XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 704 | Crypto Craft

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

  • #14,061
  • Dec 8, 2011 8:32am Dec 8, 2011 8:32am
Quoting Sreym33
wtf is going on?
1756 down to 1710?
where to next?

Its like Fiction in Real life

But seriously it shows how volatile any trading could be! and i still feel that gold should come down to 1650 or less to have a sustained shoot to new highs.

Just 1 cent of mine
  • #14,062
  • Dec 8, 2011 8:33am Dec 8, 2011 8:33am
Quoting Sreym33
wtf is going on?
1756 down to 1710?
where to next?
That is exactly why I have been staying hedged and not playing gold for over a month.

The speed at which the price fell by nearly 50 dollars was break neck.

Trying to guess where the price will head next is futile in these circumstances.

Making a trade now equates to willingly swimming in a pool filled with great white sharks.

Maybe you are a fast swimmer, though.
  • #14,063
  • Dec 8, 2011 8:33am Dec 8, 2011 8:33am
Quoting whatfx
well well. where are those who said revenge trading doesnt work ?


i kept hold of my short at 1435 even under adverse conditions. i was -20 pips in loss. was taking a beating. but guess what ? market falls and eventually comes my way, and now i close out my short for + 20 pips !

iam indeed, tha man.
1 trades doesn't prove anything. See after a 1000 and give me call. haha. Glad you got your money back though, it is a good feeling.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #14,064
  • Dec 8, 2011 8:38am Dec 8, 2011 8:38am
Long tym guyz hope you all are making $$$$$

Gold has behaved nicely in my opinion.respecting this triangle

Rules should be simple sell everything below 1697 and buy everything above 1758 .I have huge orders on both these levels .

Lastly this last 4h candle could very well close above 1730 it should not be considered bearish its just a range mover
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  • #14,065
  • Dec 8, 2011 8:41am Dec 8, 2011 8:41am
Quoting Sreym33
wtf is going on?
1756 down to 1710?
where to next?
after the breakout to 1756, i set a pending buy limit at 1742. jumped into profit real quick and then took my stop out even faster! oh well. all we can do is try right?
  • #14,066
  • Dec 8, 2011 8:44am Dec 8, 2011 8:44am
Quoting LasVahGoose
1 trades doesn't prove anything. See after a 1000 and give me call. haha. Glad you got your money back though, it is a good feeling.

but i have been trading gold for two years, have had all revenge trades in my favour thus far.
  • #14,067
  • Dec 8, 2011 8:47am Dec 8, 2011 8:47am
Phew.... what a morning.

I think I need a drink. (even though I don't)

Closed Silver positions.
  • #14,068
  • Dec 8, 2011 8:48am Dec 8, 2011 8:48am
Quoting USD-Bear
no that's me this time, damn should have slept half an hour longer......
Day's like this makes me think I should pay attention to the news more. haha. Looks like there is still a lot of Demand at the 1705-1710 range.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #14,069
  • Dec 8, 2011 8:52am Dec 8, 2011 8:52am
Quoting whatfx
but i have been trading gold for two years, have had all revenge trades in my favour thus far.
Well if it works for you then you an exception to rule, so exploit it.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #14,070
  • Dec 8, 2011 8:57am Dec 8, 2011 8:57am
Quoting whatfx
but i have been trading gold for two years, have had all revenge trades in my favour thus far.
Be afraid, be very afraid.

The best of the biggest that fail think that way until.......



Really, do as you wish. I have experience down that path though and happen to think differently.
  • #14,071
  • Dec 8, 2011 8:59am Dec 8, 2011 8:59am
Quoting LasVahGoose
...... Looks like there is still a lot of Demand at the 1705-1710 range.
Not much to me. Only one bounce there on a 1 minute chart - so far.
  • #14,072
  • Dec 8, 2011 8:59am Dec 8, 2011 8:59am
Quoting LasVahGoose
Day's like this makes me think I should pay attention to the news more. haha. Looks like there is still a lot of Demand at the 1705-1710 range.
ah well, holding on to my 1610 target, now just waiting for another bullshit news for next counter
Don't be a hero. Don't have an ego. Always question yourself
  • #14,073
  • Dec 8, 2011 9:00am Dec 8, 2011 9:00am
Quoting LasVahGoose
Day's like this makes me think I should pay attention to the news more. haha. Looks like there is still a lot of Demand at the 1705-1710 range.

u should with gold FA IS THE WAY TO GO when trading gold and oil too
  • #14,074
  • Dec 8, 2011 9:14am Dec 8, 2011 9:14am
Quoting kill56
u should with gold FA IS THE WAY TO GO when trading gold and oil too
Still pretty new at gold, but I am finding that it trades very nicely technically. Much nicer than the Euro for example. What a mess.
Kill the ego, or it will kill the mission.
  • #14,075
  • Dec 8, 2011 9:21am Dec 8, 2011 9:21am
Quoting AaronWard
Still pretty new at gold, but I am finding that it trades very nicely technically. Much nicer than the Euro for example. What a mess.
true but the fundy's does play a big roll it moves a lot not like befor 2008 risky but v sweet
  • #14,076
  • Dec 8, 2011 9:24am Dec 8, 2011 9:24am
Gold has been trading with EURUSD lately.
  • #14,077
  • Dec 8, 2011 9:29am Dec 8, 2011 9:29am
Quoting SunTrader
Gold has been trading with EURUSD lately.

add to it es and dow
  • #14,078
  • Dec 8, 2011 9:30am Dec 8, 2011 9:30am
What do you guys think about the politics behind all of this? Draghi shys away from bond buying, sinks the markets... Merkozy has not been doing much for the last however long and then they can swoop in and save the market later today?

Will there be a sharp reversal back up?
  • #14,079
  • Dec 8, 2011 9:48am Dec 8, 2011 9:48am
Quoting SunTrader
Gold has been trading with EURUSD lately.
Yup. I guess it is the USD suffix on both of them combined with a loss of direction by both of them. For the last couple weeks the Euro and Gold are sloppy risk on assets.
Kill the ego, or it will kill the mission.
  • #14,080
  • Dec 8, 2011 10:16am Dec 8, 2011 10:16am
1670 here we come.
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