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

  • #43,701
  • Oct 4, 2017 6:21pm Oct 4, 2017 6:21pm
Hi all,

Been inactive on the forum for the past 18months however been keeping an eye on the markets quite closely. Good to see the inputs from the experienced traders in the thread guiding the new starters.

For me, I've been trading exclusively Gold/Silver since 2011 and always enjoyed the volatility and the technical challenges within the two. I will endeavour to contribute to this thread over the coming months as I have seen some opportunity for a good long position in the short term based on my charting and indicators.

I typically leave my trade explorer for my live account visible to public/buddies and love healthy discussions in private on the forum if anyone wishes to share or strategize.

Happy trading

Mitch
  • #43,702
  • Oct 4, 2017 6:40pm Oct 4, 2017 6:40pm
The Fixx

Inserted Video
  • #43,703
  • Edited 9:03pm Oct 4, 2017 8:18pm | Edited 9:03pm
Quoting Dutchy Daxy
Intresting The London Gold Fix The London Gold Fix involves gold dealers from London's five biggest bullion banks establishing a common transaction price for a large pool of purchase and sale orders. They do this twice each business day - first at 10:30am (the Morning Fix) and then again at 3pm (the Afternoon Fix). The participating bullion banks will be acting both on their own behalf and for those customers of theirs who have issued limit orders for them to trade at the London Gold Fix price. No-one knows what the Gold Fix will be before it is...
Noted a good read

Just like setting overnight rate by the Central Banks, this create a hedge to those who know how to use it. Also i posed the question once to this forum, if you go blind with the lack of ability to see your chart would any of you be able to trade, no one responded.

Money move the market not charts or indicator, I have nothing against charting, for i see some good chartist around. And if you know how to use your edge well then take advantage of it. However it is also important to know how to trade without a chart.
  • #43,704
  • Oct 4, 2017 8:48pm Oct 4, 2017 8:48pm
Quoting Visionary
{quote} Yes that is why i move my stops to 1278. for at the same time Toyoko went home Bullish. And without 1268.xx break then Bears will begin to be trap and weekly close above 1282.xx will get some Bullish momentum.
Been a bit busy for i am on a short vocation and to track every cycle move to help with the learning curve of those who want to better understand Fix and how it works can be a handful. Lets take it from where we left off. We had 1282.xx target reach yesterday which now make it soft with Toyoko going home Bullish yesterday. Today we have a Bullish roll against 1270.xx risk with also a Am Fix at 1275.xx

Bears are being trap step by step now and exchange being made, however NFP is still on the table and 1248.xx leg is still open as well. As i have said before 1282.xx weekly close will create the Bullish momentum. Especially since it is soft, as long as 1268.xx remain in place as the defense. Tomorrow Fix and daily roll against 1276.xx will be important before NFP, for 5 days Fix will be expose and begin a Bullish move once confirm. So it is loading time. Against 1276.xx line in the sand against 1268.xx Risk for Bulls and 1282.xx for Bears. Note Us Session don't have the low on the set up as yet. So keep a eye out for a spike swing to fill these orders.

Will track at Pm Fix tomorrow.
  • #43,705
  • Oct 5, 2017 12:43am Oct 5, 2017 12:43am
Inserted Video
  • #43,706
  • Oct 5, 2017 2:25am Oct 5, 2017 2:25am
Elliott outlook for silver - 240 min chart.

Sixer
Attached Image (click to enlarge)
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  • #43,707
  • Oct 5, 2017 2:34am Oct 5, 2017 2:34am
Exactly the price action I'm waiting for. A move to low 16.xx in conjunction with a gold move to 1240-50ish to trigger a long position. I'll play with the moves in between now and this time however if we get to that region in silver I'll load up.

Quoting Sixer
Elliott outlook for silver - 240 min chart. Sixer {image}
  • #43,708
  • Edited 4:08am Oct 5, 2017 3:53am | Edited 4:08am
First long try @ 1278 Futures/Counter trade

First target 1283
Next 1290
Next 1295/1296 (if we come that far)

3 lot closed +32 pips
2 lot to go/Sl BE +3p
Attached Image (click to enlarge)
Click to Enlarge Name: GC 12-17 (60 Range) 2017_10_05.png Size: 82 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #43,709
  • Oct 5, 2017 3:54am Oct 5, 2017 3:54am
Maybe the 150 pips range the gold is locked in will get broken today? Give us a little business, a small bonus to play with, before tomorrow comes?
Maadik Hugiis. IQ 69.
  • #43,710
  • Oct 5, 2017 4:19am Oct 5, 2017 4:19am
Short scalp 1278.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #43,711
  • Oct 5, 2017 6:39am Oct 5, 2017 6:39am
Im struggling to understand the pics you've posted? Is that a net$1000 profit based on profit and loss trades totalled? And do you trade live demo for those volumes of cash. That's big dollars

mitch

Quoting MoneyZilla
We should not get over excited, cause gold is still in the middle of nowhere... I have warned about the opening price (1272) touch. It went even below a little. The pair is still in range and probably will stay until Friday in such condition. I had a very hefty profit. But will hold my 1279 sell open until the other breakout line. If it ever goes to the other shore at 1268? I do not know. Rules are rules. That is it. 1283 is still an option, but I will deal with it tomorrow, when i see what are the top/bottom prices and tomorrows open. My max PL:...
  • #43,712
  • Edited 7:34am Oct 5, 2017 6:47am | Edited 7:34am
Quoting Mitchoss
Im struggling to understand the pics you've posted? Is that a net$1000 profit based on profit and loss trades totalled? And do you trade live demo for those volumes of cash. That's big dollars mitch {quote}
This is not big money. It is USC (cent) account. It is a good playground for the big money, one day, soon.

I am experiencing huge technical issues at the moment. Reached terminals' edges. Migrating from old to new technology and things might go bad until i finish it. They never go as I plan them...

EDIT 1: I saw your trades. Nice hedging by the way! I wonder how they have not eaten you alive here?!? There are MANY respectful anti-hedge "specialists", ready to make a kill, if someone brings this topic to the public...

BTW, the last sell signal Gold just made and based on it, 1270.50 breakout (will be FALSE! NFP rules out tomorrow, but not really - just another spike and rebound poo news) seems more closer to 1282.50 (also will be false - that is my BET!)...

EDIT 2: A new buy signal around 1278.70 just overrode the last sell signal and now 1282.50 seems to be closest destination.

EDIT 3: Get back to sell again. Sell signal around 1276.50. Jesus! When these FALSE breakouts will ever end?
Maadik Hugiis. IQ 69.
  • #43,713
  • Oct 5, 2017 6:56am Oct 5, 2017 6:56am
Thanks for clarifying and hope your technical issues can get resolved soon
Quoting MoneyZilla
{quote} This is not big money. It is USC (cent) account. It is a good playground for the big money, one day, soon. I am experiencing huge technical issues at the moment. Reached terminals' edges. Migrating from old to new technology and things might go bad until i finish it. They never go as I plan them...
  • #43,714
  • Oct 5, 2017 7:25am Oct 5, 2017 7:25am
Both Gold and Silver setting up nicely for selling at these levels....lets see what happens with news.
  • #43,715
  • Oct 5, 2017 7:33am Oct 5, 2017 7:33am
Good unemployment numbers should help.
  • #43,716
  • Oct 5, 2017 7:36am Oct 5, 2017 7:36am
Long xageur trg 15.5 w/ stp 13.8
Time is your friend; impulse is your enemy.
  • #43,717
  • Oct 5, 2017 8:25am Oct 5, 2017 8:25am
every1 on d SouthBound speedTrain = aka x/u
da n0o0b + $hit_Disturber
  • #43,718
  • Oct 5, 2017 8:39am Oct 5, 2017 8:39am
I just got back from the second Fix meeting of the day. We have all agreed on 1270.50 and maybe, just maybe, a little below 1270.50?!? Do not be so greedy. Friday we will make a spike and then rebound. Will keep you updated tomorrow after the second Fix.
Maadik Hugiis. IQ 69.
  • #43,719
  • Oct 5, 2017 8:41am Oct 5, 2017 8:41am
Quoting Visionary
{quote} Been a bit busy for i am on a short vocation and to track every cycle move to help with the learning curve of those who want to better understand Fix and how it works can be a handful. Lets take it from where we left off. We had 1282.xx target reach yesterday which now make it soft with Toyoko going home Bullish yesterday. Today we have a Bullish roll against 1270.xx risk with also a Am Fix at 1275.xx Bears are being trap step by step now and exchange being made, however NFP is still on the table and 1248.xx leg is still open as well. As...
We are poise for Bearish Fix against 1278.xx on the day at the moment. But they fighting it out.
  • #43,720
  • Oct 5, 2017 8:44am Oct 5, 2017 8:44am
Quoting fork-forex
Both Gold and Silver setting up nicely for selling at these levels....lets see what happens with news.

Already cashed out a portion of this trade at the bottom of that trend line, so now risk free for me.
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