I'm shorting already, but don't follow me unless you know what you are doing. I cost-average.

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

This silver fork "survived" somehow, though it's not that accurate. I had to draw another quartile below the lower parallel. (I like my broker's software. But to draw forks... it sucks.) I feel tempted to enter long if it reaches ~44.50 again and ...

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

How comes that the margin change was announced last week and people decided to react only today? Do I miss something in the timeline?

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

I don't know what was more absurd: silver falling 10% in 30 minutes or THIS news... what a surreal night . Nevertheless, it seems that all the action was due to weak liquidity and nothing else.

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

For your questions: let's wait and see. This drop will show the real character of the rally. If it's a serious bull market, it will resume and go up (not necessarily from today on, we can still go a little bit down). It was very messy to ...

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

what the... I couldn't believe when I read your post, too busy with gold what a nasty night... I wonder if it's some Gaddafi's effect or the new Asian strategy after holidays.

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

hey man, you and highlander seem to be skipping classes here, where have you been all this time? I still remember that you were waiting for 1400 in order to enter long. I hope you didn't wait. ---------------------------------------- So guys, ...

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

Take a look at the previous posts from our dear member Euroscum He posted something about that. Silver is much above its 200 DMA (1.7 times or so), so a retracement is expected... but we are waiting for that retracement since months now ...

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

that one is closed where is beeb? where is he, when we need him? there must be something related to the gold market, specifically. London is closed. With less volume, the volatility can get real high. Besides that, we just had the options expired ...

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

hahaha! that's exactly what I was wondering. Usually silver skyrockets while gold get stuck in some resistance, and when silver starts to retract, gold follows. I'm really surprised with gold rallying alone. @Pratik: I don't have tp or sl for ...

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

Oh, now I see! It's in the FF calendar. I follow another one, it doesn't mention such speeches... For me, this kind of speech seems to be for the "market papparazzis" - once in a while they get some breaking news out of Ben's words and spread it to ...

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

I didn't see anything about it... Does anyone see a spike to $1542 in gold? I got some shorts triggered at this rate!

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

Wile E, don't mind sixgun. He is just picky

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

beeb's chart and mine are quite similar and still valid. As sixgun said, we are sitting at the 1st warning line for over 36 hours (except for that funny spike yesterday, when it touched $47.20). A difference to my fork is: mine is shifted, so I have ...

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

c'mon... it happens Well, it seems that silver found support at $48. I have to rush, otherwise my new bullion coins will be even more expensive than now

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

you mean the option expiration in gold? that was before yesterday

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

You mean, jump UP? It looks to me that the bias is to the downside, at least when I look at the M5 chart. Before the news, gold was slowly slipping downwards since 12:00 GMT and went below 1527. I mean... everything is possible. The long trend is ...

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

Except for the small spike at the news, yes, you are right. Today the volatility is very low. But sometimes it takes 2-3 hours until the market starts to react properly. @Wysie: I will keep your hints in mind. There is enough to read for the next ...

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

Man, you are unbelievable. The EA I developed is called... "Elastic" I like those analogies. I do think that the market develops in "natural" ways and such approaches are much more straight forward than some moving averages and other abstract ...

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

I also think like that, it's kind of instinctive. But I couldn't build a science out of it. But it makes sense. If you are interested on VSA, you can take a look at the VSA threads. Somewhere over there I got a link for a book called "Master the ...

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