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

  • #10,201
  • Sep 16, 2011 12:37pm Sep 16, 2011 12:37pm
Quoting MapleLeaf
These murrey math lines are truly amazing.. I posted some charts before and here we go again.
Hi mapleleaf,

Interesting study indicator for me. It could help me pick a good entry spot if I use that as an indicator for buying with the trend and taking profit at good areas.

If possible, could you please tell me how exactly you use murray math? How is the indicator derived, etc.
Trends I Love Finding
  • #10,202
  • Sep 16, 2011 12:42pm Sep 16, 2011 12:42pm
Quoting SunTrader
My reason for saying "hardly" to the question whether it was a good time/level to buy was because Gold was already down -1% for the day and the day is far from done. Better to wait to see where the close is.

Also fib related daily, weekly and monthly pivot numbers I have all line up in the 1764.40 - 1767.90 area that I'm expected to possibly see - soon.
Good job! You came very close to nailing the turn on the dot or is that line. Can you post your charts with the fibs on it (daily, weekly, monthly)?
Thanks for posting your numbers.
  • #10,203
  • Sep 16, 2011 12:56pm Sep 16, 2011 12:56pm
One more dip to 1780.77 is likely followed by a grind higher to 1819.27. After which it can resume its downtrend. Warning: Imminent end of bearish move. Elliott: elongated flat correction down 1770.12. Closing: 1788.62. Pivot: 1796.10.
  • #10,204
  • Sep 16, 2011 1:34pm Sep 16, 2011 1:34pm
SUPPORT SUPPORT SUPPORT ! We are finishing the week with a good comeback. Here is a good news today for most of us long term bulls :

UPDATE 1-China sets national gold standard - Xinhua



* Sets national gold standard at 99.999 pct purity
* New standard conforms to international requirements
* Move expected to accelerate opening up of gold trading


By Fayen Wong and Lewa Pardomuan


SHANGHAI/SINGAPORE, Sept 16 (Reuters) - China has set its first national standard for gold at 99.999 percent purity, state media Xinhua reported on Friday, citing the National Gold Standardisation Technical Committee.
The national standard, which is in line with requirements for gold bars set by the London Bullion Market Association, is seen by industry observers as another step towards liberalisation of the country's booming gold sector, paving the way for the opening up of a physical trading market in future.


http://af.reuters.com/article/metals...7KG1IG20110916
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #10,205
  • Sep 16, 2011 1:50pm Sep 16, 2011 1:50pm
Quoting topedge
Good job! You came very close to nailing the turn on the dot or is that line. Can you post your charts with the fibs on it (daily, weekly, monthly)?
Thanks for posting your numbers.

The numbers I have are spreadsheet derived which I print out each day. My post from the other day was referencing numbers for trade on Weds of: daily 1767.75, weekly 1765.05 and monthly 1767.90.

Price never hit them that day.

I actually had the wrong number for the monthly slot. The correct level is 1760.35

But after the close yesterday the new daily number for today became 1764.45 which together with the ongoing weekly and correct monthly #'s came together as a nice tight range of 1765.05 - 1760.35.

Here is a chart showing a few more fibs in that zone including a neat one which is (hard to see with the overlap) 61.8% retracement of the percent move of the previous swing - not the price move. I have never seen another software offer that option nor a trader other than Robert Miner (developer of Dynamic Trader) teach it.
Attached Image (click to enlarge)
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  • #10,206
  • Sep 16, 2011 1:51pm Sep 16, 2011 1:51pm
Details of lawsuit against JPM.....

http://kingworldnews.com/kingworldne...s_Exposed.html

beeb
  • #10,207
  • Sep 16, 2011 2:04pm Sep 16, 2011 2:04pm
Quoting beeb
Details of lawsuit against JPM.....

http://kingworldnews.com/kingworldne...s_Exposed.html

beeb

Still I remain short.... their greed and callous nature PALES in comparison to the silver cult/bugs out there.

(no harm Intended)

  • #10,208
  • Sep 16, 2011 2:20pm Sep 16, 2011 2:20pm
http://www.nypost.com/p/news/busines...MK7mb1uJeVHb0O
  • #10,209
  • Sep 16, 2011 2:37pm Sep 16, 2011 2:37pm
Quoting SunTrader
http://www.nypost.com/p/news/busines...MK7mb1uJeVHb0O

Suggest listening to BOTH his interviews on KWN instead - v interesting stuff....

beeb
  • #10,210
  • Sep 16, 2011 3:03pm Sep 16, 2011 3:03pm
Quoting beeb
Suggest listening to BOTH his interviews on KWN instead - v interesting stuff....

beeb
I remember hearing an interview with Andrew Maguire where he was saying half jokingly and half serious that nobody wanted to fly on a plane with him. He's definitely rattled some cages.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #10,211
  • Sep 16, 2011 3:11pm Sep 16, 2011 3:11pm
Quoting LasVahGoose
I remember hearing an interview with Andrew Maguire where he was saying half jokingly and half serious that nobody wanted to fly on a plane with him. He's definitely rattled some cages.

Our Andrew is a consummate cage-rattler lol



beeb
  • #10,212
  • Sep 16, 2011 4:09pm Sep 16, 2011 4:09pm
OMG, Warwick you are a Beast!

Quoting Warwick
Still I remain short.... their greed and callous nature PALES in comparison to the silver cult/bugs out there.

(no harm Intended)

  • #10,213
  • Sep 16, 2011 5:09pm Sep 16, 2011 5:09pm
Quoting Tilf
Hi mapleleaf,

Interesting study indicator for me. It could help me pick a good entry spot if I use that as an indicator for buying with the trend and taking profit at good areas.

If possible, could you please tell me how exactly you use murray math? How is the indicator derived, etc.

Sure, try to check the Murrey Math thread.. I can't find the post where they uploaded the indicator, but it's available somewhere in any of the posts. If you can't find it just let me know and I will send you the zip with the indi.
The Black Swan: The Impact of the Highly Improbable
  • #10,214
  • Sep 16, 2011 7:46pm Sep 16, 2011 7:46pm
Quoting Warwick
Still I remain short.... their greed and callous nature PALES in comparison to the silver cult/bugs out there.

(no harm Intended)

Could you tell me your Expectation from this Trade?
Short to Where?
What Price Entry?
What Price Target?
"I'm remain Short." tells me nothing.

No Offenence Intended.
Just Asking.

B
  • #10,215
  • Sep 16, 2011 7:56pm Sep 16, 2011 7:56pm
Quoting Ravissek
Heh.Bad LOss? I have -7500 pips on gold
Ok I'll do the math.
IF you are actually Down 7,500 Pips on Gold then You Sold 1 Lot @ roughly 1,000.
Or you sold a bunch above there. {we need to talk...}

Problem here.
If you have been Trading since Gold was @ 1,000 Then you should know better.

On the other hand, perhaps you are Trading a Mini Account or Micro or Micro Mini.

All we can do is guess.

(I don't like guessing.)
Detals Please.
Date Sold = ....
Lots = ...
Filled at = ....

B
  • #10,216
  • Edited 4:32am Sep 17, 2011 4:19am | Edited 4:32am
Gold – Bias (W1): Bullish; Bias (D1): Uncertain; Bias (Overall): Uncertain


http://lcchong.files.wordpress.com/2...ng?w=877&h=397

http://lcchong.files.wordpress.com/2...ng?w=877&h=398
  • #10,217
  • Sep 17, 2011 4:20am Sep 17, 2011 4:20am
ok, i got my 20 pips on my last trade.

entered 1783, exit 1803 = + 20 pips.

another long entered at 1805. stop at 1785 . presently about + 5 pips in profit.
  • #10,218
  • Sep 17, 2011 5:09am Sep 17, 2011 5:09am
Quoting whatfx
ok, i got my 20 pips on my last trade.

entered 1783, exit 1803 = + 20 pips.

another long entered at 1805. stop at 1785 . presently about + 5 pips in profit.
entered at 1786. when it reached 1796 i put a trailing stop and added another. when both positions reached 1806 i put a trailing stop on the second and added a third. when they reached 1812, trailing stop on the third and added a fourth ... then trailing stop when it reached 1821.

all trailing stops were triggered.. 3 at profit 1 at breakeven (at 1812.50)

added another position at 1809. then added another at 1806.
  • #10,219
  • Sep 17, 2011 5:16am Sep 17, 2011 5:16am
Quoting Bemac
Ok I'll do the math.
IF you are actually Down 7,500 Pips on Gold then You Sold 1 Lot @ roughly 1,000.
No.

1 Pip is 0.01$/oz, so 7500 Pips are 75$/oz. If he bought at 1885 and now it is down at 1810 then this would be 7500 Pips.

And it has nothing to do with how many lots he sold or bought, Pips are price difference, not a particular trader's profit or loss.
  • #10,220
  • Sep 17, 2011 5:47am Sep 17, 2011 5:47am
Quoting MapleLeaf
Sure, try to check the Murrey Math thread.. I can't find the post where they uploaded the indicator, but it's available somewhere in any of the posts. If you can't find it just let me know and I will send you the zip with the indi.
Thanks for the reply. Is it steve's thread about which you were telling me? I just opened my platform and I found I had downloaded this indicator named : #MurreyMathLines_ShowHistory

It has all the levels similar to you..is the same one? I have attached the image. Further I wanted to know if the levels keep repainting every candle? Or only repaints after a certain time?

Sorry to ask you a lot here and it is off topic too, but steve's thread rules confused me a lot. You have been using them so you must be good with it.
Attached Image (click to enlarge)
Click to Enlarge Name: MM.gif Size: 17 KB
Trends I Love Finding
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