I'm still sick and missing tremendous opportunities to short just about everything. I hope the rest of you are making money. I'm still short gold but I've got no other positions until I can drag myself down to my computer room to open some trades. I ...

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

The Silver and Gold Speculator from Daniels Trading just reminded me that October is historically the weakest month for gold and November the strongest. I've got seasonality charts somewhere on my other computer which also indicate key dates using ...

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

What I appreciate about this forum is the different techniques people use to arrive at their conclusions. Every time different methods yield similar results increases confidence levels, and every time an alternative view is presented provides food ...

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

You don't use pivots or fibs, but it's more than a coincidence when your pitchforks coincide with them. It's just another way of analysing the same data which seems to lead to the same conclusions more often than not. I use my own hybrid parallel ...

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

Generally speaking, the only time I use stops on gold is when it's at a pivot point and I think it could go either way when I won't be available to react. Otherwise, I use stops on Forex most of the time (though, as discussed, with mixed results), ...

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

The $1690 area is where I'm looking to as well as the next stop for gold. I have the range between $1701.5 and $1691.7 as the next "shelf" for Dec GC to take a rest. Though the 38.2% Fibonacci of May-Oct/Dec-Feb is right in the centre of this area ...

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

That sounds virtually identical my stop strategy (when I'm using stops). My problem has been that, with unholy frequency, wherever I set my stops, which is always far enough past a Fibonacci, resistance/support, or psychological level that it should ...

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

short on metals, long on USD pairs — His politics are questionable, he clearly doesn't understand Keynesian economics, but he's been selling gold and silver for over 30 years so he just might have something to say worth listening to. Ladies ...

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

The risk:reward ratio is evaluating the likelihood of the trade going in your favour and the probable gain versus the potential loss if the trade falls through. If you only care about short scalps you probably only need to worry about direction, but ...

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

Having a target and holding onto it blindly are two entirely different things. If I'm in front of the computer I'll take profit as soon as it looks like the move has exhausted itself, but in cases where I want to "set and forget", I place one or ...

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

Many old-school traders like myself would suggest that you shouldn't enter a position at all unless you first have a target in mind, otherwise you couldn't have analysed the risk:reward ratio which is essential for choosing which trades are ...

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

I'm simply following the market using fairly standard trading practices. Doggedly holding onto positions because you think you "know" that a trade will continue if you just wait long enough is a recipe for disaster in my opinion. We seemed to agree ...

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

I try to adhere to the motto: Bulls get rich and bears get rich but pigs get slaughtered. When price action meets meets my target I take profit on the bounce and get back in when the appropriate indicator(s) confirms the direction. In the case of a ...

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

Here's a fellow that thinks the $1 bounce (his chart must be wonky - that was more than $1 on every time frame) proves it hit bottom. I'm not sure I can get behind that line of reasoning, particularly when the "bounce" flatlines for four hours ...

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

Every unique analysis provides the possibility of revealing something never before considered. ... I know how much space roughly $65,000 in silver coins, wafers, and bars takes up, so you must have quite a fortune hidden under your mattress if you ...

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

You seem to be using Fibonacci and candles contrary to how they are normally used. Fibonacci retracements and extensions, when showing congruence with significant areas of support and resistance, regularly indicate accurate target entry and exit ...

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

This article is a little convoluted, but the gist of it is that the author believes this correction is only halfway over which would put gold at its 200 DMA but would put silver well below it. url

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

Not silver? I think silver has the greater upside, and even were that not the case, the gold/silver ratio favours silver at the moment.

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

Silver is at the 38.2% Fibonacci retracement of it's full move from the June lows. If it stays here then gold is done falling as well. If not then the next stop for silver is the 200 DMA at roughly $31, and since gold seems to be falling in precise ...

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

It just gave way. (Of course I realize everyone in this forum is well aware of this, but I just wanted to see it in print.)

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