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

  • #11,401
  • Sep 30, 2011 9:12am Sep 30, 2011 9:12am
Quoting Doncex
here we are huge wolume

gold waiting huge movement tp 1593.xx level
if say movement to 1650
  • #11,402
  • Sep 30, 2011 9:31am Sep 30, 2011 9:31am
Quoting GoldenDude
if say movement to 1650
Let the market decide

for now there is two direction,up and down

Im hope to go down
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  • #11,403
  • Sep 30, 2011 9:37am Sep 30, 2011 9:37am
SOLD again till 1600
ROBOT FOREX
  • #11,404
  • Sep 30, 2011 9:52am Sep 30, 2011 9:52am
Quoting Doncex
Let the market decide

for now there is two direction,up and down

Im hope to go down
Hi Doncex, nice to see you here:

the chart tells me, the donwside is temporary limited, unless it break down through 1620-1624 range. the PA testing the upside 1633, and 1642, 1650 next. the bull may be back if stand firm above those levels

it's friday. have good weekend mate.
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seeing through
  • #11,405
  • Sep 30, 2011 9:57am Sep 30, 2011 9:57am
glad i left gold for the day. it has hardly moved. ranging indeed....
  • #11,406
  • Sep 30, 2011 10:45am Sep 30, 2011 10:45am
closed sell with loss, opened buy
ROBOT FOREX
  • #11,407
  • Sep 30, 2011 11:27am Sep 30, 2011 11:27am
Quoting Forbes55
closed sell with loss, opened buy
too late to short,too late to long fellas
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  • #11,408
  • Sep 30, 2011 12:37pm Sep 30, 2011 12:37pm
Agree . its time to relax lol
  • #11,409
  • Sep 30, 2011 12:46pm Sep 30, 2011 12:46pm
Gold is about to breakout. One false break earlier to 1606 levels then quickly reversed up. A second break then we will see the 1590-1600 levels..
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  • #11,410
  • Sep 30, 2011 1:01pm Sep 30, 2011 1:01pm
http://www.resourceinvestor.com/News...ink-Bids-.aspx
  • #11,411
  • Sep 30, 2011 1:15pm Sep 30, 2011 1:15pm
Quoting edmsamo
Gold is about to breakout. One false break earlier to 1606 levels then quickly reversed up. A second break then we will see the 1590-1600 levels..
with bullard saying that further QE is being considered, and that low rates might be counter productive, i see gold bullish again
  • #11,412
  • Sep 30, 2011 8:40pm Sep 30, 2011 8:40pm
Gold – Bias (W1): Pull Back; Bias (W1): Bearish; Bias (Overall): Bearish + Slightly Uncertain


http://lcchong.files.wordpress.com/2...ng?w=837&h=378

http://lcchong.files.wordpress.com/2...ng?w=837&h=379
  • #11,413
  • Sep 30, 2011 8:49pm Sep 30, 2011 8:49pm
Quoting clc4x
... Slightly Uncertain
Need bigger pills.
Posting Uncertain is Bold.
Trading Uncertain is folly.

BMc
  • #11,414
  • Sep 30, 2011 9:54pm Sep 30, 2011 9:54pm
Quoting dogbreath
I would say it takes 3-5 years
I agree, 3-5 years min.
I reccomended 7-10 months on demo so he can simulate trades within the cyles of the year and experience trading within the different time frame trends.
He originally mentioned buying with possibly selling at the end of year.
My thought is to hold on till 2012 highs are achieved then take partials and then sell as we did when gold hit the 1912-36 area and silvr at 50 area.
As the rest of the post says 10,000 hrs of screen time from apprentice to journeyman that is where the years come in.
  • #11,415
  • Edited 11:00pm Sep 30, 2011 10:44pm | Edited 11:00pm
Quoting khan101
Hey friend i have seen your posts for quite a time now . I dont really understand your points . can you plz help
the post is looking at both silver and gold in sync at their daily trend guide or pivots 31.06 and 1633 .
The question you might be refering to is the reference between 1631 and 1633 where I was looking for the days direction on the 5 min as she was deciding direction.
Also For the days game plan I mentioned that I would be looking at 1624 response as I was watching pa.
Pretty much a non eventful day as evident by her 1623 close.
You mention reading post for some time and needed some clarity.
You can ask a specific question however Ill try to sum it up in a nutshell.
Cycles whithin cycles.
Trends start at a point, extend out and rotate back with the strongest trend being the higher, yearly then quarterly the monthly and the rest follow.
I use the floor traders pivot and consider the last 3 timeframes not just single. The only exception is on the daily I use the last 5 days.
After a while the candle formations around these levels are like clouds, you know what it looks like when rains going to fall or at least you have a good chance of anticipating it.
As the girls have rotatated back to get ready for next year lets see what this quarterly cycle is going to do.
  • #11,416
  • Oct 1, 2011 3:18am Oct 1, 2011 3:18am
Quoting Raghu_C
gold will reach at $2000
u do make sense as the Weekly chart is showing a huge long lower wick PB

http://www.forexfactory.com/showthre...86#post5003686

cheers
  • #11,417
  • Edited 12:22am Oct 2, 2011 12:00am | Edited 12:22am
Quoting lilpip
Not much action seems to be waiting on the new monthly timeframe.
Did not quite make it to daily trend guide as she was short about 6 pips and stayed to the south.
fri. daily
1744
1633
1577
will be keeping an eye on 1671 response if she starts traiding on the north side of pivot 1633.
silver daily
33.93
31.06
29.49
with fridays trend to the south of the pivots lets see how the week starts.
as from my angle bias is down from the weekly and monthly pivot 1672-74 area however will be watching how 1617-10 responds starting the new month and quarter.
weekly
1836
1672
1508
oct.monthly
1895
1674
1452
silvr
bias is down from monthly pivot 33.28 area and of course eyes will be open to weekly pivot and how she responds to 32.38.
looking at 29.73, mondays pivot for direction to start the day.
weekly
40.08
32.38
24.68
yearly pivot, quarterly, monthly lows 23.29-39 line up for support this quarter in the same area, however we take it a day at a time.
  • #11,418
  • Oct 2, 2011 12:36pm Oct 2, 2011 12:36pm
Quoting pipphunter
Hi Doncex, nice to see you here:

the chart tells me, the donwside is temporary limited, unless it break down through 1620-1624 range. the PA testing the upside 1633, and 1642, 1650 next. the bull may be back if stand firm above those levels

it's friday. have good weekend mate.

Hi

Nice to meet you too in gold analyzing trading bro
  • #11,419
  • Oct 2, 2011 3:15pm Oct 2, 2011 3:15pm
Quite the start.

Gap down, spike up - now what?

I didn't take a position. I'm wising up to the new normal for gold (behaving like silver) and biding my time.

Thoughts? Anyone think this will be a real move up or just more uncertainty and ranging.

Thinking they will eventually "foresee" the next round of stimulus that weakens the USD.

Anyone here jumping on board with the Euro sell off? Starting to sound too good to be true. I worry the sharks will be out to gobble up weak positions and/or hunt stops.
  • #11,420
  • Oct 2, 2011 3:44pm Oct 2, 2011 3:44pm
Quoting Wheels
Quite the start.

Anyone here jumping on board with the Euro sell off? Starting to sound too good to be true. I worry the sharks will be out to gobble up weak positions and/or hunt stops.
My view is that it is a good moment to try enter long with a tight stop.
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