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

  • #30,781
  • Dec 19, 2013 3:01am Dec 19, 2013 3:01am
Quoting XTrade
{quote} "when in doubt stay out"
Enough Said!!!



This may be the key to success in trade!
  • #30,782
  • Dec 19, 2013 3:13am Dec 19, 2013 3:13am
Quoting XTrade
Silver weekly, as I had mentioned a few days back, fully corrected. These DTLs are not sustainable even if a new low is created. {image}
What do you mean by "fully corrected" sir?
The true fact is market doesn't care, risk mgt is important.
  • #30,783
  • Dec 19, 2013 3:14am Dec 19, 2013 3:14am
SSM you have initial mail.
--------------------------------------

H1 "pinning" so far. won't be surprised if the LDN boyz try and take 1200 out, but it's already an hour in....

If this hourly bar fails to break 1198 taking long appx 1220 to 1225 + a bit safer on the latter with a target of 1222.50

stop is below 1190 so risk reward is about 1:2 ratio.

Plus the last trade was a success.
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Oh and SSM - don't get used to moving your stops to BE - it decreases your chance of success especially in metals (or any) trading by 50%
as well it gives you no opportunity to learn what you did RIGHT or WRONG.

B.E. almost ALWAYS will be tested before desired price RE-action -- unless you are trading breakouts and failures with a great sense of S/R and supply / demand areas.
as well as stop and order placement. (or safer trading)
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,784
  • Dec 19, 2013 3:18am Dec 19, 2013 3:18am
Quoting Ssm
{quote} What do you mean by "fully corrected" sir?

Look at the major support / resistance line, as well as prior - slower moving trend,

silver went up from appx 20 to 50 and now is back at 20 neg area. Sure, there could be another bearish push,
yet the UP trend lines I have posted are old and strong. Support will come in.

Thus, a 100 pct correction from 20 to 50 and back has happened. just rounding here with the levels to save time.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,785
  • Dec 19, 2013 3:20am Dec 19, 2013 3:20am
Quoting Rebels
good point to enter short Price 1222.0 TP1 1208 (140 Pips) TP2 1199 (230 Pips) SL 1227.0 (50 Pips)
TP 1 hit
Good luck
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  • #30,786
  • Dec 19, 2013 3:21am Dec 19, 2013 3:21am
OK last post !

Using an H1 chart - look at four hourly bars failing at 1225 breach,
on the fourth failure this was the sell signal - a bit aggressive yet after multiple hours and using the "fourth fail" as the confirmation not too aggressive,

safer trade to ensure your success would have been appx 10 USD lower at aforementioned (pages ago) 1218 failure and even safer 1215 failure to test 1205/ 1200 area.

All of which have happened.

Now 1225/20 area is minor resistance.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,787
  • Dec 19, 2013 3:24am Dec 19, 2013 3:24am
Quoting Rebels
{quote} TP 1 hit Good luck

Good trades! save your money now!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,788
  • Dec 19, 2013 3:28am Dec 19, 2013 3:28am
Quoting XTrade
{quote} Good trades! save your money now!
Thanks mate
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  • #30,789
  • Dec 19, 2013 3:38am Dec 19, 2013 3:38am
Quoting XTrade
Plus the last trade was a success. {image} {image}
No sir, I was long and the market took my stops at 1211.
The true fact is market doesn't care, risk mgt is important.
  • #30,790
  • Dec 19, 2013 4:06am Dec 19, 2013 4:06am
Quoting XTrade
{quote} Hey BW, long time no hear! certainly could happen after this announcement. Yet, after any major new low, at least in my view, is created without supporting data out of multiple countries, inflation, unemployment, NFPs, etc, the likelihood of afterwards the low either creating a double bottom on daily/weekly or even lower, will be the precursor that flips the trend back north. Lowest low I would be looking at if 1180 - 1100 and 1080 go is 1050. Market is a bit skewed right now due to end of year.
Hey there XT. Hope you're doing well. Beyond 1180, we'll see, but I wouldn't be surprised to see like you say 1050. But no crystal balls here.
Cheers geezer.
I have no clue what I'm talking about.
  • #30,791
  • Dec 19, 2013 4:06am Dec 19, 2013 4:06am
if this heading to the median line then 1170 will be my target but there's a support at 1179
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Pecuniae obediunt omnia
  • #30,792
  • Dec 19, 2013 4:11am Dec 19, 2013 4:11am
Fibochannel update
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just do it
  • #30,793
  • Dec 19, 2013 4:34am Dec 19, 2013 4:34am
hm...
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just do it
  • #30,794
  • Dec 19, 2013 4:36am Dec 19, 2013 4:36am
We are back where things started on Sliver, this session & the next one will be of great importance ... Sliver is at a critical where either we get a trend reversel final confirmation or it keeps on plunging. The number i'm watching is 18.8X /19.0X ( A daily close under these two numbers is a bearish confirmation for me )
"It's the Margin, Stupid."
  • #30,795
  • Dec 19, 2013 4:53am Dec 19, 2013 4:53am
OMG, get up late again!...
  • #30,796
  • Dec 19, 2013 4:53am Dec 19, 2013 4:53am
weekly chart .
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  • #30,797
  • Dec 19, 2013 4:59am Dec 19, 2013 4:59am
HI
Good time
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  • #30,798
  • Dec 19, 2013 5:02am Dec 19, 2013 5:02am
Quoting namaus
Tks LarryLU,your cmt is good.keep up yr order.i beside on u.tks
Thanks, I will try hard!
  • #30,799
  • Dec 19, 2013 5:45am Dec 19, 2013 5:45am
Here was my analysis Worked out as expected.

H4 chart, 1160 is my target, but I am holding short positions until I see 1000 or 960, which ever shows signals of a reversal.
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insideBars==boss
  • #30,800
  • Dec 19, 2013 7:21am Dec 19, 2013 7:21am
Sell @ 1207, two more orders @ 1212 & 1198. Target 1180-1190.
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