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

  • #10,481
  • Sep 21, 2011 1:56am Sep 21, 2011 1:56am
Quoting beeb
OK - wish you well but "a little knowledge is a dangerous thing"



beeb
I know.I will consult it with my account manager soon.
  • #10,482
  • Sep 21, 2011 2:01am Sep 21, 2011 2:01am
Quoting Ravissek
I know.I will consult it with my account manager soon.

Not knocking your efforts but remember there is always someone who is a bsd than you.....



beeb
  • #10,483
  • Sep 21, 2011 2:07am Sep 21, 2011 2:07am
Quoting Ravissek
Ok lets show it
Around 2490 pips.Count it.
Second picture is last week.Around 3500 pips in one day I close couple trades when scalping everyday
Hey and I forgot.730 pips today just when I eating breakfast
I must do so much pips because I trade only mini lots.Sometimes when I have opened 5trades at time I do 8k pips in day.
Rare to see ! rare to see !
  • #10,484
  • Sep 21, 2011 2:15am Sep 21, 2011 2:15am
http://upic.me/i/g8/21-9-255414-12-06.png

up up up to 1836 1844 1856
  • #10,485
  • Sep 21, 2011 2:24am Sep 21, 2011 2:24am
Here's what I'm seeing GC 240 min

http://www.screencast.com/t/fCq945li

The rising green line is s/r going back to the July low and seems to be the line to beat one way or the other...

beeb
  • #10,486
  • Sep 21, 2011 2:39am Sep 21, 2011 2:39am
Quoting redbull
http://upic.me/i/g8/21-9-255414-12-06.png

up up up to 1836 1844 1856
down,down,down gold price kissing strong resistance level

95 % that price will go down

reason junior member comments
Attached Image (click to enlarge)
Click to Enlarge Name: gold ff.gif Size: 27 KB
  • #10,487
  • Sep 21, 2011 2:41am Sep 21, 2011 2:41am
http://img4.imageshack.us/img4/9139/...h121092011.png

Let's review this H1 XAUUSD chart, I think it's important that we do so. On H1 we can see PA setting up for a triangle breakout. Now the question is which way if any it's going to breakout?

1) We see a sequence of LL HL HL - which is bullish
2) Green reversal stick @ Monthly Pivot - bullish signal
3) I've put important res lines on the chart. They are: 1815, 1825, 1843.

Overall result of analysis: Setup currently looks bullish, however I'd wait for confirmation of the last HL @ 1798 that it holds (price needs to stay above) and WP getting cleared with a green M30 candle before going LONG.

The best entry if you are targeting 1850, is to wait for Price Action to break WP @ 1815 go to say 1821-22 and then retest WP @ 1815 (pullback) - that's when you look to enter LONG (ideally!).

Let's keep a close eye on gold anyhow.

http://img26.imageshack.us/img26/682...0210920112.png

Why not short sell XAU USD? Cause it's in indecision zone and also @ WP right now. And you don't enter when PA is stuck in the indecision zone. Outlook still remaind bullish. Im not saying it's cast in stone, but PA looks strong.
  • #10,488
  • Sep 21, 2011 2:50am Sep 21, 2011 2:50am
Nice analysis ruffryders

Bear in mind FOMC today

beeb
  • #10,489
  • Sep 21, 2011 2:52am Sep 21, 2011 2:52am
Quoting beeb
Nice analysis ruffryders

Bear in mind FOMC today

beeb
sure thing, still the charts tell a story of their own. Here' USDX D1.
PA tried to crack through a number of times. I think now is about time it gives up!

http://img101.imageshack.us/img101/1...fx21092011.png
  • #10,490
  • Sep 21, 2011 3:23am Sep 21, 2011 3:23am
Quoting GoldenDude
im going long with physical for months now

but im also thinking that tomorrow QE3 (or any kind of easing) will be announced

so i placed a short position at 1776 hoping for news tomorrow and a decent gain

my 2 pips
I still have this open hoping QE3 will be announced today (I think it will)
  • #10,491
  • Sep 21, 2011 3:26am Sep 21, 2011 3:26am
Quoting GoldenDude
I still have this open hoping QE3 will be announced today (I think it will)
i dont quite understand what you're saying. could you explain? you have a short position from 1776? then you said you hope qe3 comes out and there will be gains in gold?
  • #10,492
  • Sep 21, 2011 3:36am Sep 21, 2011 3:36am
My fondness for line charts continue lol. Candle sticks on the daily look really ugly at the moment. A clear pennant formation is detected on the daily line chart.

We had a false break earlier yesterday but with very low volumes. Usually I would wait a second day before believing a break out. False on the downside could mean a strong upside move very soon. Price did consolidate in price and time.

The triangles mode is 1824.5 (the most repeated number in the series). Upside today would mean that Gold could be going back to 1824.50 mode atleast.

This triangle targets 2050-2100 area by October end-mid November.

Been long under 1800 with stop at the recent low.
Attached Image
Trends I Love Finding
  • #10,493
  • Edited 4:25am Sep 21, 2011 4:02am | Edited 4:25am
will ny decide to 2nd the motion as it decides direction from pivots ?
wed.daily
1845
1803
1762
wed.slvr
41.16
39.99
38.82
weekly trend guide is 1830.
  • #10,494
  • Sep 21, 2011 4:06am Sep 21, 2011 4:06am
Quoting Schizoprenia
i dont quite understand what you're saying. could you explain? you have a short position from 1776? then you said you hope qe3 comes out and there will be gains in gold?
a buy position
if QE3 is announced, that means inflation due to crazy money printing, hence gold price will raise

is it better now?

EDIT: just to clarify that just the announcement should give it a boost
  • #10,495
  • Sep 21, 2011 4:14am Sep 21, 2011 4:14am
Quoting ruffryders
sure thing, still the charts tell a story of their own. Here' USDX D1.
PA tried to crack through a number of times.

http://img101.imageshack.us/img101/1...fx21092011.png
Myself , I dont use indicators but will try to learn her language and try to listen and understand what she is trying to say as you brought out.
with that in mind Im paying attention to what 1803 and 39.99 has to say.
  • #10,496
  • Edited 4:36am Sep 21, 2011 4:18am | Edited 4:36am
Quote
Myself , I dont use indicators but

There is no indicators here, just pure PA.

Indecision zone proves a tough nut to crack for gold, with M30 red stick followed straight away with a similar green stick, so my gameplan has not changed. PA still indicating further upside on gold.
  • #10,497
  • Edited 4:48am Sep 21, 2011 4:27am | Edited 4:48am
Quoting lilpip
will ny decide to 2nd the motion as it decides direction from pivots ?
wed.daily
1845
1803
1762
wed.slvr
41.16
39.99
38.82
weekly trend guide is 1830.
Her thoughts are noted on the daily.
Lets see if silver can stay on the north side of the stronger monthly trend guide 40.25 as gold has done with hers at 1757.
However, she would be spelling bulls a bit louder if we could get on the north side of 1830 and 40.81 as the bias is down from their looking at the weekly chart.
  • #10,498
  • Sep 21, 2011 5:44am Sep 21, 2011 5:44am
Quoting Ravissek
Ok lets show it
Around 2490 pips.Count it.
Second picture is last week.Around 3500 pips in one day I close couple trades when scalping everyday
Hey and I forgot.730 pips today just when I eating breakfast
I must do so much pips because I trade only mini lots.Sometimes when I have opened 5trades at time I do 8k pips in day.

sorry, i dont get this. i see only about 25 pips gained in the table you have attached. so not sure what you are saying.
perhaps you could illustrate your method so that we can understand, by giving some examples of trades and what you did, and indeed how you got to 3500 pips in one day !


  • #10,499
  • Sep 21, 2011 5:47am Sep 21, 2011 5:47am
Quoting Ravissek
Skill? what? I can play Call of duty all week and I look at my work on charts like once a day Its easy.You want make money? Open buy and w8
hehehe.....I used to run my own cod server.
Trade similarly.....my problem is my genitalia are disproportionately large in comparison to the rest of my anatomy....and invariably the draw downs bite me in the butt. I am learning to be patient and more conservative.
Life's a bitch....so be a dog and cover it!
  • #10,500
  • Sep 21, 2011 5:49am Sep 21, 2011 5:49am
nothing doing on gold at the moment fellas. iam holding back for the time being. need some more movement and a definate upor down move before entering any trades.

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