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MzansiObi replied Jul 10, 2019The beauty of patience and actually waiting my for levels is something that can go a long way when trading. Price was somwwhat subdued for two days and today we finally got volatility...... All these levels were spoken about earlier on in the week. ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 10, 2019Lol that wouldn't be a bad idea......
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 10, 2019The week can't go by without our mascot making a turn.....come on now.....where's the old pussy cat? Does the mascot have a name yet? Will we breach the NFP bear candle?!?!?!
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 10, 2019Injalo!!! Keep at it. Won't place pending orders that preempt news results, how many times have news feeds that have already been factored into the market give false moves/breaks, as such let it play out and then act on the facts before us, ie the ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 10, 2019Revising sell order in EU looking at 1.12588.....30 pip SL. Will be a hedge trade against buy trade.....
General Trading Chat / Ideas
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MzansiObi replied Jul 10, 2019Did you buy in on this?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 10, 2019Your second part regarding governments buying golf in exchange for dollars is well versed for Mmase12, this is a typical approach of using fundamentals in conjunction with technicals. I hear what you're saying bro. I certainly won't buy at 1410 or ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 10, 2019Sho bafo, I'm not against news trading, by all means no. I prefer to look at the market reaction and price levels after the news. Because trying to premept the result of a news move can prove to be somewhat guess work.....so I'll let the news play ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 10, 2019It caught most of us by surprise. That daily buy zone proving to be quite the spring board. I'm still an overall bear for now on the pair. Just a matter of time really......
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 10, 2019The head and shoulder patterns you guys referring to, on hourly, seems to be in the formation stages......the left shoulder seems complete but right shoulder still has a way to go...so it's a wait and see approach..... Will still pull hammer on ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 10, 2019His handle is Eventstrader....you should find him on the thread if you scroll back. Regarding news, you won't get preemptive news resukts bro. As another user rightfully pointed. But I know there are guys that specifically trade and look and the ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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MzansiObi replied Jul 10, 2019Lol shrug it off, so long as you closed for some partial profit before moving stops to BE then I don't really mind as the risk is off the trade, simply look for another setup......Number one priority is to minimize risk, then money will follow......
General Trading Chat / Ideas
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MzansiObi replied Jul 10, 2019Have closed half positions and stops at BE.If GU dips, I'll still buy later on again......Looking at AU making its way back to attest 50% fib level on daily chart from swing high swing low
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MzansiObi replied Jul 10, 2019Long GU, EU and AU........GU 1.24552AU 0.69119All with a 30 pip SL.
General Trading Chat / Ideas
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MzansiObi replied Jul 10, 2019Lol nah, got long at 1.12108 will sell should we get 1.12640.....So far selling here for me is a little to risky so looking for buy dips or staying out....
General Trading Chat / Ideas
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MzansiObi replied Jul 10, 2019Agreed, would probably look for a EU short around 1.12640ish......
General Trading Chat / Ideas
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MzansiObi replied Jul 10, 2019Still holding onto UC long from a couple of weeks ago, I am looking at 1.323 over the next couple of days or so.....It's at BE + 2 now, Will look at maybe buying 4hrly dips.........
General Trading Chat / Ideas
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MzansiObi replied Jul 10, 2019Hey bud, There is a lot of buying appetite around that 1380/81 handle.But I'm looking at anything between 1370 and 1390 as a possible springboard for the pair to rally on, break and close below that on daily basis will invalidate my further ...
Metals Outlook: Cash and Futures