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

  • #10,761
  • Sep 22, 2011 8:16pm Sep 22, 2011 8:16pm
Quoting bumapatria
...dude. the rules of this thread is to post reasoning along with your actions. aka you need to explain. not being a boss here while x is gone, but just post some reasonable explanation. maybe a chart.

hi

there are various reasons, i cannot state all of them. mainly my charts are telling me to buy to be honest. (but charts can sometimes be wrong !).

i think some of the reasons are quite obvious to all. i.e. major support hit, market has moved so many pips down has to recover some of it. but the main key to go long was that a significant trend line was hit (on my chart), and price bounced of it to the upside. that is a very strong signal for me. to go long.

now, if the price subsequently cuts below the trendline and goes down, then i will have to reverse to a short. this trend line is massive for me, very powerful indeed.

i have staked slightly more than double the usual amount on this trade. so that i can recover my earlier losses quickly. it is already at + 10 pips up i think. i just need 5 more pips then i would have recovered the losses i had made earlier, and made a few pips on top as well. fingers crossed.


iam off now.

sorry, but i cannot load charts on this laptop.

good luck to all....
  • #10,762
  • Sep 22, 2011 8:26pm Sep 22, 2011 8:26pm
Quoting Bemac
ill set tp at ur level -10-20 cents for safety: WRONG:
You Trade You. Not Me. If I post someting that makes sense to you then put it in your quiver But Never blindly follow me.
Geez guys. I can open a new thread that says "Yellow Brick Road"
Meanwhile, off in the wing I hear.. "Toto, We're not in Kansas anymore."

Are we playing Reload Video or learning how to Add Cargo?

B
Meanwhile: Until I recieve New Evidence... I Might be a Bear to Mid 1,6xxx's

btw. This is the Wrong Long Exit I was thinking about.
  • #10,763
  • Sep 22, 2011 8:28pm Sep 22, 2011 8:28pm
Quoting SunTrader
Central bankers the world over are notorious for getting timing wrong on both purchases and sales.
Thanks for the info sun

And Guys break up lol . X i think u need to ignore (all the i m best pepz) and move on mate its better people don't argue here the ratios of good posts vs shit is increasing everyday lol.

BTW I am Long @ 1790 @ 1750 My reasons are simple first of all i am not a magician to cath exact low , second there are big supports from 1680 to 1720 third I have money to see 1630 ( i will arrange more if needed ) lastly all technicals are very much over sold for gold so i took positions early .
As i missed the last rally coz i was stiff on my buying target of 1460 .
Target is close to 2000 .
  • #10,764
  • Sep 22, 2011 8:40pm Sep 22, 2011 8:40pm
OK back to business.

Gold is testing 1750 - this is an important test.

30 bucks off lows, with a high in the 54s
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10,765
  • Sep 22, 2011 8:43pm Sep 22, 2011 8:43pm
By the Way this is GOOD ADVICE. Take heed!

Quoting Bemac
ill set tp at ur level -10-20 cents for safety: WRONG:
You Trade You. Not Me. If I post someting that makes sense to you then put it in your quiver But Never blindly follow me.
Geez guys. I can open a new thread that says "Yellow Brick Road"
Meanwhile, off in the wing I hear.. "Toto, We're not in Kansas anymore."

Are we playing Reload Video or learning how to Add Cargo?

B
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10,766
  • Sep 22, 2011 8:45pm Sep 22, 2011 8:45pm
just before i go, i thought i let you guys know that i have put ''Tilf'' on my ignore list !
  • #10,767
  • Sep 22, 2011 9:23pm Sep 22, 2011 9:23pm
Bought my warning before appx 1722 sold 1732

bought back 1733. Scalping so far, yet just saw a video on some US BANKS
getting their debt grades Lowered as well as other problems the FED forgot to mention.

It may be time to start looking for positions.

I have orders set for lower ie: 1655 / 1685 / 1705 each rounded up to the five to try and help filling if I am not in front of the screen.

And I am in now,
don't get me wrong, I will cut my scalp at .25 cents profit and look to the next support to buy,

on the sell side I will only sell below 17 to look for a test of 1680.

Things are likely going to change SOON for the P of G.
let me see if I can find this video online...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10,768
  • Sep 22, 2011 9:31pm Sep 22, 2011 9:31pm
By posting this you are being a wise ass and provoking a fight or argument with another member. No one needs to know. If you have problems with someone.
Work them out NOT on the thread.

And - do not provoke or instigate fighting here I am so sick of this shit.

Now I am here to see it.

Warning ONE and TWO

Quoting whatfx
just before i go, i thought i let you guys know that i have put ''Tilf'' on my ignore list !
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10,769
  • Sep 22, 2011 9:40pm Sep 22, 2011 9:40pm
I would wait for 1700. Wanna see a stop hunt there.

Quoting Bemac
Yeah. So what do you foresee from here?
ps. I'm not going to your blog. Tel me here or tell me to ...Off

Post it or Don't Post.

B
  • #10,770
  • Sep 22, 2011 10:04pm Sep 22, 2011 10:04pm
Just until a few weeks ago, when all markets went down, GOLD was going up.

Today it changed.. Markets were all in red, but gold went also south. Strange.
The Black Swan: The Impact of the Highly Improbable
  • #10,771
  • Sep 22, 2011 10:52pm Sep 22, 2011 10:52pm
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
I'm seeing more and more media attention to buy gold. I just saw a tweet from Suze Orman telling people they should start buying gold and have it be 10-15% of their portfolio after spending a decade telling people not to buy gold (accumulation phase).

More evidence we are entering Media Attention phase. This is just for fun, don't expect people to make trade decisions off this. Might see one last big sell off before the sheep start rushing in. This phase should take several years to get going strong, so lots of time.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #10,772
  • Sep 22, 2011 11:14pm Sep 22, 2011 11:14pm
Quoting MapleLeaf
Just until a few weeks ago, when all markets went down, GOLD was going up.

Today it changed.. Markets were all in red, but gold went also south. Strange.
Folks maybe liquidating their gold positions to cover their positions in other markets. I believe we saw this is 2008-2009 with the mass liquidation.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #10,773
  • Sep 23, 2011 12:12am Sep 23, 2011 12:12am
XAU
One more dip to 1730.71 is likely followed by a grind higher to 1777.68. After which it can resume its downtrend. Warning: Imminent end of bearish move. Elliott: resistance in an elongated correction 1759.16. Closing: 1740.38. Pivot: 1749.37.

XAG
Market should not go lower than 34.25. After this move down it should go up to 37.83 - 38.60 area. Warning: Imminent end of bearish move. Elliott: crucial reversal point 34.64. Closing: 35.87. Pivot: 37.05.
  • #10,774
  • Sep 23, 2011 12:21am Sep 23, 2011 12:21am
Quoting ruffryders
First target was met @ 37 and now expecting 33 soon time on silver.
http://img197.imageshack.us/img197/4...sd23092011.png

quick silver update. it's on the way to 33. first target reached @ 37, now below 36 and on the way to 33.

Also XAUUSD. Pop open D1 charts. How exactly does anyone establish 1730 as support? PA hasn't reached support yet and ready to go lower. Can we dive below 1700? Absolutely. H4 there are a bunch of greens, only to be swallowed by a tall red tower candle in the making right now. A retrace is all that is in my books anyway.

Yean PA got stuck for a sec @ 1720. reason being monthly mid pivot. After that is cleared next stop can be MS1 @ 1650.
  • #10,775
  • Sep 23, 2011 12:47am Sep 23, 2011 12:47am
Quoting KinG-Solomon
XAG
........ Elliott: crucial reversal point 34.64......
Can I ask where does this number come from?

And although I really don't follow XAG that closely I see $32/33 very likely.
  • #10,776
  • Sep 23, 2011 1:07am Sep 23, 2011 1:07am
The whole world is going dark.
  • #10,777
  • Sep 23, 2011 1:24am Sep 23, 2011 1:24am
Quoting ngr
The whole world is going dark.
NOt so fast down
gold up,up,up,waiting rally up today

my comment in pic about today possible long...
Attached Image (click to enlarge)
Click to Enlarge Name: gold,waiting long.gif Size: 23 KB
  • #10,778
  • Sep 23, 2011 2:24am Sep 23, 2011 2:24am
Quoting Bemac
Meanwhile: Until I recieve New Evidence... I Might be a Bear to Mid 1,6xxx's
me too
  • #10,779
  • Sep 23, 2011 2:27am Sep 23, 2011 2:27am
Quoting LasVahGoose
Folks maybe liquidating their gold positions to cover their positions in other markets. I believe we saw this is 2008-2009 with the mass liquidation.
this happens all the time
  • #10,780
  • Sep 23, 2011 2:33am Sep 23, 2011 2:33am
http://upic.me/i/f1/4ena1.png
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