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- Fmfx replied May 6, 2011
As far as I remember most people here were saying gold will ONLY go up with maybe some MINOR corrections and some were even seeing $1600-$2000 in near future!!! If those posts are not edited or deleted, it is fairly easy to check posts from last 2 ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 6, 2011
I am with you 100 %. Contrarian or not, when the gold price passed $1530 without taking a break, I stopped adding to my longs and thought better to wait and see how $1600 responds. When we passed $1550 I started putting short positions with large ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 6, 2011
Yeah! if we pass next week without a major sell off, we could say $1600 will be taken by June-July before the usual seasonal correction.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 6, 2011
Seems our good ol uptrend in gold is trying to resume
Added longs since 1466...XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 6, 2011
I believe AUD/USD still has 200-300 pips south in shorth term before finally beginning to creep below parity, what exactly the RBA wants...
AUDUSD for informed traders
- Fmfx replied May 5, 2011
If it survives tomorrows NFP (likely), the longterm uptrend will probably resume and we might see the gold back at $1500 as early as next week. I added longs at $1466 today.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 5, 2011
The long term trend is up and that is why I have several accounts for gold (I do not trade silver) to use on different time frames. In fact, I have some long positions from $1300. But IMHO it would be very stupid not to ride these $100 corrections ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 5, 2011
$1440 for gold seems in the ballpark...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 5, 2011
haha lol... yeah, is this on your charts too? like the bullish trend of gold and silver?
CheersXAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 5, 2011
LOL and now proabbly making the majority of people margin called...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 5, 2011
Trends are trens but according to trends USD should be worthless by now. But look at AUD, EUR, almost everything except USD AND JPY. Glad went short AUD/USD and EUR/USD last week despite all the news...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 5, 2011
Agreed, we are. But a bull market that corrects 30% in 3 days...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 5, 2011
Agree. For some this is THE opportunity they were waiting for...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 5, 2011
LOL, yeah a good joke but also shows how things could change when most people do NOT expect it. Look at AUD, EUR, CAD, OIL, etc for example. It is not just gold and silver. The big USD reversal is coming...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 5, 2011
Sounds logical but try to manage your risks especially with current downtrend...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 5, 2011
I am adding to my longs but well FWIW, I do not trade like most people. If you were buying gold $1570 ish, it is now cheaper almost 100 bucks and we all know that gold is bullish on longer timeframes.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Fmfx replied May 5, 2011
You should not. You are actually learning how to trade instead of emotionally get attached to gold or anything else. Just try to learn how to treat long and short positions different as they do not work in similar timeframes. Congrats!
XAU/USD & XAG/USD - Gold & Silver Traders Thread