Disliked........ Basically, if their proposal comes into play, watch out for an unusually HUGE spike upwards!Ignored
And I did read the article.
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
Disliked........ Basically, if their proposal comes into play, watch out for an unusually HUGE spike upwards!Ignored
Dislikedwhat the hell silver price low as low 0.33..it burn already my account..how about you guy?Ignored
DislikedHistory repeats itself.
....................................................................Ignored
Disliked.33 would be 33 cents.
And the price is currently 27.16
Burned account = too high leverage or too high lots.
Which one is it and you will have the answer.
The charts are not much besides sideways noise at the moment.UP Down Up down Up...Ignored
DislikedQE is actually taking toxic assets off banks balance sheets which is supposed to allow the banks to lend more freely. The problem is:
1. The banks are heavily insolvent.
2. Public sector debt is so high that banks cant justify lending more money to people that are up to their eyeballs in debt already.
3. The banks are little more than large hedge funds because of the repeal of Glass Steagal. They would rather free up capital to speculate with customer deposits than to lend.
4. They can always borrow at zero percent and buy thirty year...Ignored
DislikedWhat i mean silver price open at 0.33cent drop more usd 20.my broker said it spike they guarantee want give back my money and open position.but really dont know..do you have any experience on this?Ignored
DislikedIn a nutshell, The Basel group is proposing Gold [among a list of other assets] be treated as the highest form of collateral in the $650 trillion over-the-counter derivatives market. The aim is basically to standardise margin requirements, forcing banks to hold collateral to reduce probability of another Lehman dilemma. Basically, if their proposal comes into play, watch out for an unusually HUGE spike upwards!Ignored
DislikedJust as may closed with rotation back to monthly pivot 1608 area , june also extended out and did the same rotating back to monthly, quarterly and single year pivot 1600-1604 area.
Bias is down from 1600-1611 area.
I have 3rd quarter support at your 1522-5 area, the 100 wk. sma.
Next time frame I have single year lows at 1296 where your blue line 200 wk. sma is heading.
First things first on the weekly
1632
1595
1548
monday daily
1618
1595
1570
Silver a bear since 34.50 area, have some powder for July lows 25.50 area, eyes open to...Ignored
DislikedI use Ensign charting with Esignal feeds so unless you do as well, the answer is obviously "No".......
beebIgnored
DislikedHey beeb thanks for the reply
I can use the same setup as yours if its available as demo.
is it correct place to look for
http://www.esignal.com/
http://www.ensignsoftware.com/features/datavendors.php
ThanksIgnored
DislikedI use MT4 to trade Gold because it is the only platform in the US I can still do so on. I ALSO DO SO WITH ABSOLUTELY NO LEVERAGE. I also use it for charting and I consistently wipe my charts to nothing and redraw the same channel to perfect it.
Unfortunately it seems the first and longest candle chart is a bit sloppy but you will get the point.
Here is a key to the charts.
Blue lines rising = regular price movement channel
Red lines rising = channel price blowouts/ reaction highs or lows "dips" etc.
Gray lines are support and resistance...Ignored
DislikedBanks that deal in OTC derivatives will need to stock pile on collateral to satisfy regulators tightening their grips. This means gold [alongside other proposed assets] will be held as collateral and not for speculative purposes. In an estimated $650 trillion market, implications will be very positive for Gold. Also in line with another proposal to upgrade Gold to a Tier 1 asset from its current Tier 3. Again...Ignored
Dislikedpoint to be noted specially for newbies
The 2 questions that come to my mind are when and how much metal - on timing Basel III kicks in from January 2013 with a further tightening in capital adequacy ratios in 2018. That said, it is not yet clear when gold's re-rating to Tier 1 might take place.
its a long term view so proper MM is required to trade this
just my 2 centsIgnored