XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1637 | Crypto Craft

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

  • #32,721
  • Feb 20, 2014 7:13am Feb 20, 2014 7:13am
Quoting JimmyC
{quote} Well done Nitsan I'm immediately long for this... aggressive early entry but high confidence XAUUSD 4H Longer term trade. Good trading {image}
Yes I close 90% of all my shorts in XAU and XAG
now i think long but i dont buy yet.
  • #32,722
  • Feb 20, 2014 7:32am Feb 20, 2014 7:32am
Quoting JimmyC
{quote} Well done Nitsan I'm immediately long for this... aggressive early entry but high confidence XAUUSD 4H Longer term trade. Good trading {image}
Well done Jimmy
Looks like it's breaking up the DTL, see if it can stay above
  • #32,723
  • Feb 20, 2014 7:39am Feb 20, 2014 7:39am
lets see if we can stay above 1315 it is my Daily pivot
  • #32,724
  • Feb 20, 2014 7:55am Feb 20, 2014 7:55am
Quoting Nitsan_Levi
{quote} Yes I close 90% of all my shorts in XAU and XAG now i think long but i dont buy yet.
Good taste is better than bad taste, but bad taste is better than no taste
  • #32,725
  • Feb 20, 2014 8:40am Feb 20, 2014 8:40am
Took a short at 1315.5
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  • #32,726
  • Feb 20, 2014 8:50am Feb 20, 2014 8:50am
10min SMA 300 STILL HOLD
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  • #32,727
  • Feb 20, 2014 12:32pm Feb 20, 2014 12:32pm
on the way to breaking October 2012 down-trend???. If it works, then we should go higher, of course. If it fails, then the downtrend is technically intact. At this level we need to wait however, 200EMA resists, it is a good sign....
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  • #32,728
  • Feb 20, 2014 2:31pm Feb 20, 2014 2:31pm
Quoting JimmyC
{quote} Well done Nitsan I'm immediately long for this... aggressive early entry but high confidence XAUUSD 4H Longer term trade. Good trading {image}
Forecast Target
XAUUSD 4H
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Candle pattern (Bullish Engulfing) target as for 4H
XAUUSD Daily
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  • #32,729
  • Feb 21, 2014 1:54am Feb 21, 2014 1:54am
after a long time gold prices is above 300 ma(pinky one) at weekly chart, it is around 1310$, weekly trend line is coming from 2012 meets fib 23,6 retracement level which is 1355 area, first i will take a look for weekly close above 300 ma than will wait a test to 1355-1360 area if we go there than we will need a catastropher (some news) to pass those levels, fingers crossed
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  • #32,730
  • Feb 21, 2014 1:59am Feb 21, 2014 1:59am
HI

for short I want to see a pattern in small time frame..i dont see one for now.

for long I see now a pennet and simple moving average say LONG

I attach a pic with the most safe long i see now.. you always can put your stop under sma 200 in 1290 ..i bring you safe stop under sma 32

take profit on sma 300 ..(price 1390)

I still have 10% of my short postion from daily ab=cd ..stop on zero.

GL HF
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  • #32,731
  • Feb 21, 2014 2:04am Feb 21, 2014 2:04am
Quoting letscry
after a long time gold prices is above 300 ma(pinky one) at weekly chart, it is around 1310$, weekly trend line is coming from 2012 meets fib 23,6 retracement level which is 1355 area, first i will take a look for weekly close above 300 ma than will wait a test to 1355-1360 area if we go there than we will need a catastropher (some news) to pass those levels, fingers crossed {image}

HI man you are the first trader i see for alot of time who use sma300(simple moving average300).
I think he is the must powerful sma! i use it alot in my trade.
GL HF
  • #32,732
  • Feb 21, 2014 2:11am Feb 21, 2014 2:11am
well for long term trades i first look for 200 ma on Daily charts after that i look for 300ma and i use simple ma, on Daily we passed 200ma so now we need to stay above 200 and 300 mas according to their time frames. another think i look is on Daily charts 100ma crosses 200 ma thats also a good point for direction.
for Daily trade short them i use 50ma(exponential) on 15 min charts it Works great both on 15min and 5 mins.
  • #32,733
  • Feb 21, 2014 2:17am Feb 21, 2014 2:17am
Quoting letscry
well for long term trades i first look for 200 ma on Daily charts after that i look for 300ma and i use simple ma, on Daily we passed 200ma so now we need to stay above 200 and 300 mas according to their time frames. another think i look is on Daily charts 100ma crosses 200 ma thats also a good point for direction. for Daily trade short them i use 50ma(exponential) on 15 min charts it Works great both on 15min and 5 mins.

I take alot of positions from sma300 to sma200 ( if there is there AB=CD)

and a few positions from sma200 to sma300

or from sma300 to a new high or new low

its very easy and good strategy and work on all time frame
  • #32,734
  • Edited 5:27am Feb 21, 2014 3:37am | Edited 5:27am
Speeds bumps due north: 1324(Red line); 1332 (Possible D. top); 1338 (161% and the blue) & 1353 (second blue) . Strong support @ 1304

Sorry; I meant 13xx; I am still stuck in 12xx I guess !!
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  • #32,735
  • Feb 21, 2014 4:27am Feb 21, 2014 4:27am
Quoting mikey632
Speeds bumps due north: 1224(Red line); 1232 (Possible D. top); 1238 (161% and the blue) & 1253 (second blue) . Strong support @ 1304 {image}
thanks. btw i think you mean 13XX
  • #32,736
  • Edited 8:11am Feb 21, 2014 7:56am | Edited 8:11am
Quoting JimmyC
{quote} Forecast Target XAUUSD 4H {image} Candle pattern (Bullish Engulfing) target as for 4H XAUUSD Daily {image}
XAUUSD 4H

Falling wedge appears to remain valid
Technically it may be forming an inverse H&S with same target as wedge (bit unusual) either way seem upside is most probable.
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  • #32,737
  • Feb 21, 2014 8:13am Feb 21, 2014 8:13am
Quoting JimmyC
{quote} XAUUSD 4H Falling wedge appears to remain valid Technically it may be forming an inverse H&S with same target as wedge (bit unusual) either way seem upside is most probable. {image}
Thought that inverted H&S is used for reversal patterns? How can it be applied in current situation?
The true fact is market doesn't care, risk mgt is important.
  • #32,738
  • Feb 21, 2014 9:08am Feb 21, 2014 9:08am
Quoting JimmyC
{quote} XAUUSD 4H Falling wedge appears to remain valid Technically it may be forming an inverse H&S with same target as wedge (bit unusual) either way seem upside is most probable. {image}
That's not a head-and-shoulders pattern. See my post from last August for an illustration of the technical requirements.
You can always make money tomorrow provided you don't lose it today.
  • #32,739
  • Feb 21, 2014 10:42am Feb 21, 2014 10:42am
Quoting KADC
{quote} That's not a head-and-shoulders pattern. See my post from last August for an illustration of the technical requirements.
It is an inverse H&S. Also the bull flag channel has broken, and it is also looking like a wedge, so 3 points to be bullish...
insideBars==boss
  • #32,740
  • Feb 21, 2014 11:44am Feb 21, 2014 11:44am
This looks like triple top
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