XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1125 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #22,481
  • Jan 24, 2013 5:23pm Jan 24, 2013 5:23pm
Quoting Bo_fajer
beeb do you think this fork will work ??
IMHO it's far too early to say, as the lines have not yet been tested and the fork has not had enough bars to develop....

The trend on the chart you have shown is clearly a downtrend and until that trend changes it would not be appropriate to expect much from upforks. You could gauge the strength of the trend by how strong or weak price is along a downfork.....

FWIW I am looking at a daily chart that starts in 2008 - it has had plenty of time to become validated....

beeb
  • #22,482
  • Jan 24, 2013 5:24pm Jan 24, 2013 5:24pm
Quoting Olu
Silver
Maybe that's what they want you to think......

beeb
  • #22,483
  • Jan 24, 2013 5:59pm Jan 24, 2013 5:59pm
Quoting beeb
Maybe that's what they want you to think......

beeb
You have a point there beeb. I think the powers that be are actively in the markets...

Olu
If you think you can or cannot do it you are correct
  • #22,484
  • Jan 24, 2013 10:12pm Jan 24, 2013 10:12pm
I think I saw a false break up for xag /usd in the 1 hourly chart touching 32.48.. Whenever there is false breaks, big force in opp direction for a period of time. Anyone else saw the false break up?
  • #22,485
  • Jan 24, 2013 10:14pm Jan 24, 2013 10:14pm
Quoting vsa4life
Looks like we might be about to break the resistance on SLV..
Careful... Most likely going down again
  • #22,486
  • Jan 24, 2013 11:43pm Jan 24, 2013 11:43pm
Quoting vaidas7777
Enjoy the ride till 1500 - 1570, silver 27 in six months.
why do u say that ?

what is your source for such claims ?
  • #22,487
  • Jan 24, 2013 11:46pm Jan 24, 2013 11:46pm
Quoting Pluvius
I think I saw a false break up for xag /usd in the 1 hourly chart touching 32.48.. Whenever there is false breaks, big force in opp direction for a period of time. Anyone else saw the false break up?
i always wanted to know what is a 'false break up' or a 'false breakout' .

what is it actually and how to see or determine that it is a false break up ?
  • #22,488
  • Jan 24, 2013 11:50pm Jan 24, 2013 11:50pm
drift down to 1650 ?
Attached Image (click to enlarge)
Click to Enlarge Name: gold2501.png Size: 24 KB
  • #22,489
  • Jan 25, 2013 12:55am Jan 25, 2013 12:55am
Quoting TheArcher
drift down to 1650 ?
I had 1653(ish) on my own charts as a potential target. Unfortunately my software froze in mid save after I'd completely redrawn my lines for gold, EUR/JPY, NZD/JPY using a calculator to verify accuracy else I'd upload a chart.

Gah! It just crashed again. NetDania charts were just updated on the weekend (forks now go crazy when you change time frames instead of just disappearing) and it's the only other program running that's Java-based as is TWS and I believe that is what's causing the problem. If anyone else is experiencing problems with Java-based programs when using NetDania charts, please send me a private message.
You can always make money tomorrow provided you don't lose it today.
  • #22,490
  • Edited 2:02am Jan 25, 2013 1:35am | Edited 2:02am
Quoting KADC
I had 1653(ish) on my own charts as a potential target. Unfortunately my software froze in mid save after I'd completely redrawn my lines for gold, EUR/JPY, NZD/JPY using a calculator to verify accuracy else I'd upload a chart.

Gah! It just crashed again. NetDania charts were just updated on the weekend (forks now go crazy when you change time frames instead of just disappearing) and it's the only other program running that's Java-based as is TWS and I believe that is what's causing the problem. If anyone else is experiencing problems with Java-based...
I understand this is silver n gold thread, but I am also interested in your views on eur/jpy! I got stopped out previously when it first dropped to the high 116 . something On jan 16. Hoping for a good entry point on that pair now that it had crossed 121
  • #22,491
  • Jan 25, 2013 5:13am Jan 25, 2013 5:13am
Quoting KADC
I had 1653(ish) on my own charts as a potential target
looking forward to ur chart upload

  • #22,492
  • Jan 25, 2013 6:23am Jan 25, 2013 6:23am
Quoting TheArcher
i always wanted to know what is a 'false break up' or a 'false breakout' .

what is it actually and how to see or determine that it is a false break up ?

Pm-ed you
  • #22,493
  • Jan 25, 2013 9:21am Jan 25, 2013 9:21am
Quoting Pluvius
Pm-ed you
thank you very much .

will read thru ur pm later.

once again , thanks
  • #22,494
  • Jan 25, 2013 11:36am Jan 25, 2013 11:36am
median MA 200 ?
Attached Image (click to enlarge)
Click to Enlarge Name: gold2501.png Size: 19 KB
  • #22,495
  • Jan 25, 2013 12:12pm Jan 25, 2013 12:12pm
Quoting TheArcher
median MA 200 ?
The low is calling imho but we should get a bounce before we get there. Gold has been un-inspiring especially to all (me included) who were expecting some upside action over 1700. Go figure...

Olu
If you think you can or cannot do it you are correct
  • #22,496
  • Edited 1:12pm Jan 25, 2013 12:28pm | Edited 1:12pm
Hello all traders. I'm trying to learn something new as I'm slowly starting to get irritated with the Forex market. I'm not in the position to be live trading anything right now so I'm very thankful for demo accounts. I'm still going to continue to demo trade Forex but only EUR/JPY...a new pair to me.

I'm going to be joining this thread but please don't bash me as I'm totally new to trading XAG/USD. I'm just looking to be a positive piece to the thread, learn from others and hopefully in the future be able to pay it forward to others.

I'm strictly demo trading right now as I'm unemployed and don't have any capital for any trading. I will be using Oanda's fxTrade platform.

I'm going to start my demo with $100,000 as I'm not sure what the minimum requirement is to trade XAG/USD. If anybody is willing to help me figure out the minimum requirement for trading XAG/USD I would greatly appreciate it.
  • #22,497
  • Jan 25, 2013 1:35pm Jan 25, 2013 1:35pm
Quoting Donatello
Hello all traders. I'm trying to learn something new as I'm slowly starting to get irritated with the Forex market. I'm not in the position to be live trading anything right now so I'm very thankful for demo accounts. I'm still going to continue to demo trade Forex but only EUR/JPY...a new pair to me.

I'm going to be joining this thread but please don't bash me as I'm totally new to trading XAG/USD. I'm just looking to be a positive piece to the thread, learn from others and hopefully in the future be able to pay it forward to others.

I'm strictly...

"I'm going to start my demo with $100,000 as I'm not sure what the minimum requirement is to trade XAG/USD. If anybody is willing to help me figure out the minimum requirement for trading XAG/USD I would greatly appreciate it." The minimum requirement to trade XAG/USD? Dont get this part...
  • #22,498
  • Jan 25, 2013 1:49pm Jan 25, 2013 1:49pm
Sorry for not making it more clear and easy to understand. For example with Oanda I can trade with $1 in my account. Not much one can do with $1 but that's my example.

I'm trying to figure out what is the minimum amount one must have in their trading account to trade 1 unit of XAG/USD. Hopefully that makes a bit more sense now.[

quote=Pluvius;6395345]"I'm going to start my demo with $100,000 as I'm not sure what the minimum requirement is to trade XAG/USD. If anybody is willing to help me figure out the minimum requirement for trading XAG/USD I would greatly appreciate it." The minimum requirement to trade XAG/USD? Dont get this part...[/quote]
  • #22,499
  • Edited 3:18pm Jan 25, 2013 2:34pm | Edited 3:18pm
Quoting Donatello
Hello all traders. I'm trying to learn something new as I'm slowly starting to get irritated with the Forex market. I'm not in the position to be live trading anything right now so I'm very thankful for demo accounts. I'm still going to continue to demo trade Forex but only EUR/JPY...a new pair to me.

I'm going to be joining this thread but please don't bash me as I'm totally new to trading XAG/USD. I'm just looking to be a positive piece to the thread, learn from others and hopefully in the future be able to pay it forward to others.

I'm strictly...
Oanda has no minimum if I remember correctly and, again, if I remember correctly, a single lot through that kind of broker is $400ish. The minimum cash balance to trade US futures and Forex through a regular broker varies by broker ($2,000 USD in the case of Interactive Brokers where I do my "active" trading) as does the starting capital to create an account in the first place ($25,000 and $50,000 are common amounts) but FINRA rules require $25,000 for day trading US stocks (no such requirement for futures, Forex, and non-US stocks) regardless of what country you live in. http://en.wikipedia.org/wiki/Pattern_day_trader

I would suggest you start your demo account with a realistic amount. It's easy to make "money" with $100,000 pretend dollars, but when it's real money you are losing when a trade goes badly it's a lot different. Even if you expect to fund your account with more, I would suggest starting your demo account with $2,500 and if you hit $2,000 consider yourself to have "lost" and start over with a new strategy. Alternately, if you hit $5,000 consider yourself to have "won" and start over, refining your strategy.
You can always make money tomorrow provided you don't lose it today.
  • #22,500
  • Jan 25, 2013 2:53pm Jan 25, 2013 2:53pm
Incredible information that you have shared with me my friend. I truly appreciate this very much and will take your advice on all that you have shared with me.

Thank you very much for being such a huge help.

Quoting KADC
Oanda has no minimum if I remember correctly and, again, if I remember correctly, a single lot through that kind of broker is $400ish. The minimum cash balance to trade US futures and Forex through a regular broker varies by broker ($2,000 USD in the case of Interactive Brokers where I do my "active" trading) as does the and the starting capital to create an account in the first place ($25,000 and $50,000 are common amounts) but FINRA rules require $25,000 for day trading US stocks (no such requirement for futures, Forex, and non-US stocks)...
119 traders viewing now