Amazing! Is it correct, beeb?

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

I agree in terms. The correction started some time ago, but in the meanwhile we had the earthquake which disturbed the market "balance". If someone was planing to sell anything, it was already done during the panic hours. The market preferred to get ...

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

I'm for another range day. The market still has no confidence to resume any trend. The risk of a bigger nuclear tragedy continues to be high. Every bad news is like a NFP. Today some Japanese spokesman was telling that the cool-down process may take ...

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

I shouldn't be asking that... every person here will give you a different answer. You need a strategy. You need to test this strategy against historical data. And then you trade accordingly (and carefully). It's okay to ask for some insights, but ...

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

I'm still calculating the missed profit, since I closed the positions at 77.50 but I am grateful for the money. EUR 220 in 4 minutes, that was a lifetime jackpot! Warning for the newbies: don't be misled by such affirmations. Such ...

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

Interesting. Forex has many surprises! I was only curious to see the record low being broken. But after this "crash", I couldn't resist and entered long around 76.50: EUR 220 profit. And I'm out. Yes, surely the BOJ will intervene. It's almost a ...

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

False alarm. It jumped slightly up, now it's slightly down. Actually we had luck. If the gold market were open when this USDJPY barrier was broken, we might have suffered some bigger movement in the precious metals too. Now everything is stabilizing. ...

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

wow... 300 pips in 10 minutes in USDJPY. I wanted to see the new record low and witnessed an explosion. For sure some barrier was broken. There were some spikes in other currencies, too. We may see some fireworks in 10 minutes from now, when gold ...

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

I wouldn't accept it - it could be a counterfeited coin

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

Talking about news, one information is still missing and I was unable to find: the duration of that emergency work to cool down the reactors. As long as the reactor doesn't cool down, the catastrophic scenario will be always imminent. As the time ...

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

I don't want to be picky, but news can drive the market mad at ANY TIME... that's one of the main weakness of TA. The market is not driven by historical data, even if 95% of the traders use them (the "self-fulfilling prophecy" issue). Back to gold: ...

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

after Nikkei closing around -10,5% I am surprised that the sell-off stopped at 1380 at all. In gold, the 50% Fib from Jan 28th low to the all-time high is ~1378. It bounced back nicely and we are approaching 1400 again. I'm still out. I would have ...

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

The high was 36.72. A fall to 34.19 cannot be 35%. Changing the subject a bit... after a huge earthquake, a tsunami, thousands of deaths and a nuclear tragedy, I just hope that nobody will arrive here and say: "I told you, I told you, ...

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

Yeah... some are shorting, others are adding SLs. One bigger short and all the stop losses will fall like a domino.

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

Unfortunately it's not far from what the Japanese are experiencing right now . Really sad. I also see it in this way. Actually there are something like 4 levels of risk behavior, IMHO: 1) full risk mode: nobody cares about gold [XAU DOWN] ...

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

What now? — Nikkei: -10,5% European stocks: around -3% at opening Even gold went down after the talks that radioactivity may reach (or already reached) Tokyo. When gold goes down during a crisis, even for a short time, it sounds like panic for ...

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

Kaboom! I was just $0.20 away from my long order. Missed. Now I am loaded with shorts. Very nice. @beeb, I agree with your feelings about trading on such catastrophic scenario. Silly or not, I won't touch USDJPY. But the speculator will. The 79.75 ...

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

Great points! Point 3 is the best I do think, though, that all commodities have a component of speculation. Inflation plays a role, but there is a lot of speculation money invested around. That's why I believe that a bigger correction is possible ...

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

Oh, you are talking about silver! Now I got it... Funny. Gold is still above yesterday's low while silver is having a new low. Definitely they became out of sync. Well, it makes sense. Silver seems to have attracted more speculation. @forexcompoun: ...

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

Wow, even a Japanese nucler power plant is burning Man, it's really difficult to say... basically all stocks are in red. The impact of a disaster in such a big economy is hard to foresee. The insurance companies will have lots of trouble. The ...

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