind me of me when I first became a Member of FF. I had a run in with Charles that got me fuming.
After further discussions betwen us, we both came to understand that, ...
It Takes Confidence AND Ego to Trade Real.
The Variable is How Much Confidence & How Much Ego?
That varies from Trader to Trader.
My question is;
Why are you guys squabbling over that.
You both have market views...
It's good that you have put no one on ignore.....some people can do it that way, others (me) prefer to put people on ignore if I consider their posts distracting.

You're right, it does take confidence to trade, I don't agree that ego is required....quite the reverse actually, but to each their own.

There's no hatchet to bury man, the iggy list takes care of that for me!

But anyway.....as far as direction is concerned.....have to wait and see which way this breaks......I'm thinking it will likely hold station until NFP, but we shall see. Meantime there are better opportunities elsewhere.
Attached Image (click to enlarge)
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,586
  • Aug 31, 2011 8:57pm Aug 31, 2011 8:57pm
Quoting realjumper
It's good that you have put no one on ignore.....some people can do it that way, others (me) prefer to put people on ignore if I consider their posts distracting.

You're right, it does take confidence to trade, I don't agree that ego is required....quite the reverse actually, but to each their own.

There's no hatchet to bury man, the iggy list takes care of that for me!

But anyway.....as far as direction is concerned.....have to wait and see which way this breaks......I'm thinking it will likely hold station until NFP, but we shall see. Meantime...
Two wrong answers.
If you think you can have confidence without ego... You lose a point.

Meantime you are involved in a fight of Low Opportunity... ?

Get Back.
Step Back,
Kick Back & work on building your account to the point where such things occurr but have little effect.

No disrespect beeb. As a matter of fact I could have addressed this one to you.

I try, as much as I can, to Track how Others (You Guys) read the Market, but, most of the time I don't have time to do that.
TRIPWIRE.. HIT...
"Sulu..." Charts Up.

I run by myself. Others are welcome to follow. Blindly or by Study.

I search for the burr that says "Wait a minute. What about ... zyx?"

B

Cargo or Vouches? Actually: Both carry value to me.

I'll take Cargo. Without Cargo I suspect Vouch is by the wayside.

B
  • #9,587
  • Aug 31, 2011 9:00pm Aug 31, 2011 9:00pm
after hitting yesterdays 1st target of 1840 and closing like she wanted to continue to climb, today was non eventfull.
move down to 1810-12 area and up was noted.
silvers move down to just above weekly trend guide area 40.86 and bounce up is noted.
thur. bias is up from 1789 also keeping in mind weekly pivot 1798.
daily
1857
1789
1721
silvr thur. daily bias is up from 40.75-86
42.99
40.75
39.11
  • #9,588
  • Aug 31, 2011 9:05pm Aug 31, 2011 9:05pm
Quoting Bemac
Two wrong answers.
If you think you can have confidence without ego... You lose a point.

Meantime you are involved in a fight of Low Opportunity... ?

Get Back.
Step Back,
Kick Back & work on building your account to the point where such things occurr but have little effect.
.
No...there's no wrong answers.....it's a matter of opinion. Ego just gets in the way and prevents people seeing the obvious much of the time. I'm sure some people with massive ego's are excellent traders, in fact I know of one, but that is the exception rather than the rule.

Generally speaking, mister market smacks ego's down pretty smartly.

No....I'm not involved in a fight.....I stated my position and used my ignore list to clear the noise from the forum....

Have a nice day
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,589
  • Aug 31, 2011 9:08pm Aug 31, 2011 9:08pm
Quoting lilpip
after hitting yesterdays 1st target of 1840 and closing like she wanted to continue to climb, today was non eventfull.
move down to 1810-12 area and up was noted.
silvers move down to just above weekly trend guide area 40.86 and bounce up is noted.
thur. bias is up from 1789 also keeping in mind weekly pivot 1798.
daily
1857
1789
1721
silvr thur. daily bias is up from 40.75-86
42.99
40.75
39.11
Hey LP, just aother fence.
  • #9,590
  • Aug 31, 2011 9:10pm Aug 31, 2011 9:10pm
Quoting realjumper
No...there's no wrong answers.....it's a matter of opinion. Ego just gets in the way and prevents people seeing the obvious much of the time. I'm sure some people with massive ego's are excellent traders, in fact I know of one, but that is the exception rather than the rule.

Generally speaking, mister market smacks ego's down pretty smartly.

No....I'm not involved in a fight.....I stated my position and used my ignore list to clear the noise from the forum....

Have a nice day
I owe you this for I will not see your response.
"List"
  • #9,591
  • Aug 31, 2011 10:03pm Aug 31, 2011 10:03pm
keep gettin higher and higher supports, but consistent resistances.

what does it mean! I'm out for Chinese before Europe!
trading is my zen
  • #9,592
  • Aug 31, 2011 10:24pm Aug 31, 2011 10:24pm
Quoting ShirleyLo
keep gettin higher and higher supports, but consistent resistances.

what does it mean! I'm out for Chinese before Europe!
Does this help?
Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 196 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,593
  • Aug 31, 2011 10:58pm Aug 31, 2011 10:58pm
Quoting realjumper
Does this help?
thanks. a might 50 fibo first before upwards. I say 1810.
trading is my zen
  • #9,594
  • Aug 31, 2011 11:38pm Aug 31, 2011 11:38pm
Quoting realjumper
Look, the fact of the matter is that a post was made regarding the gold 'bubble'. This bubble is well documented and is well respected by people from senior analysts to retail traders.
You forgot the muppets on CNBC saying that gold is in a bubble. Hmm, how long have they been saying that? Since $600 as far as I can remember, so it must be true. If you call the TOP every time gold makes a new high, one day you will be right. Every muppet has his day.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #9,595
  • Aug 31, 2011 11:42pm Aug 31, 2011 11:42pm
Quoting LasVahGoose
You forgot the muppets on CNBC saying that gold is in a bubble. Hmm, how long have they been saying that? Since $600 as far as I can remember, so it must be true. If you call the TOP every time gold makes a new high, one day you will be right. Every muppet has his day.
very good point!
  • #9,596
  • Sep 1, 2011 12:24am Sep 1, 2011 12:24am
Quoting LasVahGoose
You forgot the muppets on CNBC saying that gold is in a bubble. Hmm, how long have they been saying that? Since $600 as far as I can remember, so it must be true. If you call the TOP every time gold makes a new high, one day you will be right. Every muppet has his day.
When did I call a top?......feel free to copy and paste where I said that.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,597
  • Sep 1, 2011 12:28am Sep 1, 2011 12:28am
Quoting LasVahGoose
You forgot the muppets on CNBC saying that gold is in a bubble. Hmm, how long have they been saying that? Since $600 as far as I can remember, so it must be true. If you call the TOP every time gold makes a new high, one day you will be right. Every muppet has his day.
they forget the word 'inflation' which just means everything is in a bubble.
trading is my zen
  • #9,598
  • Sep 1, 2011 12:35am Sep 1, 2011 12:35am
D1 chart it is.

1823-25 provides mid line.....looking for a break. above 1840 will just strengthen bull probability - yesterday it was breached before bouncing down back. be extra careful,

I might have S/L fixed on 1810
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trading is my zen
  • #9,599
  • Sep 1, 2011 1:22am Sep 1, 2011 1:22am
Based on this CNBC series I'd say we are about to leave the bear trap and enter "media attention". Personally, I'd never buy GLD or any paper instrument representing precious metals.
http://www.zerohedge.com/news/some-o...sit-glds-vault


.
http://politicalmetals.files.wordpre...ases.png?w=592
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #9,600
  • Sep 1, 2011 3:30am Sep 1, 2011 3:30am
Quoting LasVahGoose
Based on this CNBC series I'd say we are about to leave the bear trap and enter "media attention". Personally, I'd never buy GLD or any paper instrument representing precious metals.
http://www.zerohedge.com/news/some-o...sit-glds-vault


.
http://politicalmetals.files.wordpre...ases.png?w=592
Is that Soros' reflexivity theory? I'm reading the book about that at the moment
Anything can happen.
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