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

  • #11,361
  • Sep 29, 2011 6:00pm Sep 29, 2011 6:00pm
My analysis currently expects an Ascending Range.
Trapped between the TL XTrade asked me to Plot & ICCE's Golden Diag.

Attached Image (click to enlarge)
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You have to understand that I'm more interested in 'The Market' than playing One Upmanship. Such a waste of Mental Energy...
BMc
  • #11,362
  • Sep 29, 2011 7:07pm Sep 29, 2011 7:07pm
Quoting Bemac
My analysis currently expects an Ascending Range.
Trapped between the TL XTrade asked me to Plot & ICCE's Golden Diag.

Attachment

You have to understand that I'm more interested in 'The Market' than playing One Upmanship. Such a waste of Mental Energy...
BMc
I would agree Bemac....should be time for the bulls.
Life's a bitch....so be a dog and cover it!
  • #11,363
  • Sep 29, 2011 8:06pm Sep 29, 2011 8:06pm
'should be time for the bulls' yeah, we are all hoping that ? but no bull signals yet. wait and see what happens tomorrow.

it was sooo painstakingly slow today that i got a headache.

i had entered a short at 1615 hoping for a 'quick' few pips scalp. but market went up. luckily by a few pips only.
had to wait a good few hours before it came down and went into profit. almost at the end of the day. and that too for a measley + 7 pips. so much for the 'quick scalp' i was hoping for. days like this really wind me up.

at the mo, gold is ranging. waiting for a breakout to either side. so get ready folks.
  • #11,364
  • Edited 8:47pm Sep 29, 2011 8:31pm | Edited 8:47pm
Quoting lilpip
bounce down from daily trendguide or pivot 1665 this weeks pivot is the 1730.Keep in mind monthly pivot is 1757 so from my angle 1730-60 area is a significant area to consider as one would watching pa and candle formations for direction.
thur. daily
1767
1642
1533
also will have my eyes open to 1677 and 1605 responses.
thur. daily silvr
34.62
31.86
26.05
Not much action seems to be waiting on the new monthly timeframe.
Did not quite make it to daily trend guide as she was short about 6 pips and stayed to the south.
fri. daily
1744
1633
1577
will be keeping an eye on 1671 response if she starts traiding on the north side of pivot 1633.
silver daily
33.93
31.06
29.49
will be watching how 31.71 responds if trading above daily pivot 31.06.
34.62 is weekly trend guide.
  • #11,365
  • Edited 9:13pm Sep 29, 2011 8:53pm | Edited 9:13pm
move up from 31.06 and 1633 is noted lets see how she does on the retest.
I just love the way she talks to me.
whats your next 5 min. bar going to say ?
Looks like she said to add some more and forget about partials @ daily trend guide at this time.
Allright girl keep it up give me that 3rd bar above pivot.
allright silvr dont make me flip.
  • #11,366
  • Sep 29, 2011 8:58pm Sep 29, 2011 8:58pm
Quoting whatfx
'should be time for the bulls' yeah, we are all hoping that ? but no bull signals yet. wait and see what happens tomorrow.

at the mo, gold is ranging. waiting for a breakout to either side. so get ready folks.
What would be a signal for you whatfx?
Life's a bitch....so be a dog and cover it!
  • #11,367
  • Sep 29, 2011 9:03pm Sep 29, 2011 9:03pm
SOLD till 1600
ROBOT FOREX
  • #11,368
  • Edited 10:05pm Sep 29, 2011 9:21pm | Edited 10:05pm
Quoting Forbes55
SOLD till 1600
better watch what 1633 has to say
silver says south but looks like shes waiting on 1631-33 say so
we heard 31 whats 33 answer
3rd bar between 31 and 33 ,
south
if shes going south I sure would feel better with a drop below 1624.
In gold where silver dropped below 31.06 @ 1637 removed hedge at 1631 along with partials.
wait on 1624 response before closing all fri.daily longs.
  • #11,369
  • Sep 29, 2011 10:13pm Sep 29, 2011 10:13pm
Quoting lilpip
better watch what 1633 has to say
silver says south but looks like shes waiting on 1631-33 say so
we heard 31 whats 33 answer
3rd bar between 31 and 33 ,
south
if shes going south I sure would feel better with a drop below 1624.
In where silver turned around 1637 removed hedge at 1631 along with partials.
wait on 1624 response before closing all fri.daily longs.
I am beginning to see an upward channel.

1618-1620 would be the low end of the range in the next hour or two, but price action is getting stagnant.

If it breaks below, we may see another dip under 1600.

No clue what London will bring, but it's been more bearish than not in recent months.

I have my alarm set for the next drop - will come out for a fight now that volatility isn't quite so rampant.
  • #11,370
  • Sep 29, 2011 10:48pm Sep 29, 2011 10:48pm
Quoting Bemac
My analysis currently expects an Ascending Range.
Trapped between the TL XTrade asked me to Plot & ICCE's Golden Diag.
Thanks heaps Bemac. I am trying to get the hang of ICCE, really appreciate it.
  • #11,371
  • Edited 11:14pm Sep 29, 2011 10:57pm | Edited 11:14pm
Quoting forexfacts
I have no experience on demos
pm from others anwered here also.
unless $10,000 is your your monthly play around money and it doesnt really matter if you lose it, I would suggest giving your ability a test run to handle the different trends in the market a test run with a demo.
From my experience it takes about 7-10 months to experience all the timeframe trends.
Ive used mo that did not loose 1 trade in 6 months but when the primary trend changed ya darn near blew the account.
You want to develope a mindset that you can manage everyday year in and year out whatever the trend is and be mostly successful.
Heres to 10,000 hrs of screen time, like an apprentice to a journeyman it takes about 4 years.
cheers
  • #11,372
  • Sep 29, 2011 11:18pm Sep 29, 2011 11:18pm
.... and thanks heaps to Lilpip too for your regular posts - I had a real "Ah Ha" moment this week when I got pivots to match yours for the first time, and the price then bounced off them too - they are now one of my quivers!!

cheers!
  • #11,373
  • Sep 29, 2011 11:20pm Sep 29, 2011 11:20pm
Thanks lilpip, i may get in as a daily trader, right now i intend to make this small investment for 2 - 3 months.
And about $10,000 they are not for playing around, they mean a lot to me
  • #11,374
  • Sep 29, 2011 11:23pm Sep 29, 2011 11:23pm
prices as low as 1580 today.

http://marketvibs.blogspot.com/
  • #11,375
  • Sep 29, 2011 11:39pm Sep 29, 2011 11:39pm
Quoting SunTrader
It is your floor traders pivot.

99% of traders just use 1 day. I am not questioning whether or not there is validity to what you are using. Just whether or not someone else knows what it is the number represents.
Keep it straight.
BTW in case you hadn't noticed this is thread post# 11446 so wherever you might have mentioned previously daily/weekly/monthly formulas is way back buried in history here.
Thats a 10-4 on being buried and your right Ill try to keep it strait.
However, I think its probably closer to 95% using the 1 day.
  • #11,376
  • Edited 12:15am Sep 30, 2011 12:01am | Edited 12:15am
Quoting forexfacts
Thanks lilpip, i may get in as a daily trader, right now i intend to make this small investment for 2 - 3 months.
with the 4th quarter getting underway lets see how the 3rd quarter lows respond as they look for 4th quarter support.
stay on the north side of the street as you manage your money use mm wisely in case you have to pull yourself out of the red.
open a demo and practice mm as you go both ways.
  • #11,377
  • Edited 12:54am Sep 30, 2011 12:17am | Edited 12:54am
ok 31.06 and 1624 are you confirming what 1633 said ? which way ?
above 1624 are we going to get a push over 31.06 or not ?
  • #11,378
  • Sep 30, 2011 1:47am Sep 30, 2011 1:47am
Quoting lilpip
ok 31.06 and 1624 are you confirming what 1633 said ? which way ?
above 1624 are we going to get a push over 31.06 or not ?
Hey friend i have seen your posts for quite a time now . I dont really understand your points . can you plz help
  • #11,379
  • Sep 30, 2011 1:50am Sep 30, 2011 1:50am
I am blank right now no idea which direction its going the most i can get out of a chart is this . help if you have anything.

Looking at dollar and crude i guess its gonna fall maybe
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  • #11,380
  • Sep 30, 2011 2:50am Sep 30, 2011 2:50am
Quoting khan101
I am blank right now no idea which direction its going the most i can get out of a chart is this . help if you have anything.

Looking at dollar and crude i guess its gonna fall maybe

Hmm who thinks gold gonna Bull again, rise your hand?
I am new in gold trading, what i have to do right now.
Long or short.. Look like gold is side way now T___T
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