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

  • #34,881
  • Feb 27, 2016 12:22pm Feb 27, 2016 12:22pm
Quoting wibie g
Hi Guys, I need your advise on the matter below.. Kindly please help.. . If a statistics of a Day-trade Trading System indicates that its 'Good Opportunities' in XAUUSD pair only show up in 70 days out of 258 trading days of a typical year (that's only ~27% per year), would you consider the System to be worthed to use? What's the minimal standard on this, if there's any? . FYI, its RRR is 2 Rewards for every 1 Risk. . Hope I could gain insightful inputs from you all. Thanks!
How much stop losss..
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -509
  • #34,882
  • Feb 27, 2016 6:23pm Feb 27, 2016 6:23pm
Quoting wibie g
No commenting necessary really.. Just answering the questions would be sufficient..
Ok smartie. Not enuf info to give an answer.
  • #34,883
  • Feb 27, 2016 9:48pm Feb 27, 2016 9:48pm
Quoting mohsinali
{quote} How much stop losss..
The SL is ATR based, so nominally it'll vary for every trade. But, the Risk Reward Ratio is 1:2 as I mentioned above
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Let's just assume for now the 'Good Opportunities' trades are all resulted in Profits as targeted. What's your take on the statistics then, mohsinali?
  • #34,884
  • Edited 10:16pm Feb 27, 2016 9:51pm | Edited 10:16pm
Quoting SunTrader
{quote} Ok smartie. Not enuf info to give an answer.
Pardon the satire, SunTrader..
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I would have responded more appropriately if you followed up the 'not enuf info' comment with 'what more info you need from me' to answer them.. That would show me that you:
- care to help.
- know your game on the matter.
.
Responding Questions by just saying 'not enuf info' is in a way a smartie one too.. Hence, I responded accordingly..
.
Have a nice day..
  • #34,885
  • Feb 28, 2016 4:41am Feb 28, 2016 4:41am
Quoting mrbfx
Triangle - UP or DOWN ??????? {image}
A triangle formation usually means a continuation of the current trend.
  • #34,886
  • Feb 28, 2016 8:18am Feb 28, 2016 8:18am
Quoting wibie g
{quote} Pardon the satire, SunTrader.. . I would have responded more appropriately if you followed up the 'not enuf info' comment with 'what more info you need from me' to answer them.. That would show me that you: - care to help. - know your game on the matter. . Responding Questions by just saying 'not enuf info' is in a way a smartie one too.. Hence, I responded accordingly.. . Have a nice day..
If you care enough about responses, comments, replies whatever you would put it in there from the start. Period.

Ask half a question, get half an answer.

Otherwise someone else has to make assumptions. And you know what happens quite often when you assume. You make an ass out of u and me. Better to be clear from the start. No?

Still haven't provided enough. But that's ok. You don't appear to really want a clear answer.

So have a good day/rest of your weekend as well.
  • #34,887
  • Feb 28, 2016 9:53am Feb 28, 2016 9:53am
Quoting SunTrader
{quote} If you care enough about responses, comments, replies whatever you would put it in there from the start. Period. Ask half a question, get half an answer. Otherwise someone else has to make assumptions. And you know what happens quite often when you assume. You make an ass out of u and me. Better to be clear from the start. No? Still haven't provided enough. But that's ok. You don't appear to really want a clear answer. So have a good day/rest of your weekend as well.
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It was my mistake to reply to your 'not enough info' comment, SunTrader; i should just ignore it. As I observe here, you've been an ass on your replies with other people here too.
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Cheers.
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---------
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I'm still waiting for genuine helper to my query below. Kindly please assist. As I see it (with my limited knowledge), it's all the information you need to judge the viability of the trading system. However, if you think you need more information on the matter, please do tell me so I could provide them for you here.
.
Quoting wibie g
Hi Guys, I need your advise on the matter below.. Kindly please help.. . If a statistics of a Day-trade Trading System indicates that its 'Good Opportunities' in XAUUSD pair only show up in 70 days out of 258 trading days of a typical year (that's only ~27% per year), would you consider the System to be worthed to use? What's the minimal standard on this, if there's any? . FYI, its RRR is 2 Rewards for every 1 Risk. . Hope I could gain insightful inputs from you all. Thanks!
  • #34,888
  • Feb 28, 2016 11:55am Feb 28, 2016 11:55am
Quoting wibie g
It was my mistake to reply to your
Same here.
  • #34,889
  • Feb 28, 2016 12:16pm Feb 28, 2016 12:16pm
Quoting wibie g
Hi Guys, I need your advise on the matter below.. Kindly please help.. . If a statistics of a Day-trade Trading System indicates that its 'Good Opportunities' in XAUUSD pair only show up in 70 days out of 258 trading days of a typical year (that's only ~27% per year), would you consider the System to be worthed to use? What's the minimal standard on this, if there's any? . FYI, its RRR is 2 Rewards for every 1 Risk. . Hope I could gain insightful inputs from you all. Thanks!
Without seeing more of the "statistics", then I'd say not good enough just with the known information & parameters you've set with R:R.

Just hypothetical since we don't have enough data: (taking 1 trade per day)(not moving SL)(use same SL & TP every day of 50/100)
70 win days = 100 x 70 = 7000
188 losing days = 50 x 188 = (9400)
Sum = (2400)
  • #34,890
  • Feb 28, 2016 12:21pm Feb 28, 2016 12:21pm
this will go up. i still believe this has potential to go up to 1260 and then 1282 level. before retracing back. please share your views if you agree or dont
Attached Image (click to enlarge)
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  • #34,891
  • Feb 28, 2016 12:57pm Feb 28, 2016 12:57pm
Quoting gold-analyst
this will go up. i still believe this has potential to go up to 1260 and then 1282 level. before retracing back. please share your views if you agree or dont {image}
i don't think so, because USA will eventually hike, one, maybe two times this year.

therefore gold will loose its appeal, and will go down, with some upward spikes when equities will fall by consequence of the rate hikes
  • #34,892
  • Feb 28, 2016 1:13pm Feb 28, 2016 1:13pm
well i am saying that price will be achieved within next 2-3 weeks and i dont think US is going to hike before then. if it had to retrace it would have retraced by now but it is still holding up.
Quoting fammira
{quote} i don't think so, because USA will eventually hike, one, maybe two times this year. therefore gold will loose its appeal, and will go down, with some upward spikes when equities will fall by consequence of the rate hikes
  • #34,893
  • Feb 28, 2016 4:24pm Feb 28, 2016 4:24pm
Quoting gold-analyst
this will go up. i still believe this has potential to go up to 1260 and then 1282 level. before retracing back. please share your views if you agree or dont {image}
Down , before up usdjpy moving up now
  • #34,894
  • Feb 28, 2016 11:41pm Feb 28, 2016 11:41pm
Quoting srt
{quote} Without seeing more of the "statistics", then I'd say not good enough just with the known information & parameters you've set with R:R. Just hypothetical since we don't have enough data: (taking 1 trade per day)(not moving SL)(use same SL & TP every day of 50/100) 70 win days = 100 x 70 = 7000 188 losing days = 50 x 188 = (9400) Sum = (2400)
Hi SRT,
Firstly, I like to say many thanks for your input above. Really appreciate it..!
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Secondly, on the matter of 'Good Opportunities' Days (GODs). What I meant by that was the Trading System is able to give the recommendation 'TO TRADE' or 'NOT TO TRADE' before a trading day starts. Therefore, we could AVOID the 'Bad Opportunities' Days (BODs) all together.. At least, not by using the system.. We could still exploit BODs using different systems, but that's a different ball game of course ..
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Hence, when I presented the 70/258 Days statistics, what I meant to ask is whether an average of 70 good trading opportunities is plenty enough or not to have in a year (~27% per year)?
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Hope my elaboration could clarify the issue so that you would be able to give more relevant insights on the matter..
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I'll be waiting for your reply..
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Cheers
  • #34,895
  • Feb 29, 2016 3:04am Feb 29, 2016 3:04am
time for gold to retrace back a little fron 1233-34 level.
  • #34,896
  • Feb 29, 2016 3:05am Feb 29, 2016 3:05am
time to go back to eurusd where euro should make down turn for the time
  • #34,897
  • Feb 29, 2016 6:14am Feb 29, 2016 6:14am
as it happened
Quoting gold-analyst
time for gold to retrace back a little fron 1233-34 level.
  • #34,898
  • Edited 7:32am Feb 29, 2016 7:22am | Edited 7:32am
buy gold now @1226-27. those are my views but i am not in this trade as i am still trapped in my eurusd trade and more conifdent than this one
  • #34,899
  • Feb 29, 2016 8:06am Feb 29, 2016 8:06am
I want to buy Gold too but I think it's too early, it hasn't broken above the previous high yet.
  • #34,900
  • Feb 29, 2016 8:07am Feb 29, 2016 8:07am
not sure, if anyone really reads and takes this forum seriously or is it just me writing and wrting
Quoting gold-analyst
buy gold now @1226-27. those are my views but i am not in this trade as i am still trapped in my eurusd trade and more conifdent than this one
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