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

  • #14,021
  • Dec 7, 2011 2:25pm Dec 7, 2011 2:25pm
ENOUGH BACK AND FORTH SQUABBLE>

PUT EACHOTHER ON IGNORE IF NEED BE OR PM EACHOTHER.

WORK IT OUT PLEASE> NOT IN THE THREAD.

THANK YOU.


The
MGMT

Now back to trading please
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,022
  • Dec 7, 2011 2:29pm Dec 7, 2011 2:29pm
Gold back in the 1740s

We are having trouble with the weekly ascending channel top bar
and horizontal resistance with

1750

A close tonight for spot above 1750 would be superb.

Aussie. Testing 1.03 area resistance to break into the next 100 pip span
and OUT of the created 100 pip range.

just re entered kiwi longs. @ .7750
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,023
  • Dec 7, 2011 2:31pm Dec 7, 2011 2:31pm
typically on an upday, the GOX is also up even if the DOW is down. today GOX is down .5% and Gold is up .7% May be a good leading indicator to a mild down move in the asian session.
price has bouced off 1742 a couple times...just took short at 1741.
  • #14,024
  • Dec 7, 2011 2:57pm Dec 7, 2011 2:57pm
Although I don't watch it closely, GOX might have been down -0.5% earlier it is now up +0.5%

edit: +1.31% on close
  • #14,025
  • Dec 7, 2011 3:17pm Dec 7, 2011 3:17pm
Quoting SunTrader
Although I don't watch it closely, GOX might have been down -0.5% earlier it is now up +0.5%

edit: +1.31% on close
wow. thanks. guess i have no valid reason to be shorting other than the mutiple bounces off current resistance. tight stop set. i will leave it on.
  • #14,026
  • Dec 7, 2011 4:02pm Dec 7, 2011 4:02pm
Hello Everbody,

I've been trading for a few months now. I wanted your opinions on keeping a position on Gold open due to the fact that we have the ECB Meeting in about 15 hours from now.

What are the expected consequences if it goes well?
What are the expected consequences if it doesn't?

I guess what I'm looking for are the possible outcomes and how they will affect Gold.

Thank you in advance!
  • #14,027
  • Dec 7, 2011 5:45pm Dec 7, 2011 5:45pm
Quoting whatfx
i have shorted again. need to recover the 4 pips i lost on the last one. GRRRR.....! i hate losing.



tp just 5 pips for now....
Disliking Losing is ok! Sweeping them into the bin without analyzing them, is not!
Chasing 4 Pips sounds Crazy to me but, then again, That's me & I'm not you.

btw...
Are we, in this thread, standardised on what decimal place "A Pip" resides?
I would much prefer that we post it in a way that there is no doubt.
{Long @ 1,722.38 . Out at 1,723.88 = Up 10 Pips}

Old And Grumpy
B
  • #14,028
  • Dec 7, 2011 8:28pm Dec 7, 2011 8:28pm
Quoting Ravissek
exactly me at the beginning " pls i need advice pls i need best indicator for trading "
i was repeating it every day.My forex starts lol
I think only useful indicator is Volume.
I dont trade with indies.
Read this and you will be good trader if you use it correctly."
This PDF will help you More than any Indicator i think =)

File format: PDF (392 pages)
File size: 52 MB
http://www.filefactory.com/file/cba0...Everything.PDF

Price is the best indicator
good resources for supply demand if someone wants to learn in starting pages of
Romancing the Price
http://www.forexfactory.com/showthread.php?t=288142
  • #14,029
  • Dec 7, 2011 9:34pm Dec 7, 2011 9:34pm
Quoting Sreym33
LOL, big boss no... always learning like everyone, but I do get it right a good % of the time. Are you out to get on my bad side Rav? I am very calm but I like to keep it strictly business for the most part. All of the religion talk and astrology and greek myths controlling the market, BP is just too much for me, that kind of shit makes me want to just abandon the thread because it wastes too much time reading thru it to get to the good posts.

And BP, as far as posting your 1 cent trades... you go ahead but I don't do that and really no one else...
Life's a bitch....so be a dog and cover it!
  • #14,030
  • Dec 7, 2011 9:38pm Dec 7, 2011 9:38pm
anyone care to speculate on where the price of gold would go if we enter into world war 3?
Life's a bitch....so be a dog and cover it!
  • #14,031
  • Dec 7, 2011 9:45pm Dec 7, 2011 9:45pm
Quoting dogbreath
anyone care to speculate on where the price of gold would go if we enter into world war 3?
Conservative - $6000/oz
Liberal - $25,000/oz
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #14,032
  • Dec 7, 2011 10:32pm Dec 7, 2011 10:32pm
An opportunity I hope that niether I, nor my hiers, are ever offered.

Bemac
BMc
Bill
  • #14,033
  • Dec 7, 2011 10:56pm Dec 7, 2011 10:56pm
Quoting Bemac
An opportunity I hope that niether I, nor my hiers, are ever offered.
I second that.
  • #14,034
  • Dec 7, 2011 11:13pm Dec 7, 2011 11:13pm
Hi XTrade,

I noticed you reading this topic and I wanted your personal opinion as to where you think GOLD is headed during the next 12-24 hours.

If you don't mind I would appreciate your input.
  • #14,035
  • Dec 7, 2011 11:14pm Dec 7, 2011 11:14pm
Back at 1736.... Not much movement past couple a days.

And silver is just riding 32.40 might be a good time to add some physical.

Seems the new price point for silver has established itself slightly above 30 bucks give or take. The days of 10 and 15 (lol used to think 15/18 was expensive for physical)
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,036
  • Dec 7, 2011 11:26pm Dec 7, 2011 11:26pm
Quoting dogbreath
anyone care to speculate on where the price of gold would go if we enter into world war 3?
Based on my predictive calculations....I'd say 349.18 per oz. :nerd:
  • #14,037
  • Dec 7, 2011 11:28pm Dec 7, 2011 11:28pm
Quoting Bemac
An opportunity I hope that niether I, nor my hiers, are ever offered.

Bemac
BMc
Bill
...thought crosses my mind every-time I delve into post war material.
  • #14,038
  • Dec 7, 2011 11:32pm Dec 7, 2011 11:32pm
Quoting Bemac
btw...
Are we, in this thread, standardised on what decimal place "A Pip" resides?
I would much prefer that we post it in a way that there is no doubt.
{Long @ 1,722.38 . Out at 1,723.88 = Up 10 Pips}
B
Pips in GOLD are calculated and relayed by most retail brokers as follows.

----> a $1.00 MOVE in GOLD up OR down = 100 pips or points whatever the broker calls it

so at 100 to 1 leverage

the calculations are as follows.

we'll use a 5 USD ($) move for an example. and I have prepared a demo with pictures to help support visually.

.01 lot (micro) x 5.00 USD move long = in profit 5.00 USD / in pips = 500
.10 lot (mini ) x 5.00 USD move long = in profit 50.00 USD / in pips = 500
1.0 lot (standard) x 5.00 USD move long = in profit 500.00 USD / in pips = 500

It just so happens my demo example is almost at - 5 USD so the two examples should settle this..

Picture 1 shows Profit in CASH
Picture 2 shows Profit in PIPS/ or POINTS (whatever the broker uses same)

See pics below and disregard the equity and balance look all the way to the left under
PROFIT and LOT SIZE

(maybe if I get bored I'll get the pics to match 5.00 USD at some point )
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Pic in cash 1.GIF Size: 29 KB
Click to Enlarge Name: Pic in pips 2.GIF Size: 32 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #14,039
  • Dec 7, 2011 11:35pm Dec 7, 2011 11:35pm
Quoting XTrade
Back at 1736.... Not much movement past couple a days.

And silver is just riding 32.40 might be a good time to add some physical.

Seems the new price point for silver has established itself slightly above 30 bucks give or take. The days of 10 and 15 (lol used to think 15/18 was expensive for physical)
BIG Smile to 'X' OPPORTUNITYISNOWHERE!

Small Downside & Larger Upside.
Trend: Up
with a little more research I discover that I'm OK Buying Gold.
Targeting 1,777.00 but won't trade it blind.
Attached Image (click to enlarge)
Click to Enlarge Name: daily dec7 north.gif Size: 24 KB

Not a Cry, just an Input
B
  • #14,040
  • Dec 7, 2011 11:58pm Dec 7, 2011 11:58pm
Hi fellow traders, I'm new to gold trading and I was interested in the XAU/USD pair, Can anyone help me with some details. I wanted to know how is the liquidity for this pair? Is it highly liquid? I also wanted to know the daily range and turnover. Thank you!
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