XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 698 | Metals Mine

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

  • #13,941
  • Dec 6, 2011 6:49pm Dec 6, 2011 6:49pm
Quoting Sreym33
Are you thinking it's gonna hit the lower line of the triangle that we have formed?
No. I'm being Greedy.
I almos got it today But I have patience. I wait & watch for another couple of days (perhaps until the End of Trading this week) before I decide to move it.

Y'see, I only Scalp or Intraday when there is nothing else that looks ready.
Gold is Very Close to being Ready.

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Just trying to help but I understand that "The More Info, The More Questions."
I may move that Limit Entry to 1,707.15 & that would make me very bullish.

B
  • #13,942
  • Dec 6, 2011 8:49pm Dec 6, 2011 8:49pm
Quoting Bemac
No. I'm being Greedy.
I almos got it today But I have patience.
I may move that Limit Entry to 1,707.15 & that would make me very bullish.

B
That 1707 would have been nice right now... good luck to ya!
  • #13,943
  • Dec 6, 2011 9:02pm Dec 6, 2011 9:02pm
Quoting Sreym33
That 1707 would have been nice right now... good luck to ya!
Yeah. The tough part is picking it Before it gets there.

B
  • #13,944
  • Dec 6, 2011 9:38pm Dec 6, 2011 9:38pm
It proves that gold is still talk of the town, please keep an eye on Platinum and Palladium, its their turn after gold.

(Please Note that those are my own personal thoughts and may never be true)
  • #13,945
  • Dec 7, 2011 1:07am Dec 7, 2011 1:07am
hunt those damn stops and go north. when it clears 1735.37 shoudl be able to go to 39
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Have I got something on my face, SOLDIER?
  • #13,946
  • Dec 7, 2011 2:27am Dec 7, 2011 2:27am
chickend out with +4 stop hit
Have I got something on my face, SOLDIER?
  • #13,947
  • Dec 7, 2011 3:05am Dec 7, 2011 3:05am
went long @ 1730, my target is 1803

no real reason to go long here, got out at 1727 yesterday for a $15 profit, but feel like dont want to miss out on the move so got back in. minor support @ 1729.

i'm in cash mkt so don't really have a stop. however a 'convincing' break below 1700 would have me sell futures to aim for 1665.
  • #13,948
  • Dec 7, 2011 3:08am Dec 7, 2011 3:08am
do u guys trade futures or cash? i'm in dubai and DGCX sux with liquidity, so trading in cash mkt. but con is that i can't go short, so have to use crappy DGCX for that.
  • #13,949
  • Dec 7, 2011 4:10am Dec 7, 2011 4:10am
well my short is still holding. aint no action yet. it seems to have gone on a range. iam thinking of closing it out.

no action for the past 8 hrs. so it might be better to close it.
  • #13,950
  • Dec 7, 2011 4:19am Dec 7, 2011 4:19am
Quoting whatfx
well my short is still holding. aint no action yet. it seems to have gone on a range. iam thinking of closing it out.

no action for the past 8 hrs. so it might be better to close it.
uve got beauty divergence on ur side and possilbe TL break of an important angle.

make ur call but hers what i think
as long as it caps to the upside, a short is fine.
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Have I got something on my face, SOLDIER?
  • #13,951
  • Dec 7, 2011 4:26am Dec 7, 2011 4:26am
look at it this way. would buyers buy high? if u were in a shop buying in your favorite lcothing label store say quiksilver, would u rather buy the discounted goods or the ones that are more expenseive?

usually when there is a sharp rise think of it. are the proffessionals really going to buy now? is it too 'expensive' to be buying now?


then again i might just be ranting.
Have I got something on my face, SOLDIER?
  • #13,952
  • Dec 7, 2011 4:38am Dec 7, 2011 4:38am
Quoting bumapatria
look at it this way. would buyers buy high? if u were in a shop buying in your favorite lcothing label store say quiksilver, would u rather buy the discounted goods or the ones that are more expenseive?

usually when there is a sharp rise think of it. are the proffessionals really going to buy now? is it too 'expensive' to be buying now?


then again i might just be ranting.

Never underestimate the herd/sheep/lemmings... their force and irrationality cannot be understood.

Kinda like pass the hot potato.


It appears gold or GLD has become too big to fail.
The market cap on the etf alone is worrisome. Why someone would place their pension fund(s) in a metal etf is beyond me.

Although I wonder where the buy orders are getting their profits from considering buy volume is substantially larger than sell. (3-4X)
Seems like a ponzi scheme to me.
  • #13,953
  • Dec 7, 2011 4:42am Dec 7, 2011 4:42am
Quoting Warwick
Never underestimate the herd/sheep/lemmings... their force and irrationality cannot be understood.

Kinda like pass the hot potato.


It appears gold or GLD has become too big to fail.
The market cap on the etf alone is worrisome. Why someone would place their pension fund(s) in a metal etf is beyond me.

Although I wonder where the buy orders are getting their profits from considering buy volume is substantially larger than sell. (3-4X)
Seems like a ponzi scheme to me.

LOL ponzi scheme? hehe

honestly i think sellers are traping buyers for now. i mean if i wont buy it chances are others wont buy it as well, unless we got some postivie news and all.
Have I got something on my face, SOLDIER?
  • #13,954
  • Dec 7, 2011 4:46am Dec 7, 2011 4:46am
Quoting bumapatria
LOL ponzi scheme? hehe

honestly i think sellers are traping buyers for now. i mean if i wont buy it chances are others wont buy it as well, unless we got some postivie news and all.
lol, I kid you not ... it's the way I feel.

Many days I look at gold when it skyrockets and I'm there wondering....

Well... who's loosing money here If the overall market is long/bullish?
  • #13,955
  • Dec 7, 2011 4:48am Dec 7, 2011 4:48am
Quoting Warwick
lol, I kid you not ... it's the way I feel.

Many days I look at gold when it skyrockets and I'm there wondering....

Well... who's loosing money here If the overall market is long/bullish?

whos losing money when it aint so bullish ?

i am a trader i trade intraday gold i dont invest in it, and am not afraid to long or short it

said with courage
Have I got something on my face, SOLDIER?
  • #13,956
  • Dec 7, 2011 5:04am Dec 7, 2011 5:04am
Quoting Sreym33
what kind of stop loss do you have on, if any?
Sorry Sreym33 missed this somehow... SL was set at $1700 psych level but I may have dropped it if needs be...
  • #13,957
  • Dec 7, 2011 5:16am Dec 7, 2011 5:16am
[quote=XTrade;5195963]Why wouldI mind.... Because I am the evil dictator???

WTF is a cobra head or snake.????????????


TBH I had no idea, I only found some reference on Google, ForexFacts over to you...
  • #13,958
  • Dec 7, 2011 5:27am Dec 7, 2011 5:27am
hey whatfx did u hold that short?

if u did well done
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Have I got something on my face, SOLDIER?
  • #13,959
  • Dec 7, 2011 5:33am Dec 7, 2011 5:33am
Quoting bumapatria
hey whatfx did u hold that short?

if u did well done

yes, i did. in profit now !
  • #13,960
  • Dec 7, 2011 5:39am Dec 7, 2011 5:39am
on the 30min chart a double top formed between 1733 and 1725.5. Looks like it could go to 1717. 1714 is 38% retr so i would consider adding to longs around 1715.
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