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

  • #5,181
  • Apr 25, 2011 10:01am Apr 25, 2011 10:01am
no problems - one day you will be right

however there are a lot of newbies here who react badly to eruptions like yours, so perhaps you could have tempered it a bit....

beeb
  • #5,182
  • Apr 25, 2011 10:03am Apr 25, 2011 10:03am
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....
Moving averages crossover? Overbought Oscillators?
LOL
  • #5,183
  • Apr 25, 2011 10:11am Apr 25, 2011 10:11am
hahah i would be broke if i used moving average crossovers and oscillators
  • #5,184
  • Apr 25, 2011 10:15am Apr 25, 2011 10:15am
Quoting shripsfx
hahah i would be broke if i used moving average crossovers and oscillators
well come on then, we are all here to hear someone out. You need to back up your claim with some facts. Anyone can make a statement that something is going up and down, you need to add why.
  • #5,185
  • Apr 25, 2011 10:18am Apr 25, 2011 10:18am
Quoting Euroscum
well come on then, we are all here to hear someone out. You need to back up your claim with some facts. Anyone can make a statement that something is going up and down, you need to add why.
Euroscum you are not on my ignore list but this guy is heading that way.
  • #5,186
  • Apr 25, 2011 10:19am Apr 25, 2011 10:19am
worth a read if you are unfamiliar with options settlement:

http://www.zerohedge.com/article/war...pe-three-parts

beeb
  • #5,187
  • Apr 25, 2011 10:19am Apr 25, 2011 10:19am
silver hit a trendline and 23.6 fib line, stochastics under 20, and RSI nearing oversold.

Personally, I think its some big boys taking some profits but they are still long silver at least until $50/oz.

I am thinking that fall was a good time to add longs

happy trading
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  • #5,188
  • Apr 25, 2011 10:24am Apr 25, 2011 10:24am
Quoting six gun
Euroscum you are not on my ignore list but this guy is heading that way.
I think I am on beebs, he did not reply
  • #5,189
  • Apr 25, 2011 10:25am Apr 25, 2011 10:25am
Who said silver was slow

Top 49.78
Low 45.68

Range = 4.10

As percentage of top price that is 8.2%

That is crazy.
  • #5,190
  • Apr 25, 2011 10:32am Apr 25, 2011 10:32am
no system is never 100%, so i could be wrong.
This one is based on speculation sentiment(which can be measured) and time(which is very subjective)
And i use it when i feel very long term trends are close to an end. it works more time than not.
  • #5,191
  • Apr 25, 2011 10:37am Apr 25, 2011 10:37am
Quoting JeremyWS
silver hit a trendline and 23.6 fib line, stochastics under 20, and RSI nearing oversold.

Personally, I think its some big boys taking some profits but they are still long silver at least until $50/oz.

I am thinking that fall was a good time to add longs

happy trading
I like your TA contribution but logically:

If you are long and you take profits you are no longer long. You are out of the market.
So you cannot still be long for $50?

Are you saying taking partial profits?
They have now re-entered the market at a lower level?

Unless you happen to know any of the big boys in the playground how do you know it was them taking profit?
This is a Bank Holiday in the UK. The big boys are at home with mummy and not coming out today.

How does anyone know what the big boys are doing?

Even light selling or buying will move the price significantly, hence this massive swing on the day.
  • #5,192
  • Edited 10:57am Apr 25, 2011 10:39am | Edited 10:57am
Quoting shripsfx
no system is never 100%, so i could be wrong.
This one is based on speculation sentiment(which can be measured) and time(which is very subjective)
And i use it when i feel very long term trends are close to an end. it works more time than not.
Maybe your system is "never" 100%?

I think you have a misspelling there (or at least a double negative) or a Freudian slip perchance?
  • #5,193
  • Apr 25, 2011 10:43am Apr 25, 2011 10:43am
Quoting six gun
I like your TA contribution but logically:

If you are long and you take profits you are no longer long. You are out of the market.
So you cannot still be long for $50?

Are you saying taking partial profits?
They have now re-entered the market at a lower level?

Unless you happen to know any of the big boys in the playground how do you know it was them taking profit?
This is a Bank Holiday in the UK. The big boys are at home with mummy and not coming out today.

How does anyone know what the big boys are doing?

Even light selling...
yes, I was talking about partial profits, so they may have closed a few percent of their position, and then re-entered.

even though it is a bank holiday, there has still been fairly high volumes (could be stops in place).
  • #5,194
  • Apr 25, 2011 10:47am Apr 25, 2011 10:47am
Quoting XTrade
BIG dip in silver - might enter here again.... 46.30
Did you take it XT?

I did. I cannot take my eyes off the screen, it is too fast. I am going cross eyed now.
  • #5,195
  • Apr 25, 2011 10:55am Apr 25, 2011 10:55am
Quoting JeremyWS
yes, I was talking about partial profits, so they may have closed a few percent of their position, and then re-entered.

even though it is a bank holiday, there has still been fairly high volumes (could be stops in place).
Sorry for being a bit nasty.

XTrade tries to run a tight ship here so if you make a comment like commodities are going to hell or the big boys are taking profits and then they will go for $50. But you have no evidence for it. You will get jumped on.

I cannot see any volumes on my platform but there will be volumes on the futures (waste paper) contracts.

What is the volume like as compared with a normal trading Monday?
  • #5,196
  • Apr 25, 2011 11:06am Apr 25, 2011 11:06am
Quoting six gun
Sorry for being a bit nasty.

XTrade tries to run a tight ship here so if you make a comment like commodities are going to hell or the big boys are taking profits and then they will go for $50. But you have no evidence for it. You will get jumped on.

I cannot see any volumes on my platform but there will be volumes on the futures (waste paper) contracts.

What is the volume like as compared with a normal trading Monday?
No problem,

the sell-off earlier in spot silver had very high volumes (from what I see on oanda anyway) and was comparable to any normal spike. I haven't checked any futures volumes so I don't know for sure, but it was A 7%+ move and that doesn't come without many orders being filled and adding to the volumes.

By the way you shouldn't really listen to what I say i'm only 15 and don't really know what i'm talking about.
  • #5,197
  • Apr 25, 2011 11:08am Apr 25, 2011 11:08am
Quoting JeremyWS
By the way you shouldn't really listen to what I say i'm only 15 and don't really know what i'm talking about.
  • #5,198
  • Apr 25, 2011 11:11am Apr 25, 2011 11:11am
I'm only trading today because school is shut
  • #5,199
  • Apr 25, 2011 11:13am Apr 25, 2011 11:13am
Usdx did a good job perhaps but eu or gold not responding much as still it a bear & perhaps no good news to eyewash. so more wait for any entry to keep , scalping at times for few pips ok though .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #5,200
  • Apr 25, 2011 1:08pm Apr 25, 2011 1:08pm
37 posts..

OK so I will flatten my 100 USD MOVE trades on GOLD because you are flooding me with technical analysis backed by various fundamentals?



OR

Let me guess you heard it somewhere, maybe a friend of a friend.

Actually the talking heads heads' are SPINNING. There is absolutely NO sign of whatever you are talking about.

End.........

Now people PLEASE REFRAIN FROM MAKING WILD UNSUBSTANTIATED CLAIMS IN THIS THREAD.

Thank you - The Management


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
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