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

  • #14,921
  • Dec 30, 2011 8:00am Dec 30, 2011 8:00am
Quoting balisurfer
if it's gonna going down, which level is become important thing?
I saw 1564 has broken. You know that a few hours later 1564 level is important level to going up to 1570-
see your private message i sent a txt to you
Trading by EA
  • #14,922
  • Dec 30, 2011 8:09am Dec 30, 2011 8:09am
Quoting balisurfer
if it's gonna going down, which level is become important thing?
I saw 1564 has broken. You know that a few hours later 1564 level is important level to going up to 1570-
see where you are seeing broken this level
Attached Image (click to enlarge)
Click to Enlarge Name: gold2.gif Size: 14 KB
Trading by EA
  • #14,923
  • Dec 30, 2011 10:06am Dec 30, 2011 10:06am
Still sitting on 1527 long and added at:

1538 (break of yesterdays base-forming range high) and
1563 (break of yesterday's DH on pin action)

18DMA now at 1626 and crossing the 200DMA there and coincidentally also the 200EMA (1627) so will aim to take some positions off there.

Also jumped back in GBP, NZD and AUD.
I have no enemy; I make Incautiousness my Enemy.
  • #14,924
  • Dec 30, 2011 10:43am Dec 30, 2011 10:43am
Now approaching another of my points of interest,1581. if cleared, next is 1596 before our dear 1600. Fingers crossed. Now well into the money. Stop loss of 1545 buy now at 1567. 1567 buy stop loss at 1569. Fingers crossed
  • #14,925
  • Dec 30, 2011 1:59pm Dec 30, 2011 1:59pm
Quoting birons
.... Bix Weir calling a .....
Who? Nevermind.

But I have been saying since forever, it seems, that the correction from alltime highs is not over.

The bull only traders don't want to hear it. They would rather see :nerd:a bottom and go long no matter that price action says not yet.
  • #14,926
  • Dec 30, 2011 4:15pm Dec 30, 2011 4:15pm
Welcome and thanks for your post.
Quoting muntu ntu
@ Birons
I don't know much about Parabolic SAR, but attached chart displays ADX/DMI, from the same Mr Wilder, that agrees with your analysis.
Anyway I am at BE with my short 2 days ago and will wait there, either to get out or become really aggressive.

Till then, 2012 pips to all !

Not sure if anyone here uses the Parabolic SAR indicator but I use it to get a feel of where the trend maybe going. What I've noted is that the indicator has shown a shift in momentum. Now it maybe just a false positive as manipulation has been rampant of late...
[/quote]
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,927
  • Dec 30, 2011 4:36pm Dec 30, 2011 4:36pm
awesome DAY.

for AUSSIE and KIWI traders...

Not too shabby for gold either.

AUD and NZD both came back strong from the eurozone scare selloff

and broke resistances leaving us only lower than the highs
AUD 1.027 appx and kiwi testing 7800 resistance before coming down 30 pips.

Cable is looking for some comeback as well.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,928
  • Dec 30, 2011 5:17pm Dec 30, 2011 5:17pm
We Should discuss SAR as the new member muntu ntu has mentioned
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,929
  • Dec 30, 2011 6:06pm Dec 30, 2011 6:06pm
I'd like to take the time to wish all of you contributors and gold bugs that come to the thread a

Happy & Prosperous New Year!

Sincerely,
XT
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,930
  • Dec 30, 2011 7:23pm Dec 30, 2011 7:23pm
@SunTrader

I may be wrong as you can never really tell but it would seem from the tone of your comments you have a problem with me or my analysis. Like I've said numerous times I'm fairly new to this and am still learning. I've been reading this thread for a long time and thought it was time for me to make a contribution.

To clarify I'm neither a bull or bear trader, I just trade what I see. I saw an opportunity to go long so I did, made my profit and now I'm out. My SAR analysis indicated long term bear action but I simply stated that maybe this may not come into fruition. Others have offered analysis that project long term bear action and I am definitely keeping that in mind. If I get a clear entry short I'll take it. In fact looking at my trade history I've been short gold and silver 70% of the time.

I'm in this to make money period. Whether it goes up or down I don't care so long as I'm on the right side of it. I'm not usually in a trade for more than a couple days. I do buy physical as in the bigger picture I see PMs going higher as I'm sure you do.I trade paper and invest physical.



Quoting SunTrader
Who? Nevermind.

But I have been saying since forever, it seems, that the correction from alltime highs is not over.

The bull only traders don't want to hear it. They would rather see :nerd:a bottom and go long no matter that price action says not yet.
  • #14,931
  • Dec 30, 2011 8:17pm Dec 30, 2011 8:17pm
http://img525.imageshack.us/img525/9149/adszykr.jpg
Never change your position without a good reason
  • #14,932
  • Dec 30, 2011 8:29pm Dec 30, 2011 8:29pm
Quoting birons
@SunTrader

I may be wrong as you can never really tell but it would seem from the tone of your comments you have a problem with me or my analysis....
Not at all.

My "bull" comment was regarding the majority of traders who only go one way.

Watch for confirmation bottom is put in. There will be plenty of time to get long once that happens.

But in the meantime if you are nimble nothing wrong with quick pops or drops.

My other comment about Bix Weir, who I truthfully never heard of until googling the name, - in my opinion it is best to follow your own voice and the charts and if you have to some fundamentals.

There will always be someone pro and con talking about whatever market.

Good trading.

And Happy New Year and Great 2012 all!!

  • #14,933
  • Dec 30, 2011 9:24pm Dec 30, 2011 9:24pm
Thanks for clarifying SunTrader. Let's see how it plays out in Jan.
  • #14,934
  • Dec 30, 2011 9:45pm Dec 30, 2011 9:45pm
I have a method that could effect a 10% Positive Difference in your account in just Two Trading days and All You have to do... If you are already Flat...
is....






Nothing.





If you are Unsure to Any Extent...
Stand aside for the next few days.
A week would probably be better.

See you in a week or so. I will stand aside to let them go bare knuckles for a while.

Happy Hogmonay.
"To Protect & Serve Cargo"
B
  • #14,935
  • Dec 31, 2011 3:31am Dec 31, 2011 3:31am
the cycle has just begun... 15k ounce gold

Inserted Video


some rejection at my level.
could go to white arrow.

Attached Image (click to enlarge)
Click to Enlarge Name: xag_usd_daily.jpg Size: 115 KB
  • #14,936
  • Dec 31, 2011 7:02pm Dec 31, 2011 7:02pm
Let me have the honor of the first 2012 post on this thead and welcome you into the brand new year! May we trade what we see and not what we think or hope!

Hotep!
Patience is magic
  • #14,937
  • Jan 1, 2012 1:35am Jan 1, 2012 1:35am
Gold uptrend still remain. It has broken 1600 important support, but we yet to confirm trend reversal. Based on the negative correlation with USDX (-61), Gold may have tendency to break 1500.


Looking at the daily chart, Gold formed a couple of lower highs. This is a early signal of trend reversal.


http://lcchong.files.wordpress.com/2...ng?w=837&h=379


http://lcchong.files.wordpress.com/2...ng?w=837&h=379
  • #14,938
  • Jan 1, 2012 3:48am Jan 1, 2012 3:48am
Happy New Year to all.
I wish you successful trading in the new 2012
  • #14,939
  • Jan 1, 2012 8:51am Jan 1, 2012 8:51am
Quoting muntu ntu
Let me have the honor of the first 2012 post on this thead and welcome you into the brand new year! May we trade what we see and not what we think or hope!

Hotep!
Amen brother.

Or not what some blogger/youtuber/soothsayer/prognosticator/guru sees.

2012 here we come.
  • #14,940
  • Jan 1, 2012 9:27am Jan 1, 2012 9:27am
Quoting muntu ntu
Let me have the honor of the first 2012 post on this thead and welcome you into the brand new year! May we trade what we see and not what we think or hope!

Hotep!

What do you '"see" for this week, going up or down, share with us what you see

Same goes to Suntrader what do you See

In other words "Vote" as Xtrade has initiated, if you See a direction, share with us.
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