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MzansiObi replied Jul 10, 2019Oh but of course, knowing when the major economic releases are scheduled is vital, more so,in knowing when to hang ten for a bit and recalculate setups and what market is doing.....I remember when I initially started trading, my mentor simply said ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 10, 2019Hey bud, to be quite honest I'm not fixated on the news per se, however, if you're looking for economic news you can check out forexfactory, and for your mineral news release metalsmine will do just fine, in fact, they even have a crypto site too, ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 10, 2019Talk about a timeless classic.....gotta love it
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 9, 2019That 1393 handle is very key for bulls, continued close above that on hourly is needed for them, to keep tracking higher.. Just got a couple of things I'm looking at, on the daily, got a buy signal as price has entered buy zone, Yesterday's daily ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 9, 20194hourly sell just closed for some. Was anticipating 1382 yesterday, whenever got it. Will look to see how the revised 1hrly and 4hrly chart targets play out..
4 + 1 (Metals) strategy
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MzansiObi replied Jul 9, 2019Lol you ignored my question yesterday, why not just set up a trade explorer?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 9, 2019True, but order flow will see a weaker gold, albeit cyclical
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 9, 2019Makes sense. I was away from the PC so didn't manage to get in on the 1400 level......
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 9, 20191394 sold again....SL @ BE. Will continue adding shorts with every retest of hourly sell up until 4 hourly sell zone is entered. Both shorts running risk free ...... Daily buy zone not giving up easily......
4 + 1 (Metals) strategy
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MzansiObi replied Jul 9, 2019Closing half of second 1394.46 sell. SL at BE. All three trades running risk free. Have got two shorts and a long. So would prefer a move lower........ Daily buy zone still holding this far......
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 9, 2019Bulls need us to stay above 1393 to continue north, failing which down we go again....... But the tussle between bulls(daily buy zone) and bears(4hr, 1hour chart and South Pointing RSi on daily)
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 9, 2019Will pull the hammer @ 1400 (coincide with 4hr chart sell setup forecast,)for another short bud..... Hourly giving me a sell at the moment may add a short here, and then wait for 4hrly sell zone to load more
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 9, 2019Closing half of the 1387.76 long stop moved to BE. Both long and short trades running risk free. Market will decide which gets taken out first....if we continue dropping will still look for buy setups as price is currently on a buy zone on the daily
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 9, 2019If you took the short on the hourly, best to keep trailing, price is on daily buy zone...... So trade carefully
4 + 1 (Metals) strategy
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MzansiObi replied Jul 9, 2019Long 1387.76, Hedge trade against running sell order. SL on Buy trade, 1380 Will be watching Price Action @ 1382 to load more buys
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 9, 2019Took hourly setup for short around 1396. Half position closed and Stop at BE. Looking towards 1382. That 1380/82 level is a massive buy zone on the daily, so any shorts should be carefully when shorting into this, will it break or hold? We will see. ...
4 + 1 (Metals) strategy
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MzansiObi replied Jul 9, 2019Hey bud, which level were you buying on and was this on Friday? On Friday remember the hourly setup was flat(meaning we stay out as it shows some indecision, and the 4hourly could've been the only setup that gave a buy entry,but ahead of major data ...
4 + 1 (Metals) strategy
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MzansiObi replied Jul 9, 2019Just a side bar; should we see 1383, will look at what PA does, will we continue lower or bounce back up, so may consider cashing out then, and maybe a few buy dips....... for now closing half position of 1396 trade Stops at BE. On to the next ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 9, 2019Lol it just won't break and stay below that 1552 handle hey, Starting to think in order to see and further weakness, 1552 support will have to be broken on a daily closing basis.....
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