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

  • #30,181
  • Dec 11, 2013 11:46am Dec 11, 2013 11:46am
Quoting Vachus
{quote} What positive correlation ? The DXY ( Dollar index ) has been selling to the ground the last two days ... {image}
sorry for misunderstanding… it was my mistake not mentioning the TF…..i was reffering for the last couple of hours
The good thing with the future is that it is progressively approaching...
  • #30,182
  • Dec 11, 2013 11:51am Dec 11, 2013 11:51am
Quoting namaus
{quote} May be, tomorrow guy.
I dunno bud. I think it could be today. My today is Australia's yesterday and Hawaii's tomorrow (in a sense..)
You win, you lose. All else is history. The future does not exist.
  • #30,183
  • Dec 11, 2013 11:52am Dec 11, 2013 11:52am
Quoting The Rhodie
Hello 1247. How are you buddy? Here I come to meet you...
Now the probabilities are with your statement...

you can give him my regards as well...
The good thing with the future is that it is progressively approaching...
  • #30,184
  • Dec 11, 2013 1:12pm Dec 11, 2013 1:12pm
Quoting spinozagr
{quote} Now the probabilities are with your statement... you can give him my regards as well...
Will do when market gets there. Wave for the camera as it goes flashing by...

BTW:
wtf does this mean:

"New 52-week-lows spiked to 4 month highs as higher beta muppetry took Trannies down most in almost 4 months." http://www.zerohedge.com/news/2013-1...ed-august-2011

Is beta muppetry some sort of experiment on the Muppets involving radiation? or is it a crash test muppet that popped several trannies corks after 4 months of practice??? I'll never fully understand some people's idioms.
You win, you lose. All else is history. The future does not exist.
  • #30,185
  • Dec 11, 2013 2:35pm Dec 11, 2013 2:35pm
Gold is still selling.
I'm already 10 points in profit with draw down almost non existent!
A few people here tried to dissuade me from remaining in the trade. They were of the opinion that gold is bullish.
Time has told the story so far.
Happy trading guys!
Attached Image
  • #30,186
  • Dec 11, 2013 2:46pm Dec 11, 2013 2:46pm
Quoting pipcenturion
Gold is still selling. I'm already 10 points in profit with draw down almost non existent! A few people here tried to dissuade me from remaining in the trade. They were of the opinion that gold is bullish. Time has told the story so far. Happy trading guys! {image}

Hi Pipcenturion

I would not dissuade you from keeping your short. I am bearish and believe the move up to 1267 area was just a retracement. If price takes out the 1267 high then my thinking is wrong

Olu
If you think you can or cannot do it you are correct
  • #30,187
  • Edited 3:06pm Dec 11, 2013 2:53pm | Edited 3:06pm
Quoting Vachus
The hourly close 20.406 is not a good sign, if current hour closes under 20.34 its even more bad sign for the range .... a possible revisit to the support 20.20 is due, if not then it will ferry without me!
8 hours ago

Quoting Vachus
{quote} Long baised, but i'm waiting for a daily confirmation on Sliver for next day candle , this is how i'm looking at it:
A close above 19.77 momentum is so & so A close above 20.0X Momentum is good ........... above 20.19 is strong ............ above 20.34 is super strong
Same plan applies ... if it doesn't make it there near/ at London opening, i will reevaluate! For now, bears should have their day and i will be watching if their muscles stretches. The bounce towards 20.44 was quite interesting to watch, the bears had an open window to take it lower but it went the opposite way. Also, how the range is been protected with buyers under it - should provide a sense of bullish momentum.

Edit: IMHO shorts should be avoided & i'm looking for long entries only.
"It's the Margin, Stupid."
  • #30,188
  • Dec 11, 2013 5:20pm Dec 11, 2013 5:20pm
Quoting bugsbunny110
For me till now, I am waiting to see 1250 to enter Long, otherwise will not be safe Waiting

so do u make it?

USD bad news lead to it down

so great to see it down to ur expectation ^^
  • #30,189
  • Dec 11, 2013 6:22pm Dec 11, 2013 6:22pm
Quoting pipcenturion
Gold is still selling. I'm already 10 points in profit with draw down almost non existent! A few people here tried to dissuade me from remaining in the trade. They were of the opinion that gold is bullish. Time has told the story so far. Happy trading guys! {image}

Re-Accuumulation
insideBars==boss
  • #30,190
  • Dec 11, 2013 6:37pm Dec 11, 2013 6:37pm
A look at H4 suspects that 1252 was a previous resistance turned support. Lets see how it goes from here.
Nevertheless, the decision whether or not to taper caused fear in my trading decision, because in Gold, PA is extremely unpredictable during news release, SL can be immediately wiped out before reaching your TP. How you guys handle it? Trading in gold is indeed emotionally taxing, after trading gold for merely a month or two.
The true fact is market doesn't care, risk mgt is important.
  • #30,191
  • Dec 11, 2013 8:34pm Dec 11, 2013 8:34pm
Quoting XTrade
Welcome! And it comes across JUST FINE. The answer, is two fold. Q1 = Yes, any dip below 20 on silver I am buying regular, SMALL SPREAD silver BARS. They are the cheapest. If I like a coin I will buy Mexican Libertads or the occasional Silver American Eagle. ALSO - It depends on what one of my local dealers has "in the bucket" as it were. Libertads can re-sell in the USA for anywhere from 2 to 5 over spot, for some reason this dealer treats them as just, basic silver rounds. Stupid. But great for me. I play the GSR ratio often [url=http://www.forexfactory.com/showthread.php?p=7094117#post7094117]"Gold...
Good Day Sir,

Thanks for the lengthy response. In short I think silver is the better bet though storing say 3/4kg of gold in a safety box would be a lot easier than the dillema of handling 300/400 kg of Silver. Much research needs to be done. I certainly don't trust to buy it on paper, I want to take it for sure. Buying gold in Asia offer very tight margins. I will look into the process carefully. Thanks again for your post.

Best Regards
  • #30,192
  • Dec 11, 2013 11:34pm Dec 11, 2013 11:34pm
Quoting Vachus
{quote} 8 hours ago {quote} Same plan applies ... if it doesn't make it there near/ at London opening, i will reevaluate! For now, bears should have their day and i will be watching if their muscles stretches. The bounce towards 20.44 was quite interesting to watch, the bears had an open window to take it lower but it went the opposite way. Also, how the range is been protected with buyers under it - should provide a sense of bullish momentum. Edit: IMHO shorts should be...
Its looking good for bulls so far, as long as 20.21 holds ... still watching, no daily entry yet !

Good morning and good luck
"It's the Margin, Stupid."
  • #30,193
  • Dec 11, 2013 11:49pm Dec 11, 2013 11:49pm
Quoting PIPot
Short on Gold tp 1191
just checking my daily chart
Pecuniae obediunt omnia
  • #30,194
  • Dec 12, 2013 12:20am Dec 12, 2013 12:20am
Quoting Ssm
...suspects that 1252 was a previous resistance turned support. Lets see how it goes from here... How you guys handle it? Trading in gold is indeed emotionally taxing, after trading gold for merely a month or two.
I know what you mean. It looks like there is support @1254. 1252 is an inversion point where it switches from negative to positive. Knowing how gold behaves usually, there has been a shift in behaviour this past month and it now behavs fractally. There used to be definitive moves in swings, but now the market is getting a steady fluctuation like interference patterns with harmonic super-position and nullification patterns where differing wave patterns rippple through the marketplace and intersect at various time points. It's still suffering with interference from the bigger moves yesterday.
You win, you lose. All else is history. The future does not exist.
  • #30,195
  • Dec 12, 2013 12:39am Dec 12, 2013 12:39am
Quoting The Rhodie
{quote} I know what you mean. It looks like there is support @1254. 1252 is an inversion point where it switches from negative to positive. Knowing how gold behaves usually, there has been a shift in behaviour this past month and it now behavs fractally. There used to be definitive moves in swings, but now the market is getting a steady fluctuation like interference patterns with harmonic super-position and nullification patterns where differing wave patterns rippple through the marketplace and intersect at various time points. It's still suffering...
What ?? Ok i think you know what you do Could you Draw some charts: before / after the month that demonstrates what you trying to say ?
  • #30,196
  • Dec 12, 2013 12:43am Dec 12, 2013 12:43am
Looking reaction on 1260-1250 zone
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  • #30,197
  • Dec 12, 2013 1:04am Dec 12, 2013 1:04am
Inserted Video
You win, you lose. All else is history. The future does not exist.
  • #30,198
  • Dec 12, 2013 1:06am Dec 12, 2013 1:06am
Quoting SilberSimon
{quote} What ?? Ok i think you know what you do Could you Draw some charts: before / after the month that demonstrates what you trying to say ?

I have done several already. Look back in my profile history.
You win, you lose. All else is history. The future does not exist.
  • #30,199
  • Dec 12, 2013 1:14am Dec 12, 2013 1:14am
I will add more buy if it reach 1249
  • #30,200
  • Dec 12, 2013 1:23am Dec 12, 2013 1:23am
uff, another drop in gold, but on which trigger?
let's see how far bears will push the price.
some news session later today will surely impact price direction.
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