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

  • #15,441
  • Edited 3:41pm Jan 17, 2012 3:25pm | Edited 3:41pm
Quoting bumapatria
since its time for my close (12 am)

and going into positive territory , i am holding this short.

this one is a 4h view just to say
k.i.s.(s)

...chart.
  • #15,442
  • Jan 17, 2012 5:45pm Jan 17, 2012 5:45pm
Quoting Knight Rider
k.i.s.(s)

...chart.
hehe dream on on any "kiss" u give me


i do know fundamental price action basics. that is my base actually - everything else is for coolness.... kidding its for time perspective..

take care
Have I got something on my face, SOLDIER?
  • #15,443
  • Jan 17, 2012 6:28pm Jan 17, 2012 6:28pm
Mentioned in a story on Reuters today:

"On physical demand, India hiked its gold import duty by 90 percent and doubled its silver tax on Tuesday as the world's biggest consumer of bullion sought to increase revenues. The moves, which could nearly double duties on both metals, hit shares of Indian jewelers".

Although I still believe the retail market in India is strickly secondary to what central banks and hedge funds do.
  • #15,444
  • Jan 17, 2012 8:58pm Jan 17, 2012 8:58pm
So, will 2000 ever be reached?

Big question.
The Black Swan: The Impact of the Highly Improbable
  • #15,445
  • Jan 18, 2012 2:32am Jan 18, 2012 2:32am
Did anyone short the euro again today during the London Squeeze?

It was like groundhog day all over again when eur/usd reached 1.28.

Went short (again) with very little risk. Now at breakeven and another "free" trade.

That India thing doesn't sound good for gold, does it?

Best,
KR
  • #15,446
  • Jan 18, 2012 2:39am Jan 18, 2012 2:39am
no it doesn;t..


here is a short on eu i took
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Have I got something on my face, SOLDIER?
  • #15,447
  • Edited 3:45am Jan 18, 2012 3:35am | Edited 3:45am
Quoting bumapatria
no it doesn;t..


here is a short on eu i took
Great trade. I shorted eur just above 1.28, but as you can see, markets are being a bit tricky and chasing stops....the market "feeds" where the orders are placed.


KR
  • #15,448
  • Jan 18, 2012 4:18am Jan 18, 2012 4:18am
Only 1 Trillion?

Just shorted eur again (after being stopped out). I bet that took out a load of stops though.

....and just shorted again.

and again.
  • #15,449
  • Jan 18, 2012 4:25am Jan 18, 2012 4:25am
yeah i got s-ed out on the first short for +9. went short again at 2824 - timing wise 2.25 hours till drop - if it rises towards the timeline.

if it stays below 2876 we're safe. target is 1x1 line (red) for the uptrend
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Have I got something on my face, SOLDIER?
  • #15,450
  • Jan 18, 2012 7:58am Jan 18, 2012 7:58am
Quoting mallicks
hello every buddy i have short at 1606 what should do some one plz
I have sells open at 1610....will close them when they hit break even.
Life's a bitch....so be a dog and cover it!
  • #15,451
  • Jan 18, 2012 8:30am Jan 18, 2012 8:30am
nice drops in gold - will bank lower soon maybe
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Have I got something on my face, SOLDIER?
  • #15,452
  • Jan 18, 2012 8:32am Jan 18, 2012 8:32am
"The less you trade, the more money you make"

Joe ROSS
Patience is magic
  • #15,453
  • Jan 18, 2012 8:38am Jan 18, 2012 8:38am
In M1, drawing a line from low Nov08 to low Sep11, last two selloffs prior to Dec11, we see a break of the line at Dec candle, also Jan12 candle is so far rejecting that line.

Question: Is that break valid or it is just my mind playing games with me?

Also Sep11 is a bearish engulfing pattern, so low of that month as later confirmed is not low of the selloff.

2008 April high to Nov low was SH 1032,6and SL 682,31, almost 34% down.

In such scenario price could go as low as 1269,13.

Question? Is that posible in terms of fundamentals?

Is that a valid analysis or a flawed one.

As i said before. I'm a newbie. A curious one.
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  • #15,454
  • Jan 18, 2012 11:34am Jan 18, 2012 11:34am
WOW, Happy I kept my 2 longs open through this whipsaw

Green pips to all...

W
  • #15,455
  • Jan 18, 2012 6:38pm Jan 18, 2012 6:38pm
Quoting jsr
In M1, drawing a line from low Nov08 to low Sep11, last two selloffs prior to Dec11, we see a break of the line at Dec candle, also Jan12 candle is so far rejecting that line.

Question: Is that break valid or it is just my mind playing games with me?

Also Sep11 is a bearish engulfing pattern, so low of that month as later confirmed is not low of the selloff.

2008 April high to Nov low was SH 1032,6 and SL 682,31, almost 34% down.

In such scenario price could go as low as 1269,13.

Question? Is that posible in terms of fundamentals?

Is that...
possibly... Gold is still (based on your chart) on the upper section of volatility - it could always drop to the lower means by no doubt.

technically - a drop in gold is possible. and im still in for the 1545 call drop by end of month. a live short as well.
Have I got something on my face, SOLDIER?
  • #15,456
  • Jan 18, 2012 6:45pm Jan 18, 2012 6:45pm
We've only moved a mere ten bucks or so on the day,!!!!!!!!!!!!!!!!!!!
Quoting Walt
WOW, Happy I kept my 2 longs open through this whipsaw

Green pips to all...

W
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,457
  • Jan 18, 2012 6:48pm Jan 18, 2012 6:48pm
Gold is irrational many a time, nothing on an M1 chart is worth doing real TA on unless you are scalping multiple standard lots. Even so you should be in and out for 3 to 5 bucks at a clip.



Quoting jsr
In M1, drawing a line from low Nov08 to low Sep11, last two selloffs prior to Dec11, we see a break of the line at Dec candle, also Jan12 candle is so far rejecting that line.

Question: Is that break valid or it is just my mind playing games with me?

Also Sep11 is a bearish engulfing pattern, so low of that month as later confirmed is not low of the selloff.

2008 April high to Nov low was SH 1032,6and SL 682,31, almost 34% down.

In such scenario price could go as low as 1269,13.

Question? Is that posible in terms of fundamentals?

Is...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,458
  • Jan 18, 2012 7:58pm Jan 18, 2012 7:58pm
Quoting XTrade
Gold is irrational many a time, nothing on an M1 chart is worth doing real TA on unless you are scalping multiple standard lots. Even so you should be in and out for 3 to 5 bucks at a clip.
X - I think he is looking at a monthly.
  • #15,459
  • Edited 11:22pm Jan 18, 2012 10:26pm | Edited 11:22pm
Quoting Sreym33
X - I think he is looking at a monthly.
no not monthly, 1 minute.
think about what he said.
monthly charts give you your intermediate trends, you know your support and resistance.
example, the single monthly chart jan. support is 1604-11 your orders been in and letting it ride along with the order in at 2011 yearly breakout retest @ 1550 area.
no ta on 1 min. luke, go by feel let go of your instruments, may the force be with you.
Matter a fact try to learn to do that anytime you enter a trade around s/r.
What is she wanting to do ? candle formations and pa is telling us what ?.
  • #15,460
  • Jan 19, 2012 1:29am Jan 19, 2012 1:29am
Telling us this f-ing triangle is going to break up.

If the bears caught the top and bottom - UNLIKELY... for anyone, you made about a 10 USD move.

I am telling you guys this will break,..,,,,,,,,,,,,,,,,,,,,,,,,,,

back again at the apex.


Lil pip you are not serious about doing TA on an M1 unless you are scalping right? what would be the point?
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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