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

  • #8,481
  • Aug 2, 2011 6:36pm Aug 2, 2011 6:36pm
I felt so cheated. Early starting week. This is a short or drop in price from
1626 to 1606. I make a buy at 1608. It trigger my stoploss. That fall seem like wipe out all stoploss and give genuine buyer. so so sick
Now, the market ran away without me.

It would have put me in a good position. Now..must wait for another timing to buy
  • #8,482
  • Aug 2, 2011 7:04pm Aug 2, 2011 7:04pm
i personally feel we arn't done with 1635 just yet. a retest and good bounce north will definitely put me onboard the long train, until then I think ill wait to see.

im also looking ahead though, if we don't see this retrace before the NFP numbers. I will be looking to enter if they are bad.
  • #8,483
  • Aug 2, 2011 9:21pm Aug 2, 2011 9:21pm
Quoting Mitchoss
i personally feel we arn't done with 1635 just yet. a retest and good bounce north will definitely put me onboard the long train, until then I think ill wait to see.

im also looking ahead though, if we don't see this retrace before the NFP numbers. I will be looking to enter if they are bad.
It's good to stand aside when you are not sure.
1,640.xx maybe but 1,635 is a Long Shot.
You Plays your Money; You take your chances.
Or you can sit in the stands.

B
  • #8,484
  • Aug 2, 2011 9:31pm Aug 2, 2011 9:31pm
Attached Image (click to enlarge)
Click to Enlarge Name: box.jpg Size: 158 KB


This is a great breakout indi.
Attached File(s)
File Type: mq4 sqDynamicBreakoutBox-7.mq4   26 KB | 491 downloads
  • #8,485
  • Aug 3, 2011 12:43am Aug 3, 2011 12:43am
Avoid short on gold it seems, there is no sign of reversal yet, though i am not long, i prefer to wait till some reversal pattern is seen on 4 hr to jump in...
  • #8,486
  • Edited 2:46am Aug 3, 2011 2:11am | Edited 2:46am
i'm with you. waiting for retracement only enter a long
  • #8,487
  • Aug 3, 2011 3:04am Aug 3, 2011 3:04am
Same chart as shown in #8586 - transferred to GC 20min:

http://www.screencast.com/t/D9paGDq2oE

beeb
  • #8,488
  • Aug 3, 2011 3:36am Aug 3, 2011 3:36am
Thanks Beeb, I am loving your forks!
  • #8,489
  • Aug 3, 2011 3:43am Aug 3, 2011 3:43am
Thanks for the replies Xtrade and beeb. I understand the prospects for Gold to go up due to the fundamentals. Also, the cycles are getting shorter now and moves are getting sharper. This is a symptom of market going parabolic isn't it?

I would bet on 2000-2200 by 2013 4Q worst case.

Any take on this line:

' Market consolidate 75%-80% of the time and is trending 20-25% of the time'

If i know the markets consolidate 80% of the time then I can see how much time the consolidation was and I can find the other 20% and add that up from breakout point to know how long at the least Gold is trending.
Trends I Love Finding
  • #8,490
  • Aug 3, 2011 4:32am Aug 3, 2011 4:32am
20min SI fork showing good harmony with price

http://www.screencast.com/t/cbcEcDlYfnS

beeb
  • #8,491
  • Aug 3, 2011 4:38am Aug 3, 2011 4:38am
...something but not a timescale.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 9 KB
Click to Enlarge Name: 2.gif Size: 9 KB
  • #8,492
  • Aug 3, 2011 6:04am Aug 3, 2011 6:04am
Quoting beeb
Same chart as shown in #8586 - transferred to GC 20min:

http://www.screencast.com/t/D9paGDq2oE

beeb
beep can you show me daily 3 year channel for gold ? thanx
MMMYYYKKK
  • #8,493
  • Aug 3, 2011 6:19am Aug 3, 2011 6:19am
friends i want to go short in silver, is it risky to go short here ($41) with stop above $42 , for target beloe $39 .
whats your study on Silver & gold??
pls share..
Shri Ram
  • #8,494
  • Edited 7:00am Aug 3, 2011 6:50am | Edited 7:00am
Quoting dattatreya
friends i want to go short in silver, is it risky to go short here ($41) with stop above $42 , for target beloe $39 .
whats your study on Silver & gold??
pls share..
1. Nobody should give you advice as we don't know your objectives, risk-tolerances or situation.
2. You would be wise not to follow others' advice as you don't know their competence or intentions.
3. NFP is on Friday.
4. There are 8600+ messages on this thread - have you looked at any of them? There should be enough there to help you make your own mind up.
5. If you can't do so, I suggest you think about employing a fund manager to make your decisions.



beeb
  • #8,495
  • Aug 3, 2011 7:39am Aug 3, 2011 7:39am
Quoting beeb
Same chart as shown in #8586 - transferred to GC 20min:

http://www.screencast.com/t/D9paGDq2oE

beeb
Beeb I would love your comment on my chart. I know its upto an individual how to trade the fork but how would you place your positions based on this. On the first page there is a mention of your technique for forks. So should I understand from there itself?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Gold Fork.gif Size: 22 KB
Trends I Love Finding
  • #8,496
  • Aug 3, 2011 7:43am Aug 3, 2011 7:43am
Quoting Tilf
Beeb I would love your comment on my chart. I know its upto an individual how to trade the fork but how would you place your positions based on this. On the first page there is a mention of your technique for forks. So should I understand from there itself?

Thanks

In very simple terms - find a fork that has frequency or harmony with price and trade in the direction of that fork ie don't short an up fork and vice versa. Go long at support and lighten at resistance always using stops below prior structure. If you are uncertain wait for second bar confirmation of support or resistance.

Then just practice and practice until you start to see rhythm in the market....

simples



beeb

edit - Also know your market. So many people here don't have a clue about eg London spot market, daily fixes, opex, COT's etc etc
  • #8,497
  • Aug 3, 2011 7:55am Aug 3, 2011 7:55am
Quoting lilpip

monthly
47.33
39.82
32.32
weekly
42.00
38.67
35.34
mon. sitting below daily trend guide 40.18, bias is up from weekly pivot area 38.67-38.91.
gold closing a month above yearly breakout 1551 and
this quarters highs 1594.
Bias is up from gold monthly trend guide 1573-78.
We rotated back at last weeks weekly highs 1628, lets see if she breaksout and continues trending this week and get to aug.monthly highs 1655-58.
weekly
1645
1594-99
1553
gold is acting like she should above 1551.
watch if aug. monthly breakout 1655-58 along with weekly breakout 1645 areas hold.
tues. daily breakout 1633.
last years range of 385 added to 1551 is 1936 target for year unless shes lying to me.
her sis has been strait up the last 2 years, time will tell.
  • #8,498
  • Aug 3, 2011 8:10am Aug 3, 2011 8:10am
good read:

http://www.zerohedge.com/news/gold-b...ta-suggest-not

beeb
  • #8,499
  • Aug 3, 2011 8:34am Aug 3, 2011 8:34am
Quoting beeb
good read:

http://www.zerohedge.com/news/gold-b...ta-suggest-not

beeb
and another
Gerald, tell it like it is.
http://www.kingworldnews.com/kingwor...3A3%3A2011.mp3
  • #8,500
  • Edited 8:57am Aug 3, 2011 8:42am | Edited 8:57am
Quoting lilpip
gold is acting like she should above 1551.
watch if aug. monthly breakout 1655-58 along with weekly breakout 1645 areas hold.
bounce at 1659 is noted.
lets see how they respond when silver hits $42
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