XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1865 | Crypto Craft

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

  • #37,281
  • Sep 4, 2016 8:41am Sep 4, 2016 8:41am
I think consolidation ,

Quoting cvds16
this is to me the longer term sell signal in gold ... what we saw on friday is the bull trap ... {image} I should know early if I am right on this one or not ... we should engulf the last daily bar to the downside on monday according to the plan ... also let's not forget we had a monthly bearish engulfer ...
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #37,282
  • Sep 4, 2016 5:26pm Sep 4, 2016 5:26pm
what you call a doji, isn't one in my book ... let's see, going to try to finetune me entry here ...
  • #37,283
  • Sep 4, 2016 6:47pm Sep 4, 2016 6:47pm
Quoting cvds16
what you call a doji, isn't one in my book ... let's see, going to try to finetune me entry here ...
you in with the short yet looking bearish this morning
  • #37,284
  • Sep 4, 2016 6:50pm Sep 4, 2016 6:50pm
what would you call it
I can see lots of doji just like that one on that chart do you see them fail
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #37,285
  • Sep 4, 2016 6:56pm Sep 4, 2016 6:56pm
I'm wondering round number tl ,last swing high ,maybe retrace first as recent mommentum
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #37,286
  • Sep 4, 2016 6:58pm Sep 4, 2016 6:58pm
I don't trade gold ,so ..
ill review the doji next week,lets see
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #37,287
  • Sep 4, 2016 7:00pm Sep 4, 2016 7:00pm
Quoting Bones
I'm wondering round number tl ,last swing high ,maybe retrace first as recent mommentum {image}
it will bounce around this range 1330 - 1300 before heading south . no break 1330 will confirm
  • #37,288
  • Sep 4, 2016 7:06pm Sep 4, 2016 7:06pm
Quoting Pip-Miner
{quote} you in with the short yet looking bearish this morning
no, not yet, it's going above 1326 first .... then I'll get my short ....
  • #37,289
  • Sep 4, 2016 7:10pm Sep 4, 2016 7:10pm
Quoting cvds16
{quote} no, not yet, it's going above 1326 first .... then I'll get my short ....
major resistance at 1326 your logic is valid number 1
  • #37,290
  • Sep 4, 2016 7:15pm Sep 4, 2016 7:15pm
at this moment I am long 1323.70 ... my reversal is the one I am waiting for and should be the big one in my eyes ...
  • #37,291
  • Sep 4, 2016 7:27pm Sep 4, 2016 7:27pm
Quoting cvds16
at this moment I am long 1323.70 ... my reversal is the one I am waiting for and should be the big one in my eyes ...
where hell goldanalyst when need him
  • #37,292
  • Sep 4, 2016 8:03pm Sep 4, 2016 8:03pm
reversed to short @ 1323 :-(
  • #37,293
  • Sep 4, 2016 8:11pm Sep 4, 2016 8:11pm
this broke the 4H inside bar to the downside
  • #37,294
  • Sep 4, 2016 8:12pm Sep 4, 2016 8:12pm
There are the 3 levels (blue areas) I'd watch for this week. For now, I'm targeting 1375ish, as the range is the range until it's not the range any more, plus I'm going with the current trend...

but I don't care if the range falls through, I'll be happy to add more positions at a bette price
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  • #37,295
  • Sep 4, 2016 8:15pm Sep 4, 2016 8:15pm
Opened short at open as I said I would. Looking for it to test 1300 and possibly breakout, we will see. Looking at 1330 to be the new resistance area on the way down. Still bullish long long term, but I think we can see some correction action over the next while. I will move stop loss to break even at some point for hopefully a free trade that could turn out to be quite profitable.

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  • #37,296
  • Sep 4, 2016 8:25pm Sep 4, 2016 8:25pm
Quoting Becel
Opened short at open as I said I would. Looking for it to test 1300 and possibly breakout, we will see. Looking at 1330 to be the new resistance area on the way down. Still bullish long long term, but I think we can see some correction action over the next while. I will move stop loss to break even at some point for hopefully a free trade that could turn out to be quite profitable. {image}
someone else who supports my view think we got this nailed bro. from a chief gold analyst of a bank to our level. i got an entry but no big boy entry yet
  • #37,297
  • Sep 4, 2016 8:36pm Sep 4, 2016 8:36pm
have a similar view of silver as compared to my view of gold... the break of 19-19.35 seems to have been a "false" break, as bulls pushed up strong back through. I would expect 18.90-19.35 to offer support moving forward. But if not... I have my pending buy at 17.85
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  • #37,298
  • Sep 4, 2016 8:38pm Sep 4, 2016 8:38pm
Quoting Pip-Miner
{quote} someone else who supports my view think we got this nailed bro. from a chief gold analyst of a bank to our level. i got an entry but no big boy entry yet
lol I hope so Pip. I feel like its a nice entry and am feeling good about it. If this plan turns out well I may hold this position and add to it for a nice win over the next couple of weeks. We will see I guess..
  • #37,299
  • Sep 4, 2016 8:58pm Sep 4, 2016 8:58pm
yes, you did better than me Becel with a nice entry indeed ... for some reason tried to outsmart my plan ... but that probably won't matter too much in the bigger scheme of things ... once again the lesson for me seems to be that I should focus on daytrading signals since I got a rather good system going there but I overruled it here trying to be clever on intermediate timeframes as I thought I could read them (NOT !)... my daytrading short should have been @ 1323.75 usd.
  • #37,300
  • Sep 4, 2016 9:09pm Sep 4, 2016 9:09pm
starting to think with USA bank holiday we are going to have an inside day here, seems very likely ...
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