XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 541 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #10,801
  • Sep 23, 2011 6:26am Sep 23, 2011 6:26am
Quoting jimobiwan
Just now it fell to DL of 1698.6 - where do you think the stop losses are set? What do you think is the line in the sand?
I usually see them push it to about 20-25 pips either side of the pivot/round number on FX pairs. I think in this case 1680-1675 would be my target if I was going for stops below 1700. Wouldn't suprise me if they pushed it down further.

If I was long with a stop below 1700 I would probably have it at around 1680ish
Anything can happen.
  • #10,802
  • Sep 23, 2011 6:29am Sep 23, 2011 6:29am
Quoting 7bit
This chart is from 2 weeks ago. Frustrated "investors" have put me on ignore in this thread for posting opinions like this. This means that I am right. We have now reached the dotted median line which is also previous support, expect some support and some bouncing here for a few weeks but don't expect this to be the bottom.

I would not open longterm long positions before it has hit $20 again.
Attachment


aahh.....at last someone with some intelligence !

you should be here more often. we need members like you.

sonicdeejay...... nice to see you here also.

iam off....finally !
  • #10,803
  • Sep 23, 2011 6:32am Sep 23, 2011 6:32am
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.
yeah unusual.....apparently it was caused by people cashing out for dollars.....the demand on dollars pushed the gold price down.
Life's a bitch....so be a dog and cover it!
  • #10,804
  • Sep 23, 2011 6:35am Sep 23, 2011 6:35am
Quoting whatfx
iam out of my 2nd short at +6 pips. need to go now.

didnt want to leave the position open while iam out. the way the market is behaving best to stay out of trades.

so, all in all + 16 pips made in the last hour. earlier i had lost around 7 pips on my long which i had closed out manually (opened at 1742).

so , the total for today = 16 - 7 = + 9 pips.

hardly anything worth being happy about !

but there is always monday. expect for gold to rise up on monday hopefully catching some good pips on the way.....and recovering my losses from yesterday....


mistake made in my calculation above. the total pips were actually:


(14 + 6) - 7 = + 13 pips for today.


thats a bit better.


feel a bit happier. definately off now !
  • #10,805
  • Sep 23, 2011 6:36am Sep 23, 2011 6:36am
here still waiting for 1650 to get back in
  • #10,806
  • Sep 23, 2011 6:37am Sep 23, 2011 6:37am
Quoting ddinnov
I usually see them push it to about 20-25 pips either side of the pivot/round number on FX pairs. I think in this case 1680-1675 would be my target if I was going for stops below 1700. Wouldn't suprise me if they pushed it down further.

If I was long with a stop below 1700 I would probably have it at around 1680ish
Hi DDinnov, thanks for that. looks like going through soon.
I have no enemy; I make Incautiousness my Enemy.
  • #10,807
  • Sep 23, 2011 6:39am Sep 23, 2011 6:39am
Quoting whatfx
aahh.....at last someone with some intelligence !

you should be here more often. we need members like you.

sonicdeejay...... nice to see you here also.

iam off....finally !
Interesting chart....I am buying silver physically now....coz the dodd/frank bill killed it in the forex pairs for me....the same swings in gold are far more profitable on mt4.
Life's a bitch....so be a dog and cover it!
  • #10,808
  • Sep 23, 2011 6:42am Sep 23, 2011 6:42am
Quoting jimobiwan
Just now it fell to DL of 1698.6 - where do you think the stop losses are set? What do you think is the line in the sand?

it fell even further and bulls stop loss orders are beining cleared now!
I have no idea where it stops, but some hedge funds use “stop loss hunting” techniques, so sometimes our positions are closed only to see it comes back an hour later !!!!
Read Charts - Not Papers
  • #10,809
  • Sep 23, 2011 6:57am Sep 23, 2011 6:57am
61.8% fib retrace is 1650.9 (H:1923.2 L:1480.5)

That would give a DR of 105

DOnt think it will go that far.
I have no enemy; I make Incautiousness my Enemy.
  • #10,810
  • Sep 23, 2011 6:58am Sep 23, 2011 6:58am
Quoting jimobiwan
Hi DDinnov, thanks for that. looks like going through soon.
No worries. Please don't take it as anything concrete it's just based on where I would put my stop if I was long and what I've seen of stop hunting around psychological round numbers. It could just keep trucking down in strong bear mode...

I ain't buying till the daily/4h shows big strong green bars. Sure I'll miss the beginning of the move but I'd rather that than try and pick the bottom and be wrong.
Anything can happen.
  • #10,811
  • Sep 23, 2011 7:14am Sep 23, 2011 7:14am
Quoting ddinnov
No worries. Please don't take it as anything concrete it's just based on where I would put my stop if I was long and what I've seen of stop hunting around psychological round numbers. It could just keep trucking down in strong bear mode...

I ain't buying till the daily/4h shows big strong green bars. Sure I'll miss the beginning of the move but I'd rather that than try and pick the bottom and be wrong.
on my chart 4H the PA would have to overcome 1743.9. Is that what you mean?
I have no enemy; I make Incautiousness my Enemy.
  • #10,812
  • Sep 23, 2011 7:18am Sep 23, 2011 7:18am
Quoting jimobiwan
on my chart 4H the PA would have to overcome 1743.9. Is that what you mean?
Yeah in a sense, I'd want to see decisive looking bullish price action, large bars/candles with strong closes on the right side of whatever pivot levels are in play
Anything can happen.
  • #10,813
  • Sep 23, 2011 7:28am Sep 23, 2011 7:28am
Quoting halkins
Hi Traders

I am looking for LONG position on XAUUSD at around 1700 zone
The congestion of two Fibbonacci levels, Fibonacci extension levels, strong previous support/resistance area and also psych-level make me want to go for that.
So I am waiting till price hits my “entry zone” area and holds it s level to go long…
Nice 3% to grab if scenario fulfils…
Does anybody think the same way???


Attachment ...

fibs are my favorite....and have been proved to be the most accurate.
the fibo pivot support 3 is at about 1683.....I would be waiting for a a bounce off of the 1683.....and use a fibo retracement to 23.6....for a tight scalp.
the s&p500 passed below 1120 after hitting it 6 times and bouncing this year....52 weeks of profits have been wiped out....normally that would be good for gold n silver....but the demand for cash dollars has pushed gold n silver down.....so it is a weird market right now....I would be cautious.
Life's a bitch....so be a dog and cover it!
  • #10,814
  • Sep 23, 2011 7:46am Sep 23, 2011 7:46am
I'm looking for NY to push up above 1700 for another short entry - a stop hunt to about 1710/20ish followed by a run down to 1780 and maybe 1750 would be a nice end to the week. Probably won't happen though..

reading around some of the other threads this Greek default and weekend meeting etc to me means that technicals/PA might not make much sense while panic is in control..
Anything can happen.
  • #10,815
  • Sep 23, 2011 7:47am Sep 23, 2011 7:47am
Quoting jimobiwan
61.8% fib retrace is 1650.9 (H:1923.2 L:1480.5)

That would give a DR of 105

DOnt think it will go that far.
1680 atm and it looks bearish
  • #10,816
  • Sep 23, 2011 8:05am Sep 23, 2011 8:05am
Quoting sonicdeejay
Silver get slaughtered left and right for these two day.. near 800 pips ..

Any reason??
Kinda new to this stuff..

Sonic
fear and greed, in reverse order in this case....
  • #10,817
  • Sep 23, 2011 8:10am Sep 23, 2011 8:10am
Quoting highlander2
fear and greed, in reverse order in this case....
What is puzzling some people is that gold and silver are supposed to be considered the safe haven in times of panic. That’s a reason there was so much buying over the past few months. So some think that with even more fear and uncertainty since the FOMC the price should have gone up. But that’s the market..take it as it comes.

I think, like someone answered me before, that what we’re seeing now is people liquidating their gold positions to free up capital because of their equity losses. I think we’ll see another leg up in Gold just due to the global economic landscape.
The Black Swan: The Impact of the Highly Improbable
  • #10,818
  • Sep 23, 2011 8:21am Sep 23, 2011 8:21am
Quoting MapleLeaf
What is puzzling some people is that gold and silver are supposed to be considered the safe haven in times of panic. That’s a reason there was so much buying over the past few months. So some think that with even more fear and uncertainty since the FOMC the price should have gone up. But that’s the market..take it as it comes.

I think, like someone answered me before, that what we’re seeing now is people liquidating their gold positions to free up capital because of their equity losses. I think we’ll see another leg up in Gold just due...
well it may be seen as safe by many, but i for one have never shared this view......
  • #10,819
  • Sep 23, 2011 8:24am Sep 23, 2011 8:24am
[quote=Doncex;4980723]NOt so fast down
gold up,up,up,waiting rally up today



Now what your chat says Doncex
  • #10,820
  • Sep 23, 2011 8:25am Sep 23, 2011 8:25am
Quoting highlander2
well it may be seen as safe by many, but i for one have never shared this view......
- I am happy for people to think this though if it helps me profit from it
26 traders viewing now