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

  • #9,281
  • Aug 25, 2011 3:06pm Aug 25, 2011 3:06pm
What about the hammer forming on D1 ?
  • #9,282
  • Aug 25, 2011 3:13pm Aug 25, 2011 3:13pm
Ive got to go to work tomorow morning so I think Its better to leave 2 sells open (and 2 more buy orders with B.E s.l)for hedge.
  • #9,283
  • Edited 6:17pm Aug 25, 2011 5:28pm | Edited 6:17pm
Quoting hermanforex
Ive got to go to work tomorow morning so I think Its better to leave 2 sells open (and 2 more buy orders with B.E s.l)for hedge.
I cant understand the idea of keeping 2 shorts & 2 long opened in a same time (even for a "hedge")....
  • #9,284
  • Aug 25, 2011 6:17pm Aug 25, 2011 6:17pm
Quoting fawaol
I cant understand the idea of keeping 2 shorts & 2 long opened in a same time (even for "hedge")....
it's hard to take loss, so some people tend to do "hedge"
hedge will cost more (spread+swap+commision), logically i won't hedge my loss, but i did it before too
  • #9,285
  • Edited 8:46pm Aug 25, 2011 6:18pm | Edited 8:46pm
Not just because the last 80 plus posts are screaming at me.
Please forgive my verbage but I see the Uneducated are trying to 'Finally' get involved in this Gold Bull Market.
That kind of activity pulls a wire & rings a Bell for me.
These are usually the Last guys to assimilate & that means a Fleecing is in the Offing.

I am Still a Gold Bull through 2,000.00 but now the market is Ripe for Pump & Dump.
So... How will I adjust My Trading?

TPs will be set Closer to Long Entry points.
SLs will be, diligently, scrutinized BEFORE I Buy
Will reduce my Lot size (in increments) to 50% of Normal.

Now is not the time to be Increasing Lot Size.
Gold, I believe, Will hit 2,000.00/Troy before 2012 but it may also revisit 1,650.00 (Fill The Gap)
Please, do the Math on Your Account before you Enter a Trade.
ie. Calculate Worst Case Scenario Lot size.

B
  • #9,286
  • Aug 25, 2011 7:23pm Aug 25, 2011 7:23pm
Quoting redbox
it's hard to take loss, so some people tend to do "hedge"
hedge will cost more (spread+swap+commision), logically i won't hedge my loss, but i did it before too

and you need to do it with different brokers (well at least mine, doesn't allow buying and selling the same pair, at the same time).. if you buy one lot and then sell one lot, it will close the first operation and keep the second open.
The Black Swan: The Impact of the Highly Improbable
  • #9,287
  • Aug 25, 2011 8:30pm Aug 25, 2011 8:30pm
Becareful on these

IB Broker issuing margin hike warning.
http://www.zerohedge.com/news/cautio...-hike-imminent

Monday is a holiday for LBMA, UK is on holiday, when market is thin, all the shitty things will happen
  • #9,288
  • Edited 9:42pm Aug 25, 2011 9:04pm | Edited 9:42pm
Quoting lilpip
Today we will see how serious gold is about continuing her rotation south as she had a breakout of her daily lows @ 1773 also she closed below the weekly pivot which is a stronger trend. We will find out soon enough if resistance holds.
silver closed at her daily lows and below monthly pivot 39.82
a move down to thurs daily lows @ 1726 along with a breakout below that did not hold as she made it back above 1726 to test wed daily breakout 1773, although she closed back above at 1774 she still has to contend with a stronger weekly trend, and 1777 is the pivot with a 2nd day confirmation closing below 1777. the bias is down unless we start trading above 1777 as $3 close below isnt very confirming.
I guess its fitting that things would begin to get difficult on friday as we try to close the week up from its pivot or down.
As friday comes into play looking at the daily chart bias is down from 1796 and my eyes will be open to pa and candle formations whithin the 1773-1796 area looking for direction of the days trend.
daily
1900
1796
1692
  • #9,289
  • Aug 25, 2011 9:21pm Aug 25, 2011 9:21pm
Quoting Firsh
off

It's not the platform, it's the broker. I tried several. Quit using dealing desk - market makers. I use STP NDD Gomarkets AUS, and I haven't seen a single requote, ever. They have very good spreads and fast execution, also you can choose a closest server to you. The have 70+ liquidity providers so take that for something.

on
thanks i'll will open an account with them. i even applied for introducing broker
  • #9,290
  • Aug 25, 2011 9:55pm Aug 25, 2011 9:55pm
http://i55.tinypic.com/1snz85.gif

might be a break, test, begin break.

this is just at the 15min chart though. not sure yet of my price objectives and risk to reward ratio.
  • #9,291
  • Aug 25, 2011 9:56pm Aug 25, 2011 9:56pm
Quoting Walt
Hi I need some advice...

I'm long since 1715.51 with + 435 pips...

I'm happy with my profit but you know how it is...

Could you give me some advice, should I close my position or hold it.

Best,

W
What was your plan for TP when you entered the trade?
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #9,292
  • Aug 25, 2011 10:26pm Aug 25, 2011 10:26pm
silver also made it back to thur. daily pivot 40.97 also her weekly pivot 40.84.
looks like will be following them both from 40.84-97 and 1773-77.
bias is up from monthly pivot 39.82 and
up from weekly pivot 40.84
will be watching daily pivot 41.31 response.
daily
44.03
41.31
38.59
  • #9,293
  • Aug 25, 2011 10:38pm Aug 25, 2011 10:38pm
Quoting MapleLeaf
and you need to do it with different brokers (well at least mine, doesn't allow buying and selling the same pair, at the same time).. if you buy one lot and then sell one lot, it will close the first operation and keep the second open.
i tried MT5 on demo, it will works like that

when you buy then sell, it will close first position.

if you buy one @100, then buy another @110
your position will become two @105.

i think its good for who trade 1 timeframe but bad for who trade multi timeframe (eg. sell on short term & buy on long term)

so when all broker moving to MT5, hedge will not applicable anymore.
  • #9,294
  • Aug 25, 2011 10:56pm Aug 25, 2011 10:56pm
Quoting allngap
Becareful on these

IB Broker issuing margin hike warning.
http://www.zerohedge.com/news/cautio...-hike-imminent

Monday is a holiday for LBMA, UK is on holiday, when market is thin, all the shitty things will happen
another margin hike? wow...
The Black Swan: The Impact of the Highly Improbable
  • #9,295
  • Aug 25, 2011 11:06pm Aug 25, 2011 11:06pm
a fail down to 1695 (a crucial support as it's crossing my MidLine fork and 50.0 fibo), then bounced up right approaching 1812, which is a strong resistance, got my buy limit in tact at 1800, might have to check out fundamentals soon.......as your technicals don't mean jack on bernanke's speech.

Fibo retracement has surprisingly been working very well these past few days!!
Attached Image (click to enlarge)
Click to Enlarge Name: XAU 260811.jpg Size: 56 KB
trading is my zen
  • #9,296
  • Aug 25, 2011 11:29pm Aug 25, 2011 11:29pm
Quoting propertti
asumsikan pola chart akan membuat pola detak jantung,

ini agustus 2011:
http://img6.imageshack.us/img6/4428/agustus.jpg

ini mei 2011:
http://img594.imageshack.us/img594/6787/meie.jpg

dan ini detak jantung manusia:
http://3.bp.blogspot.com/-aG8TYA3hQZ...tung+copy1.jpg

maka ada kemungkinan lari ke kisaran 1800 plus minus kemudian...
get from another forum... HE SAY: "HUMAN HEART PULSE PATTERN"
(wow... really genius... or is it a universe wave?)
  • #9,297
  • Aug 26, 2011 2:55am Aug 26, 2011 2:55am
Quoting ShirleyLo
a fail down to 1695 (a crucial support as it's crossing my MidLine fork and 50.0 fibo), then bounced up right approaching 1812, which is a strong resistance, got my buy limit in tact at 1800, might have to check out fundamentals soon.......as your technicals don't mean jack on bernanke's speech.

Fibo retracement has surprisingly been working very well these past few days!!
Agree,

Be careful bernanke speech is coming on Aug 26, MArket speculations are in play big time here.

Market has been wanting QE3, and if bernanke give any slight hint of releasing QE3 gold will go up.

However, if not, Gold will go down.

Nobody know for sure, but i will continue to watch the market today

Stay safe,

Rick
  • #9,298
  • Aug 26, 2011 3:28am Aug 26, 2011 3:28am
Apparently there r rumours mucking around everywhr that he'll do nothing. Let's watch this. Fail to break 1800, might do on Europe session

Quoting llrickkll
Agree,

Be careful bernanke speech is coming on Aug 26, MArket speculations are in play big time here.

Market has been wanting QE3, and if bernanke give any slight hint of releasing QE3 gold will go up.

However, if not, Gold will go down.

Nobody know for sure, but i will continue to watch the market today

Stay safe,

Rick
trading is my zen
  • #9,299
  • Aug 26, 2011 3:32am Aug 26, 2011 3:32am
Quoting ShirleyLo
Apparently there r rumours mucking around everywhr that he'll do nothing. Let's watch this. Fail to break 1800, might do on Europe session

It's also opex, month end, Monday is London bank holiday and we're approaching nfp.......

As Bemac wisely said - reducing trade size is a good idea and USE STOPS.....



beeb
  • #9,300
  • Aug 26, 2011 6:03am Aug 26, 2011 6:03am
There is the possibility of QE three.
Some other BS - ie: printing more money = inflation - very Gold POSITIVE
Or Just blabber that needs to be deciphered.

We'll see.

Beeb and Bemac make some good points. Take Heed.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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