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

  • #17,421
  • Mar 11, 2012 4:35pm Mar 11, 2012 4:35pm
Dear Xtrade,

Need your opinion regarding EURO next week going short is safe here ?

Quoting XTrade
Being specifically that the account was a demo, I had actually traded it to mimic my live positions, some before, ie: GBP/JPY trades were all executed on demo first.

All gold/ AUD/ Kiwi / and Swissy trades live first.

This is why the account was in profit.

I knew very well, that I could lose everything in one day if my pre-determined negative NFP trades were unsuccessful as they were on Friday.

I did this
A. Because it was a demo
B. To show people how easy it is to over leverage and lose everything in a few hours that you worked for all week.

Now,...
  • #17,422
  • Mar 11, 2012 4:48pm Mar 11, 2012 4:48pm
Quoting Jhonypips
Dear Xtrade,

Need your opinion regarding EURO next week going short is safe here ?
please forgive me my somewhat ludicrous question, but why do you want to get engaged in any EURO trading right now?


EDIT: I'm not selling EU, but @ 1.2930 I'm gonna buy
Lehman Sisters Wouldn't Have Failed
  • #17,423
  • Mar 11, 2012 4:54pm Mar 11, 2012 4:54pm
Quoting XTrade
Being specifically that the account was a demo, I had actually traded it to mimic my live positions, some before, ie: GBP/JPY trades were all executed on demo first.

All gold/ AUD/ Kiwi / and Swissy trades live first.

This is why the account was in profit.

I knew very well, that I could lose everything in one day if my pre-determined negative NFP trades were unsuccessful as they were on Friday.

I did this
A. Because it was a demo
B. To show people how easy it is to over leverage and lose everything in a few hours that you worked...
X, sorry for asking. how do link a demo to the thread? I tried to link dummy account to my page and it just doesn't work
Lehman Sisters Wouldn't Have Failed
  • #17,424
  • Mar 11, 2012 4:57pm Mar 11, 2012 4:57pm
Quoting beeb
Without wishing to be rude, there are 17500 comments in this thread answering the question you have posed. What do YOU think?

beeb
My weekly forecast is neutral, but the article I mentioned above clearly states a strong bias for a massive fall of gold and silver.

I wanted to know what your opinions were on that article.
  • #17,425
  • Mar 11, 2012 4:59pm Mar 11, 2012 4:59pm
Just wanted to know xtrade opinion I trading EU rightnow.
  • #17,426
  • Edited 5:47pm Mar 11, 2012 5:14pm | Edited 5:47pm
Quoting Sebastien972
My weekly forecast is neutral, but the article I mentioned above clearly states a strong bias for a massive fall of gold and silver.

I wanted to know what your opinions were on that article.

If you click on my name and follow my charting and the links I have attatched you will conclude that I think that article is crap.

I can't speak for the hundreds of other contributers - I suggest you click on their names too



beeb

EDIT - I'm really not trying to be difficult but anyone can pull an article out of their a#se about anything - I will raise your Abigail Doolittle with this Hubert Moolman (which is probably equally crap):

http://www.silverseek.com/article/lo...ikely-pass-150

That took me all of thirty seconds to find.
  • #17,427
  • Mar 11, 2012 5:23pm Mar 11, 2012 5:23pm
Booked one long on higher price on gold for a nice $32.80 move.

left lower at BE+1. oh Xt hates the BE stops lol. well buma loves the BE+1
(only after enough room for price to roam it is utilized of course)
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Have I got something on my face, SOLDIER?
  • #17,428
  • Mar 11, 2012 6:37pm Mar 11, 2012 6:37pm
Just out of curiosity, people who primarily use fundamentals for trading GOLD , do you ever look at GOFO rates?
Lehman Sisters Wouldn't Have Failed
  • #17,429
  • Mar 11, 2012 6:47pm Mar 11, 2012 6:47pm
Quoting Blythe
yes, I do use price/time analysis. neowave has appropriate tools. I can tell based on XAGUSD weekly TF that wave c should end the week of March 23rd.
blythe,
I heavly consider time when evaluating direction as one knows where we are in time be it daily , weekly, monthly, quarterly, yearly.
Im looking for a simple and understandable book that explains waves and or time so I can incorporate that with my evaluating process.
Do you or anybody have any suggestions ?
  • #17,430
  • Edited 11:58pm Mar 11, 2012 7:03pm | Edited 11:58pm
Quoting lilpip
although a drop below higher timeframe support levels 1680-87 and 34.50 for a couple days this week I have to say eyes are on fri. weekly close.
we began the month of mar rotating back to mar. monthly support 1670 and 32.76 and extending back up.
monthly
1803
1670
1537
silver
38.42
32.76
27.10
push up from monthly trendguide noted for both, lets move and stay above weekly trendguide 1723-28 and 34.50-70 area otherwise bias is down.
  • #17,431
  • Mar 11, 2012 7:09pm Mar 11, 2012 7:09pm
In an earlier post one Jain from India mentioned some important celestial events this week. He's got a good point. I am not big into astrological interpretation, but there are some numerical sides to it too. And it seems to support Blythe's end-of-March timeline too.
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  • #17,432
  • Mar 11, 2012 7:23pm Mar 11, 2012 7:23pm
Quoting lilpip
blythe,
I heavly consider time when evaluating direction as one knows where we are in time be it daily , weekly, monthly, quarterly, yearly.
Im looking for a simple and understandable book that explains waves and or time so I can incorporate that with my evaluating process.
Do you or anybody have any suggestions ?
by "time" are you trying to delve into the relationship of it to price?
Have I got something on my face, SOLDIER?
  • #17,433
  • Mar 11, 2012 7:26pm Mar 11, 2012 7:26pm
Quoting Blythe
please forgive me my somewhat ludicrous question, but why do you want to get engaged in any EURO trading right now?


EDIT: I'm not selling EU, but @ 1.2930 I'm gonna buy
LOL ! DOn't worry about him, he just referred USD/JPY in the other thread as "USDYEN"

Sounds like someone who just randomly googles 'wanna play forex to get rich quick usdyen"

USDYEN!!



Back to business, I've similar channel to XT's weekly with mine's slightly less pro and retarded, but hey it looks like 1500 will be incredibly hard to breach for a trend reversal. It looks like 1800s will be in sight soon - could be as soon as mid/end of this week? Otherwise I think consolidation is on its way.....with ugly small sticky candles...

fundamentals didn't really play funny on gold last week except down it by 100 pips, which I think is a little insignificant..
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trading is my zen
  • #17,434
  • Mar 11, 2012 7:39pm Mar 11, 2012 7:39pm
Quoting lilpip
blythe,
I heavly consider time when evaluating direction as one knows where we are in time be it daily , weekly, monthly, quarterly, yearly.
Im looking for a simple and understandable book that explains waves and or time so I can incorporate that with my evaluating process.
Do you or anybody have any suggestions ?
Time is important as much as price. I NEVER get in just because of price. There's a principle of complimentary time/price in neowave. I'm not going to repeat Buma's words about how to get in if PA goes down or up. Please see his post. And I also apologize to XTrade for posting irrelevant charts. So let's check how it works. Here's EU chart. it's a rare pattern. look at vertical R/S levels which are at the apex of triahgle. And let's see how she behaves
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Lehman Sisters Wouldn't Have Failed
  • #17,435
  • Mar 11, 2012 7:42pm Mar 11, 2012 7:42pm
Quoting ShirleyLo
LOL ! DOn't worry about him, he just referred USD/JPY in the other thread as "USDYEN"

Sounds like someone who just randomly googles 'wanna play forex to get rich quick usdyen"

USDYEN!!


.
i like her criticism jokes
lol
Have I got something on my face, SOLDIER?
  • #17,436
  • Mar 11, 2012 7:46pm Mar 11, 2012 7:46pm
Quoting Oshawa
In an earlier post one Jain from India mentioned some important celestial events this week. He's got a good point. I am not big into astrological interpretation, but there are some numerical sides to it too. And it seems to support Blythe's end-of-March timeline too.
I hope there will be no war, Let's just hope for "simple" sterilized QE.
Lehman Sisters Wouldn't Have Failed
  • #17,437
  • Mar 11, 2012 7:51pm Mar 11, 2012 7:51pm
Quoting bumapatria
by "time" are you trying to delve into the relationship of it to price?
well, relashionshiop price/time is very important
Lehman Sisters Wouldn't Have Failed
  • #17,438
  • Mar 11, 2012 7:55pm Mar 11, 2012 7:55pm
Quoting bumapatria
i like her criticism jokes
lol
Well..you know I've problem if I refer XAU/USD as GOL/USD right...

Asian session in the slowest motion for gold. AUD/USD keeps goin' down after all the built confidence on the pair....is the retracement over soon or it will go to parity with USD like many believe so?

Game on for safe haven, AUD. I'd rather keep gold bullions....

Oh....went to China and saw fake gold bars (nickles inside).
trading is my zen
  • #17,439
  • Mar 11, 2012 8:03pm Mar 11, 2012 8:03pm
Quoting ShirleyLo
Well..you know I've problem if I refer XAU/USD as GOL/USD right...

Asian session in the slowest motion for gold. AUD/USD keeps goin' down after all the built confidence on the pair....is the retracement over soon or it will go to parity with USD like many believe so?

Game on for safe haven, AUD. I'd rather keep gold bullions....

Oh....went to China and saw fake gold bars (nickles inside).
yup. quiet alright.. parity parity... take it a step at a time peeps .
cant help but think there might be sell stops around the 3100 area in eurusd.

haha china llol
Have I got something on my face, SOLDIER?
  • #17,440
  • Mar 11, 2012 8:55pm Mar 11, 2012 8:55pm
Quoting bumapatria
yup. quiet alright.. parity parity... take it a step at a time peeps .
cant help but think there might be sell stops around the 3100 area in eurusd.

haha china llol
A step a time, or a step a week This week on aussie there is strong support in the area of 0430-90, then if supported there I would expect it to rotate upward. If price falls hard through that area, lower levels to come.
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