XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 984 | 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

  • #19,661
  • Jul 2, 2012 5:23am Jul 2, 2012 5:23am
Personally I don't like Tim Morge's teaching or trading style as I find it doesn't suit me.

I prefer Paul Coghlan and have linked to a recent webinar of his in post # 19552. Usual disclaimer - I have no financial interest etc etc....

beeb
  • #19,662
  • Jul 2, 2012 5:23am Jul 2, 2012 5:23am
Quoting _BBKing_
hello all,
i published last step of my gold trading using PA + Options + Cot Reports
if anyone interested here's the link
http://www.dukascopy.com/fxcomm/fx-a...ication&id=882

i would like to have opinions and/or comments, likes, dislikes etc... i'm learning everyday new things!
thank you
Very informative. Thank you.

Can i ask, which broker are you using for your options trading ?
  • #19,663
  • Jul 2, 2012 5:31am Jul 2, 2012 5:31am
I looking for further downside, 1600 (61.8%) which is playing role as resistance and now RSI turning down in daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 03 02-Jul 10.27 AM.jpg Size: 104 KB
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #19,664
  • Jul 2, 2012 6:05am Jul 2, 2012 6:05am
Quoting beeb
Personally I don't like Tim Morge's teaching or trading style as I find it doesn't suit me.

I prefer Paul Coghlan and have linked to a recent webinar of his in post # 19552. Usual disclaimer - I have no financial interest etc etc....

beeb
Yeah, I saw it. Very good. But it is just an intro. There must be a lot to learn. Where can we find more videos about ML and pitchforks?
  • #19,665
  • Jul 2, 2012 6:30am Jul 2, 2012 6:30am
Quoting donnyv
Very informative. Thank you.

Can i ask, which broker are you using for your options trading ?
hello,
i use saxotrader.
www.saxobank.com
90% of traders use TA, indicators and prediction
  • #19,666
  • Jul 2, 2012 6:36am Jul 2, 2012 6:36am
Quoting jsr
Yeah, I saw it. Very good. But it is just an intro. There must be a lot to learn. Where can we find more videos about ML and pitchforks?
You could always subscribe to his service.......

Failing that I suggest that google is your friend.....

beeb
  • #19,667
  • Jul 2, 2012 6:43am Jul 2, 2012 6:43am
Quoting beeb
You could always subscribe to his service.......

Failing that I suggest that google is your friend.....

beeb


Yeah, but once I ask something to that friend of mine, he just talks and talks and talks.


Thanks. I'll try some public videos of Coghlan, before I decide going further.
  • #19,668
  • Jul 2, 2012 10:48am Jul 2, 2012 10:48am
Quoting _BBKing_
hello all,
i published last step of my gold trading using PA + Options + Cot Reports
if anyone interested here's the link
http://www.dukascopy.com/fxcomm/fx-a...ication&id=882

i would like to have opinions and/or comments, likes, dislikes etc... i'm learning everyday new things!
thank you
Thanks for the post BB.....

IMHO the COT's only have limited value for shorter term trading because they are already out of date when you get to read them. The Friday release only covers the situation up to the close on the previous Tuesday - they are indisputably "gamed" by the powers that be....

beeb
  • #19,669
  • Jul 2, 2012 11:03am Jul 2, 2012 11:03am
my point of view 1h and daily chart

http://content.screencast.com/users/...07-03_0007.png

http://content.screencast.com/users/...07-03_0002.png
Gold Expedition Return This Year: -16.4%
  • #19,670
  • Jul 2, 2012 11:46am Jul 2, 2012 11:46am
Quoting beeb
Thanks for the post BB.....

IMHO the COT's only have limited value for shorter term trading because they are already out of date when you get to read them. The Friday release only covers the situation up to the close on the previous Tuesday - they are indisputably "gamed" by the powers that be....

beeb
hello,
yes of course, in short term must not consider Cot data.
i'm used to read cot to identify weekly possible reversal/continuation patterns.

for example a low long data in weekly demand area (like is happening now these days/weeks) can mean that if price begins to rise, wee see 1700 destroyed like nothing, then straight to 1800 etc......

imo, until un-broken, i will look for longs with stops below 1500.
but as i shown in the article, i do this, according to PA. a strong bearish outlook, better look for shorts!
90% of traders use TA, indicators and prediction
  • #19,671
  • Jul 2, 2012 12:37pm Jul 2, 2012 12:37pm
only two trades done today one was short@ 1590 stop out@1593 other was long @ 1593 hit target price 1600.10.
there is strong resistance at 1597-1603 area due to 61.8%FB (at 1600.42 )of 1633.50(high of 19th Jun) to 1548.75(low of 29th Jun) on 1 H chart murrey math 4/8 line exist at 1593 level so if price fail bellow 1593 than I will go short with stop loss above 1593, other wise looking for breakout above 1600 area.I will go long around 1605-10 with stop loss bellow 1600.
what did you think big boys.
just live a life, don't be hard.
  • #19,672
  • Jul 2, 2012 12:39pm Jul 2, 2012 12:39pm
wow, your SL is VERY tight. is that profitable?
  • #19,673
  • Jul 2, 2012 12:47pm Jul 2, 2012 12:47pm
Here is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: mygold.gif Size: 22 KB
just live a life, don't be hard.
  • #19,674
  • Jul 2, 2012 12:52pm Jul 2, 2012 12:52pm
Quoting fibbonix
wow, your SL is VERY tight. is that profitable?
oh yes I made 632% in 3 days from 27-29th JUN with this strategy. low fund in account (usually 50-100$) high leverage 1:500 micro lots trading.
just live a life, don't be hard.
  • #19,675
  • Jul 2, 2012 1:01pm Jul 2, 2012 1:01pm
Quoting shaukat113
oh yes I made 632% in 3 days from 27-29th JUN with this strategy. low fund in account (usually 50-100$) high leverage 1:500 micro lots trading.
What about this strategy , tell us
  • #19,676
  • Jul 2, 2012 1:39pm Jul 2, 2012 1:39pm
I think we have a inverse head and shoulder formation in our hands, also called three BUDHA. according to candlestick charts see the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: head ands shlouder.gif Size: 20 KB
just live a life, don't be hard.
  • #19,677
  • Jul 2, 2012 1:49pm Jul 2, 2012 1:49pm
right shoulder traget
Attached Image (click to enlarge)
Click to Enlarge Name: head ands shlouder1.gif Size: 21 KB
just live a life, don't be hard.
  • #19,678
  • Jul 2, 2012 7:48pm Jul 2, 2012 7:48pm
Quoting Peet91
What about this strategy , tell us
More like roll the dice than a strategy.
  • #19,679
  • Jul 2, 2012 8:18pm Jul 2, 2012 8:18pm
Quoting shaukat113
right shoulder traget
IS THIS SUPPOSED TO BE A REGULAR HEAD AND SHOULDERS?


If so I see it yet I am confused by your chart and where the head lies?

shall I redo in my view?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #19,680
  • Jul 2, 2012 8:25pm Jul 2, 2012 8:25pm
I see two things now, this is an H1 chart and you are forecasting.

I don't necessarily see an inverse head and shoulders.

Nor a regular head and shoulders.

In a downtrend an inverse head and shoulders would suggest a move up.

In an uptrend a head and shoulders would suggest a move down.

What are you looking for?

Also, H1 is my favorite day trading time frame. yet, I have learned the rule the longer the TF the more powerful the pattern.

For instance in a high volume fast market a bull flag from LDN may complete during the cross session NY/LDN 8 - 12 pm EST.

Yet, The LOWER the TF the more noise. Noise= confusion = indecision

You do the math.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
63 traders viewing now