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

  • #17,821
  • Mar 19, 2012 2:15pm Mar 19, 2012 2:15pm
Ameer I am sorry I don't understand what you are saying here.
We are 60+ away from 1600 (not that a test of that area or below is impossible)
Yet looking at the weekly we are on support at the inner channel bottom, also above the 50 week SMA and the weekly candle looks to be starting off green.

in the case we drop - a test of the red line noted with arrow on chart may be in order and the place to look before a decent rise.

Now, being that we have a few supports cooking and the bearish pressure seems to have faded, the chart may continue up.
This will also be affected by news and possible USD.
Quoting ameer.tahoe
Hello all
I think we have come to a place which is very sensitive 1600 only if the breach of the rules of the trading price, we will see a sharp decline and if it does not penetrate, I think this is the last day of the fall in price and will return to the upward path again
What do you think
Thank you.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,822
  • Mar 19, 2012 2:49pm Mar 19, 2012 2:49pm
So lets throw out some links to candlestick analysis, pick the best one and link it to post one of the thread?

There is one I like a lot, I have to look thru my bookmarks though.

Here are some:
Never Used this 1
http://www.candlestickanalysis.com/

http://stockcharts.com/school/doku.p...o_candlesticks

http://www.rightline.net/charts/candlestick.html

This one has a lot of info:
http://www.hotcandlestick.com/faq.htm#12

Quoting SunTrader
Yes it does. A PinBar (short for Pinocchio, i.e. bignose) sticks out beyond the previous bar. Otherwise it was more like a gravestone doji.

We can't all have different definitions if we are to communicate properly.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,823
  • Mar 19, 2012 3:29pm Mar 19, 2012 3:29pm
[quote=XTrade;5490955]Ameer I am sorry I don't understand what you are saying here.
We are 60+ away from 1600 (not that a test of that area or below is impossible)
Yet looking at the weekly we are on support at the inner channel bottom, also above the 50 week SMA and the weekly candle looks to be starting off green.
----------------------------------------------
Dear x >>>>
I did not mean that we will see from my words down to 1600 today, but I mean maybe we will see in this week or after all of this expected
Because, as you know does not have one in the whole world knows where the market will go up or down.
But it was my opinion and thought that share your opinion to get to the nearest expectations
I respect your posts for you and the rest of the friends here
Thank you.
  • #17,824
  • Mar 19, 2012 3:45pm Mar 19, 2012 3:45pm
IMHO it's a good idea to keep an eye on the bigger picture:


http://kingworldnews.com/kingworldne...heir_Bids.html

beeb
  • #17,825
  • Mar 19, 2012 5:05pm Mar 19, 2012 5:05pm
Quoting XTrade
So lets throw out some links to candlestick analysis, pick the best one and link it to post one of the thread?

There is one I like a lot, I have to look thru my bookmarks though.
I don't believe a PinBar is considered a candle formation since it can also be used on standard bar charts - and actually is more likely.
  • #17,826
  • Edited 5:31pm Mar 19, 2012 5:20pm | Edited 5:31pm
Quoting beeb
IMHO it's a good idea to keep an eye on the bigger picture:
that's a nice article

I like this part
"
On a separate note, those that have been calling for gold to collapse to $1,200 are completely unaware of what is taking place in the physical market. Who is going to sell it down to those levels? Hypothetically, if it were to drop below $1,600, China would literally be buying hundreds of tons of gold.
"

But don't forget that the big players can manipulate the market, possibly an attempt to create arbitrage opportunity. However, I'd say $1,200 is very unlikely

and here, QE3 might be coming
http://www.reuters.com/article/2012/...82I0N120120319
  • #17,827
  • Mar 19, 2012 5:32pm Mar 19, 2012 5:32pm
Re-thinking it, yes this is true, it could appear on either chart.
MAYBE, something here?
http://www.barchart.com/education/sy...technicalchart
Quoting SunTrader
I don't believe a PinBar is considered a candle formation since it can also be used on standard bar charts - and actually is more likely.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,828
  • Mar 19, 2012 5:35pm Mar 19, 2012 5:35pm
MUST READ!

AND WOW : this cannot be legal I would think..

Quote
“This is when you see things turn and the manipulators rip it to the upside. There are buy stops on the upside that are attractive for them to target at this point. Traders are also watching the US dollar now because tomorrow the Iranians are scheduled to start trading oil in currencies other than the dollar. This is clearly an attack on the dollar by the Iranians.
Quoting beeb
IMHO it's a good idea to keep an eye on the bigger picture:


http://kingworldnews.com/kingworldne...heir_Bids.html

beeb
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,829
  • Mar 19, 2012 5:50pm Mar 19, 2012 5:50pm
Quoting XTrade
MUST READ!

AND WOW : this cannot be legal I would think..
That's the manipulation in a nutshell. The concentrated shorts take the price below technical levels. This causes technical traders to short. When enough technical traders are on board the concentrated shorts cover. Market goes up and the concentrated shorts make money from the technical traders. Simples......

beeb
  • #17,830
  • Mar 19, 2012 5:53pm Mar 19, 2012 5:53pm
Cannons .... ahhh ... I mean .....
Manipulators to right of them,
Manipulators to left of them,
Manipulators in front of them
Volley'd & thunder'd;
Storm'd at with shot and shell,
Boldly they rode and well,
Into the jaws of Death,
Into the mouth of Hell
Rode the six hundred.

They are out there and always will be.
  • #17,831
  • Mar 19, 2012 5:55pm Mar 19, 2012 5:55pm
Quoting SunTrader
Cannons .... ahhh ... I mean .....
Manipulators to right of them,
Manipulators to left of them,
Manipulators in front of them
Volley'd & thunder'd;
Storm'd at with shot and shell,
Boldly they rode and well,
Into the jaws of Death,
Into the mouth of Hell
Rode the six hundred.

They are out there and always will be.
But think how advantageous it can be if you can see what they are doing. They do the dirty work and you profit from their actions......

beeb
  • #17,832
  • Mar 19, 2012 7:26pm Mar 19, 2012 7:26pm
Breakout of falling wedge?
Attached Image (click to enlarge)
Click to Enlarge Name: au_190312.jpg Size: 219 KB
  • #17,833
  • Mar 19, 2012 7:37pm Mar 19, 2012 7:37pm
YES YES YES, as I sheath my sword from slaying one!

kEEP Going@ I Love it!

I want more!
Quoting SunTrader
Cannons .... ahhh ... I mean .....
Manipulators to right of them,
Manipulators to left of them,
Manipulators in front of them
Volley'd & thunder'd;
Storm'd at with shot and shell,
Boldly they rode and well,
Into the jaws of Death,
Into the mouth of Hell
Rode the six hundred.

They are out there and always will be.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,834
  • Mar 19, 2012 10:06pm Mar 19, 2012 10:06pm
Quoting beeb
But think how advantageous it can be if you can see what they are doing. They do the dirty work and you profit from their actions......

beeb
Isn't that why you look at a chart?

If I had a tap on the telephone lines and internet connections of the Manipulators I would still trade the chart.

After all no matter what anyone is doing it will be reflected in price.

I want movement no matter who does it, what direction or why.
  • #17,835
  • Mar 19, 2012 10:29pm Mar 19, 2012 10:29pm
Quoting SunTrader

I want movement no matter who does it, what direction or why
well said, price movement is what matters
  • #17,836
  • Mar 20, 2012 5:46am Mar 20, 2012 5:46am
Quoting grandia
well said, price movement is what matters
Yep - and hindsight is always 20/20.

You can't predict the future with charts alone IMHO.
  • #17,837
  • Mar 20, 2012 6:50am Mar 20, 2012 6:50am
Yep, you need a brain.
  • #17,838
  • Mar 20, 2012 7:14am Mar 20, 2012 7:14am
I try to trade what I see and if market goes against me, my stop loss will do it's job. I don't care if I loose a trade. If the "mob" try to catch me, they will get too little from me. But when I win a trade I'll get back 2 or 3 times what I lost.
  • #17,839
  • Mar 20, 2012 7:39am Mar 20, 2012 7:39am
Quoting jsr
I try to trade what I see and if market goes against me, my stop loss will do it's job. I don't care if I loose a trade. If the "mob" try to catch me, they will get too little from me. But when I win a trade I'll get back 2 or 3 times what I lost.
That's the right way to do it, but sometimes you loss more than u win
  • #17,840
  • Mar 20, 2012 7:44am Mar 20, 2012 7:44am
Quoting Wheels
Yep - and hindsight is always 20/20.

You can't predict the future with charts alone IMHO.

easier than you think wheels.

ironic ur name is wheels btw...
(wheels within wheels)

if u know what that means
Have I got something on my face, SOLDIER?
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