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

  • #32,521
  • Feb 12, 2014 10:24am Feb 12, 2014 10:24am
I am still pretty tied up and hope to post some charts later in the week.

Certainly looking for a boost to come and crack 1300 with a possible speedbump around 1305/10 area before progression to the next quarter. ie: 1325.

Ultimately I want to see the trend remain with peaks and valleys riding to a longer term/ multi week/ "position trade" target of 1550.

post edited - webinar was yesterday.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,522
  • Feb 12, 2014 10:27am Feb 12, 2014 10:27am
Sorry guys I just saw the email for the webinar was from the tenth and today is the 12th so please disregard - I will post the next one
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,523
  • Feb 12, 2014 10:32am Feb 12, 2014 10:32am
Looking at this simple naked chart we can see the past trending in the last 30 days and now a break from the structure.

beware of entering before a correction. Buying the dips has paid - although the pace has not been very fast it is indeed picking up steam.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,524
  • Feb 12, 2014 12:33pm Feb 12, 2014 12:33pm
Upper TL on H4, took my profits, waiting for a major pullback, 1251 is very possible

Invalidated by a break of 1297
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  • #32,525
  • Feb 12, 2014 5:43pm Feb 12, 2014 5:43pm
Quoting Rtm
GOLD Daily had close above the resistance level 1277 area confirming a bullish price action, next area of resistance looks to be 1307. Will buy any intraday dips until then. {image}
how about today?
daily close below the resistance right?
  • #32,526
  • Feb 12, 2014 6:10pm Feb 12, 2014 6:10pm
Quoting Ulterior
Upper TL on H4, took my profits, waiting for a major pullback, 1251 is very possible Invalidated by a break of 1297 {image}

That DTL you have there is SQUAT!

I'm using daily's and weekly's and the price is moving, re - arranging a dtl on an H4 chart doesn't mean #@$%^ IMO if you are trading with positions
based off higher time frames and WILLING AND ABLE to stay in the trade simply by placing it an holding it.

Not every FX trader is a SCALPER, nor is every GOLD TRADER a Tick trader. People that actually manage money like to DECREASE RISK,
IE: Leverage and the trade size and the instrument of trade and INCREASE probability of BEING RIGHT.

Even places like UBS or GOldman or ETC that employ a desk of FX traders, are given VARIED responsibility based on their techniques / skills / history,
to do the task.

Keep in mind they are trying to make a reliable source of money for another person.............
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,527
  • Feb 12, 2014 7:44pm Feb 12, 2014 7:44pm
It cannot ALWAYS be SO Convenient to the way YOU or ONE thinks the chart will move. You don't just Pick a spot on the chart from where to draw a HIGH from,
then conveniently draw through all the wicks, lines, bar highs, to a nice low and say, oh, it's still going down, on an H4. Shit that's not even a day chart............

Not geared towards you but, WAKE UP PEOPLE - trade the trend, if it is trending down, you sell highs, if it is trending up you BUY LOWS!
The oVerALL trend of GOLD REMAINS NORTH> so on any major correction, positions are created, once a trend emerges people start trading, once it bounces,
some are rich and some are out cause all they do is watch ticks and minute charts.


The info is often already there, it just needs to be deciphered correctly....

You cannot ignore how the REAL trend lines work, and this small display of re - charting is not even where to start.

Try looking at all the broken DTLs on the daily and all the Strong UTLs that have not even been tested on the weekly.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,528
  • Feb 12, 2014 7:53pm Feb 12, 2014 7:53pm
Wanna be solely "technical" GOLD traders.

OK
Any IDIOT could have seen a double bottom and a LONG OPP at 1180.

Not trying to sell to 700 some other useless people tried posting on here for WEEKS! WHERE IS IT NOW?

Almost 1300 and riding on a plus 100 USD move trade. You tell me? What's easier?

Taking a great trade and holding - or being a newbie and trying to day trade a metal you really know nothing about?

whatever.
Rant over.

I wish you all luck.
Hopefully you learned something tonight.
XT-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,529
  • Feb 12, 2014 7:58pm Feb 12, 2014 7:58pm
LASTLY -

This THREAD has a LOT more to offer than just it's recent posts.

It's been here for 4 YEARS now. If any noob really want's to learn

START with POST ONE<

Use the links I set up, then scan the pages through the years every 50 to 100 posts,

sure it might take a week or two, yet, NO ONE LEARNS HOW TO TRADE overnight..................................................................

Goodnight and goodluck,
cya,
tmorrow.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,530
  • Feb 12, 2014 8:06pm Feb 12, 2014 8:06pm
Quoting XTrade
WAKE UP PEOPLE - trade the trend, if it is trending down, you sell highs, if it is trending up you BUY LOWS!
Stupid people will mistake your confidence for arrogance
  • #32,531
  • Feb 12, 2014 9:14pm Feb 12, 2014 9:14pm
Quoting XTrade
Wanna be solely "technical" GOLD traders. OK Any IDIOT could have seen a double bottom and a LONG OPP at 1180. Not trying to sell to 700 some other useless people tried posting on here for WEEKS! WHERE IS IT NOW? Almost 1300 and riding on a plus 100 USD move trade. You tell me? What's easier? Taking a great trade and holding - or being a newbie and trying to day trade a metal you really know nothing about? whatever. Rant over. I wish you all luck. Hopefully you learned something tonight. XT-
Hi X,

sorry if my gear reverse confuses you, will not post intermediary intraday charts, nice to see you again
  • #32,532
  • Feb 13, 2014 2:31am Feb 13, 2014 2:31am
Shorting from 1290
tp 1275
sl 1295
The good thing with the future is that it is progressively approaching...
  • #32,533
  • Feb 13, 2014 2:50am Feb 13, 2014 2:50am
Quoting spinozagr
Shorting from 1290 tp 1275 sl 1295
I am also in this already
Short from 1290
TP#1 on 1277
Tp#2 on 1262
Stop loss at 1303
I am not random, U just can't think as fast as me....
  • #32,534
  • Feb 13, 2014 4:28am Feb 13, 2014 4:28am
long at 1286
TP 1 ON 1307
TP 2 ON 1317

let's see
  • #32,535
  • Feb 13, 2014 4:33am Feb 13, 2014 4:33am
Quoting michen
long at 1286 TP 1 ON 1307 TP 2 ON 1317 let's see
lol late my bro :v
  • #32,536
  • Feb 13, 2014 5:04am Feb 13, 2014 5:04am
long long
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  • #32,537
  • Feb 13, 2014 8:17am Feb 13, 2014 8:17am
All bad news for USD...why Gold doesn't rallies up?
Thanks to everyone could explain it to me.
If you do not know who you are, the Forex is the worst place to find you
  • #32,538
  • Feb 13, 2014 8:20am Feb 13, 2014 8:20am
Quoting skassacomput
All bad news for USD...why Gold doesn't rallies up? Thanks to everyone could explain it to me.
Either the market look for correction or you are in a hurry (if it goes up in the next hours)
The good thing with the future is that it is progressively approaching...
  • #32,539
  • Feb 13, 2014 8:45am Feb 13, 2014 8:45am
Apr future price has taken over spot, shows ppl are expecting higher price to come
  • #32,540
  • Feb 13, 2014 8:47am Feb 13, 2014 8:47am
Silver been so stubbornly stuck in the range for so long, when can it break above 20.5!
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