MAN.. its not backing off, it wants to break 1700
squeeeeeeze those shorts!
squeeeeeeze those shorts!
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #8,642
- Aug 7, 2011 11:07pm Aug 7, 2011 11:07pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
MAN.. its not backing off, it wants to break 1700
squeeeeeeze those shorts!
I coulda...
OR
I Did...
Pick a PA Entry.
Mine is 1,695.xx
B
- #8,644
- Aug 7, 2011 11:20pm Aug 7, 2011 11:20pm
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
- #8,645
- Aug 7, 2011 11:58pm Aug 7, 2011 11:58pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
I did say 1600 was going to be a fast one.
Expect resistance thru 1700 to 1800
otherwise find yourself a nice dip and bury the money their!
Gold broke 1700!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #8,646
- Aug 8, 2011 12:03am Aug 8, 2011 12:03am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
...Forgive me for trying to run a tight ship but I have run out of patience....
Seriously... nice thread XTrade. Being absent (from FF) quite a lot lately as the neighborhood has gone to seed, I only stumbled onto it as I was stalking Bemac to see where he'd got off to and found him bending an elbow here. As a consequence of that, I've spent some thorougly enjoyable time reading many of your backposts. Well done, and these daze on FF, that's saying something.
As one who has also invested a bit of Time on a couple Opening Posts, I can only offer a (Really) Big Nod to you for yours. Hold your Line, do your thang, iggy the haters, and leave some Good behind you. Someone, somewhere, sometime will bless you for it.
NOTE: Even tho the vouch system is somewhat Broken these daze, it still holds a bit of meaning for some of us, and the Target on your back just got a bit bigger.
OK.... My 1.1618 cents worth... The only helpful nugget I feel qualified to offer at this time is... If Bemac is in the Room, watch yur wallet. You'll likely leave with it lighter than when you arrived... No worries tho, Bill is Old School... he''ll always (well, usually anyways) leave you bus fare to get home on in the Hope you maybe learnt something from the pips he pinched
And besides bein' a canny Trader, he's got a GREAT grits recipe as well.
((Sorry Bill... just wanted to warn some of the kids here you can be the Ultimate Predator... when you're not teaching the young to Hunt ((or cook grits...))
FUBAR...
- #8,647
- Aug 8, 2011 12:05am Aug 8, 2011 12:05am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
SHI-Lo - you are not holding longs from down below?
open gap, overbought on most timeframes, 1702 next up but would you buy it? short scalps sound good to me. keep your low priced buys and take profit awareness in sight
wouldn't be too surprised of 1670.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #8,648
- Aug 8, 2011 12:11am Aug 8, 2011 12:11am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
ak4x,
Thanks for the kind words and compliments towards the thread, they are not taken lightly. Much appreciated.
Not sure if you trade gold but feel free to stick around. the more the merrier. (well sometimes, you know........)
Yeah, happy to have Bemac here, he seems to feel at home and we like that.
Hope to hear from you soon.
Sincerely,
X
Thanks for the kind words and compliments towards the thread, they are not taken lightly. Much appreciated.
Not sure if you trade gold but feel free to stick around. the more the merrier. (well sometimes, you know........)
Yeah, happy to have Bemac here, he seems to feel at home and we like that.
Hope to hear from you soon.
Sincerely,
X
No forgiveness from this quarter... as 'tight ships' don't leak.
Seriously... nice thread XTrade. Being absent (from FF) quite a lot lately as the neighborhood has gone to seed, I only stumbled onto it as I was stalking Bemac to see where he'd got off to and found him bending an elbow here. As a consequence of that, I've spent some thorougly enjoyable time reading many of your backposts. Well done, and these daze on FF, that's saying something.
As one who has also invested a bit of Time on a couple Opening Posts, I...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #8,649
- Aug 8, 2011 12:17am Aug 8, 2011 12:17am
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
No forgiveness from this quarter... as 'tight ships' don't leak.
Seriously... nice thread XTrade. Being absent (from FF) quite a lot lately as the neighborhood has gone to seed, I only stumbled onto it as I was stalking Bemac to see where he'd got off to and found him bending an elbow here. As a consequence of that, I've spent some thorougly enjoyable time reading many of your backposts. Well done, and these daze on FF, that's saying something.
As one who has also invested a bit of Time on a couple Opening Posts, I can...
With absolute.
Friend.
B
- #8,650
- Aug 8, 2011 12:28am Aug 8, 2011 12:28am
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
No forgiveness from this quarter... as 'tight ships' don't leak.
Seriously... nice thread XTrade. Being absent (from FF) quite a lot lately as the neighborhood has gone to seed, I only stumbled onto it as I was stalking Bemac to see where he'd got off to and found him bending an elbow here. As a consequence of that, I've spent some thorougly enjoyable time reading many of your backposts. Well done, and these daze on FF, that's saying something.
As one who has also invested a bit of Time on a couple Opening Posts, I can...
With absolute.
Friend.
B
- #8,651
- Aug 8, 2011 12:30am Aug 8, 2011 12:30am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #8,653
- Aug 8, 2011 1:09am Aug 8, 2011 1:09am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Glad to hear it. Stick around things are just getting interesting!
I know this was coming. Thanks to all you guys especially Xtrade I gain lots of knowledge about gold trading. Even if you buy during the weekend you'd still make a good profit today
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #8,654
- Aug 8, 2011 1:24am Aug 8, 2011 1:24am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #8,655
- Aug 8, 2011 1:30am Aug 8, 2011 1:30am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
A couple long view technical perspectives...
I've had these two fibs running since the times shown by the shaded circles.
Like the first one from March, the second is from the first week of May when the LTL was tested (light circles) and confirmed the Upper Fib anchor for that fib. (( I see fibs differently than some... Slap me if you think it'll help.))
So... I'm watching two pullback levels in a ranging zone from 1710ish on the more current fib to 1718-20ish (the round number level) on the older fib, give or take a buck, which seems to be in line with other thinking here.... yet at the End Of The Day, market jitters and Funnymentals may trump all our Wreckednicals... Anyway, us old guys need our Beauty Snooze. Careful trades all...
I've had these two fibs running since the times shown by the shaded circles.
Like the first one from March, the second is from the first week of May when the LTL was tested (light circles) and confirmed the Upper Fib anchor for that fib. (( I see fibs differently than some... Slap me if you think it'll help.))
So... I'm watching two pullback levels in a ranging zone from 1710ish on the more current fib to 1718-20ish (the round number level) on the older fib, give or take a buck, which seems to be in line with other thinking here.... yet at the End Of The Day, market jitters and Funnymentals may trump all our Wreckednicals... Anyway, us old guys need our Beauty Snooze. Careful trades all...
FUBAR...
