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

  • #19,521
  • Jun 23, 2012 6:22am Jun 23, 2012 6:22am
Quoting netfrofit
Ending DownTrend ??
Can't say. I don't know how to read your indi.

I see price reversal after touching lower boundaries, but I also see a descending slope in the indi.

So, how do you read it?
  • #19,522
  • Jun 23, 2012 7:05am Jun 23, 2012 7:05am
June 22 (Reuters) - Money managers increased their net long position in gold and silver in the week to June 19, data from the Commodity Futures Trading Commission (CFTC) showed, as signs of a worsening euro zone debt crisis and economic slowdown around the world boosted precious metals buying.

They boosted their net longs in gold by 4,962 to 104,646 lots. The group also added their net longs in silver by 178 to 7,490 contracts, while it trimmed their net short position in copper by 1,449 to 11,897 contracts.

Selected categories from the CFTC weekly Commitment of Traders report:
FUTURES + OPTS Managed Swaps Producer Net Chg Net Chg Net Chg Gold 104,646 4,962 -19,302 7835 -147,487 -13,443 Silver 7,490 178 15,825 1671 -36,311 -37 Copper -11,897 1,449 42,997 229 -19,144 -777
  • #19,523
  • Jun 23, 2012 7:15am Jun 23, 2012 7:15am
Quoting Tsotsi
That's one very interesting indicator you have there, Netfrofit. What the name of that indicator & where can one get a copy?
Just Original Indicator in Metatrader 4/5 moving average LWMA 24

let see on Monday Evening/Night.
  • #19,524
  • Jun 24, 2012 4:53pm Jun 24, 2012 4:53pm
Quoting netfrofit
Just Original Indicator in Metatrader 4/5 moving average LWMA 24

let see on Monday Evening/Night.
How do you shift your lines vertically, please?
  • #19,525
  • Jun 24, 2012 9:56pm Jun 24, 2012 9:56pm
Quoting ikdenk
How do you shift your lines vertically, please?
that is add some level in Moving Average indicator (MT4 indicator builtin) from navigator or menu insert > indicator indicator > trend
  • #19,526
  • Jun 24, 2012 10:49pm Jun 24, 2012 10:49pm
Quoting XTrade

BY THE WAY WHERE DID THE PRICE STOP???

1618 as aforementioned. Sometimes you do know.

You don't like it ? take a f-ing hike.
Hey Xtrade where are you buddy? Ive noticed youve been silent since it flew down. Thought id just bump up this post to remind you gold is at 1570. What is that? 450 pips below where you KNEW it was going to bounce from? lol ok. If everyone listed to you on that call theyd be having some serious drawdown right now.

I dont mean to continue brooding over this, but I want you to see that your claims have the potential to be quite harmful to naive newbies who will perhaps believe what you write as fact.
  • #19,527
  • Jun 25, 2012 1:24am Jun 25, 2012 1:24am
Quoting HotBiscuits
Hey Xtrade where are you buddy? Ive noticed youve been silent since it flew down. Thought id just bump up this post to remind you gold is at 1570. What is that? 450 pips below where you KNEW it was going to bounce from? lol ok. If everyone listed to you on that call theyd be having some serious drawdown right now.

I dont mean to continue brooding over this, but I want you to see that your claims have the potential to be quite harmful to naive newbies who will perhaps believe what you write as fact.

I appreciated what Xtrade and other senior members had done.

But Xtrade's Linked Explorer touched to this thread seems meaningless to us for two main reasons.

First, its a demo account and also with other trading pairs which confused many newbies who only trade in GOLD.

Second, wow, you never put a stoploss at your trading which is extremely wrong even from the basic view of some textbooks.

So, please take the Linked Explorer apart from this thread.

Sorry for my bad English as a Chinese follower here.
  • #19,528
  • Jun 25, 2012 2:10am Jun 25, 2012 2:10am
Quoting netfrofit
that is add some level in Moving Average indicator (MT4 indicator builtin) from navigator or menu insert > indicator indicator > trend
Sorry, there must be some language barrier here.

I know how to get the LWMA24 indicator on the chart.

But your chart shows the same indicator, copied several times above and below the original LWMA24.

How do you do THAT, please?
  • #19,529
  • Jun 25, 2012 3:22am Jun 25, 2012 3:22am
Quoting cnnewt61
I appreciated what Xtrade and other senior members had done.

But Xtrade's Linked Explorer touched to this thread seems meaningless to us for two main reasons.

First, its a demo account and also with other trading pairs which confused many newbies who only trade in GOLD.

Second, wow, you never put a stoploss at your trading which is extremely wrong even from the basic view of some textbooks.

So, please take the Linked Explorer apart from this thread.

Sorry for my bad English as a Chinese follower here.
Trading without a stoploss is not extremely wrong. Just dangerous. There are people who are willing to accept the risks that come with trading without a SL.
Education has its reward, ignorance has its price.
  • #19,530
  • Jun 25, 2012 3:44am Jun 25, 2012 3:44am
Quoting Uneek
Trading without a stoploss is not extremely wrong. Just dangerous. There are people who are willing to accept the risks that come with trading without a SL.
Very dangerous actually, another major event like 9/11 or a tsunami and your account goes poof in a second...Especially now during the European crisis
  • #19,531
  • Jun 25, 2012 7:11am Jun 25, 2012 7:11am
Why with the homes sales increasing, gold has gone up?
  • #19,532
  • Jun 25, 2012 7:19am Jun 25, 2012 7:19am
Quoting imanmoazzeni
Why with the homes sales increasing, gold has gone up?
what does gold have to do with new home sales in usa.... gold should drop as economy is looking better
Wooooohooooo or Boooooohooooo
  • #19,533
  • Jun 25, 2012 7:21am Jun 25, 2012 7:21am
It was just a fakeout along with the US currency pairs. It went up enough to take out stops (mine included) and now it's continuing downward.
You can always make money tomorrow provided you don't lose it today.
  • #19,534
  • Jun 25, 2012 7:29am Jun 25, 2012 7:29am
I doubt that slight increase is going to have an effect on gold. Especially when you consider it is still pretty low compared to 2010/ 2011. Could just be a few rich people buying really expensive homes.
Education has its reward, ignorance has its price.
  • #19,535
  • Jun 25, 2012 7:43am Jun 25, 2012 7:43am
yes! make me confuse wtf!!!

Quoting imanmoazzeni
Why with the homes sales increasing, gold has gone up?
  • #19,536
  • Jun 25, 2012 7:44am Jun 25, 2012 7:44am
Quoting ikdenk
Sorry, there must be some language barrier here.

I know how to get the LWMA24 indicator on the chart.

But your chart shows the same indicator, copied several times above and below the original LWMA24.

How do you do THAT, please?
Ok! only adding several level + & - try add level +30 and -30 if 4 digit broker or 300 and -300 for 5 digit broker
  • #19,537
  • Jun 25, 2012 9:08am Jun 25, 2012 9:08am
missed $20 jump from this morning's low...a 4h close above 158x should take us to 159x price range....a close below 1580 will see 156x again today...ihmo
Wooooohooooo or Boooooohooooo
  • #19,538
  • Jun 25, 2012 9:23am Jun 25, 2012 9:23am
Quoting gnomoneey
what does gold have to do with new home sales in usa.... gold should drop as economy is looking better
http://www.zerohedge.com/news/new-ho...-means-context

economy is looking better... Really?
  • #19,539
  • Jun 25, 2012 9:23am Jun 25, 2012 9:23am
Quoting gnomoneey
missed $20 jump from this morning's low...a 4h close above 158x should take us to 159x price range....a close below 1580 will see 156x again today...ihmo
I was going to go long too. After the reaction on the New Home Sell, we could clearly see that people were starting to be bullish on gold. We might have touched the week low
Alternatives are more important than the plan itself
  • #19,540
  • Jun 25, 2012 9:28am Jun 25, 2012 9:28am
Quoting Sreym33
http://www.zerohedge.com/news/new-ho...-means-context

economy is looking better... Really?
as you can see from the chart that sales have been increasing, and yes not the highs from 2006...but improving and not declining but from what i've heard foreclosures are up and will increase also...and also election year...
Wooooohooooo or Boooooohooooo
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