Market talk that a major firm has had a margin call on Gold and Silver! Hopefully it's no one here.

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

Yes, but scalp with the trend not counter. Picking bottoms, leads to smelly fingers. GL.

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

The trend has definitely been down especially after we broke out of the multi year range support. Who in their right mind going long?

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

Just close short scalp on gold for +300 pips off the 5min TF. Looking for re-entry. May not be til tomorrow though. This may be it for today as it's been a pretty big drop today. May range til tonight or tomorrow. Thank you Mr. Market.

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

Ok. Thank you. How do you use it once you have an open position? Please clarify. Thank you.

4 Hour Strategy (MACD)

Philip, Where do you place these files? Indicator folder? How do you use it? Sorry for the questions. Thank you. If anyone else is able to respond, it would also be appreciated. Thank you.

4 Hour Strategy (MACD)

Didn't realize Goldman Sachs came out with recommendation to sell Gold on Wednesday targeting $1250.00. WTF? Unfortunately, I was out most of the week and didn't see the news. May be the beginning of sentiment shift into dumping gold in panic. Guess ...

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

No arguments here.

Third Screen Strategy - Dr. Alexander Elder

I think 100pip has been doing more then enough to help this thread along. There's no need to be spoonfed more then he's already doing. Just my op.

Third Screen Strategy - Dr. Alexander Elder

BNP Paribas just raised there U/J year end forecast to 102.00. At the rate the yen is declining, I'm sure it'll get raised again. No stopping this yen runaway train right now.

Third Screen Strategy - Dr. Alexander Elder

I use PA histogram only and based on the slope of my histogram of last couple of days, the daily TF is sloping back down while weekly looks like downtrend to me. That's what I see. I use the slope of histogram without the signal line as Dr Elder ...

Third Screen Strategy - Dr. Alexander Elder

Congrats bro. Yeah, trend is very strong. I was waiting for pullback but it happened overnight here in Europe. Oh well. Still have open positions though. GL

Third Screen Strategy - Dr. Alexander Elder

Geppy, The weekly and daily chart shows downtrend per the third screen strategy, if I'm not mistaken. I'm waiting for OB conditions to add to my short. Your long is countertrend I believe. GL though. Push price up so I can short it.

Third Screen Strategy - Dr. Alexander Elder

Anyone able to get any JPY pairs in on pullback? I missed it since it happened overnight while we were all asleep here in Europe. Hope you guys were able to add long positions against the yen.

Third Screen Strategy - Dr. Alexander Elder

I hope it's ok with pippy. If not, I'll delete it.

Third Screen Strategy - Dr. Alexander Elder

If anyone wants, I have a William %R with alert. It will alert once PA hits OB/OS levels. Good way not to have to stare or check screen until you receive an alert. I'll post it if it's ok with 100pip, and if you guys want it..

Third Screen Strategy - Dr. Alexander Elder

Thx for updating pippy. I'm not yet ready to buy euros except against jpy. Still waiting to re enter long on jpy crosses. No retrace yet.

Third Screen Strategy - Dr. Alexander Elder

What is the setting for your MACD?

4 Hour Strategy (MACD)

Be nice if we can get in long on all yen cross after a nice O/S profit taking next 24 hours.

Third Screen Strategy - Dr. Alexander Elder

Hmmm. Maybe. I didn't know the interbank markets open til a few hours b4 Australian open on Sunday.

Third Screen Strategy - Dr. Alexander Elder