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

  • #40,401
  • Mar 9, 2017 2:16pm Mar 9, 2017 2:16pm
Quoting Uturn2
{quote} Hi vis, Thank you for sharing! I'm breaking my head to understand. Would you clarify how you arrived at 1216.xx as a target. Also, no matter how I try, I can't get last Friday's 7 5 9 from the Daily Fix. Cheers, U2
Good day my friend 1216.xx is the low of the last Bank Settlement period from the 15th of February to the 1st of March and also the last Bullish Short Term trend start date on the 15th of February against the Fix at 1225.xx and 1224.xx and daily roll of 1233.xx

7..5..9(Note*Just a hint used not the actual count that took place on Friday last week) is very similar to the same thing as above but not the same. Pm fix when lower than the Am fix and then a daily roll went higher than them both. However on last week Friday we didn't have Short Term Bullish trend change.
  • #40,402
  • Mar 9, 2017 2:19pm Mar 9, 2017 2:19pm
Quoting Visionary
{quote} So yesterday Am is 1213.xx and today Am is 1204.xx Direction down (Bearish) Volume $-9 this move would have been risk against previous fix at 1223.xx Am or 1216.xx the day before PM fix risk. So the Short term trade was already down so a sell during yesterday cover would be 1217.xx against 1223 fix would be $7 or 700 pips some say for $14 or 1400 pips at profit at 1203.xx
ok, got it.
Went back to the correct post.
Wait, or you will be slaughtered!
  • #40,403
  • Mar 9, 2017 2:34pm Mar 9, 2017 2:34pm
Quoting SunTrader
{quote} I don't scalp and my idea of short term is an hour. Make that extremely short term. Not worth it. One medium to long move makes up for dozens of scalps. The more you trade the more chance for something to go wrong. Newbies should do the same. But that is another thing they don't
Well first thing first is that picking a top are bottom is not proper call a scalp that's wrong it's a impulse trading which will destroy traders in the making over time. a scalp set up just like any other trade must define risk. a positive counter hour count is a scalp. It's done within a hour. Yes i agree with a scalp is too much energy and is better use within the direction of the Short Term. A Short Term is base on 4hr to a day into a week. A more refine set up that define your risk and less energy to manage.
  • #40,404
  • Mar 9, 2017 2:47pm Mar 9, 2017 2:47pm
Quoting Visionary
{quote} Good day my friend 1216.xx is the low of the last Bank Settlement period from the 15th of February to the 1st of March and also the last Bullish Short Term trend start date on the 15th of February against the Fix at 1225.xx and 1224.xx and daily roll of 1233.xx 7..5..9(Note*Just a hint used not the actual count that took place on Friday last week) is very similar to the same thing as above but not the same. Pm fix when lower than the Am fix and then a daily roll went higher than them both. However on last week Friday we didn't have Short...
Would you advise where to access the Bank Settlement info.
[Google didn't help]
Thank you...
Wait, or you will be slaughtered!
  • #40,405
  • Mar 9, 2017 2:54pm Mar 9, 2017 2:54pm
Quoting Uturn2
{quote} Would you advise where to access the Bank Settlement info. [Google didn't help] Thank you...
The best i can do is give you the start date of each week and you note* that it's every 2 weeks from there onwards on a Wednesday
  • #40,406
  • Mar 9, 2017 3:02pm Mar 9, 2017 3:02pm
Quoting Uturn2
{quote} Would you advise where to access the Bank Settlement info. [Google didn't help] Thank you...
I had post a link to last year dates earlier in a post in the week. With some info to it. Just check back if you want that info.
  • #40,407
  • Mar 9, 2017 3:38pm Mar 9, 2017 3:38pm
http://wsj-us.econoday.com/byshoweve...v=/bymonth.asp
  • #40,408
  • Mar 9, 2017 3:49pm Mar 9, 2017 3:49pm
Quoting Greenstar
http://wsj-us.econoday.com/byshoweve...v=/bymonth.asp
Thank you. Couldn't access my computer same time at the moment to facilitate his need for it.
  • #40,409
  • Mar 9, 2017 3:53pm Mar 9, 2017 3:53pm
Just pm'd you with a question I am embarrassed to ask on the main thread. Read the message and if you want me to post it here, I will. I will have other questions, chiefly having to do with language, 'lingo' unless studying clarifies it.
Quoting Visionary
{quote} Thank you. Couldn't access my computer same time at the moment to facilitate his need for it.
  • #40,410
  • Mar 9, 2017 4:07pm Mar 9, 2017 4:07pm
Downtrend or not. Im long 1200 with SL 1198. Short usdjpy 114.955.

Tomorrow will be interesting. NFP.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #40,411
  • Mar 9, 2017 4:12pm Mar 9, 2017 4:12pm
Visionary replied to my message desiring to answer it. It was hard to get what I wanted to know. May be useful for me to just ask it here.

Why the particular figure of 1206.55 is chosen by the fix team? Is this figure something I should pay attention to, or expect to see, within the near term?
  • #40,412
  • Edited 4:53pm Mar 9, 2017 4:40pm | Edited 4:53pm
Quoting SunTrader
{quote} I don't scalp and my idea of short term is an hour. Make that extremely short term. Not worth it. One medium to long move makes up for dozens of scalps. The more you trade the more chance for something to go wrong. Newbies should do the same. But that is another thing they don't
I like that one sentence even though I don't like your trading. I haven't traded GOLD for over 7 days and I'm up 1000s of pips. Shorted at 1245 and have sat on my hands all this time. Make more with less trading.
You came here for the truth and let me unveil it for you
  • #40,413
  • Mar 9, 2017 5:49pm Mar 9, 2017 5:49pm
Quoting Visionary
{quote} Well first thing first is that picking a top are bottom ...
Who is taking about picking tops/bottoms?

Scalp is a word thrown around loosely these days. My definition is a quick trade (1 to 10 minutes let's say) but always for a small gain. Not a quick exit on a trade that has changed - that is different. But the intention from the start is for a limited gain against a supposed limited risk.

Every trade has a risk so it better to maximize (not minimize) the potential gain - to win long term.
  • #40,414
  • Mar 9, 2017 5:59pm Mar 9, 2017 5:59pm
Quoting Greenstar
Visionary replied to my message desiring to answer it. It was hard to get what I wanted to know. May be useful for me to just ask it here. Why the particular figure of 1206.55 is chosen by the fix team? Is this figure something I should pay attention to, or expect to see, within the near term?
That is where buyers and sellers came to agreement at that moment that day.

To me the fix is no different than spot gold or gold futures daily closing prices. Sometimes there is follow through and sometimes there isn't. I've got better ways of analyzing PA but maybe that's just me.
  • #40,415
  • Mar 9, 2017 8:23pm Mar 9, 2017 8:23pm
Quoting SunTrader
{quote} Every trade has a risk so it better to maximize (not minimize) the potential gain - to win long term.
wtf. Again he comes up with a good sentence.
You came here for the truth and let me unveil it for you
  • #40,416
  • Mar 9, 2017 10:03pm Mar 9, 2017 10:03pm
Too bad my limit missed a few pips
  • #40,417
  • Mar 10, 2017 12:57am Mar 10, 2017 12:57am
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make money together
  • #40,418
  • Mar 10, 2017 1:57am Mar 10, 2017 1:57am
Gold getting closer to fibo levels on daily chart for the 10 week bull run. 50% at 1193 and 61.8$ at 1176.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #40,419
  • Mar 10, 2017 2:06am Mar 10, 2017 2:06am
Anyone is looking for Silver trend?
  • #40,420
  • Mar 10, 2017 3:17am Mar 10, 2017 3:17am
XAUUSD 2H Chart:
Double Zigzag?
May be 'The Low'.
If not, a Triple Three.
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 170310 2H [1].png Size: 33 KB
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