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

If the pennant breaks and holds true we should catch another 4 USD move straight up.

Lets see.

This is really low TF so they don't always work.

EURO is ON FIRE!!!!!!!!


EDIT DONT GO BY MY WAITING ORDERS THEY ARE SUBJECT TO CHANGE RAPIDLY

I am trying to work the pennant. It looks good Buy limit placed above minor resistance at 1360 to catch breakout IF it happens.

May even drop a sell stop in below the bottom to catch or hedge reverse break.

WOW AUSSIE IS ON FIRE AS WELL!!!!! I wouldnt bet on closing these gaps tonight.....

Uper Trendline break TF1

We are on the verge of a breakout here.

need to take out 1363 and it's TO the MOON!!

Just hit 100% retracement from fridays down move

Today, the day the market opened the week with a small gap 1357 usd/ounce after the 6th session in 1353 usd/ounce and reached its highest to date at around 1365 usd/ounce.

Currently, gold prices stood at 1355 usd/ounce and the market is almost no more news calendar published periodically. According to technical analysis, candlestick chart Doji day are created equilibrium prices temporarily until a new break and many pictures also tend to walk with Kijun indicator, horizontal Tenkan when combined with Ichimoku analysis. 4H shorter chart, the price is formed and the Shooting Star candlestick pattern is for the reduction in the discount. With market-oriented passing big impact from the force pending the news should 1H System I was surfing for the price of the safety zone in order to buy.

Thus, the combined balance of price trends and the Doji candlestick on the safety of your order may refer to the following investment strategy:

Buy: 1345-48.

Stop loss: 1338.

Take Profit: 1352-1357 - 67.

*****

Selling 1372-75.

Stop loss: 1382.

Take Profit:1368-1363.

I wouldnt counter trade this when it breaks the range. From what i have saw it can do up to 15$ moves a day. Death will be quick

Hi guys,

just passing by and wanted to say "hello" to the colleagues Nice to see people trading gold as well.

Basically I trade only gold, especially because it's the smallest tradeable lot at my broker.

No technicals, no fundamentals - only buying dips and selling rallies, always small amounts. I lost EUR 3,000 in 3 weeks trying to trade EUR/USD as everybody else does. Finally I found my own strategy and got over EUR 1,000 back after one month, trading safe and at my own pace. I am quite happy now

I won't have much to say, so you won't hear much from me. Anyway, keep up the good work and don't let the big guys catch you money

another no news monday whip saw shake out of weak longs?

will find out tomorww perhaps

mmm short covering at 1366 to boost higher (50%fib 1377.9?)

I think 50% fib is on the cards, but no clear brake of 38.2 yet has happened



But this doesn't matter, I think we are an the way to 1500 anyway

Oh yes from 1349 this morning to 1366, we're back on track

just resarchn various info

care to share

Just sold at 1360.04

Buy Limit 1356.44

TP 500pips
SL 500pips

See Chart attached

For those who didn't hear about it.... Crash JP Morgan

sold silver 27.57

lol why i said sold? i meant i bought it....

looks like around 28.2 is the up limit for silver for short time

http://www.bloomberg.com/news/2010-1...-s-europe.html

http://beta.images.theglobeandmail.c...025081cl-4.jpg

i am beginning to think there is some manipulation in the price range 1365.

On this news (posted above I am very surprised to see Gold not moving higher,

Lets see what happens when New York Opens.

THen when the stock market opens at 9:30

IF and only IF this current dip follows the choppy trade movement north we will have a nice 10 dollar trade. from say 1358 to appx 1368 = or -