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

  • #17,681
  • Mar 14, 2012 2:56pm Mar 14, 2012 2:56pm
Gold is in a long term bull mode, it has almost been a decade now, that make many of us bullish, even at times when a correction is due.

That is why i call upon old players like Bemac, Suntrader and other respected members to come forward and put a brake to us.

I personally keep a bird's eye view, that don't let me go into the deep, i keep on reminding myself that gold was $400 just a few years back

As of now, 4x of $400 is fair to me, and 4x of $7 for silver, because again i repeat myself that precious metals are going through a correction of decades if you check the 100+ year history.

Check other commodities history and compare them to Gold and Silver, so that it all makes sense to you
  • #17,682
  • Mar 14, 2012 3:01pm Mar 14, 2012 3:01pm
Hi Suntrader,

I am beginning to get a bit disappointed in the initiative taken to learn by some people here.

For the umpteenth time this month.,

This thread was made for these reasons:
1 -To record price movements and trades
2 -for more experienced traders to bounce around ideas
3 -For people to discuss fundamental and technical analysis of AU nd AG.
4. AND OF COURSE FOR THE NOOBS TO LEARN.

If you are a noob an want to truly learn there is no harm in asking questions.
Yet, most likely your question has been answered already in this thread after 3 years. A simple search of the thread can yield results on topics that have been covered time and time again.

If you are asking for exact price movements, I will count those as trading signals and I am not a signal service, if I was you can bet your bottom dollar that I would be charging with no refund as the ultimate decision is your's.
After all it is your money.

Many people have come in here and said how the thread has helped them, some have confessed to me in PMs or publicly to have profited from it.

I know I just complained to one member (indirectly) and none of my complaints are geared towards any one in particular more the group and newcomers, experienced contributors have to have a pass here. They are teaching as well.

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

First off if you really want to learn how to trade gold, reading this entire thread with the ability to skip complete areas should not be considered an overwhelming task, what is worse, educating yourself for free? Or blowing up your account?

To maintain the integrity of this thread what I ask is simple for the newer traders.
1. Search for an answer to a simple question rather than just blurting it out for all to see and expecting an answer like a kindergartner would.
2. Try to refrain from asking the same thing over and over again, or something that someone else may have touched on already.
3. DYODD
4. Rather than asking how or why, do a search come up with a theory and then present it to the thread, not only will you learn something in the process
but it will be more impressive to others and likely stir conversation rather than be ignored.

My goal is to lessen the amount of useless posts and up the amount of quality posts. This will make this place an even better more concise resource for all of us.

Of course in slow markets Like Aussie open, which can actually have large swings we can joke around and have fun.

Yet, do remember that there are people in here trading live money, the amount is not important.
Thank you all,
Sincerely,
XTRADE


Quoting SunTrader
Although I am not a fan of it - 200 SMA - Silver has been it for almost two weeks! So $32 might be no big deal.

Meantime $31.82 is 50% retrace.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,683
  • Mar 14, 2012 3:31pm Mar 14, 2012 3:31pm
Quote
I see retrace for Minor retrace for Aussie and Gold ( 1658) Then here we go for 1600 then we can see Bulls might control but tomorrow is for bears not for bulls. Those who want to go for buying must wait for Monday UK Session.

And why would anybody follow you, you yourself said that 95% of those who follow others, they loose.
  • #17,684
  • Mar 14, 2012 3:35pm Mar 14, 2012 3:35pm
Quoting forexfacts
Gold is in a long term bull mode, it has almost been a decade now, that make many of us bullish, even at times when a correction is due.

That is why i call upon old players like Bemac, Suntrader and other respected members to come forward and put a brake to us.

I personally keep a bird's eye view, that don't let me go into the deep, i keep on reminding myself that gold was $400 just a few years back

As of now, 4x of $400 is fair to me, and 4x of $7 for silver, because again i repeat myself that precious metals are going through a correction...

Gold is overbought and rightnow is in corrective mode
  • #17,685
  • Mar 14, 2012 3:37pm Mar 14, 2012 3:37pm
Quoting forexfacts
And why would anybody follow you, you yourself said that 95% of those who follow others, they loose.
I never tell you to copy me but I see many traders in this forum who are buying so i am just informing that its not time to buy wait for right time.


I even when try copy fellow trader loose money . Hence, you should do your analysis and never follow blindly any trader but you can take an idea only.
  • #17,686
  • Mar 14, 2012 3:38pm Mar 14, 2012 3:38pm
Guys i dont think you are respecting Xtrade , the creator, founder of this thread with enough care and respect. he deserves better than this and the health of the thread will deteriorate if this continues, please keep it useful, analytical and scientific. pnting random levels out of the blue is not analytical

please for xtrade and the members like sunt that has been here longer, dont do this sort of thing.
think of how he feels about all this
Have I got something on my face, SOLDIER?
  • #17,687
  • Mar 14, 2012 3:46pm Mar 14, 2012 3:46pm
Good night, it is 1:45 am here
  • #17,688
  • Mar 14, 2012 4:02pm Mar 14, 2012 4:02pm
Thanks for the acknowledgement, apparently you see what I am talking about.

I know Suntrader does.

Also, this is part of the reason why I had to ban over 5 people from this thread after 3 strikes and I was lenient at that!

Furthermore this is part of the reason why beeb decided to stop posting. He was trying to teach people (ever asking people) his method of trading and getting flack in return.

There is another solution, which is a mandatory one voucher to post. I do not want to come to this, yet perhaps for a period of time it would give all those that visit the thread daily a chance to learn by simply reading instead of talking and guessing, While watching some more experienced traders post analysis, news, trade setups and whatever else.

Almost like a forced learning period. (LOL EVIL DICTATOR )
I will keep this on the back burner for now, I have made the announcement,
and will see how things go.

I will also acknowledge a slew of MEMBERS that are new to FF that come to this thread daily and do nothing else besides maybe introduce themselves, then read.

Quoting bumapatria
Guys i dont think you are respecting Xtrade , the creator, founder of this thread with enough care and respect. he deserves better than this and the health of the thread will deteriorate if this continues, please keep it useful, analytical and scientific. pnting random levels out of the blue is not analytical

please for xtrade and the members like sunt that has been here longer, dont do this sort of thing.
think of how he feels about all this
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,689
  • Mar 14, 2012 5:22pm Mar 14, 2012 5:22pm
The market will get more volatile than this! We want those 50 USD swings and 100 USD breakouts.

Working on a nice chart.

Quoting Sebastien972
Wow, I guess this high volatility market gets on the nerves of some people.. lets all cool down.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,690
  • Mar 14, 2012 5:23pm Mar 14, 2012 5:23pm
Weekly Channel coming up. She closes right on the line and the 50 Week SMA.

Let's see where the Aussie and Asian cross session takes her.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,691
  • Mar 14, 2012 5:44pm Mar 14, 2012 5:44pm
After watching Weekly chart, if price keeps going south, I'll like to buy at the test of the triangle and at the test of the ascendig trendline (oct 2008 - Dec 2011). Now 1580 makes sense to me.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUSUP1580.png Size: 55 KB
  • #17,692
  • Mar 14, 2012 6:26pm Mar 14, 2012 6:26pm
interesting article on whats going on...

http://ca.reuters.com/article/busine...82B0LP20120314
  • #17,693
  • Mar 14, 2012 6:30pm Mar 14, 2012 6:30pm
Recently found this article:

http://www.forexpros.com/analysis/pr...-iii%20-116528
  • #17,694
  • Mar 14, 2012 6:31pm Mar 14, 2012 6:31pm
Quoting XTrade
Dude, Sorry but you ask to learn,
I post no less then 10 charts and write on the subject and how to trade it and provide links to how these patterns were developed and are supposed to be trading and you are STILL ASKING.


GO back and DYODD or
GOOGLE CHART PATTERN HEAD AND SHOULDERS>

BTW. There is NOTHING on the daily Gold chart that even resembles a head and shoulders - BESIDES ONE failed attempt to crack a neck of an INVERSE HEAD AND SHOULDERS.
Quote
http://www.forexfactory.com/showthre...22#post5474922

Mr. XTrade,

You misunderstood my intention. It was to llrickkll, as he took a long position. I hope a good r/r management is taken by him.

breeze
  • #17,695
  • Mar 14, 2012 6:52pm Mar 14, 2012 6:52pm
Quoting jsr
After watching Weekly chart, if price keeps going south, I'll like to buy at the test of the triangle and at the test of the ascendig trendline (oct 2008 - Dec 2011). Now 1580 makes sense to me.

I like ur analysis but feel buying good above 1602 am already short at Aussie with SL 1.0510 TP 1.0290. Hope will make green pips tomorrow.
  • #17,696
  • Mar 14, 2012 7:04pm Mar 14, 2012 7:04pm
Yes JSR this is an OPTIMAL buy area IMO..

It is a bit late from the initial break, I really would have liked to have seen the reaction if the price broke out, as it did with the 90+USD weekly bar, then tested the triangle that week when it was still at appx 1650 area.

But, it is what it is, my chart is coming up, and even if the price tests down, just on techs we are still in the channel and will have still pared appx 50 USD per oz between the two lows.

1550 from 1750 is a GREAT discount for paper and physical.

Going to be paying extra close attention to how the DXY is reacting with gold, Greece finalization. And any US data to see if it will culminate enough to sway the majors.

Chart coming up.
Quoting jsr
After watching Weekly chart, if price keeps going south, I'll like to buy at the test of the triangle and at the test of the ascendig trendline (oct 2008 - Dec 2011). Now 1580 makes sense to me.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,697
  • Mar 14, 2012 7:11pm Mar 14, 2012 7:11pm
Breeze, No problem mate, just trying to encourage you to learn more faster which is good, as long as you understand it. If not you know you can ask.

You told me you understood the pattern the other day fhat's why I was surprised and I did think you were asking me!
No biggie.

I still maintain that all I see right now or rather all that's there is the so far failed inverse on the daily.

Watch out for next chart and look at the levels.

This will likely be the determiner of where the price goes next.

XT
X
Quoting fxbreeze
Mr. XTrade,

You misunderstood my intention. It was to llrickkll, as he took a long position. I hope a good r/r management is taken by him.

breeze
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,698
  • Mar 14, 2012 7:43pm Mar 14, 2012 7:43pm
Hello XTrade,

Hope you are doing well with trading (as always ). I have a serious issue which you might help me out. I really didn't know what exactly pulled Gold this low. Can you explain this from fundamental standpoint????
  • #17,699
  • Mar 14, 2012 7:57pm Mar 14, 2012 7:57pm
Dropping some more.
  • #17,700
  • Mar 14, 2012 8:05pm Mar 14, 2012 8:05pm
Quoting FX Tsunami
Hello XTrade,

Hope you are doing well with trading (as always ). I have a serious issue which you might help me out. I really didn't know what exactly pulled Gold this low. Can you explain this from fundamental standpoint????


Quote
http://www.forexfactory.com/showthre...97#post5477197

breeze
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