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XTrade replied Jun 22, 2010Primary gold ta tools — These are my primary Gold trading tools 1. Fundamentals (HAHA #1 is not even TA! Fundies are the most important for underlying structure and future direction) All fundi suggests higher gold rite now IMO 2.Price Action ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jun 22, 2010ETFs Like SPDR GLD Track gold by offering a share that is supposed to be relative to 1/10th of an oz of gold. So to buy 1 oz you need to buy 10 shares GLD. However, they are not as accurate as spot. THe ETF is supposed to own and buy and sell gold ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jun 22, 2010Thanks for mentioning that I will certainly take a look, Just for follow up the gap closure on my broker and the lower uptrend line are within pips AUD has just popped back above. Closing short going long now.
AUD/USD
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XTrade replied Jun 22, 2010Yes, about the analysis, it can be hit or miss. In volatile gold markets you are better off study the price action and the reason why or the fundamentals then relying on techs. Short article. url There is a video on utube I believe about a trader ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jun 22, 2010GOLD — THe market re -opens in 12 minutes. tick tock.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jun 22, 2010You are correct, they sometimes do not. Trendlines can be broken via simple market change.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jun 22, 2010Nor Can I, just in case, it is nice to know that such a correction only pulls us to to the mother trendline! I am setting sights for 1300. QUOTE=six gun;3821698]I cannot see such a correction. The trend is not linear it is parabolic. [/QUOTE]
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jun 22, 2010Perfect example. I closed my longs from 1233 for minimal profit. The intention was to leave them open. We did however dip back to my entry so... The positive thing is that I think we have established a decent support here for the time being and we ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jun 22, 2010Lets do some live trading in here tonight, are you guys around? Say meet up when Asia opens.??? Or later?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jun 22, 2010Good I'm glad you didn't take a hit. Tonight I am going to only take trades based on reading news and charting. Once the trade is placed I am walking away. Too many recent trades of mine have been set up perfectly, then too much meddling is causing ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jun 22, 2010Great Post Six, Ok so lets have a look at 10 year Gold. image The year 2000 we are able to buy Gold at 300 appx at best say 250 per ozt. 5 years later - we have doubled our price at appx 500 2005 it all starts over and the rise is compounding. ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jun 22, 2010Just checked another broker and it seems the gap has been filled.... If the pair can rise above the recently broken 8750 line I am looking up, otherwise looking for further correction before buyers enter.
AUD/USD
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XTrade replied Jun 22, 2010Here is my chart, and current trade. I am still bullish - yet I feel this nagging gap is keeping the pair from further rise on the techs, fundi wise - It seems the buzz about the yuan has worn off... Time will tell. We broke the triangle south, so I ...
AUD/USD
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XTrade replied Jun 22, 2010I think many traders are struggling (whether they admit it or not) with the above mentioned problem. Here's one... Set a long for earlier this AM for cable with a 50 pip stop and 100 pip tp/ closed it out before it hit the stop on change of initial ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jun 22, 2010OK I think we are FINALLY on track for closing the gap, next will be a decision on trend. My bias will remain bullish. Unless 8550 is threatened. EDIT: I am giving up on Gap close and paying any mind to it- I am going back to following PA, Fundies ...
AUD/USD
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XTrade replied Jun 22, 2010In reference to Six gun's post, the "Bubble" all currency traders should be watching to burst is that of the Fiat paper backed by more paper, printed out of thin air. Gold's will soar well above 1250 when certain "bubbles" collapse, It is all in ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Jun 22, 2010COULDN"T AGREE MORE ON ALL POINTS! Always looking forward to your posts my friend. - Going to catch some ZZZ X PS - Auther Buddy, stay alive! We came above your entry earlier
XAU/USD & XAG/USD - Gold & Silver Traders Thread