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

  • #12,061
  • Oct 13, 2011 3:52pm Oct 13, 2011 3:52pm
Quoting SunTrader
Yeah its going up alright. Question is how much up and how fast and how strong.

Same way its been for almost 3 weeks. Not much on all accounts.
The volume thing you told me has weight in it, it has to come down to gain more volumes and then we may see gold shooting.
  • #12,062
  • Edited 6:41pm Oct 13, 2011 6:01pm | Edited 6:41pm
Quoting Bemac
"Bull Calf":
Not quite a Bull Run. Just a Little Bullish.

Quoting Bemac
I have my lower Indi Windows for a Reason.
I don't often discuss them because there is a little 'Art' involved in reading them but as I see them now, combined with PA & ICCE...
Screen Space is valuable to me so I am cautious as to how I distribute it. My Stohs, RSI & MACD follow the same Math as Standard with minor modifications.
I combined the Code for Stohs & RSI to get them in the same Frame. {they both run between 0 & 100 And with the same pertitinent 'Periods', fit well together.}
MACD is Standard except for the "Inputs".
Standard MACD inputs are 12, 26, 9. I find no relevence in Averaging 26 Bars on a Daily Forex Chart. 26 Bars on a Daily is equivelant to 4.3 Weeks on a 6 Bar/Week Chart or 5.20 Weeks on a 5 Bar/Week Chart. I really have no use for those MA's. So;
I changed them.
I Changed them for Daily & different for Weekly & different for H4 & H1 & M15 to numbers that make sense to me.

Quoting Bemac
1,706.xx is a Lock.
Not saying it will race there in a straight line but 1,706.xx is (as I see it) going to be hit soon. Possibly Friday (today is Thursday) Maybe not until Sunday. We wait & see.

Quoting Bemac
THEN:
The Gloves are Off.
Once, as i believe, 1,706 is posted, there will be some volatility in PA. If the PA continues to edge Higher, expect the Bears to Intervene at the following Prices.

Quoting Bemac
Bears will Protect:
1,740.
1,760.
1,790.
1,835.
Before we have a shot at the TOP.
If we take out 1,835, then we could be looking toward a New High

Quoting Bemac
But for now;
I will dabble with my Indis & Golden Diag to venture a coin or two to the Long Side.

B
I am Bullish but not like I was 6 months ago. Therefore I will cut my standard Lot Sizes to 25% of normal until I see more convincing PA.

There you go guys. Please pick up your spoon @ reception.
****NOTE****
This is NOT a Trade Recommendation.
btw. I expect a Bullish Bounce aroud 1,660.xx. Currently at 1,665.95.
Attached Image (click to enlarge)
Click to Enlarge Name: daily oct 13 11. bounce zoom.gif Size: 24 KB

Any Scalpers?

B

*Edit*
Sorry guys for coming across a little gruff'ntuff.
Perhaps, if you had recieved some of the PM's & e-mails I have, you might also attempt to raise the Verbage somewhat to a level pertinent to the complexity of the Post..
Any hoo.
I just hope I'm helping someone gain "Arrows & Cargo"

Bill
  • #12,063
  • Oct 13, 2011 6:19pm Oct 13, 2011 6:19pm
Quoting forexfacts
The volume thing you told me has weight in it, it has to come down to gain more volumes and then we may see gold shooting.
Or drop with volume.

Up, down all the same.
  • #12,064
  • Oct 13, 2011 8:51pm Oct 13, 2011 8:51pm
Well.....my crystal ball says that the USA is trying to start a war with Iran....within 2 weeks....if they succeed in theory gold should rocket up along with oil.
However if that is the case...the money masters are undoubteldy privy to the information....so I imagine they are going to try to make gold go down massively before war starts....so they can unload all of their short positions.

So.....I thinking maybe even a drop down to the fib 0 line which is about 1300....as shown on my daily attached chart......and then a massive bull run up...probably I am guessing to 2000 and beyond.

I am very nervous to enter any positions right now also given the way the Price Action has been behaving the last few weeks.

Maybe it will just sky rocket bullish right from here...with news of war.

Whatever the case is though......I believe we are in for a wild ride!!

I know some of you will criticize me and say stick to the actual facts....just my crystal ball two pence worth.
Attached Image (click to enlarge)
Click to Enlarge Name: xau.gif Size: 48 KB
Life's a bitch....so be a dog and cover it!
  • #12,065
  • Oct 13, 2011 8:53pm Oct 13, 2011 8:53pm
In an effort to avoid confusion;
I have a question.
Can you forsee Spring Trades?
These are not Seasonal Trades. They are Springs that have been coiled Tighter & tighter until they break.
How do you find them?
Unfortunately, there is, as yet, no Indi so we have to recognize them.

Oooh Ooooh... Here's one. As a matter of fact, Entry has not presented itself just yet but...
Place Your Bets. Buy Long or Sell Short?
EURCHF. Gold in a Coat.
Attached Image (click to enlarge)
Click to Enlarge Name: daily oct 13 11 tolerance.gif Size: 34 KB


Well? How do you intend to play it Bemac?
(all the way down to 1.79 with Stops Also set according to Previuos PA)

My Jump In Strat Sold it NOW. SL & TP Posted.
If my SL is triggered... All bets are off.
But if it shows signs of sinking...
I'll cover it & Short like a bedtime blanket.
This may test you TF tolerance. B
  • #12,066
  • Oct 13, 2011 8:57pm Oct 13, 2011 8:57pm
[quote=dogbreath;5039891]Well.....my crystal ball says that the USA is trying to start a war with Iran....within 2 weeks....if they succeed in theory gold should rocket up along with oil.
However if that is the case...the money masters are undoubteldy privy to the information....so I imagine they are going to try to make gold go down massively before war starts....so they can unload all of their short positions.

Iran war? I am out-of-the-loop. Please provide some info, links to news, etc...
  • #12,067
  • Oct 13, 2011 9:16pm Oct 13, 2011 9:16pm
looking for days direction out of 1664.
question of the day will she make a break to the south of 1650 ?

south of 31.85 to start the day is noted.
  • #12,068
  • Edited 9:58pm Oct 13, 2011 9:35pm | Edited 9:58pm
Quoting Bemac
Not quite a Bull Run. Just a Little Bullish.


Screen Space is valuable to me so I am cautious as to how I distribute it. My Stohs, RSI & MACD follow the same Math as Standard with minor modifications.
I combined the Code for Stohs & RSI to get them in the same Frame. {they both run between 0 & 100 And with the same pertitinent 'Periods', fit well together.}
MACD is Standard except for the "Inputs".
Standard MACD inputs are 12, 26, 9. I find no relevence in Averaging 26 Bars on a Daily Forex Chart. 26 Bars on a Daily is equivelant to 4.3...
First, I would like to say that I like your style, Bemac.

Now in terms of direction, I think the bears may defend but the last knock down price action "event"--with people dumping gold and playing both the bond market and using US assets as safe havens--is finished. We are in new territory, as always. The USD rally may resume and bring gold's price down, but these are the best of times to track the big money after the fact. They recently *sentenced* Raj Rajaratnam, hedge fund manager, for insider trading. The "big boys" have to know that "the people" are wising up to some of their tricks. Makes for compelling bedtime stories. On gold, I continue to look forward to developments in the lawsuit alleging illegitimate and illegal tactics were were used to affect price discovery that would then benefit JPM.

Another knock down for gold and silver can obviously occur, but will be under a new set of circumstances. The USD can't remain strong forever in my opinion; the banks in the US who have been hoarding big bucks will eventually let the new flow back into circulation. I agree with analysts at a recent conference I attended who essentially argue that the effects of quantitative easing have yet to be felt in full. Was it priced in? Who knows? No one on the periphery really understands what's happening behind closed doors, or who has invented the latest and greatest derivative algorithm. Inside market participants are wheeling and dealing day by day. The periphery, those trading with forex brokers, can trade advantageously, but ultimately are speculators with no inside connection with price discovery and are thus at a disadvantage at square one when trading against counter parties with significant resources.

Will smart money "give" us another bull run?
  • #12,069
  • Oct 13, 2011 9:38pm Oct 13, 2011 9:38pm
Quoting lilpip
looking for days direction out of 1664.
question of the day will she make a break to the south of 1650 ?

south of 31.85 to start the day is noted.
Feels like she may break the 1650 level because he is standing at 1610 - 1600, lets see if he stays there for long or not, remember he may come to her as well, nobody knows whats gonna happen, she goes to him or he goes to her, only time will tell, but i am with you on she going down a few stairs towards him, lets see
  • #12,070
  • Oct 13, 2011 10:10pm Oct 13, 2011 10:10pm
Anyone follow the stories about Slovakia voting for the EFSF Euro bailout fund?

I watched a Reuters or Bloomberg news video (forget to copy link) of I believe Slovakia's Finance Minister where he suggested Greece should be allowed to default and countries such as Italy should spend only what they take in. Every country should do that. But then he also mentioned Italy should sell their gold which he said they have almost 2500 tons of it.

It ain't happening, at least not any time soon. But how that would put a panic in some people's plans.
  • #12,071
  • Oct 14, 2011 1:21am Oct 14, 2011 1:21am
Quoting SunTrader
Anyone follow the stories about Slovakia voting for the EFSF Euro bailout fund?

I watched a Reuters or Bloomberg news video (forget to copy link) of I believe Slovakia's Finance Minister where he suggested Greece should be allowed to default and countries such as Italy should spend only what they take in. Every country should do that. But then he also mentioned Italy should sell their gold which he said they have almost 2500 tons of it.

It ain't happening, at least not any time soon. But how that would put a panic in some people's plans.
Slovakia situation never change anything about trading,trades,euro situation.Too small country man.Dont look at slovakia
  • #12,072
  • Oct 14, 2011 2:59am Oct 14, 2011 2:59am
Quoting Ravissek
Slovakia situation never change anything about trading,trades,euro situation.Too small country man.Dont look at slovakia
Slovakia sounds like a nice country, one day i'll come to Slovakia for Business and for Pleasure
  • #12,073
  • Oct 14, 2011 3:06am Oct 14, 2011 3:06am
Quoting SunTrader
Anyone follow the stories about Slovakia voting for the EFSF Euro bailout fund?

I watched a Reuters or Bloomberg news video (forget to copy link) of I believe Slovakia's Finance Minister where he suggested Greece should be allowed to default and countries such as Italy should spend only what they take in. Every country should do that. But then he also mentioned Italy should sell their gold which he said they have almost 2500 tons of it.

It ain't happening, at least not any time soon. But how that would put a panic in some people's plans....
China would buy all 2500 tons given an opportunity.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #12,074
  • Oct 14, 2011 3:38am Oct 14, 2011 3:38am
Buys in at

1657
1672
1678
1678.xx

SL's between 1500-1595 , with one at 1629

TP's set at 1702 (for now) at which point I will take stock and look to reload.
  • #12,075
  • Oct 14, 2011 5:38am Oct 14, 2011 5:38am
Quoting forexfacts
Slovakia sounds like a nice country, one day i'll come to Slovakia for Business and for Pleasure
i am from czech republic.Slovakia is our neighbour.And its very backward
  • #12,076
  • Oct 14, 2011 7:25am Oct 14, 2011 7:25am
Looking Strong this morning...

1700 should be taken out soon (next sessions)

A test of 1695 today would be nice.

Great Posts Bemac
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,077
  • Edited 7:39am Oct 14, 2011 7:28am | Edited 7:39am
Possible Head and shoulders pattern forming on Gold H1?
http://i55.tinypic.com/19w3lz.jpg
  • #12,078
  • Oct 14, 2011 7:41am Oct 14, 2011 7:41am
Quoting Ravissek
i am from czech republic.Slovakia is our neighbour.And its very backward
Means nothing to me.

It had a vote and that was important enough for the Euro community as a whole. So any trader who really understands the importance of these events was watching closely.
  • #12,079
  • Oct 14, 2011 7:44am Oct 14, 2011 7:44am
Quoting LasVahGoose
China would buy all 2500 tons given an opportunity.
Maybe as a hedge since they have rapidly slowing growth but rising inflation plus our worthless 30 year bonds.
  • #12,080
  • Oct 14, 2011 7:57am Oct 14, 2011 7:57am
Quoting jeremyyn
Possible Head and shoulders pattern forming on Gold H1?
http://i55.tinypic.com/19w3lz.jpg
or a double kiss off of 1654 and away we go. i will be looking for a breach of 1664(last swing low) for the downside. for the upside, touch off 1670 and go!
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