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

  • #13,301
  • Nov 17, 2011 6:58pm Nov 17, 2011 6:58pm
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scalping
  • #13,302
  • Nov 17, 2011 7:03pm Nov 17, 2011 7:03pm
Quoting redsword11
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scalping

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  • #13,303
  • Nov 17, 2011 7:06pm Nov 17, 2011 7:06pm
Quoting XTrade
Gold should be rising. This is odd.....

When these dips cool off I'm in. ...
Me too. My Buy Limit shows on this pic.
Buy Stop Twice the amount I am IN Already. Yeah Yeah. I'm the guy that says CLOSE beyond = Proof & I bought before it closed.
Look where I am at now.

Wooaaaahhh Big Fella.... Ain't that a little Risky?
Only if you Dive into your opening Trade with Max Lots allowed. I never do. I always send out a Scout.
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But I won't panic.

If my Buy stop triggers & I happen to be correct on this Trade, I have only exposed 30% of the Total of what I am willing to Risk on it.

I'm a Term Trader. I (mostly) always check for Nibbles before I look for Bites.
Nibbling costs me less cargo.
GOLD Daily
  • #13,304
  • Nov 17, 2011 7:46pm Nov 17, 2011 7:46pm
with drop from daily pivot 1764 and breakout of daily lows (1734), will be looking at response of retest 1734 area.
Bias is down from daily pivot 1742 and eyes will be extra open to price action and candle formations on the 5 min. at daily lows area 1699 for rotation back to daily pivot or thurs breakout 1734.
fri daily
1785
1742
1699
  • #13,305
  • Nov 17, 2011 8:05pm Nov 17, 2011 8:05pm
Quoting lilpip
with drop from daily pivot 1764 and breakout of daily lows (1734), will be looking at response of retest 1734 area.
Bias is down from daily pivot 1742 and eyes will be extra open to price action and candle formations on the 5 min. at daily lows area 1699 for rotation back to daily pivot or thurs breakout 1734.
fri daily
1785
1742
1699
Cool: we are reasonably close but I don't know why.
Politely asking that you Post a Chart showing your S/R Pivots with a link to the Indi Download.

Please.
BMc
  • #13,306
  • Nov 17, 2011 8:21pm Nov 17, 2011 8:21pm
Turn Auto Scroll OFF.
Grab & Drag the tiny Red Triangle just above the "Date Time" scale and way on the Left of your screen.
Drag it to Your Pont of Intrest.
Hit the + key.
Try it out.
  • #13,307
  • Nov 17, 2011 8:35pm Nov 17, 2011 8:35pm
Quoting Bemac
Cool: we are reasonably close but I don't know why.
Politely asking that you Post a Chart showing your S/R Pivots with a link to the Indi Download.

Please.
BMc
I dont know how to post my chart and theres nothing on them just a bare chart.
If I did have or was able to I would have an overlay of daily , weekly, monthly, quarterly, and yearly highs ,pivot and lows as I would have extra interest by these levels and would be watching candle formations around those areas. All along keeping in mind the stronger timeframe and where we are at within the cycles. However I pretty much remember the timeframe levels. (see jessie livermore,memoirs stock operator paying attention to price)
Also maybe a glance at the 4hr.
What is indi download ?
  • #13,308
  • Nov 17, 2011 9:33pm Nov 17, 2011 9:33pm
Hey Lilpip,

Perhaps Bemac is clear with that explanation, but it would be extremely helpful if you learned to post a chart (SnagIt is an excellent program I would recommend that you can try out for free) so we can clearly see from where you derive your numbers. Perhaps there are other freeware programs. Basically you can capture a selection of your chart.

Even taking the time to clearly explain what each number is that you list would be helpful for me. I have read books and generally understand your terminology, but I'm not 100% clear without being able to visualize how you are using these terms.

Taking the time to explain your methods once would make a world of difference. For example, when you start with daily pivot at 1764, then refer to daily pivot at 1742, I'm not clear.

Indi refers to an indicator, I believe. He is asking you to upload your indicator, if you are using one to derive your numbers. Correct me if I'm wrong, Bemac.

Best case scenario, you can post a chart/charts with little arrows and notes that show where you get your numbers.

Cheers
  • #13,309
  • Nov 17, 2011 10:09pm Nov 17, 2011 10:09pm
Quoting Wheels
Even taking the time to clearly explain what each number is that you list would be helpful for me.
Taking the time to explain your methods once would make a world of difference. For example, when you start with daily pivot at 1764, then refer to daily pivot at 1742, I'm not clear.
Indi refers to an indicator, I believe. He is asking you to upload your indicator, if you are using one to derive your numbers.
As posted previously,I use the floor traders pivot using the h/l/close of last 3 timeframes except on the daily I use 5 days also.
As time moves forward we have a new h/l/close so thurs.pivot or trend guide was 1764, fri. is 1742.
The weekly timeframes trend guide or pivot is 1742 also which forms a good resistance so bias is down from their. However we will watch the candle formations on the 5 min. to verify yesterdays (daily low break area 1734 -42 area resistance and fri. daily lows 1699 area support).
No indicators as they lag and tell me what I already see although I would have them used to program an ea in automated trading.
  • #13,310
  • Nov 17, 2011 10:09pm Nov 17, 2011 10:09pm
Hi frnds,

I am risking with a small short @ 1723 (i regard a good resistance around 1726)

t/p: 1705

s/l: 1730
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  • #13,311
  • Nov 17, 2011 10:16pm Nov 17, 2011 10:16pm
Quoting FX Tsunami
Hi frnds,

I am risking with a small short @ 1723 (i regard a good resistance around 1726)

t/p: 1705

s/l: 1730
careful buddy u got untested support up there and THAT coukd be the resistance u want
Have I got something on my face, SOLDIER?
  • #13,312
  • Nov 17, 2011 10:29pm Nov 17, 2011 10:29pm
Where do you guys see gold heading?
Is it going up or is it going down, i feel it will go down further, please give your input
  • #13,313
  • Nov 17, 2011 10:43pm Nov 17, 2011 10:43pm
Quoting bumapatria
careful buddy u got untested support up there and THAT coukd be the resistance u want
True. That is the reason i went for smaller lots.

Could not keep myself out of it buddy
  • #13,314
  • Edited 11:03pm Nov 17, 2011 10:45pm | Edited 11:03pm
Quoting forexfacts
Where do you guys see gold heading?
Is it going up or is it going down, i feel it will go down further, please give your input
Her sister might give us a clue.
Bias is down from quarterly pivot 35.15 and thurs. drop from weely pivot 33.82 and break of weekly lows 31.58 watch how they both respond during retest of 31.58.
Slow move up to and move off is noted.
fri. daily
34.44
32.52
30.60
  • #13,315
  • Nov 17, 2011 10:53pm Nov 17, 2011 10:53pm
Got some god damn work. Need to move out.

Hope to see a green light in account history when i'm back. Since i'm moving out, i've shifted my t/p a little above to 1710.00

Happy trading all
  • #13,316
  • Nov 17, 2011 11:24pm Nov 17, 2011 11:24pm
OMG! it might drop until 1700. look at the daily chart and trend line

better off to trade for awhile and waiting..until monday perhaps
  • #13,317
  • Edited 1:39am Nov 18, 2011 12:43am | Edited 1:39am
Quoting forexfacts
Where do you guys see gold heading?
Is it going up or is it going down, i feel it will go down further, please give your input
if you Fib from nov1 to nov7- gold today has touched the 75% line to the point, which has been a pretty reliable pattern for bottoms when it touches the line twice or three times which such accuracy. I anticipate some consolidation between 1750 and 1725 for the next few days before regaining some strength. Also, stochastic is moving quickly into the oversold area and the 4hr has already turned up.

In truth though, it does not really matter what any of us here THINK about which direction it will go, the only opinion would be the 1% of people who actually move these markets so all we can go by is what is on the charts.

If gold is again resuming an uptrend, look for 1741 in the near term. pullback to 1725-1731 and then off to 1754-60. 1770 should be in our sights by this time next week or sooner. Of course, and this goes without saying... this could all change with a big move either way by the 1%.
  • #13,318
  • Nov 18, 2011 5:26am Nov 18, 2011 5:26am
Hello everyone,
do u know any broker/charting platform (ideally MT4) that offers gold/silver/commodities historical charts ( year 2000 & prior)?

thanks!
  • #13,319
  • Nov 18, 2011 5:50am Nov 18, 2011 5:50am
Quoting supremeChaos
Hello everyone,
do u know any broker/charting platform (ideally MT4) that offers gold/silver/commodities historical charts ( year 2000 & prior)?

thanks!
hi SC:

nice to see you here. IG markets advance chart provide data back to 1980s for gold...
seeing through
  • #13,320
  • Nov 18, 2011 6:20am Nov 18, 2011 6:20am
MONDAY SILVER MARGIN growth is
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