XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 540 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #10,781
  • Edited 3:32am Sep 23, 2011 3:01am | Edited 3:32am
eyes open 34.67.
May I have a push up on the 2 of you please ?
orders in place.
bring on that 4th bar of the 5 min. please.
thankyou very much.
Bounce off of 34.67 is noted, bias is up on the daily from there till pa says differently.
  • #10,782
  • Sep 23, 2011 3:47am Sep 23, 2011 3:47am
Bemac,
I've been lurking in this thread since Jan and have enjoyed and learned from reading your posts -same appreciation for beeb and XTrade BTW.
Respectfully, I would be very interested to know why you recommended the CHF pairs to pick from.

M


Quote
Focus & specialize to become familiar with the nuances of Trading.
Learn that; Then Spread your wings.

Where to Start?
I offer some suggestions.
USDCHF
GOLD
EURCHF
GBPCHF

Pick ONE & make it your own.

B
[/quote]
  • #10,783
  • Sep 23, 2011 4:29am Sep 23, 2011 4:29am
i see some people are contemplating a bullish run from here, some are saying the longer TFs are showing it could go further down. so, mixed opinions.

i aint taking no chances. my long position is still on. i have reduced the size as market seems to have stalled. if the bull run takes affect i will add to my long position. otherwise iam waiting to see what happens. if price crosses below the trend line on my chart, i will reverse and go short.
as i see it there is a 50/50 chance market could go either way.

cant afford to mess around this time. need to recover the pips i lost yesterday. need to be precise , cant afford to take risks.

  • #10,784
  • Sep 23, 2011 5:16am Sep 23, 2011 5:16am
iam short at 1732
  • #10,785
  • Sep 23, 2011 5:33am Sep 23, 2011 5:33am
  • #10,786
  • Sep 23, 2011 5:34am Sep 23, 2011 5:34am
iam out with +14 pips on the short.

scalping now ! need to recover the pips i lost yesterday. need to grab those pips !
otherwise might have kept the position open....

price not fully gone below my trend line yet. so short not in full gear yet. grabbed the 14 pips and came out.


will enter short again if price breaks below the trendline...
  • #10,787
  • Sep 23, 2011 5:39am Sep 23, 2011 5:39am
short in full swing guys....has broken trendline..
  • #10,788
  • Sep 23, 2011 5:49am Sep 23, 2011 5:49am
Quoting ruffryders
only shorts now. Not a single green H4 candle. BRENT melting down. Are you kidding me?
good call ruffryders....managed to get my scalp in....it was a dumb move though.
my buddy got a margin stop out this morning.

down to 1708 support 2
I am guessing it is going to go down to at least support 3 at 1683.
roughride for the bulls!
Life's a bitch....so be a dog and cover it!
  • #10,789
  • Sep 23, 2011 5:53am Sep 23, 2011 5:53am
1700 here we come. Gonna TP here and see how it reacts.
Anything can happen.
  • #10,790
  • Sep 23, 2011 5:55am Sep 23, 2011 5:55am
Hi Traders

I am looking for LONG position on XAUUSD at around 1700 zone
The congestion of two Fibbonacci levels, Fibonacci extension levels, strong previous support/resistance area and also psych-level make me want to go for that.
So I am waiting till price hits my “entry zone” area and holds it s level to go long…
Nice 3% to grab if scenario fulfils…
Does anybody think the same way???


Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.jpg Size: 162 KB
Read Charts - Not Papers
  • #10,791
  • Sep 23, 2011 5:56am Sep 23, 2011 5:56am
well, i had re-entered short at 1710. lets hope it keeps on falling !

nearly recovered all my losses from yesterday. presently + 10 pips within just minutes. just a few more pips to grab.
  • #10,792
  • Sep 23, 2011 6:02am Sep 23, 2011 6:02am
butterfly...
Attached Image (click to enlarge)
Click to Enlarge Name: xag_usd_daily.jpg Size: 69 KB
  • #10,793
  • Sep 23, 2011 6:04am Sep 23, 2011 6:04am
Quoting halkins
Hi Traders

I am looking for LONG position on XAUUSD at around 1700 zone
The congestion of two Fibbonacci levels, Fibonacci extension levels, strong previous support/resistance area and also psych-level make me want to go for that.
So I am waiting till price hits my “entry zone” area and holds it s level to go long…
Nice 3% to grab if scenario fulfils…
Does anybody think the same way???


Attachment ...

i would wait a bit before taking any longs, unless you want to enter a long with just a fraction of your usual position. an ideal scenario to go long would be at another 30 pips fall. it would definately be oversold then....

its not a bad scenario at the moment to take longs. i would personally wait until monday morning. i would be looking to buy then...
  • #10,794
  • Sep 23, 2011 6:06am Sep 23, 2011 6:06am
Silver get slaughtered left and right for these two day.. near 800 pips ..

Any reason??
Kinda new to this stuff..

Sonic
  • #10,795
  • Sep 23, 2011 6:11am Sep 23, 2011 6:11am
Quoting whatfx
i would wait a bit before taking any longs, unless you want to enter a long with just a fraction of your usual position. an ideal scenario to go long would be at another 30 pips fall. it would definately be oversold then....

its not a bad scenario at the moment to take longs. i would personally wait until monday morning. i would be looking to buy then...
yeap whatfx...
I want this level to uphold & confirm on 4H or at least on 2H chart...
It was only first attempt now to break through and it failed.
We'll see how bears will attack after New York opens.
Although please note there's a massive amount of bulls stop loss orders below 1700 so if it breaks through I am expecting a huge chain reaction and a looooooong red candle...

---
Read Charts - Not Papers
  • #10,796
  • Sep 23, 2011 6:15am Sep 23, 2011 6:15am
iam out of my 2nd short at +6 pips. need to go now.

didnt want to leave the position open while iam out. the way the market is behaving best to stay out of trades.

so, all in all + 16 pips made in the last hour. earlier i had lost around 7 pips on my long which i had closed out manually (opened at 1742).

so , the total for today = 16 - 7 = + 9 pips.

hardly anything worth being happy about !

but there is always monday. expect for gold to rise up on monday hopefully catching some good pips on the way.....and recovering my losses from yesterday. although todays + 9 pips somewhat helped the recovery a bit.


could have made more pips today scalping, but i have a couple of appointments to attend to.


good luck to all..


laters..
  • #10,797
  • Sep 23, 2011 6:15am Sep 23, 2011 6:15am
Quoting sonicdeejay
Silver get slaughtered left and right for these two day.. near 800 pips ..

Any reason??
Kinda new to this stuff..

Sonic
This chart is from 2 weeks ago. Frustrated "investors" have put me on ignore in this thread for posting opinions like this. This means that I am right. We have now reached the dotted median line which is also previous support, expect some support and some bouncing here for a few weeks but don't expect this to be the bottom.

I would not open longterm long positions before it has hit $20 again.
Attached Image (click to enlarge)
Click to Enlarge Name: silver_drop_to_20.png Size: 108 KB
  • #10,798
  • Sep 23, 2011 6:17am Sep 23, 2011 6:17am
1700 could offer up a nice scalping range either side. I'm wary of stops and stop hunters though. Could see some false moves and stop grabbing around here.. which could be scalped quite nicely
Anything can happen.
  • #10,799
  • Sep 23, 2011 6:21am Sep 23, 2011 6:21am
Quoting halkins
yeap whatfx...
I want this level to uphold & confirm on 4H or at least on 2H chart...
It was only first attempt now to break through and it failed.
We'll see how bears will attack after New York opens.
[color=black][font=Verdana]Although please note there's a massive amount of bulls stop loss orders...
Just now it fell to DL of 1698.6 - where do you think the stop losses are set? What do you think is the line in the sand?
I have no enemy; I make Incautiousness my Enemy.
  • #10,800
  • Sep 23, 2011 6:25am Sep 23, 2011 6:25am
Quoting halkins
yeap whatfx...
I want this level to uphold & confirm on 4H or at least on 2H chart...
It was only first attempt now to break through and it failed.
We'll see how bears will attack after New York opens.
[color=black][font=Verdana]Although please note there's a massive amount of bulls stop loss orders...

right you are. i think the same.

i have faith in you halkin, you will do well...! especially someone with the moto 'simple charts are the best'. couldnt agree more.


1700 seems to be holding. could see some good buys next week, possibly on monday, if the market remains the way it is now. ideally i would like it to fall below 1700 , better position to enter buys. regardless of where the big boys have placed thier stops.

the buys iam talking about are short term buys. long term sentiment is still bearish.

you guys will wait and see what nyo brings. shame i wont be around.


off now...
60 traders viewing now