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

there might be a reversal in the works NOW.>>>>>>

EDIT:

Merely from looking at the candles. My Gut says it hits 1353/5 there is a TL there, then Up. Lets see..

Looking at m15

welcome.

Please feel free to post any time. Surprised about below. Gold, lately is far more volatile than the euro for short term trading.....

So what do you base your trades on I don't get it.?!

We already hit the TL....

This looks ready to burst to me....

ANyone ON?

shouldve taken the long at 56! im in at 1359 whatever.

Let's see what we can do this am

Fell asleep>>> Just took Profits.

Oh yes I think that some people are not realizing that... Oil too should go up in that kind of situation.

This is clearly helpful for gold and silver

1380 just hit, here we go

Predominant buying

Hi guys,

i opened some new positions last week and now holding on 'till 1400 when i will close 4 of my 14 lots and when we touch 1425-1430 i will close another 4, i will keep 6 lots open for a longer period of time.

Mike.

Progress ok I see so far & still waiting to 1387, next go up 1409 or 1355-40.Hope here doing all great . morning to X trade & all .
thanks ,
fontu

http://www.forexfactory.com/showpost...postcount=2231

Thanks Fontu!

Gold looks ready to breakout. if the bullish flag form present persists we can expect at least 10 USD up. It technically it should be closer to 20

lets see.

It may have to go down to break.

EUR and GBP are sucking right now.

AUD best performer so far during asian

I'm long gold/dollar @ 1374.50, yesterday was a 5/8 period moving average crossover and MACD strengthening on the daily chart.

poor us numbers out and DAMN 1380 resistance still won't f-ing BREAK

wow yen crosses very strong atm let's see if it filters down to gold

Thanks!

I love it! Actually I don't "feel" that volatility, but I need it in order to trade. Today it was a disgrace, I got a profit of EUR 2.82 and now we are since 4 hours in a 3-dollar range

I simply don't It's all about money management. As you have it in your avatar: "don't over-trade". I start trading only one ounce of gold and then increase the amount according to the market movements.

And I trade both ways, I buy and sell at the same time, and then scalp as soon as it turns profitable. Trend doesn't matter, technicals don't matter, fundamentals don't matter - all I need is volatility, but not too much.

It's too "small scale" for some people. Many days I earn 5 euros, sometimes 15-20 euros and 100+ once/twice a month. It's more than enough for me.

I don't like technicals, I don't even tried to learn them. But it seems that my method is a kind of stochastics. I always search for the overbought/oversold. Yesterday I entered long at EUR/USD because it was oversold, but I got scared and woke up twice in the night and managed to close all positions with EUR 0.29 profit. If I had sticked to it, I would have made at least EUR 100 today during the rebound.

That's how I trade. In 30 days I managed to recover half of the money I squandered before. And the more I get capitalized, the lower the risk gets.

mmm, I'd say gold is freakish volatile

depending on ones strategy and outlook of the market, now would be a good time to consider buy, or even better to add to some existing buys

Price now close to 1370.

I agree. There was some huge profit taking in the last weeks, so now the trend should be bullish again - but I do believe that some big guys will still take profits, and that would be an even better time to buy. Just my opinion.

he he 11 times × 700 pips it's ok