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

  • #31,261
  • Jan 6, 2014 10:07am Jan 6, 2014 10:07am
The game plan, should be quite simple :

Wait for Asia, if price close above the highs of the current spike before the open - then we go into 31 Dec Deja Vu .. if not, then buying momentum is fading !
"It's the Margin, Stupid."
  • #31,262
  • Jan 6, 2014 10:14am Jan 6, 2014 10:14am
Quoting Vachus
That is a sounding alarm , that current movement is on a thin volume ...
Yes.

CME announced all trades stand, which means that spike was a sharp sell off, not an erroneous transaction.
  • #31,263
  • Jan 6, 2014 10:16am Jan 6, 2014 10:16am
Quoting Luther
{quote} Yes. CME announced all trades stand, which means that spike was a sharp sell off, not an erroneous transaction.
What do they mean, by all trades stand ? * I don't understand the expression.
"It's the Margin, Stupid."
  • #31,264
  • Jan 6, 2014 10:19am Jan 6, 2014 10:19am
Quoting Vachus
{quote} What do they mean, by all trades stand ? * I don't understand the expression.

i guess it mean... reasonable pricing.....

correct me if i get wrong meaning..
  • #31,265
  • Jan 6, 2014 10:19am Jan 6, 2014 10:19am
Quoting Vachus
{quote} What do they mean, by all trades stand ? * I don't understand the expression.
It means CME reviewed the transactions, and they weren't caused by technical error.
  • #31,266
  • Jan 6, 2014 10:22am Jan 6, 2014 10:22am
Quoting Luther
{quote} It means CME reviewed the transactions, and they weren't caused by technical error.
So, its not a glitch - there is a selling pressure that caused all of that ? ...
"It's the Margin, Stupid."
  • #31,267
  • Jan 6, 2014 10:23am Jan 6, 2014 10:23am
Quoting Luther
{quote} It means CME reviewed the transactions, and they weren't caused by technical error.

ic.... thank you.

May i know is this the first time happen in 1 min spike like this ?
  • #31,268
  • Jan 6, 2014 10:25am Jan 6, 2014 10:25am
Quoting Vachus
{quote} So, its not a glitch - there is a selling pressure that caused all of that ? ...
If you look at the amount of contracts, it wasn't a large sentiment sell off. It was under 1 Billion USD. It may well have been a single fund dumping at their preferred price.
  • #31,269
  • Jan 6, 2014 10:28am Jan 6, 2014 10:28am
Quoting Luther
{quote} If you look at the amount of contracts, it isn't a large sentiment sell off. It was under 1 Billion USD. It may well have been a single fund dumping at their preferred price.
If i understand correct , the amount traded was 40 Million on the dollar with a commodity that at least move 10-15 dollars a day .. which hedge fund is big enough to take down a loss like that ?
"It's the Margin, Stupid."
  • #31,270
  • Edited 11:33am Jan 6, 2014 10:35am | Edited 11:33am
Quoting Vachus
{quote} If i understand correct , the amount traded was 40 Million on the dollar with a commodity that at least move 10-15 dollars a day .. which hedge fund is big enough to take down a loss like that ?
It's impossible to say without the details. You'd have to know what price the contracts were bought to calculate the PL.

I meant a single gold fund was the source of the dump versus a broader sentiment sell off, which could be a bank or anyone with a large ETF holding, not a hedge fund specifically.
  • #31,271
  • Jan 6, 2014 11:08am Jan 6, 2014 11:08am
Its probably a fat finger, if its not that then some lame attempt to rig the market backfired.
"Where you want to be is always in control, never wishing, always trading.
  • #31,272
  • Jan 6, 2014 11:16am Jan 6, 2014 11:16am
Anyone trading on alpari MT4 ...made big spike 1275 .!!! Would have made good profits if you were in buy position ...lol
  • #31,273
  • Jan 6, 2014 1:26pm Jan 6, 2014 1:26pm
waiting for silver to breakout up during japan session, gl brothers in arms!
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  • #31,274
  • Jan 6, 2014 3:39pm Jan 6, 2014 3:39pm
Okay girls and guys, here's the follow up on yesterday's day trading / positioning.
As promised, price above 1235 with breach of 1245 respecively we would see a run on 1250.

Technically large shorts are placed there. Fundies will be for tonight. And a new some news from "beeb" - A lot of market news out this week.
3 day below.



Quoting XTrade
Not much change here on the opening markets. Should price stay above 1235/0 respectively, then 1245 is the target north with a test to 1250 on spike up. Upon breach we may be cleared to hit 75 then try and take 1300 out again. Downside risk is still at large, as of now, again, looking at 1230/1225 respectively to need to close below then to try and breach 1215/05... If the last several sessions remain, i would expect bursts anywhere around 1215 lower, 1225 higher, then if 1240 cracks and flips, 1240 burst to new weekly high. imo {image}
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,275
  • Jan 6, 2014 3:55pm Jan 6, 2014 3:55pm
testing support to confirm break or break down "support pullback failure".....

Doubtful any failure. Much that is.

Physical demand is coming in strong against the synthetics..... IMO
XT-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #31,276
  • Jan 6, 2014 5:32pm Jan 6, 2014 5:32pm
agree 1250. uptrand is going on
1252 must be tested today
  • #31,277
  • Jan 6, 2014 7:46pm Jan 6, 2014 7:46pm
When I see moves like that 1 minute sell off today and that bounce immediately right back up, I think to myself "manipulation"

Wonder if it was to hit the longs stops. All markets are rigged, that is for sure

I didn't get hit because I had no position but that move was obvious manipulation IMO.
  • #31,278
  • Jan 6, 2014 8:25pm Jan 6, 2014 8:25pm
monthly .......................
https://www.tradingview.com/v/MaQZohq5/
  • #31,279
  • Jan 6, 2014 8:35pm Jan 6, 2014 8:35pm
stops were taken, gap was closed, so… only long 1255 today 1284 - next week
TP - 1255, then plan to buy again and again...
  • #31,280
  • Jan 6, 2014 9:23pm Jan 6, 2014 9:23pm
Quoting razaali
monthly ....................... https://www.tradingview.com/v/MaQZohq5/
Put your short order now, you can earn a lot of green pips. Do you dare, mate???
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