XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1288 | Crypto Craft

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

  • #25,741
  • Sep 25, 2013 8:07pm Sep 25, 2013 8:07pm
Quoting SunTrader
{quote} I'm not so sure of that chart. That is one mighty long wave A and then a puny wave C?
Yeah, you might be right... But i take trade's like that constantly and they play out... and hit targets spot on...
I'm not really doing proper wave analysis i have my own ways to determine when price has retraced etc
I've just mark abcd as reference...
I also use alot of discretion in my trading...i'm not a mechanical trader...
Cheers...
  • #25,742
  • Sep 25, 2013 8:11pm Sep 25, 2013 8:11pm
Quoting SunTrader
{quote} No post away your charts with his indicator. Maybe I am misunderstanding how you and others are using the word system. My definition is something that analyses price determines entry, stop loss, trailing stop, profit objective, position sizing and money management and is for the most part auto-traded. You might be just talking about only entry and objective here, correct me if I am wrong.
Thanks. It is not an indicator I use. It is a system. Perhaps I should call it my system as I have modified & I think improved it. "Damn" now I gotta find a name for it.
Anyway, If you are not prepared to download the attachments I provided, look it up on google & see it for yourself.
If you really do use the DeMark indicators.
1. I would think you would be curious enough to find out.
2. If you have "genuine" DeMark indicators different to the ones I can get on MT4. I would like to see them & try them out. Perhaps you could post a chart showing them in action....Cheers.
Money Makes Money
  • #25,743
  • Sep 25, 2013 8:12pm Sep 25, 2013 8:12pm
Quoting RBlackburn
{quote} Yeah, you might be right... But i take trade's like that constantly and they play out... and hit targets spot on... I'm not really doing proper wave analysis i have my own ways to determine when price has retraced etc I've just mark abcd as reference... I also use alot of discretion in my trading...i'm not a mechanical trader... Cheers...
Since I don't use EW - I am curious where is wave C, origin and End point supposed to be?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #25,744
  • Sep 25, 2013 8:21pm Sep 25, 2013 8:21pm
Ok, i'm saying that price pulled back and is having trouble closing below the 50% @21.64
Now i'm targeting an extension of that last move down...
  • #25,745
  • Sep 25, 2013 8:23pm Sep 25, 2013 8:23pm
As i said.. i just mark these high's and lows etc as abcd for reference.
You can call it a wave if you want.
  • #25,746
  • Sep 26, 2013 12:41am Sep 26, 2013 12:41am
Studied what I could yesterday from beeb's take on pitchforks. Got into a play trade (bit of a late entry) but still good risk to reward ratio. Here my version, call it the zeeb. First day trying out this strategy so lets see if it plays out

Attached Image (click to enlarge)
Click to Enlarge Name: xauusd zeeb.jpg Size: 289 KB
  • #25,747
  • Sep 26, 2013 12:55am Sep 26, 2013 12:55am
For Gold, I am looking to long around 1,327, SL 1,324 and target 1354.
  • #25,748
  • Sep 26, 2013 1:51am Sep 26, 2013 1:51am
trying to break 1330, really big fights going on
Attached Image (click to enlarge)
Click to Enlarge Name: goldm1.png Size: 29 KB
  • #25,749
  • Sep 26, 2013 2:02am Sep 26, 2013 2:02am


Quoting jay_
inverse h & s on h1 tf. {image} still valid for trend line confirmation {quote}
  • #25,750
  • Sep 26, 2013 2:09am Sep 26, 2013 2:09am
Quoting MrketSniper
For Gold, I am looking to long around 1,327, SL 1,324 and target 1354.

SL 1324 ??? too tight? your R:R looks so greedy.
I want to be rich.
  • #25,751
  • Sep 26, 2013 2:13am Sep 26, 2013 2:13am
Quoting eurusdthb
{quote} SL 1324 ??? too tight? your R:R looks so greedy.
1354 is my final target. I will see when the pair run into resistence around 1343-13446
  • #25,752
  • Sep 26, 2013 2:18am Sep 26, 2013 2:18am
Quoting MrketSniper
For Gold, I am looking to long around 1,327, SL 1,324 and target 1354.
Spot on for me. Watch for resistance at 1346, but 1354 target should be achievable.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh1.png Size: 39 KB
Money Makes Money
  • #25,753
  • Sep 26, 2013 2:29am Sep 26, 2013 2:29am
Quoting Scalptastic
{quote} Went long yesterday from 1317 got stopped out on 1316. Should have seen this SL hunt coming. Later took another shot from 1307 and got out on 1318 {image}
Should have held my long position but profit is profit and can`t complain.

Not much resistance until 1345-52 level.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD1.JPG Size: 53 KB
  • #25,754
  • Sep 26, 2013 5:35am Sep 26, 2013 5:35am
i think first movement 1.338 and then down 1.324
  • #25,755
  • Sep 26, 2013 6:11am Sep 26, 2013 6:11am
now short
  • #25,756
  • Sep 26, 2013 6:56am Sep 26, 2013 6:56am
i think that some day it will just make a 70 usd up move in no time, just like it did a week ago....
its just money
  • #25,757
  • Sep 26, 2013 6:56am Sep 26, 2013 6:56am
I think another leg up yet. Target 1350.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh1.png Size: 43 KB
Money Makes Money
  • #25,758
  • Sep 26, 2013 7:32am Sep 26, 2013 7:32am
Quoting de123
i think that some day it will just make a 70 usd up move in no time, just like it did a week ago....
a day rockets launch to syria maybe, i dont want to see war but a day like that spike up easily
  • #25,759
  • Sep 26, 2013 8:09am Sep 26, 2013 8:09am
$70 up in no time ........ and $70 down in no time too. Gold does that quite often.

Does everyone only look up though?
  • #25,760
  • Sep 26, 2013 8:13am Sep 26, 2013 8:13am
With this slow movment i could easly buy or sell ful margin and earn 3 or 5 dollar move
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