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Vorenzd replied Jul 10, 2019The market should raise even further, i'm looking at 1414+ levels.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Vorenzd replied Jul 10, 2019
They released this, i didn't see an annoucment that this will be released now: url url Solid buy for gold after seeing this.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Vorenzd replied Jul 10, 2019
I've gone long at 1393.77,I'll do a manual take profit, i'll probably leave it until around 1399, then move my stop loss to 1394 to enjoy a "risk free" trade, after that i'm looking for it to raise further. However, i will close the position before ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Vorenzd replied Jul 10, 2019
To have news before news would be insider trading, it'd be highly illegal and would be a huge scandal if such information leaked. Especially if it leaked to retail traders. Again, it's very illegal and there is nobody who would do this for you ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Vorenzd replied Jul 9, 2019
My pleasure, I'm glad to have been of some help.
Trading against the herd
- Vorenzd replied Jul 9, 2019
I just closed half of my at 1392.50. As for the other half pretty much the same as monty, i've put a stop loss at 1394.5 (also in profit) and a take profit at 1390.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Vorenzd replied Jul 9, 2019
Yeah, i sold too, at 1395. I would actually hold it beyond your take profit. I'll probably do some kind of manual trailing stop loss for tonight.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Vorenzd replied Jul 9, 2019
@wiserltz Let me explain this to you: As a retail trader, liquidity is not a problem for you, you don't really think about liquidity. However when you are an institution with a huge capital liquidity is your biggest problem. So lets make an fictive ...
Trading against the herd
- Vorenzd commented Jul 9, 2019
Here is the link for the live broadcast of the event: url
Powell: Welcoming Remarks
- Vorenzd replied Jul 9, 2019
I would agree with you on that, this is what i think: The herd usually tends to start following the trend when there is a reversal about to come, i don't know why, but retail traders get stressed too much and somehow manage to do the exact oposite ...
Trading against the herd
- Vorenzd replied Jul 9, 2019
Dear montygoldy, I have a long from 1390, i'm going to close it now ahead of Powell's speech and then might re open it later. While the outlook does appear to be bullish, if i were you i'd wait until after the speech, there will be audience ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Vorenzd replied Jul 9, 2019
Hello friends! I think that the reason for this possibly working is not because you are trading against the majority, but rather because you are trading with the trend. As you might have noticed, most retail traders are taught to trade against the ...
Trading against the herd
- Vorenzd replied Jul 9, 2019
I believe that the market is at a divide between a no rate cut and an insurance rate cut, i'd say a 50bps cut is out of the question unless this week's data disapoints. Focus on monetary policy comes front and center next week as Chair Powell ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Vorenzd replied Jul 8, 2019
image This is my projection for gold over the next few days. I've sold at 1401.39 with a stop loss at 1407.34 (adjusted to 1403.49 and will be lowered even more) and take profit is at 1992 (or if i see fit i will extend it). After that's done i'll ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- Vorenzd commented Jul 1, 2019
Why would anyone ever need more then 1:30 leverage? And 50% rule is "the killer"? What are you talking about, who in their right mind would risk more then 50% of this account per trade or per multiple ongoing trades? These rules are set to PROTECT ...
FCA confirms permanent restrictions on the sale of CFDs and CFD-like options to retail...
- Vorenzd commented May 6, 2019
I do agree with you that .70 is nowhere near too high, however the 2 most likely scenarios are either a neutral rate cut happens or they keep the rates steady and have an dovish statement (easing). I believe AUD will lose value after the meeting ...
RBA Preview: Knife-edge decision