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

  • #10,161
  • Sep 16, 2011 1:42am Sep 16, 2011 1:42am
Quoting Ravissek
Heh.Bad LOss? I have -7500 pips on gold
whoa you shorted gold?
  • #10,162
  • Sep 16, 2011 4:56am Sep 16, 2011 4:56am
Silver is making a play for 40.00 - wonder if it will have a bearish reaction..

I have a theory about some fundies behind all this - could it be that gold is being pushed down in advance of the Sep 21st Fed meeting to get a better long entry depending on QE3 or no QE3?
Anything can happen.
  • #10,163
  • Edited 5:07am Sep 16, 2011 5:06am | Edited 5:07am
Hi all
There has been a bottom in short term
Target 1800 .
  • #10,164
  • Sep 16, 2011 5:12am Sep 16, 2011 5:12am
Quoting Nguyenngoctu
Hi all
There has been a bottom in short term
Target 1800 .
not yet bottom
target 1740 and 1720
ROBOT FOREX
  • #10,165
  • Sep 16, 2011 5:19am Sep 16, 2011 5:19am
Quoting Forbes55
not yet bottom
target 1740 and 1720
Why ?
What are your "not yet" reason ?
Long term could be hit your target .
  • #10,166
  • Sep 16, 2011 5:20am Sep 16, 2011 5:20am
Quoting Nguyenngoctu
Why ?
What are your "not yet" reason ?
Long term could be hit your target .
I don't trade long term, only short term everyday
and targets for today above mentioned
ROBOT FOREX
  • #10,167
  • Sep 16, 2011 5:23am Sep 16, 2011 5:23am
Quoting Forbes55
not yet bottom
target 1740 and 1720
Very similar to my targets for today. I can't see a direction change before the QE3 meeting so I'm scalping with the short term trend as far as it will go down
Anything can happen.
  • #10,168
  • Sep 16, 2011 5:42am Sep 16, 2011 5:42am
well my view is that gold is finding it hard to go below the 1768 level. if it fails to go below that level on the next re-test, then me thinks it could be on its way up again.


in fact it even looks to be on its way up now. but i will wait a while to see if it re-tests that area. if not, then it is surely on its way up.

if it does break below 1768 then down it is.....


  • #10,169
  • Sep 16, 2011 5:46am Sep 16, 2011 5:46am
Quoting whatfx
well my view is that gold is finding it hard to go below the 1768 level. if it fails to go below that level on the next re-test, then me thinks it could be on its way up again.


in fact it even looks to be on its way up now. but i will wait a while to see if it re-tests that area. if not, then it is surely on its way up.

if it does break below 1768 then down it is.....


It's starting to look that way - silver is 40.15 now.. I want to see big solid strongly closed green bars on the 4H/daily before buying though.
Anything can happen.
  • #10,170
  • Sep 16, 2011 5:46am Sep 16, 2011 5:46am
Yeah
Gold is upppppp
  • #10,171
  • Sep 16, 2011 5:48am Sep 16, 2011 5:48am
very small buy position entered at 1783. need to recover some of my losses from yesterday. looking for around 20 pips. stop loss 1762.


this trade i have taken is against my better judgement, and contrary to what my charts are showing. iam just taking a risk with this one. dont usually trade like this. but for some reason i just felt like entering a buy.

its small enough not to affect me badly if trade loses.
  • #10,172
  • Sep 16, 2011 5:54am Sep 16, 2011 5:54am
Quoting Nguyenngoctu
Yeah
Gold is upppppp



I hope so !

Had 2 strong up signals at ressistance level of around 1764, its looks similar to "head and shoulder" formation

But im waiting for about 1805 level for long and will close my short positions
  • #10,173
  • Sep 16, 2011 5:55am Sep 16, 2011 5:55am
once she breaks 1790 then its up to 1808 on my view.
  • #10,174
  • Sep 16, 2011 6:00am Sep 16, 2011 6:00am
Its retesting the broken trendline at 1787 and maybe even the 1800 level. A great opportunity to exit losing longs with minimal pain and/or load up more shorts, next target 1700 (100% expansion of descending triangle and previous low).

Once we are on the 1700 level we can then start forming the right shoulder.
  • #10,175
  • Sep 16, 2011 6:14am Sep 16, 2011 6:14am
Quoting 7bit
Its retesting the broken trendline at 1787 and maybe even the 1800 level. A great opportunity to exit losing longs with minimal pain and/or load up more shorts, next target 1700 (100% expansion of descending triangle and previous low).

Once we are on the 1700 level we can then start forming the right shoulder.
Absolutely agree.
But i targeting little bit lower - 1670, just above gap of 6 aug.
  • #10,176
  • Sep 16, 2011 6:19am Sep 16, 2011 6:19am
My short at 1770 is underwater but going for 1750 hopefully today if 1765 gives way.

Short term (1H/15M) looks to be reversing..
Anything can happen.
  • #10,177
  • Sep 16, 2011 6:27am Sep 16, 2011 6:27am
Quoting tuba84
I hope so !

Had 2 strong up signals at ressistance level of around 1764, its looks similar to "head and shoulder" formation

But im waiting for about 1805 level for long and will close my short positions

You keep some shorts, then get "2 strong up signals", then you waiting for price to go up to close shorts.....

Am I missed something???
  • #10,178
  • Sep 16, 2011 6:31am Sep 16, 2011 6:31am
Quoting fawaol
You keep some shorts, then get "2 strong up signals", then you waiting for price to go up to close shorts.....

Am I missed something???

Sorry i didnt put this clear... Im keeping my long position from around 1830-1860, but im using hedging - ive open few shorts to minimalize my loss. Im hoping gold will reach 1900 soon...
  • #10,179
  • Sep 16, 2011 6:32am Sep 16, 2011 6:32am
Quoting Warwick
The market said back at ya.
  • #10,180
  • Sep 16, 2011 6:32am Sep 16, 2011 6:32am
Quoting tuba84
I hope so !

Had 2 strong up signals at ressistance level of around 1764, its looks similar to "head and shoulder" formation

But im waiting for about 1805 level for long and will close my short positions
Goodluck
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