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

  • #24,461
  • Aug 20, 2013 10:01am Aug 20, 2013 10:01am
From Beeb,


XTrade

Here’s what I’ve been looking at GC 240 :

http://www.screencast.com/t/XY0qnwbCrQ

Detail:

http://www.screencast.com/t/Ph94MZlkfQ

Really good action for quiet August months with entries at green circles and exits at red – $124 on 3 moves and long again from 1357 ......

Also watching the P action on this abcd:

http://www.screencast.com/t/IJG5qPrcikD


BTW registration for my free charting webinar next week is now open at this link so please share it if you wish :

http://www.coghlancapital.com/node/6530
Attached Image (click to enlarge)
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,462
  • Aug 20, 2013 11:24am Aug 20, 2013 11:24am
is something wrong ?

under "commodities and stocks " ..... this thread ....

it says it has "Moved" and the column "last post " and "replies" are blank ....
  • #24,463
  • Aug 20, 2013 11:30am Aug 20, 2013 11:30am
Quoting emirfas1
{quote} i take this chart from a webpage. if admin allows i can write the address. {image}
Is that some kind of regression channel or a trend line with parallel lines?
  • #24,464
  • Edited 12:07pm Aug 20, 2013 11:49am | Edited 12:07pm
Quoting XTrade
This forum is here to suit ALL metals traders. Wanna throw out calls and scalp with me for a day head to head? No Problem, Yet, since I mostly trade GOLD long term ie: daily weekly etc. I don't post my entries and exits to every 5 to 20 USD measly scalp. This is not interesting. Yet the floor is yours. Go find another thread to post in if you don't like it here. OR PUT YOUR MONEY WHERE URE MOUTH IS AND make A CALL with a CHART or a FUNDAMENTAL or NEWS Driven REASON. STICK TO IT, POST IT AND POST THE RESULTS. Otherwise... U have a chance...
I am not sure why you replied as you did. I think if you read my comments again you will see that it was merely an observation on the frequency of comments posted.. Apparently you took my comments as some sort of critique, when it was not.
I am here to learn, and improve my experience in trading metals. The trades I have made with Gold have always been positive, albeit limited as they have been. However, if in some way you were offended, my apologies. Have a wonderful day.
  • #24,465
  • Aug 20, 2013 11:55am Aug 20, 2013 11:55am
Quoting cg uno
{quote} Assuming "a pip" is a cent suggest you try another broker ........
I have a pro account. if I open 1 (one) lot to trade its $150-200 USD. I can see where micro accounts or trades at .01 lots would be that low.
I am in the USA, but use a broker out of the USA to get 1:100 vs 1:50 in USA.
  • #24,466
  • Aug 20, 2013 12:04pm Aug 20, 2013 12:04pm
Quoting PROstrength
{quote} I have a pro account. if I open 1 (one) lot to trade its $150-200 USD. I can see where micro accounts or trades at .01 lots would be that low. I am in the USA, but use a broker out of the USA to get 1:100 vs 1:50 in USA.
my comment remains the same - the normal spread should be 2-3 cents - if you are being quoted more than this you should think about shopping around .....
  • #24,467
  • Aug 20, 2013 12:08pm Aug 20, 2013 12:08pm
Quoting cg uno
{quote} my comment remains the same - the normal spread should be 2-3 cents - if you are being quoted more than this you should think about shopping around .....
Thanks for that information. I appreciate your assistance and time to respond; it is always good to get feedback.
  • #24,468
  • Edited 12:51pm Aug 20, 2013 12:28pm | Edited 12:51pm
Quoting PROstrength
{quote} I am not sure why you replied as you did. I think if you read my comments again you will see that it was merely an observation on the frequency of comments posted.. Apparently you took my comments as some sort of critique, when it was not. I am here to learn, and improve my experience in trading metals. The trades I have made with Gold have always been positive, albeit limited as they have been. However, if in some way you were offended, my apologies. Have a wonderful day.
No problem buddy,

I thought I had apologized but I guess I did not.

Probably just frustrated with my broken hand and another poster,

Perhaps I saw it as a complaint if I remember,

If you want to learn you are in the right place and welcome to you.

Sincerely,
XTrade.

To all:
BTW: scalpers are welcome - just no need to post every entry and exit if shooting for 3 to 5 USD moves.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,469
  • Aug 20, 2013 12:30pm Aug 20, 2013 12:30pm
Quoting TheArcher
is something wrong ? under "commodities and stocks " ..... this thread .... it says it has "Moved" and the column "last post " and "replies" are blank ....

Yes it was moved, It should probably go back to commodities and stocks right?
All please give an opinion of where the thread should be.!!!
Thanks!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,470
  • Aug 20, 2013 12:39pm Aug 20, 2013 12:39pm
Quoting emirfas1
{quote} i take this chart from a webpage. if admin allows i can write the address. {image}
Here are weeklies in line and candlestick form:

Noteworthy points:
1. 2008 origin uptrend broken channel which includes all time high.
2. Major Horizontal Support and resistances in blue.
3. DTLs in RED
4. Uptrend Lines "UTLs" in Green origin one 2002 through 2008
5. How the TLs intersect with horizontals supports
6. The range between appx 1780 and 1550 that occurred for almost all of 2012 into 2013, once 1550 broke the downtrend / correction began
--- and was accelerated due to profit taking, sell stops, a strengthening greenback, etc. --- preceded by the 2008 channel break in @ 1700 appx
7. One target for upcoming sessions appx 1475.
8. How crucial 1550 will be. and IS.

Edit added another chart with fibos over my lines from weekly high appx 1920 to low 1180 in yellow

Next up silver weeklies.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,471
  • Aug 20, 2013 12:47pm Aug 20, 2013 12:47pm
In essence the move up and correction after that occurred in 2008 resembles the more recent and larger move up and steep correction from 2011-now.

It's always the STAIRS UP and the ELEVATOR DOWN!!!!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,472
  • Aug 20, 2013 12:57pm Aug 20, 2013 12:57pm
Quoting XTrade
1362 /60 not budging so far on Profit taking, if you wanted an entry off the 1380 high here is a potential 20 USD discount. Use YOUR DISCRETION> Just pointing out the obvious.

Looks like the dip was bought so far.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,473
  • Aug 20, 2013 1:12pm Aug 20, 2013 1:12pm
Quoting XTrade
{quote} No problem buddy, I thought I had apologized but I guess I did not. Probably just frustrated with my broken hand and another poster, Perhaps I saw it as a complaint if I remember, If you want to learn you are in the right place and welcome to you. Sincerely, XTrade. To all: BTW: scalpers are welcome - just no need to post every entry and exit if shooting for 3 to 5 USD moves.
No problem XTrade. I overstand there are usually misunderstandings over such things. I am just glad I noticed the reply.
I never post my wins, or losses to gain wins, unless there is something to learn or gain from it. I recall posting a
trend I noticed in Gold, while I was over in the EUR/USD forums before I found this one. I moved on it, and it paid off
nicely. I am a very low key poster. I always say, Life is free, but experience will cost you. Thanks again!
  • #24,474
  • Aug 20, 2013 1:19pm Aug 20, 2013 1:19pm
Quoting jsr
{quote} Is that some kind of regression channel or a trend line with parallel lines?

you can send a mail to fxstreet.com, a broker will answer your question. because they draw it.when people buy something, they don't want to see any downtrend lines. this is the problem. i understand.
  • #24,475
  • Aug 20, 2013 1:45pm Aug 20, 2013 1:45pm
Quoting emirfas1
{quote} you can send a mail to fxstreet.com, a broker will answer your question. because they draw it.when people buy something, they don't want to see any downtrend lines. this is the problem. i understand.
emirfas1, I meant no offence. It was an honest question. I know there is a study called Regression Channel and I was wondering if that chart is showing such a channel.

Sorry if it felt like bullying or something else.
  • #24,476
  • Aug 20, 2013 4:15pm Aug 20, 2013 4:15pm
Xtrade thank you for charts.
  • #24,477
  • Aug 20, 2013 6:49pm Aug 20, 2013 6:49pm
i dont know what will happen with the fomec
but this could happen unless we see a strong move thro 1385
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  • #24,478
  • Aug 20, 2013 8:29pm Aug 20, 2013 8:29pm
Quoting emirfas1
Xtrade thank you for charts.
No problem
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,479
  • Aug 20, 2013 8:36pm Aug 20, 2013 8:36pm
Quoting Bo_fajer
i dont know what will happen with the fomec but this could happen unless we see a strong move thro 1385 {image}
Certainly possible, or another possible scenario is 1360/55 area holds on a dip which would be appx the middle of your outlined zone, then a break through the top line.
There is a cluster of old sideways PA visible on your chart that could act as resistance.

A clean break of 1385 / 1390 should spell 1400 to 1420 with ease in upcoming sessions.

Beside the FOMC we have US unemployment on Thursday and the Jackson Hole Symposium to keep an eye on regarding news...
Jackson Hole:
Quoting fx factory
The Economic Symposium, held in Jackson Hole, Wyoming, is attended by central bankers, finance ministers, academics, and financial market participants from around the world. The meetings are closed to the press but officials usually talk with reporters throughout the day. Comments and speeches from central bankers and other influential officials can create significant market volatility;
Things will start heating up come September.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #24,480
  • Aug 20, 2013 11:39pm Aug 20, 2013 11:39pm
why the "Move" ...?

when will it be settled ... ?
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