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

  • #10,601
  • Edited 9:07pm Sep 21, 2011 8:52pm | Edited 9:07pm
I'm watching to see what happens at here.

At supports 1774 ---- edits made to supports to accommodate lower tf

Then maybe some scalping... She looks like she wants to come down first.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10,602
  • Sep 21, 2011 8:55pm Sep 21, 2011 8:55pm
The tight range did create a bit of a trendline. If it breaks it could splash down

further.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10,603
  • Sep 21, 2011 8:56pm Sep 21, 2011 8:56pm
Buy at 1770, Buy at 39.35
  • #10,604
  • Sep 21, 2011 9:01pm Sep 21, 2011 9:01pm
Let's see if this New H1 Bar forms green.. I'll post a chart in a bit.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10,605
  • Sep 21, 2011 9:21pm Sep 21, 2011 9:21pm
Now showing my newness here....

What exactly do you mean by channels on M1?
  • #10,606
  • Sep 21, 2011 9:38pm Sep 21, 2011 9:38pm
So I am looking at your thread, it says you are 14 and your trading an account you already blew up once.

Is this correct and true?

Quoting bumapatria
ah i should have known that the rising wedge was made. is china pmi going to affect gold?

again its gold. its not working same way as currency..


yeah i guess its pushing it up.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10,607
  • Sep 21, 2011 9:53pm Sep 21, 2011 9:53pm
One piece of free advice - stop looking to scalp on M1 charts.
  • #10,608
  • Sep 21, 2011 9:53pm Sep 21, 2011 9:53pm
That's great that you say you have an interest in trading and are so young.

But this is the internet and people Lie, so do I really know? No,

There are people trading live in here and risking real money.

Trading is NOT a game of Guessing - or Hoping - either.

So I have to kindly ask you to keep the amount of posts down and don't make any wild calls especially when it's busy.

If you have never traded gold before you should go to page one and read this entire thread.

As I know you have not done. Right? Then you will likely know more about trading gold and 10 different ways to do it.

Not trying to ruin your learning but I am getting complaints the thread is getting clogged up.


Quoting bumapatria
yes. Ever since then, my discipline and mind changed. I dont know how much i was down then, but got up and learnt so much till today. I have never traded gold before, and now its just practice on demo.

Volume is exciting, and deadly.

Everyday gold on US Session, is like the eu on news events.

yes why are you asking, X?

Do you have good advice about gold? Please post on my thread

XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10,609
  • Sep 21, 2011 10:10pm Sep 21, 2011 10:10pm
Quoting bumapatria
gold scalps long closed with 3 bucks profit.

One thing i learnt about gold is the importance of TP for scalpers.

scary.. i need some advice from the experts on this thread, and asking them to post it on my thread if they have the time as educational advice for me.

Always, any help is welcome from anyone, and is greatly appreciated.

Im new to gold, and would appreciate any help i recieve.
get to know what the market is telling you and develope an understanding of cycles whithin trends for your 1st 10,000 hrs of screen time is your first assignment.
Try to develop Jesse's mind set read Reminiscenses of a Stock Operator as part of your assignment.
cheers
  • #10,610
  • Edited 11:19pm Sep 21, 2011 10:41pm | Edited 11:19pm
Quoting lilpip
will ny decide to 2nd the motion as it decides direction from pivots ?
wed.daily
1845
1803
1762
wed.slvr
41.16
39.99
38.82
weekly trend guide is 1830.
wed. ny did not 2nd the motion but droped below trend guide and did not give hardly anytime to flip as 1803 was tested for move south but she gave a 2nd chance as she retested again hitting tue. pivot 1795 within the hour.
We will probably see the retest of our monthly pivot 1758 and with the new quarter coming up it is a normal pattern to rotate back to quarterly support after reaching extended yearly highs area 1936. (although not the end of this quarter but as of today to give ballpark $1663).
thur. daily
1822
1790
1759
tue silver dropped below its monthly pivot 40.25 the same time gold retested 1795 after her drop from 1803 .
thur. silver
40.81
39.82
38.86
  • #10,611
  • Sep 21, 2011 10:49pm Sep 21, 2011 10:49pm
Agreed. Sounds accurate.

annnnd current H1 turns up.


Quoting lilpip
wed. ny did not 2nd the motion but droped below trend guide and did not give hardly anytime to flip as 1803 was tested for move south but she gave a 2nd chance as she retested again hitting tue. pivot 1795 within the hour.
We will probably see the retest of our monthly pivot 1758 and with the new quarter coming up it is a normal pattern to rotate back to quarterly support after reaching extended yearly highs area 1936.
thur. daily
1822
1790
1759
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10,612
  • Sep 21, 2011 11:15pm Sep 21, 2011 11:15pm
grabbed 1775 area for scalp.

Looking for a simple test of 1785 / 1796 / 1800

we need to take out 1812/ for the upside.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10,613
  • Sep 21, 2011 11:21pm Sep 21, 2011 11:21pm
hello traders,

anyone trade silver?

give it a silver trade strategy?

what you say about the next days, are long or short in silver?
regards steve
  • #10,614
  • Sep 21, 2011 11:30pm Sep 21, 2011 11:30pm
Quoting stevebalmmer
hello traders,

anyone trade silver?

give it a silver trade strategy?

what you say about the next days, are long or short in silver?
regards steve
Been posting the line up from my angle.
bias is down from pivot however watch pa and candle formations for directions by levels. mind your mm.
  • #10,615
  • Sep 21, 2011 11:37pm Sep 21, 2011 11:37pm
Demand zone for gold. will probably look for 790 for target.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 20 KB
Have I got something on my face, SOLDIER?
  • #10,616
  • Sep 21, 2011 11:37pm Sep 21, 2011 11:37pm
hy , i dont what you say?

Quoting lilpip
Been posting the line up from my angle.
bias is down from pivot however watch pa and candle formations for directions by levels. mind your mm.
  • #10,617
  • Sep 21, 2011 11:44pm Sep 21, 2011 11:44pm
I'm seeing some posts that intimate to me reluctance to Switch Sides.

We are All a Team of One! Maintain fluidity.

B
  • #10,618
  • Sep 21, 2011 11:48pm Sep 21, 2011 11:48pm
Nobel flunkys
Inserted Video
  • #10,619
  • Sep 22, 2011 12:19am Sep 22, 2011 12:19am
Market Chasers?
  • #10,620
  • Sep 22, 2011 4:09am Sep 22, 2011 4:09am
a good opportunity to short sell gold should be up soon. this is a H4 XAUUSD chart.

http://img12.imageshack.us/img12/503...h422092011.png
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