XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1506 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #30,101
  • Dec 10, 2013 5:11pm Dec 10, 2013 5:11pm
Quoting morfasie
{quote} Thanks a lot for the help pipcenturion, those lot sizes now, are they then micro lots or mini lots? Is there a way to indicate that? Cheers
See another member helping another out.

CHEERS!

BTW..

1.0 = 1 standard lot
.10 = 1 mini lot
.01 = 1 MICRO lot.

Not sure if that helps but there it is, ==== Using NON-FRACTIONAL pips there is a post I made of how to determine
PRICE MOVEMENTS, in terms of USD for gold on all size lots.

Here
http://www.forexfactory.com/showthread.php?t=222032
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,102
  • Dec 10, 2013 5:14pm Dec 10, 2013 5:14pm
Here's my last tweet of the day: Gold's going to break higher after this post. Probably test or even break 1268 on lowish volume. Gold's gone rogue. The world's gone bad and merry Christmas to all. Hope there's a New Year to come back to.
You win, you lose. All else is history. The future does not exist.
  • #30,103
  • Dec 10, 2013 5:32pm Dec 10, 2013 5:32pm
Quoting morfasie
{quote} Thanks a lot for the help pipcenturion, those lot sizes now, are they then micro lots or mini lots? Is there a way to indicate that? Cheers
You are welcome mate.
the lot size has been set such that you can ONLY take trades in $1/pip sizes and multiples thereof.
For instance,
7 on your excel file would mean $7/pip (7 mini lot size)
3 means $3/pip etc
That's the way the column for lot sizes is set at the moment.
  • #30,104
  • Dec 10, 2013 5:43pm Dec 10, 2013 5:43pm
Quoting pipcenturion
{quote} You are welcome mate. the lot size has been set such that you can ONLY take trades in $1/pip sizes and multiples thereof. For instance, 7 on your excel file would mean $7/pip (7 mini lot size) 3 means $3/pip etc That's the way the column for lot sizes is set at the moment.

Well thanks a lot, I really appreciate the help mate, lovely to have the sheet tell me exactly how much to play and risk etc.
  • #30,105
  • Dec 10, 2013 6:34pm Dec 10, 2013 6:34pm
Quoting The Rhodie
Here's my last tweet of the day: Gold's going to break higher after this post. Probably test or even break 1268 on lowish volume. Gold's gone rogue. The world's gone bad and merry Christmas to all. Hope there's a New Year to come back to.
I suggest you trade this assertion with caution bro.
I see gold visiting 1221 and then quite possibly 1201 before any real up move can start.
Remember gold put in a low at 1180 this year? Have we re-tested anywhere around that level so as to confirm if it truly be a bottom?
I'm on a sell at the moment and would only re-assess when price gets to 1221 EXCEPT of course we take out yesterday's high.
Happy trading guys!
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm5_xtrade.png Size: 34 KB
  • #30,106
  • Dec 10, 2013 7:17pm Dec 10, 2013 7:17pm
Quoting XTrade
{quote} Well, you all will likely be happy that I have CUT a FEW LOOSE ends, on my own accord. - It's all public so just check my Ignore list- There is not really much room here for repetitive, unsubstantiated claims as people come here with money - REAL MONEY (not a demo) at that and look for advice or help. There are some regular rules for the NOOBS in post ONE. Also, the NOOBS should always be given a chance or 5 to learn from the more "experienced" traders here. SO have patience and embrace them kindly. BTW, I think it's about time I opened...
aYe !!

Gold is so tricky.. I can't seem to technically choose a direction, I always have to rely on fundamentals whether it's physical gold or the Usd. :S
  • #30,107
  • Dec 10, 2013 7:20pm Dec 10, 2013 7:20pm
Quoting pipcenturion
{quote} I suggest you trade this assertion with caution bro. I see gold visiting 1221 and then quite possibly 1201 before any real up move can start. Remember gold put in a low at 1180 this year? Have we re-tested anywhere around that level so as to confirm if it truly be a bottom? I'm on a sell at the moment and would only re-assess when price gets to 1221 EXCEPT of course we take out yesterday's high. Happy trading guys! {image}

Have you any charts to backup that statement? I fully disagree with you, you are trading M5 charts, have you looked at the daily chart? H4 chart? You can see price is clearly being rejected from the lows on massive volume. $1300 is my target, here is my chart to back up my analysis.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdd1.png Size: 122 KB
insideBars==boss
  • #30,108
  • Dec 10, 2013 8:15pm Dec 10, 2013 8:15pm
Quoting pipcenturion
{quote} I suggest you trade this assertion with caution bro. I see gold visiting 1221 and then quite possibly 1201 before any real up move can start. Remember gold put in a low at 1180 this year? Have we re-tested anywhere around that level so as to confirm if it truly be a bottom? I'm on a sell at the moment and would only re-assess when price gets to 1221 EXCEPT of course we take out yesterday's high. Happy trading guys! {image}

You dont need to "TEST" a simple one time reaction low for it to be a bottom.

A bottom forms when multiple LOWs are created in ONE PRICE AREA and said area IS NOT BREACHED.

Like LAST week for instance and 1215, supporting 1200. AND NOW, this week, with gains pared and ANOTHER 30 USD straight PUSH NORTH. no shorts following up.

Take a look at the 1180 low on a line chart, doesn't exist.

That is because the CANDLE only moved down as a WICK creating that low and was no doubt, REJECTED.
boosting the price 20 USD+ off the bat.

There has yet to be even a CLOSE below 1200 thus far.

So far, myself included, there have been a SMALL, SMALL SMALL, few to even DARE, suggest we are bottoming,
because everyone is always so SHORT biased and GUNG HO long the Mighty USD...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,109
  • Dec 10, 2013 8:18pm Dec 10, 2013 8:18pm
Quoting adamjn
{quote} Have you any charts to backup that statement? I fully disagree with you, you are trading M5 charts, have you looked at the daily chart? H4 chart? You can see price is clearly being rejected from the lows on massive volume. $1300 is my target, here is my chart to back up my analysis. {image}

CORRECT ANALYSIS.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,110
  • Dec 10, 2013 8:29pm Dec 10, 2013 8:29pm
'nuff said.

Quoting adamjn
{quote} , you are trading M5 charts, have you looked at the daily chart? H4 chart? {image}
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,111
  • Dec 10, 2013 8:35pm Dec 10, 2013 8:35pm
Good Day Gentlemen,

Sorry this is my first post in here but I think it could just about be the right time, I was just wondering, take all this paper aside, is anyone else buying up physical gold at these levels too? Here is my take. When things get ugly again, are we holding a long paper gold, or physical gold we know exists. I feel like we could honestly see gold paper and physical move apart in price. Sounds absurd I know, but the demand for physical now domestically is HUGE, When I look at au/usd it is not reflected?

Sorry if this comes over as provocative. It is the intention, just hoping to find constructive criticism. I am thinking my move next year will be physical gold, of course it needs thorough research.

Best Regards
  • #30,112
  • Dec 10, 2013 8:36pm Dec 10, 2013 8:36pm
Agreed with Xtrade. Looking at the volume supporting the 1211 area with panick buying, looks like the bull don't want it to go further south. We could see a test of the 20dma at 1250 though but still a push to test the 1285 area (50% mt fib) is very likely.
  • #30,113
  • Dec 10, 2013 9:13pm Dec 10, 2013 9:13pm
Welcome!

And it comes across JUST FINE.

The answer, is two fold.

Q1 = Yes, any dip below 20 on silver I am buying regular, SMALL SPREAD silver BARS. They are the cheapest. If I like a coin I will buy Mexican Libertads or the occasional Silver American Eagle. ALSO - It depends on what one of my local dealers has "in the bucket" as it were. Libertads can re-sell in the USA for anywhere from 2 to 5 over spot, for some reason this dealer treats them as just, basic silver rounds. Stupid. But great for me.

I play the GSR ratio often "Gold to Silver ratio". Depending on trading profits and other available funds for Gold investment I try to by again the LARGEST bars I can.

Sometimes like to stack 1/10th ounce SLABBED GOLD American Eagles if I get a deal from an online dealer. But I am really a BULLION / BAR GUY. Otherwise I try to buy any bar around a half oz or in MGs hand poured preferable. When, I am flipping then it is all and always Ounces for Ounces. With the LOWEST SPREAD I CAN FIND.

I also hoard copper US pennies, anything PRE 1982 is 90%+ COPPER.

The ONLY TIME I sell ANY metal is if I need the money for something important, -

AS A physical buyer I also use the market place - XAU/USD to hedge and profit on some of my less attractive physical purchases.

IE: example - Buy silver at 23.00 spread and travel or shipping not included, then price drops to 19.xx I would open up a short at the time I buy if I don't see strength,
this way my investment its HEDGED. This is how to hedge. Or if you want USD exposure, the best pair to trade is USD/CHF. As it mimics the USDX closest.]

My physical investments are at this point fun and a hobby, I have to SEPARATE, my trading mentality from my "investor" mentality ALWAYS, as I know the markets will do what they want, when they want and it is NOT by any means SENSICAL at times.

YET- THE MORE STACKING YOU DO, the MORE MONEY YOU HAVE IN THE BANK, believe me- If all that silver and Gold was in Cash form, it woulda been spent 10 x over,
as gifts for my girlfriend, rent, food, fun, anything and everything. She gets enough gold and silver jewelry as it is anyway. But, girls are girls....

Q2= There already is disconnect as I mentioned this morning between "paper" gold ie: GLD and PHYSICAL metal.

The spot price or on the "spot" or OTC "over the counter" is fixed in London twice a day. This sets the main Global standard for Price for jewelry and trade. Unless you are in NYC or NY where some jewelers and other dealers go by NY spot.

The disconnect GROWS larger as more people naked short and take open interest in funds like GLD which are not directly - meaning "taking delivery" backed by GOLD.

Even the COMEX where gold is still "pit traded" would have serious issues if EVERYONE or even half of the LONG open interest decided to take delivery of physical.
The shorts would die. And the Longs, would likely not get their orders completed fully or on a timely basis.

Take a look and see who has the largest net short position on COMEX silver. Just web search it.

Quoting Pumpndump
Good Day Gentlemen, Sorry this is my first post in here but I think it could just about be the right time, I was just wondering, take all this paper aside, is anyone else buying up physical gold at these levels too? Here is my take. When things get ugly again, are we holding a long paper gold, or physical gold we know exists. I feel like we could honestly see gold paper and physical move apart in price. Sounds absurd I know, but the demand for physical now domestically is HUGE, When I look at au/usd it is not reflected? Sorry if this comes over...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,114
  • Dec 10, 2013 9:55pm Dec 10, 2013 9:55pm
JPM the largest net short position in comex.
  • #30,115
  • Dec 10, 2013 11:17pm Dec 10, 2013 11:17pm
Quoting adamjn
{quote} Have you any charts to backup that statement? I fully disagree with you, you are trading M5 charts, have you looked at the daily chart? H4 chart? You can see price is clearly being rejected from the lows on massive volume. $1300 is my target, here is my chart to back up my analysis. {image}

Hi bro,
the fact that I uploaded a 5 minute chart does NOT in any way imply that I trade off of the 5 minute time frame alone.
I suggest that you go do your own due diligence.

@ XTrade,
kindly take out time to check the volume distribution during the rise to 126x and afterwards.
Have a pleasant trading day people!
  • #30,116
  • Dec 10, 2013 11:43pm Dec 10, 2013 11:43pm
Something worth reading and discuss

http://kingworldnews.com/kingworldne...r_On_Gold.html
  • #30,117
  • Dec 11, 2013 12:59am Dec 11, 2013 12:59am
Daily analysis for Gold:
Short the mother out of it. It cannot rally. If it cannot sell off, we must find out why...
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 150 KB

Compare this with earlier posted image...
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 133 KB
You win, you lose. All else is history. The future does not exist.
  • #30,118
  • Dec 11, 2013 1:58am Dec 11, 2013 1:58am
Is this the way that the market normally behaves? I have seen analysis models and trend systems, fibonacci levels and all sorts, but this seems to describe the markets really well. tThe larger ellipse is only a guess. I don't believe it until the market has told me what it's actually done. As a manual system, this is pretty good imo. It describes market choices that others have made, displays potential positions of larger funds and accurately shows what is actually going on in the market. It does not predict the future, but tells a story of the past and how each player played their hands. An update:
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 134 KB


Detailed view of today so far:
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 11 KB
You win, you lose. All else is history. The future does not exist.
  • #30,119
  • Edited 2:09am Dec 11, 2013 2:05am | Edited 2:09am
Quoting The Rhodie
Daily analysis for Gold: Short the mother out of it.
I respectfully disagree.

On the daily price is struggling to close below the high of 10 days ago. in my opinion this looks like a classic resistance becoming support move.
  • #30,120
  • Dec 11, 2013 2:14am Dec 11, 2013 2:14am
weird moves in m1 at gold and silver...
128 traders viewing now