XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1138 | Crypto Craft

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

  • #22,741
  • Edited 9:13am Feb 14, 2013 8:54am | Edited 9:13am
i close my short, it moves very slow down... i dont want any pips from this trend, which is boring...
  • #22,742
  • Feb 14, 2013 9:25am Feb 14, 2013 9:25am
Quoting prototip
i close my short, it moves very slow down... i dont want any pips from this trend, which is boring...
now breaking dec 2012 low..at 1635
  • #22,743
  • Feb 14, 2013 9:27am Feb 14, 2013 9:27am
hi guys what do you think off this chart

i guess it will break 1600
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  • #22,744
  • Feb 14, 2013 9:35am Feb 14, 2013 9:35am
Hi folks, I don't normally post here but I check in and read from time to time. My buddy XTrade got me interested in gold and silver a while back so I started a 50k demo account back at the end of August.

I have discovered I'm really enjoying trading these instruments and although I can't really focus on it as much as I'd like, I'm not doing too bad with them. Actually wish I were doing as well in the currencies with my live account...LOL

Anyway, I'm short gold from 1645.55 right now and looking for the next stop at 1616.44 (23.6). Would enjoy your thoughts on this and thanks in advance.
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Ghost Rider - WWTBMD?
  • #22,745
  • Feb 14, 2013 9:53am Feb 14, 2013 9:53am
long 1635, stoplost 1629...
  • #22,746
  • Feb 14, 2013 9:59am Feb 14, 2013 9:59am
Quoting prototip
long 1635, stoplost 1629...
Not a horrible risk to take IMHO. Pretty tight, so might lose on the stop with price still recovering northward.

I am very curious whether we have a massive inverse head and shoulders formation on the monthly chart.

Very possible that dire news from Europe (haha - the never-ending crisis) would send us down further.

Fundies remain strong, but bank traders remain in control. How low will they risk going? I maintain, although speculative, lots of money is ready to jump on board once price heads low enough.
  • #22,747
  • Edited 10:06am Feb 14, 2013 10:04am | Edited 10:06am
Quoting prototip
long 1635, stoplost 1629, tp 1648...
I am long 1634.5 too, but just for a few if possible. I think 1648 is a bit far fetched, but I don't rule it out.
My previous short TP was 1626, still expecting it somewhere soon. Not sure if the bastards want to refill at 1648?
Or are they just going steamrolling all Long's and go for 1614-1617 zone.... or even below 1600, without the refill.
  • #22,748
  • Feb 14, 2013 10:18am Feb 14, 2013 10:18am
trend is not changed yet... but this trend has much time... so it makes shorter boring ... trade is good idea, but hard and can be dangerus without stoplost...
  • #22,749
  • Feb 14, 2013 10:28am Feb 14, 2013 10:28am
Quoting Stretch
I am long 1634.5 too, but just for a few if possible. I think 1648 is a bit far fetched, but I don't rule it out.
My previous short TP was 1626, still expecting it somewhere soon. Not sure if the bastards want to refill at 1648?
Or are they just going steamrolling all Long's and go for 1614-1617 zone.... or even below 1600, without the refill.
tp 1648 is for a short time, if price moves quickly... later i can change it...
  • #22,750
  • Edited 12:34pm Feb 14, 2013 10:38am | Edited 12:34pm
If gold doesnt touch the S1 support and the 23.6 level, then it may fall , but if it hits the levels , then its the other way round for some time...
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  • #22,751
  • Feb 14, 2013 5:36pm Feb 14, 2013 5:36pm
Quoting albchr
Hi folks, I don't normally post here but I check in and read from time to time. My buddy XTrade got me interested in gold and silver a while back so I started a 50k demo account back at the end of August.

I have discovered I'm really enjoying trading these instruments and although I can't really focus on it as much as I'd like, I'm not doing too bad with them. Actually wish I were doing as well in the currencies with my live account...LOL

Anyway, I'm short gold from 1645.55 right now and looking for the next stop at 1616.44 (23.6). Would...
Yep, I think so.
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Ghost Rider - WWTBMD?
  • #22,752
  • Edited 10:49pm Feb 14, 2013 8:36pm | Edited 10:49pm
Im in agreement with those keeping there eyes open to the 1616-27 area as from my angle looking at the last single monthly timeframe 1627 area is the projected lows for feb.
Looking at 2012 4th quarter or last single quarter 1621 is the projected low.
Looking at the last 3 months 1616 is the projected low.
eyes open to PA and candle formations 1616-1627 area as normal pattern is to extend out from monthly pivot (feb. pivot 1680-84 area) and rotate back.
One thing is certain we will first have to get on the otherside of 1665 area as it is the the single year pivot(primary trend) if were going to run north.
However, first things first whats the weekly and daily trends have to say?
Eyes on 1627 as we watch the candle formations and PA on the 5,15 1hr,4hr .
fri daily
1665
1645-50
1627
Looking at fri area of extra interest are 1627 response.
A rotation back and eyes are on 1645-50 area as thurs retest of the weekly lows breakout of 1649 was confirmed.
Bias is down from 1645-50 area.
  • #22,753
  • Feb 14, 2013 8:38pm Feb 14, 2013 8:38pm
gasp !

i am out of grasp !!

where is what is going on ???
  • #22,754
  • Edited 10:28pm Feb 14, 2013 10:14pm | Edited 10:28pm
Silvers moved through quarterly pivot 30.60 area noted.
Weekly lows breakout at 30.67 area noted.
Thur daily lows breakout @ 30.47 noted.
Fri. eyes on retest of breakout area and response.
Bias is down from 30.60-67 area.
fri. daily
31.36
30.60-67
30.08
  • #22,755
  • Feb 15, 2013 3:20am Feb 15, 2013 3:20am
Quoting lilpip
Im in agreement with those keeping there eyes open to the 1616-27 area as from my angle looking at the last single monthly timeframe 1627 area is the projected lows for feb.
Looking at 2012 4th quarter or last single quarter 1621 is the projected low.
Looking at the last 3 months 1616 is the projected low.
eyes open to PA and candle formations 1616-1627 area as normal pattern is to extend out from monthly pivot (feb. pivot 1680-84 area) and rotate back.
One thing is certain we will first have to get on the otherside of 1665 area as it is...
Ghost Rider - WWTBMD?
  • #22,756
  • Feb 15, 2013 5:47am Feb 15, 2013 5:47am
Silver break down below 30, do you think will go lower?
Keep It Simple
  • #22,757
  • Feb 15, 2013 5:57am Feb 15, 2013 5:57am
Came down as expected....cheers...maycome down still as EURUSD is going up.......
  • #22,758
  • Feb 15, 2013 6:23am Feb 15, 2013 6:23am
Quoting powermatrix
Came down as expected....cheers...maycome down still as EURUSD is going up.......
I just started trading silver, you say usually EUR pairs predict silver price?
Keep It Simple
  • #22,759
  • Feb 15, 2013 7:33am Feb 15, 2013 7:33am
where is the next stop, this question maked gold populer...
  • #22,760
  • Feb 15, 2013 7:57am Feb 15, 2013 7:57am
Quoting kis
I just started trading silver, you say usually EUR pairs predict silver price?
According to me , trading gold and silver is very simple , the method is not to be greedy ..just book if u r in profits , thats my strategy , no target...

Here the EURUSD pair , just reached the Pivot point and sustained a little time , till then gold came down , as soon as it started coming down , gold shoot up....

And also in the Silver , it touched the S2 level , so u can choose to close the positions...this is for intraday .. guys who prefer positionals have to have different strategies...
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