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

  • #13,201
  • Nov 16, 2011 8:18am Nov 16, 2011 8:18am
Quoting Sreym33
Edit: If price holds where it is at 1755 then I think we will see 1850 before Friday. fingers crossed, that would be a nice trade.
price held - up to 1771-maybe a 'key reversal' day... new low and new high? If prices breaches 1785 today and continues upward tomorrow, we're on our way.
  • #13,202
  • Nov 16, 2011 8:22am Nov 16, 2011 8:22am
that would be a nice trade, up to 1800.
i am long at 1760.
how much is your sl guys?
  • #13,203
  • Nov 16, 2011 8:56am Nov 16, 2011 8:56am
Quoting stevebalmmer
that would be a nice trade, up to 1800.
i am long at 1760.
how much is your sl guys?
Nice
Life's a bitch....so be a dog and cover it!
  • #13,204
  • Nov 16, 2011 9:24am Nov 16, 2011 9:24am
How are you guys trading gold at the moment in this choppy environment?
  • #13,205
  • Nov 16, 2011 11:29am Nov 16, 2011 11:29am
i short @ 1775.20

t/p 1765.00

s/l 1781.00

ADD: Just a scouting. Let me see how far it works out.
  • #13,206
  • Nov 16, 2011 12:16pm Nov 16, 2011 12:16pm
http://upic.me/show/30291850http://upic.me/i/3l/17-11-25540-11-40.png

down 1751 1730
  • #13,207
  • Nov 16, 2011 1:15pm Nov 16, 2011 1:15pm
H1 gold appears to be forming a bit of a downward channel, small, yet respected as of yet, most, likely waiting for the next support / better price to venture in.

Keep in mind this is just one of many down channels that has formed inside the larger weekly uptrend channel.

Which now we are despite 2 spinning tops and an indecisive candle, the price still sits atop the channnel (weekly).

Still looking for 2k before year/ quarter end.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #13,208
  • Nov 16, 2011 3:41pm Nov 16, 2011 3:41pm
Quoting XTrade
H1 gold appears to be forming a bit of a downward channel, small, yet respected as of yet, most, likely waiting for the next support / better price to venture in.

Keep in mind this is just one of many down channels that has formed inside the larger weekly uptrend channel.

Which now we are despite 2 spinning tops and an indecisive candle, the price still sits atop the channnel (weekly).

Still looking for 2k before year/ quarter end.
thats the thing bout gold, will it really reach that high? if i may ask x,what makes u think it would reach that high?

thx
Have I got something on my face, SOLDIER?
  • #13,209
  • Nov 16, 2011 5:16pm Nov 16, 2011 5:16pm
It is simply a number. Not magical by any means.

It is a landmark due to the fact that ONE SINGLE OUNCE of Gold purchased in the correction of 2007 Has already added / doubled in price from appx 700 to 1700.

2000 will make the gains on one ounce 700 - 1300 USd profit.

2000 is the next large psychological number people large and small are Gunning for.

It is in line, and we are not far.

What happens when we get there will rely on how we get there. Fast, slow, medium,

If it is a fast run, there will likely be some anxiously waiting gold shorts.


Yet as we have pared gains in the 100s time and time again, 2000 will likely get pared as well.

We are in a 10 year bull market, it's not going to stop just "cause it went up"

The global financial health is lousy, unemployment is high. THere are plenty of other problems such as the basic ownership of the US by China.

Even through all the turmoil many Americans still can't stop living above their means, going further into debt. And Uncle Sam just prints the problem away!!!

But young friend, it is not just the US, this is worldwide. Look at the Eurozone. Germany is probably DYING to take Greexe off the Euro, yet everything has affects.

Things are not getting realistically better until MANY MANY, things happen.

We are a stonesthrow from 2k. It will happpen.

Quoting bumapatria
thats the thing bout gold, will it really reach that high? if i may ask x,what makes u think it would reach that high?

thx
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #13,210
  • Nov 16, 2011 5:21pm Nov 16, 2011 5:21pm
Quoting XTrade
It is simply a number. Not magical by any means.

It is a landmark due to the fact that ONE SINGLE OUNCE of Gold purchased in the correction of 2007 Has already added / doubled in price from appx 700 to 1700.

2000 will make the gains on one ounce 700 - 1300 USd profit.

2000 is the next large psychological number people large and small are Gunning for.

It is in line, and we are not far.

What happens when we get there will rely on how we get there. Fast, slow, medium,

If it is a fast run, there will likely be some anxiously waiting gold...

some confidence mate! .

well since gold is a safe haven considered asset, wouldnt people not have the required funds to invest or less people can invest in gold? when the world crashes dont people start selling to liquidate investments in sure of not losing anymore? of course its a bull market, look at the charts, its a straight line up! im not sayign a bear reversal to drive it down low. im just thinking like dont people liquidiate investments to make sure of the value it has and not possibly lose more? or is it the other way around? didnt gold drop in the 2008 crisis/

please expplain x.

ill try to post some cycles on gold after
Have I got something on my face, SOLDIER?
  • #13,211
  • Nov 16, 2011 5:34pm Nov 16, 2011 5:34pm
we are still in the bear cycle on my chart, but alas we got some now, enjoy this chart . 225 period of venus pluto has been the natural harmonic for gold for a very long time.

if i had a bgiger account i would love to trade the cycles!

enjoy


important astro dates soon. real soon. ill post them next after this post.
Attached Image (click to enlarge)
Click to Enlarge Name: concepts.gif Size: 29 KB
Have I got something on my face, SOLDIER?
  • #13,212
  • Nov 16, 2011 5:37pm Nov 16, 2011 5:37pm
Quoting bumapatria
some confidence mate! .

well since gold is a safe haven considered asset, wouldnt people not have the required funds to invest or less people can invest in gold? when the world crashes dont people start selling to liquidate investments in sure of not losing anymore? of course its a bull market, look at the charts, its a straight line up! im not sayign a bear reversal to drive it down low. im just thinking like dont people liquidiate investments to make sure of the value it has and not possibly lose more? or is it the other way around? didnt...
Ask your self why the Germans wouldn't allow for their gold reserves to be tapped for the Greek bailout, or why Venezuela is hording their gold, why China is making the biggest bullion buy up in history or why CB's are increasing their gold reserves.

You think these prices scare the Worlds biggest powers. Just saying mate, don't listen to the retic and those with their heads in the sand. You know how many people were laughing at gold when it hit $900. Follow the money and the powers...CB's...= Central Banks

This has been written in history before, its just another chapter of a story already told.

I am LONG gold until the sun stops setting. I do short the occasional trends though...hahahaha
  • #13,213
  • Nov 16, 2011 5:47pm Nov 16, 2011 5:47pm
tommorow we have a crescent waning moon. lunar cycles are proven good on currencies, never tried actual dates on gold, but it affects currencies, it should affect gold. and here are past dates in relation to gold, looks reasonable enough to me

i think best to long gold either today or tommorow.

i included some nto all dates, in between, that would clutter the chart. from what i see the new moon and full moon have most effect, (of course) as they represent a new cycle and the end of it.

enjoy gold hunters!
Attached Image (click to enlarge)
Click to Enlarge Name: full moon.gif Size: 19 KB
Have I got something on my face, SOLDIER?
  • #13,214
  • Nov 16, 2011 5:49pm Nov 16, 2011 5:49pm
Quoting chodd22
Ask your self why the Germans wouldn't allow for their gold reserves to be tapped for the Greek bailout, or why Venezuela is hording their gold, why China is making the biggest bullion buy up in history or why CB's are increasing their gold reserves.

You think these prices scare the Worlds biggest powers. Just saying mate, don't listen to the retic and those with their heads in the sand. You know how many people were laughing at gold when it hit $900. Follow the money and the powers...CB's...= Central Banks

This has been written in history...
dammit i never thought it was that simple. forgive my 14 year old mind, im new 2 gold

I seriously feel like longing tommorow... must resist...
Have I got something on my face, SOLDIER?
  • #13,215
  • Nov 16, 2011 5:56pm Nov 16, 2011 5:56pm
Good questions. One thing you are referring to liquidating a losing position.
Which is PRECISELY why Market Makers make so much money.

There was a fellow in here the other day (a regular) pardon me that I cannot remember the handle.

However, He had multiple long positions - I think the highest one was 1750 or 1780 -

WHICH

he HELD all the way DOWN from 1750 thru the dip to appx 1600.

Now the positions are all in profit. If you are position trading and want to hold for a long time, entry decreases in importance while margin and open positions increase.

It would not be unusual to have a 150 USD stop loss for a position trade in fact it could be bigger, if you want to ride the market for a profit of several 100s sometimes entry is the key and others, money management (well that's always important)

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

Bottom line he stuck it out, while he could have just clicked and lost 1000s
Why would one do this? They have a strong bias and have done analysis to back up their trading plan.

I am not saying set such a wide stop or that one should always cut losses.
It was a well played move. A better entry would have been ideal yet nevertheless the trades were winners!

By this time depending on the broker and the size of his positions, I would say if they were large to semi large, the MM would have offset the trade against someone in their network or put it against another customer so they don't lose.

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

Not sure what to say here, on the othet part of your question. It depends on what kind of trader you are/////

If you day trade and your timer rings 10 to 5 you will close ALL OPEN POSITIONS no matter what.------Win or lose, then tally up the days P&L.

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

The people you are thinking of are small if not non traders that see something on the news "Gold We Buy" they scrounge around and maybe make a couple hundred bucks while being taken on the true price.

No one, moving any kind of serious money in Gold would set foot in a $ for Gold. A Coin shop is another story. THen just as fast as the entered the market they are now OUT.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #13,216
  • Nov 16, 2011 5:59pm Nov 16, 2011 5:59pm
14 eh...ok Not sure I by that. Maybe a front! I've seen too many of your posts to see a 14 yr old with the controls.

FYI, I didn't see where I said it was simple. You stated there was confidence in the other post. I stated to you why I'm confident. I could be totally wrong as I have been many times before.

So I ask the question to you Mr 14 yr old mind, why do you think those parties are buyers right now? Why would they be confident?
  • #13,217
  • Nov 16, 2011 6:01pm Nov 16, 2011 6:01pm
Quoting XTrade
Good questions. One thing you are referring to liquidating a losing position.
Which is PRECISELY why Market Makers make so much money.

There was a fellow in here the other day (a regular) pardon me that I cannot remember the handle.

However, He had multiple long positions - I think the highest one was 1750 or 1780 -

WHICH

he HELD all the way DOWN from 1750 thru the dip to appx 1600.

Now the positions are all in profit. If you are position trading and want to hold for a long time, entry decreases in importance while margin and open positions...
thanks so much x.
Have I got something on my face, SOLDIER?
  • #13,218
  • Nov 16, 2011 6:05pm Nov 16, 2011 6:05pm
Quoting chodd22
14 eh...ok Not sure I by that. Maybe a front! I've seen too many of your posts to see a 14 yr old with the controls.

FYI, I didn't see where I said it was simple. You stated there was confidence in the other post. I stated to you why I'm confident. I could be totally wrong as I have been many times before.

So I ask the question to you Mr 14 yr old mind, why do you think those parties are buyers right now? Why would they be confident?
basically to me the CB's institutions and hedge funds,etc, would more likely be long on gold, rather than short on it. USD bulls are just what makes it drop a tad bit. true, if there were any gold bears would make a reversal and drop the whole value at least significantly. to me that operation twist was a minor reversal, and jsut a retracement... hard for me to believe ive not been watching long term gold PA. what i can see is bull bull bull. to me they (the big boys) are the market movers, and im sure they have analyzed the situation throughout, used past data and see how the growth of gold is at different occassions, etc etc etc...

i swear in fundies ud have to talk to the other 14 year old. pbh, aka pedro, my buddy. im just a PA guy.
talking PA gold just drops not because of sellers, but more on driving Price down so that buyers can buy at a better price, then it just reverses up, so really, its to get a good price to long. always been that way in gold i guess.

but im newb and stuped in gold so im not much to talk about the whole subject
Have I got something on my face, SOLDIER?
  • #13,219
  • Nov 16, 2011 6:21pm Nov 16, 2011 6:21pm
When the price rises the bulls have won and the instrument is in demand.
When the price falls the Bears have one the battle.
When the price moves sideways no one wins.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #13,220
  • Nov 16, 2011 6:52pm Nov 16, 2011 6:52pm
Quoting bumapatria
basically to me the CB's institutions and hedge funds,etc, would more likely be long on gold, rather than short on it. USD bulls are just what makes it drop a tad bit. true, if there were any gold bears would make a reversal and drop the whole value at least significantly. to me that operation twist was a minor reversal, and jsut a retracement... hard for me to believe ive not been watching long term gold PA. what i can see is bull bull bull. to me they (the big boys) are the market movers, and im sure they have analyzed the situation throughout,...
Spoken like a true teenager...well thought out with some real insight.

Seriously though, whats with claiming to be young...you bored or something? Undercover cop after pediphiles? If so...no mercy...capital punishment...to the max.
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