OK Eren - got it - thanks
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #3,022
- Feb 21, 2011 5:19pm Feb 21, 2011 5:19pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #3,023
- Feb 21, 2011 9:11pm Feb 21, 2011 9:11pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #3,024
- Edited 11:34pm Feb 21, 2011 9:48pm | Edited 11:34pm
- | Joined Aug 2007 | Status: Trader | 2,219 Posts
- #3,025
- Edited 11:58pm Feb 21, 2011 11:45pm | Edited 11:58pm
- | Joined Aug 2007 | Status: Trader | 2,219 Posts
- #3,027
- Edited 3:29am Feb 22, 2011 3:14am | Edited 3:29am
- | Commercial User | Joined Oct 2010 | 1,778 Posts
Kamen here's some advice and please take it the right way 
If you are asking other people what to do you shouldn't be trading imo. Nobody knows your risk profile, your tolerances or your targets so nobody can advise you what to do. If they try to, you should ignore them.
When you say "it's bearish" it depends what timeframe. IMHO - yes it is on a 20min chart but it isn't on a Daily chart....
Personally I have been short for a few hours on the 10min chart but am looking for a long entry on the Daily..
Hope that helps - I don't suppose it will though
beeb
If you are asking other people what to do you shouldn't be trading imo. Nobody knows your risk profile, your tolerances or your targets so nobody can advise you what to do. If they try to, you should ignore them.
When you say "it's bearish" it depends what timeframe. IMHO - yes it is on a 20min chart but it isn't on a Daily chart....
Personally I have been short for a few hours on the 10min chart but am looking for a long entry on the Daily..
Hope that helps - I don't suppose it will though
beeb
- #3,029
- Feb 22, 2011 3:46am Feb 22, 2011 3:46am
@beeb,
actually I think that his question brings a quite nice discussion topic - specially because IMHO most of the posts in this thread focus on the technical analysis and it should be nice to see some fundamental discussion, at least for the fun of it.
Regarding gold vs. political crisis, the relation is not so simplistic. Gold is already on an uptrend since years. After the correction in January, the trend resumed. The TV channels are trying to sell the stupid explaination that the gold prices are going up due to the Middle East crisis alone. No, no, no! I can't believe it! That's simply not true!
So what happens now? Huge rally in oil, so some people may be moving their $$$ from gold to the oil market. Some other people are scared and prefer to have some more cash instead of keeping gold positions.
Another reason: after such a rally (silver rose 30% in less than one month, that's insane!), some people will take profits, some stop hunting will start... It's more than natural that the price moves down for a while, it's natural to have such volatility.
Actually, gold didn't fall that much yet. If US doesn't bring it down today, we may resume the trend and we will sail for 1450. I loaded even more longs below 1400. I won't load more due to my risk management.
That's my fundies' version of the facts. I am more than eager to hear the criticisms (I know that nobody will agree with me
)
actually I think that his question brings a quite nice discussion topic - specially because IMHO most of the posts in this thread focus on the technical analysis and it should be nice to see some fundamental discussion, at least for the fun of it.
Regarding gold vs. political crisis, the relation is not so simplistic. Gold is already on an uptrend since years. After the correction in January, the trend resumed. The TV channels are trying to sell the stupid explaination that the gold prices are going up due to the Middle East crisis alone. No, no, no! I can't believe it! That's simply not true!
So what happens now? Huge rally in oil, so some people may be moving their $$$ from gold to the oil market. Some other people are scared and prefer to have some more cash instead of keeping gold positions.
Another reason: after such a rally (silver rose 30% in less than one month, that's insane!), some people will take profits, some stop hunting will start... It's more than natural that the price moves down for a while, it's natural to have such volatility.
Actually, gold didn't fall that much yet. If US doesn't bring it down today, we may resume the trend and we will sail for 1450. I loaded even more longs below 1400. I won't load more due to my risk management.
That's my fundies' version of the facts. I am more than eager to hear the criticisms (I know that nobody will agree with me
)
"The reason I was born and came into the world is to testify to the truth."
- #3,033
- Feb 22, 2011 5:34am Feb 22, 2011 5:34am
- | Commercial User | Joined Oct 2010 | 1,778 Posts
Hi Dolph
Welcome and congratulations on your success
One word of warning - always practice good portfolio management because as soon as you think you've got a handle on a market it will do the unexpected and kick you right where it hurts lol . Remember that a market can be "wrong" longer than you can stay liquid......
To post charts - when replying scroll down to the "manage attachments" under "thread options"
All the best
beeb
Welcome and congratulations on your success
One word of warning - always practice good portfolio management because as soon as you think you've got a handle on a market it will do the unexpected and kick you right where it hurts lol . Remember that a market can be "wrong" longer than you can stay liquid......
To post charts - when replying scroll down to the "manage attachments" under "thread options"
All the best
beeb
- #3,037
- Feb 22, 2011 6:41am Feb 22, 2011 6:41am
- | Joined Aug 2007 | Status: Trader | 2,219 Posts
hidden divergence in gold is standing outit may reverse direction to upward
Kamen here's some advice and please take it the right way
If you are asking other people what to do you shouldn't be trading imo. Nobody knows your risk profile, your tolerances or your targets so nobody can advise you what to do. If they try to, you should ignore them.
When you say "it's bearish" it depends what timeframe. IMHO - yes it is on a 20min chart but it isn't on a Daily chart....
Personally I have been short for a few hours on the 10min chart but am looking for a long entry on the Daily..
Hope that helps - I don't suppose it...
how to know the market turn to bearish?or at least bearish momentum more powerful than bullish?when i saw daily chart it show overbought.cci also start to heading south.personally i feel silver 34 is too high..
i hope it can fall again until 26 before i can start bundle again.but at the same time i worry if bullish go further until 50..really headache.
i prefer to be as a long term trader..but the problem is, if i buy more at 34 or 33 then suddenly trend change to bearish so it make me hurt..can u help me?
