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

  • #32,761
  • Feb 24, 2014 2:54am Feb 24, 2014 2:54am
Quoting Ulterior
{quote} the correction from 1332 to 1307 was nothing? the reason... nobody understands gold pricing
wasnt a significant correction. hardly spent any days in the red. this rise defies all logic and reason, just like the GBP rise to 1.68+
  • #32,762
  • Feb 24, 2014 2:56am Feb 24, 2014 2:56am
Quoting Halba
{quote} wasnt a significant correction. hardly spent any days in the red. this rise defies all logic and reason, just like the GBP rise to 1.68+
must take what market gives you - if you see strength - buy, weakness - sell, speculators should not contemplate reasons
  • #32,763
  • Feb 24, 2014 3:15am Feb 24, 2014 3:15am
today I would look for long entries on 1327 if market gets there. otherwise would not be opening any long positions
  • #32,764
  • Feb 24, 2014 3:51am Feb 24, 2014 3:51am
Quoting Ulterior
{quote} must take what market gives you - if you see strength - buy, weakness - sell, speculators should not contemplate reasons
yep fundamentals, logic just make no sense
will revise my strategy to account for this.
even after a big 500 pip move, it can still go up
theres no theoretical limits on these instruments.
  • #32,765
  • Edited 4:22am Feb 24, 2014 3:57am | Edited 4:22am
Quoting Halba
{quote} yep fundamentals, logic just make no sense will revise my strategy to account for this. even after a big 500 pip move, it can still go up theres no theoretical limits on these instruments.
there is a good time to load on silver if gold looks overbought for you
Attached Image (click to enlarge)
Click to Enlarge Name: xagusdb-h4-liquidity-connection-3.png Size: 80 KB
  • #32,766
  • Feb 24, 2014 4:53am Feb 24, 2014 4:53am
Quoting Ulterior
{quote} there is a good time to load on silver if gold looks overbought for you {image}

http://i1116.photobucket.com/albums/...ps1d68f1f9.jpg


I was hoping to buy at lower levels. But guess not. I refuse to chase a moving train, will wait for new setups.
The true fact is market doesn't care, risk mgt is important.
  • #32,767
  • Feb 24, 2014 5:01am Feb 24, 2014 5:01am
Quoting Ssm
{quote} {image} I was hoping to buy at lower levels. But guess not. I refuse to chase a moving train, will wait for new setups.
the train is about to departure, well, good luck sir
  • #32,768
  • Feb 24, 2014 5:07am Feb 24, 2014 5:07am
Quoting Ulterior
{quote} there is a good time to load on silver if gold looks overbought for you {image}
massively overbought, massive run 2 weeks ago and no dip
  • #32,769
  • Feb 24, 2014 5:08am Feb 24, 2014 5:08am
they;'re going vertical now. deleted it from my platform. no point chasing or looking at these overbought things.
  • #32,770
  • Feb 24, 2014 5:13am Feb 24, 2014 5:13am
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}
Non-inv H&S and wedge target both met.(funny that)
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 4H.png Size: 38 KB
  • #32,771
  • Feb 24, 2014 6:16am Feb 24, 2014 6:16am
GOLD 24/02/2014

http://vangsaigon.com/iupload/images/h124022014.png

Buy limit 1328, Stop loss 1323, Take profit 1347.
Have a nice day !
  • #32,772
  • Feb 24, 2014 7:02am Feb 24, 2014 7:02am
Quoting Ulterior
{quote} there is a good time to load on silver if gold looks overbought for you {image}
Hey, what's the name of the indicator which says "Margin Required for one lot: 218.7"?

Also, what's the name of the indicator on the second indicator window which says "Rup(11)"?
  • #32,773
  • Feb 24, 2014 7:04am Feb 24, 2014 7:04am
Quoting Ulterior
{quote} the train is about to departure, well, good luck sir
No worries my friend, I have a few Gold positions holding from 1305 and Silver from 21.05. Might be looking to take some profit at 22.80 and remaining at 24.50 if we get there.
The true fact is market doesn't care, risk mgt is important.
  • #32,774
  • Feb 24, 2014 7:41am Feb 24, 2014 7:41am
Quoting Elpidius
{quote} Hey, what's the name of the indicator which says "Margin Required for one lot: 218.7"? Also, what's the name of the indicator on the second indicator window which says "Rup(11)"?
Hi, thats my proprietary indicator with period 11, and that margin is just a quick MarketInfo for margin requirements on one lot, because I usually trade in 1 lot and dont want to be caught buying a too expensive pair
  • #32,775
  • Feb 24, 2014 7:50am Feb 24, 2014 7:50am
Quoting Ulterior
{quote} Hi, thats my proprietary indicator with period 11, and that margin is just a quick MarketInfo for margin requirements on one lot, because I usually trade in 1 lot and dont want to be caught buying a too expensive pair
The indicator for margin requirements looks useful. Care to share?
The true fact is market doesn't care, risk mgt is important.
  • #32,776
  • Feb 24, 2014 7:53am Feb 24, 2014 7:53am
Quoting Ssm
{quote} The indicator for margin requirements looks useful. Care to share?
its a 1 liner - you can create it in editor and put this in the start function

Comment( "Margin Required for one lot: " + MarketInfo(Symbol(),MODE_MARGINREQUIRED) );
  • #32,777
  • Feb 24, 2014 7:55am Feb 24, 2014 7:55am
Hi dudes ; )
I thought in this way, maybe I should take profit at 1337.6 as 61.8% fib.
What is your opinion?
http://upload7.ir/imgs/2014-02/93749830855000803662.jpg
  • #32,778
  • Feb 24, 2014 8:00am Feb 24, 2014 8:00am
Quoting amir2011
Hi dudes ; ) I thought in this way, maybe I should take profit at 1337.6 as 61.8% fib. What is your opinion? {image}
you cant be broke taking profits. I am confused myself now - weekly cries for more upside, but all lesser time frames look overbought, maybe the correction is really inevitable from current levels
  • #32,779
  • Feb 24, 2014 8:12am Feb 24, 2014 8:12am
Quoting Bluetrinh
GOLD 24/02/2014 {image} Buy limit 1328, Stop loss 1323, Take profit 1347. Have a nice day !
Great plan, hope you didn't miss out by 0.5
  • #32,780
  • Feb 24, 2014 8:31am Feb 24, 2014 8:31am
Quoting Ulterior
{quote} its a 1 liner - you can create it in editor and put this in the start function Comment( "Margin Required for one lot: " + MarketInfo(Symbol(),MODE_MARGINREQUIRED) );
How can I do that?
The true fact is market doesn't care, risk mgt is important.
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