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

NicE!


That's what we want to hear!

Hi,

have anyone historical data from gold for 2011 M1?

When i try to download more data i have no luck. Just data in h1 D1 and and and.
But i need the data for M1 maybe someone can help me.

thanks

For Mr. Pom
"
Combining any of the four basic kinds of option trades (possibly with different exercise prices and maturities) and the two basic kinds of stock trades (long and short) allows a variety of options strategies. Simple strategies usually combine only a few trades, while more complicated strategies can combine several.
Strategies are often used to engineer a particular risk profile to movements in the underlying security. For example, buying a butterfly spread (long one X1 call, short two X2 calls, and long one X3 call) allows a trader to profit if the stock price on the expiration date is near the middle exercise price, X2, and does not expose the trader to a large loss.
An Iron condor is a strategy that is similar to a butterfly spread, but with different strikes for the short options – offering a larger likelihood of profit but with a lower net credit compared to the butterfly spread.
Selling a straddle (selling both a put and a call at the same exercise price) would give a trader a greater profit than a butterfly if the final stock price is near the exercise price, but might result in a large loss.
Similar to the straddle is the
strangle which is also constructed by a call and a put, but whose strikes are different, reducing the net debit of the trade, but also reducing the risk of loss in the trade.
One well-known strategy is the
covered call, in which a trader buys a stock (or holds a previously-purchased long stock position), and sells a call. If the stock price rises above the exercise price, the call will be exercised and the trader will get a fixed profit. If the stock price falls, the call will not be exercised, and any loss incurred to the trader will be partially offset by the premium received from selling the call. Overall, the payoffs match the payoffs from selling a put. This relationship is known as put-call parity and offers insights for financial theory. A benchmark index for the performance of a buy-write strategy is the CBOE S&P 500 BuyWrite Index (ticker symbol BXM).


TRYING TO FIND INFO one what happens when a NAKED SHORT DEFAULTS.

Here is the weekly with three targets of all the chart patterns.
These patterns are all bullish / bullish continuation target

Shorter term first: I made Nice new channel lines that include the Blowout Highs.

ALL THE LINES CAN BE SEEN for each pattern on the chart.
TGT 1 = Flag Target > Takes us to Normal Price channel top area >
TGT 2= Head & Shoulders INVERSE TGT for Completion > is the "Blowout High" Extended channel TOP line
TGT 3 = Symmetrical Triangle - from 1650 appx BREAK POINT. = > may be the channel extended TOP or breach area Price 2100/ 2150

Notice how the moving averages SMA used
50 Green
100 red
200 Blue
Have literally tracked onto the channel lines!!!

It amazes me how gold keep on respecting the technicalities most of the time.

Reading and understanding chart movements is indeed the first step if one wants to trade with eyes open.

See these are the kind of realizations and observations, you are making as a budding astute trader.

Instead of asking "where do I short" in A BULL MARKET! or where is gold Going, you are stating what the FACTS and are learning.

I see potential here. You just need to TRUST YOURSELF.

As pomegranate mentioned his trading is based on where the market will NOT go. WE are based as "SPOT" traders on where the market WILL GO, to make profit.

Hi forexfacts.

Can you sum up your findings?

Would you give us some guidelines about your observations and how they have been confirmed?

The testimonial of your learning process should be useful to keep us focused and to make us realize what to be aware of.

(Sorry if my english is confusing, remember it is not my primary language)

People is bullish due to fundamentals

http://www.kitco.com/reports/KitcoNe...C_outlook.html
http://www.kitco.com/kgs/goldsurvey_...ry24.2012.html

Sorry Sir, i don't have any special findings, i myself am learning on this thread, i am not a daily trader, i have just invested some money on long term target of $2000+

The only experience i had before coming to this forum was watching price movement of gold, for some years.

Before coming to this forum i was a firm believer in Price and fundamentals only, that has changed now, all the credit goes to those who contribute their findings here.

I have found that, Fundamentals are the Pulse, Technicalities are the Way.

Look how gold has kept respecting the technicalities, it is simple no rocket science, at one stage when price was the only indicator for me i wanted to see gold at $1400 and it looked promising to me, but that didn't happen, this is the reason why:

But don't forget this trend can be broken any time, all depends upon Fundamentals, if they are strong enough they'll break it:

Thanks forexfacts,


Nice!

I just read this in twitter
How can this affect gold price?

I don't know

All i know is pick your Buys at the lower line and set a target, it may take days or weeks, when you reach your target, sell.

Do the same when you want to short, short when gold is touching the upper line, set a target and wait for it, with Patience.


As they say, 95% Traders loose money, so if you want to trade on daily basis then first learn the charts properly, all the technicalities first, along with a demo account, when you start making money on it consistently, you are ready for daily trading

Just a bookeeping matter.

If Greece has to turn over Gold to others the Fed will just make a debit to Greece and a credit to the ECB or whomever.

Hi X!

How do you think? Is this a valid H&Ss???

About silver, two scenarios.

What do you people think?

http://seekingalpha.com/article/3923...-more-pullback

Thanks SunTrader.

No that looks like a range with some highs and lows.

You're looking at it wrong.

It is a potential INVERSE H&S on the Weekly/ Daily --I have never really seen any long term chart patterns pan out on a 30 minute chart.
Nor did the price close below any major trend lines.

-------------------

Due to the symmetrical triangle break and the bullish flag, I am not so concerned with this pattern. It will be interesting to see if it pans out.

It is not perfect but they never are.

Haven't read link.

The price suggests more rise.

OK,

Doubting the "top" at 36.

He is almost contradicting himself by saying the market would consolidate but then due to the breakout may rise only to fall.

The price DID hit RECENT LOWS at 26.

The PRICE DID move 10 USD per OzT higher and test 36.

The price DID break a MAJOR resistance in the downtrend line from the 50's

Agree on the margin reqs from CME.

Since we have broken and closed bullish - this would suggest the rally has begun and a correction would be seen during the summer months.

Let's have a look at the chart. Please refresh in a few seconds and it will be up.

Perhaps I will attach the demo to this weeks thread. There are some nice trades already running.