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

  • #9,861
  • Sep 9, 2011 2:35am Sep 9, 2011 2:35am
Quoting jimobiwan
long 1797.2. 18dma now 1823.7.

watching to see if it can make it for the NY close above 18dma

Just closed the rest of the positions now at 1880. Off on hols to Australia.

Nice to step away completely for a while. Profitable trading to you all.
I have no enemy; I make Incautiousness my Enemy.
  • #9,862
  • Sep 9, 2011 3:09am Sep 9, 2011 3:09am
WTF?
Anything can happen.
  • #9,863
  • Sep 9, 2011 3:15am Sep 9, 2011 3:15am
Quoting ddinnov
WTF?
dont ever forget to use stop loss
  • #9,864
  • Sep 9, 2011 3:33am Sep 9, 2011 3:33am
Quoting ddinnov
WTF?
that's when not 'overleveraging' pays.

really can't wait until tonight!!
trading is my zen
  • #9,865
  • Sep 9, 2011 3:43am Sep 9, 2011 3:43am
Quoting ShirleyLo
that's when not 'overleveraging' pays.

really can't wait until tonight!!
That was one seriously hard and fast move.

Anyone buying on tha way back up yet?
Anything can happen.
  • #9,866
  • Sep 9, 2011 3:47am Sep 9, 2011 3:47am
Quoting Tilf
Seems like price is going to run away to 1880 soon...then smack it down a bit to shake out some longs and then run past 1900 again.

If you connect the previous swing low with recent swing low in the hourly chart..it fits perfect because there was a sort of double bottom on my chart. Same thing with swing highs also. Looks like gold is going to choppy for a few weeks.
Yeah boy. Here we go. Im going long 1 hour before london closes. Its going to 1900+ guys. Brace..Brace..Brace!
Trends I Love Finding
  • #9,867
  • Sep 9, 2011 3:50am Sep 9, 2011 3:50am
Recent decline in Spot Gold is being attributed to stops triggered to the downside below USD 1865 per ounce
COMMODITIES

News wires..

Yeah right! Thanks
Trends I Love Finding
  • #9,868
  • Sep 9, 2011 4:10am Sep 9, 2011 4:10am
Long term trend clearly up. Let the market do what it has to do.

Cheers

Market Investor
  • #9,869
  • Sep 9, 2011 4:29am Sep 9, 2011 4:29am
Quoting MarketInvest
Long term trend clearly up. Let the market do what it has to do.

Cheers

Market Investor
Yeah..such moves are a part of an up trend. Consolidation is necessary so that Gold can break past $2000 and sustain it.
Trends I Love Finding
  • #9,870
  • Sep 9, 2011 4:29am Sep 9, 2011 4:29am
how can you guys so sure that its time for gold to go up flying high to 1900 ... someone kindly explain it to please?
  • #9,871
  • Sep 9, 2011 4:50am Sep 9, 2011 4:50am
Quoting masbagong
how can you guys so sure that its time for gold to go up flying high to 1900 ... someone kindly explain it to please?
even i want to know plz tell us
  • #9,872
  • Sep 9, 2011 4:52am Sep 9, 2011 4:52am
Quoting ddinnov
That was one seriously hard and fast move.

Anyone buying on tha way back up yet?
bought at 1827 (my first support), s/l 1802. t/p 1880 *should adjust this later*

see what happens.
trading is my zen
  • #9,873
  • Sep 9, 2011 5:07am Sep 9, 2011 5:07am
Quoting masbagong
how can you guys so sure that its time for gold to go up flying high to 1900 ... someone kindly explain it to please?
This may sound like a very crap and clueless answer, but it's not.

Gold will always go up.
The question is how far it will drop before reaching new highs.

Take a look at the very long history where you can see the gold price from the last few weeks/months/years.

Done?
Then I repeat, gold will always go up.
  • #9,874
  • Sep 9, 2011 5:19am Sep 9, 2011 5:19am
Quoting Rzr
The question is how far it will drop before reaching new highs.
this part of your answer relieving me so much and makes me remember not to panic easly, because often times when the price drop drastically it makes me panic and to make a proper decission to do hedging or Stop Loosing is became harder... and thanks again to make me remember
  • #9,875
  • Sep 9, 2011 5:32am Sep 9, 2011 5:32am
but I am stopped out ..Charts show little green arrow upwards @ 41.85
stop @ 4140 hmm

bad luck but no worries a loss is loss



Quoting KinG-Solomon
Where'd you pop your buy order exactly?
We cannot direct the winds but we can adjust our sail.
  • #9,876
  • Sep 9, 2011 5:46am Sep 9, 2011 5:46am
Quoting posterboy
but I am stopped out ..Charts show little green arrow upwards @ 41.85
stop @ 4140 hmm

bad luck but no worries a loss is loss
you can make it back on the way back up
Anything can happen.
  • #9,877
  • Sep 9, 2011 6:26am Sep 9, 2011 6:26am
Quoting MarketInvest
Long term trend clearly up. Let the market do what it has to do.

Cheers

Market Investor


The trend is up until it is down..........

How deep are your pockets to stay a drop of several hundreds of USD?
  • #9,878
  • Sep 9, 2011 6:26am Sep 9, 2011 6:26am
Quoting ShirleyLo
bought at 1827 (my first support), s/l 1802. t/p 1880 *should adjust this later*

see what happens.


Have you noticed the DPP at around 1850?
  • #9,879
  • Sep 9, 2011 6:29am Sep 9, 2011 6:29am
Quoting infinitus
Have you noticed the DPP at around 1850?
What you mean by DPP ?
  • #9,880
  • Sep 9, 2011 6:29am Sep 9, 2011 6:29am
Quoting Rzr
This may sound like a very crap and clueless answer, but it's not.

Gold will always go up.
The question is how far it will drop before reaching new highs.

Take a look at the very long history where you can see the gold price from the last few weeks/months/years.

Done?
Then I repeat, gold will always go up.
Yes, it is a crap and useless answer.

Again: how deep are your pockets to sustain a drop of several hundreds of USD?

This baby can walk all the way back to around 700 in the next months/year.....
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