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

  • #16,141
  • Feb 5, 2012 9:22pm Feb 5, 2012 9:22pm
Quoting forexfacts
$1735 at the moment.

So $1790 first or $1680 ?

$1790, im going on news...
  • #16,142
  • Feb 5, 2012 9:32pm Feb 5, 2012 9:32pm
Quoting lilpip
Id say going forward you might want to reconsider your mm as there has been some major areas for a rescue of that position.
Thanks for suggestion
yes i know that was a bad decision and in last 2-3 months i'm learing MM,RM and S/D principles and practising the same.
below is the result of same.
time period is nov 25 to today.
this thread have helped me alot specially analysis from u,X,Sun,bump,lilpip,serym and other active experienced members.
still long journey to accomplish.
thanks guys
Attached Image (click to enlarge)
Click to Enlarge Name: 6.png Size: 23 KB
  • #16,143
  • Feb 5, 2012 9:49pm Feb 5, 2012 9:49pm
Quoting jaimini
Thanks for suggestion
yes i know that was a bad decision and in last 2-3 months i'm learing MM,RM and S/D principles and practising the same.
below is the result of same.
time period is nov 25 to today.
this thread have helped me alot specially analysis from u,X,Sun,bump,lilpip,serym and other active experienced members.
still long journey to accomplish.
thanks guys
tat looks like a wonderful equity curve. veery balanced and consistent keep it up.
Have I got something on my face, SOLDIER?
  • #16,144
  • Feb 5, 2012 10:02pm Feb 5, 2012 10:02pm
Super zoomed in weekly.

I have included AGRO as a handle in the title b/c that's my name on a gold forum. It was taken here thus XTrade. Which has multiple meanings.


Enough. The chart says it all

TARGET 2100
Quoting XTrade
About bearish pullback / "we need to go down"

TA can only help us project future price.

In trading, it is likely that after a breakout of $80 + out of a range of $10
There will be some correction.

This does not mean a full fledged reversal.

Let me remind you, the price has been sliding and we have broken major resistance to the UPside.

Wait for the supports (old resistances) to be tested. Then make a decision.

All I see on the weekly is a candle waiting for the next movement.
A hanging man or some other such name.

This...
Attached Image (click to enlarge)
Click to Enlarge Name: Gold Updated Weekly Feb 3.GIF Size: 46 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,145
  • Feb 5, 2012 10:05pm Feb 5, 2012 10:05pm
zzzzz....

Finding a bit of resistance at 1733. Gonna wait until London before I make any moves.
  • #16,146
  • Feb 5, 2012 10:12pm Feb 5, 2012 10:12pm
Glad to help
Hope we made you some money!
Quoting jaimini
Thanks for suggestion
yes i know that was a bad decision and in last 2-3 months i'm learing MM,RM and S/D principles and practising the same.
below is the result of same.
time period is nov 25 to today.
this thread have helped me alot specially analysis from u,X,Sun,bump,lilpip,serym and other active experienced members.
still long journey to accomplish.
thanks guys
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,147
  • Feb 5, 2012 10:15pm Feb 5, 2012 10:15pm
2100 might be the "target" - but i dont think wed go there before a drop.

sivler chart on daily TL retest and 161.8 fib projection since first wave of uptrend on that support at $27


btw one of PA formations i use is the fake channels.
almost like a hidden wedge but its actauly a channel. gold made one nicely. price uptrends but then slopes and makes a channel at an angle that would more or less suffice for the formation. which it did. same with bearish trends. if it drops then makes a slight twitch in the price's slope of movement - and channels downwards. thats a fake.
Attached Image (click to enlarge)
Click to Enlarge Name: silver.gif Size: 31 KB
Have I got something on my face, SOLDIER?
  • #16,148
  • Feb 5, 2012 10:23pm Feb 5, 2012 10:23pm
In Gold support and resistance trading works well.

Channels and forks as well.

Now.

We are above the channel midline and the bears had a chance to push through.

We have BEEN CORRECTING FOR WEEKS IT IS TIME TO RISE.

There was MAJOR documented conformation of a breach in downward momentum by myself in this thread.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,149
  • Feb 5, 2012 10:40pm Feb 5, 2012 10:40pm
look again at chart of quoted post
Quoting XTrade
Super zoomed in weekly.

I have included AGRO as a handle in the title b/c that's my name on a gold forum. It was taken here thus XTrade. Which has multiple meanings.


Enough. The chart says it all

TARGET 2100
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,150
  • Feb 5, 2012 10:43pm Feb 5, 2012 10:43pm
silver 33.50+
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,151
  • Feb 5, 2012 10:49pm Feb 5, 2012 10:49pm
g/l

don't use pivots much on gold only currency.

tip.

if channel midline becomes resistance / sustained, possible 10 -20 usd short to channel bottom,

doubtful but anything is possible.
Quoting fuse
Hi everyone, have been waiting for a good spot to enter short. Price seems to be finding some resistance at daily pivot. So I have entered a short position from 1,735.20 SL 1,740.50. I have an open target at the moment, I will watch to see where price goes. See chart H1
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,152
  • Feb 5, 2012 11:26pm Feb 5, 2012 11:26pm
Quoting XTrade
g/l

don't use pivots much on gold only currency.

tip.

if channel midline becomes resistance / sustained, possible 10 -20 usd short to channel bottom,

doubtful but anything is possible.

I find pivots useful on gold, and yes I am looking to target 1,715.20. However there are plenty of resistance points on the way down so will close this trade if the set-up looks to be going against me.

BTW I enjoy your thread very much, one of the best on FF
  • #16,153
  • Edited 12:12am Feb 6, 2012 12:01am | Edited 12:12am
Thanks,
Glad to hear you speak.

I don't use them on Gold due to my system. I hcave no use.
I do use them on currency, thus, appreciate their value.

I find gold and silver too ERRATIC to be pegged to a pivot. and prefer support/resistance MAs and of course the weekly channel and prevailing trend.

Use them if they benefit you.

Ultimately I find the best indicator is GUT instinct/ after practice / FAILURE a willingness to NOT QUIT and FINALLY success... .
research and learning.
Two words

PRICE ACTION.
Quoting fuse
I find pivots useful on gold, and yes I am looking to target 1,715.20. However there are plenty of resistance points on the way down so will close this trade if the set-up looks to be going against me.

BTW I enjoy your thread very much, one of the best on FF
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,154
  • Feb 6, 2012 12:59am Feb 6, 2012 12:59am
When someone calls for a crash to the 1600s and below and the price rockets up 80 + bucks far past 1700. I wouldn't be loading shorts, especially after the SYM T pattern
break ON THE WEEKLY.

Sorry Couldn't help myself......... I would say they are stopped OUT.

http://www.forexfactory.com/showthre...02#post5319002
Wrong so many times.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,155
  • Feb 6, 2012 1:01am Feb 6, 2012 1:01am
Quoting fuse
Hi everyone, have been waiting for a good spot to enter short. Price seems to be finding some resistance at daily pivot. So I have entered a short position from 1,735.20 SL 1,740.50. I have an open target at the moment, I will watch to see where price goes. See chart H1
I have closed most of my position, moved the rest to BE. Will hold now to see what happens. Chart H1
Attached Image (click to enlarge)
Click to Enlarge Name: Gold6feb12.png Size: 51 KB
  • #16,156
  • Feb 6, 2012 1:05am Feb 6, 2012 1:05am
fell through 1715. looks like it going down for quite a while.
  • #16,157
  • Feb 6, 2012 1:06am Feb 6, 2012 1:06am
Traders
Remember the midline.
Short below, long above.

No position = Best position if not in profit.

Midline is used for a no entry basis when not holding cargo.

We will hit my target. No one said it would be overnight.
Just as the triangle took weeks to build it could take weeks to finish.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,158
  • Feb 6, 2012 1:40am Feb 6, 2012 1:40am
Quoting XTrade
Traders
Remember the midline.
Short below, long above.

No position = Best position if not in profit.

Midline is used for a no entry basis when not holding cargo.

We will hit my target. No one said it would be overnight.
Just as the triangle took weeks to build it could take weeks to finish.

hey mate we did hit 1713 and below 1706 might bounce from their , if we close below 1706 nothing can stop this shitt to 1650
might be wrong
  • #16,159
  • Feb 6, 2012 1:45am Feb 6, 2012 1:45am
look to the 21 ma on the weekly for entry in case of midline dip.

if there is a close below, wait and on my advice buy,

Shorting gold as an FX player or a newbie or a PRO TRADER had surely been the LOSING trade of the past T E N Y E A R S
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,160
  • Feb 6, 2012 1:49am Feb 6, 2012 1:49am
uptrend is over for now. 1x1 line breached.
Attached Image (click to enlarge)
Click to Enlarge Name: breached.gif Size: 24 KB


square moved as it expired - and now the target is the bullish 1x1 line - marked in white.
Attachment


agree with kill56. 50% of range is 1640.

so very likely.
Attached Image (click to enlarge)
Click to Enlarge Name: target_marked_in_white.png Size: 46 KB
Have I got something on my face, SOLDIER?
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