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

  • #14,281
  • Dec 13, 2011 2:29pm Dec 13, 2011 2:29pm
Quoting khan101
yup
Dont think euro will hold 1.30 today
Maybe, but I also don't see any reason to look for buy points right now.

Everytime I turn away and look back .... at Gold or Euro or a lot of other markets too .......... they drop some more.
  • #14,282
  • Dec 13, 2011 2:34pm Dec 13, 2011 2:34pm
Quoting SunTrader
Maybe, but I also don't see any reason to look for buy points right now.

Everytime I turn away and look back .... at Gold or Euro or a lot of other markets too .......... they drop some more.
Absolutely right.
Major players are out this time of year so we can expect its difficult to find reversal once a move grips
  • #14,283
  • Dec 13, 2011 2:38pm Dec 13, 2011 2:38pm
GTG for now . my advice for now is to keep shorts and wait for profits

I dont see gold 200 dma holding . not even till asian session . BTW gold completely ignored the 1636 fib support
  • #14,284
  • Dec 13, 2011 2:41pm Dec 13, 2011 2:41pm
i am short too, and wait of a long good buy signal.1500 to go 1900?
Quoting khan101
Absolutely right.
Major players are out this time of year so we can expect its difficult to find reversal once a move grips
  • #14,285
  • Dec 13, 2011 2:45pm Dec 13, 2011 2:45pm
Quoting khan101
Absolutely right.
Major players are out this time of year so we can expect its difficult to find reversal once a move grips
Here in US major players are at their desks till at least mid next week.

Reason why I don't see a reversal, other than a bounce or two, is selling isn't done as shown by PA. Any buying will be met and overwhelmed with more selling.
  • #14,286
  • Dec 13, 2011 2:46pm Dec 13, 2011 2:46pm
Quoting stevebalmmer
i am short too, and wait of a long good buy signal.1500 to go 1900?
Good

I don't know why everyone is after golds 2000$ move it can very well go to 1080 and still be in a bull run . Many will agree what happens here is always opposite to what general public thinks . So beware

I have been shorting all this rally since it started but i am quick to take profits in my personal accounts
I will be looking to short again between 1635 - 1645 with stop-loss at 1654
  • #14,287
  • Dec 13, 2011 2:49pm Dec 13, 2011 2:49pm
well....we hit 200ma on daily chart and support 3 at 1625.....I have open a buy for a scalp.....hopefully it is done going down....probably not with all the price action going down today.

We shall see

Should rise a bit while london unloads all their shorts
Life's a bitch....so be a dog and cover it!
  • #14,288
  • Dec 13, 2011 2:53pm Dec 13, 2011 2:53pm
Quoting SunTrader
Here in US major players are at their desks till at least mid next week.

Reason why I don't see a reversal, other than a bounce or two, is selling isn't done as shown by PA. Any buying will be met and overwhelmed with more selling.
I Think you are right Sun
Life's a bitch....so be a dog and cover it!
  • #14,289
  • Dec 13, 2011 2:58pm Dec 13, 2011 2:58pm
Quoting khan101
Good

I don't know why everyone is after golds 2000$ move it can very well go to 1080 and still be in a bull run .. So beware ......
Beware of believing that.

As many of us have said, it all depends on the timeframe that someone is trading.

If someone is trading intraday then the intraday trend is what matters.

Who here is trading on timeframe that takes into account the price level of 1080 which would mean that they time their entries and exits using a monthly chart?

No one that I've seen here on this thread.

I'm not talking buy and hold positions.

So saying above statement is less than useless.
  • #14,290
  • Dec 13, 2011 3:35pm Dec 13, 2011 3:35pm
Quoting SunTrader
Beware of believing that.

As many of us have said, it all depends on the timeframe that someone is trading.

If someone is trading intraday then the intraday trend is what matters.

Who here is trading on timeframe that takes into account the price level of 1080 which would mean that they time their entries and exits using a monthly chart?

No one that I've seen here on this thread.

I'm not talking buy and hold positions.

So saying above statement is less than useless.


Lol well briefly i meant why everyone after 2000 and not 1000 .Didn't meant its going there . and by 1080 we all know its a hard multi month bet .Btw if you see it was for steve not for you . thanks
  • #14,291
  • Dec 13, 2011 4:04pm Dec 13, 2011 4:04pm
Ok, right now is the moment when most bears re-enter the thread and say that gold with go to 1000... lol.

it goes up and down like anything in life... a few red days, doesn't mean it will go to -500. We have seen this for the last 2 years, at least.
The Black Swan: The Impact of the Highly Improbable
  • #14,292
  • Dec 13, 2011 4:25pm Dec 13, 2011 4:25pm
Quoting MapleLeaf
Ok, right now is the moment when most bears re-enter the thread and say that gold with go to 1000... lol.

it goes up and down like anything in life... a few red days, doesn't mean it will go to -500. We have seen this for the last 2 years, at least.
so true.
  • #14,293
  • Dec 13, 2011 4:29pm Dec 13, 2011 4:29pm
Quoting MapleLeaf
Ok, right now is the moment when most bears re-enter the thread and say that gold with go to 1000... lol....
LOL is right

Where have you been? Probably a month or more since you last posted. I've been here all along.
  • #14,294
  • Dec 13, 2011 5:08pm Dec 13, 2011 5:08pm
Quoting SunTrader
LOL is right

Where have you been? Probably a month or more since you last posted. I've been here all along.
I have realized I feel very very comfortable with long term trading.. letting some of my trades open for months, closing others to take profit and such.. and not checking the charts every single day or check the forums every single hour... With proper MM it is more than possible, long term trading..
The Black Swan: The Impact of the Highly Improbable
  • #14,295
  • Dec 13, 2011 5:32pm Dec 13, 2011 5:32pm
Quoting SunTrader
U.S. Dollar above 80 - near a high for the year.
Pls give us a heads up if you notice it start dropping sun.
Life's a bitch....so be a dog and cover it!
  • #14,296
  • Dec 13, 2011 5:34pm Dec 13, 2011 5:34pm
Quoting dogbreath
Pls give us a heads up if you notice it start dropping sun.
You can keep an eye on the dollar index and every other index from here:
http://www.forexpros.com/charts/real...futures-charts
  • #14,297
  • Dec 13, 2011 5:36pm Dec 13, 2011 5:36pm
Quoting Sreym33
You can keep an eye on the dollar index and every other index from here:
http://www.forexpros.com/charts/real...futures-charts
thks sreym

Rather put Sun to work
Life's a bitch....so be a dog and cover it!
  • #14,298
  • Edited 6:14pm Dec 13, 2011 5:51pm | Edited 6:14pm
FYI-interesting views.
http://goldsilver.com/video/still-bullish-on-gold/

http://www.marketwatch.com/video/ass...B-BF63C0CA76AF
  • #14,299
  • Edited 7:39pm Dec 13, 2011 6:16pm | Edited 7:39pm
I have bought Gold this Asian session off the 4 hour TF. Ent @ 1627.25

We have a capitulation low from a bear flag, that's hit a swing low. looking for 123 from here (higher low) to test 1661.

scfx
The best indicator is price.
  • #14,300
  • Dec 13, 2011 7:40pm Dec 13, 2011 7:40pm
Quoting scfx
I have bought Gold this Asian session off the 4 hour TF. Ent @ 1627.25

We have a capitulation low from a bear flag, that's hit a swing low. looking for 123 from here (higher low) to test 1661.

scfx
Stop moved to BE

scfx
The best indicator is price.
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