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

  • #15,541
  • Jan 20, 2012 8:00am Jan 20, 2012 8:00am
Quoting bumapatria
will take that advice and thank you for your compliments aaron - take care buddy - all the profit for ya too

remember first time we met and look at us now....

take care man!
Cheers, Buma

I have been spending way to much time talking to people with way too much negativity like Nubcakes. So refreshing to talk to somebody with positive energy.
Kill the ego, or it will kill the mission.
  • #15,542
  • Jan 20, 2012 8:02am Jan 20, 2012 8:02am
Quoting AaronWard
Cheers, Buma

I have been spending way to much time talking to people with way too much negativity like Nubcakes. So refreshing to talk to somebody with positive energy.
lol that dude is one helluva guy eh?



seen his posts on that legendary no sl vs sl thread


now lets stop cluttering x's thread hahaha
Have I got something on my face, SOLDIER?
  • #15,543
  • Jan 20, 2012 8:44am Jan 20, 2012 8:44am
hey guys gold support might be gone from this perspective...
heres my chart from admiral - a separate broker but my orders are on euromax

we broke the major fanline of support which is 1x1 line. we should be moving to the 1x2 line

if it breaks the current line - twala possible short add on
Attached Image (click to enlarge)
Click to Enlarge Name: if it breaks.gif Size: 30 KB
Have I got something on my face, SOLDIER?
  • #15,544
  • Jan 20, 2012 9:14am Jan 20, 2012 9:14am
Hello bumapatria, I have recently seen lots of people using the same system as you do to determine the support and resitance areas. I would like to use that one as well, if you could please tell me if it has a special name I could look it up on the internet
  • #15,545
  • Jan 20, 2012 9:24am Jan 20, 2012 9:24am
gann square - master chart . thats the 2 names.
go to JR97 on ff he's a pro at squares.



heres a nice price rise - but i didnt go long on the division of time.

i never get tired of watching price fall into time - then just go long price turns... price rises to time - go short - price falls.. ah never get tired of the good stuff
Attached Image (click to enlarge)
Click to Enlarge Name: division of time.gif Size: 31 KB
Have I got something on my face, SOLDIER?
  • #15,546
  • Jan 20, 2012 9:27am Jan 20, 2012 9:27am
thank you very much!
  • #15,547
  • Jan 20, 2012 9:48am Jan 20, 2012 9:48am
With so many methods of reading the markets-about one per post- I admit my little head can't follow, mate.


Quoting bumapatria
gann square - master chart . thats the 2 names.
go to JR97 on ff he's a pro at squares.



heres a nice price rise - but i didnt go long on the division of time.

i never get tired of watching price fall into time - then just go long price turns... price rises to time - go short - price falls.. ah never get tired of the good stuff
Patience is magic
  • #15,548
  • Jan 20, 2012 10:13am Jan 20, 2012 10:13am
Quoting jimobiwan
re-entered the longs @1650, 1645 during yesterday's dip having taken half off on 12JAN.

Missed the run to 1660 on 13th and failed to buy back on its way down to 1625 on 14th believing it would dig a bit deeper to close to 1605.
(top BB).
I'm out of all longs now at 1660. Will take a fresh look next week which is also Chinese New Year. PA has been stuck here at 55EMA and 45DMA and i see stos begin to fold over down.

Will be paying attention to 1620 (18dma) as support for the down side.

GBP has come up alot - taken half off just here which is the 45dma and exactly at the down trend line which i have at 1.554.
I have no enemy; I make Incautiousness my Enemy.
  • #15,549
  • Jan 20, 2012 11:53am Jan 20, 2012 11:53am
Too early to say but... it seems like a right shoulder out there.

Not to mention bearish divergence in H4 (MACD, RSI, SSD)

So, i'm short @ 1665,24 SL 1670,50 TP 1655,50 half, other half maybe today's low @ 1645.
  • #15,550
  • Jan 20, 2012 12:00pm Jan 20, 2012 12:00pm
dont know bout everyone else but i exited shorts for +120, +47 and +42
or something like that lol BUT i re-entered...

ven-sextile pluto (gold harmonic cycle)

- also possible drop from sun 90 jupiter
also DTL again. higher price for me to go shortay
Attached Image (click to enlarge)
Click to Enlarge Name: cycles.gif Size: 17 KB


and no i dont fake trades or exits - heres proof that i shorted gold lol...
using what i use and will still do

theyre not so kickass anyways but kinda leveraged 2:1 each.. so therefore high %gain as well (yes 2% a trade is high especially 7% makes me shiver at times lol.)

so im happy i got out profitable here!
Attached Image


but the game is just getting started i think
Attached Image
Have I got something on my face, SOLDIER?
  • #15,551
  • Jan 20, 2012 2:41pm Jan 20, 2012 2:41pm
So a Dollar and 20 cent move,
a 47 cent move and a
42 cent move?

Correct?

The high to low today was over 20 bucks what happened to today?

The pips GREEN from open were so far SEVEN USD and counting.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,552
  • Jan 20, 2012 3:30pm Jan 20, 2012 3:30pm
Here is today in H1

All I see is an opportunity to get long.

At best 1644 to 1666 a 22 USD move.
Attached Image (click to enlarge)
Click to Enlarge Name: today in h1.GIF Size: 20 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,553
  • Jan 20, 2012 3:34pm Jan 20, 2012 3:34pm
Why are you trying to fight the trend?

Had you bought the dip today you could boast about winning a 20 USD trade not a 1.20 usd trade.

By the way the line is broken on the weekly.

Quoting bumapatria
dont know bout everyone else but i exited shorts for +120, +47 and +42
or something like that lol BUT i re-entered...

ven-sextile pluto (gold harmonic cycle)

- also possible drop from sun 90 jupiter
also DTL again. higher price for me to go shortay
Attachment

and no i dont fake trades or exits - heres proof that i shorted gold lol...
using what i use and will still do

theyre not so kickass anyways but kinda leveraged 2:1 each.. so therefore high %gain as well (yes 2% a trade is high especially 7% makes me shiver at...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,554
  • Edited 5:07pm Jan 20, 2012 4:55pm | Edited 5:07pm
Hi Xtrade.

Which Swing Highs did you use to define the weekly TL?

TL drawn from Sept High @ 1920.70 to Nov @ 1802.70, which i think is still a valid TL, is not broken yet.

Even a TL from nov 1802.70 to 1762.90 ain't broken yet.

I know next week's open will be above that line. But shouldn't price close above that line before saying it is broken?

I mean, price could drop, and close below TL.

Anyways, I would close that trade with +300 pips (3$) when I saw a double bottom @ 1661,80 in m5 charts, but as i am trying to get a feeling of the market in larger TFs i decided to let it run.

If price hits my SL it is ok. I will learn from that.

This rally began with a strong move and then became weaker.

H1 and H4 shows room for more bullish pressure, but lower TFs shows a correction before price rises.

Well, let's see what happens after this weekend. I don't use to have open trades like this one. So it will be a new experience for me.

By the way, i use to scalp gold, as the one who taught me does that.

Believe it or not, he is profitable scalping gold, many trades of 100 pips, high leverage, but some of my friends after many succesful trades, have longs opened @ 1730 and 1720, so their trades have been almost 20000 pips down because they use to trade without stop loss, and december's fall caught them.

So i'm trying to learn again trading larger TFs and using SL and TP.

In case you didn't notice, i don't speak english. I speak spanish.

So if I sound like Tarzan, now you know the reason.
  • #15,555
  • Edited 9:27pm Jan 20, 2012 8:49pm | Edited 9:27pm
Quoting lilpip
On the weekly chart this weeks area of extra interest for highs was golds 1679 and silvers 31.08.
Eyes open to areas response.
fri daily
bias is up from 1651
1673-79
1651
1629-32
silver daily
Bias up from 30.29
31.05-08
30.29
29.57
Bounce off daily pivot noted as they both began their turn around from 30.29 area.
eyes on silvers response @ single monthly highs 32.70-90 and her retest of daily and weekly breakout area 31.05-08.
weekly gold
1687
1633
1580
  • #15,556
  • Jan 20, 2012 9:23pm Jan 20, 2012 9:23pm
Gold short term sell?
Attached Image (click to enlarge)
Click to Enlarge Name: 121.gif Size: 22 KB
  • #15,557
  • Jan 20, 2012 9:50pm Jan 20, 2012 9:50pm
Quoting lilpip
Bounce off daily pivot noted as they both began their turn around from 30.29 area.
eyes on silvers response @ single monthly highs 32.70-90 and her retest of daily and weekly breakout area 31.05-08.
weekly gold
1687
1633
1580

It may go beyond 1687 Sir
  • #15,558
  • Jan 20, 2012 9:52pm Jan 20, 2012 9:52pm
Quoting biDc
Gold short term sell?
Lets see what she says.
Last several weeks has been up since our retest of 2011 breakout area 1551, so trend has been up.
Looking at a smaller timeframe, the daily, bias is up from daily trend guide 1555 and down below it.
.
  • #15,559
  • Edited 10:12pm Jan 20, 2012 9:59pm | Edited 10:12pm
Quoting forexfacts
It may go beyond 1687 Sir
of coarse, however there is resistance at the weekly highs 1687 area where we need to pay extra attention to pa and candle formations on the 5 min. and not blindly adding longs just before.
Also, as we need to be aware to consider sis and how shes responding just as we did today.
Along with her weekly highs 32.70-90 area, 34.50 is her single yearly trend guide.
  • #15,560
  • Jan 20, 2012 11:00pm Jan 20, 2012 11:00pm
Quoting XTrade
Why are you trying to fight the trend?

Had you bought the dip today you could boast about winning a 20 USD trade not a 1.20 usd trade.

By the way the line is broken on the weekly.
depends what you think is the trend
Attached Image (click to enlarge)
Click to Enlarge Name: it depends.gif Size: 32 KB
Have I got something on my face, SOLDIER?
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