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

  • #18,061
  • Mar 27, 2012 10:00am Mar 27, 2012 10:00am
Quoting XTrade
b e e b !!!

SOOO happy to have you back mate! THX! Please make yourself comfy have a tea and some biscuits and stay a while!


Thanks X - you know how to make someone welcome.....

Will try to post when I can but not necessarily on a regular basis.

beeb
  • #18,062
  • Mar 27, 2012 10:09am Mar 27, 2012 10:09am
Yes but we are on the verge of the Light almost above 1700 don't forget what is at hand.

Quoting fxbreeze
Like what Mr. XTrade mentioned, darkside fighting to suck the price down

breeze
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,063
  • Mar 27, 2012 10:18am Mar 27, 2012 10:18am
In my opinion this game of cat and mouse will continue for some time, until it breaks up or breaks down, Clearly, on the long term charts, then we'll be able to see the right direction.

SILVER:
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GOLD:
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  • #18,064
  • Mar 27, 2012 10:22am Mar 27, 2012 10:22am
I love gold.

Some times it is easy to expect a $10+ move as it respects technicals.
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  • #18,065
  • Mar 27, 2012 11:34am Mar 27, 2012 11:34am
I'm out, but I think a retest of 1670 is not out of the table.

I'm just more comfortable with tiny trades.

It's up to you, Bernanke!!!
  • #18,066
  • Mar 27, 2012 3:49pm Mar 27, 2012 3:49pm
Why does Bernanke and the Fed have to talk everyday? Seems gold drops when the Fed talks.

Regards,
rozario173
  • #18,067
  • Mar 27, 2012 8:17pm Mar 27, 2012 8:17pm
beeb,
what you are doing now is more than enough.

Just the occasional chart,
Update with The "{London Trader}" Love him
and of course your words.


LESS is MORE!!!!

When I post analysis less I find I am more spot on than not.But I have to monitor and mediate here to get us over 100,000 replies and all!

))))

XT
Quoting beeb
Thanks X - you know how to make someone welcome.....

Will try to post when I can but not necessarily on a regular basis.

beeb
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,068
  • Mar 27, 2012 8:20pm Mar 27, 2012 8:20pm
Because the FED wants to print more money with no reason,besides bullshit, bernake is a wack off and is speaking about how to ruin the US economy with notes from obama on how to not create jobs at some college..

!!!!!!!!!!!!!!!

Quoting rozario173
Why does Bernanke and the Fed have to talk everyday? Seems gold drops when the Fed talks.

Regards,
rozario173
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,069
  • Mar 27, 2012 8:21pm Mar 27, 2012 8:21pm
JSR - It is not.

IT IS UP TO YOU and no one else.

Gold will do what it wants to when it wants to no matter what Bernkake spews,

He just causes noise in the system.

Quoting jsr
I'm out, but I think a retest of 1670 is not out of the table.

I'm just more comfortable with tiny trades.

It's up to you, Bernanke!!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,070
  • Mar 27, 2012 8:31pm Mar 27, 2012 8:31pm
Quoting XTrade
Because the FED wants to print more money with no reason,besides bullshit, bernake is a wack off and is speaking about how to ruin the US economy with notes from obama on how to not create jobs at some college..

!!!!!!!!!!!!!!!
isnt that the truth

Life's a bitch....so be a dog and cover it!
  • #18,071
  • Mar 27, 2012 9:00pm Mar 27, 2012 9:00pm
Quoting XTrade
JSR - It is not.

IT IS UP TO YOU and no one else.

Gold will do what it wants to when it wants to no matter what Bernkake spews,

He just causes noise in the system.
Of course, price changes because of trader's decisions, but important moves usually happen when Bernanke is speaking.

Feb 29: manipulators used him as a cover to make price drop.

In January 25 when he was speaking came the breakout from 1650s to 1710s.

Monday's 20$ move came by the time of his speech.

So, for me traders go nuts when he says something.
  • #18,072
  • Mar 27, 2012 9:16pm Mar 27, 2012 9:16pm
JSR, he is the FED.

The FED prints the USD or the FRN, "Federal Reserve Note"
It is the world reserve currency.

Yet,

as a budding gold trader, you should, as you are read the news and pay attention to bercake.

BUT,
You also need to know and learn that the USD and GOLD are NOT always an inverse correlation anymore,
There are many, many, factors that affect the price of gold besides good ol benny and his bs.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,073
  • Mar 27, 2012 9:18pm Mar 27, 2012 9:18pm
EVERYTHING YOU DO IN THIS MARKET AFFECTS THE USD. NOT JUST BBernaked
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,074
  • Mar 27, 2012 9:23pm Mar 27, 2012 9:23pm
Not picking on you at ALL

BUT I saw a trade you posted the other day,
you got stopped out.

The trade then went 10 USD in your favor.
Had your stop been 3 to 5 USD wider you would have one.

NEVER put stops on pivot lows or swing lows,

If you want a safe safe safe stop put it below the second to last swing low on a higher Time frame, and use support resistance and the channel.

Perhaps we are due for a weekly channel update?

Also, I still DO NOT RECOMMEND trading gold on short term TFs for NOOBS it is borderline account suicide.

Quoting jsr
I'm out, but I think a retest of 1670 is not out of the table.

I'm just more comfortable with tiny trades.

It's up to you, Bernanke!!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #18,075
  • Mar 28, 2012 12:09am Mar 28, 2012 12:09am
Quoting split_unit
Thanks for the warm welcome X!

I didn't buy below, I could have bought below on a tier 1 size (.25 of my full size) but chose not to. On this idea, I want price to prove me right and hit my entery at $44.75, because I believe that if that price gets hit a snowball affect would take place and the price would probably trend higher. Your idea is correct but I guess its down to personal preferance.

As for correlations, the market as a whole is becoming less and less correlated in this low volatility environment. Its normal. I will post other trades...
Heres why I didn't buy below my price level. I also (80% of the time) dont buy in the first 5-10 minutes after the open and heres why, ABX opened at my level and withing the first 5 minutes got crushed and went down close to 60 cents. My entry mostly is decided by my conviction and the trend of the trade. If ABX were strong and were to rally then it would have come back and proved me wrong and thats when I would have entered.
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  • #18,076
  • Mar 28, 2012 12:39am Mar 28, 2012 12:39am
Quoting XTrade
Not picking on you at ALL

BUT I saw a trade you posted the other day,
you got stopped out.

The trade then went 10 USD in your favor.
Had your stop been 3 to 5 USD wider you would have one.

NEVER put stops on pivot lows or swing lows,

If you want a safe safe safe stop put it below the second to last swing low on a higher Time frame, and use support resistance and the channel.

Perhaps we are due for a weekly channel update?

Also, I still DO NOT RECOMMEND trading gold on short term TFs for NOOBS it is borderline account suicide.
If I may add a point, if trading tight stops is your thing, you should ALWAYS have a plan to re-enter. A stop is there to invalidate a trade and not an idea. If the idea proves to be correct you should ALWAYS re-enter. Learning to accept losses and re-enter on good idea is one of the things that made the difference in my trading.
  • #18,077
  • Mar 28, 2012 1:42am Mar 28, 2012 1:42am
GC 20 min

Sometimes simple is best......

beeb
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  • #18,078
  • Mar 28, 2012 2:00am Mar 28, 2012 2:00am
Quoting beeb
GC 20 min

Sometimes simple is best......

beeb
Interesting. The darkside has been pulling the gold down for the past week.
  • #18,079
  • Mar 28, 2012 2:15am Mar 28, 2012 2:15am
Quoting fxbreeze
Interesting. The darkside has been pulling the gold down for the past week.
I think you mean "for decades....."

beeb
  • #18,080
  • Mar 28, 2012 2:31am Mar 28, 2012 2:31am
Quoting beeb
I think you mean "for decades....."

beeb
Hello Mr. Beeb,

I will correct the statement, right after I apprehend the full understanding of gold metal. I am still reading up the thread.

Thank you for your contribution, Sir!

Your posts really shine enlightenment.


breeze
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