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

  • #16,821
  • Feb 28, 2012 1:29am Feb 28, 2012 1:29am
if u guys think xauusd is to boring and too trendy

look at xaujpy.
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #16,822
  • Feb 28, 2012 1:29am Feb 28, 2012 1:29am
When is the next NFP, please?

It is supposed to be the fourth Friday from the end of the month, which would be this Friday.

But usually it is the first Friday of the month, sometimes the second Friday.

FF is ambiguous with employment numbers on Thursday.
  • #16,823
  • Feb 28, 2012 3:53am Feb 28, 2012 3:53am
morning to all

as you know i use renko chart,

here you can see a 5$ renko-line chart with a fast rsi.

http://gyazo.com/67f40de3fbd3664be7c24e15deca3d7f.png

i see an hidden bullish divergence formed last week,

i'm waiting a deeper price, and i'm looking for it on faster renko chart, like 0.5 & 1$
  • #16,824
  • Feb 28, 2012 4:52am Feb 28, 2012 4:52am
good consolidation by both gold and silver just below important resistances, shows that an upside breakout is looming. gold could see 1794 and maybe 1803 from the bull flag breakout on the 4H chart.

having said that, I'd like to see more consolidation/price acceptance around 1776, before I add one more unit for my long trade.
  • #16,825
  • Feb 28, 2012 5:01am Feb 28, 2012 5:01am
Quoting lilpip
jsr,
after she reached 1760-62 area, hope you took note of candle formations and cut that long at your 1778 area once she was back up in the area again.
Hi, lilpip,

Thanks.

My order was not filled. In my chart, lowest ask price was @ 1762.

So the order is still waiting, and now i'm looking for another entry price.

I could take a trade @ market price, but I was writing and missed the oportunity. Since December I'm trying to stop chasing the market. So, I let it go.
  • #16,826
  • Feb 28, 2012 5:48am Feb 28, 2012 5:48am
Quoting jsr
Hi, lilpip,
Thanks.
My order was not filled.
i'm looking for another entry price.
I could take a trade @ market price, but Since December I'm trying to stop chasing the market. So, I let it go.
at least that puts you in the drivers seat.
  • #16,827
  • Feb 28, 2012 6:28am Feb 28, 2012 6:28am
hedged against silver by going long on gold for a few
a good 10 buck long closed.
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #16,828
  • Feb 28, 2012 7:36am Feb 28, 2012 7:36am
Im seeing some bullish divergence on the USD Index. Who knows what will happen when Bernanke talks.
  • #16,829
  • Feb 28, 2012 7:51am Feb 28, 2012 7:51am
Quoting jeremyyn
Im seeing some bullish divergence on the USD Index. Who knows what will happen when Bernanke talks.
When bernanke is talking again? Send gold price rocket
  • #16,830
  • Feb 28, 2012 8:12am Feb 28, 2012 8:12am
Quoting blackhawkfx
When bernanke is talking again? Send gold price rocket
25 hours time (don't know what time zone you are in!)
  • #16,831
  • Feb 28, 2012 8:12am Feb 28, 2012 8:12am
tomorrow, no? Anyways, silver moving suhweeeett!! lets see how the day closes.
  • #16,832
  • Feb 28, 2012 8:15am Feb 28, 2012 8:15am
as i knew i was wrong obviously the day i shorted turned out to be a pin which meant a long signal on the aspect LOL- and the hedge on gold worked fine which i posted above.
loss of 1% on silver
and covered with 1.4% of gold hedge with a tad help of leverage

adapt to survive!
Have I got something on my face, SOLDIER?
  • #16,833
  • Feb 28, 2012 9:54am Feb 28, 2012 9:54am
Quoting lilpip
with a break of single year pivot 34.50 eyes will be on monthly close above pivot.
letem ride lets see what march highs do.
feb. highs achieved.
lets see where the day, week, month closes, move threw projected weekly and feb. monthly highs 36.10-15 noted.

eyes will be on tue daily high 1789 response.
  • #16,834
  • Feb 28, 2012 11:00am Feb 28, 2012 11:00am
38 on silver next ?
  • #16,835
  • Feb 28, 2012 11:56am Feb 28, 2012 11:56am
Quoting jeremyyn
38 on silver next ?
37.20 area
watch sis at 1789 response for heads up.
  • #16,836
  • Feb 28, 2012 12:29pm Feb 28, 2012 12:29pm
Quoting lilpip
37.20 area
watch sis at 1789 response for heads up.
above the door is open on both
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  • #16,837
  • Feb 28, 2012 1:37pm Feb 28, 2012 1:37pm


1:36 PM Iran will take payment from trading partners in gold instead of dollars, according to a report by the state news agency. Sanctions have forced the country's banks into alternative ways of settling trades, even barter. "We would accept gold ... without any reservation," says central bank governor Mahmoud Bahmani.
  • #16,838
  • Feb 28, 2012 2:10pm Feb 28, 2012 2:10pm
And there it is in your chart.

There was no time to wait for a further test of the broken topside DTL.

It is over. Bears, pack it up and go home unless you want to lose your shirts!!!!

Disclaimer anything can happen at any time, gold is headline driven at times.

Quoting kill56
above the door is open on both
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,839
  • Feb 28, 2012 2:11pm Feb 28, 2012 2:11pm
I can understand if you are a contrarian trader, but now is not the time.

Quoting bumapatria
as i knew i was wrong obviously the day i shorted turned out to be a pin which meant a long signal on the aspect LOL- and the hedge on gold worked fine which i posted above.
loss of 1% on silver
and covered with 1.4% of gold hedge with a tad help of leverage

adapt to survive!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,840
  • Feb 28, 2012 2:15pm Feb 28, 2012 2:15pm
I bought physical silver in this thread - it is documented.

I have made back the almost 2 USD ABOVE spot on each coin.

AND

Unfortunately my favorite physical dealer now has an office in NYC, I also have to pay tam.

Point being I made the tax also. I normally wouldn't count tax as part of the spot price.

But this is an example of how you can make money trading physical.

A few more USD rize and I can sell for profit on each coin!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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