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

  • #14,081
  • Edited 10:24am Dec 8, 2011 10:22am | Edited 10:24am
long at 1704.60 because large day range done, and seasonally I am expecting rally into end of year.

although it looks like a nasty outside day down, in fact we havent been able to break out of the range between 21NOV low and 02DEC high.

tomorrow more big news that may bring good news to the EURo Zone and perhaps that will be our rocket launch.

STOP set 1700 (06DEC low)
I have no enemy; I make Incautiousness my Enemy.
  • #14,082
  • Edited 10:23am Dec 8, 2011 10:23am | Edited 10:23am
Quoting SunTrader
Be afraid, be very afraid.

The best of the biggest that fail think that way until.......



Really, do as you wish. I have experience down that path though and happen to think differently.


naaah. i wont fail, dont worry.

when it comes to trading, iam the biggest scrooge there is.

i always play it safe and extra cautious. i have NEVER been in the red with gold. always in the plus.

currencies, are a different matter though....
  • #14,083
  • Dec 8, 2011 10:23am Dec 8, 2011 10:23am
Quoting LasVahGoose
Stop at breakeven + 10 cents. Target 2000. Hit target or stop out I don't care, free trade.
Stopped out. It was a good trade with such a nice entry, but I'm already over you. Watching and waiting for the next one.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #14,084
  • Dec 8, 2011 10:24am Dec 8, 2011 10:24am
i regret closing my short at 1715 !
  • #14,085
  • Dec 8, 2011 10:31am Dec 8, 2011 10:31am
long at 1709, with half the size.
  • #14,086
  • Dec 8, 2011 10:49am Dec 8, 2011 10:49am
Testing the waters, 1/3 position longed from 1713.
  • #14,087
  • Dec 8, 2011 11:00am Dec 8, 2011 11:00am
11:55a
Obama supports move to European fiscal compact

11:53a
Obama: Very concerned about events in Europe

Streaming Headlines in http://www.marketwatch.com/
I have no enemy; I make Incautiousness my Enemy.
  • #14,088
  • Dec 8, 2011 11:45am Dec 8, 2011 11:45am
Perhaps, I longed too early. There's still potential to the downside. exited at -4 dollar move. Wait to see how price behaves at 1700
  • #14,089
  • Dec 8, 2011 11:59am Dec 8, 2011 11:59am
Fresh Perspective courtesy ICCE 'Channel'. Not sure if there is such a think as an ICCE channel because I just made it up.



.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-12-08_11-57_Trading Point MT.jpg Size: 154 KB
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #14,090
  • Dec 8, 2011 12:17pm Dec 8, 2011 12:17pm
sigh, to think I loaded up on gold at 1750 only to unload half at 1745 and the other half at 1735...
Kill the ego, or it will kill the mission.
  • #14,091
  • Dec 8, 2011 12:37pm Dec 8, 2011 12:37pm
Quoting AaronWard
sigh, to think I loaded up on gold at 1750 only to unload half at 1745 and the other half at 1735...
Too late now but the last time Gold closed above 1750 was Nov 16th. Getting in before the crowd has its costs when wrong.

I been saying and still believe (until proven wrong) that correction from alltime highs is not over. EW shows wave 3 of Wave 3 of C. More down to come, if correct.
  • #14,092
  • Dec 8, 2011 12:48pm Dec 8, 2011 12:48pm
then Gold must go higher above 1750 ?
Quoting SunTrader
Too late now but the last time Gold closed above 1750 was Nov 16th. Getting in before the crowd has its costs when wrong.

I been saying and still believe (until proven wrong) that correction from alltime highs is not over. EW shows wave 3 of Wave 3 of C. More down to come, if correct.
  • #14,093
  • Dec 8, 2011 12:55pm Dec 8, 2011 12:55pm
Quoting stevebalmmer
then Gold must go higher above 1750 ?
Close above 1750 or even better close above swing high of 1763.25 then current EW pattern is cancelled and most likely bull trend is resuming. Though probababilities say that ain't happening.
  • #14,094
  • Dec 8, 2011 1:24pm Dec 8, 2011 1:24pm
Quoting SunTrader
Too late now but the last time Gold closed above 1750 was Nov 16th. Getting in before the crowd has its costs when wrong.

I been saying and still believe (until proven wrong) that correction from alltime highs is not over. EW shows wave 3 of Wave 3 of C. More down to come, if correct.
Yeah, I mostly agree. I come at it from a different direction. Gold has lost its trend and seems to be floating on the USD. USD up == gold down. In other words it is behaving like a risk on asset. USD is approaching strong resistance on most charts and equities are due for either a correction south or a strong bull run south. Besides we have that beautiful attractor of a required double bottom down at 1530.
Kill the ego, or it will kill the mission.
  • #14,095
  • Dec 8, 2011 1:39pm Dec 8, 2011 1:39pm
The bullish Trend is go long!
Quoting SunTrader
Close above 1750 or even better close above swing high of 1763.25 then current EW pattern is cancelled and most likely bull trend is resuming. Though probababilities say that ain't happening.
  • #14,096
  • Dec 8, 2011 2:50pm Dec 8, 2011 2:50pm
Quoting USD-Bear
ah well, holding on to my 1610 target, now just waiting for another bullshit news for next counter
Sorry X... but I hope you enjoy...

Inserted Video
  • #14,097
  • Dec 8, 2011 5:21pm Dec 8, 2011 5:21pm
Pair: 15 min Silver
EA: Pippo
Timespan: 11/9 - 12/08
Profit: $1,652
Profit Factor: 6.3
lot sizes: .02, .06 .12
Attached Image (click to enlarge)
Click to Enlarge Name: graph.png Size: 7 KB


This is an EA I have been testing for several months. As you can see, the performance is super on 15 min silver. Don't want to clutter this thread with EA talk, but am sure (hopefully) Xtrade won't mind me posting my thread here, for a profitable EA.

http://www.forexfactory.com/showthread.php?t=309789

Will be posting more updates there. If anyone can produce a better profit factor manually trading silver please let me know, so we can be best friends!
Attached File(s)
File Type: zip Attachments_2011_12_8.zip   10 KB | 768 downloads
  • #14,098
  • Dec 8, 2011 6:31pm Dec 8, 2011 6:31pm
Quoting LasVahGoose
Fresh Perspective courtesy ICCE 'Channel'. Not sure if there is such a think as an ICCE channel because I just made it up.



.
Yessss... Forward Thinking... I Like that.
ICCE Channels DO Exist.
Check out this Line on Close Chart. Your Pair & TF.
I modified Your Box but Only Slightly.
LS. TOP & BOT are different.
Attached Image (click to enlarge)
Click to Enlarge Name: daily lvgooseanother perspective.gif Size: 39 KB

Notice the Elipse & what PA did in there.
Then check where Price decided it had to Reverse from The Elipse all the way to the End of the Chart.
ICCE Diags are a very important tool in my Trading Toolbelt.

btw. OneDay is working on a "New" version of ICCE that will blow your socks off. I have asked of him, some very difficult params to write, but if he can come up with an answer to those Q's, Your gonna Like it.

I still don't believe it until it has Closed. That may be just a Session Close. Asia Close vs the Americas Close for instance.
I have a tool for that too btw.
Gonna Trim it down so it is Not Too Much Info & then I will post it but it looks like this...
Attached Image (click to enlarge)
Click to Enlarge Name: Open Markets.jpg Size: 64 KB


B
  • #14,099
  • Dec 8, 2011 8:46pm Dec 8, 2011 8:46pm
Quoting stevebalmmer
The bullish Trend is go long!
It is hard to tell if you are asking or telling?????

If you are telling I am telling you I think you are wrong. We will see.
  • #14,100
  • Dec 8, 2011 8:52pm Dec 8, 2011 8:52pm
Quoting Goldmansacks
Sorry X... but I hope you enjoy...
Definitely fun-damental - not technical analysis.

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