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  • #13,521
  • Nov 23, 2011 7:44am Nov 23, 2011 7:44am
Again.

10 pips in gold = 10 cents. Is that what you want? that's not even a regular spread!

Do you mean 100 pips which = ONE USD
Quoting whatfx
long at 1692, looking for 10 pips or maybe less.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #13,522
  • Nov 23, 2011 7:47am Nov 23, 2011 7:47am
Quoting XTrade
I am looking for upwards movement today. Long @ 1687 and 88 respectively.

Let's see how she rolls.

Swissy may be ripe for a short.

AUD
NZD
EUR
&
GBP

All look oversold.

i have sold nzdjpy and gbpjpy on 21/11, and 22/11 respectively. longer term trades.

both presently in profit.

may close out soon.
  • #13,523
  • Nov 23, 2011 7:48am Nov 23, 2011 7:48am
Quoting XTrade
Again.

10 pips in gold = 10 cents. Is that what you want? that's not even a regular spread!

Do you mean 100 pips which = ONE USD
i think he is trying to say 10$ move
  • #13,524
  • Nov 23, 2011 7:54am Nov 23, 2011 7:54am
Quoting forexfacts
Yes, that is why i posted this link in my next reply:

http://www.mineweb.com/mineweb/view/...0193&sn=Detail
Which shows:

"According to data from the Association of Mutual Funds in India, total assets of gold ETFs jumped to Rs 90.90 billion ($1.8 billion) as on October 31, 2011, from some Rs 30.97 billion ($0.59 billion) a year ago".

I mean no disrepect to India but really trivial in the grand scheme of things.
  • #13,525
  • Nov 23, 2011 7:57am Nov 23, 2011 7:57am
Tomorrow (thurs) is holiday here in the US and markets today through the end of the week will have below average volumes. Keep that in mind. Wild moves can and most probably will happen - either direction.
  • #13,526
  • Nov 23, 2011 7:58am Nov 23, 2011 7:58am
Quoting XTrade
Again.

10 pips in gold = 10 cents. Is that what you want? that's not even a regular spread!

Do you mean 100 pips which = ONE USD

not sure what you are saying.

iam based here in the u.k.

i trade £10 per pip. equivalent to around $13 dollars per pip ?

so the trade where tp 15 pips hit, thats £150 profit.

the last trade i entered long at 1692 long was at £5 per pip, as my confidence in that trade wasnt 100%. iam looking to add another £5 at a good level if the market falls.

hope this clarifies it all.
  • #13,527
  • Nov 23, 2011 8:03am Nov 23, 2011 8:03am
Quoting XTrade
I am looking for upwards movement today. Long @ 1687 and 88 respectively.

Let's see how she rolls.

Swissy may be ripe for a short.

AUD
NZD
EUR
&
GBP

All look oversold.

iam tempted to go long on eurgbp. what do you think ?
  • #13,528
  • Nov 23, 2011 8:06am Nov 23, 2011 8:06am
yep, long eurgbp at 0.86050 ! hope to see profit on this one soon...!
  • #13,529
  • Nov 23, 2011 8:11am Nov 23, 2011 8:11am
Quoting RitalinFX
Seeing a Doji starting to form on the Daily chart. Got in a on a buy yesterday at 1686, so far so good.

http://img194.imageshack.us/img194/6074/dailydoji.jpg



However looking at the weekly chart I wouldn't be surprised if there is another week of bearing movement to get back onto the bottom trend line.

http://img851.imageshack.us/img851/1674/weeklydrop.jpg


You can see that we have hit the top trend line where it has only broken once before coming back down, not sure if that would become new support though?
those are good calls...watch the 150sma line on the daily chart too...seym brought that to our attention...seems to be very accurate.
Life's a bitch....so be a dog and cover it!
  • #13,530
  • Nov 23, 2011 8:19am Nov 23, 2011 8:19am
Quoting SunTrader
Tomorrow (thurs) is holiday here in the US and markets today through the end of the week will have below average volumes. Keep that in mind. Wild moves can and most probably will happen - either direction.
Good advice and heads up....thxs
Life's a bitch....so be a dog and cover it!
  • #13,531
  • Nov 23, 2011 8:20am Nov 23, 2011 8:20am
Quoting dogbreath
those are good calls...watch the 150sma line on the daily chart too...seym brought that to our attention...seems to be very accurate.
maybe just my eyes but im spotting a harmonic on the lowest chart. bullish continuation.

ill pull up some fibs on that soon see whats up
Have I got something on my face, SOLDIER?
  • #13,532
  • Nov 23, 2011 8:25am Nov 23, 2011 8:25am
me thinks its gonna be a painfully slow day to day, what with all the u.s. holidays coming up.

so, i shall leave my trades running and be off for the day. will have to check on them occasionally on my mobile a
  • #13,533
  • Nov 23, 2011 8:44am Nov 23, 2011 8:44am
Daily chart
It has retraced to the 61.8 fib ~ 1680.

It is just above the 150sma....so I expect it could possible spike down to 1650 before it moves up.

Resistance is at about 1725 the 38.2 fib....if it breaks thru that we should see a pretty steep bullish run.

According to fib expansion on the second chart....it will hit about 1860 before it finds resistance...I would expect a strong bounce down from 1860....starting with the 1st resistance bounce at 1850....so I would be conservative and TP at 1850.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xauusd-daily.gif Size: 28 KB
Click to Enlarge Name: xauusd-daily2.gif Size: 25 KB
Life's a bitch....so be a dog and cover it!
  • #13,534
  • Nov 23, 2011 8:50am Nov 23, 2011 8:50am
Quoting RitalinFX
.........Got in a on a buy yesterday at 1686, ......
Why mention this without a reason why you did?
  • #13,535
  • Nov 23, 2011 9:46am Nov 23, 2011 9:46am
dont rly know what to do....now.Looks like noone does
  • #13,536
  • Nov 23, 2011 9:47am Nov 23, 2011 9:47am
Quoting Ravissek
dont rly know what to do....now.Looks like noone does
Quoting Sreym33
I am with you on that sentiment. Looking for a drop down to 1680 now before taking off above 1700, maybe 1730ish.
looks like pullback on new uptrend to me. may be a great buy right now- gonna be slow today though.
If it drops past 1665, ... then gold may be in trouble.
  • #13,537
  • Nov 23, 2011 9:52am Nov 23, 2011 9:52am
Quoting Sreym33
looks like pullback on new uptrend to me. gonna be slow today though. If it drops past 1665, ... then gold may be in trouble.
why in trouble? you think its heading more south? like 1600?
  • #13,538
  • Nov 23, 2011 9:57am Nov 23, 2011 9:57am
Quoting Ravissek
why in trouble? you think its heading more south? like 1600?
trouble may have been the wrong word to use... a drop below our last low could send us down some more, 1630 is not out of the question.
  • #13,539
  • Nov 23, 2011 10:06am Nov 23, 2011 10:06am
Quoting Sreym33
trouble may have been the wrong word to use... a drop below our last low could send us down some more, 1630 is not out of the question.
and you are preparing for sell or you have sell?
  • #13,540
  • Nov 23, 2011 10:12am Nov 23, 2011 10:12am
U S Dollar up almost 1% today.
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