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

  • #5,161
  • Apr 25, 2011 9:12am Apr 25, 2011 9:12am
Quoting six gun
When your platform and broker stop quoting this does not mean the market stops.
Trading still continues albeit at a much lower level.
When the "market" reopens the price has moved from where it was when your platform and broker was quoting.
So there is a gap.

If the opening price is higher for example than at the close, price will often move downwards to close this gap.
Not all gaps are closed but they usually are.
After closing, does said move assume the price would then return to wherever it closed from? (in silver's case $49+)

Thanks again.
  • #5,162
  • Apr 25, 2011 9:13am Apr 25, 2011 9:13am
Quoting XTrade
Next for the US>???
http://area224.com/wp-content/upload...09_Obverse.jpg
ha, yes I agree unless they start austerity measures and seriously tackle the deficit but short term there is a nice rally brewing if Bernake says the right things this week.

It will mean cad/aud get beaten down and there will be some nice pips in it.
  • #5,163
  • Apr 25, 2011 9:14am Apr 25, 2011 9:14am
Quoting Wile E
After closing, does said move assume the price would then return to wherever it closed from? (in silver's case $49+)

Thanks again.
No.
Don't assume anything.
  • #5,164
  • Apr 25, 2011 9:16am Apr 25, 2011 9:16am
some update :
http://www.forexfactory.com/showpost...stcount=427786


usdx job done nicely at last : http://www.forexfactory.com/showpost...stcount=427776

going see tv news if any success around.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #5,165
  • Apr 25, 2011 9:18am Apr 25, 2011 9:18am
Quoting ziko123
it will settle @40 after FED announce no QE3 and end of QE2 on wednesday
Or maybe lower? Hmm...

I see some large profit taking in sight... Even here where everyone is basically Up, UP, UP!!! now talking about a "possible" retracement...

Short at 1518 SL 1515, TL 1485...
  • #5,166
  • Apr 25, 2011 9:24am Apr 25, 2011 9:24am
Quoting Wile E
After closing, does said move assume the price would then return to wherever it closed from? (in silver's case $49+)

Thanks again.
Like I said don't assume anything.....
  • #5,167
  • Apr 25, 2011 9:24am Apr 25, 2011 9:24am
Quoting lilpip
cant imagine shorting when she told you thur.and friday to go long as she stayed above her weekly highs (1501)

eyes open as daily breakout 47.56 area is tested.
and whats this 1513-15 going to do?
well, it just fell to 1505 ops, 1503

I was reading about Volume Spread Analysis yesterday. Interesting. It says that uptrends on low volume show weakness. That's exactly what happened. All-time highs after 3 days without trades? During a bank holiday? It can't be serious.
"The reason I was born and came into the world is to testify to the truth."
  • #5,168
  • Apr 25, 2011 9:26am Apr 25, 2011 9:26am
What a day it has been for Silver.. Around 3% up for most part of the day and now 3.5% down...
Great...!!
  • #5,169
  • Apr 25, 2011 9:27am Apr 25, 2011 9:27am
Yes, yes, a very dramatic move so far, after all we're already where thee price was... last thursday before the easter weekend started. Meh. That does not mean I'm not having fun shorting it, but it means that what happened so far on a low volume day with london closed does not really say much about the overall direction.
  • #5,170
  • Apr 25, 2011 9:32am Apr 25, 2011 9:32am
Quoting harvest3r
well, it just fell to 1505 ops, 1503

I was reading about Volume Spread Analysis yesterday. Interesting. It says that uptrends on low volume show weakness. That's exactly what happened. All-time highs after 3 days without trades? During a bank holiday? It can't be serious.

yeah, I think the Asians knew what they were doing whilst we were all being lazy.
  • #5,171
  • Apr 25, 2011 9:35am Apr 25, 2011 9:35am
Quoting six gun
Like I said don't assume anything.....
Touché
  • #5,172
  • Apr 25, 2011 9:39am Apr 25, 2011 9:39am
major crash coming in commodities.......book you long profits and stay out....

remember you never go broke taking a profit and leaving the market
  • #5,173
  • Apr 25, 2011 9:42am Apr 25, 2011 9:42am
Quoting shripsfx
major crash coming in commodities.......book you long profits and stay out....

remember you never go broke taking a profit and leaving the market

Oh Good - now before you enter my ignore list is there any reason behind this pile of steaming ejaculate, or is it merely that?



beeb
  • #5,174
  • Apr 25, 2011 9:44am Apr 25, 2011 9:44am
BIG dip in silver - might enter here again.... 46.30
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #5,175
  • Apr 25, 2011 9:49am Apr 25, 2011 9:49am
one system i trade is mean reversion. This system has a sell on just about every major commoditie going around.

We are getting close....
  • #5,176
  • Apr 25, 2011 9:50am Apr 25, 2011 9:50am
Quoting beeb
Oh Good - now before you enter my ignore list is there any reason behind this pile of steaming ejaculate, or is it merely that?



beeb
Am I on your ignore list yet beeb?
  • #5,177
  • Edited 10:05am Apr 25, 2011 9:53am | Edited 10:05am
Quoting shripsfx
one system i trade is mean reversion. This system has a sell on just about every major commoditie going around.

We are getting close....
If you are on about the 200MA on silver then we have a long way to go, personally I think you are right but we need a few more days like this to scare the buyers. They will be back in tomorrow and we are going to see 2-3 dollar swings like this now ( according to trader Dans blog)
  • #5,178
  • Apr 25, 2011 9:54am Apr 25, 2011 9:54am
Quoting shripsfx
one system i trade is mean reversion. This system has a sell on just about every major commoditie going around.

We are getting close....

OK well would you like to share it with us?

beeb
  • #5,179
  • Apr 25, 2011 9:59am Apr 25, 2011 9:59am
We might be bottoming right now.
Blue sky
  • #5,180
  • Apr 25, 2011 10:00am Apr 25, 2011 10:00am
I dont cencern myself with daily movements...only interested in long term charts as they are more accurate. My signals can last months before they play out so need to panic now...but just keep yourself open to the idea of what may lay ahead

Im not going into the details of my system especially after your comment beeb.
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