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- morfasie replied Oct 30, 2013
Hi The Rhodie, Sorry man, not familiar with hedging at this stage yet, do you mean leave the long in there, and then add a short now without a stoploss?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- morfasie replied Oct 30, 2013
Hi Xtrade, I bought the AM and are sitting with nice profits now, but do I hold out on my longs till the 2pm releace from the FOMC or do I cash in now? It is above the pivot of 1352 and as long as it keeps above that, it should push upwards? Thanks ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- morfasie replied Oct 30, 2013
Hi Xtrade where do you get that KGX market is open charts from Kitco?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- morfasie replied Oct 30, 2013
Hi guys, question, with the profit taking that happened yesterday, and as The Rhody said "The 29th Oct '13 was a volatile day taking out stops and killing prisoners." How could we guard against this in the future? What did I do wrong? Should I have ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- morfasie replied Oct 30, 2013
Well looks like it has made some good ground in the UK session to get close to the resistance level of 1352, hopefully it will keep strong through the US session till the announcement this afternoon so it can push through that resistance and make a ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- morfasie replied Oct 29, 2013
Hi all, based on some reading today, it seems yesterday was a profit taking day as we all prepare for the Fed meeting to conclude today (Wednesday). Seems if they don't change their stimulus plan it should be bullish for Gold and if they taper it, ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- morfasie replied Oct 29, 2013
Hi Venzen, thanks for the info, would you maybe have a chart with those wave drawn, just for us to learn out of the experience? How did the price drop so far in only 5 min, would that be major players selling off or what? Thanks again all
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- morfasie replied Oct 28, 2013
Thanks a lot for the info Xtrade, What does DTL mean? Then, would our next resistance be the around 1364 with 1368/ 1375 in sight? When does the FOMC results come out, on Wednesday? With my image, does that spinning top on the Daily for yesterday ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- morfasie replied Oct 28, 2013
Hi everybody, again, thanks for all your graphs and insite. Do you guys think the Retail Sales will have a big impact on gold tomorrow in NY, or has it been factored into the price already? Thanks again
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- morfasie replied Oct 26, 2013
Xtrade, just again wanted to say thank you for your invaluable information. It amazes me how you guys read and understand the charts/fundies. Just a question, seems like you tend to use the daily/weekly for P/A against S/R levels, is that correct?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- morfasie replied Oct 25, 2013
Hi everybody, thanks for all the info and your trade setups. XTrade, just a question, with the release of the Durable Goods Orders (Sep) for US it was positive with a growth of 3.7%, would we have expected the USD to do better and thus Gold move ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread