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

  • #40,341
  • Mar 8, 2017 12:11pm Mar 8, 2017 12:11pm
Quoting Uturn2
Some sound advice......... https://www.youtube.com/watch?v=5IM1_C5Lgcc
Couldn't agree more with points 1 & 2 and disagree more with point 3.

Potential targets are fine but future PA (which obviously is yet not known) should determine eventual actual targets.
  • #40,342
  • Mar 8, 2017 12:14pm Mar 8, 2017 12:14pm
Wrong time of the trading day to be entering (long or short). Move today happened already.

And tomorrow's trading most likely will be muted till NFP report is released Friday morning.
  • #40,343
  • Mar 8, 2017 12:43pm Mar 8, 2017 12:43pm
Quoting Uturn2
Some sound advice......... https://www.youtube.com/watch?v=5IM1_C5Lgcc
Point 3 works best for me. I guess that means I still have a lot to learn about entries and directions

I make EA's and the most profitable have very small TP, like 1$ move.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #40,344
  • Mar 8, 2017 12:49pm Mar 8, 2017 12:49pm
Quoting jorgen.fx
{quote} I see the number 1213.30 Or, AM: 1213.30 and PM: 1209.20
Those are today Fix Zone.
  • #40,345
  • Edited 2:36pm Mar 8, 2017 1:43pm | Edited 2:36pm
XAUUSD 15M Chart:
Basing from 3 Higher Lows?
[HEW count]
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 170308 15M [3].png Size: 68 KB
Wait, or you will be slaughtered!
  • #40,346
  • Mar 8, 2017 2:05pm Mar 8, 2017 2:05pm
A brief trading update. A week close below 1216.xx confirm with a fix and PA will open the door for 1187.xx. The Current flip for the rest of the week will be decided by 1221.xx for the Short Term and 1224.xx for the Mid Term and might result into the Long Term.
  • #40,347
  • Mar 8, 2017 3:54pm Mar 8, 2017 3:54pm
Quoting RondaRousey
If your bias has been towards shorting GOLD since 28 Feb you would have done very well. The ones that got in first have made the most.
If one goes to the weekly and pulls a fib from the spike high on November 6th to the lows around December 11, 2016 the 61.8 level comes in at a great spot.
  • #40,348
  • Mar 8, 2017 6:38pm Mar 8, 2017 6:38pm
Quoting Uturn2
XAUUSD 6H Chart: May be too soon to speculate the Wave -b- retracement / correction? Cheers, U2 {image}
If China data turn well, more money need get ready and pump into infrastructure, I think Gold will have another wave down.
  • #40,349
  • Mar 8, 2017 8:22pm Mar 8, 2017 8:22pm
Silver daily chart looks like its going a long way down. 1st stop maybe around 17.2 - 17.0 then 2nd stop around 16.6 - 16.4. Comments ?

Attached Image (click to enlarge)
Click to Enlarge Name: silver.JPG Size: 91 KB
  • #40,350
  • Mar 9, 2017 1:14am Mar 9, 2017 1:14am
Quoting Visionary
{quote} Good day to you both, first you must understand what take place at the fix. https://www.bullionvault.com/gold-guide/Gold-fix Then track the direction from there i can explain afterwards.
hi good day.

i tried going through this article and at least it widened a little my understanding about the market fix and how exactly this work. but how we will use this fix to track the movement?
  • #40,351
  • Mar 9, 2017 4:35am Mar 9, 2017 4:35am
I must have woke up in the wrong way this morning as i thought the gold was gonna change its course at least for a short while so i collected profits from the day before (being short) and went long , only to know that it looks like the Bears are still strong.. for now ...
But i am still longish for now (short-term) as Usd is Down, maybe surprises from gold today ?
The arriving better than the arrival, the journey has just started
  • #40,352
  • Mar 9, 2017 5:42am Mar 9, 2017 5:42am
Quoting Uturn2
XAUUSD 15M Chart: Basing from 3 Higher Lows? [HEW count] Cheers, U2 {image}
Which plattform do you use?
  • #40,353
  • Mar 9, 2017 6:20am Mar 9, 2017 6:20am
Good day everyone we have 1203.xx we have cover the month of February and 50:50 year nice will explain.
  • #40,354
  • Mar 9, 2017 6:26am Mar 9, 2017 6:26am
Quoting RajaJahanzeb
{quote} hi good day. i tried going through this article and at least it widened a little my understanding about the market fix and how exactly this work. but how we will use this fix to track the movement?
Good day my friend hope this analogy will begin to open your eyes to better understand in regards to the article. If you are in a room and nobody knows no body, however each are able to move the market by 1 tick so the market can move by 10 ticks maximum. And we move from 0 to 1 in counting what information do you ascertain at that moment? Will wait and your answer to continue.
  • #40,355
  • Mar 9, 2017 6:35am Mar 9, 2017 6:35am
Quoting Visionary
{quote} Good day my friend hope this analogy will begin to open your eyes to better understand in regards to the article. If you are in a room and nobody knows no body, however each are able to move the market by 1 tick so the market can move by 10 ticks maximum. And we move from 0 to 1 in counting what information do you ascertain at that moment? Will wait and your answer to continue.
if we start counting from 0 to 1 then i think we will go for the demand? or maybe i didnot understand what you are asking.
  • #40,356
  • Mar 9, 2017 6:36am Mar 9, 2017 6:36am
XAUUSD 15M Chart:
This may now be the Low?
Un-hedging Longs.
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 170309 15M [1].png Size: 67 KB
Wait, or you will be slaughtered!
  • #40,357
  • Mar 9, 2017 6:37am Mar 9, 2017 6:37am
Quoting Visionary
Good day everyone we have 1203.xx we have cover the month of February and 50:50 year nice will explain.
Now that we have 1203.xx out the way what next? The current Short Term flip is 1221.xx against a fix of 1217.xx and Mid Term at 1224.xx against a fix of 1225.xx. Bulls need this handle to switch the direction and a week close below 1216.xx will open up the door for 1187.xx and even deeper to track. Expect a fight.
  • #40,358
  • Mar 9, 2017 6:39am Mar 9, 2017 6:39am
Quoting m1trader
{quote} Which platform do you use?
ProRealTime Charts from my broker.
[IG Markets]
Cheers, U2
Wait, or you will be slaughtered!
  • #40,359
  • Mar 9, 2017 6:40am Mar 9, 2017 6:40am
Quoting Visionary
{quote} Now that we have 1203.xx out the way what next? The current Short Term flip is 1221.xx against a fix of 1217.xx and Mid Term at 1224.xx against a fix of 1225.xx. Bulls need this handle to switch the direction and a week close below 1216.xx will open up the door for 1187.xx and even deeper to track. Expect a fight.
A scalp buy is in play 1204.xx against 1203.xx nice risk. could lead to a run for the survival play for the bulls and a flip.
  • #40,360
  • Edited 6:59am Mar 9, 2017 6:49am | Edited 6:59am
Quoting RajaJahanzeb
{quote} if we start counting from 0 to 1 then i think we will go for the demand? or maybe i didnot understand what you are asking.
Keep it simple my friend. We know that someone bought it from 0 to 1 and the current direction is up (Bullish) and volume use to do so. The flow is what move the market and a commitment by someone to do so. so if we have a fix which is volume to move the market at 1257.xx yesterday and today is 1255.xx what do we know?

http://www.321gold.com/archives/fix.html
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