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

  • #15,961
  • Jan 31, 2012 9:26pm Jan 31, 2012 9:26pm
Gold still "hanging tough" a midst various currency swings
@ 1738
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #15,962
  • Jan 31, 2012 9:38pm Jan 31, 2012 9:38pm
some people said that to get 1750 we need go to the 1700-1680 first. is it true?
  • #15,963
  • Jan 31, 2012 9:58pm Jan 31, 2012 9:58pm
Quoting balisurfer
some people said that to get 1750 we need go to the 1700-1680 first. is it true?
Its possible, 1711 area is the daily trend guide.
Is it probable ?
last day of month pa tested single monthly break area 1723 and it held as she closed above again..
look at your daily, look at your 4 hr. what does candle formations show?
We have been bouncing off of sis's pivot to the north several times last week and this.
she sits at the daily trendguide .
she sits at the higher timeframe weekly trendguide.
Knowing what you do what seems probable ?
However we dont assume, remember mm and throw the 5 min. on and follow.
  • #15,964
  • Jan 31, 2012 10:04pm Jan 31, 2012 10:04pm
Bust Out Or Bust.
No explanation. I 'll Buy

Sorry. Got a little in my pants there
Buyer Me.
Bmc
  • #15,965
  • Jan 31, 2012 10:11pm Jan 31, 2012 10:11pm
Lilpip Brother, what do your chart say about $2000, $1400 first or $2000 first?
  • #15,966
  • Jan 31, 2012 10:17pm Jan 31, 2012 10:17pm
Quoting Bemac
Bust Out Or Bust.
No explanation. I 'll Buy

Sorry. Got a little in my pants there
Buyer Me.
Bmc
So is it a green light or a red light ?
  • #15,967
  • Jan 31, 2012 10:25pm Jan 31, 2012 10:25pm
Quoting forexfacts
So is it a green light or a red light ?
I'm Playing Green Buy. Pick Yours.

B
Looking for 1,777 or so. Find it & place or Chase it.
Trade.
  • #15,968
  • Jan 31, 2012 10:26pm Jan 31, 2012 10:26pm
I am waiting for another drop in the h4 chart to 1725 - 1730 before i think about buying again. closed my previous longs yesterday night.
  • #15,969
  • Jan 31, 2012 10:30pm Jan 31, 2012 10:30pm
Oh... btw. I think all of you that see this have been offered a Buy Of A Lifetime. But most of you will Pass.
Moving on...
BMc
  • #15,970
  • Jan 31, 2012 10:35pm Jan 31, 2012 10:35pm
Quoting lilpip
As we come into the new year I have to consider the new yearly time frame along with the quarterly.
Looking at the single yearly pivot bias is bears from 1597 down and bulls from 1597 up.
A break above 1632 following with a daily or a weekly confirmation confirms bulls for yearly trend.
quarterly
1886
1632
1378
The 3 year pivot is 1428
Silver quarterly
46.35
34.49
22.63
forexfacts, which is first?
I take it a day,week, and month at a time, unless we have a yearly breakout.
However, we are going the wrong way for 1400.
The last week of the year tested 2011 yearly breakout 1551 and the retest held. (a 2nd daily close confirmation below did not hold, she hit weekly lows 1544 area and rotated back up)
above single year trendguide 1597 spells bull.
above 1st quarter trendguide 1632 spells bulls and confirms single year.
Lets see how feb. highs respond.
  • #15,971
  • Jan 31, 2012 10:45pm Jan 31, 2012 10:45pm
Quoting lilpip
forexfacts, which is first?
I take it a day,week, and month at a time.
However, we are going the wrong way for 1400.
The last week of the year tested 2011 yearly breakout 1551 and the retest held. (a 2nd daily close confirmation below did not hold, she hit weekly lows 1544 area and rotated back up)
above single year trendguide 1597 spells bull.
above 1st quarter trendguide 1632 spells bulls and confirms single year.
Lets see how feb. highs respond.
14oo is too ambitious for any shorts.
lilpip - i believe 1676 may be retested. but thats not why i shorted. what i notice sometimes is that the old support or old resistance not acting "opposite" as in sup become res and vice versa, in this case the level was ignored - we can assume or see whether in the future it can become support. and i do agree about the 1632 deal.

============================

we have reached considerable res. and timing seems fine on my end. so will we get stuck around here with no bulish progress? or clear the fanline?

we shall see this weekly close
Have I got something on my face, SOLDIER?
  • #15,972
  • Jan 31, 2012 10:53pm Jan 31, 2012 10:53pm
Lilpip and Bemac, Thank you


Now here is a situation, and it is not mine, i have to advise someone who is going to jump in on my recommendation, so i am Double cautious, if its my loss i can bear it but if its someone else's i'll hold myself guilty, for sure.


So should i tell him to buy at these prices or not, because he'll do it right away whatever i tell him, i need a Yes or No.


Bemac's Yes is clear, i want Lilpip, Xtrade and Suntrader's Yes, a clear Yes or No please.
  • #15,973
  • Jan 31, 2012 10:56pm Jan 31, 2012 10:56pm
Quoting bumapatria
lilpip - i believe 1676 may be retested.
============================
we have reached considerable res. and timing seems fine on my end. so will we get stuck around here with no bulish progress? or clear the fanline?
we shall see this weekly close
For me, a normal pattern for a new timeframe is to rotate back to pivot and extend out, so that is certainly possible however the candle formations on the 4hr. and daily showing up.
Bias for feb. is up from 1687.
feb monthly
1827
1687
1547
  • #15,974
  • Jan 31, 2012 11:02pm Jan 31, 2012 11:02pm
Quoting forexfacts
Lilpip and Bemac, Thank you


Now here is a situation, and it is not mine, i have to advise someone who is going to jump in on my recommendation, so i am Double cautious, if its my loss i can bear it but if its someone else's i'll hold myself guilty, for sure.


So should i tell him to buy at these prices or not, because he'll do it right away whatever i tell him, i need a Yes or No.


Bemac's Yes is clear, i want Lilpip, Xtrade and Suntrader's Yes, a clear Yes or No please.
salam bro - even though im not as expert as they are - i think he should choose for himself. a sign of a weak trader is where he start to get desperate on his own judgement. i say you tell him to trust himself and no one else coz in the end is his money so.. yeah its best if he does it for himself. please take no offencee from this suggestion

just my opinion
:-)
Have I got something on my face, SOLDIER?
  • #15,975
  • Jan 31, 2012 11:05pm Jan 31, 2012 11:05pm
Quoting bumapatria
14oo is too ambitious for any shorts.
lilpip - i believe 1676 may be retested. but thats not why i shorted. what i notice sometimes is that the old support or old resistance not acting "opposite" as in sup become res and vice versa, in this case the level was ignored - we can assume or see whether in the future it can become support. and i do agree about the 1632 deal.

============================

we have reached considerable res. and timing seems fine on my end. so will we get stuck around here with no bulish progress? or clear the fanline?

we...

Hello Buma, Did you see those straight lines? they can happen any time and we won't have a solid clue, they are made by the market-movers that is why, they do whatever suits them, from a bird's eye view, $1700 looked good to me, they did it without getting into Technicalities.

When will they see a good time to move up again into the 1800s, i really don't know, so.... i am 50 - 50 at the moment.
  • #15,976
  • Jan 31, 2012 11:07pm Jan 31, 2012 11:07pm
Quoting forexfacts
i want Lilpip, Xtrade and Suntrader's Yes, a clear Yes or No please.
1687 area is a better value.
Hopefully your friend has 6-9 months consistant gains on demo before going live.
You know the old saying, the surest way to get a small fortune is to start with a big one.
remember the first 3 rules. mm, mm, mm
  • #15,977
  • Jan 31, 2012 11:10pm Jan 31, 2012 11:10pm
Quoting bumapatria
salam bro - even though im not as expert as they are - i think he should choose for himself. a sign of a weak trader is where he start to get desperate on his own judgement. i say you tell him to trust himself and no one else coz in the end is his money so.. yeah its best if he does it for himself. please take no offencee from this suggestion

just my opinion
:-)

Walikum Salam bro,

The thing is that i have to guide him, its on me, i don't want a blind to follow another blind, well i can see but very little that is why i ask here for a Yes or No.

The Target is same: $2000.
  • #15,978
  • Jan 31, 2012 11:13pm Jan 31, 2012 11:13pm
[quote=forexfacts;5343861]
So should i tell him to buy at these prices or not, because he'll do it right away whatever i tell him, i need a Yes or No.
[quote]

No-one should put you under this pressure unless they are paying you as an adviser in which case you need to earn that $ by making the decision yourself.

You don't know any of these people that you are asking to make a decision for you - sorry to sound harsh but no-one should have to take responsibility for someone else winning or losing because of something that they have said in good faith on this thread. If your friend/client loses, who will he want to blame?

My advice to you would be to tell them to do the research themselves and not put so much pressure on you.

(...having said all that, I really do trust these guys opinions, but that is through research and back-testing their calls - I have lost count of the times that Bemac has nailed it pretty much to the pip - but if he & the otheres weren't here, what would you do? )

I hope I haven't added to your pressure!

cheers Cath
  • #15,979
  • Jan 31, 2012 11:15pm Jan 31, 2012 11:15pm
Quoting lilpip
1687 area is a better value.
Hopefully your friend has 6-9 months consistant gains on demo before going live.
You know the old saying, the surest way to get a small fortune is to start with a big one.
remember the first 3 rules. mm, mm, mm
Thanks for the figures Lilpip

About learning, he' ll only be investing just like me, and will come out at around $2000, thats it so....
  • #15,980
  • Jan 31, 2012 11:17pm Jan 31, 2012 11:17pm
Hi all,

Inclining channel established. See Feb as another bull month at this point. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited imo. Anticipating 1660 by weeks end.

On the weekly we see a possible rounding up and cross over on the MACD and Stochs. A breakout of the channel is possible.

Don't know if anyone has noticed but over the last year or so on a day when silver drops a little and the gold price rises a little, it is often followed by a day when both shoot up.

Yesterdays spike to 1645 may have been attributed to this:
http://www.zerohedge.com/news/venezu...-160-tons-gold

Silver has tested and respected 33 four times on H1, I'm anticipating it will follow suit with AU.
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