XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 486 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #9,701
  • Sep 5, 2011 3:08pm Sep 5, 2011 3:08pm
Quoting Mitchoss
Thanks mate, I thought as much but I wasn't sure where the price feed came from as im Australian.

Mitch
I'm also with an aussie broker. This is similar to what happens everyday around this time.
  • #9,702
  • Sep 5, 2011 3:19pm Sep 5, 2011 3:19pm
Quoting XTrade
It'll get taken out. Remember NY wasn't even open today.
Oh! I know ... talking about tomorrow
  • #9,703
  • Edited 5:59pm Sep 5, 2011 5:11pm | Edited 5:59pm
Quoting XTrade
Not to mention beeb has gone out of his way to show everyone here his style of trading in which he is profitable. If you don't like it fine.

He is a PROFESSIONAL TRADER with over 30 YEARS of experience. Thus he is a seasoned veteran trader and should be treated as such.

If you don't agree with something he says or posts the best course of action to take not to disrupt things are as follows,

1. Respect your Elders (momma shoulda taught you that too) Make a constructive post or discussion - NOT AN ARGUMENT - or a he said / she said - of your point...
Are you aiming all this at me?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,704
  • Sep 5, 2011 5:43pm Sep 5, 2011 5:43pm
my view on gold.
2k is top.
Attached Image (click to enlarge)
Click to Enlarge Name: xau_usd_daily.jpg Size: 86 KB
  • #9,705
  • Edited 6:28pm Sep 5, 2011 5:49pm | Edited 6:28pm
Greetings,

I'm a novice trader with a mentor and have been focusing on gold this summer. Although my mentor is skilled with respect to short term bullish/bearish signals, I have been keeping it very simple and managing my stops carefully (of course).

I have learned a lot through some of the deep corrections (de-hedging is a tricky business) and am very happy to be up on my account having traded gold since June. I understand that most people don't do their research and lose money like gamblers at a casino.

Watching a ton of jumps in the market this past day ($1+ moves in a split second). I say this to offer some kind of evidence to the admin that I am actively trading as I wait for them to recognize my account.

My thoughts are that we will see a new high in the coming weeks as the Euro mess starts to unwind and the severity of the situation makes its rounds. Money in equities may again migrate to gold for another ride up. I expect another correction sometime afterward, of course.

Please don't take my thoughts as coming from someone who believes they are in the know. They are some simple humble thoughts from a beginner trader who knows full-well that gold could take a nose dive at the the drop of a hat.

Quick questions:

1. What do others think about the short selling banker manipulation hypothesis/theory?

2. What are your sentiments about the prospects of $2000 gold in the coming weeks?

3. Do you believe we are witnessing a bubble in gold as my investment banker friend insists (I disagree)?

4. If you feel inclined, what are some technical/fundamental factors swaying your current strategy (and no, I don't mean what someone posted yesterday or last week - I mean as of now). Only offer if you feel so obliged.

I ask without knowing the answers myself. I also hope to assure all that I am not hear for flame wars about questions to which I clearly do not possess the answers.

I look forward to your thoughts.

Cheers
  • #9,706
  • Sep 5, 2011 6:05pm Sep 5, 2011 6:05pm
Quoting longshot_nl
my view on gold.
2k is top.
Last line is too harsh maybe. The other lines look plausible. I wouldn't expect more than 20-25% drop from 2000. Beware that it might not be the round number 2000 when it starts to fall, it might as well be 1981 or something like that. It could also be that it passes the exact 2000 mark nicely, then some after it begins to fall. No fall would be hard to imagine. Anyway, fall is the wedding season and with all this bs around EUR might as well expedite the way to 2000. I don't think a fall more than 100 is coming before we see 2000 so I manage my long position sizes accordingly.
  • #9,707
  • Sep 5, 2011 6:08pm Sep 5, 2011 6:08pm
And what are your thoughts about King World News interview subjects who believe there will be a lid held on price at 1900 for the interim?

As I type, the price is dropping. Perhaps a buying opportunity for the confident. I don't plan on adding to my position at this stage.
  • #9,708
  • Sep 5, 2011 6:10pm Sep 5, 2011 6:10pm
Quoting Wheels
And what are your thoughts about King World News interview subjects who believe there will be a lid held on price at 1900 for the interim.

As I type, a price is dropping. Perhaps a buying opportunity for the confident. I don't plan on adding to my position at this stage.
M1 Bullish butterfly harmonic, bought for some $$ Its top is in the ugly area of few hours ago, but it's ok.
  • #9,709
  • Sep 5, 2011 6:20pm Sep 5, 2011 6:20pm
I think it would be wise to buy longs and hold, ALL DATA is poor, and I do not hear anyone speaking to the Palestinian issue on 9-20-11, GOLD has always been a place to park in uncertain times. Do you think the times and Data fit this take a hard look and get your house in order,be carefull !!!
  • #9,710
  • Sep 5, 2011 7:27pm Sep 5, 2011 7:27pm
Quoting Firsh
Last line is too harsh maybe. The other lines look plausible. I wouldn't expect more than 20-25% drop from 2000. Beware that it might not be the round number 2000 when it starts to fall, it might as well be 1981 or something like that. It could also be that it passes the exact 2000 mark nicely, then some after it begins to fall. No fall would be hard to imagine. Anyway, fall is the wedding season and with all this bs around EUR might as well expedite the way to 2000. I don't think a fall more than 100 is coming before we see 2000 so I manage my...
Last line is becouse it doesn't fit otherwise.
I am more bearish becouse the silver/gold ratio is way off.
But we'll see, i don't trade gold though, only silver and currency pairs.
  • #9,711
  • Sep 5, 2011 7:29pm Sep 5, 2011 7:29pm
No not at all, why should I be? LOL

There is just sometimes to much bs between others.

I am guilty of it as well. Getting trolled by someone I will not mention.

We don't have time for it. I was pissed in my initial reading of beeb's post.

But, if the ignore button is not enough what can I do.

I cannot ban everyone. There needs to be a difference of opinion in HERE and in markets.

Just not arguing, bickering, name calling, - you get my point.

If he wants to go, there is nothing I can do about it. I just wanted to point out that he is a Great trader and many here including myself have learned from him. Thus, it is unfortunate. But out of my control.

The last post is redundant and I will take one piece and combine the two.



Quoting realjumper
Are you aiming all this at me?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,712
  • Sep 5, 2011 7:52pm Sep 5, 2011 7:52pm
Beeb - take a break. Your analysis and input are valued here.

USE ignore. You are not going to leave due to trolls.

Comeback when you have gotten the frustration out.

Sincerely,
X

- To the crowd - respect your elders.
There will be no more toleration of bickering, name calling, d--k measuring contests, take it elsewhere. otherwise the Ban Hammer comes down!!!

Ask Bemac about that!



Quoting beeb
I'm sick and tired of the inchworms that abound on this website. I am too busy to respond to their pathetic barbs and so have decided to take my leave. No doubt some will feel pleased or vindicated - claiming that I can't take the heat or some other bull. A maxim I have tried to follow is "Don't argue with idiots - they try to bring you down to their level, then beat you with experience...."

I wanted to try and give something back to people who were finding their feet in the market and I hope to some degree I have done so. If I have opened...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,713
  • Sep 5, 2011 8:08pm Sep 5, 2011 8:08pm
Quoting XTrade
No not at all, why should I be? LOL

There is just sometimes to much bs between others.

I am guilty of it as well. Getting trolled by someone I will not mention.

We don't have time for it. I was pissed in my initial reading of beeb's post.

But, if the ignore button is not enough what can I do.

I cannot ban everyone. There needs to be a difference of opinion in HERE and in markets.

Just not arguing, bickering, name calling, - you get my point.

If he wants to go, there is nothing I can do about it. I just wanted to point out that he...
I agree with you up to a point......bickering can be silly and a waste of time and energy.

A poster who has 30 years experience hardly needs to mention the fact...his posts will speak volumes about his experience, or lack of, for themselves.

Further, such a veteran of fx trading will surely have seen it all before? To run away at the first sign of 'dissent' raises a red flag for me.

Also, you would have heard the saying "give a man a fish, and feed him for a day. Teach a man how to catch his own fish, feed him forever."

I have read through many of beebs posts and I don't see much teaching going on. It would be more helpful to newbies if he (and this includes you and me) were to post his trade idea's *ahead* of the trade being taken....or within (say) 5 minutes of the trade being taken.....together with the analysis, reasons, target and stop loss levels. Saying something like "Yes, I'm already in a short since yesterday", just makes me laugh and scream LIAR.

Someone with "30 years" in the game and who is a "professional" trader ought to be able to do that without raising a sweat, no?

And.....if he's was genuine, teach his method of pitchfork or whatever analysis he prefers......and back it up with progressive updates so that people can see his analysis mature until it's ultimate success or failure.

Which brings me to another point.......posting only successful trades (especially after the fact) is just outright bullshit. I have far more respect for a trader who posts his analysis and trades ahead of time, and then posts progression reports, and the eventual outcome *whether a loss or a gain*, than I do for a trader who only posts his winning trades after the fact.

Am I happy that beeb ran away? No, not at all. Some of his posts were very good. I would have preferred that he stayed here and proved me wrong......not by arguing and fighting with me, but by doing what I have said above.

A few cheerleaders here have voiced their sadness at his departure because they will miss his analysis. Really, I don't care about those people. If their trading all turns to shit because one poster has departed an online forum, then they are doomed to join the 98% club.

The PM's I have received in support is humbling to me....and I have no regrets other than to the fact that beeb chose to run away.....his choice.

Now, I will post my analysis from time to time, and when I take a trade, it will be ahead of time, or not more that 5 minutes after entry.....my reasons, charts, SL and Target Price will all be there.....complete transparency. If anyone want's to know anything about how I trade, I will show them.....because I would rather that they fish for themselves that be a given a fish to eat.

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,714
  • Sep 5, 2011 8:27pm Sep 5, 2011 8:27pm
In gold daily chart, I see that, there is "negative volume divergence". Does anybody see it?
  • #9,715
  • Sep 5, 2011 8:36pm Sep 5, 2011 8:36pm
If you look back to the beginning of the thread I used to post setups and calls a lot.

I still will post suggestions of entries. Then, a slew of newbies. REAL greenhorns were following.

I did not want to be responsible for someone taking a trade signal too late or not managing the stop correctly, thus it waned.

Really, I should just add a disclaimer when posting calls before the fact. I have no problem doing it.

Why don't we both..

----------------------

To go back again to the time of a slew of noobs. Then some wackjob came in the thread boasting of a Gent that he knew that could make gold from coal or some BS....

In any case his deranged trade calls became too much, and it was necessary to say remove the subject. Then the thread went more towards an informational and analytical basis.

There seem to be enough people confident to take a loss in here now so why not.

----

Let's start. AS of now if not long already I would likely remain flat until London or NY/London

If the pa does not make a new high tonight - I would consider a small short against the trend only to buy the dip. So where are we now 1898...

It looks like It wants to break. One might also consider placing a buy above the old high in case of breakout you would get picked up.

All depends on your MM, emotions, and bankroll. Lastly what you see and your goal.

I am looking to Hit 2000 before years end, that's not to say I think right now is the best entry.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,716
  • Sep 5, 2011 8:40pm Sep 5, 2011 8:40pm
the bears do NOT want 1900 breached again it seems. but boy, when we do, the short covering is going to launch us to 2k so quickly, and in doing so, create such strong support at 1900 and set us up for an explosive quarter. I'm excited and sitting on my longs at BE and plan to hold them for at least the duration that FED holds rates at 0. im leveraged very high and taking the risk.

Fortune or BE(Bust) haha

Mitch
  • #9,717
  • Sep 5, 2011 9:01pm Sep 5, 2011 9:01pm
Quoting XTrade
If you look back to the beginning of the thread I used to post setups and calls a lot.

I still will post suggestions of entries. Then, a slew of newbies. REAL greenhorns were following.

I did not want to be responsible for someone taking a trade signal too late or not managing the stop correctly, thus it waned.

Really, I should just add a disclaimer when posting calls before the fact. I have no problem doing it.

Why don't we both..

----------------------

To go back again to the time of a slew of noobs. Then some wackjob came in the thread...
I really don't care of noobs just blindly follow my entries.....I used to, but now I figures that there comes a time when people have to figure out for themselves whether they can trade, or whether they would be better off using a signal service. Either way, I don't care. What I do care about is people misleading others by saying such nonsense as "Yes, I've been long since 3 days ago".....as I said before, it 's lies and it's worthless.

I am very much an intraday trader, and I will post my trades and setups ahead of time. For now though, there is no trade for me here. It's too close to the historical high and there is no way of knowing whether the pa will break out or whether it will be rejected.

For the time being, there are better opportunities elsewhere
Doing what you like is Freedom. Liking what you do is Happiness.
  • #9,718
  • Edited 10:35pm Sep 5, 2011 9:58pm | Edited 10:35pm
Quoting lilpip
weekly
1936
1832
1728
mon.daily
1896-1901
1847-8
1793
monthly silver bias is up from 40.25 and watching how the 45.65 area responds.
weekly bias up from 42.05
44.76
42.05
39.30
mon.daily
bias is up from its fri. highs breakout at the 42.05-25 area
43.81
42.25
40.75
1901 monday highs hit with gold bouncing down along with silver following to silvers daily trend guide 42.25 area.
With the bounce back up they both closed like they want to continue north.
Bias is up from 1861, will be watching pa between 1861-71.
tue daily
1915-21
1861
1827
tue daily
bias is up from 42.25-49
43.69
42.25
40.73
if she heads south from pivot 41.42 will be an area of extra interest.
  • #9,719
  • Sep 5, 2011 10:39pm Sep 5, 2011 10:39pm
Welcome,

Not quite sure. Yet keep in mind vol is screwy due to the lack of the NEW YORK session, So I wouldn' t worry bout' it too much. Got chart?

Quoting ck3zw
In gold daily chart, I see that, there is "negative volume divergence". Does anybody see it?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #9,720
  • Sep 5, 2011 10:46pm Sep 5, 2011 10:46pm
So between two posts. (this and my last ) we have come to a consensus

Gold trade options.

1. Step aside and let the PA sort itself out before entry. Winner.
---------------------------------------------------------------

2. Go long with a semi tight stop to trade the potential breakout.
3. Do the reverse except go short.

Now if you are a fool you can go long and short at the same time,
the PA will likely stop you out on both sides and you can lose a bucket of dough you had a small time ago.

4. Flip a Gold coin 3 times and take the winner 2 out of 3

Edit: If you are long stay long IMO.
If you are short don't get burned.


Quoting realjumper
I really don't care of noobs just blindly follow my entries.....I used to, but now I figures that there comes a time when people have to figure out for themselves whether they can trade, or whether they would be better off using a signal service. Either way, I don't care. What I do care about is people misleading others by saying such nonsense as "Yes, I've been long since 3 days ago".....as I said before, it 's lies and it's worthless.

I am very much an intraday trader, and I will post my trades and setups ahead of time. For now though, there...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
126 traders viewing now