I'm not a gold bear, but this rising wedge makes me nervous. If we break 1648.5, 1613 is possible.
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XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #15,502
- Jan 19, 2012 10:39am Jan 19, 2012 10:39am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #15,503
- Jan 19, 2012 10:45am Jan 19, 2012 10:45am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
C'mon man are you serious>>>where do you find this shit.?
BTW it is 2012 not 1900. You are better off becoming a scuba diver and hunting lost treasure maps (sounds like fun) than reading this stuff.
Do some TA and Read some news.
C'mon B...........
price traders never do..
anyways again - lets just see where it'll be at the end of the month.
today is quite the high volume btw also moving below open - supply entering hehhee..
Have I got something on my face, SOLDIER?
- #15,504
- Jan 19, 2012 10:51am Jan 19, 2012 10:51am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #15,505
- Jan 19, 2012 10:55am Jan 19, 2012 10:55am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #15,506
- Jan 19, 2012 10:56am Jan 19, 2012 10:56am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #15,507
- Jan 19, 2012 10:58am Jan 19, 2012 10:58am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Sonny boy, I like you, but don't tell me what I will or will not get.
I enjoy your posts and opinions even your wild stuff you dig up off your late nights on the web.
Let's say I may have been at this a bit longer? Fair?
You are a budding young trader and one day may run a firm, who knows, that's why I let you back into the forum for a second time.
I don't take offense to your statement. It rolls off my shoulders.
No I will not rely on cycles of the moon to trade silver. I will rely on MYSELF as YOU SHOULD TOO!!!!!
Post what you like and always your bias, just remember not to overstep your bounds as you have before.
Okay!
verstehen?
I enjoy your posts and opinions even your wild stuff you dig up off your late nights on the web.
Let's say I may have been at this a bit longer? Fair?
You are a budding young trader and one day may run a firm, who knows, that's why I let you back into the forum for a second time.
I don't take offense to your statement. It rolls off my shoulders.
No I will not rely on cycles of the moon to trade silver. I will rely on MYSELF as YOU SHOULD TOO!!!!!
Post what you like and always your bias, just remember not to overstep your bounds as you have before.
Okay!
verstehen?
okay - we'll see x. not trying to see who's right or wrong but we'll see. this is my TA . i trade time and price. not price only . u wont get it.
price traders never do..
anyways again - lets just see where it'll be at the end of the month.
today is quite the high volume btw also moving below open - supply entering hehhee..
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #15,508
- Jan 19, 2012 11:05am Jan 19, 2012 11:05am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #15,509
- Jan 19, 2012 11:07am Jan 19, 2012 11:07am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
guess im sonnny boy
okay pappa bear - listened. will definitely be more ;discreet about such 'nonsense; and 'trash' (oh god it burns to say that )
no bounds overstepped as i see right now.
i aint telling ya to rely on some lame stuff X - i didnt ask u to believe my analaysis either. its analysis. it aint shit - its analysis. no one has to believe or trade it - just my darn sonny boy view ....
or does sonny boy need to shut up about analysis?
but X, in no way am i trying to degrade you or be more superior than you or whatever - i actually look up to you and your trades. you are far more senior in this monster of an instrument to trade. BUT sonny boy can analyze for himself - and so can pappa bear right?
dont ground sonny boy again X for his analysis...
(not mocking u calling me sonny boy - i actually found it cool. itshould be my nickname here haha - JR gives me bumpa as my nickname , thoght sonny boy might be nice )
i respect you - thats for sure. dont forget that - or mistaken that for anything else. Said with honesty
and also difference is not a bad thing - its good to see more views right? difference is good. its like a rainbow - not like some pale gray world ... hehe
and sorry if i meant anything offensive in prev. posts man
okay pappa bear - listened. will definitely be more ;discreet about such 'nonsense; and 'trash' (oh god it burns to say that )
no bounds overstepped as i see right now.
i aint telling ya to rely on some lame stuff X - i didnt ask u to believe my analaysis either. its analysis. it aint shit - its analysis. no one has to believe or trade it - just my darn sonny boy view ....
or does sonny boy need to shut up about analysis?
but X, in no way am i trying to degrade you or be more superior than you or whatever - i actually look up to you and your trades. you are far more senior in this monster of an instrument to trade. BUT sonny boy can analyze for himself - and so can pappa bear right?
dont ground sonny boy again X for his analysis...
(not mocking u calling me sonny boy - i actually found it cool. itshould be my nickname here haha - JR gives me bumpa as my nickname , thoght sonny boy might be nice )
i respect you - thats for sure. dont forget that - or mistaken that for anything else. Said with honesty
and also difference is not a bad thing - its good to see more views right? difference is good. its like a rainbow - not like some pale gray world ... hehe
and sorry if i meant anything offensive in prev. posts man
Have I got something on my face, SOLDIER?
- #15,510
- Jan 19, 2012 11:20am Jan 19, 2012 11:20am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #15,511
- Jan 19, 2012 11:26am Jan 19, 2012 11:26am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Don't take me too seriously.
For the second time today I am not the evil dictator some may think
I did not mean your analysis was shit, just a figure of speach in the question of where you found this "shit" as in stuff.
I should stop cursing in the thread. Apologies all.
Bad role model.
You are not overstepping anything, just be careful when you TELL someone who MAY or ma not know a bit more than you what they might get and not "get" K?
You do claim to be 14 so I think sonny boy is an appropriate nickname.
As far as I am concerned you are doing quite well since your return from banishment.
Now, I do not want to by ANY MEANS discourage you from posting the things you have, they are interesting. Like I said. Take it light, a deep breath and relax.
Love
Dad
:rofl
For the second time today I am not the evil dictator some may think
I did not mean your analysis was shit, just a figure of speach in the question of where you found this "shit" as in stuff.
I should stop cursing in the thread. Apologies all.
Bad role model.
You are not overstepping anything, just be careful when you TELL someone who MAY or ma not know a bit more than you what they might get and not "get" K?
You do claim to be 14 so I think sonny boy is an appropriate nickname.
As far as I am concerned you are doing quite well since your return from banishment.
Now, I do not want to by ANY MEANS discourage you from posting the things you have, they are interesting. Like I said. Take it light, a deep breath and relax.
Love
Dad
:rofl guess im sonnny boy
okay pappa bear - listened. will definitely be more ;discreet about such 'nonsense; and 'trash' (oh god it burns to say that )
no bounds overstepped as i see right now.
i aint telling ya to rely on some lame stuff X - i didnt ask u to believe my analaysis either. its analysis. it aint shit - its analysis. no one has to believe or trade it - just my darn sonny boy view ....
or does sonny boy need to shut up about analysis?
but X, in no way am i trying to degrade you or be more superior than...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #15,512
- Jan 19, 2012 11:29am Jan 19, 2012 11:29am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
lol evil dictator... please dont do this "act" it makes me shiver and piss in my pants man..
and dad - that makes me the son of the evil dictator.
dictator in training! :evil:
x - if ure with the trend (long term) how do u know when to take profits?
lets say (say...) that u bought at $500. u are now at the $1700. how would u know what to do if price never was there?
thats gold so to the evil dictator i wanna know what is up in his malicious mind
thanks in advance
and dad - that makes me the son of the evil dictator.
dictator in training! :evil:
x - if ure with the trend (long term) how do u know when to take profits?
lets say (say...) that u bought at $500. u are now at the $1700. how would u know what to do if price never was there?
thats gold so to the evil dictator i wanna know what is up in his malicious mind
thanks in advance
Have I got something on my face, SOLDIER?
Still, from the top of my head, very few would want to return to the paper, metals are still in, until at least gold see $2000, I dont have confidence in paper i dont know why but i am not able to gain any.
Maybe it is because i have been following prices during the bull run? that is 7-8 years only so i may have no taste of how dead times are?
All this time there were points when $ looked more attractive, right now it isn't, maybe it will after "if" we see gold touching $2000, maybe!
But who knows? this is my view which is not worth a penny so please do your business your own way
By the way X man you are too lenient with all of us i don't know why do you get angry at Bumapatraia so easy?
Maybe it is because i have been following prices during the bull run? that is 7-8 years only so i may have no taste of how dead times are?
All this time there were points when $ looked more attractive, right now it isn't, maybe it will after "if" we see gold touching $2000, maybe!
But who knows? this is my view which is not worth a penny so please do your business your own way
By the way X man you are too lenient with all of us i don't know why do you get angry at Bumapatraia so easy?
- #15,514
- Jan 19, 2012 12:58pm Jan 19, 2012 12:58pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Still, from the top of my head, very few would want to return to the paper, metals are still in, until at least gold see $2000, I dont have confidence in paper i dont know why but i am not able to gain any.
Maybe it is because i have been following prices during the bull run? that is 7-8 years only so i may have no taste of how dead times are?
All this time there were points when $ looked more attractive, right now it isn't, maybe it will after "if" we see gold touching $2000, maybe!
But who knows? this is my view which is not worth a penny...
he sent me a pm that he was joking. weird right? unpredictable guy..
Have I got something on my face, SOLDIER?
- #15,515
- Jan 19, 2012 1:21pm Jan 19, 2012 1:21pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
My friend it depends on what your purpose is and how you're trading.
In physical trading, you would take some profits, wait for a nice big dip or reversal and buy more at the lowest price you can find.
This will make your dollar cost average higher, yet you could also play it like this.
You take half the metal you bought at 500 and save the rest.
You take your profits and buy more again at the most favorable time. At this point you are playing with pure profit and your risk capital has already tripled in value and is safe and sound.
Buy low and Sell high.
These physical methods can be applied just the same to longer term chart trading.
------------------
If you are looking for other signals,
A. You could use fundamentals and those correlations you love so much. IE, USD rates get hiked, people buy dollars for the roll, if negatively correlated at the time Gold may fall. Exit signal.
B. Play patterns, IE a head and shoulders or a bull flag will give you a pre determined target.
C. You just stay long until you have made either a desired amount of money or the prevailing trend of 10 plus years changes.
It is not uncommon for people to hold physical gold for most of their lives, just the same you might contribute to a 401k for the 60 years you might work.
In physical trading, you would take some profits, wait for a nice big dip or reversal and buy more at the lowest price you can find.
This will make your dollar cost average higher, yet you could also play it like this.
You take half the metal you bought at 500 and save the rest.
You take your profits and buy more again at the most favorable time. At this point you are playing with pure profit and your risk capital has already tripled in value and is safe and sound.
Buy low and Sell high.
These physical methods can be applied just the same to longer term chart trading.
------------------
If you are looking for other signals,
A. You could use fundamentals and those correlations you love so much. IE, USD rates get hiked, people buy dollars for the roll, if negatively correlated at the time Gold may fall. Exit signal.
B. Play patterns, IE a head and shoulders or a bull flag will give you a pre determined target.
C. You just stay long until you have made either a desired amount of money or the prevailing trend of 10 plus years changes.
It is not uncommon for people to hold physical gold for most of their lives, just the same you might contribute to a 401k for the 60 years you might work.
lol evil dictator... please dont do this "act" it makes me shiver and piss in my pants man..
and dad - that makes me the son of the evil dictator.
dictator in training! :evil:
x - if ure with the trend (long term) how do u know when to take profits?
lets say (say...) that u bought at $500. u are now at the $1700. how would u know what to do if price never was there?
thats gold so to the evil dictator i wanna know what is up in his malicious mind
thanks in advance
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #15,516
- Jan 19, 2012 1:32pm Jan 19, 2012 1:32pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
My friend it depends on what your purpose is and how you're trading.
In physical trading, you would take some profits, wait for a nice big dip or reversal and buy more at the lowest price you can find.
This will make your dollar cost average higher, yet you could also play it like this.
You take half the metal you bought at 500 and save the rest.
You take your profits and buy more again at the most favorable time. At this point you are playing with pure profit and your risk capital has already tripled in value and is safe and sound.
Buy low...
i think if i get opposing signals i can use it for halving an exit or some profit taking. for gold such a long term bull trend - its best to not always take full on a long - that price u got in was very good if thats the case. and yes its playing on profit money as you say to add on and stuff.
my dad has some gold (physical) as well - forgot how many g's was it though but its for investment and possible collateral for possible bank loans (if we ever loan ).
just update = sun square saturn aspect in 5h. watch for possible climactic action. saturn is one heck of a buster.
lets discuss views for a while
i dont believe planets move price - people do by buying and selling the instrument giving supply and demand. the natural phenomena are just ... natural harmonies to many things in the world (NOT horoscopes). hard to explain also about the harmony...
x - was there a time gold was volatilie? i mean swingy - like really swingy. if u look at daily charts of gbp yen back in 2010 - has gold ever been like that daily?
Have I got something on my face, SOLDIER?
- #15,518
- Jan 19, 2012 6:11pm Jan 19, 2012 6:11pm
Hey X, nice to be missed, thanks
I have of course been following what has been going on here, always learning, sometimes being amused also (bonus!!) - my kids still on school holidays tho so have been hanging at the beach & river, and internet reception here not so great for charting unfortunately.
Ultimately my long term gold & silver views are still bullish, altho I am slightly concerned with the smoothness of the rise so far this year, waiting for the big bullies to play their dirty tricks again. Risk does seem to be on tho (slight concern yesterday with equities gapping up before trading lower (fearful), in contract to the previous few nights where they tanked then traded higher (bullish), still with minimal S&P movement overall tho (I really only track that to get a feel for sentiment). Normally by now I would be confident that all of Europe's woes have been fully factored in to market prices (ie nothing else to be fearful about) (the lack of pa resulting from the downgrading of most of europe testifies to that) however the fear/uncertainty factor is still stronger now that I have ever known it to be so I would still be very cautious with any trade, keeping stops as tight as practical etc.
I am very grumpy that I missed the obvious (to me) trade at 1562, that you so kindly keep reminding me that you took x 2 (or thereabouts) - thanks for that lol
At least I knew what I should have done, I guess!!
Thanks for keeping the interest up!
cheers
Cath
I have of course been following what has been going on here, always learning, sometimes being amused also (bonus!!) - my kids still on school holidays tho so have been hanging at the beach & river, and internet reception here not so great for charting unfortunately.
Ultimately my long term gold & silver views are still bullish, altho I am slightly concerned with the smoothness of the rise so far this year, waiting for the big bullies to play their dirty tricks again. Risk does seem to be on tho (slight concern yesterday with equities gapping up before trading lower (fearful), in contract to the previous few nights where they tanked then traded higher (bullish), still with minimal S&P movement overall tho (I really only track that to get a feel for sentiment). Normally by now I would be confident that all of Europe's woes have been fully factored in to market prices (ie nothing else to be fearful about) (the lack of pa resulting from the downgrading of most of europe testifies to that) however the fear/uncertainty factor is still stronger now that I have ever known it to be so I would still be very cautious with any trade, keeping stops as tight as practical etc.
I am very grumpy that I missed the obvious (to me) trade at 1562, that you so kindly keep reminding me that you took x 2 (or thereabouts) - thanks for that lol
At least I knew what I should have done, I guess!!Thanks for keeping the interest up!
cheers
Cath