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

  • #10,281
  • Sep 19, 2011 12:19am Sep 19, 2011 12:19am
http://img847.imageshack.us/img847/4...3019092011.png

Here's XAU USD M30 chart. We did gap up but it's not a kind of gap that has a wow-factor to it. Surely gold won't jump a 100 dollars on that gap.

Also we did not break out of the bear channel. The PA looks stronger, however I'm not convinced. I adjusted a gameplan slightly, still prefer shorts below the highlighted area. Adjusted initial TP on shorts.

Still I see we can resolve higher if we can crack 1830. Then I'd look for a target of 1856-1860.

Beeb I do not agree nor disagree with you. I do appreciate that you actually post nice and clean charts for sure. The deal is that clean charts are good, but what's the gameplan then? What setup are you looking to take and why? That's only thing I want to find out, that's all.
  • #10,282
  • Sep 19, 2011 12:19am Sep 19, 2011 12:19am
Quoting whatfx
WARNING

FOR THOSE OF YOU WHO ARE THINKING THAT GOLD IS STILL IN AN UPTREND, I HAVE NEWS FOR YOU.

MY OPINION IS GOLD HAS REACHED A PEAK AND THAT IT IS ON ITS WAY DOWN. DEFINATELY BY THE END OF THE YEAR YOU WILL SEE GOLD TURNING AROUND AND HEADING SOUTH. A MAJOR CHANGE OF DIRECTION. WHICH SHOULD CONTINUE FOR A LONG WHILE. I HAVE CONCLUDED THIS FOLLOWING SOME RESEARCH I DID RECENTLY. I JUST THOUGHT I SHARE IT WITH YOU GUYS.
XTrade,

What do you think about making a special section in post #1 where we can keep track of all the top callers for the record? It can be just from this thread or anywhere on FF. We'd put the persons name, date, and post link. I think it will be an interesting experiment to see who called what over the next few years. Maybe we can even make it historical by finding old posts of folks who called the top back when gold was 600, 1000, etc, etc.

Eventually someone will get it right and maybe we can all chip in a get them a gift card or a T-Shirt. Haha!
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #10,283
  • Sep 19, 2011 1:14am Sep 19, 2011 1:14am
Quoting ruffryders

Beeb I do not agree nor disagree with you. I do appreciate that you actually post nice and clean charts for sure. The deal is that clean charts are good, but what's the gameplan then? What setup are you looking to take and why? That's only thing I want to find out, that's all.

Thank you for your comments

You can probably discern my gameplan by my analysis above.....

beeb
  • #10,284
  • Sep 19, 2011 1:16am Sep 19, 2011 1:16am
Quoting LasVahGoose
XTrade,

What do you think about making a special section in post #1 where we can keep track of all the top callers for the record? It can be just from this thread or anywhere on FF. We'd put the persons name, date, and post link. I think it will be an interesting experiment to see who called what over the next few years. Maybe we can even make it historical by finding old posts of folks who called the top back when gold was 600, 1000, etc, etc.

Eventually someone will get it right and maybe we can all chip in a get them a gift card or...
i think it's a good idea
  • #10,285
  • Sep 19, 2011 1:23am Sep 19, 2011 1:23am
Quoting beeb
Thank you for your comments

You can probably discern my gameplan by my analysis above.....

beeb

And just so you know how I tend to trade other timeframes too, here's a GC 5 min fork....

beeb
Attached Image (click to enlarge)
Click to Enlarge Name: 5gc.jpg Size: 88 KB
  • #10,286
  • Sep 19, 2011 1:35am Sep 19, 2011 1:35am
LOL bruh, my 2 year old cousin can read better charts than you I guess. Anyways, stop researching when you are standing in front of a mirror...coz dude your on the opposite side.

Quoting whatfx
well done. but for some reason i doubt you actually took those trades....


WARNING

FOR THOSE OF YOU WHO ARE THINKING THAT GOLD IS STILL IN AN UPTREND, I HAVE NEWS FOR YOU.

[size=3]MY OPINION IS GOLD HAS REACHED A PEAK AND THAT IT IS ON ITS WAY DOWN. DEFINATELY BY THE END OF THE YEAR YOU WILL SEE GOLD TURNING AROUND AND HEADING SOUTH. A MAJOR CHANGE OF DIRECTION. WHICH SHOULD CONTINUE FOR A LONG WHILE. I HAVE CONCLUDED THIS FOLLOWING SOME RESEARCH I DID RECENTLY....
Trends I Love Finding
  • #10,287
  • Sep 19, 2011 1:42am Sep 19, 2011 1:42am
Hello guys. What is your method to trade gold?
I will show mine : Green is buy and orange is TP
Attached Image (click to enlarge)
Click to Enlarge Name: Gold trade.jpg Size: 111 KB
  • #10,288
  • Sep 19, 2011 1:59am Sep 19, 2011 1:59am
Quoting Ravissek
Hello guys. What is your method to trade gold?
I will show mine : Green is buy and orange is TP
Could you please post your indicators with Template?
Trading by EA
  • #10,289
  • Sep 19, 2011 2:04am Sep 19, 2011 2:04am
http://upic.me/i/lw/19-9-255414-01-09.png
  • #10,290
  • Sep 19, 2011 2:13am Sep 19, 2011 2:13am
Hi fellas,here is my market comment about gold possible setup
Attached Image (click to enlarge)
Click to Enlarge Name: gold m30.gif Size: 23 KB
  • #10,291
  • Sep 19, 2011 3:10am Sep 19, 2011 3:10am
Does anyone else notice this? Im seeing a bullish pennant on both gold and silver.
Attached Image (click to enlarge)
Click to Enlarge Name: pennant.gif Size: 27 KB
Have I got something on my face, SOLDIER?
  • #10,292
  • Sep 19, 2011 3:23am Sep 19, 2011 3:23am
Quoting bumapatria
Does anyone else notice this? Im seeing a bullish pennant on both gold and silver.
http://img823.imageshack.us/img823/2...owertopm30.png

Not really. It's more like tower top on M30 near WP. Price is range bound for now. However once 1807-1809 is taken out, we will drop to 1750. Alternatively PA can clearn 1828-1830 and this will result in gold going to 1860.
  • #10,293
  • Sep 19, 2011 3:29am Sep 19, 2011 3:29am
Quoting ruffryders
http://img823.imageshack.us/img823/2...owertopm30.png

Not really. It's more like tower top on M30 near WP. Price is range bound for now. However once 1807-1809 is taken out, we will drop to 1750. Alternatively PA can clearn 1828-1830 and this will result in gold going to 1860.
True... Silver btw broke through. My pending sell trigered. so did gold! so my prediction false....
But good, thats why i have pending orders on both side of trades. One triggered, most of time profit
Have I got something on my face, SOLDIER?
  • #10,294
  • Edited 3:42am Sep 19, 2011 3:41am | Edited 3:42am
Quoting bumapatria
Does anyone else notice this? Im seeing a bullish pennant on both gold and silver.
Hi Mate
I am a newbie
Be cautous at this level
  • #10,295
  • Sep 19, 2011 4:10am Sep 19, 2011 4:10am
Quoting Nguyenngoctu
Hi Mate
I am a newbie
Be cautous at this level
Yeah.

Thanks
Have I got something on my face, SOLDIER?
  • #10,296
  • Sep 19, 2011 4:19am Sep 19, 2011 4:19am
1H bearish trend line already hit
what do you think guys?
Attached Image (click to enlarge)
Click to Enlarge Name: bear trendline.gif Size: 37 KB
  • #10,297
  • Sep 19, 2011 4:25am Sep 19, 2011 4:25am
Quoting theredzonez
1H bearish trend line already hit
what do you think guys?
wait for
Quote
1807-1809 is taken out, we will drop to 1750.
  • #10,298
  • Sep 19, 2011 5:35am Sep 19, 2011 5:35am
Update of GC 5 min fork shown earlier...

beeb
Attached Image (click to enlarge)
Click to Enlarge Name: gc5.jpg Size: 94 KB
  • #10,299
  • Sep 19, 2011 6:37am Sep 19, 2011 6:37am
Quoting Tilf
LOL bruh, my 2 year old cousin can read better charts than you I guess. Anyways, stop researching when you are standing in front of a mirror...coz dude your on the opposite side.


wow. all these naive comments from i guess cowboy traders. if your 2 year old cousin can read better charts than me then i guess your cousin tells you when to trade from the charts, and i guess you are a millionnaire by now right ?


oh, how i wish i was as good as your 2 year old cousin. people suffer and fail in forex miserably even the experienced traders do. and here you are saying it is so easy that your 2 year old cousin can read better charts than me, me a trader who has made tons of pips on gold.

well that says all about you as a trader doesnt it ? you obviously think trading is a game and pretty easy. i guess you are in the 95% that will eventually fail in trading. who knows.


gold is due for a turn around down south pretty soon. towards the end of the year maybe. slight chance even now.

when that does happen, you and others who are laughing can come back here and let me know your thoughts.
  • #10,300
  • Sep 19, 2011 6:50am Sep 19, 2011 6:50am
Central Banks Net Buyers of Gold for 1st Time in 20 Years

http://www.cnbc.com/id/44574537
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