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

  • #2,681
  • Jan 25, 2011 8:34am Jan 25, 2011 8:34am
Quoting XTrade
Dont ask me from where but one of my study charts I have a Trendline intersecting with

what should be fairly strong Horizontal support at 1323/5 area.. this support goes back to

4 H1 Bars formed on top of the 1325 line. Plus we are at the bottom of the downtrend channel.

I am getting long.
What is your sl???

Dont you think we will touch 22-23region again today???
  • #2,682
  • Jan 25, 2011 8:37am Jan 25, 2011 8:37am
i m looking 1320
Trade what you see, Not what you think.
  • #2,683
  • Jan 25, 2011 8:38am Jan 25, 2011 8:38am
Quoting fawaol
What is your sl???

Dont you think we will touch 22-23region again today???
yes sure
eben 1310 possible
Trade what you see, Not what you think.
  • #2,684
  • Jan 25, 2011 8:50am Jan 25, 2011 8:50am
Price doesn't seem to want to do much...

Scalp mode on -

I'm shooting for 3 and 5 USD moves until something breaks.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,685
  • Jan 25, 2011 8:51am Jan 25, 2011 8:51am
None.

I am out already

Bought around 1324
sold around 1329

edit: if 1323 support goes we are going down. THen I may short with the intention of hitting 1300 first and 1250 next
for that I would add a stop.

Quoting fawaol
What is your sl???

Dont you think we will touch 22-23region again today???
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,686
  • Jan 25, 2011 8:55am Jan 25, 2011 8:55am
Otherwise I will keep looking for buying opportunities, until the downward channel breaks.

I don't mind counter trend trading gold in a channel when the USD is not strong.

It could pop up at anytime.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #2,687
  • Jan 25, 2011 9:06am Jan 25, 2011 9:06am
http://agaupm.com/365-million-bet-th...011/#more-1754
  • #2,688
  • Jan 25, 2011 10:06am Jan 25, 2011 10:06am
Quoting kamen
guys..

gold is always bull trend..when it fall later it will rise back..
so because of this trend, when it touch support i will enter buy and buy..but this time gold keep falling..

so can we make sure after gold touch support line 1300,gold will pull back?
how to know bottom price of gold..which is we can predict after that price there is no bearish anymore..?
no one can be sure when or where gold will turn. it probably wont turn on a hair pin either, it may take weeks moving sideways before it moves north again. i would wait for momentum to turn and then enter if you want to take a position.
  • #2,689
  • Jan 25, 2011 10:10am Jan 25, 2011 10:10am
Quoting XTrade
None.

I am out already

Bought around 1324
sold around 1329

edit: if 1323 support goes we are going down. THen I may short with the intention of hitting 1300 first and 1250 next
for that I would add a stop.
Hi Xtrade - did a similar trade to you. now free and clear. Scene doesnt look good for longs. Is hugging the BB down.

Possible places for halt in fall could be 50% fib at 1295.8, 200EMA on daily at 1299. Psychological round number of 1300.

The stos look like embedding, making the down trend more powerful.

Now looking for a rebound to reload shorts.
I have no enemy; I make Incautiousness my Enemy.
  • #2,690
  • Edited 11:17am Jan 25, 2011 10:20am | Edited 11:17am
Quoting lilpip
gold tue.
1368
1348
1325

silvr
28.60
27.80
26.43-53
u/j 82.37-52
e/u 3607-21
a/u 9884-98 may give us a clue

see if we get above monday lows @ 1332
  • #2,691
  • Jan 25, 2011 10:20am Jan 25, 2011 10:20am
Quoting highlander2
no one can be sure when or where gold will turn. it probably wont turn on a hair pin either, it may take weeks moving sideways before it moves north again. i would wait for momentum to turn and then enter if you want to take a position.
yup..on the sideways trend normally we wait until new momentum..how to know the new trend is real bull momentum or fake..because sometimes after rise little bit and break resistance then the price fall back and keep falling..it make me in dilemma..
  • #2,692
  • Jan 25, 2011 11:27am Jan 25, 2011 11:27am
at monday low area , lets see what she does.
26.84
1332

watching e/u 3659
a/u 9938
  • #2,693
  • Jan 25, 2011 12:01pm Jan 25, 2011 12:01pm
morningstar building? though 60 more mins candle close
Attached Image
  • #2,694
  • Jan 25, 2011 12:33pm Jan 25, 2011 12:33pm
My first trade and just done some very stupid mistake. Haven't set my SL, i short 1324.20, it goes up to 1330 and back down to 1325. I thought i could at least gain some 30-40 USD. Classic rookie mistake, right?

The price suddenly turns in a mere 4 minutes, it hit 1331.85, where i finally gather enough courage to cut my losses (and the unbelievably fast heartbeat when i see the losses i managed to rack up). I had to swallow $765 loss.

I dont think i'll be able to sleep. Any thoughts on where the price of gold might go?
  • #2,695
  • Jan 25, 2011 1:07pm Jan 25, 2011 1:07pm
4h morningstar.lets see if it is reversal or not...
Attached Image
  • #2,696
  • Jan 25, 2011 1:57pm Jan 25, 2011 1:57pm
I keep reading on this thread people desperately asking for advice.....

For goodness sake, if you don't know what you are doing and cannot make your mind up, do not risk your cash......Take your time as there will always be another trading opportunity - use the internet to read about trading and technical analysis - there is a huge amount of information and wisdom out there - and do not be too eager to jump in. Spend some time using a demo account ie use pretend money to learn what to do and how markets tend to move.

If you can't do this and be responsible for your own decisions than let a professional manage your money.

I don't say this to disparage any individuals but to try and protect you from yourself....Trading is very difficult and is different from investing. If you don't know what you are doing you WILL lose your money.....

Beeb
  • #2,697
  • Jan 25, 2011 2:51pm Jan 25, 2011 2:51pm
Quoting pratama
My first trade and just done some very stupid mistake. Haven't set my SL, i short 1324.20, it goes up to 1330 and back down to 1325. I thought i could at least gain some 30-40 USD. Classic rookie mistake, right?

The price suddenly turns in a mere 4 minutes, it hit 1331.85, where i finally gather enough courage to cut my losses (and the unbelievably fast heartbeat when i see the losses i managed to rack up). I had to swallow $765 loss.

I dont think i'll be able to sleep. Any thoughts on where the price of gold might go?
why short @ day lows ?
high risk.
mm is order of day.
be able to with stand days range against you.
  • #2,698
  • Jan 25, 2011 3:06pm Jan 25, 2011 3:06pm
Quoting lilpip
at monday low area , lets see what she does.
26.84
1332
e/u tuesday highs area noted
1.3702-21
3566
3412

watching a/u 9967 also
  • #2,699
  • Jan 25, 2011 5:04pm Jan 25, 2011 5:04pm
worth reading:


http://harveyorgan.blogspot.com/
  • #2,700
  • Edited 10:15am Jan 26, 2011 7:48am | Edited 10:15am
Quoting lilpip

see if we get above monday lows @ 1332
watching e/u 1.3652-69
a/u 9961-72 also 9943.
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