XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1669 | Crypto Craft

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

  • #33,361
  • Apr 4, 2014 9:05am Apr 4, 2014 9:05am
Quoting adamjn
Or the news is just used to manipulate price and place fear into traders causing them to take the wrong positions. Even though my sell was not triggered, my buy was triggered, I set it after I seen the H4 Inside bar close above the 20 MA.
Manipulation is the correct word to use by far. Imo news is already priced in way before the release. Big money cannot just click a button and take on billions of contracts in one swoop, they have to accumulate a position right, and that takes time, big players know information already. the swings caused by influx of retail traders during news events normally fit technical bias whatever the outcome on many occasions when a trend finally takes hold.
  • #33,362
  • Apr 4, 2014 9:12am Apr 4, 2014 9:12am
Quoting Mave
{quote} yup. we all know the facts. let's trade them. p.s. there was no sarcasm intended.. also, mr.burns has a good reading on manipulation
  • #33,363
  • Apr 4, 2014 9:13am Apr 4, 2014 9:13am
Quoting MrBurns
{quote} Manipulation is the correct word to use by far. Imo news is already priced in way before the release. Big money cannot just click a button and take on billions of contracts in one swoop, they have to accumulate a position right, and that takes time. the swings caused by influx of retail traders during news events normally fit technical bias whatever the outcome on many occasions when a trend finally takes hold.
news is the fun part ! must learn to scalp news.
A trade should be based on an assumption based on facts
  • #33,364
  • Apr 4, 2014 9:19am Apr 4, 2014 9:19am
Quoting MrBurns
{quote}
A trade should be based on an assumption based on facts
  • #33,365
  • Apr 4, 2014 9:20am Apr 4, 2014 9:20am
Quoting MrBurns
{quote} Manipulation is the correct word to use by far. Imo news is already priced in way before the release. Big money cannot just click a button and take on billions of contracts in one swoop, they have to accumulate a position right, and that takes time, big players know information already. the swings caused by influx of retail traders during news events normally fit technical bias whatever the outcome on many occasions when a trend finally takes hold.
Money Makes Money
  • #33,366
  • Apr 4, 2014 10:17am Apr 4, 2014 10:17am
trying a short at 1305. sl 1315 (KiwiOz target xD) tp daily close.
A trade should be based on an assumption based on facts
  • #33,367
  • Apr 4, 2014 10:27am Apr 4, 2014 10:27am
Quoting MrBurns
{quote} Manipulation is the correct word to use by far. Imo news is already priced in way before the release. Big money cannot just click a button and take on billions of contracts in one swoop, they have to accumulate a position right, and that takes time, big players know information already. the swings caused by influx of retail traders during news events normally fit technical bias whatever the outcome on many occasions when a trend finally takes hold.
100% correct, price action always setups before the news, so, a nice buy signal might show on H4 before news is released, that's because, like you said, Smart money already know what is going to happen, and they have already got their positions built.
insideBars==boss
  • #33,368
  • Apr 4, 2014 10:39am Apr 4, 2014 10:39am
Quoting Mave
trying a short at 1305. sl 1315 (KiwiOz target xD) tp daily close.
sori - which pair? gold - you short?
  • #33,369
  • Apr 4, 2014 10:40am Apr 4, 2014 10:40am
Quoting tlpfx14
{quote} sori - which pair? gold - you short?
yes.. close look at charts , sl = 1306.71
A trade should be based on an assumption based on facts
  • #33,370
  • Edited 11:05am Apr 4, 2014 10:42am | Edited 11:05am
Quoting adamjn
{quote} 100% correct, price action always setups before the news, so, a nice buy signal might show on H4 before news is released, that's because, like you said, Smart money already know what is going to happen, and they have already got their positions built.
Thanks, If you scroll back a few pages there is a mention of a "random buyer spike" which was the sign to go long before the news. That spike setup the technicals on both Gold and Silver. That was a whale buying contracts no question about it. Just had wait for the retrace for a better buyers price and your in the money.

Anyway im off for a beer, next week i promise not to offend anybody

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  • #33,371
  • Apr 4, 2014 10:44am Apr 4, 2014 10:44am
Quoting Mave
{quote} yes.. close look at charts , sl = 1306.71
which is the lower tf you were referred to for taking the short?
  • #33,372
  • Apr 4, 2014 10:55am Apr 4, 2014 10:55am
Quoting tlpfx14
{quote} which is the lower tf you were referred to for taking the short?
1H..
A trade should be based on an assumption based on facts
  • #33,373
  • Apr 4, 2014 11:15am Apr 4, 2014 11:15am
Quoting Mave
{quote} 1H..
Be careful mave, it looks like bull rally isn't over yet.
  • #33,374
  • Apr 4, 2014 11:24am Apr 4, 2014 11:24am
Quoting richtrader
{quote} Be careful mave, it looks like bull rally isn't over yet.
i 2nd that
  • #33,375
  • Apr 4, 2014 11:31am Apr 4, 2014 11:31am
Quoting richtrader
{quote} Be careful mave, it looks like bull rally isn't over yet.
i'll keep that in mind !
A trade should be based on an assumption based on facts
  • #33,376
  • Apr 4, 2014 11:36am Apr 4, 2014 11:36am
Quoting Mave
{quote} 1H..
Dude where is your target?
  • #33,377
  • Apr 4, 2014 11:43am Apr 4, 2014 11:43am
Quoting kirkland
{quote} Dude where is your target?
a pullback, normally its $3-4, seems like it already happened.. this thing will go up! sl is safe though.. zzzzz
A trade should be based on an assumption based on facts
  • #33,378
  • Apr 4, 2014 11:48am Apr 4, 2014 11:48am
MAVE:

U think is this going up more today?
  • #33,379
  • Apr 4, 2014 11:50am Apr 4, 2014 11:50am
Quoting kirkland
MAVE: U think is this going up more today?
maybe. technically, daily ATR ~= 18.
i think it'll have a go at 1300 at close.
A trade should be based on an assumption based on facts
  • #33,380
  • Apr 4, 2014 12:33pm Apr 4, 2014 12:33pm
Quoting Mave
{quote} maybe. technically, daily ATR ~= 18. i think it'll have a go at 1300 at close.
out @1303.xx
A trade should be based on an assumption based on facts
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