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

  • #14,661
  • Dec 18, 2011 10:46pm Dec 18, 2011 10:46pm
I still believe gold will test 1530 level demand.
I have not touched my account for last 10 days.
probably start in Jan.
the main lesson I believe and learned is.
keeping the fact that 95% in this business loose their equity
If you are not making loss then you are making indirect profit
  • #14,662
  • Dec 18, 2011 10:48pm Dec 18, 2011 10:48pm
bemac please never leave us!
Quoting Bemac
With Hat in hand I stand before you to report that ne'r a child has responded Open Wisely to beratement.

Open the box from which you choose to feed.

B
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,663
  • Dec 18, 2011 10:48pm Dec 18, 2011 10:48pm
Quoting lilpip
In your channel you have 1655 jotted down in black, what is the significance of that price to you ?
Yeah, that's just an alarm I set on my platform to text me when gold hits that price. I try not to stare at the charts.
  • #14,664
  • Dec 18, 2011 10:52pm Dec 18, 2011 10:52pm
Quoting XTrade
THANK YOU and stop fucking DOUBTING yourself MAN. I swear that is probably worse than overtrading...................................................................
Although it may needed to be said, dont extinguish the spirit in the process as its part of the learning process, both overtrading and the doubting will be cut back when experiences gives inner strength and control.
  • #14,665
  • Dec 18, 2011 10:53pm Dec 18, 2011 10:53pm
Quoting Roncho
Yeah, that's just an alarm I set on my platform to text me when gold hits that price. I try not to stare at the charts.
so why that price?
  • #14,666
  • Dec 18, 2011 10:54pm Dec 18, 2011 10:54pm
not sure on 1530.

I'm back in profit. won't argue with ya but there are channels and respect and
t h e c n i c a l type things happenen here.. so..............
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,667
  • Dec 18, 2011 10:58pm Dec 18, 2011 10:58pm
I don't care if it's DEC 2011 or second quarter 2013

this bitch is going above 2000..

Heed and mark my words.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,668
  • Dec 18, 2011 11:08pm Dec 18, 2011 11:08pm
Quoting XTrade
Lilpip

how are ya mate!
Ill say its going to be an interesting start to the 1st quarter of the new year.
Just admiring the price action of both silver and finally golds drop from their yearly highs on the weekly charts.
I will use patience as the bull/bear sceinerio unfolds as I wouldnt want to dout myself. (ha,ha)
  • #14,669
  • Dec 18, 2011 11:11pm Dec 18, 2011 11:11pm
Quoting lilpip
Ill say its going to be an interesting start to the 1st quarter of the new year.
Just admiring the price action of both silver and finally golds drop from their yearly highs on the weekly charts.
I will use patience as the bull/bear sceinerio unfolds as I wouldnt want to dout myself. (ha,ha)
Agreed, and equally surprised.........

let's sum it up to simple risk off and profit taking.

the bidding war will start soon...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,670
  • Dec 18, 2011 11:13pm Dec 18, 2011 11:13pm
Quoting XTrade
I don't care if it's DEC 2011 or second quarter 2013

this bitch is going above 2000..

Heed and mark my words.
Whooahhh there Big Fella...
I Agree But the bell rang for "Playtime" Playtime in this genre will conclude sometime Mid to Late January.
Step Down. Hug a Few & perhaps even remember why your Home Address is what it is. I Like you guys. But I'm not searching my brain to find the perfect Santa Gift. (I still have 2 more to go)
Selfish & Proud? Damn Absaflog. I worked for it & They deserve it.
ps. sorry if it cost you.
B
  • #14,671
  • Dec 18, 2011 11:15pm Dec 18, 2011 11:15pm
Long
Cable
AUD
NZD

shooting for a buck and a half 150 or so pips

stop in the 60+ pip range.

Maybe we'll have a nice week, doubt ir, but maybe.

already long gold from bottom of weekly channel.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,672
  • Dec 18, 2011 11:22pm Dec 18, 2011 11:22pm
Quoting XTrade
Long
Cable
AUD
NZD

shooting for a buck and a half 150 or so pips

stop in the 60+ pip range.

Maybe we'll have a nice week, doubt ir, but maybe.

already long gold from bottom of weekly channel.
Weak Week is the best you can hope for in the Markets.
Hug A Few looks Bullish to me.
B
  • #14,673
  • Dec 18, 2011 11:24pm Dec 18, 2011 11:24pm
Quoting lilpip
As of fri close 2012 single yearly timeframe pivot.
1915
1605
1305
and silvers
50
35
20-24
My question of the week is will we get a 2nd weekly close below $30 ?
  • #14,674
  • Dec 19, 2011 2:50am Dec 19, 2011 2:50am
Quoting Bemac
Right Here Sir.
No worries Mate. The Markets just Opened. Give us your Shout on Gold. Up or Down? Long Or Short or the abaned ASIDE?
Your call.
Toss a hat In.

B
I am long from 1572 looking for first stop at 1621 ( 200 dma)
I have no enemy; I make Incautiousness my Enemy.
  • #14,675
  • Dec 19, 2011 3:08am Dec 19, 2011 3:08am
Short gold and aussie since the open.
Now at B E.

Quoting XTrade
I Don't SEE ANY VOTES HERE>>>

BTW Mine was for weekly CLOSE UP ^^^

Sorry know the market opened. But I just got home.
Patience is magic
  • #14,676
  • Dec 19, 2011 3:44am Dec 19, 2011 3:44am
Quoting lilpip
so why that price?
Well, usually don't do short term, but if you look at the 1hr chart I have attached.
Upcoming levels to watch are 1745, 1675, 1720, 1740. With 1640-1660 a psychological level to watch from Sept-Oct this year.
Coincidentally it also approximately matches with the half point region of my channel.
So Just watching the price that's all. If price encounters difficulty there, I'll close half my lots and watch. Otherwise its to the next level.

Hope this provides better info.
Attached Image (click to enlarge)
Click to Enlarge Name: goldchart(2008-2011)2.jpg Size: 243 KB
  • #14,677
  • Dec 19, 2011 6:16am Dec 19, 2011 6:16am
Quoting XTrade
No one really knows what "goes on"

we all just speculate to the best of our abilities....
X,

Thank you. I was going to mention something about ... don't follow me what do I know trade at your own risk blab blah

As if someone needs to be told that but I didn't want to step on your toes.

Now about the dollar - maybe it shouldn't have strength but it does, recently anyway, and I find it hard to go against until the uptrend shows some kind of reversal.

Just my 2cents.
  • #14,678
  • Edited 6:58am Dec 19, 2011 6:43am | Edited 6:58am
"The new president of the European Central Bank (ECB) Mario Draghi Sunday in an interview with the Financial Times admitted the possibility of disintegration of the euro area, which his predecessor, Jean-Claude Trichet, considered absurd. He added that the situation would be worse for countries that the euro will leave. He said, however, that the ECB will not buy government bonds indebted countries, or print money"
translated from czech language so i am sorry for language mistakes
  • #14,679
  • Dec 19, 2011 8:19am Dec 19, 2011 8:19am
(for my consumption later )
Attached Image (click to enlarge)
Click to Enlarge Name: gld02.gif Size: 19 KB
  • #14,680
  • Dec 19, 2011 11:56am Dec 19, 2011 11:56am
Seems to me the only reasonable thing now in commodities trading these last days of the years is scalping. I've been scalping in the direction of shorts and it's giving me a success rate of 80 to 90%.
Can't be certain that the correction is through..... still a significant tendency to the downside.
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