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

  • #28,341
  • Nov 18, 2013 6:50am Nov 18, 2013 6:50am
Quoting venzen
{quote} hi Mave, i like this chart - seems you nailed the pivotal TL for the decline as well as the critical daily S&R levels for the current PA area. thanks for posting!
that TL was there on a chart i posted on 8th oct
A trade should be based on an assumption based on facts
  • #28,342
  • Nov 18, 2013 6:50am Nov 18, 2013 6:50am
this down 30M candle followed by an engulfer would make this bottom complete. So more time needed to take us most likely above 1294.5.
  • #28,343
  • Nov 18, 2013 6:59am Nov 18, 2013 6:59am
and stopped out of my daytrade, this does however not change my swingtrade anlysis ... plenty of noise in the daytrade tf's here ...
  • #28,344
  • Nov 18, 2013 7:10am Nov 18, 2013 7:10am
At last, the 50% retracment... Now to top up on long positions


Looks like decent buying pressure here also, the heard keeping prices low while the bank stock up with longs is my theory
Attached Image (click to enlarge)
Click to Enlarge Name: rexauusdm15.png Size: 52 KB
insideBars==boss
  • #28,345
  • Nov 18, 2013 7:16am Nov 18, 2013 7:16am
Nice sell trade from Friday. Just exited a few minutes ago after 987 (gold) pips.
Life is easy!
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh1_exit.png Size: 38 KB
  • #28,346
  • Nov 18, 2013 7:31am Nov 18, 2013 7:31am
Quoting pipcenturion
Nice sell trade from Friday. Just exited a few minutes ago after 987 (gold) pips. Life is easy! {image}
Nice trade.. Congrats!
  • #28,347
  • Edited 7:34am Nov 18, 2013 7:32am | Edited 7:34am
nice one pipcenturion you are really onto something

i just added long at 1280, after reading what the rhodie posted i followed to an article about future traders starting to jump into the xau market
http://www.thebull.com.au/premium/a/...o-go-long.html

As mentioned for twinkelstars, here is a strategy i use on all products
i couldnt figure out how to send you a pm with an image so posting it here
Attached Image (click to enlarge)
Click to Enlarge Name: Strategy 172 - Jaypipin.png Size: 228 KB
Attached File(s)
File Type: ex4 Auto-Pivot Plotter (Mid-Levels) V1-41.ex4   5 KB | 455 downloads
File Type: mq4 Auto-Pivot Plotter (Mid-Levels) V1-41.mq4   14 KB | 485 downloads
File Type: ex4 Daily Pivot Points.ex4   4 KB | 480 downloads
File Type: mq4 Daily Pivot Points.mq4   4 KB | 467 downloads
File Type: tpl 173 - jaypipin.tpl   3 KB | 495 downloads
  • #28,348
  • Nov 18, 2013 7:32am Nov 18, 2013 7:32am
Quoting Rf7
{quote} Nice trade.. Congrats!

Thank you.
  • #28,349
  • Nov 18, 2013 7:39am Nov 18, 2013 7:39am
congratulations to Mr. Centurion and others who just got their profits
i put sell on 1285 but i guess too early for the TP on 1282, too bad it goes down further. but still enough anyway
The Force is with me.. Im One With the Force..
  • #28,350
  • Nov 18, 2013 7:41am Nov 18, 2013 7:41am
Quoting crisis
with 12 lots i'm waiting long for gold since friday.. it is annoying now !

either you got big kahunahs or your an oil mogul with a big account, where is your exit if this thing goes south, this bar 4hr was a close call for me, my 2nd of 3 strategies has me long until 1298 and an exit at 1272 ish
  • #28,351
  • Nov 18, 2013 7:48am Nov 18, 2013 7:48am
my analysis until a setup short occurs
all positions are long
Attached Image (click to enlarge)
Click to Enlarge Name: 18.11.2013 - XAGUSD H4 - 01.png Size: 56 KB
  • #28,352
  • Nov 18, 2013 7:49am Nov 18, 2013 7:49am
Hello all, Good Morning, night and afternoon!

Already a nice 10 USD swing today from the now stagnant area of the mid 1280s into 1277.xx

As forecast last week with no follow through from 1285 to crack 1300 or at least be pushing 1295 from Aussie open through to London open
1275 became the next point to look to.

I have been watching the ticker all morning,

and in the chart below, you can see clearly before the NY open price dropped off and was then picked up upon NY open from the low,
now back in the 1280+ area.

Commods - except for wheat have been slightly red as a whole this am - copper just turned north.

Furthermore, if 1282 minor broken support ATM is rejected northside we could see 1275 neg.

A bit odd as the S&P and DOW have been green as well with some minor pips on Aussie and Euro north,\

Silver still stagnant yet range has opened up southside from .20 cents to .40 cents.. WOW

Nothing has really moved to far at all today so far.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Picture 9.png Size: 24 KB
Click to Enlarge Name: Picture 10.png Size: 25 KB
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #28,353
  • Nov 18, 2013 7:55am Nov 18, 2013 7:55am
Quoting JayPipin
{quote} either you got big kahunahs or your an oil mogul with a big account, where is your exit if this thing goes south, this bar 4hr was a close call for me, my 2nd of 3 strategies has me long until 1298 and an exit at 1272 ish
luckily that every so often there is someone of good sense that it is clear for himself and for others. Really thanks on behalf of myself and those that are reflected in this.

P.S. Hopefully traslator has done a good job..
  • #28,354
  • Nov 18, 2013 7:58am Nov 18, 2013 7:58am
Let the sell off continue!
1269 here we come.
  • #28,355
  • Nov 18, 2013 8:00am Nov 18, 2013 8:00am
Here comes trouble. US is to discover it's monetary policies are actually failing completely and will begin to lie to the world about it's actual health and try get it's citizens to believe it too. The markets will very soon begin to shift completely to Euro as renimbo currency. There are very few detractors from this sense and will lead to a global currency in the future as a non-national currency is not goverened by soveriegn policy, but international co-operation. US currency failure will be the light shining on a single global currency.
You win, you lose. All else is history. The future does not exist.
  • #28,356
  • Nov 18, 2013 8:01am Nov 18, 2013 8:01am
Quoting pipcenturion
Nice sell trade from Friday. Just exited a few minutes ago after 987 (gold) pips. Life is easy! {image}

me:
  • #28,357
  • Nov 18, 2013 8:02am Nov 18, 2013 8:02am
http://i1116.photobucket.com/albums/...psc4a86d56.jpg

Seems PA is supported by 1276. If day candle closes above this level, next resistance will be 1291. Should it continue downwards, the trendline will be interesting to watch as we see some failed bear last week.

This is just my view, I am new in gold.
The true fact is market doesn't care, risk mgt is important.
  • #28,358
  • Nov 18, 2013 8:07am Nov 18, 2013 8:07am
Quoting JayPipin
nice one pipcenturion you are really onto something i just added long at 1280, after reading what the rhodie posted i followed to an article about future traders starting to jump into the xau market http://www.thebull.com.au/premium/a/...o-go-long.html As mentioned for twinkelstars, here is a strategy i use on all products i couldnt figure out how to send you a pm with an image so posting it here {image} {file} {file} {file} {file} {file}
Thanks Jaypipin, will go back studying n babypips school first I skip class too often I think LOL
  • #28,359
  • Nov 18, 2013 8:09am Nov 18, 2013 8:09am
Quoting The Rhodie
Here comes trouble. US is to discover it's monetary policies are actually failing completely and will begin to lie to the world about it's actual health and try get it's citizens to believe it too. The markets will very soon begin to shift completely to Euro as renimbo currency. There are very few detractors from this sense and will lead to a global currency in the future as a non-national currency is not goverened by soveriegn policy, but international co-operation. US currency failure will be the light shining on a single global currency.
This should be a bonus for metals wouldnt you say Rhodie
Recently there was alot of discussion on previous posts about the renimbi coming into being a global dominant currency with all the xau buying the chinese gov are undertaking amoung other strategic measures

btw these two previous m30 bars signal a long on my strategy 173 as per screenshot previously posted for twinklestars - edit target reached
  • #28,360
  • Nov 18, 2013 8:13am Nov 18, 2013 8:13am
Interesting chart, a bit confused as to where exactly you are taking the trades, Here's my two sense for everyone.. Not geared towards you mate

using simple Support and Resistance as well as your dark blue SMA I would look at this strategy as such.

Short setup CONSIDERED on first test down to a minor support,
price then rises slightly

and gives us two sell signals
aggressive - take the trade on a failure of a break of the DARK blue SMA (or even a test)
safe - set an order to get filled on a support pullback Failure - meaning the last low broken, price drops below, you get filled.

To flip the trades long- using the same chart.

Aggressive, - Look at the first low and the first pinbar, - buy the second low on the second bar as it "pins"
safe - the lows are established with some nice wicks, yet shorts cannot break the support (1267 appx) so again safer entry buy the third or fourth bar once it forms again at support

EVEN SAFER - wait for the 4th bar to take out the prior bars High


Quoting JayPipin
my analysis until a setup short occurs all positions are long {image}
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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