XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #29,064
- Nov 26, 2013 9:11pm Nov 26, 2013 9:11pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
{quote} what spamming !!! are u kidding ? never direct me cause my reaction will be very hard do u understand ?try to keep your mouth away of me otherwise i have one thing to give to u more over if u don't like my posts better to not reply or comment or read it u can easly ignore me , but am sure that too much guys here need to read my posts
I just caught this now. Being that you are new to this thread you should read a bit before potentially causing arguments with other members.
I will read back to see how exactly this has transpired, not that I should have to because there are rules in the FIRST POST.
POST ONE.
Rule # 5
5. TREAT OTHERS AS YOU WOULD LIKE TO BE TREATED (CONSIDER THIS THE GOLDEN RULE)
Furthermore - if you have a PERSONAL gripe or argument with someone take it elsewhere or PUT THEM ON IGNORE.
I suggest to all new members who may not have read it, please take a look.
Basically this is just a post designed to make all aware of the rules as well as the fact that arguing, (debate and discussion is totally different) name calling,
and / or suggestive solely negative personal gripes will not be tolerated.
The rules are simple. Everyone who is new, should familiarize themselves with the recent posts, POST ONE, as well as skimming old posts to get a feel for how the discussion, analysis and what not, works. When I have time, Post One will be further updated with certain areas of the thread suggested for reading.
Offering the viewer a brief guide to jump around with a bit of a guide.
Thank you all.
XTrade.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #29,066
- Nov 26, 2013 9:27pm Nov 26, 2013 9:27pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #29,067
- Nov 26, 2013 10:24pm Nov 26, 2013 10:24pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
{quote} This lesson you should learned it before you come to any thread, FOLLOW YOURSELF
That's funny because I thought I included those EXACT WORDS!!! But I guess I left them after looking back!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #29,069
- Nov 26, 2013 11:20pm Nov 26, 2013 11:20pm
- Joined Jul 2011 | Status: good | 4,295 Posts
Yes, I am 100% crazy. Thinking of a new low will be created tomorrow, around 1220. Sliver is down, dollar is up, S&P is up, and tomorrow may be less liquidity. Besides the ytd's option buying, didnt see a single strong buyer coming in today. Just think we need a new low for going up.
thanks for it
cryptocurrency everytime
- #29,070
- Nov 26, 2013 11:34pm Nov 26, 2013 11:34pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
I don't know where your sarcastic attitude towards members here is coming from. So I take it you never did read the first post.....
What I do know is the following.
1. You made a flurry of posts, hour after hour making trading calls for gold, there was no chart, fundamental or news driven reason backing any of your posts.
No, not every single post requires one, yet, when making a wide variety of calls, where some of the noob traders may take, at least an initial reasoning behind the call
should be provided, otherwise it is just your opinion.
2. When asked several times by different members, You claim that you "cannot" for whatever reason post a chart. Well - there are about 100 ways to post a chart, fundie or news, with a call, using third party information and simple analysis if you have some sort of "system" you are trying to protect.
3. Nothing in these markets is ever 100% or guaranteed. You should know that.
4. If you cannot provide any reasoning even if writing out levels and why the reaction you are calling "may" occur, why should anyone take the call as more than just a guess. I don't see why this is such an issue.
5. No one is forcing you to be here.
Good luck and enjoy yourself.
XT-
What I do know is the following.
1. You made a flurry of posts, hour after hour making trading calls for gold, there was no chart, fundamental or news driven reason backing any of your posts.
No, not every single post requires one, yet, when making a wide variety of calls, where some of the noob traders may take, at least an initial reasoning behind the call
should be provided, otherwise it is just your opinion.
2. When asked several times by different members, You claim that you "cannot" for whatever reason post a chart. Well - there are about 100 ways to post a chart, fundie or news, with a call, using third party information and simple analysis if you have some sort of "system" you are trying to protect.
3. Nothing in these markets is ever 100% or guaranteed. You should know that.
4. If you cannot provide any reasoning even if writing out levels and why the reaction you are calling "may" occur, why should anyone take the call as more than just a guess. I don't see why this is such an issue.
5. No one is forcing you to be here.
Good luck and enjoy yourself.
XT-
{quote} oh god .. u are great man so enjoy well in your thread ...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #29,071
- Nov 27, 2013 12:16am Nov 27, 2013 12:16am
{quote} hi LarryLU, I like the depth info you're relaying: options buyers, orderbook, etc. Where are you getting this info from - I would be interested to 1) be able to work it into my analysis and 2) mine that kind of data for patterns. thanks for it
Actually most of my information is public, searching from different website (some wellknown, e.g. Kitco). Some of my info is no free, one of them is Talk-Forex or RanSquawk, which you may find very helpful. I am do not have a lot of experience in trading Forex and Gold, just learning now. Since the leverage offered by Retail Broker is so big, I dont swing trade with gold since it is toooooo risky.... I use 1M, 5M, 1H and 1D TF, mainly four charts for gold, and several other charts to track other markets, especially some key stock index and main FX pairs.
I was working as a quantitative analyst and also sitting on a trading desk in a top buy-side firm in the world (huge money...). However, I was more experienced in OTC products and exotic derivatives (mainly Rates and FX, trading Rho, Vega, Convexity bla bla bla...), and I think understanding the underlying markets is also important so this is why I trade small money with Retail Broker and try to learn something.
My personal experience is, FX is quite like Equity, Fundamental and announcement/economic data is so important, complex technical analysis is rarely used when you see the reports from big banks or some trading decision of big FX buyers/sellers (I think most retail traders, especially here, overlook technical analysis too much). If you familiar and read some reports from some bank analysts, you will find none of them use RSI/MACD bla bla bla... only key levels and Fibonacci levels is frequently used just a way to predict some good entry/stop points. Commodity is more technical, simply because less noise and its history, and most of indicators was original developed for commodity futures. If you back-test some simple trading strategy, you will find some of them is working fine on commodities while they never work on Forex.
Just keep mind-open, do more analysis. Try to understand every movement in the market and compare what you thought with other professional analysts.
Good luck with you!
- #29,072
- Nov 27, 2013 12:27am Nov 27, 2013 12:27am
- Joined Jul 2011 | Status: good | 4,295 Posts
{quote} Hi Venzen, Actually most of my information is public, searching from different website (some wellknown, e.g. Kitco). Some of my info is no free, one of them is Talk-Forex or RanSquawk, which you may find very helpful. I am do not have a lot of experience in trading Forex and Gold, just learning now. .... Commodity is more technical, simply because less noise and its history, and most of indicators was original developed for commodity futures. If you back-test some simple trading strategy, you will find some of them is working fine on commodities...
Thanks for your detailed reply! Interesting experience you have and it will definitely help you in trading FX. As you say FX is another thing and I find I don't enjoy it so much because I prefer technical analysis but FX often defies TA and indicators. At the same time I wish I had more fundamental and industry knowledge, but nothing stops a person from learning!
As for Gold and Silver, they're giving mixed signals right now and I am sitting out for a while until things become clearer.
I will check the resources you mention - thanks for those.
Good Luck to you too and see you around
cryptocurrency everytime
- #29,073
- Edited 12:42am Nov 27, 2013 12:28am | Edited 12:42am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
- #29,075
- Nov 27, 2013 12:38am Nov 27, 2013 12:38am
{quote} LarryLU, Thanks for your detailed reply! Interesting experience you have and it will definitely help you in trading FX. As you say FX is another thing and I find I don't enjoy it so much because I prefer technical analysis but FX often defies TA and indicators. At the same time I wish I had more fundamental and industry knowledge, but nothing stops a person from learning!
my long order was triggered last night, so I will hold and see how far it can go.
PS: ECB is studying funding for lending LTRO, which could offer more easy lending environment for central banks. Just the main headline this morning. SO keep a eye on if you are trading FX.
- #29,076
- Nov 27, 2013 12:44am Nov 27, 2013 12:44am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #29,078
- Nov 27, 2013 1:09am Nov 27, 2013 1:09am
- | Commercial User | Joined Sep 2013 | 2,500 Posts
Thanks for more of your brilliant words - What happened? No more guesses and smiley faces to post? Since it is soooo boring for the "genius" that you think you are, why don't you go and start your own thread and post there where you can carry on congratulating and having conversations with yourself, there you can spam all day long. Seem to be spending an awful lot of your valuable time here. Don't let the door hit you on the way out mate! {quote}
Money Makes Money
