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

  • #16,941
  • Feb 29, 2012 5:54pm Feb 29, 2012 5:54pm
Quoting deenshah
dont be tense bear.. keep it cool. Anyone can speculate what they see thru their instrument where the market is heading too.. be it HnS or whatever but its the market sentiment that we are fighting with.. does anybody talk about the drop yesterday night.. no one.. they are all aiming for 1790-1796.. i dont comment much but i guess yesterday end mth closing was a good profit taking for me..
I'm not tense deenshah, willing to evaluate everyones thoughts just do not like unnecessary riddles costing unnecessary time
Don't be a hero. Don't have an ego. Always question yourself
  • #16,942
  • Feb 29, 2012 5:58pm Feb 29, 2012 5:58pm
Quoting USD-Bear
I'm not tense deenshah, willing to evaluate everyones thoughts just do not like unnecessary riddles costing unnecessary time
  • #16,943
  • Edited 7:31pm Feb 29, 2012 6:01pm | Edited 7:31pm
Quoting lilpip
daily highs achieved and its bounce down at 1789 noted.
break of weekly and feb. monthly highs 36.10-15 area along with bounce down at 37.20 area noted.
wed will be watching how weekly highs 1798 responds along with sis at 37.20 area.
dealing with higher timeframes
although expecting rotation back, just didnt expect her to move like this.
move down from 37.20 and retest of feb. monthly breakout 36.10-15 did not hold.
1st retest of single yearly pivot 34.50 break noted along with close above @ 34.66, eye on 34.80 response, bulls above bears below 34.50.

No weekly highs achieved as it was no further than tue. highs
move back to feb. monthly pivot 1687 held.
will look at mar. charts later.
  • #16,944
  • Feb 29, 2012 7:45pm Feb 29, 2012 7:45pm
Which account do you guys want to trade on demo

800 k USD bal

or 50k USD bal

LEVERAGE = 1:1 0r 0 on metals YES -=TRU
LEVERAGE = 1:50 ON XURRENCY
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,945
  • Feb 29, 2012 7:48pm Feb 29, 2012 7:48pm
She was a big one. Plenty of manipulation there.

Has to do with options from what I here.... Where is the options Guru?! POM - where are u?

-------------------------


In any case - still time for highs this week.

Let'x see. Many will see this shopping with a discount of 80 $$$

Great dip for the physical stackers.

Quoting lilpip
dealing with higher timeframes
although expecting rotation back, just didnt expect her to move like this.
move down from 37.20 and retest of feb. monthly breakout 36.10-15 did not hold.
1st retest of single yearly pivot 34.50 break noted along with close above @ 34.66, eye on 34.80 response, bulls above bears below 34.50.

No weekly highs achieved as it was no further than tue. highs
move back to feb. monthly pivot 1687 held.
will look at mar. charts later.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,946
  • Feb 29, 2012 7:53pm Feb 29, 2012 7:53pm
A move like what happened overnight has taught me the importance of not trading unless fully involved in what's going on... I somehow managed to completely forget to set a stop. I'm normally very diligent at doing so but, of course, the one time I place an order without one is the one time my trades disappear into the abyss. Operator error on my behalf.

Still, it's not all bad... I'm back to where I started last week.
  • #16,947
  • Feb 29, 2012 8:09pm Feb 29, 2012 8:09pm
Quoting stevenrocks
A move like what happened overnight has taught me the importance of not trading unless fully involved in what's going on... I somehow managed to completely forget to set a stop. I'm normally very diligent at doing so but, of course, the one time I place an order without one is the one time my trades disappear into the abyss. Operator error on my behalf.

Still, it's not all bad... I'm back to where I started last week.
a brand new month.. start it with knowledge learnt from previous mth and support your trading with that knowledge..
  • #16,948
  • Feb 29, 2012 8:12pm Feb 29, 2012 8:12pm
now a test of resistance of 1718..
  • #16,949
  • Feb 29, 2012 8:15pm Feb 29, 2012 8:15pm
Quoting deenshah
a brand new month.. start it with knowledge learnt from previous mth and support your trading with that knowledge..


Definitely a learning experience. It's in my trading diary and I'll make a cardinal rule from it - don't trade whilst cooking dinner. Most expensive home cooked meal ever
  • #16,950
  • Feb 29, 2012 8:22pm Feb 29, 2012 8:22pm
Quoting stevenrocks


Definitely a learning experience. It's in my trading diary and I'll make a cardinal rule from it - don't trade whilst cooking dinner. Most expensive home cooked meal ever
It wont be that expensive if the stops were set...anyway a better March
  • #16,951
  • Edited 11:27pm Feb 29, 2012 8:43pm | Edited 11:27pm
Quoting deenshah
now a test of resistance of 1718..
10-4 on 1718, we heard what 1687 area had to say.
im listening and watching 1718 area response.
  • #16,952
  • Feb 29, 2012 9:07pm Feb 29, 2012 9:07pm
anD to boot it seems as though you came out on TOP!!!!

Can't ask for much else besides thanking your luck!!!

Very good, learned lesson, didn't blow up account,
and DON"t REPEAT.............

Quoting stevenrocks
A move like what happened overnight has taught me the importance of not trading unless fully involved in what's going on... I somehow managed to completely forget to set a stop. I'm normally very diligent at doing so but, of course, the one time I place an order without one is the one time my trades disappear into the abyss. Operator error on my behalf.

Still, it's not all bad... I'm back to where I started last week.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,953
  • Feb 29, 2012 9:52pm Feb 29, 2012 9:52pm
Quoting lilpip
10-4 on 1718, we heard what 1787 area had to say.
im listening and watching 1718 area response.
  • #16,954
  • Feb 29, 2012 10:00pm Feb 29, 2012 10:00pm
1718 resistance tested.. now testing for support
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  • #16,955
  • Feb 29, 2012 10:36pm Feb 29, 2012 10:36pm
Inflated silver is a hurdle here in gold's bull run.
  • #16,956
  • Feb 29, 2012 11:30pm Feb 29, 2012 11:30pm
Quoting XTrade
anD to boot it seems as though you came out on TOP!!!!

Can't ask for much else besides thanking your luck!!!

Very good, learned lesson, didn't blow up account,
and DON"t REPEAT.............
Mr. XTrade,

I will be on the other side of fence, to apprehend every words of yours, beebs, jsr, LP. It will be in my best interest not to jump in, without understanding in/out behavior of gold and market.

I will be learning.

Thank you.

breeze
  • #16,957
  • Feb 29, 2012 11:30pm Feb 29, 2012 11:30pm
Quoting deenshah
I wrote 1787 but meant 1687, refering to support.
  • #16,958
  • Mar 1, 2012 4:27am Mar 1, 2012 4:27am
Hi everyone, I've opened a couple of short positions from 1,720.83 SL 1,730.00 1st Target 1,706.50 and 2nd Target 1,680.00. Price seems to be finding some resistance off daily Pivot and 38.2 Fib. Will see how this goes. Chart H4
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  • #16,959
  • Mar 1, 2012 4:31am Mar 1, 2012 4:31am
i have my short orders entry 1.705. target 1.680/50.
  • #16,960
  • Edited 5:12am Mar 1, 2012 4:39am | Edited 5:12am
Quoting stevebalmmer
i have my short orders entry 1.705. target 1.680/50.
It should work. I'm not selling but will be buying @ 1666-1673
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