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

  • #17,141
  • Mar 6, 2012 10:26pm Mar 6, 2012 10:26pm
Hawkeye is that you bro!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,142
  • Edited 11:46pm Mar 6, 2012 11:25pm | Edited 11:46pm
Quoting XTrade
Good numbers.

If 1670 can hold we most likely wont see 1650 or 60.

However if there is another push down, then I suppose 1600 becomes a possibility.

I would like to see silver hold it's ground here and retake that crucial 33 usd mark...
if going north like to see her above 1680 with eyes on 1709-1717 area response.
if 1680-87 area kicks her south and drops below monthly pivot 1670, ill be looking at those numbers with ya.
  • #17,143
  • Mar 6, 2012 11:51pm Mar 6, 2012 11:51pm
I share your bias, I am just thinking in case of another leg down.

I don't believe it will have the juice to go much further than that.

Hell, at 1600 per ozt down from almost 2k is a nice discount.

The buyers will be back and when they come this channel is going to blow out again.

Quoting lilpip
if going north like to see her above 1680 with eyes on 1709-1717 area response.
if 1680-87 area kicks her south and drops below monthly pivot 1670, ill be looking at those numbers with ya.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,144
  • Mar 6, 2012 11:58pm Mar 6, 2012 11:58pm
1676 can be viewed as support looking back at the previous price action on the weekly.

It has been flipped and flipped again.

This will may be a tug of war to ensue soon.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,145
  • Mar 7, 2012 12:01am Mar 7, 2012 12:01am
lets see what the cheapest physical ounce of AU I can find is...

PAMP and Credit Suisse $1,721.99
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,146
  • Mar 7, 2012 12:11am Mar 7, 2012 12:11am
The same as always, now we had a red week, so some people come and say that gold will hit 1500 because its bearish.

Then we will have another green week and go back to 1800 and those people will vanish. This happened for quite some time in this thread.

Long term bullish traders stay here.
The Black Swan: The Impact of the Highly Improbable
  • #17,147
  • Mar 7, 2012 12:50am Mar 7, 2012 12:50am
Just a little manipulation and correction. Nothing to sweat.

Not a chance we are seeing 15.

It is interesting how so many "sure minded" individuals have come and gone over the years of this thread...

Look back thru the pages!

Quoting MapleLeaf
The same as always, now we had a red week, so some people come and say that gold will hit 1500 because its bearish.

Then we will have another green week and go back to 1800 and those people will vanish. This happened for quite some time in this thread.

Long term bullish traders stay here.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,148
  • Mar 7, 2012 1:16am Mar 7, 2012 1:16am
This is how you will become a successful gold trader.
Live to trade another day.

Just take a look at the damage one standard lot can do if you are not capitalized enough.

Each dollar move is 100 USD.

Smaller lot sizes - bigger moves. Longer trades / smarter trades = less stress and a longer career. Limit risk, and look for those 1:4 ratio trades then stack.

Win or lose good job.

Quoting bumapatria
So what im going for a long now is sort of a "scout" and its nowhere near my original lot size. probably 2wice smaller. if i win - yahoo. If i don't im not going to lose that much.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,149
  • Mar 7, 2012 1:21am Mar 7, 2012 1:21am
Quoting XTrade
This is how you will become a successful gold trader.
Live to trade another day.

Just take a look at the damage one standard lot can do if you are not capitalized enough.

Each dollar move is 100 USD.

Smaller lot sizes - bigger moves. Longer trades / smarter trades = less stress and a longer career. Limit risk, and look for those 1:4 ratio trades then stack.

Win or lose good job.
Agreed- It took me some hard hits to realize trading is risk management over a large scale. Anyone can trade a setup or be taught one - but not everyone can manage risk accordingly.

again - i agree to X in full. Nice post
Have I got something on my face, SOLDIER?
  • #17,150
  • Edited 3:55am Mar 7, 2012 3:20am | Edited 3:55am
Thanks to those that have posted kind comments about me recently

Just a quick note to suggest that for GC, people keep an eye on the daily 14,3,3 stochastics. It is usually a good (though lagging) swing trade indicator for a long when it crosses up on a close from under 20. If you haven't looked at it, suggest you might want to check it out - also the slower 60,3,3 stochastics. Bear in mind that the downtrend is in control until it is broken - maybe trite but true

It looks to me as though the 200 day MA is the current battlefield of choice.

Good trading and DYODD.......

beeb
  • #17,151
  • Mar 7, 2012 4:24am Mar 7, 2012 4:24am
Quoting XTrade
I don't believe it will have the juice to go much further than that.

Hell, at 1600 per ozt down from almost 2k is a nice discount.

The buyers will be back and when they come this channel is going to blow out again.
The risk of another downside swing is still there. If she breaks 1694 today it will open the door for 1770 in very near future
Lehman Sisters Wouldn't Have Failed
  • #17,152
  • Mar 7, 2012 5:11am Mar 7, 2012 5:11am
Quoting beeb
Thanks to those that have posted kind comments about me recently

Just a quick note to suggest that for GC, people keep an eye on the daily 14,3,3 stochastics. It is usually a good (though lagging) swing trade indicator for a long when it crosses up on a close from under 20. If you haven't looked at it, suggest you might want to check it out - also the slower 60,3,3 stochastics. Bear in mind that the downtrend is in control until it is broken - maybe trite but true

It looks to me as though the 200 day MA is the current battlefield of...
Hope to see more of your posts here, Sir!


breeze
  • #17,153
  • Edited 5:56am Mar 7, 2012 5:31am | Edited 5:56am
Quoting MapleLeaf
...... Long term bullish traders stay here.
And then there are those of us who trade bullish or bearish depending on what price is actually doing.
  • #17,154
  • Mar 7, 2012 5:48am Mar 7, 2012 5:48am
Quoting Blythe
The risk of another downside swing is still there. If she breaks 1694 today it will open the door for 1770 in very near future
agree, i see buy buy buy above 1697.

we're at an important price here at 1681, if i see a bearish candle here and a break below 1672, we could go to 1656 or lower.
  • #17,155
  • Mar 7, 2012 5:56am Mar 7, 2012 5:56am
Quoting nim1984
agree, i see buy buy buy above 1697.

we're at an important price here at 1681, if i see a bearish candle here and a break below 1672, we could go to 1656 or lower.

Without being picky - it really does help if you specify what timeframe you are talking about. Do you mean a daily candle or a five minute one, or what?
Also what is the importance that you see in 1681?

thanks

beeb
  • #17,156
  • Mar 7, 2012 5:59am Mar 7, 2012 5:59am
It is gold's bull market and it is going to continue, Silver too, Silver over $32 was a hurdle to me and still is, but i see acceptance building now.

We saw Silver's run to $50, and the drop, it was quick, that is one factor gold's market is very cautious, other wise if we compare gold's time duration with Silver, we would have seen $2500+ and a drop until now.
  • #17,157
  • Mar 7, 2012 6:04am Mar 7, 2012 6:04am
Quoting beeb
Without being picky - it really does help if you specify what timeframe you are talking about. Do you mean a daily candle or a five minute one, or what? Also what is the importance that you see in 1681? I can see a reason for it to be important but if you see a different reason it saves time and effort looking for it.....

thanks

beeb
i will clarify, i see potential resistance between 1681-87. if i see any bearish reversal candlestick formation on 4H timeframe within this price range confirming resistance, i will short, and short some more if we break below 1672.

didn't see importance question before. importance is it is 38%-50% retracement of leg down from 1710.5 to 1663(wave 3), and if it is indeed resistance, wave 4 will be complete and wave 5 lower will start.
  • #17,158
  • Mar 7, 2012 6:04am Mar 7, 2012 6:04am
Quoting lilpip
eyes on 1680 response from 1670
eyes on 32.76 response from 32.52
bounce up from 1670 and 32.76 noted, lets see if NY gives us a bounce up at 1687.
  • #17,159
  • Mar 7, 2012 6:08am Mar 7, 2012 6:08am
Quoting nim1984
i will clarify, i see potential resistance between 1681-87. if i see any bearish reversal candlestick formation on 4H timeframe within this price range confirming resistance, i will short, and short some more if we break below 1672.

didn't see importance question before. importance is it is 38%-50% retracement of leg down from 1710.5 to 1663(wave 3), and if it is indeed resistance, wave 4 will be complete and wave 5 lower will start.

thanks

beeb
  • #17,160
  • Edited 8:06am Mar 7, 2012 7:03am | Edited 8:06am
Short at 1680. Stop at 1684.
Patience is magic
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