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

  • #12,761
  • Nov 2, 2011 11:39am Nov 2, 2011 11:39am
Quoting redsword11
Attachment


closed lower sell, out most


possible bounce here r/s


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as suggested by PA and price structure


tgs achieved
  • #12,762
  • Nov 2, 2011 12:12pm Nov 2, 2011 12:12pm
Quoting redsword11
Attachment


as suggested by PA and price structure


tgs achieved

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  • #12,763
  • Nov 2, 2011 12:57pm Nov 2, 2011 12:57pm
Quoting redsword11
Attachment
Very nice live trade
  • #12,764
  • Nov 2, 2011 1:05pm Nov 2, 2011 1:05pm
who agrees bears?

any others opinions?
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  • #12,765
  • Nov 2, 2011 1:12pm Nov 2, 2011 1:12pm
before news
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  • #12,766
  • Nov 2, 2011 2:20pm Nov 2, 2011 2:20pm
Quoting Pbh
before news
Bernanke said they want to do more easing, and will be behind our backs to be taking care of the situation.

That means, that they have reconsidered it, and that QE3 has bigger chances to take place.

This is bullish

Pbh
  • #12,767
  • Nov 2, 2011 2:31pm Nov 2, 2011 2:31pm
is that a right shoulder forming on the 30m timeframe?
  • #12,768
  • Nov 2, 2011 3:06pm Nov 2, 2011 3:06pm
neckline 1727. what is youre thaughts on this?
  • #12,769
  • Nov 2, 2011 3:38pm Nov 2, 2011 3:38pm
That is a really nice thread, i will be watching colesly from now on.
  • #12,770
  • Nov 2, 2011 7:46pm Nov 2, 2011 7:46pm
Stop at +172 pips at 1732.65
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  • #12,771
  • Nov 2, 2011 7:59pm Nov 2, 2011 7:59pm
If you are referring to the pattern above posted, by another in an H4 or Daily chart (it looks like)

Going by the book the Hand S would be complete, the neck was broken at
appx 1700/11 and the payoff around 1670 a 40 or 30 USD trade from bottom measure to neck then to top appx 1750. So complete.

However it's a bit too sloppy.

When there is a real Head and shoulders on the Higher Time frames that is going to signal a true reversal for some time ---- IF and WHEN --- we will know.

Otherwise, keep buying up those dips baby,

Fuck your 401k also take that money out and buy commodities.

Gold Silver Platinum, Oil, heck even OJ cotton and sugar.
Yes this does require timing.

I see no signs of an HS developing otherwise... In fact the Gold price action has become more aggressive on the bull side and I would say we are working our way up to a new high,

THEN,

The breach of 2k Guys and Gals!

Buy some physical too!


Quoting hermanforex
is that a right shoulder forming on the 30m timeframe?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,772
  • Nov 2, 2011 8:11pm Nov 2, 2011 8:11pm
I take it you are referring to this thread?

In any case I have noticed some newcomers to the thread and wan't to take the chance to welcome you.

Please do post and get acquainted.

Please also take a look at the first post, at this point over 12000 posts, I hope you guys will use the first post to jump around the thread a bit.

I will update it again at some point in the near future, Highlighting some of the great areas.

Welcome.
XTrade.

Quoting streamline
That is a really nice thread, i will be watching colesly from now on.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,773
  • Nov 2, 2011 8:18pm Nov 2, 2011 8:18pm
I have a neckline around 1727. Youre chart looks different to me for some reason.
  • #12,774
  • Nov 2, 2011 8:21pm Nov 2, 2011 8:21pm
Grrrraaawwaa....
the net just ate a post before I got it Posted.
30:8 Rule.
Usefull & Benificial but my time online today has expired.
Remind me tomorrow.
B
I do want to mention this though. It was in the post that dropped.
XT, y'kno I luv ya but if you ever, again, reccommend moving funds from x to FX, I'm going to have a whole bunch of questions that will require proof of value.

Humble B.
  • #12,775
  • Nov 2, 2011 8:26pm Nov 2, 2011 8:26pm
Im not saying gold is going to drop now it might drop down with a tp at 1719 however its 30m timeframe
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  • #12,776
  • Nov 2, 2011 8:34pm Nov 2, 2011 8:34pm
Quoting redsword11
Attachment
feel asleep and missed my take profit... holding on though with sell of silver also

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"Millionaires don't use astrology, billionaires do"
  • #12,777
  • Nov 2, 2011 8:55pm Nov 2, 2011 8:55pm
Bemac!
---------------------------
C'mon, repost, the "eaten post."

Quoting Bemac
Grrrraaawwaa....
the net just ate a post before I got it Posted.
30:8 Rule.
Usefull & Benificial but my time online today has expired.
Remind me tomorrow.
B
I do want to mention this though. It was in the post that dropped.
XT, y'kno I luv ya but if you ever, again, reccommend moving funds from x to FX, I'm going to have a whole bunch of questions that will require proof of value.

Humble B.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,778
  • Nov 2, 2011 9:05pm Nov 2, 2011 9:05pm
I don't have a chart, was just analyzing the posted one with black background,

Perhaps I will throw one up.

It is usually around the time when people start looking for reversals gold makes a new high, so make sure MM is adjusted accordingly and seatbelt fastened.

Quoting hermanforex
I have a neckline around 1727. Youre chart looks different to me for some reason.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #12,779
  • Nov 2, 2011 9:25pm Nov 2, 2011 9:25pm
Thanks xtrade for welcome.
  • #12,780
  • Nov 2, 2011 9:34pm Nov 2, 2011 9:34pm
To br fair this was a miserable failure and that is why using stops is necessary
almost always.

In anticipation of the FOMC, I deduced we might hear about further easing,
after correction, I thought these two factors, along with some other positive Euro (fleeting at that) news, we may get a bounce to the tune of 80 or 100 pips. Shot for 100 lost 50.

Not every trade is a winner and I feel it is equally if not better to post the losers, in an effort to see what went wrong, learn from it and NOT DO IT AGAIN, as it is the winners.

Gold chart coming up....

Quoting XTrade
Lil diperoo today on all risk. Gold, Aud, NZD, EUR, cable gave back then regained losses and pared gains....

Let's see how Asia fairs. Opening up with a close of my Cable long and buying Euro. I see a LTL rising and if it holds I expect 100 pips.

Yet, the idea is to get long AUD and NZD again for a push through resistance.

300 pips in 2 days on all aformentioned pairs..... Well it was bound for correction.

I did get caught out there on forgetting a stop on my NZD long. Oh well there was a backup, but lost 90 pips....

[b]In...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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