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

  • #7,681
  • Jul 3, 2011 8:58pm Jul 3, 2011 8:58pm
Quoting XTrade
No I am live already. I think what they did was adjust the US systems, to uninstall XAU on the demo the next time opened.

I use demos to test strats and for charting.
use ibfx australia if you want just the MT4, www.ibfx.com.au
or Monex demo www.mifx.com
trading is my zen
  • #7,682
  • Jul 3, 2011 10:24pm Jul 3, 2011 10:24pm
WOW Monex has a demo!

I would STAY AS FAR AWAY FROM THEM AS POSSIBLE.

There used to be a site on the web devoted to how people had been scammed out of their entire life savings (not all are as smart as us!:nerd: JK) but anyway first hand experiences written and hosted all NON profit, just for awareness.

Al of a sudden a few years back it disappeared and I remember hearing something the affect of MNX wanted to sue the hosts on basis of lost revenue due to sight and defamation I believe. What a crock. STAY AWAY.

Any company with over 5 DBA's is "shady" in my book.

Quoting ShirleyLo
use ibfx australia if you want just the MT4, www.ibfx.com.au
or Monex demo www.mifx.com
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,683
  • Jul 3, 2011 10:27pm Jul 3, 2011 10:27pm
BTW my live and demo accounts are quoting Gold as of now from another broker.

I am still very pissed about losing those charts.

And I cant understand why it dissapeared I did delete old demos yesterday but nothing that would have pushed that one out.

I think the Currenex demo DID.....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,684
  • Jul 4, 2011 12:08am Jul 4, 2011 12:08am
Quoting XTrade
Analysis before the market opens.

This is going to be quick,

We are below the midpoint of the channel and closed at five or so week lows on friday = bearish close.

Now, we have seen several times after the record highs and the other attempts the roller coaster ride of HIGH, then correction of appx 75 TO 115 usd.

On the last attempt at high appx ending at 1550xx. we have started correction along with the beginning of the slow summer and the release of "strategic oil"
commods took a hit recently.

Now- as of yet we have only corrected...
the COT is showing some buying and short covering. However it's not safe to buy yet.

however i do notice that all the leg up will happen about the end of month, where you'll see extreme hammering ($40) down bar. After that, it's all the way up already. Number wise, i think it might go as far as 1430
  • #7,685
  • Jul 4, 2011 12:13am Jul 4, 2011 12:13am
Quoting ShirleyLo
use ibfx australia if you want just the MT4, www.ibfx.com.au
or Monex demo www.mifx.com
I'm a US trader. I just asked www.ibfx.com.au and they told me I could not trade silver with them. I saw no option to tell them how much I'm worth to get them to change their minds. I made a bundle over at Oanda trading silver and I'm reluctant to give this up. I guess the obvious choice is futures. I already like the idea of losing those daily interest charges.

Wheels
  • #7,686
  • Jul 4, 2011 12:14am Jul 4, 2011 12:14am
I know of the owner of Monex, he came to my friend's wedding and he was too rich to talk to. Monex is indonesian (he was Indian, BIG DUDE), probably the second biggest here (the company....) for forex brokerage. I distrust it still lol

HOWEVER - pls stick to reputable brokers with strict regulations.

Stick to IBFX - I stick w it and FXCM.

IBFX has great great custom indicators, I love their custom daily pivots - accurately done!


Quoting XTrade
WOW Monex has a demo!

I would STAY AS FAR AWAY FROM THEM AS POSSIBLE.

There used to be a site on the web devoted to how people had been scammed out of their entire life savings (not all are as smart as us!:nerd: JK) but anyway first hand experiences written and hosted all NON profit, just for awareness.

Al of a sudden a few years back it disappeared and I remember hearing something the affect of MNX wanted to sue the hosts on basis of lost revenue due to sight and defamation I believe. What a crock. STAY AWAY.

Any company with over 5 DBA's...
trading is my zen
  • #7,687
  • Jul 4, 2011 12:22am Jul 4, 2011 12:22am
Quoting 4xWheels
I'm a US trader. I just asked www.ibfx.com.au and they told me I could not trade silver with them. I saw no option to tell them how much I'm worth to get them to change their minds. I made a bundle over at Oanda trading silver and I'm reluctant to give this up. I guess the obvious choice is futures. I already like the idea of losing those daily interest charges.

Wheels
yes,, i think they need to know how much you worth....for fun you can always say "I'm priceless............you hurt my feeling..."

however I know some US traders who open an account with IBFX Aust. They've made more now from the income in AUD

I should stop blabbing now...you know how brokers watch what we write here and adjust their laws accordingly
trading is my zen
  • #7,688
  • Jul 4, 2011 1:28am Jul 4, 2011 1:28am
http://charts.kitco.com/KitcoCharts/...eriod=86400000

SEE IF THIS WORKS

EDIT - NOPE

HERE
http://www.kitco.com/images/live/gold.gif

Looks like we may see test of 1500
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,689
  • Jul 4, 2011 3:39am Jul 4, 2011 3:39am
Happy 4th of July for every US residents. May peaceful and slow trading bless you today!

Next nearest up is 1498, then 1508, we're in pivotal point atm, I've traded nothing since yesterday but holding on to my 1487 long from last week.

Entertain me with good things, anyone?
trading is my zen
  • #7,690
  • Jul 4, 2011 5:44am Jul 4, 2011 5:44am
Hows everyone going today?

It's been pretty slow for PM's but I've had a blast on AUDUSD and EURUSD. plenty of movement, ideal for scalping all day and night.

Any hopes for 1500 to pop tonight?

Mitch
  • #7,691
  • Jul 4, 2011 8:16am Jul 4, 2011 8:16am
This week thurs and friday action day...next week direction day
  • #7,692
  • Edited 11:34am Jul 4, 2011 8:47am | Edited 11:34am
should I be surprised that the quarter closes 1 penny above yearly breakout for silver @ 34.65 ?
from $35.38 bias is down.
above 35.38 spells bull.
although I dont use indicators, maybe because of my lack of ability, can we get charts posted showing the range of prices below be it forks, fibs, ma ? thanks
47.65
38.91 eye on and open
32.94 eye on
30.17 bias up from
from my angle,looking at a smaller timeframe to help confirm the trend.
a break of weekly highs 36.34 helps to confirmation of trek north from quarterly pivot 35.38
weekly
36.34
34.64
32.94
daily
34.96
34.09 daily trend guide
33.22
first clue for heading north this week would be trading on the otherside of 34.09-34.64 area(34.09Daily pivot) -(34.64 weekly pivot ).
a breakout of monday daily highs 34.96 and a tuesday confirming hold gives us a heads up for getting on the other side of 35.38

fitting read for the day.
http://www.roadtoroota.com/public/57...kuohaZGuZAZ85B
  • #7,693
  • Jul 4, 2011 11:36am Jul 4, 2011 11:36am
if the 1496 will not break see this area bounces can be turning point to downside
Trading by EA
  • #7,694
  • Jul 4, 2011 12:30pm Jul 4, 2011 12:30pm
Quoting Mitchoss
Hows everyone going today?

It's been pretty slow for PM's but I've had a blast on AUDUSD and EURUSD. plenty of movement, ideal for scalping all day and night.

Any hopes for 1500 to pop tonight?

Mitch
1500 might not be touched 'till the asian session of 5/7/2011. Not enough strenght in the market today to push that far. Hoping to go short from 1505 in pursuit of the bottom of the ascending channel.
  • #7,695
  • Jul 4, 2011 1:05pm Jul 4, 2011 1:05pm
Do any of you use stop loss with gold? I think no stoploss + patience = no loss + a lot of profit
  • #7,696
  • Jul 4, 2011 2:10pm Jul 4, 2011 2:10pm
Quoting hermanforex
Do any of you use stop loss with gold? I think no stoploss + patience = no loss + a lot of profit
Keep believing that until .......... it = no profit + and a whole lotta of loss.
  • #7,697
  • Jul 4, 2011 2:33pm Jul 4, 2011 2:33pm
hahaha
  • #7,698
  • Jul 4, 2011 4:01pm Jul 4, 2011 4:01pm
Market Nuggets: MKS Finance: Gold Prices Benefit From Physical Buying

04 July 2011, 4:29 p.m. - Sykora -
"(Kitco News) -- Gold is higher in subdued trading, with U.S. markets shuttered for the Fourth of July holiday, after overseas physical buying that emerged in the wake of a pre-weekend sell-off, say analysts with MKS Finance. Physical demand emerged in Asia overnight below $1,490, and the market later kept climbing when light buy stops were hit, MKS says. The physical buying eventually was met with offers in the $1,494-95 area on Ecomex. The market settled into a narrow range during the latter part of the day. “Especially bargain hunting helped the metal rebound from its low on Friday,” MKS says. “Due to the U.S. being on holiday today for Independence Day, the market remained calm and the day broadly uneventful.” Around 4:25 p.m. EDT, spot gold was $9.80 higher at $1,496.30 an ounce. "
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,699
  • Jul 4, 2011 4:40pm Jul 4, 2011 4:40pm
still early morning here...*huge yawn*

still holding on to my 2-days-ago buy at 1487. See if it breaches 1498 today, then it should go further up.

think it was in my yesterday's chart....i'm off for some serious coffee, withdrawal symptoms are causing my impulsive trading.
trading is my zen
  • #7,700
  • Jul 4, 2011 5:05pm Jul 4, 2011 5:05pm
ShirleyLO! Wake UP!



http://joseph-madden.com/updates/wp-...offee-Art2.jpg
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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