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

  • #16,361
  • Feb 14, 2012 6:08am Feb 14, 2012 6:08am
Quoting XTrade
I have a bad foot injury trade well.
night.
I wish you a speedy recovery
  • #16,362
  • Feb 14, 2012 6:16am Feb 14, 2012 6:16am
Quoting nim1984
bot @ 1718, stop = 1712, tgt = 1736

Playing the falling wedge game on 30min chart
I see a triangle pointing to 1716,50.
  • #16,363
  • Feb 14, 2012 8:00am Feb 14, 2012 8:00am
crap, stopped out again. I'm done trading for a while. I will wait for the trend to be clear. I think problem is I'm trying to trade within what I think is wave 4 where the corrections are long-drawn out and complex. This wave is a killer, most whipsaws occur in this wave, so I'm staying out till the 4H chart is clearly bullish/bearish.
  • #16,364
  • Feb 14, 2012 8:34am Feb 14, 2012 8:34am
Ok, now we are moving.

Order still in place.

Triangle faked a break downwards and now going north.

Descending channel is broken.

Still 1733 need to be broken so i can get filled.
  • #16,365
  • Feb 14, 2012 8:55am Feb 14, 2012 8:55am
Quoting XTrade
I have a bad foot injury trade well.
night.
oh man until now i thought it is some trading term, i pray that your foot gets well, what happened? how did you injure it?
  • #16,366
  • Feb 14, 2012 9:15am Feb 14, 2012 9:15am
X i hope ur foot is better


is it just me or is it a deja vu? i have a feeling u wrote that before....

happy valentines day everyone
Have I got something on my face, SOLDIER?
  • #16,367
  • Feb 14, 2012 9:19am Feb 14, 2012 9:19am
Quoting jsr
Ok, now we are moving.

Order still in place.

Triangle faked a break downwards and now going north.

Descending channel is broken.

Still 1733 need to be broken so i can get filled.
... On what timeframe.....


M30=
http://puu.sh/gTJm


D1
http://puu.sh/gTJw

I mean yeah it punched through briefly, but I wouldnt call that a decisive breakthrough, yet anyway
  • #16,368
  • Feb 14, 2012 9:37am Feb 14, 2012 9:37am
I put it all together in this H4 chart.

The triangle is in blue.

As we are ranging, I used recent tops and bottoms.

Better in m30.

In m30 it is easier to see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUXH4-20120214.png Size: 69 KB
Click to Enlarge Name: AUXm30-20120214.png Size: 53 KB
  • #16,369
  • Feb 14, 2012 11:00am Feb 14, 2012 11:00am
Tortuous. For three days PA playing around the 18DMA. This could reach lower to test support. Probably needs a catalyst to get this out of neutral.
I have no enemy; I make Incautiousness my Enemy.
  • #16,370
  • Feb 14, 2012 11:36am Feb 14, 2012 11:36am
Quoting jimobiwan
Tortuous. For three days PA playing around the 18DMA. This could reach lower to test support. Probably needs a catalyst to get this out of neutral.
A break below 1700 could send this to search for support at 55D-EMA and 100DMA both near 1687.

BBs closing in to narrow the gap. 45DMA still below the 100DMA and not rising particularly fast despite the rapid ascent of past weeks.
I have no enemy; I make Incautiousness my Enemy.
  • #16,371
  • Feb 14, 2012 12:23pm Feb 14, 2012 12:23pm
Regardless of all our different opinions, im sure we can agree there is some seriously heavy support at 1713-1712, which coincidentally it seems is directly on my H4 upwards trendline
  • #16,372
  • Feb 14, 2012 1:01pm Feb 14, 2012 1:01pm
Quoting HotBiscuits
..... we can agree there is some seriously heavy support at 1713-1712,...
Might be but not there on a daily.

Please post chart images at a manageable size. Thanks.
  • #16,373
  • Feb 14, 2012 1:22pm Feb 14, 2012 1:22pm
Still sitting on the channel (weekly midline) no break yet.

I expect any break to be bought around 1700 or below
1715 doesn't want to budge yet.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #16,374
  • Feb 14, 2012 2:54pm Feb 14, 2012 2:54pm
heres an article:

http://www.thestar.com/business/arti...emands-in-time

think the market is just flat. just trading fatigue with all the dismal news.
  • #16,375
  • Feb 14, 2012 8:19pm Feb 14, 2012 8:19pm
Hints?

http://www.dailyfx.com/forex/fundame...QE3_Clues.html
  • #16,376
  • Feb 14, 2012 9:28pm Feb 14, 2012 9:28pm
Quoting jsr
Hints? .........

"Taken collectively, the Euro area is the world’s largest economy so a downturn there naturally bodes ill for crude oil demand."

Don't know why they would focus on this when the US consumes more oil than anyone including EC.

But I do agree with this:

"Any forthcoming risk aversion after Eurozone GDP dips into negative territory may be an offsetting catalyst. If the outcome bears down on global growth expectations at large and sinks risk appetite, the US Dollar is likely to rise on safe-haven demand, which would amount to de-facto downward pressure on the yellow metal."

As well as if Iran/Israel tensions increase driving up crude and the dollar, knocking the euro and gold etc down.
  • #16,377
  • Feb 14, 2012 9:36pm Feb 14, 2012 9:36pm
I just found another dailyfx's link. Shows alternative scenarios.

http://www.dailyfx.com/forex/fundame...ld_Prices.html
  • #16,378
  • Feb 14, 2012 10:34pm Feb 14, 2012 10:34pm
What do a market like this tell us, where there is no panic selling or panic buying, standing firm at 1700 - 1750. How much speculation do you think there is left in the market?
  • #16,379
  • Feb 14, 2012 10:47pm Feb 14, 2012 10:47pm
If we keep Technicalities aside, if it remains like this i see it in the 1600s after some days and the 1600s look solid support area for gold, let see
  • #16,380
  • Feb 14, 2012 10:56pm Feb 14, 2012 10:56pm
Quoting XTrade
I have a bad foot injury trade well.
night.
get well soon
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