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

  • #13,761
  • Nov 30, 2011 4:11am Nov 30, 2011 4:11am
Quoting bumapatria
tommorow is decision time for gold.

most likely a short. or a long.... ?

never have bias ill just see PA on that area, and see what to do aftr


definitely tommorow for me is a gold harmony cycle day. venus conjunct pluto natural cycle of gold swings.

i see selym looks to go short on silver
Venus and Pluto. I'm missing the link between their action and that of gold price.
Patience is magic
  • #13,762
  • Nov 30, 2011 4:24am Nov 30, 2011 4:24am
well iam out of my short from monday, at a miserable + 5 pips, grrr ..!!

oh well, aint much happening so i thought i close it out as i see a small rally coming up.
  • #13,763
  • Nov 30, 2011 4:28am Nov 30, 2011 4:28am
Quoting muntu ntu
Venus and Pluto. I'm missing the link between their action and that of gold price.
yeah lots do. i believe (and many other astro-cycle traders) that the markets have a natural flow and cycle to it. astrological seems to either have an effect on human emotion andNOT the market itself, that would be nuts. thats what i believe anyways.

gold has a natural harmony with the aspects thats all.
Have I got something on my face, SOLDIER?
  • #13,764
  • Nov 30, 2011 5:07am Nov 30, 2011 5:07am
Quoting bumapatria
yeah lots do. i believe (and many other astro-cycle traders) that the markets have a natural flow and cycle to it. astrological seems to either have an effect on human emotion andNOT the market itself, that would be nuts. thats what i believe anyways.

gold has a natural harmony with the aspects thats all.

All this is so new to me . Feel free to point me to any source of information.
Patience is magic
  • #13,765
  • Nov 30, 2011 7:44am Nov 30, 2011 7:44am
No reactions to this 40$move? :-D
  • #13,766
  • Nov 30, 2011 8:11am Nov 30, 2011 8:11am
wowwww... the news from federal reserve had push gold price up to where i dont know... hope it will drop after this...

im new in this gold trade hope for other seniorita opinions on this movement
  • #13,767
  • Nov 30, 2011 8:16am Nov 30, 2011 8:16am
Quoting Ravissek
No reactions to this 40$move? :-D
Well, I am in since 1694. My concern now is will it go thru 1750? Looks to me like a more serious res.
Patience is magic
  • #13,768
  • Nov 30, 2011 8:17am Nov 30, 2011 8:17am
Quoting Ravissek
No reactions to this 40$move? :-D
I think a lot has already been said, just glad I was long
can you say QE3?
  • #13,769
  • Nov 30, 2011 8:37am Nov 30, 2011 8:37am
Went long at 1735 on a retrace from the spike up. Has a $12 trailing stop on it....will TP at about 1750 resistance and wait for a retrace and sign to enter another long.....if I don't get in....will wait until 1752 to look for an entry point.
TP would be at 1867....although will be riding it up with a $15 trailing stop.

I typically just let my open trades ride on a $12-$15 trailing stop...of course because I am bullish on gold long term.

I just make sure I do not over extend myself with buys that are left open. I calculate...how many positions I have open and how far negative I can go.

A ride down to 1600 would wipe my account right now if I did not take some losses prior to it reaching 1600.

Many pips to ya all.....enjoy the ride!!
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Life's a bitch....so be a dog and cover it!
  • #13,770
  • Nov 30, 2011 8:49am Nov 30, 2011 8:49am
why you hope for drop?you are gold seller or what
Quoting imiebcm
wowwww... the news from federal reserve had push gold price up to where i dont know... hope it will drop after this...

im new in this gold trade hope for other seniorita opinions on this movement
  • #13,771
  • Nov 30, 2011 9:15am Nov 30, 2011 9:15am
Quoting Ravissek
why you hope for drop?you are gold seller or what

i got open short at 1735
  • #13,772
  • Nov 30, 2011 9:54am Nov 30, 2011 9:54am
wow. how lucky am i ?

i closed my short minutes before the price spiked up ! good thing i didnt keep it running !

anyway managed to grab 15 pips on the up move. dissapointed, could have got more.....GRRRR !
  • #13,773
  • Nov 30, 2011 9:55am Nov 30, 2011 9:55am
Quoting imiebcm
i got open short at 1735 :d
imbecile

why are you going short ?
  • #13,774
  • Nov 30, 2011 9:58am Nov 30, 2011 9:58am
Quoting imiebcm
i got open short at 1735
I like your style, you and Ravissek rock
  • #13,775
  • Nov 30, 2011 10:04am Nov 30, 2011 10:04am
I was tempted to go short myself. Decided that the rally hasnt ended yet. So 50/50 it may go up or down.

So, i have entered short with half position (£5) at 1749. If market keeps on going up, i shall enter again at a better price with remaining half.

Looking for around 10 pips.
  • #13,776
  • Nov 30, 2011 10:33am Nov 30, 2011 10:33am
closed long at 1747.
once price retests 1750 again from below, probably will be short from 1742 down to 1725. Then looking for long from 1720.

If price breaks 1750 and then tests 1750 from above, going long. First scenario is more likely based on projections and stochastics but with stocks so far up today (413 at time of writing), we could go higher.
  • #13,777
  • Nov 30, 2011 10:38am Nov 30, 2011 10:38am
Europe stocks surge after global bank action
China cuts bank reserve-requirement ratio

http://www.marketwatch.com/story/eur...?siteid=yhoof2

Koen De Leus, strategist at KBC Securities, said central banks have taken coordinated action before and history shows that the positive effects do not tend to last. “It’s not enough. It’s a temporary liquidity initiative which is good, but it won’t solve the problem, because in a couple of days, the problems will put on their hats again.
  • #13,778
  • Nov 30, 2011 10:41am Nov 30, 2011 10:41am
Quoting SunTrader
Europe stocks surge after global bank action
China cuts bank reserve-requirement ratio

http://www.marketwatch.com/story/eur...?siteid=yhoof2

I thought you trade the reaction, not the news.
  • #13,779
  • Nov 30, 2011 10:43am Nov 30, 2011 10:43am
Quoting forexfacts
I like your style, you and Ravissek rock
What i have done to you? I am not short
  • #13,780
  • Nov 30, 2011 11:06am Nov 30, 2011 11:06am
preparing for tommorow. good price to be shorting but wil be patient for tommorow to unfold.

i think some buying in asian session to catch up with this then close Tp at their close and selling begins... my 2 cents.
Have I got something on my face, SOLDIER?
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