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

  • #14,381
  • Dec 14, 2011 11:29am Dec 14, 2011 11:29am
Quoting Bootleger
Because it is a regulatory. He's doing that for an IPO so he needs to get the approval first and the delay was 2 weeks. And I think that those 2 weeks and coming due by tomorrow, I would have to verify. So basically, the reason is for regulatory approval.
oh ok, Thanks for the information
  • #14,382
  • Dec 14, 2011 11:32am Dec 14, 2011 11:32am
The butterfly is on H4 AND D1 + we hit the bottom trendline...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: buterfly_daily.gif Size: 22 KB
Click to Enlarge Name: trendline.gif Size: 11 KB
  • #14,383
  • Dec 14, 2011 11:41am Dec 14, 2011 11:41am
We are in seriously oversold territory.

I am taking a long.

Stopped out at 50 pip loss on AUD trade.

Long GBP/USD
and Aussie again....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,384
  • Dec 14, 2011 11:43am Dec 14, 2011 11:43am
Nice charts. I love butterflys and Gartleys

Welcome to the thread. Hope you can find a home here.


X
Quoting Walt
The butterfly is on H4 AND D1 + we hit the bottom trendline...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,385
  • Dec 14, 2011 11:44am Dec 14, 2011 11:44am
Let's take a look at the weekly channel..

Chart coming up.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,386
  • Dec 14, 2011 11:47am Dec 14, 2011 11:47am
Quoting XTrade
Nice charts. I love butterflys and Gartleys

Welcome to the thread. Hope you can find a home here.


X
Hi X,

Thank you, I've been following this thread for some time, I hope I can contribute to it.

All the best and green pips !

Walt
  • #14,387
  • Dec 14, 2011 11:52am Dec 14, 2011 11:52am
M30 forming bearish pinbar.Someone look at it and verify pls
  • #14,388
  • Dec 14, 2011 11:55am Dec 14, 2011 11:55am
lets hope its up and up from now. + 8 on long so far...
  • #14,389
  • Dec 14, 2011 11:58am Dec 14, 2011 11:58am
I wouldn't f*ck with a butterfly on D1...



W
  • #14,390
  • Dec 14, 2011 12:04pm Dec 14, 2011 12:04pm
guys pls tell me what is low of the day.My broker says 1563
  • #14,391
  • Dec 14, 2011 12:16pm Dec 14, 2011 12:16pm
Quoting Ravissek
guys pls tell me what is low of the day.My broker says 1563
I have 1563.63
  • #14,392
  • Dec 14, 2011 12:18pm Dec 14, 2011 12:18pm
Quoting Walt
I have 1563.63
Thank you =)))
Green pips to you
  • #14,393
  • Dec 14, 2011 1:07pm Dec 14, 2011 1:07pm
Just a heads up, there was a butterfly on the H4 last night (around 10pm EST), however the drop this morning to 15xx broke the butterfly on H4 and formed a butterfly on the D1...
  • #14,394
  • Dec 14, 2011 1:18pm Dec 14, 2011 1:18pm
Well, stocks were not down too far today and the dollar index wasn't up a huge amount. Obviously some kind of liquidation sell off so it's hard to call the bottom of this but, what are the thoughts in the thread, are we headed to 1450 on a 'C' move or is this the bottom of a bullish butterfly?
I was interested to hear about the 1.5 billion silver purchase that is pending, didn't know that... wonder what effect that will have on the market. Billionaires become that way by driving the market down before buying. Will we see it roar back or consolidate lower?
  • #14,395
  • Dec 14, 2011 1:19pm Dec 14, 2011 1:19pm
I am in huge loss in gold. i am in buy position from yesterday. please suggest me when the gold will going up? save me.
  • #14,396
  • Dec 14, 2011 1:22pm Dec 14, 2011 1:22pm
Quoting Sreym33
Well, stocks were not down too far today and the dollar index wasn't up a huge amount. Obviously some kind of liquidation sell off so it's hard to call the bottom of this but, what are the thoughts in the thread, are we headed to 1450 on a 'C' move or is this the bottom of a bullish butterfly?
I was interested to hear about the 1.5 billion silver purchase that is pending, didn't know that... wonder what effect that will have on the market. Billionaires become that way by driving the market down before buying. Will we see it roar back or consolidate...

tbh hard to say at this stage. we will know by tomorrow. iam expecting a rally, but who knows.

maybe its a year end correction likely to last until end december.
  • #14,397
  • Dec 14, 2011 1:29pm Dec 14, 2011 1:29pm
Quoting whatfx
tbh hard to say at this stage. we will know by tomorrow. iam expecting a rally, but who knows.

maybe its a year end correction likely to last until end december.
rally up tomorrow? =) i thing dogbreath saying it too.
  • #14,398
  • Dec 14, 2011 1:59pm Dec 14, 2011 1:59pm
1653 break and another seloff? OMG I do not want have it gold is crazy
  • #14,399
  • Dec 14, 2011 2:10pm Dec 14, 2011 2:10pm
Why look for a reason for selloff. Its going down, that is the trend.

Worry about a buy point once it turns.

Forexpros website, among many others, show bullish consensus of small traders is still 75%+ bullish. I hope it stays that way. Means more downside to come contrarian basis, which is what I believe is likely anyway.
  • #14,400
  • Dec 14, 2011 2:16pm Dec 14, 2011 2:16pm
Quoting SunTrader
Why look for a reason for selloff. Its going down, that is the trend.

Worry about a buy point once it turns.

Forexpros website, among many others, show bullish consensus of small traders is still 75%+ bullish. I hope it stays that way. Means more downside to come contrarian basis, which is what I believe is likely anyway.
I dont have free margin now...So its bad.
I was might run the "1700" sell ...
I am such a noob in keeping positions...
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