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

  • #19,601
  • Jun 28, 2012 9:34am Jun 28, 2012 9:34am
Silver very close to critical support! Could be great r/r for a long around 2620/2613, stops just below 2606
  • #19,602
  • Jun 28, 2012 9:39am Jun 28, 2012 9:39am
Quoting diggo
Silver very close to critical support! Could be great r/r for a long around 2620/2613, stops just below 2606
it seems like she wants to break the resistance
  • #19,603
  • Jun 28, 2012 9:41am Jun 28, 2012 9:41am
loaded long @1554 with tight sl 1549
1550 phsycho level can play its role
if its break next target 1526
  • #19,604
  • Jun 28, 2012 9:48am Jun 28, 2012 9:48am
silver

long 26.50 -30

stop 25.80

tp 28.20-70

gl
Never change your position without a good reason
  • #19,605
  • Jun 28, 2012 10:40am Jun 28, 2012 10:40am
Quoting eugenyk
it seems like she wants to break the resistance
Nothing but clear air below if 2600 doesn't hold. I'm looking for a bounce to the mid of the previous leg.. 3175 area

Jumped in early with a few early longs @ 2635 aggregate. Stops 2595. Would like to see another test down around 2620/2613 where I have some bigger orders ready to go.

TP1, roof of descending trend line (just under 2800), TP2 ~3170
  • #19,606
  • Jun 28, 2012 10:54am Jun 28, 2012 10:54am
Quoting diggo
Nothing but clear air below if 2600 doesn't hold. I'm looking for a bounce to the mid of the previous leg.. 3175 area

Jumped in early with a few early longs @ 2635 aggregate. Stops 2595. Would like to see another test down around 2620/2613 where I have some bigger orders ready to go.

TP1, roof of descending trend line (just under 2800), TP2 ~3170
don't you think it's too simple...
  • #19,607
  • Jun 28, 2012 10:59am Jun 28, 2012 10:59am
I'm a beginner here. I need helps in my positions in trading gold. I have buy positions in 1700, 1682, 1585. And sell potition in 1536. What should i do?? Please help me!! You are my Last hope...
  • #19,608
  • Edited 12:49pm Jun 28, 2012 11:30am | Edited 12:49pm
Quoting Vievy wu
I'm a beginner here. I need helps in my positions in trading gold. I have buy positions in 1700, 1682, 1585. And sell potition in 1536. What should i do?? Please help me!! You are my Last hope...
Close all positions. Study for the next ten years. Then come back here. Hopefully I will be long retired.

edit: ignore anyone who suggests hedging. period. And the only sarcastic part is me retiring.
  • #19,609
  • Jun 28, 2012 11:48am Jun 28, 2012 11:48am
Quoting Vievy wu
I'm a beginner here. I need helps in my positions in trading gold. I have buy positions in 1700, 1682, 1585. And sell potition in 1536. What should i do?? Please help me!! You are my Last hope...
play hedging..close sell at support than open sell stop below few dolar..close buy when reach resistance..then watch the movement..

example..

when market drop to 1530 then close sell but put sell stop at 1525 if market continue drop maybe the target is 1500..

when market up let say 2000 (BRN) close all position..then see either the market continue up or drop..for me i believe market will drop after touch 2000..
  • #19,610
  • Jun 28, 2012 12:21pm Jun 28, 2012 12:21pm
Quoting Vievy wu
I'm a beginner here. I need helps in my positions in trading gold. I have buy positions in 1700, 1682, 1585. And sell potition in 1536. What should i do?? Please help me!! You are my Last hope...
you will get few good suggestions and hell lot of sarcastic comments here.
analyse some que before taking any further step.

my suggestion is
you are already atleast -330 in lot assuming you have taken 0.01 lot
how much equity you are left with
how much you can invest more
if you can invest more than load you account with more money and hold long and close sell and don't take any more trade for next one year.
watch market closely in this period and start learning supply/demand

i'm also in same position and keeping my long from last 9 months.
I lost 1k$ within first 3 months of my trading but since last 9 months except gold's running losses i have earned 300$.
I'll keep my position and will add more money if required
this is i know that price will reach once again atleast 1900 but it might take months to years.
so have patience and plan you money wisely and don't risk your equity.
in india we get 9% return in one year investing in FD's so now my main goal is to earn minimum 27% in 3 years which i know i will

remember no one have become millionaire in one trade.
I uses maximum 0.1 lot of mini account (0.01 lot (1K)) in 1000$ equity account.

best of luck
  • #19,611
  • Jun 28, 2012 12:25pm Jun 28, 2012 12:25pm
what do you think guys with this price 1549? where the price going to now???
  • #19,612
  • Jun 28, 2012 1:07pm Jun 28, 2012 1:07pm
? †h?nk ??u ? all for the solutions... my equity left $15.000, floating around $30.000.
it is all of my money n I don't know what to do. Because I don,t have metatrader, I only read the news. For the first time, broker traded it, he took all the positions and now he give it back to me. I'm blind in gold. Should I open my sell?
  • #19,613
  • Jun 28, 2012 3:43pm Jun 28, 2012 3:43pm
Quoting rencetan
what do you think guys with this price 1549? where the price going to now???

next target I thing about 1500 ...
  • #19,614
  • Jun 28, 2012 6:08pm Jun 28, 2012 6:08pm
I won't seriously consider selling gold until it is below the 100 Week SMA. And I mean tested and rejected not a dip through.

In any case, due to the votes the explorer has been changed to AG and AU only with FX use for hedging.

Now, in terms of scalping yes I will sell. As a position no.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,615
  • Jun 28, 2012 6:12pm Jun 28, 2012 6:12pm
Why?
elaborate on your post/

Quoting Dan_Oland
next target I thing about 1500 ...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,616
  • Jun 28, 2012 6:15pm Jun 28, 2012 6:15pm
Please see what I have bolded/ what is that.

If English is not your first language or you don't know how to write it that is fine.

It seems you do though so what are you trying to say.

???
Quoting Vievy wu
? †h?nk ??u ? all for the solutions... my equity left $15.000, floating around $30.000.
it is all of my money n I don't know what to do. Because I don,t have metatrader, I only read the news. For the first time, broker traded it, he took all the positions and now he give it back to me. I'm blind in gold. Should I open my sell?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,617
  • Jun 28, 2012 9:09pm Jun 28, 2012 9:09pm
Quoting Vievy wu
? †h?nk ??u ? all for the solutions... my equity left $15.000, floating around $30.000.
it is all of my money n I don't know what to do. Because I don,t have metatrader, I only read the news. For the first time, broker traded it, he took all the positions and now he give it back to me. I'm blind in gold. Should I open my sell?
Is that fifteen dollars ($15) or fifteen THOUSAND dollars ($15,000), if its fifteen thousand stop trading and go back to studying immediately and either withdraw what is remaining, or do not open ANY trades. You will not make what you have lost back.
  • #19,618
  • Jun 28, 2012 9:41pm Jun 28, 2012 9:41pm
Quoting HotBiscuits
Is that fifteen dollars ($15) or fifteen THOUSAND dollars ($15,000), if its fifteen thousand stop trading and go back to studying immediately and either withdraw what is remaining, or do not open ANY trades. You will not make what you have lost back.
agreed, close all and study. demo demo and demo until you make profit consistently.
close all before you loose the remaining money. i said this because i had been in your situation before. when everybody say gold trading is only long long long...... the source of all trouble.

one more think..... trust your own judgement.
Risk Less Gain More, Trade Less Make More
  • #19,619
  • Jun 28, 2012 10:52pm Jun 28, 2012 10:52pm
N I I I C E Break back above 1560/3/5 support area.

Let's see if she holds.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,620
  • Jun 28, 2012 11:01pm Jun 28, 2012 11:01pm
Yes this was happening with me too.but now i am very much clear about my trade and equity.i studied 6 to 9 hours a day like.data,news,fundamentals,technical,support,resistance,trend and after that i have decided to trade or not.calculate my risk and proper stop.never trade without proper stop as i have experienced earlier.
and remember one thing for your whole life the buying and selling of same product that we can say lock position,its the loss you have booked but you didn't recognize it.so cut all your position and take some rest and then will decide whether you continue in trading then try to learn on demo account.and after some time you will try micro account and after mini account.
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