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

  • #53,401
  • Oct 15, 2019 8:43pm Oct 15, 2019 8:43pm
not in my world ...
MTF PA with indicators = a winning team
  • #53,402
  • Oct 15, 2019 9:01pm Oct 15, 2019 9:01pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 119 KB
MTF PA with indicators = a winning team
  • #53,403
  • Oct 15, 2019 10:12pm Oct 15, 2019 10:12pm
16/10/19


Morning Traders
As things stand, the range trading we had been in leading up to Yesterdays NY open session has been broken Our Identified target at 1497 was reached but price failed to break and close above that level on an hourly closing basis. The m15 Head and Shoulders pattern that ensued, had a price target at the 1488 handle which was reached and bearish momentum pushed prices even lower, giving prices a daily close below the 1485 handle, This daily close below becomes significant in that ur key time frames and zones are all in bearish mode and the daily close created a bearish engulfing.
In light of these, we are below the weekly open, the weekly pivots and the H1 & H4 Zones are both bearish and calling for further bearish momentum.

Outlook for the day will be to sell rallies and also look for this validation in the London and NY open.


H1: 1483.63 - 1486.08
H4: 1487.51 - 1491.56


Intra day Levels
Upside
1503.47
1498.50
1494.29
1490.34
1488.25
1485.66

Downside
1477.31
1472.85
1464.21
1462.07
1451.27


Green Pips
Attached Images (click to enlarge)
https://www.metalsmine.com/attachmen...1&d=1571194742 https://www.metalsmine.com/attachmen...1&d=1571194750 https://www.metalsmine.com/attachmen...1&d=1571194757
4&1 All Time Profit: $37,496
  • #53,404
  • Oct 15, 2019 10:21pm Oct 15, 2019 10:21pm
Quoting MzansiObi
16/10/19 Morning Traders As things stand, the range trading we had been in leading up to Yesterdays NY open session has been broken Our Identified target at 1497 was reached but price failed to break and close above that level on an hourly closing basis. The m15 Head and Shoulders pattern that ensued, had a price target at the 1488 handle which was reached and bearish momentum pushed prices even lower, giving prices a daily close below the 1485 handle, This daily close below becomes significant in that ur key time frames and zones are all in bearish...
Will short from 1488-90. Let see if possible to get there.
  • #53,405
  • Oct 15, 2019 10:52pm Oct 15, 2019 10:52pm
Quoting goldgirl
{quote} Will short from 1488-90. Let see if possible to get there.
Yeah definitely worth a crack if price gets there,
4&1 All Time Profit: $37,496
  • #53,406
  • Oct 16, 2019 12:17am Oct 16, 2019 12:17am
Inserted Video
  • #53,407
  • Oct 16, 2019 12:17am Oct 16, 2019 12:17am
double top forming
MTF PA with indicators = a winning team
  • #53,408
  • Oct 16, 2019 3:08am Oct 16, 2019 3:08am
Buy @1484 tp1 1487 tp2 1494
Price reached m15 buying area above sma50. Both targets are selling area. Later we can sell watching what price action will be..
P.S. Trade with the discipline of Money Management and Risk Management.
  • #53,409
  • Oct 16, 2019 3:30am Oct 16, 2019 3:30am
Quoting farukh
Buy @1484 tp1 1487 tp2 1494 Price reached m15 buying area above sma50. Both targets are selling area. Later we can sell watching what price action will be..
you might have a look at the 10M chart, it's basically a quintuple top the way I see it
Still sticking to my short from 1493.54 and some adds on the way down
MTF PA with indicators = a winning team
  • #53,410
  • Oct 16, 2019 3:53am Oct 16, 2019 3:53am
an extra reason I expect more down is that the 10M bounced off of ema150 which is important for me
MTF PA with indicators = a winning team
  • #53,411
  • Oct 16, 2019 4:14am Oct 16, 2019 4:14am
Quoting notyetthere
{quote} you might have a look at the 10M chart, it's basically a quintuple top the way I see it Still sticking to my short from 1493.54 and some adds on the way down
There is always patterns on every TF and on both ways sell n buy. Traders biasness also impacts on his/her decision. One pattern has to be broken to make some direction.
Well we go where probability is high and should have stop loss.
You may be right on selling decision here on 10min TF but I am looking at 15min & h1. I may alter my trade accordingly, may close it early or keep it trailing
Trade safe!
P.S. Trade with the discipline of Money Management and Risk Management.
  • #53,412
  • Oct 16, 2019 4:19am Oct 16, 2019 4:19am
no problem, just wanted to warn you on what I saw. And like you say, with a good stop you can almost do anything.
MTF PA with indicators = a winning team
  • #53,413
  • Oct 16, 2019 4:21am Oct 16, 2019 4:21am
Quoting notyetthere
no problem, just wanted to warn you on what I saw. And like you say, with a good stop you can almost do anything.
Thanks bud
P.S. Trade with the discipline of Money Management and Risk Management.
  • #53,414
  • Oct 16, 2019 5:02am Oct 16, 2019 5:02am
apparently things are moving in the right direction over the negotiations about Brexit ...
MTF PA with indicators = a winning team
  • #53,415
  • Oct 16, 2019 7:04am Oct 16, 2019 7:04am
Quoting notyetthere
apparently things are moving in the right direction over the negotiations about Brexit ...
Any feelings on additional drop for XAU if Brexit deal announced today? I feel the bearish sentiment is going to win out today.
If in doubt, paddle out!
  • #53,416
  • Oct 16, 2019 7:28am Oct 16, 2019 7:28am
covered all my short at 1477.21 as I was expecting, nicely in front of figures.
MTF PA with indicators = a winning team
  • #53,417
  • Oct 16, 2019 7:38am Oct 16, 2019 7:38am
Running north 1500
  • #53,418
  • Oct 16, 2019 7:39am Oct 16, 2019 7:39am
no trading for me first 30M after red figures. Learned that lesson the hard way.
MTF PA with indicators = a winning team
  • #53,419
  • Oct 16, 2019 7:57am Oct 16, 2019 7:57am
1502 1st Tp
1515 2nd tp
Telegram orderflowbuddy
  • #53,420
  • Oct 16, 2019 8:16am Oct 16, 2019 8:16am
Quoting MzansiObi
{quote} Yeah definitely worth a crack if price gets there,
My short order is filled. SL 1500. Target 1472-70
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