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

  • #21,081
  • Oct 3, 2012 8:40am Oct 3, 2012 8:40am
Quoting Rooi
Like I said.just demos for next 6 months on gold and siver.

Can any body please point me in good direction where I can learn about these metals and how they trade.Something along the line of Babypips but for gold and silver.

Many thanks and good luck
Welcome to the thread

Huge subject but here are some suggestions:

Have a read of the thread - lotta good points
Get to know how the metals react around opex and nfp in particular on monthly timeframes and also around comex opening and closing plus around the fixes on the daily.
Think in terms of the markets being manipulated and how knowing this can work to your advantage - try googling for Andrew Maguire's interviews on kingworldnews.
Find out about the effect of the physical market on the paper market.

That should keep you busy for a while.....

beeb
  • #21,082
  • Oct 3, 2012 8:50am Oct 3, 2012 8:50am
Quoting beeb
Welcome to the thread

Huge subject but here are some suggestions:

Have a read of the thread - lotta good points
Get to know how the metals react around opex and nfp in particular on monthly timeframes and also around comex opening and closing plus around the fixes on the daily.
Think in terms of the markets being manipulated and how knowing this can work to your advantage - try googling for Andrew Maguire's interviews on kingworldnews.
Find out about the effect of the physical market on the paper market.

That should keep you busy...
You are a gentleman

Thanks

ROOI:nerd:
We miss 100% of the shots we don't take
  • #21,083
  • Oct 3, 2012 8:55am Oct 3, 2012 8:55am
Quoting Rooi
Like I said.just demos for next 6 months on gold and siver.

Can any body please point me in good direction where I can learn about these metals and how they trade.Something along the line of Babypips but for gold and silver.

Many thanks and good luck
Metals are just like any other instrument and don't needed to be traded in a special way. The best trading methods can seamlessly be applied to all asset classes because the best trading methods keep it simple.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #21,084
  • Oct 3, 2012 9:03am Oct 3, 2012 9:03am
Quoting zusch
Metals are just like any other instrument and don't needed to be traded in a special way. The best trading methods can seamlessly be applied to all asset classes because the best trading methods keep it simple.
IMHO metals are not the same as other instruments because of the effects of the physical market in London and because they are manipulated. Your trading has to take account of these factors.....

beeb
  • #21,085
  • Oct 3, 2012 9:06am Oct 3, 2012 9:06am
Quoting beeb
IMHO metals are not the same as other instruments because of the effects of the physical market in London and because they are manipulated. Your trading has to take account of these factors.....

beeb
One could argue that all instruments are manipulated...
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #21,086
  • Oct 3, 2012 9:17am Oct 3, 2012 9:17am
Quoting zusch
One could argue that all instruments are manipulated...
Yes, but it's relative...

Suggest you might want to listen to Andy Maguire if you haven't already done so.

beeb
  • #21,087
  • Oct 3, 2012 9:33am Oct 3, 2012 9:33am
Published by: Brian Cullen http://www.danielstrading.com/images/spacer.png 10/3/2012 9:21:23 AM

December micro-GOLD:
A very popular market set-up known as "The Golden Cross" takes places when the 50 day moving average crosses over the 200 day moving average.
It happened last week without me noticing in Gold but has just occurred in the Silver market as well. We have not seen the market begin to trade higher as one would expect, but it may just be a matter of time. I believe this to be a very bullish signal and I look to get involved in this area.
BUYING the December micro-GOLD at 1780.0 (GTC) ...last trade 1782.0

 

  1. Risk will be the 1730.0 level ...($500.00)
  2. Objective will be left OPEN for now

Have a look:

 

  1. 50 day MA
  2. 200 day MA

http://www.danielstrading.com/inc/cr...s/gold10_3.png

You can always make money tomorrow provided you don't lose it today.
  • #21,088
  • Oct 3, 2012 9:36am Oct 3, 2012 9:36am
Quoting Kadc
Published by: Brian Cullen http://www.danielstrading.com/images/spacer.png 10/3/2012 9:21:23 AM [color=#666666][font=Arial]

December micro-GOLD:
A very popular market set-up known as "The Golden Cross" takes places when the 50 day moving average crosses over the 200 day moving average.
Mentioned in post # 21116

beeb
  • #21,089
  • Oct 3, 2012 11:59am Oct 3, 2012 11:59am
  •  SwissRaj
  • | Joined Aug 2010 | Status: (¯`·._.· the lonely trader ·._.·´¯) | 109 Posts
Quoting beeb
Mentioned in post # 21116

beeb
So fussy haha (just kidding)

Do we know if mr Andy Maguire is active in twitter?
And you guys? twitting about gold?
i'd like to follow some good sources on gold

btw, i'm under the impression that these last two days gold is quite... uncertain, right?

waiting for friday's nfp party, i guess
>>> psychology is more important than technicalities ^_^
  • #21,090
  • Oct 3, 2012 12:22pm Oct 3, 2012 12:22pm
  •  SwissRaj
  • | Joined Aug 2010 | Status: (¯`·._.· the lonely trader ·._.·´¯) | 109 Posts
Andrew Maguire is an independent bullion trader and a whistleblower. He notified United States regulators that fraud had been committed, manipulating prices in the international gold and silver markets. Maguire and his wife were injured in a hit-and-run accident a day after he was identified as the source of the allegations.

He went public in April 2010 with assertions of market manipulation by JPMorgan Chase and HSBC of the gold and silver markets,[1] prompting a number of lawsuits,[2] including a class action lawsuit.[4] Maguire said "JPMorgan acts as an agent for the Federal Reserve; they act to halt the rise of gold and silver against the US dollar. JPMorgan is insulated from potential losses (on their short positions) by the Fed and/or the U.S. taxpayer."

-- wikipedia

You can find even emails with details in real time.
Impressive!!!!

A must read if you work with metals!!!

Thanks beeb,
i had no idea of this.
>>> psychology is more important than technicalities ^_^
  • #21,091
  • Oct 3, 2012 12:30pm Oct 3, 2012 12:30pm
Quoting SwissRaj
So fussy haha (just kidding)

Do we know if mr Andy Maguire is active in twitter?
And you guys? twitting about gold?
i'd like to follow some good sources on gold

btw, i'm under the impression that these last two days gold is quite... uncertain, right?

waiting for friday's nfp party, i guess
Andy has a metals service on www.coghlancapital.com

beeb
  • #21,092
  • Oct 3, 2012 12:58pm Oct 3, 2012 12:58pm
Quoting SwissRaj
btw, i'm under the impression that these last two days gold is quite... uncertain, right?
I reckon there are a number of factors at play:

Market is taking a pause after a number of strong days which allows overbought indicators to unwind. Certainly resistance levels were reached.

On the long side you have the physical market looking to position for the fourth quarter and keen to take advantage of any retracements - remember that China has been out this week. On the short side you have the paper market looking to protect stops above the round number.

We have had a bit of a stand off for the last few days - quite likely that nfp will be a catalyst of some kind - my guess is that we will see some volatile moves around it.....I think any major retracements will be solidly bought.

beeb
  • #21,093
  • Oct 3, 2012 3:17pm Oct 3, 2012 3:17pm
Great post worth two reads
Quoting beeb
I reckon there are a number of factors at play:

Market is taking a pause after a number of strong days which allows overbought indicators to unwind. Certainly resistance levels were reached.

On the long side you have the physical market looking to position for the fourth quarter and keen to take advantage of any retracements - remember that China has been out this week. On the short side you have the paper market looking to protect stops above the round number.

We have had a bit of a stand off for the last few days - quite likely that nfp...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #21,094
  • Oct 4, 2012 2:10am Oct 4, 2012 2:10am
http://silver-and-gold-prices.goldpr...-today-to.html
You can always make money tomorrow provided you don't lose it today.
  • #21,095
  • Oct 4, 2012 4:02am Oct 4, 2012 4:02am
Its due to their internal affairs bro not due to international scenarios and market behaviors i think.



Quoting Paras4you
My broker is Nepal Mercantile Exchange Limited, it is affilitated with Chicago Mercantile Exchange.
  • #21,096
  • Oct 4, 2012 9:00am Oct 4, 2012 9:00am
Now from TA perspective:

Gold easy could take 1900 - 1950 mark. 1900 looks more realistik. I would short only below 1770 - 1760 only. With gold euro could go to 1.3050, or in very good conditions to 1.3150.

From FA perspective, stocks should rise, interest should be low, gas prices also - elections...
  • #21,097
  • Oct 4, 2012 1:18pm Oct 4, 2012 1:18pm
Quoting vaidas7777
Now from TA perspective:

Gold easy could take 1900 - 1950 mark. 1900 looks more realistik. I would short only below 1770 - 1760 only. With gold euro could go to 1.3050, or in very good conditions to 1.3150.

From FA perspective, stocks should rise, interest should be low, gas prices also - elections...
There are many different forms of TA - could you please explain exactly what TA you are referring to......

Thanks

beeb
  • #21,098
  • Oct 4, 2012 1:44pm Oct 4, 2012 1:44pm
I use these types of TA mainly:
1. EMA 40 close, EMA 18 close, fractals, cci, adx
2. Candelstics, price action
3. S/r, trends
4. Patterns.

Patterns now say, that descending triangle on weekly chart already got average rise for this pattern and if price will go higher, probability of reversing will rise very fast. So the same is in euro. Right now euro got to my point 1.3050, so I can see reversal. Also gold is below 1800, I suspect here we can see pullback, but I will short gold only below 1770. Damn, my prediction changes so fast...
  • #21,099
  • Oct 4, 2012 3:32pm Oct 4, 2012 3:32pm
Quoting vaidas7777
I use these types of TA mainly:
1. EMA 40 close, EMA 18 close, fractals, cci, adx
2. Candelstics, price action
3. S/r, trends
4. Patterns.

Patterns now say, that descending triangle on weekly chart already got average rise for this pattern and if price will go higher, probability of reversing will rise very fast. So the same is in euro. Right now euro got to my point 1.3050, so I can see reversal. Also gold is below 1800, I suspect here we can see pullback, but I will short gold only below 1770. Damn, my prediction changes so fast...
Thanks, that covers plenty of areas - but a chart with explanations might help people work out how you have reached your predictions and allow them to decide whether they agree with your reasoning

beeb
  • #21,100
  • Oct 4, 2012 8:26pm Oct 4, 2012 8:26pm
All eyes on gold!
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Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
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