XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 826 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #16,501
  • Feb 19, 2012 7:05pm Feb 19, 2012 7:05pm
In the immediate sense I want 1750 gone - and flipped back to support.

In the weekly channel sense.

I want this week to be the breakout week bar that confirms the bull flag on the weekly chart - IF - It works out it will take us to the top of the channel and the price will be easily 1810 if not higher.

If it stays the same the chart will go sideways.
Last one you all know.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,502
  • Feb 19, 2012 7:09pm Feb 19, 2012 7:09pm
Here is the post about the weekly flag (BULLISH) in first light. With some links.

http://www.forexfactory.com/showthre...47#post5397047

with a small chart,...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,503
  • Feb 19, 2012 7:22pm Feb 19, 2012 7:22pm
Quoting XTrade
Not quite sure where those two have been, perhaps a PM is in order.

Bemac should be up and running by now it is late FEB.

Where ya guys at?
Been around lurking. Not much to add.

Waiting for minor correction, to uptrend, to resolve itself.

Be back around at some point.
  • #16,504
  • Feb 19, 2012 10:25pm Feb 19, 2012 10:25pm
Trapped it seems for the month in a 60 usd range.

Basically 1700 to 1760 price stalled at 1735 at current.

Looking for a break of the topside this week.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,505
  • Feb 19, 2012 10:43pm Feb 19, 2012 10:43pm
Quoting XTrade
OK here we go.

It looks like you want to see a test of my Symmetrical triangle break line - which would bring us only to 1640 before renewing move higher to hit the channel top.

Now, I mentioned this in an earlier post, if there is a test and no breach -
it then becomes even more unlikely for any decline and the price should then resume rising quickly to test an anticipated channel top of 1810 in time.

Technically your area D and line is arbitrary, there need to be 2 points to draw a line that is established. If you are just speculating...

X what are the chances in your chart that E will occur, i mean a good drop? what if there is no good drop, only a small one?

Please put light on it if any other Technicality can do it? No big drop?
  • #16,506
  • Edited 11:31pm Feb 19, 2012 11:18pm | Edited 11:31pm
There are a few price scenarios I have in mind. What chart are you referring to?


I used someone else's chart and added my input / view.

I don't use EW so I need to see the chart to reference D.
Let me look back or grab a link to the post and post it please.
-------

But.

To answer your question.

The price to go down would first have to take out 1700 range bottom,
then I would only support a further $50 Bucks down to 1650 > Here we test the line of the old breakout, (90 USD bar week).
Then I would look for a return of buying to test the 1850s.

Or we stay in range.

The juice is just not there yet for a Big move in any direction, the trend remains up, yet we need some speculators to come back in the ring.
Also a lot will likely hinge on the news out of Greece and any bearish USD news will help.

I don't see any drop south below 1650 (only if 1700 is broken) as of now.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,507
  • Feb 19, 2012 11:44pm Feb 19, 2012 11:44pm
ok, now i get you X, now i have a tricky question for you, your calls have been excellent, so i need your say, and you dont have to guarantee it because nobody knows the future.

Is it $1650 first or $1790 first?

man i am sorry for such an idiot question again, i keep on acting like a little kid !
  • #16,508
  • Feb 20, 2012 12:00am Feb 20, 2012 12:00am
If we look this short term then the chart becomes a 60 USD range as I mentioned before.

So - current price is 1735 middle
Top 1760 appx
Bottom 1700/05


Friday's loss is now erased which would to me at least suggest testing the immediate resistance at 1760 next there is always a possibility of a small correction.


Quoting forexfacts
ok, now i get you X, now i have a tricky question for you, your calls have been excellent, so i need your say, and you dont have to guarantee it because nobody knows the future.

Is it $1650 first or $1790 first?

man i am sorry for such an idiot question again, i keep on acting like a little kid !
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,509
  • Feb 20, 2012 12:12am Feb 20, 2012 12:12am
You have always been very helpful X !

And almost all others on your forum have been very kind, please keep doing the good work
  • #16,510
  • Feb 20, 2012 2:25am Feb 20, 2012 2:25am
does anyone know when the eu ministers publish their decission? Should be in around 5h if i am not mistaken
  • #16,511
  • Feb 20, 2012 3:32am Feb 20, 2012 3:32am
Quoting XTrade

Do you have a demo? or are you live?
Hello again sorry i took so long to reply
I must fess up again and say i went pretty much live straight away ... For me best lessons that i learn is through the hip pocket i need to learn the hard way. Have lost count how many times i have made bad margin calls and flattened the account but after all the bumps and bruises i am actually about 40 dollars down which i am pretty happy with for now being a noob . I don't consider it luck i have a pretty good knack at reading the market most the times (The i feel aspect of cancerian born on a monday defiately helps) and of course running 3 diarys one for trading one for dream recollection another for personal development but saying that i am going to look for a trading guru someone that can share their wisdom and most importantly their time to help me expand and grow on a professional level which karmically i will repay this person with friendship and of course material spoils when it all clicks together ( confident it will have jupiter in my second house on my natal chart ) but as always am crapping on how did you get involved in the trading game Xtrade ?
  • #16,512
  • Feb 20, 2012 9:08pm Feb 20, 2012 9:08pm
Boring day.

Lines respected... For how long?

I've been thinking that as price is trying to drill the resistance after hours of attempts, (second time these days) maybe I should change my mind and start thinking that next level of resistance is the real target.

Too much buying pressure?

I used recent Highs and Lows for these channels. Swing Points highlighted.

I think I'll stay away.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUXH1-20120220.png Size: 94 KB
Click to Enlarge Name: AUXH4-20120220.png Size: 68 KB
  • #16,513
  • Feb 20, 2012 9:09pm Feb 20, 2012 9:09pm
Hey lilpip, give me a hand with your method for direction using last 3 bars. I'm lost.

Thanks in advance.
  • #16,514
  • Feb 20, 2012 9:14pm Feb 20, 2012 9:14pm
DEAL JUST STRUCK BY EUROZONE SECOND GREEK BAILOUT REACHED....

http://www.reuters.com/article/2012/...siness+News%29
  • #16,515
  • Feb 20, 2012 9:16pm Feb 20, 2012 9:16pm
Quoting XTrade
Trapped it seems for the month in a 60 usd range.
Basically 1700 to 1760 price stalled at 1735 at current.
Looking for a break of the topside this week.
Im with ya the trend is up.
shes showed us 1700 and she showed us 1760.
she showed us a weekly close @ 1721 and been up from there.
  • #16,516
  • Edited 11:03pm Feb 20, 2012 9:22pm | Edited 11:03pm
Quoting jsr
Hey lilpip, give me a hand with your method for direction using last 3 bars. I'm lost.

Thanks in advance.
Its the old floor traders pivot.
although most use the last single timeframe I use the last 3 also as to me one gets a better feel for what she trying to tell us and the direction I also consider the past 5 days just on the daily timeframe.
higher the time frame the stronger the trend.
the higher timeframe gives you the biggest bang for your buck.
let your yearly, quarterly,and maybe mounthly ride, take you profits on the weekly and dailys.
example silver
2 years ago 15 was yearly pivot, yearly highs 21.97 breakout pointed us to extended highs 30.97 where rewards were taken.
last year 26.40 was quarterly and with break of yearly highs 34.64 she pointed us to 50 area were rewards were taken at the end of the yearly extended highs trend.
today 34.50 area is the single year pivot which has been giving resistance.
again, trends extend out and rotate back towards pivot.
gold
last year you took rewards at extended high area 1922-36 area as she was to begin her rotation back
this year
your riding from last years breakout retest 1550 area
your riding from the single yearly pivot 1597-1600
riding from the quarterly pivot 1632
riding from monthly pivot 1629
and ctaking your partials or closing on your weekly and daily profits.
today your taking what she gives you, up from 1700 and down from 1754-60 with eye on weekly close 1721 response.
Jessie Livermore new his prices, know yours.
were dealing with cycles within cycles, know where you stand (or should I say where she has you standing) from 5min. to the yearly and be adaptable to what she tells you.
  • #16,517
  • Feb 20, 2012 9:43pm Feb 20, 2012 9:43pm
I'm waiting to see which way price will beak. I favour the upside but will wait and see. Price may bounce around a bit for a few hours first. see H1
Attached Image (click to enlarge)
Click to Enlarge Name: Goldnow.png Size: 42 KB
  • #16,518
  • Edited 11:14pm Feb 20, 2012 10:38pm | Edited 11:14pm
Quoting fuse
I'm waiting to see which way price will beak. I favour the upside but will wait and see. Price may bounce around a bit for a few hours first. see H1
throw on your weekly, daily, or maybe 4 hr coming down from 1922

just realized jsr had that on post above, except he has an order of spagetti with it and couldnt hardly make it out.
my bad its not from 1922 area
  • #16,519
  • Feb 20, 2012 11:20pm Feb 20, 2012 11:20pm
Quoting lilpip
throw on your weekly, daily, or maybe 4 hr coming down from 1922
Thanks, that line should give me a target if price breaks the double top
  • #16,520
  • Edited 11:41pm Feb 20, 2012 11:27pm | Edited 11:41pm
Quoting forexfacts
ok, now i get you X, now i have a tricky question for you, your calls have been excellent, so i need your say, and you dont have to guarantee it because nobody knows the future.
Is it $1650 first or $1790 first?
you need to take it a day at a time.
what did she tell you yesterday?
she said up from last weeks close.
today, lets see what she says, maybe she confirms what she told us yesterday.

lets see what sis has to say at 33.59-60 area , maybe she can give us some clues
91 traders viewing now