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

  • #30,041
  • Dec 10, 2013 7:27am Dec 10, 2013 7:27am
Those of you watching my geometric analysis patterns: watch this...
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 106 KB


Compare to my earlier image. Nothing added yet.
You win, you lose. All else is history. The future does not exist.
  • #30,042
  • Dec 10, 2013 7:28am Dec 10, 2013 7:28am
Quoting MyOpinion
Gold is major bull right now..... will pop up to and consolidate around the 1300 area within next couple days no doubt. IMO
Think the same, 1260-1300 will be the next range.
  • #30,043
  • Dec 10, 2013 7:28am Dec 10, 2013 7:28am
Quoting amasat
{quote} {image} {image} {image}
Thanks for your chart amasat. I was studying it on the weekend to make up my mind to go long on Mon.
Just wondering what indicator this is and any theory behind it?
  • #30,044
  • Dec 10, 2013 7:33am Dec 10, 2013 7:33am
Quoting granty
{quote} its looking for a support level. when it finds it i think it will be off again.

icic..hoping can tp...... just now sl... but with profit little...
enter another short .... feel like looks -ve....
  • #30,045
  • Dec 10, 2013 7:37am Dec 10, 2013 7:37am
Quoting whichBanker
{quote} If you did, even with a tight stop at say 1253, you'll be stopped out at around 1263, the slippage may wipe out some ppl's margin, which is why the big boys are doing this. Everyone who placed stop above recent high of 1258, 1255 and 1251 are mostly licking their wounds now. Don't get emotional and increase your shorts, better step aside and let the dust settle. Bears beware, i think it has turned medium term bulllish now.
true, this kind of move has no respect for SL or pending order
  • #30,046
  • Dec 10, 2013 7:42am Dec 10, 2013 7:42am
Quoting mamalujo
{quote} true, this kind of move has no respect for SL or pending order
A very nice breakout
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh1.png Size: 39 KB
  • #30,047
  • Dec 10, 2013 7:46am Dec 10, 2013 7:46am
Quoting The Rhodie
{quote} Those eggs are hatched bets and bids. For every long, there's a short. Some are bigger than others. The shape of the market is determined by those trades and the volume of trade and the direction of the trades in the market. There are super-eggs and they show the overall trends. THe eggs are not predictions, just log trends. If you can see the patterns, you can get an idea on direction...
Get your point.
The true fact is market doesn't care, risk mgt is important.
  • #30,048
  • Dec 10, 2013 7:58am Dec 10, 2013 7:58am
Quoting Ssm
{quote} Get your point.

To illustrate the idea in more detail, there are trades according to scale. Big corporates will not trade with more than a certain amount of their portfolio (about 5% max) which is why there are so many the same size. any profit they make goes into their balance accounts. They make 10%+ a year, averaging 1% a month increase. Imagine the eggs only being a scale of 100th of the full account... then you see the market size. You also notice that the announcements like NFP don't really make much difference in the short term. The direction is according to markets, not trades.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 131 KB

Makes me wonder if the mines are involved in the price fixing...
You win, you lose. All else is history. The future does not exist.
  • #30,049
  • Dec 10, 2013 8:02am Dec 10, 2013 8:02am
Quoting whichBanker
{quote} Thanks for your chart amasat. I was studying it on the weekend to make up my mind to go long on Mon. Just wondering what indicator this is and any theory behind it?
Gann Square of Nine

http://pivottrading.50webs.com/pivot/pivot/gann.html

&


Daily Astrology

http://serennu.com/astrology/todayaspects.php

about the indicators ill ask Xtrade first

  • #30,050
  • Dec 10, 2013 8:07am Dec 10, 2013 8:07am
Quoting amasat
{quote} Gann Square of Nine http://pivottrading.50webs.com/pivot/pivot/gann.html & Daily Astrology http://serennu.com/astrology/todayaspects.php about the indicators ill ask Xtrade first
Thanks a lot buddy!
  • #30,051
  • Dec 10, 2013 8:09am Dec 10, 2013 8:09am
Quoting The Rhodie
{quote} To illustrate the idea in more detail, there are trades according to scale. Big corporates will not trade with more than a certain amount of their portfolio (about 5% max) which is why there are so many the same size. any profit they make goes into their balance accounts. They make 10%+ a year, averaging 1% a month increase. Imagine the eggs only being a scale of 100th of the full account... then you see the market size. You also notice that the announcements like NFP don't really make much difference in the short term. The direction is...
May I ask why are you so biased against gold and gold miners?
  • #30,052
  • Dec 10, 2013 8:11am Dec 10, 2013 8:11am
will it break resistence at 1265 now?
this is getting interesting.
attempt is starting....
  • #30,053
  • Dec 10, 2013 8:22am Dec 10, 2013 8:22am
should have the big buyer control man @@
  • #30,054
  • Dec 10, 2013 8:23am Dec 10, 2013 8:23am
Quoting hwolff
will it break resistence at 1265 now? This is getting interesting. Attempt is starting....
1245.98 / 90

1257.92

1267.09

1281.53 / 180
  • #30,055
  • Dec 10, 2013 8:23am Dec 10, 2013 8:23am
No bias against gold miners, just the manipulation of the market. 5 banks control the planet's gold price.

Is this the new direction?

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 130 KB
You win, you lose. All else is history. The future does not exist.
  • #30,056
  • Dec 10, 2013 8:26am Dec 10, 2013 8:26am
Quoting sel
my wave count and projection about xauuusd . {image}


the upward move in minor is not impulsive . so this is a corrective rally . wave b . i don't think xauusd can break wave x level ..
Attached Image
  • #30,057
  • Dec 10, 2013 8:27am Dec 10, 2013 8:27am
Quoting HWolff
will it break resistence at 1265 now? this is getting interesting. attempt is starting....
yes, it is likely to do so. Where is the top of the day???
  • #30,058
  • Dec 10, 2013 8:30am Dec 10, 2013 8:30am
https://twitter.com/Kab_broker/statu.../photo/1/large
  • #30,059
  • Dec 10, 2013 8:37am Dec 10, 2013 8:37am
Quoting namaus
{quote} yes, it is likely to do so. Where is the top of the day???
difficult to say.
price has not really broken the resistence level yet.
let's see if it can in which case next area should be around 1280 levels follwed by 1300.
i cannot see prices reaching such levels today though, but the week has some days to go...
  • #30,060
  • Dec 10, 2013 8:40am Dec 10, 2013 8:40am
Quoting The Rhodie
Daily analysis of gold: Long term for gold is looking positive. I believe it has bottomed and is now going bull for a few weeks possibly. The patterns there tell me we have a good chance to see it go north for a while, but how long? I don't know.
That was 6th December @ 7AM GMT.
You win, you lose. All else is history. The future does not exist.
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