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

  • #13,961
  • Dec 7, 2011 6:14am Dec 7, 2011 6:14am
Quoting nim1984
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.
Sorry but buying on short term top is bullshit,look at the price now.its better to wacth and think .Not only open some shit and look at it.Pls think about it.It can go down to 1717 easily and you are buying on 1730 :-/
When you want make money why you dont open buy on 1700-1710?
  • #13,962
  • Dec 7, 2011 6:18am Dec 7, 2011 6:18am
Quoting nim1984
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.
price is presently bouncing off of the fib area of 1721. unless it breaks below it then i may have to close my short for a small profit.

will keep a close eye on it.
  • #13,963
  • Dec 7, 2011 6:35am Dec 7, 2011 6:35am
if 1718.20 on gold is met at 20 more m30 bars which i think is around 10 hours from now? if im not mistaken its 10 hours from now

i would go long.
Have I got something on my face, SOLDIER?
  • #13,964
  • Dec 7, 2011 6:45am Dec 7, 2011 6:45am
Quoting bumapatria
if 1718.20 on gold is met at 20 more m30 bars which i think is around 10 hours from now? if im not mistaken its 10 hours from now

i would go long.
exiting, can you share explanation?
Don't be a hero. Don't have an ego. Always question yourself
  • #13,965
  • Dec 7, 2011 6:49am Dec 7, 2011 6:49am
In long distant trading I see gold price 1600.xx bears

it is only opinion
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  • #13,966
  • Dec 7, 2011 6:54am Dec 7, 2011 6:54am
Quoting Doncex
In long distant trading I see gold price 1600.xx bears

it is only opinion
do not dare telling people, but level crossed my mind
Don't be a hero. Don't have an ego. Always question yourself
  • #13,967
  • Dec 7, 2011 6:55am Dec 7, 2011 6:55am
Quoting USD-Bear
exiting, can you share explanation?
sure bear, if x axis meets y axis,
x axis being time, y axis being price we get an crosshair, therefore price and time meet theoretically giving an inevitable swing.


judging the best scenario for me to long the price and time, i would like to see a sort of sloping downward motion making a v upwards.

the yellow crosshair is the possible best scenario to long for me.
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Have I got something on my face, SOLDIER?
  • #13,968
  • Dec 7, 2011 7:00am Dec 7, 2011 7:00am
Quoting bumapatria
sure bear, if x axis meets y axis,
x axis being time, y axis being price we get an crosshair, therefore price and time meet theoretically giving an inevitable swing.


judging the best scenario for me to long the price and time, i would like to see a sort of sloping downward motion making a v upwards.

the yellow crosshair is the possible best scenario to long for me.
ic, thanks, looking bit lower myself, but the beast prob gets my 1735 SL
Don't be a hero. Don't have an ego. Always question yourself
  • #13,969
  • Dec 7, 2011 7:03am Dec 7, 2011 7:03am
Quoting USD-Bear
ic, thanks, looking bit lower myself, but the beast prob gets my 1735 SL
yep one thing i cant figure out bout ur charts is the fact that u are totally naked. ur hcart, not u ,....


thats awesome.

i can do that but stil with lines for supply demand zones.

whats in that head of urs big bear... .
Have I got something on my face, SOLDIER?
  • #13,970
  • Dec 7, 2011 7:13am Dec 7, 2011 7:13am
gold is awfully close to a breakout of the triangle on the weekly/daily, only $25 either way. wonder if the ECB meeting tomorrow will cause it?
  • #13,971
  • Dec 7, 2011 7:16am Dec 7, 2011 7:16am
Quoting bumapatria
yep one thing i cant figure out bout ur charts is the fact that u are totally naked. ur hcart, not u ,....


thats awesome.

i can do that but stil with lines for supply demand zones.

whats in that head of urs big bear... .
well, everyone his own method as long as it works.
Mine are partly based on fundie thinking, pivot levels (mostly weekly and monthly), relative performance against USD-Index and preferable horizontal levels as I see them in PA.
I've lost almost all my indicators during the years, they often add negative contribution in my results.
Has been few month ago since trading gold, so have to re-learn its character, so will peek here to learn from you guys

M15:
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Don't be a hero. Don't have an ego. Always question yourself
  • #13,972
  • Dec 7, 2011 7:34am Dec 7, 2011 7:34am
usd bear, what is the target for your short?
  • #13,973
  • Dec 7, 2011 7:39am Dec 7, 2011 7:39am
Quoting USD-Bear
ic, thanks, looking bit lower myself, but the beast prob gets my 1735 SL
damn stopped
Don't be a hero. Don't have an ego. Always question yourself
  • #13,974
  • Dec 7, 2011 7:40am Dec 7, 2011 7:40am
Quoting nim1984
usd bear, what is the target for your short?
1610 it was but bastards got me....., now waiting for 1750
Don't be a hero. Don't have an ego. Always question yourself
  • #13,975
  • Dec 7, 2011 7:41am Dec 7, 2011 7:41am
ECB loosens collateral rules, gold shot up $11
  • #13,976
  • Dec 7, 2011 7:42am Dec 7, 2011 7:42am
Quoting USD-Bear
1610 it was but bastards got me.....
lol, never bet against the central banks, you know more easing is coming!!
  • #13,977
  • Dec 7, 2011 7:48am Dec 7, 2011 7:48am
Guys, now that ECB is out, what is the best indicators to use to guide our trade?
  • #13,978
  • Dec 7, 2011 7:53am Dec 7, 2011 7:53am
haha nice jump up on gold!
Have I got something on my face, SOLDIER?
  • #13,979
  • Dec 7, 2011 8:02am Dec 7, 2011 8:02am
bot some more at 1733.4, aiming for 1747.

used the technique of buying on the 'hook' after the breakout above 1733, learned about it from this forum, forget the user who talked about it, he has a big thread going on
  • #13,980
  • Dec 7, 2011 8:09am Dec 7, 2011 8:09am
i just short at 1732 because i notice its not strong enough to break resistance and it has just created a new high... looking to close at 1723
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