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

  • #32,281
  • Jan 31, 2014 10:45am Jan 31, 2014 10:45am
Still move in predictable range......
.

DRT


http://i59.tinypic.com/akefy0.png
  • #32,282
  • Jan 31, 2014 11:08am Jan 31, 2014 11:08am
Quoting goldJunkie
{quote} I got two shorts @ 1252 with SL @ 1280 and I would be happy to test this SL. Any advise would be highly appreciated.
I have a stupid question, I know it is stupid but please answer me?

In your comment, What did you do? Sell or buy gold?
  • #32,283
  • Jan 31, 2014 11:40am Jan 31, 2014 11:40am
H4 is in downtrend while D1 is still in uptrend.

H4 upsloping Andrew's Picthfork had a second and third test to warning line.

I try new median lines when a (LL-HH-LL) or (HH-LL-HH) combination is made in the time frame. In this case a H4 upsloping Mod Schiff shows price reaction at it's ML and then price went south.

My trading decisions are based on supply and demand zones, but I like to look for confluence with trendlines and pitchforks.
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  • #32,284
  • Jan 31, 2014 1:41pm Jan 31, 2014 1:41pm
Been on break, Hopefully this thread has been upheld by the members that care. You know who you are.

I have been alerted of a possible new "troll" and will begin readback now. Hopefully this is not the case.
Thanks,
XT-

BTW if she can't crack 1230 we go back up. 1240 is limbo zone.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,285
  • Jan 31, 2014 1:42pm Jan 31, 2014 1:42pm
Quoting ttkien_it
{quote} I have a stupid question, I know it is stupid but please answer me? In your comment, What did you do? Sell or buy gold?
He sold gold.
You win, you lose. All else is history. The future does not exist.
  • #32,286
  • Jan 31, 2014 1:43pm Jan 31, 2014 1:43pm
Quoting Ssm
{quote} {image} Price just fell thru a channel. I will be careful of buying retracement. Also, the moving averages are heading down.
Still stuck in 19. no big deal here on silver, gold and platinum got hit harder this week, At least we have a nice 30 USD trading appx range now.

for AU that is.

PLEASE INCLUDE TIME FRAMES ON YOUR CHARTS - THis is not a guessing game.

Discussing MAs on different TFs varies GREATLY.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,287
  • Jan 31, 2014 1:47pm Jan 31, 2014 1:47pm
Quoting rambo12
Gold $700/Oz n silver 10-12 bucks
I suppose you are yet another one line "genius'" that likes to stop in and make irrational or wild punts without any sort of EXPLANATION - Reasoning - Justification - charting- or fundamentals...

Care to explain yourself here mate????????
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,288
  • Jan 31, 2014 4:51pm Jan 31, 2014 4:51pm
ascending boardening wedge broken?
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  • #32,289
  • Feb 1, 2014 2:13am Feb 1, 2014 2:13am
Have a nice weekend
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just do it
  • #32,290
  • Feb 1, 2014 4:24am Feb 1, 2014 4:24am
Quoting XTrade
{quote} I suppose you are yet another one line "genius'" that likes to stop in and make irrational or wild punts without any sort of EXPLANATION - Reasoning - Justification - charting- or fundamentals... Care to explain yourself here mate????????

Google it " the gold bubble by yoni jacobs"
  • #32,291
  • Feb 1, 2014 7:34am Feb 1, 2014 7:34am
I think that is a weak up trend (corrective) ,if its starts trending down again lower lows will be seen I think ,judge the yearly last year and think if bears are finished ,



Quoting Bones
I think bulls should be worried about the little w1 going into tl /pivot {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #32,292
  • Feb 1, 2014 9:43am Feb 1, 2014 9:43am
Quoting rambo12
{quote} Google it " the gold bubble by yoni jacobs"
Give me a $%^&ing break...........

That's the best you could do? Bubble? Well from a trader of years it seems that bubble burst YEARS ago when we fell from 1920 to 1180.

You obviously have NO CLEAR UNDERSTANDING of WHAT GOLD IS - why it is traded, it's valuation system, fundamentals or rather anything else related.

And NO thanks "I will not web search anything" I think I know enough at this point not to be dissuaded by idiotic comments like yours.

HAVE A NICE DAY!

XT-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,293
  • Feb 1, 2014 9:46am Feb 1, 2014 9:46am
Quoting Bones
I think that is a weak up trend (corrective) ,if its starts trending down again lower lows will be seen I think ,judge the yearly last year and think if bears are finished , {quote} {image} {image}
Bears aren't doing much, the fall last week was all on news.

Likewise for a trader, these are great swings, shit , 30 USD moves in a day are KEY!

And again, bulls, while leading the CFTC data have the "mass spec" position, aren't doing to much either besides supporting the lows.

The metal will pass 2k. Give it time, and that's from an "investor" standpoint, not as a trader.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,294
  • Edited 10:14am Feb 1, 2014 9:56am | Edited 10:14am
Quoting goldJunkie
{quote} I can post a few screenshots to prove that 1280 was not touched. In some cases it returned from 1278 & in one case 1279. My 2 shorts have not been stopped yet, is that a big deal? I may get stopped later or tomorrow, time will tell. On the other hand if it falls down to 125x range I am thinking of opening two more shorts, your advise would be appreciated. My apologies if I sounded like a spoiled brat in any of my post earlier. I really wish to learn & make some serious money.
Sure, you always get one chance to get out of a bad position. You had that, (@ retest of your short from 1250 appx) now, if you stuck to your guns may be in about a 5 USD move of profit, not much considering you were risking a 30 USD move on a stop to make AN ????? untold profit, i suppose you were just hoping the metal would tank,
that's not how gold works. You need to do some more fundamental research.

And YEAH if I was A BUCK away from being stopped out on a 30USD move, I would be worried a bit.

Get your risk reward and your leverage in line as well.

Just my advice as you asked. You want to learn how to exploit this metal's moves via paper trading take my advice,
LEARN THE HIGHER TIME FRAMES FIRST. LOWER YOUR LEVERAGE TO MAX 50:1 and TRADE MICROS, DO NOT SCALP, or DAY TRADE.
LOOK TO STay in trades for a minimum of 3 days, to a FULL week. Then when you have that down read more, watch charts, not trade them, watch them,
read, read, read, learn the economic calender, who are the major producers, start a futures demo, etc......

Hope it helps.
Luck to you,
XT-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,295
  • Feb 1, 2014 9:57am Feb 1, 2014 9:57am
Quoting XTrade
{quote} Bears aren't doing much, the fall last week was all on news. Likewise for a trader, these are great swings, shit , 30 USD moves in a day are KEY! And again, bulls, while leading the CFTC data have the "mass spec" position, aren't doing to much either besides supporting the lows. The metal will pass 2k. Give it time, and that's from an "investor" standpoint, not as a trader.
XT Sir, what are the news which caused the bearish move? USD news are rather mixed, but bad numbers in increased unemployment claims.
The true fact is market doesn't care, risk mgt is important.
  • #32,296
  • Feb 1, 2014 10:02am Feb 1, 2014 10:02am
Quoting Ssm
{quote} XT Sir, what are the news which caused the bearish move? USD news are rather mixed, but bad numbers in increased unemployment claims.
FOMC specs and positions tanked it. Yet, it still has not gone through 1235 or 1230, 1250 may become resistance,

It's really to be honest a bunch of bullshit that the US GOVMT spews out.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,297
  • Feb 1, 2014 10:06am Feb 1, 2014 10:06am
Quoting Ssm
{quote} XT Sir, what are the news which caused the bearish move? USD news are rather mixed, but bad numbers in increased unemployment claims.
Here take a look and read the side line news report headlines on the RIGHT LOWER SIDE.

This doesn't mean that gold will tank down to 1180, it's just another "day trading" news and fear and all that good stuff has a more profound impact on gold than technical analysis,

TA is useful when there is NO NEWS or other such factors to trade.

Take a look......

Positive consumer confidence as well.. at 10 am EST.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,298
  • Feb 1, 2014 10:12am Feb 1, 2014 10:12am
Tapering continued, ------------- QE 1 was massively bullish for gold. As was 2,
in theory 3 should have been, yet this is when the FED announced the possibility of "tapering" off the program.

Although in the END all it will likely do is create MASSIVE INFLATION - more so than it already has, it will take YEARS to end this program,
as it disintegrates and the FED borrows more money it cannot ever pay back, they print more cash - in turn directly creating inflation which is POSITIVE for a
store of real money or WEALTH like GOLD.

It's complex and confusing at first. All these markets are interrelated - The DOW at 15k plus is due for a massive correction soon, just wait.
Again, this will be gold positive, which the DOw / SP have been taking away large cap spec money from gold - in turn creating a technical range,
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #32,299
  • Feb 1, 2014 10:20am Feb 1, 2014 10:20am
I agree its gonna turn bullish ,I wonder if that could be now but I'm not a gold expert ,
6 months inverted hammer after break and fall ,I prefer thinking thats consolidation as we see now ,
I guess ill know by middle of year ,


Quoting XTrade
{quote} Bears aren't doing much, the fall last week was all on news. Likewise for a trader, these are great swings, shit , 30 USD moves in a day are KEY! And again, bulls, while leading the CFTC data have the "mass spec" position, aren't doing to much either besides supporting the lows. The metal will pass 2k. Give it time, and that's from an "investor" standpoint, not as a trader.
Attached Image (click to enlarge)
Click to Enlarge Name: 6 month Gold Ounce USD.png Size: 44 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #32,300
  • Feb 1, 2014 10:30am Feb 1, 2014 10:30am
Quoting Bones
I agree its gonna turn bullish ,I wonder if that could be now but I'm not a gold expert , 6 months inverted hammer after break and fall ,I prefer thinking thats consolidation as we see now , I guess ill know by middle of year , {quote} {image}
Great analysis. Certainly a consolidation period. Did you notice the double bottom around 1183.5 average (1180 & 1187 lows) on the weekly and daily?

For the "techs" look at some of my recent weeklies. There is massive support trendline wise going higher, if the price tests it, going south, yet, as of now we remain in a range with a slight new northbound trend emerging ---- as well as a discounted price for all the physical buyers.

This is reallllllll.

The major DTLs which were too steep to maintain long term in the first place are almost all gone for both gold and silver. 1 and 1 left.

The MAJOR OVER AND UNDERLYING trend REMAINS UP.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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