http://www.bloomberg.com/news/2011-1...r-bars-1-.html
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #14,142
- Dec 10, 2011 10:31am Dec 10, 2011 10:31am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #14,143
- Dec 10, 2011 11:21am Dec 10, 2011 11:21am
- Joined Nov 2007 | Status: Conscious Incompetence | 3,274 Posts
Don't wish it were easier, wish you were better. ~ Jim Rohn
- #14,145
- Dec 10, 2011 6:04pm Dec 10, 2011 6:04pm
To be honest, nor am I! This triangle looks rather symmetrical to me, meaning price could go either way, plus it is hanging around the 50% fib retracement, plus it is now in the zone that Bemac warned us about with this chart of his.......
however, we are still above the important ICCE level of 1706 (which has been tested many times now, particularly over lower timeframes), so ultimately if I was to make a choice I would be long probably with a stop just below 1700, although with the current level dropping from mid 20s to...
Life's a bitch....so be a dog and cover it!
- #14,146
- Dec 10, 2011 11:35pm Dec 10, 2011 11:35pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
To be honest, nor am I! This triangle looks rather symmetrical to me, meaning price could go either way, plus it is hanging around the 50% fib retracement, plus it is now in the zone that Bemac warned us about with this chart of his.......
however, we are still above the important ICCE level of 1706 (which has been tested many times now, particularly over lower timeframes), so ultimately if I was to make a choice I would be long probably with a stop just below 1700, although with the current level dropping from mid 20s to...
One Comment & Mike can Chime in on this too, if he catches it.
For the last decade, I always allow for E-Noise. Before I had BRN as a name I had Handles. I also had the equivelant of SRNs Small Round Numbers.
My Liberal Allowance for Noise @ RNs is x.x180 to x.x220.
A 40 Full Pip Zone. 20 Pips Under to 20 Pips Above.
Hence: You won't find me placing Stops at RNs. Big Or Small.
Also the reason I think I can sneak in Under 1,700.
B
- #14,147
- Dec 10, 2011 11:52pm Dec 10, 2011 11:52pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
Gotta just Love it.
This is from a 5 year Member to a 4 Year Member.
Gotta love Seniority.
OR
Respect Time.
Just the Facts Man... Just The Facts.
B
"Five gold bars and 15 silver bars underlie eight Comex contracts between the brokerage and client Jason Fane of Ithaca, New York, London-based HSBC said in a court filing yesterday. Both parties have asserted claims to the bars, creating difficulties for HSBC, which is storing them, the bank said, asking a judge to decide who the rightful owner is."
To me... The Gold is not in question, just Who has the Biggest Paper Claiming it.
Claim Jumping is alive & well & wears a White Collar.
B
- #14,149
- Dec 11, 2011 5:31am Dec 11, 2011 5:31am
My Liberal Allowance for Noise @ RNs is x.x180 to x.x220.
A 40 Full Pip Zone. 20 Pips Under to 20 Pips Above.
Hence: You won't find me placing Stops at RNs. Big Or Small.
Also the reason I think I can sneak in Under 1,700.
B
- #14,150
- Dec 11, 2011 4:57pm Dec 11, 2011 4:57pm
Pretty Good. How do I subscribe to your Newsletter?
B
Seriously though, looks like another volatile week ahead, with rumours of bank defaults followed swiftly by denials (refer audusd thread, post 37468), the risk on / risk off trade seesaw will be in full swing - ugh!!
- #14,151
- Dec 11, 2011 7:27pm Dec 11, 2011 7:27pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #14,152
- Dec 11, 2011 8:35pm Dec 11, 2011 8:35pm
Screw is tightening.
Friday was an inside day of Thursday and the weekly bar was inside the previous week.
to be or not to be.with the volatility......it could bounce up n down pretty radically.
Life's a bitch....so be a dog and cover it!
Hi All,
I need your technical review over below point.
I have seen that on 28th November Gold has created big window before becoming bullish. Do you all think that Gold will fall back to close this window? This window is seen on 10min, 30min & 5hrs candlestick charts. Most of you feel that it is bullish. I am hesitant to but gold. rather I am on short side on all possible highs.
Please share you views.
Finally gold has filled the gap which was created on 28th November. I had 2 lots short at $ 1740. Its time to close one position. Still holding on to one.
Cheers
Rahul
- #14,155
- Dec 11, 2011 11:19pm Dec 11, 2011 11:19pm
Bingo..!!
Finally gold has filled the gap which was created on 28th November. I had 2 lots short at $ 1740. Its time to close one position. Still holding on to one.
Cheers
Rahul
spot on Rahul! so what's you think the next target? 1680 is become new support.
cheers
torazbika
- #14,160
- Edited 1:56am Dec 12, 2011 1:21am | Edited 1:56am
Correction
I dont think we are going to 2000$ to the end of the year.It just not looks like now
But when it will rise to 2000 many ppl will be rich
I have sell on 1699.
What about you?
Its just not rising
I dont know why gold and eurusd are so much correlated now.