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

  • #28,001
  • Nov 13, 2013 11:28am Nov 13, 2013 11:28am
trend line holding so far
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  • #28,002
  • Edited 12:26pm Nov 13, 2013 12:01pm | Edited 12:26pm
Quoting cvds16
my views on markets: http://localsfoolsgold.blogspot.be/2...etails-on.html
alas ... i have heard this many many many times :

just look at price and how it behaves. It's the sum of all the action of all the participants in the market. Their 'actions' not their 'talk' which can be found in charts should tell you what gold will be doing next. And then try to not be too opinionated but flexible and disciplined ... that's how you make money in any market. Be sceptical not naive, be doubtfull and question critically all kinds of information that's been given to you when it's in the form of stories. Even your own. My adagio is: I know shit ! Instead look at charts and try to interpret them. Learning the art of chart reading takes time though and even after a while there are moments when things are not too clear and moments of doubts arise. However there is one thing were charts truelly excell. And that is in the department of 'risk management'. They can help you greatly on where to put stops once you got a position on, move them and where to actually get out of a position. My first stop is always volatility based and the moving of my stop progresses according to the following price action.

and

Remember: bulls make money, bears make money, but pigs get slaughtered.

but yet , not one had said specifically " this is how you read the charts " , " this is how you read the price action " , " if A happens and B happens then Bang! this is the result ! guaranteed !! " ..... not one has said it .... !!!

risk management ? another fancy word i suppose ... what good is this word when u have lost your money ?

so what is the correct way to read the charts and price action , can you share with us ? once we know this , then only we can talk of reducing the chances of losses .

can u share with us ?
  • #28,003
  • Nov 13, 2013 12:08pm Nov 13, 2013 12:08pm
Quoting The Rhodie
I have no idea what gold is doing today. I refuse to enter again today until I can see a clearly defined opportunity to place a trade.
and again I repeat that sentiment.
You win, you lose. All else is history. The future does not exist.
  • #28,004
  • Nov 13, 2013 12:36pm Nov 13, 2013 12:36pm
incredibly boring inside bar so far today, doubtfull we will make some kinda late move ... not exactly the best environment for intradaytraders ...
  • #28,005
  • Nov 13, 2013 12:43pm Nov 13, 2013 12:43pm
Quoting cvds16
incredibly boring inside bar so far today, doubtfull we will make some kinda late move ... not exactly the best environment for intradaytraders ...
My ass is numb from watching such a boring move today. At least I made money on Monday, today has irritated me to the point that I may just watch that speech at 12h00 in about 4 hrs time. It may actually ... wtf am I thinking? G'nite people. This day's done for me. I refuse to give anything to the market as it's not offering anything to me. When I wake up to Thurday, something will have happened and I will know better what to think of the market. Until then, all bets are off on spread betting!
You win, you lose. All else is history. The future does not exist.
  • #28,006
  • Nov 13, 2013 12:57pm Nov 13, 2013 12:57pm
Quoting Islander
{quote} without a signal, right now I'm.... {image}
Islander has squirreled away his nuts and sits tight on the fence looking for predators...

Cool photo.
You win, you lose. All else is history. The future does not exist.
  • #28,007
  • Nov 13, 2013 1:16pm Nov 13, 2013 1:16pm
Quoting cvds16
incredibly boring inside bar so far today, doubtfull we will make some kinda late move ... not exactly the best environment for intradaytraders ...
I'm expecting boring till 2014......

Likely we will bottom out around the range of 1225. Deduced from 1250 support - at current - 1200 candlestick low and 1180 wick "reaction low."
Give or take an inch or two.

Yet, a tight range offers PLENTY of scalping opportunities to stack on lots and look for simple 3 to 5 USD fluctuations in price.

1450 and 1350 have to get beat to the upside. And now 1300.

1250 and 1180 need to get beat for the downside.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #28,008
  • Nov 13, 2013 1:19pm Nov 13, 2013 1:19pm
Good mate!
Never give the market anything. Let it come to you.

Quoting The Rhodie
{quote} My ass is numb from watching such a boring move today. At least I made money on Monday, today has irritated me to the point that I may just watch that speech at 12h00 in about 4 hrs time. It may actually ... wtf am I thinking? G'nite people. This day's done for me. I refuse to give anything to the market as it's not offering anything to me. When I wake up to Thurday, something will have happened and I will know better what to think of the market. Until then, all bets are off on spread betting!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #28,009
  • Nov 13, 2013 1:25pm Nov 13, 2013 1:25pm
Quoting XTrade
{quote} I'm expecting boring till 2014...... Likely we will bottom out around the range of 1225. Deduced from 1250 support - at current - 1200 candlestick low and 1180 wick "reaction low." Give or take an inch or two. Yet, a tight range offers PLENTY of scalping opportunities to stack on lots and look for simple 3 to 5 USD fluctuations in price. 1450 and 1350 have to get beat to the upside. And now 1300. 1250 and 1180 need to get beat for the downside.

We might see some sort of upside manipulation as all the hedge funds, institutions, etc. try to stake gains on gold yearly - for their customers.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #28,010
  • Nov 13, 2013 1:26pm Nov 13, 2013 1:26pm
Quoting The Rhodie
{quote} and again I repeat that sentiment.

PA today has been annoying and hasn't done a lot for my mood. Strange that on the day most members here (including me) have very strong opinions about direction, we all get nothing to share.

Also disappointed my EW presentation hangs with nothing to show...

I'm calling it a day and come back tomorrow with fresh eyes...

Goodnight all.
cryptocurrency everytime
  • #28,011
  • Nov 13, 2013 1:37pm Nov 13, 2013 1:37pm
1200 is coming in GOLD
Money never sleeps I can hear the dollar calling me
  • #28,012
  • Nov 13, 2013 2:09pm Nov 13, 2013 2:09pm
Quoting shivam332
1200 is coming in GOLD
elaboration??? please. Thanks.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #28,013
  • Nov 13, 2013 2:15pm Nov 13, 2013 2:15pm
V-
Unfortunately, all the chart has really shown as of late is sideways movement. Gold has decoupled from some of the propellors that created 1920 such as a stronger Euro.

If anything, one might justify a weaker dollar should have more influence on the Gold price overall. Yet, we all know here there are many factors that come into play besides some minor "correlation studies" when analyzing gold.

Do the fundamentals reflect the current price? - Absolutely not.

Do the techs make sense? Sometimes, as of late, support and resistance usually doesn't lie.

Do the two match up? No way...

So we are left with an end of year price that is trapped in an appx 100 USD range thus far.

Quoting venzen
{quote} PA today has been annoying and hasn't done a lot for my mood. Strange that on the day most members here (including me) have very strong opinions about direction, we all get nothing to share. Also disappointed my EW presentation hangs with nothing to show... I'm calling it a day and come back tomorrow with fresh eyes... Goodnight all.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #28,014
  • Nov 13, 2013 2:40pm Nov 13, 2013 2:40pm
hi xtrad,
do u think that gold will be affected by burnake's speech which is coming few hours later,

thanks,
MRMALIK1
  • #28,015
  • Nov 13, 2013 4:09pm Nov 13, 2013 4:09pm
now it is time for 1311.. if weekly closing can be around this level it means bulls are coming for gold..
  • #28,016
  • Nov 13, 2013 4:58pm Nov 13, 2013 4:58pm
http://localsfoolsgold.blogspot.be/2...ite-rally.html
  • #28,017
  • Nov 13, 2013 5:05pm Nov 13, 2013 5:05pm
Quoting TheArcher
{quote} alas ... i have heard this many many many times : just look at price and how it behaves. It's the sum of all the action of all the participants in the market. Their 'actions' not their 'talk' which can be found in charts should tell you what gold will be doing next. And then try to not be too opinionated but flexible and disciplined ... that's how you make money in any market. Be sceptical not naive, be doubtfull and question critically all kinds of information that's been given to you when it's in the form of stories. Even your own. My...
Yeah, I know Archer, 'common sense' in trading soon starts to sound like clichés. I can't actually learn you how to 'look' at charts ... it actually took me quite a few years to be able to do that (and a lot of messing about in intraday trading :-( ) and like I said ... I am not able to actually be your eyes or really guide them to look at things 'in the right way'. This isn't an exact positive science. It takes looking at plenty of charts. There are times when I am in 'full doubt mode' myself... however I hope that my blog might shine some light on things in the end. I try to make it quite unambiguous and clear. That's about as clear as I can get ... Hope it helps somehow ...
  • #28,018
  • Nov 13, 2013 5:20pm Nov 13, 2013 5:20pm
Quoting cvds16
{quote} Yeah, I know Archer, 'common sense' in trading soon starts to sound like clichés. I can't actually learn you how to 'look' at charts ... it actually took me quite a few years to be able to do that (and a lot of messing about in intraday trading :-( ) and like I said ... I am not able to actually be your eyes or really guide them to look at things 'in the right way'. This isn't an exact positive science. It takes looking at plenty of charts. There are times when I am in 'full doubt mode' myself... however I hope that my blog might shine some...
Hope you won't mind if I ask what is your outlook for next few hours?
  • #28,019
  • Nov 13, 2013 6:14pm Nov 13, 2013 6:14pm
Quoting kirkland
{quote} Hope you won't mind if I ask what is your outlook for next few hours?
sure 5 USD range. meaning 1000 to 1005
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #28,020
  • Nov 13, 2013 6:21pm Nov 13, 2013 6:21pm
Hello Sir,

You seem to be respectful of the members and rules as well as have some intelligence.

I truly hope you will not disappoint, in the sense of becoming and A$$#OLE.

Not that I am saying you are by any means, yet I always welcome Newbie gold traders, as well as Experienced ones, this is HOW, IMO this thread,
has managed some success over the years.

Your analysis is welcome. Please do try and elaborate on your trading devices. Mine are simple and "old school" that is what works best for me.

Yet, cross analysis is welcome, and, I might be one of the few trader's on this forum that specifically use fundamentals, techs and news on any given trading day for
GOLD and / or Silver. Brent / or WTI. Copper, etc.


XT-

Quoting cvds16
{quote} Yeah, I know Archer, 'common sense' in trading soon starts to sound like clichés. I can't actually learn you how to 'look' at charts ... it actually took me quite a few years to be able to do that (and a lot of messing about in intraday trading :-( ) and like I said ... I am not able to actually be your eyes or really guide them to look at things 'in the right way'. This isn't an exact positive science. It takes looking at plenty of charts. There are times when I am in 'full doubt mode' myself... however I hope that my blog might shine some...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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