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

  • #12,861
  • Nov 7, 2011 8:05am Nov 7, 2011 8:05am
Quoting ddinnov
Those longs from 1850 must be looking a bit healthier now
I dont care about floating -.
I care only about my profits at the moment.
In some -profits i just wait until loose become profit
  • #12,862
  • Nov 7, 2011 8:20am Nov 7, 2011 8:20am
Quoting Ravissek
I dont care about floating -.
I care only about my profits at the moment.
In some -profits i just wait until loose become profit

Thats good that you don't invest all of your money at a time, you make sense to me.
  • #12,863
  • Nov 7, 2011 8:25am Nov 7, 2011 8:25am
By the way when did you buy at 1850? when it was rising or when it was falling?
  • #12,864
  • Nov 7, 2011 8:32am Nov 7, 2011 8:32am
Quoting forexfacts
Simply do not borrow from your broker, play with your own money, and play safe, if you are trading on daily basis then just read the charts carefully, buy and wait, when you make a few bucks, sell it, keep on doing the same.

Follow people like ddinov, if you are into daily trading, just read their charts of what they do and how they do it
Thanks - you're too kind I've still got a long way to go...

Just got a requote from GFT trying to enter a long so that's usually quite a good indicator
Anything can happen.
  • #12,865
  • Nov 7, 2011 9:05am Nov 7, 2011 9:05am
above 1780 now - can almost smell 1800
Anything can happen.
  • #12,866
  • Nov 7, 2011 9:12am Nov 7, 2011 9:12am
Quoting ddinnov
Thanks - you're too kind I've still got a long way to go...

Just got a requote from GFT trying to enter a long so that's usually quite a good indicator

You are good at reading charts, in daily trading that is a must.

An hour back gold was at 1772 now it is at 1782, so $10 for an oz is what you need for a day and i think this can only be done by reading the charts carefully and following the direction.

I am not a good chart reader that is why i am not in to daily trading but other wise i think i am ok, i ve been seeing gold since it was $400 so i have a good general idea
  • #12,867
  • Nov 7, 2011 9:17am Nov 7, 2011 9:17am
Quoting ddinnov
above 1780 now - can almost smell 1800
agree with you 1800 level with Daily chart bearish butterfly and 161 fib proj



Regards
MMUDASIR
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 21 KB
Trading by EA
  • #12,868
  • Nov 7, 2011 9:23am Nov 7, 2011 9:23am
eyes open to 1791 response

1780-91
1709
1627
Also watching silvers 34.95-35.15 area
  • #12,869
  • Nov 7, 2011 9:40am Nov 7, 2011 9:40am
Quoting highlander2
hi chaps, not had had a gold trade in while now. I have a pending buy at 1725 after daily pin bar. Chart is self explainitary.

hows it going Xtrade?

hope your well.

h2
took half at 1778, leaving the rest on for now.

very nice setup indeed.

h2
  • #12,870
  • Nov 7, 2011 9:59am Nov 7, 2011 9:59am
Quoting highlander2
took half at 1778, leaving the rest on for now.

very nice setup indeed.

h2
I hear ya on letting the rest run and your interest with the 1725 area as bias for the month is up from that area..
monthly
1916
1722-25
1528
  • #12,871
  • Nov 7, 2011 10:18am Nov 7, 2011 10:18am
Quoting forexfacts
You are good at reading charts, in daily trading that is a must.

An hour back gold was at 1772 now it is at 1782, so $10 for an oz is what you need for a day and i think this can only be done by reading the charts carefully and following the direction.

I am not a good chart reader that is why i am not in to daily trading but other wise i think i am ok, i ve been seeing gold since it was $400 so i have a good general idea
Thanks I learnt my chart reading here:

http://www.forexfactory.com/showthread.php?t=2331

Highly recommend it
Anything can happen.
  • #12,872
  • Nov 7, 2011 11:24am Nov 7, 2011 11:24am
Quoting Sreym33
I don't know about those bears, maybe a bear trap!...check out the upside-down head and shoulders pattern that has formed... maybe need $50 to finish it off from 1750 to 1800. Also, we need a 3rd leg up to finish the waves.
Now looking for the wave to finish off at 1798 and then down to 1740. There will be some "ground-breaking" news that will coincidentally send GOLD retreating. Buy the dip.
Check out the chart and you can clearly see the 3 waves from 1681.
Attached Image
  • #12,873
  • Nov 7, 2011 12:09pm Nov 7, 2011 12:09pm
hello folks

iam back after a short gap.

trading other things with good success...

will be concentrating on gold this week.


so off i go.....looking for a short to take....waiting....
  • #12,874
  • Nov 7, 2011 12:34pm Nov 7, 2011 12:34pm
1800 and 35, big numbers
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #12,875
  • Nov 7, 2011 12:42pm Nov 7, 2011 12:42pm
235$ today profit
I think we will see some good correction from 1800.Maybe 1750 or 1725.
Might be good entry to way up to 1825.
  • #12,876
  • Nov 7, 2011 12:51pm Nov 7, 2011 12:51pm
From kitco : http://www.kitco.com/reports/KitcoNe...C_outlook.html

In both the disaggregated and legacy weekly commitment of traders reports issued by the Commodity Futures Trading Commission, the managed-money and larger trader speculative non-commercial accounts increased their net-long positions in the yellow metal. The data is for the trade date ended Nov. 1 and encompasses both the futures and options activity combined at the Comex division of the New York Mercantile Exchange.

Managed-money accounts raised their net-long position to 148,279 contracts by adding 4,922 gross longs and cutting 4,511 gross shorts. This is the biggest net-long position they’ve had since mid-September.

In the legacy report, large speculators, known as non-commercials, increased gross longs by 3,441 contracts and lowered gross shorts by 6,272 contracts, pushing up their net-long position to 178,056 contracts. This was also the largest since mid-September. Commercial traders decreased gross longs and increased gross shorts, leaving them with a bigger net-short position.

Managed-money accounts added to longs and cut shorts in silver, increasing their net-long for silver to 13,261, the biggest position they’ve held since late September. They raised gross longs by 669 contracts and cut gross shorts by 486 contracts.

The speculator category in the legacy report showed an increase in gross longs of 385 contracts and a cut in gross shorts of 1,103 contracts, meaning the net-long for silver rose to 17,779 contracts. In the legacy report, commercials subtracted from their net-short position in silver, having added more gross longs than gross shorts.
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #12,877
  • Nov 7, 2011 1:22pm Nov 7, 2011 1:22pm
xtrade.... thank you so much.
i apoloogize for my actions on previous time around. i was too prideful.
i hope i can build a new start here.

i am looking at gold at hourly supply and its making a compression rising wedge. aka time to short if PA and sellers really come to the party.

everything else to me looks usd bull in my charts. im always nervos shorting gold sometimesand ill provide as much help and knowledge i can to help. my capital is yet to be built to make enough for 0.01 gold absorption etc.
Have I got something on my face, SOLDIER?
  • #12,878
  • Nov 7, 2011 2:22pm Nov 7, 2011 2:22pm
Quoting Sreym33
Now looking for the wave to finish off at 1798 and then down to 1740. There will be some "ground-breaking" news that will coincidentally send GOLD retreating. Buy the dip.
Check out the chart and you can clearly see the 3 waves from 1681.
You don't think it will at least touch 1800?
Anything can happen.
  • #12,879
  • Edited 2:36pm Nov 7, 2011 2:26pm | Edited 2:36pm
Quoting ddinnov
You don't think it will at least touch 1800?
...conservative TP before 1800(Psycho level) I think it will peak at 1805. that is my analysis and what my #'s tell me.
  • #12,880
  • Nov 7, 2011 3:06pm Nov 7, 2011 3:06pm
Quoting Bootleger
From kitco : http://www.kitco.com/reports/KitcoNe...C_outlook.html

In both the disaggregated and legacy weekly commitment of traders reports issued by the Commodity Futures Trading Commission, the managed-money and larger trader speculative non-commercial accounts increased their net-long positions in the yellow metal. The data is for the trade date ended Nov. 1 and encompasses both the futures and options activity combined at the Comex division of the New York Mercantile Exchange.

Managed-money accounts...
Great post...thank you...here we come $2000
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