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

  • #17,121
  • Mar 6, 2012 12:13pm Mar 6, 2012 12:13pm
You have to accept losing and move on. Losing is certainty for all of us. Set a stop and forget it.

Regardless of however you determine (TA, FA or the stars) your trading parameters.
  • #17,122
  • Mar 6, 2012 12:32pm Mar 6, 2012 12:32pm
I've closed most of my position now from 1,720.83. I'm going to let the rest run...chart H4
Attached Image (click to enlarge)
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  • #17,123
  • Mar 6, 2012 12:45pm Mar 6, 2012 12:45pm
Quoting SunTrader
You have to accept losing and move on. Losing is certainty for all of us. Set a stop and forget it.
I've found it is the only way to trade without stress.

Looking for good RR ratio oportunities. Accept losses, and let the next trades bring your money back with profits.

When we trade without stop loss and we don't want to accept that we are in a bad trade, we are exposed to big loses.

In the other hand, once your stop loss is hit, once and again, you become so determined to place winning trades that you get sharper, pick better trades and you stop chasing the market.

(I-We-You. hahaha... I'm stepping out from the picture!)
  • #17,124
  • Mar 6, 2012 12:48pm Mar 6, 2012 12:48pm
Nicely done fuse!
  • #17,125
  • Mar 6, 2012 12:54pm Mar 6, 2012 12:54pm
Quoting jsr
Nicely done fuse!
Thanks jsr. I think we might have a bit of a pullback from this level. I'm gona watch to see what happens from here.
  • #17,126
  • Mar 6, 2012 5:21pm Mar 6, 2012 5:21pm
Quoting llrickkll
hey guys,

I hope this is helpful.

Xtrade or anybody familiar with andrew pitchfork, I will appreciate your input.

Thanks,

R
do you mean the price will retrace on the lower line or how possible it would penetrate thru the lower line like the middle line where the prices were down and up? care to share? tq.
  • #17,127
  • Mar 6, 2012 5:28pm Mar 6, 2012 5:28pm
this next?
(silver)
Attached Image (click to enlarge)
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  • #17,128
  • Mar 6, 2012 6:19pm Mar 6, 2012 6:19pm
Price has tested 1660 area and nearing channel bottom.

Let's see how she reacts. A short taken last night at 1700+ would have proven fruitful.

Now it may be time to step aside and take profits.

There is a possibility of orders in the 1650 - zone.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,129
  • Mar 6, 2012 6:21pm Mar 6, 2012 6:21pm
Depending on how the line is drawn. To test the broken triangle line the price will come in - time being a factor as well - around 1600.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,130
  • Mar 6, 2012 6:50pm Mar 6, 2012 6:50pm
ok daily has closed - new day, going long. Purple area indicates a demand cluster and empty box represents the WRB hidden gap which was filled. Fibonacci price ratios work as long as price is contained in those 2 initial high and low points therefore i totally disagree when they are only considered as retracements.

now this might not be the "responsive" date, as im using a heliocentric aspect instead of geo which i mostly use.. but if this date shows continuation of current downmoves and no signs of an upswing brewing id wait till the 14th of March and see how price comes into that date as both venuspluto and venus jupiter (geocentrically) occur on the same day. Those tend to have big reactions. So what im going for a long now is sort of a "scout" and its nowhere near my original lot size. probably 2wice smaller. if i win - yahoo. If i don't im not going to lose that much.
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #17,131
  • Mar 6, 2012 7:39pm Mar 6, 2012 7:39pm
Quoting XTrade
Depending on how the line is drawn. To test the broken triangle line the price will come in - time being a factor as well - around 1600.
A few days ago I was going to ask you about that. If the triangle is going to be tested, the more time it takes, the lower the price must go.

If it happens this week, 1585-90, next, 1570-75. etc.

However I'm expecting some support @ 1649, last daily swing low before the breakout of the triangle. So I placed a buy order @ that price. Short term trade, not position. I may place a second one to keep it running.
  • #17,132
  • Mar 6, 2012 8:09pm Mar 6, 2012 8:09pm
Ideally -

We would have liked to have seen an immediate test after the break of the 1650 zone.

This did not happen. The price subsequently hit the channel midline and a slew of things went in the wrong direction.

Manipulation of price, stops being triggered, stacked shorts. Whatever the case may be.

Now, at current, It seems that if the price does test lower it will be so far distant in time that it will become more of a channel / horizontal support and SMA support issue rather than the line.

Unless of course there is another 100$ drop.
Quoting jsr
A few days ago I was going to ask you about that. If the triangle is going to be tested, the more time it takes, the lower the price must go.

If it happens this week, 1585-90, next, 1570-75. etc.

However I'm expecting some support @ 1649, last daily swing low before the breakout of the triangle. So I placed a buy order @ that price. Short term trade, not position. I may place a second one to keep it running.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,133
  • Mar 6, 2012 8:11pm Mar 6, 2012 8:11pm
I just set the account up and needed to close a trade to aggregate the data.

I threw on some trades I am taking live.

Primarily because this thread is based on gold and silver we should use it for that purpose, however there is no reason we can't test currency trades either.

It should appear at the top of the thread in a minute or two.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,134
  • Mar 6, 2012 8:30pm Mar 6, 2012 8:30pm
OK there it is.

I took two trades Long Gold and Silver.

If you want to see the stops and targets on the other trades you have to be my buddy so I guess add me to your list and see if it shows you.

Otherwise I have to add you.

Follow trades at your own risk. Some I have taken live and others I have added as pure speculation.

The account needs to be 1mil in order for us to successfully trade gold and silver
as the margin for one standard lot is in excess of 100,000 due to the fact of there being no leverage...

The other trades are 1:50 leverage
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,135
  • Mar 6, 2012 8:31pm Mar 6, 2012 8:31pm
If you want to add a trade let me know.

Pairs I trade actively in order.
1. Gold / Silver ---
1a. Aussie, Kiwi, Cable, Swissy, Euro, Loonie,
2. AUD/NZD, GBP/JPY, EUR/GBP, USD/JPY
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,136
  • Mar 6, 2012 8:33pm Mar 6, 2012 8:33pm
Quoting sniperfxmy
do you mean the price will retrace on the lower line or how possible it would penetrate thru the lower line like the middle line where the prices were down and up? care to share? tq.
I would say there's the bottom line of pitchfork at about 1650. Price should be able to be supported and Gold should be able to retrace around that area. however, we will need to see how 1650 respond.
  • #17,137
  • Mar 6, 2012 8:43pm Mar 6, 2012 8:43pm
Quoting XTrade
OK there it is.

I took two trades Long Gold and Silver.

If you want to see the stops and targets on the other trades you have to be my buddy so I guess add me to your list and see if it shows you.

Otherwise I have to add you.

Follow trades at your own risk. Some I have taken live and others I have added as pure speculation.

The account needs to be 1mil in order for us to successfully trade gold and silver
as the margin for one standard lot is in excess of 100,000 due to the fact of there being no leverage...

The other trades...
Hi Mr. XTrade,

I have add you to my buddy list, but has not be able to see anything.

Can add me?

Thank you.


breeze
  • #17,138
  • Mar 6, 2012 8:55pm Mar 6, 2012 8:55pm
here is the line and drop -weekly
Quoting XTrade
Aha, yes I remember.

Well the price is dead. However what is important to watch is how long it stays above the 1700 mark without further disruption.

I have added a line that was in my old channel and is now in the new ultra new revised version.

I wish to share this with all so that you are aware of it.

It is the channel midline, or which can be called the no trade zone.

In hindsight - I admit that I should have put more emphasis on this area due to the fact that it appears that the manipulators looked to stack orders precisely in...
Attached Image (click to enlarge)
Click to Enlarge Name: xau midline.GIF Size: 16 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,139
  • Edited 10:21pm Mar 6, 2012 9:51pm | Edited 10:21pm
weekly lows 32.52 and monthly pivot 32.76 hit.
Mar. monthly
38.42
32.76
27.10
weekly
37.36
34.94
32.52
as the month off march begins lets see if she finds support and holds at monthly trendguide at 32.52-76 area and get a weekly close above 34.50

golds break of weekly lows 1680 noted, however lets have a 2nd day confirmation.
also, the stronger monthly trend pivot is 1670 and a normal pattern is to rotate back to monthly trendguide which is in play all we need is to extend back out pushing through 1680.
mar. monthly
1803
1670
1537
eyes on 1680 response from 1670
eyes on 32.76 response from 32.52
  • #17,140
  • Mar 6, 2012 10:23pm Mar 6, 2012 10:23pm
Good numbers.

If 1670 can hold we most likely wont see 1650 or 60.

However if there is another push down, then I suppose 1600 becomes a possibility.

I would like to see silver hold it's ground here and retake that crucial 33 usd mark...

Quoting lilpip
weekly lows 32.52 and monthly pivot 32.76 hit.
Mar. monthly
38.42
32.76
27.10
weekly......................................
eyes on 1680 response from 1670
eyes on 32.76 response from 32.52
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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