but these days this up and down has worked out for me with longs at 1600 and shorts at 1630
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
DislikedBullshit.Buy low sell high.When you buy low (1600) you have profit.Waste of time? No dirrection? Dirrection is always up broIgnored
Dislikedlol
My position at 1616 is more of a trade in desperation but i will keep this thing open for a few months no S.l no T.P .
Iznt it similar to your strategy
by the way will trade range in other contracts not janIgnored
DislikedI heavent opened any position longer than month.Average trade lenght is 1dayIgnored
Dislikedi have longs from 1616 . i was just telling not opening another longIgnored
Dislikedso where is your setup picture with entry level?
I see others traders 95% traders makes their "setups",when price is wild go too farIgnored
Dislikedok i took profit a few mins ago at 1636, and im going short at 1640Ignored
DislikedWhat kind of broker?
What do you think of this guy's perspective?
http://www.bloomberg.com/video/76892106/Ignored
DislikedWell first of all .I am a broker myself n we don't use meta trader we ave our own system which is pathetic thats why i use meta trader 4,5 forex.com software and trade interceptor for charts
Second this 1616 entry is for 6 months atleast as i see 2200 in these 6 months . this entry iznt big so there is no need for a stop loss and third we all agree gold is in a 12 year bull channel after that in a 3 year bull channel it hasn't broken any nor does it seems to.So its basically making an investment not a trade.
Lastly these gray lines are resistance...Ignored
DislikedMmm it is interesting why you go shorton 1640 level?
strong resistance level from what timeframe?Ignored
Dislikedi took profit at 1633, just scalping
im gonna go to bed soon and i dont like to leave positions open, peace of mind > moneyIgnored
DislikedI heavent opened any position longer than month.Average trade lenght is 1dayIgnored
DislikedInteresting that Credit Suisse sees a gold recovery for the remainder of the year.
http://articles.economictimes.indiat...-and-palladium
I tend to agree because I think the USD index will eventually fall again, but this volatility is tough to stomach.
They say the best time to jump on board (in investing) is when everyone else is scared off, but I'm not sure gold investing compares well the ideal strategy in a bearish stock market -...Ignored