XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1908 | Crypto Craft

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

  • #38,141
  • Oct 20, 2016 2:53pm Oct 20, 2016 2:53pm
Quoting Becel
Curious if anyone got a 40 cent spike down on silver to 17.05 this morning or is my broker playing games? This happened in less than one second.
My charts show lows of - spot 17.444 - futures 17.450

Cascading bearish candles but no spikes in any case.
  • #38,142
  • Oct 20, 2016 2:54pm Oct 20, 2016 2:54pm
Quoting Becel
Curious if anyone got a 40 cent spike down on silver to 17.05 this morning or is my broker playing games? This happened in less than one second.
Mine didn't go that low. It went somewhere to 17.439, and at the moment it's trading around 17.530.
But price can be different with your broker.
  • #38,143
  • Oct 20, 2016 6:02pm Oct 20, 2016 6:02pm
Thanks DrHouse and SunTrader. I am going to be sending an email to my broker about this and request a refund for the possible feed error on an open trade at the time. Can anyone confirm if they saw this spike on their chart based on the chart below? I happened to be watching the chart at the time and it literally did this in a fraction of a second, then rebounded back up a couple minutes later. It occurred at 17:26 server time.

Attached Image (click to enlarge)
Click to Enlarge Name: XAGUSDM1.png Size: 27 KB
  • #38,144
  • Oct 20, 2016 6:07pm Oct 20, 2016 6:07pm
Quoting Becel
Thanks DrHouse and SunTrader. I am going to be sending an email to my broker about this and request a refund for the possible feed error on an open trade at the time. Can anyone confirm if they saw this spike on their chart based on the chart below? I happened to be watching the chart at the time and it literally did this in a fraction of a second, then rebounded back up a couple minutes later. It occurred at 17:26 server time. {image}
I am sorry to say that, but they will say a 1000 reasons not to refund you. But anyways, that's a big move and you have to fight for it or change the broker!

I had a similar situation the other they, when there was a big news and I had a buy stop at 1260, and the opened it at 1265(the top for couple of days)! So I wrote them email asking how come this never happened before and now they did it, and they told me that because of the volatility and major news and all that crap!
So hopefully your case will be different, but I don't believe it, because they are all the same.

Good luck
  • #38,145
  • Oct 20, 2016 6:20pm Oct 20, 2016 6:20pm
Thanks House. I sent an email. Its not a earth shattering loss as I have a small account with them. I know there is no way this price action occurred (there was no major news events at the time and I don't open trades during such times), so I will see what they have to say. I of course had a stop loss at 17.20 and slipped to 17.15 because of the move.
  • #38,146
  • Oct 20, 2016 6:57pm Oct 20, 2016 6:57pm
Quoting Dr.House
{quote} ... because they are all the same. Good luck
Forex brokers maybe, not futures brokers.
  • #38,147
  • Oct 21, 2016 1:47am Oct 21, 2016 1:47am
Support holding for now.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 32 KB
Trading in the shadow of SM
  • #38,148
  • Oct 21, 2016 6:01am Oct 21, 2016 6:01am
XAUUSD 2H Chart:
Wave v?
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 161021 2H [1].png Size: 76 KB
Wait, or you will be slaughtered!
  • #38,149
  • Oct 21, 2016 6:45am Oct 21, 2016 6:45am
testing long 1266 taget 1294
  • #38,150
  • Oct 21, 2016 8:01am Oct 21, 2016 8:01am
Clearly corrective currently on a 5 minute chart - as well as 4 hour and daily:
Attached Image (click to enlarge)
Click to Enlarge Name: Gold ImpulCorrect.png Size: 72 KB
  • #38,151
  • Oct 21, 2016 8:05am Oct 21, 2016 8:05am
weak sifs seem to help gold ...
  • #38,152
  • Oct 21, 2016 8:44am Oct 21, 2016 8:44am
Im short 1267. I trade H1 and currently 50% retracement, stoch overbought and below daily pivot. Target 1264 or lower.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #38,153
  • Oct 21, 2016 9:04am Oct 21, 2016 9:04am
1272 - 1274 For upside
1256 - 1252 Downside
Attached Image (click to enlarge)
Click to Enlarge Name: gold1.PNG Size: 39 KB
Frank Fadi
  • #38,154
  • Oct 21, 2016 9:05am Oct 21, 2016 9:05am
Quoting cvds16
weak sifs seem to help gold ...
GOLD 8H Chart:

Good to see you made a timely entry on GOLD.
After missing the Long entry last Monday,
I turned my attention to the DOW and FTSE100.
Now Short FTSE100 at 7047.
http://www.forexfactory.com/showthre...81#post9211281
Both currently getting hammered,
which as you say should be good for GOLD.
I will have to wait till GOLD Waves -i- and -ii- are complete,
and then trade the money Wave -iii- Long.
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 161021 8H [1].png Size: 53 KB
Wait, or you will be slaughtered!
  • #38,155
  • Oct 21, 2016 10:43am Oct 21, 2016 10:43am
Quoting Uturn2
{quote} Good to see you made a timely entry on GOLD. {image}
I must admit I am not feeling so optmistic anymore: definitely not liking the price action here ... but like I said: got my stop at breakeven ...
  • #38,156
  • Oct 21, 2016 11:05am Oct 21, 2016 11:05am
Quoting jorgen.fx
Im short 1267. I trade H1 and currently 50% retracement, stoch overbought and below daily pivot. Target 1264 or lower.
Closed all positions.

Trying a long from 1264. 61.8% retracement + 100MA on H1.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #38,157
  • Oct 21, 2016 12:07pm Oct 21, 2016 12:07pm
Quoting cvds16
{quote} I must admit I am not feeling so optmistic anymore: definitely not liking the price action here ... but like I said: got my stop at breakeven ...
Yes, you can relax. BE = Free Trading. [your only burning time, and it's free!]
Success = Method, Timing, Boundaries and Time [Patience]
All the hard work has been done.
You took it as a longer term trade,
so you have to ride out the corrections.

GOLD 4H Chart:
Turned up nicely after a Wave iv,
so Wave v underway.
[I'm BE on my FTSE, so free trading]
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 161021 4H [1].png Size: 64 KB
Wait, or you will be slaughtered!
  • #38,158
  • Oct 21, 2016 12:22pm Oct 21, 2016 12:22pm
XAUUSD 8H Chart:
Price has crossed the MAs and looks to be basing?
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 161021 8H [2].png Size: 56 KB
Wait, or you will be slaughtered!
  • #38,159
  • Oct 21, 2016 6:39pm Oct 21, 2016 6:39pm
She on way up again many gold nuggets
Attached Image (click to enlarge)
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  • #38,160
  • Oct 21, 2016 8:55pm Oct 21, 2016 8:55pm
What market is that with a price of 1251.33? Gold trade in the 1260's all day ... and night.

Anyway once correction is over downtrend most likely will resume.
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