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

  • #13,821
  • Dec 1, 2011 3:30pm Dec 1, 2011 3:30pm
Quoting whatfx
today really sucks.

hardly much happening. just made a miserable 35 pips on eu, and a crappy 8 pips on gold. really terrible........

this week so far only 33 pips on gold. way short of my minimum 60 pips weekly target. hope i can make it up by tomorrow end. otherwise a very shitty week !!

iam off for the day. cant take this slowness.
Hey at least you are up pips instead of down, could be worse.......
  • #13,822
  • Dec 1, 2011 10:10pm Dec 1, 2011 10:10pm
Start trading longer Time frames??...

Maybe?

Days, not hours.

Quoting whatfx
today really sucks.

hardly much happening. just made a miserable 35 pips on eu, and a crappy 8 pips on gold. really terrible........

this week so far only 33 pips on gold. way short of my minimum 60 pips weekly target. hope i can make it up by tomorrow end. otherwise a very shitty week !!

iam off for the day. cant take this slowness.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #13,823
  • Dec 1, 2011 10:11pm Dec 1, 2011 10:11pm
How is everyone in here doing tonight?

We know WFX had a shite day, sorry to hear.

Anyone else care to add?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #13,824
  • Dec 1, 2011 10:13pm Dec 1, 2011 10:13pm
Spot gold does not start trading at 5pm Sunday.

It also closes after 4 pm Friday.

Using Eastern Standard Time - or New York time.

It starts around 5:45 Sunday.

Quoting muntu ntu
Great analysis, CathS.
Also,there are those brokers that show no quote at the week end when trading re starts. But if I am not mistaken there is a gap, between last friday's close (red candle) and the subsequent open (green candle above the previous close). Which is consistent with the huge gaps on main FX pairs that are also still open.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #13,825
  • Dec 1, 2011 10:25pm Dec 1, 2011 10:25pm
Quoting XTrade
How is everyone in here doing tonight?
We know WFX had a shite day, sorry to hear.
Anyone else care to add?
Well X, since you asked, I had a crappy day. I did take a short at 1742 as I said I would in my post #13900. Price broke the resistance, then set sell limit to catch the retrace. I was very happy with some profit, ready to ride it down, until it reversed at 1734 back up... had already set stop at B/E.
Then took another short, again at 1742 about 4 hours ago, watched it dive to 1737 and then jump back up, closed with very small profit.
I'm out now, wait for NFP.

Hope others did better today.
What is your outlook for the next couple of sessions? I still think we'll see a drop to 1720 before it takes off above 1780.
  • #13,826
  • Dec 1, 2011 10:38pm Dec 1, 2011 10:38pm
Quoting XTrade
How is everyone in here doing tonight?

We know WFX had a shite day, sorry to hear.

Anyone else care to add?
hi x, just got that 40 pipper on gold.

closed too early.

i really still think its bearish. the little push up was i believe to kill the early sellers and kill the late buyers., 23 is my call for the drop, and posting my chart would just be too messy and too complex
Have I got something on my face, SOLDIER?
  • #13,827
  • Dec 1, 2011 10:46pm Dec 1, 2011 10:46pm
Quoting bumapatria
hi x, just got that 40 pipper on gold.

closed too early.

i really still think its bearish. the little push up was i believe to kill the early sellers and kill the late buyers., 23 is my call for the drop, and posting my chart would just be too messy and too complex
I really think it is headed for 1,765 by tuesday.
No Reason; I just think that.
btw. I posted a 23 Low @ the top of this page.(Post # 13,921)

B
  • #13,828
  • Dec 1, 2011 11:02pm Dec 1, 2011 11:02pm
Quoting bumapatria

i really still think its bearish. the little push up was i believe to kill the early sellers and kill the late buyers., 23 is my call for the drop, and posting my chart would just be too messy and too complex
Let me get that chart for you...
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  • #13,829
  • Dec 1, 2011 11:08pm Dec 1, 2011 11:08pm
Quoting CathS
Hi Rahul

I have 3 data feeds and none of them show this gap - my MT4 feed is the only one I have worked out how to upload so here it is.

Your post echos my frustration with data feeds - the main one I use showed xauusd trading down to < 1680 over 20 mins from the start of Asian open today and xaueur went down to <1250 - started my day with an electric shock, for sure!

I would suggest using more than 1 data feed to weed out "glitches" like these - MT4 is free but so are many others which are probably good also.

And as for being bullish,...
Hi i Caths.

Thank you very much for such informative reply. This was very helpful.
I think i should agree with the point that Gold is bullish. If I have the holistic view over current situation then it should go up, However I feel that Gold will come back to fill this gap. May be one good NEWS from Europe is enough for this. I think Market more driven by NEWS.

Cheers.
Rahul
  • #13,830
  • Dec 1, 2011 11:33pm Dec 1, 2011 11:33pm
Quoting XTrade
How is everyone in here doing tonight?

We know WFX had a shite day, sorry to hear.

Anyone else care to add?
Hey Xtrade,

All is well on my end. Everything going as planned except frustrating delays on the part of defunct regulators. Requiring more patience as CFTC has pushed forward the date of compliance with reporting requirements for commodity swaps for large traders.

Already had an extension until Nov 21st for the cleared swaps, but now they have until sometime March 2012. Seems like the best the CFTC can do is investigate a few small, insignificant and crooked brokers since Dodd-Frank. Volcker rule obviously ignored in the MF Global ordeal.

Doesn't look like we will have data on commodity price action for quite some time. Transparency is the end goal for those of us who believe the markets have been corrupted. Free market exchanges have come a long way from a simple hand shake. I would bet (really, I would bet cold hard cash) a fraction of traders on this thread can identify the liquidity or counter party to their trades if they aren't doing business with a dealing desk broker. What does that tell you about the level of transparency in the derivatives markets? I don't give a shit about regulations, I just think everyone deserves the right to know who they are doing business with. None of this dodgy under the table back stabbing crap.

Gold specific - patience continues to be my virtue. I'm hedged, but still happy to pay swaps because it is better to be in the market reading, researching, and poised for action than to get lazy at the sidelines. Life is always good in the "free" world.
  • #13,831
  • Dec 1, 2011 11:47pm Dec 1, 2011 11:47pm
thats not even a hundreth as messy as my chart



intersections of angles and points in time show price/time possible meetings.

at any given cycle in time, ifone of them is hit, the other is of course obviously invalidated

squares in price = 7 and a half and we are 7 and a half squares in time for now

as long as that bear angle holds i am short.
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Have I got something on my face, SOLDIER?
  • #13,832
  • Dec 2, 2011 1:11am Dec 2, 2011 1:11am
Quoting bumapatria
thats not even a hundreth as messy as my chart



intersections of angles and points in time show price/time possible meetings.

at any given cycle in time, ifone of them is hit, the other is of course obviously invalidated

squares in price = 7 and a half and we are 7 and a half squares in time for now

as long as that bear angle holds i am short.
Oh bumapatria,talking about bears and short setups,great I like your post

Im looking for bulls in 1746.77 level

who going short,Im looking for long
  • #13,833
  • Dec 2, 2011 3:12am Dec 2, 2011 3:12am
Quoting Bemac
I really think it is headed for 1,765 by tuesday.
No Reason; I just think that.
btw. I posted a 23 Low @ the top of this page.(Post # 13,921)

B
1764.39, but what are a few cents among friends.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #13,834
  • Dec 2, 2011 3:40am Dec 2, 2011 3:40am
Quoting Doncex
Oh bumapatria,talking about bears and short setups,great I like your post

Im looking for bulls in 1746.77 level

who going short,Im looking for long
do what u do, ill do what i do.
Have I got something on my face, SOLDIER?
  • #13,835
  • Dec 2, 2011 4:04am Dec 2, 2011 4:04am
The 2 charts posted showed different opening times. Whatever the start time, do you see any gap last weekend on gold?


Quoting XTrade
Spot gold does not start trading at 5pm Sunday.

It also closes after 4 pm Friday.

Using Eastern Standard Time - or New York time.

It starts around 5:45 Sunday.
Patience is magic
  • #13,836
  • Dec 2, 2011 4:06am Dec 2, 2011 4:06am
Daily gold waiting chikou to breakout of kumo strongly. Else, we will see a retest of the upper trendline due to H8 kumo shadow.
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  • #13,837
  • Dec 2, 2011 4:35am Dec 2, 2011 4:35am
short entered at 1750. will lieave this one open for a few days....
  • #13,838
  • Dec 2, 2011 4:40am Dec 2, 2011 4:40am
Timingcharts

Quoting whatfx
what website do u use for cot info ?
Patience is magic
  • #13,839
  • Dec 2, 2011 5:21am Dec 2, 2011 5:21am
Quoting Doncex
Oh bumapatria,talking about bears and short setups,great I like your post

Im looking for bulls in 1746.77 level

who going short,Im looking for long
What I told Ya

Gold tp reached +50pips
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  • #13,840
  • Dec 2, 2011 5:40am Dec 2, 2011 5:40am
Quoting whatfx
short entered at 1750. will lieave this one open for a few days....

have closed my short for - 2 pips. i suspect a small rally is coming.
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