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

  • #9,601
  • Sep 1, 2011 5:56am Sep 1, 2011 5:56am
I believe with the dynamics of time moving forward with the new month of sept. we will get moving.
One things for certain for me is if she has a breakout of 1936, a weekly close above it and monday close above confirming, It is a 3 year pattern I have not seen before and Id have to say shes gone parabolic.
Otherwise Id say we would be moving south at least till the last quarter.
Ive read the term parabolic being used in articles but what has occured with gold and silver the last couple years are anticipated patterns at least from my angle.
  • #9,602
  • Sep 1, 2011 6:57am Sep 1, 2011 6:57am
Quoting LasVahGoose
You forgot the muppets on CNBC saying that gold is in a bubble.....
For every CNBC idiot saying sell, sell, sell it's a bubble there are three others saying buy, buy, buy the world financial system is imploding.

I'll just let price decide.
  • #9,603
  • Sep 1, 2011 9:38am Sep 1, 2011 9:38am
Anyone in silver? I got stopped out and just re-entered at 41.37 - looking for about 42~ish
Anything can happen.
  • #9,604
  • Sep 1, 2011 9:39am Sep 1, 2011 9:39am
Boring. ..... Price has not moved much at all. Calm before a storm maybe.....

Better than expected US unemployment I believe I heard. Have to run out.

Still long Aussie and Kiwi.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,605
  • Sep 1, 2011 9:40am Sep 1, 2011 9:40am
Great point - well put ST!
Quoting SunTrader
For every CNBC idiot saying sell, sell, sell it's a bubble there are three others saying buy, buy, buy the world financial system is imploding.

I'll just let price decide.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,606
  • Sep 1, 2011 9:44am Sep 1, 2011 9:44am
Not bad if you enjoy scalping in a 5 to 10 dollar range.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,607
  • Sep 1, 2011 9:50am Sep 1, 2011 9:50am
Price desperately trying to break H1 100SMA (which, by the way, coincides with H4 30SMA).

Daily chart shows that price usually retreats to 100SMA for some lift. Weekly shows lift occurring at 30SMA.

D1 100SMA currently at 1633, W1 30SMA at 1570.
61.8 Fib (drawn from 1911 to 1702) was reached, so if the price starts dropping now, it should, in theory, hit -38.2 (which is at ~1625).
And then the gap at ~1660... Everything here is pointing at 1600-1650.

I don't know if any of these are applicable to gold right now, as I can't really find this steep uptrend anywhere on any chart.

I would like to hear what you guys think of this. I guess I'm just desperate trying to find where the gold will go, this consolidation is... cracking my head. Don't really like trading anything else so I'm a bit passive atm.
  • #9,608
  • Sep 1, 2011 9:51am Sep 1, 2011 9:51am
Quoting ddinnov
Anyone in silver? I got stopped out and just re-entered at 41.37 - looking for about 42~ish
Be careful with silver, it may drop soon..
  • #9,609
  • Sep 1, 2011 10:13am Sep 1, 2011 10:13am
Quoting Icosahedron
Price desperately trying to break H1 100SMA (which, by the way, coincides with H4 30SMA).

Daily chart shows that price usually retreats to 100SMA for some lift. Weekly shows lift occurring at 30SMA.

D1 100SMA currently at 1633, W1 30SMA at 1570.
61.8 Fib (drawn from 1911 to 1702) was reached, so if the price starts dropping now, it should, in theory, hit -38.2 (which is at ~1625).
And then the gap at ~1660... Everything here is pointing at 1600-1650.

I don't know if any of these are applicable to gold right now, as I can't really find this...
---------------

Yes, see my post at 9705 - the fractals resemble MAR06
I have no enemy; I make Incautiousness my Enemy.
  • #9,610
  • Sep 1, 2011 10:17am Sep 1, 2011 10:17am
The dollar has strength today containing upside for gold/silver. What happens later or tomorrow might be another story.
  • #9,611
  • Sep 1, 2011 10:26am Sep 1, 2011 10:26am
Quoting tunera
Be careful with silver, it may drop soon..
Thanks mate - stop @ BE
Anything can happen.
  • #9,612
  • Sep 1, 2011 11:11am Sep 1, 2011 11:11am
Quoting SunTrader
I'll just let price decide.
Yep, at the end of the day that is the bottom line. The instrument is volatile enough you can make money both directions, but the most with the major trend. I think it's just a some 'fun on the side' to try and guess where we are in the cycle.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #9,613
  • Edited 1:07pm Sep 1, 2011 12:56pm | Edited 1:07pm
I'm sick and tired of the inchworms that abound on this website. I am too busy to respond to their pathetic barbs and so have decided to take my leave. No doubt some will feel pleased or vindicated - claiming that I can't take the heat or some other bull. A maxim I have tried to follow is "Don't argue with idiots - they try to bring you down to their level, then beat you with experience...."

I wanted to try and give something back to people who were finding their feet in the market and I hope to some degree I have done so. If I have opened your eyes to the uses of forks and you wish to look into it further I suggest you check out:

www.coghlancapital.com

I have no financial connection to the site - I just consider it to be the best resource.

There is also a metals site there which might give some doubters an idea of the kind of money being made.....

I wish the majority of you well and good trading.....



beeb
  • #9,614
  • Sep 1, 2011 1:24pm Sep 1, 2011 1:24pm
Quoting beeb
i'm sick and tired of the inchworms that abound on this website. I am too busy to respond to their pathetic barbs and so have decided to take my leave. No doubt some will feel pleased or vindicated - claiming that i can't take the heat or some other bull. A maxim i have tried to follow is "don't argue with idiots - they try to bring you down to their level, then beat you with experience...."

i wanted to try and give something back to people who were finding their feet in the market and i hope to some degree i have done so. If i have opened...
do you wanna leave here ?
Oh, no . Please
you are an admirable man to me . Pls stay here
  • #9,615
  • Sep 1, 2011 1:49pm Sep 1, 2011 1:49pm
Daily bars are compressing waiting for a trigger.

Yesterday was an inside day and today is (so far) within yesterday's range.
  • #9,616
  • Sep 1, 2011 7:50pm Sep 1, 2011 7:50pm
Quoting beeb
I'm sick and tired of the inchworms that abound on this website. I am too busy to respond to their pathetic barbs and so have decided to take my leave. No doubt some will feel pleased or vindicated - claiming that I can't take the heat or some other bull. A maxim I have tried to follow is "Don't argue with idiots - they try to bring you down to their level, then beat you with experience...."

I wanted to try and give something back to people who were finding their feet in the market and I hope to some degree I have done so. If I have opened your...
some in this thread tried to take the middle ground in order to prevent this thread from being a flame war. but that doesn't mean they weren't on your side. they just had to do that to simply save this thread, be an example to lurkers, and to get on with the discussion. however, not all of them were successful in doing this (even the guy who called you wingman). this just says a lot about the character real jumper. he actually made an enemy with a lot of the people in this thread.

fact of the matter is this conflict STARTED when real jumper ATTACKED beeb, PERSONALLY (post 9630). imho opinion such a thing should not be tolerated. always keep it in gold discussions. what's sad is that real jumper gets away with it without a scratch. i know i am just new here, but where do we draw the line? sooner or later a lot of valuable contributers to this thread might decide to leave if this persists. i am learning a lot here and i dont want anyone to leave
  • #9,617
  • Sep 1, 2011 8:26pm Sep 1, 2011 8:26pm
"beebro. "
finished.
done.
'nough said.
B
  • #9,618
  • Sep 1, 2011 8:57pm Sep 1, 2011 8:57pm
Quoting patguchi
some in this thread tried to take the middle ground in order to prevent this thread from being a flame war. but that doesn't mean they weren't on your side. they just had to do that to simply save this thread, be an example to lurkers, and to get on with the discussion. however, not all of them were successful in doing this (even the guy who called you wingman). this just says a lot about the character real jumper. he actually made an enemy with a lot of the people in this thread.
Do you speak for everyone on this thread? No? Thought not. Have you seen my PM folder? No?........so stop talking about things you know nothing about.

This was never about taking 'sides'......that's what children do. This was about one poster who thinks he knows everything, and will argue the point with anyone with disagrees with him. It's really petty because the whole thing started over whether or not gold is currently in a bubble. Most people I have read about and spoken to seem to think that it is......Beep thinks that it isn't. That's fair enough, that's his opinion. When another poster pointed out *his own* reasons why *he* thinks gold is in a bubble....mister know-it-all beep had to argue the point.....again.

What happened to "I don't agree with your opinion but that's for sharing it?" Who does he think he is to try to smack down another posters opinion? He does it all the time....just look at his posts.

Quoting patguchi
fact of the matter is this conflict STARTED when real jumper ATTACKED beeb, PERSONALLY (post 9630). imho opinion such a thing should not be tolerated. always keep it in gold discussions. what's sad is that real jumper gets away with it without a scratch. i know i am just new here, but where do we draw the line? sooner or later a lot of valuable contributers to this thread might decide to leave if this persists. i am learning a lot here and i dont want anyone to leave
Get your facts straight....there was no "ATTACK"......read back and you will see that.

All of you people jumped in to defend this guy, but he has not done so himself. Ever wonder why?

I'm sorry that all these muppets jumped on the bandwagon of beep, I would have thought that given ALL of his experience that he gloats about, he would be able to defend himself quite well, with facts and logic.....but it seems not......

The bottom line is this......and you should understand this if you want to get ahead in this business..... You will never learn to trade if you are just going to hang off the words of other people. It doesn't matter who the people are and it doesn't matter how many 'vouches' the have....it all means nothing. You formulate your trading plan and you trade it. The moment you let 'big fish in a little pond' influence your trading, you will fail....and worse, you will not know why you failed.

You have to trade for you.

Yes, there is a lot of information here to learn from, but there is also a hell of a lot more mis-information to put you wrong and to totally confuse you and hold back your learning curve. People who defend, defend, defend their stance set alarm bells ringing in my head, because above all else in this business, you must remain flexible......you must put ego aside and admit that you were wrong, and to reverse your position. The market will not take prisoners.

The best advice I can give is to study the charts.....most of what you will read in ForexFactory is rubbish.......but there are some true gems to be found. Most of the people you come across here will be losers.....remember, 98% of traders are losers. Study, study, study the charts.......the charts hold the key. It takes a long, long time and a lot of chart studying before the pieces of the puzzle start falling into place......anyone who thinks this is easy is dreaming!

Study the charts, learn from the market, but remain flexible and open to all options...including the option to be wrong and to reverse or close a trade.

You will never see be tell you what's going to happen in the market, because I don't know.......I will tell you what I think might happen, and it will be supported with charts and reasons, but I reserve the right to be wrong at any moment and to admit that I was wrong.

The market will absolutely spank egotists.

Trade well
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,619
  • Sep 1, 2011 9:19pm Sep 1, 2011 9:19pm
Quoting beeb
I'm sick and tired of the inchworms that abound on this website. I am too busy to respond to their pathetic barbs and so have decided to take my leave. No doubt some will feel pleased or vindicated - claiming that I can't take the heat or some other bull. A maxim I have tried to follow is "Don't argue with idiots - they try to bring you down to their level, then beat you with experience...."

I wanted to try and give something back to people who were finding their feet in the market and I hope to some degree I have done so. If I have opened your...
have you tried this coghlan capital? costs 500USD/month, I'd like to know some testimonials!

cant stop u if u decide to go, although id be waiting for your charts if one day u'll want to post again.

...or you can always create a new thread and ban everyone you want to ban
trading is my zen
  • #9,620
  • Sep 1, 2011 9:34pm Sep 1, 2011 9:34pm
Quoting realjumper
Do you speak for everyone on this thread? No? Thought not. Have you seen my PM folder? No?........so stop talking about things you know nothing about.

This was never about taking 'sides'......that's what children do. This was about one poster who thinks he knows everything, and will argue the point with anyone with disagrees with him. It's really petty because the whole thing started over whether or not gold is currently in a bubble. Most people I have read about and spoken to seem to think that it is......Beep thinks that it isn't. That's fair...
Hi realjumper,

I gotta give it to ya to be that honest.

I actually have learnt A LOT from this particular thread, it's been giving me nice profits in the last few months too (that paid my overseas trip!)

HOWEVER - about gold in a bubble...I can't take sides and I don't really care. Simply put..if you have TIGHT stops and NOT-SO-GREEDY t/p, follow the TREND, you can't lose or at least you know when to stop, regardless this metal be in a bubble or no bubble.

I know, I know gold will cost like a gazillion dollars every ounce one day, and that silver may follow that......but who cares if you can make about $800-$1k / day from swinging both ways? and your cut losses are fixed on $200/day ?

you'll probably get triple that gazillion dollars by the time gold reaches that price. Exactly.


I gotta agree that you can't ALWAYS get people to agree with everything you do. You can't DEPEND on everyone else better than you (vouches? I have none! bless me if I may earn more than ones with 10+ vouces! ).

Develop your strategy, ONLY take advice, and never ever take sh** from anyone but yourself.
trading is my zen
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