XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 337 | Crypto Craft

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

  • #6,721
  • May 24, 2011 4:53am May 24, 2011 4:53am
GM XTrade - you're up early

Here's a little 5min GC with an A down at 1471 showing a couple of nice entries.......

beeb
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  • #6,722
  • May 24, 2011 5:06am May 24, 2011 5:06am
And to give a bit of context - a couple more orthodox (given that they go LHL) forks from the 1471 - yellow is unmod schiff......

beeb
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  • #6,723
  • May 24, 2011 7:14am May 24, 2011 7:14am
As a side note, I wanted to quickly post apologies to beeb, I'm sorry for picking on you, you are a good person and the charts you post do actually add value, I flipped out and do apologize for that! I know it's late, but better late than never I guess.
  • #6,724
  • May 24, 2011 7:14am May 24, 2011 7:14am
i think after a new home sales in us we will see a gold and silver to heading town for shorter time
Trading by EA
  • #6,725
  • May 24, 2011 7:24am May 24, 2011 7:24am
a third perfect entry off the GC 5min sliding parallel posted above

beeb

ps don't know if anyone is trading this but it is SCALPING therefore get stops to breakeven asap.....
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  • #6,726
  • May 24, 2011 7:50am May 24, 2011 7:50am
daily highs for silver achieved @ 35.96.
what will order of the day for ny session be rotation or trending ?
1523 noted.
eyes open.
  • #6,727
  • May 24, 2011 7:56am May 24, 2011 7:56am
lilpip, dollar bulls are running out of gas, it's partly due to dollar already consuming the AMR (as per my USDX chart). It's weakness can be gauged by looking @ PA @ MR1 and MR2 currently below MR1. Still dollar is above weekly and way above monthly, so Id be careful with it. Once PA at least clears WP on the downmove we can expect retest of MP, however it's still far away.
  • #6,728
  • May 24, 2011 8:03am May 24, 2011 8:03am
Quoting ruffryders
lilpip, dollar bulls are running out of gas, it's partly due to dollar already consuming the AMR (as per my USDX chart). It's weakness can be gauged by looking @ PA @ MR1 and MR2 currently below MR1. Still dollar is above weekly and way above monthly, so Id be careful with it. Once PA at least clears WP on the downmove we can expect retest of MP, however it's still far away.
10-4 on remaining cautous.
I believe they both will give up a clue of direction watching on the 5 min.
  • #6,729
  • May 24, 2011 8:21am May 24, 2011 8:21am
Are we gonna see a confirmation of this triangle-breakout????
Experts???
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  • #6,730
  • May 24, 2011 8:45am May 24, 2011 8:45am
well off my 240min chart posted above we seem to be at resistance - breach this and we have a shot at mid to high 1530's imo....

beeb
  • #6,731
  • May 24, 2011 9:19am May 24, 2011 9:19am
Quoting fawaol
Are we gonna see a confirmation of this triangle-breakout????
Experts???
trading above 35.96 and 1525 is your 1st clue.
daily close above is second.
a retest and hold tomarrow from todays break from daily highs is third.

weekly pivot is 38.44.
the bounce down is noted on your chart @ 39.48 was a previous daily high and weekly pivot area .
  • #6,732
  • May 24, 2011 9:52am May 24, 2011 9:52am
Strong rise on gold and silver today.
After broke the most important res. 35.15/25 by silver, the next target is 36.85/90

In gold i looking for new long position around 1510/12 with stop at 1503 and targets 1539 -> 1563 and after then new high.
  • #6,733
  • May 24, 2011 10:51am May 24, 2011 10:51am
Quoting lilpip
looking at the daily for tue.
1523-25
1503-06
1479
with eye on 1491
silvr daily
35.76-96
3459
3321
daily highs noted and looking for direction from 1523-25.
  • #6,734
  • May 24, 2011 11:52am May 24, 2011 11:52am
Sorry to divert your attention just for a bit guys but I came across this courtesy of babypips and it was quite revealing.

Remember how every poster on topics in every forum seem to follow a particular behavior? Well they have been grouped according to their behaviour on here: http://redwing.hutman.net/~mreed/index.htm

Have a good laugh and have a go at classifying some posters you might have come across (especially the annoying ones) on this forum.
Less is more...
  • #6,735
  • May 24, 2011 1:18pm May 24, 2011 1:18pm
retracement is over and gold going north again...
The Black Swan: The Impact of the Highly Improbable
  • #6,736
  • May 24, 2011 2:21pm May 24, 2011 2:21pm
just to say i have a Short XAU/USD @ 1520 still, hoping for 1 last test of 1500
  • #6,737
  • May 24, 2011 2:24pm May 24, 2011 2:24pm
Quoting JeremyWS
just to say i have a Short XAU/USD @ 1520 still, hoping for 1 last test of 1500

any rationale behind this trade?

beeb
  • #6,738
  • May 24, 2011 2:24pm May 24, 2011 2:24pm
Quoting JeremyWS
just to say i have a Short XAU/USD @ 1520 still, hoping for 1 last test of 1500
I don't get you...why are you trading against the trend?
Less is more...
  • #6,739
  • May 24, 2011 2:27pm May 24, 2011 2:27pm
I like trading the Gold but wondering what the best indicators to put on my chart for this. Any suggestions?
  • #6,740
  • May 24, 2011 3:27pm May 24, 2011 3:27pm
Been a bit tied up. Looking good here. Need o pop 1524 next.
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