November/Diwali — I'm preoccupied evaluating stocks, so I placed a reversal order to go long at $1670 assuming my past analysis (and what appears to be the general consensus so no point in reposting) that the next leg down will be the 50% ...

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

I subscribe to Kitco News, but I rarely watch the videos, particularly the trade show videos -- doubly so when that woman, who I presume must be the wife of someone at Kitco because she is neither attractive enough to have landed the job based on ...

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

If you read the forum, you'd know I've been short since above $1790 and that I don't use stops.

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

[quote=thekion;6150987] No, merely that November is traditionally a good month for gold.

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

Historically (10, 20, and 30 year averages) there is always a correction in October then the price returns to the September level in November and makes the high for the year in December, so we should be on safe footing with our long-term metal ...

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

I wasn't offended, I didn't understand what you meant. A trend line is just a line if there is no market reaction to it, and since there was no vertical movement in price action to signal a buy or sell the logical thing to do was to hold my position ...

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

I don't understand what you mean. I haven't changed my short position on gold and I'm making money on Forex so what would I be making an excuse about?

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

Despite gold breaking bear channel resistance which was my line in the sand, I'm still holding my short position on gold because it merely continued to trade sideways when it crossed through resistance. If I wasn't currently holding a position I ...

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

NetDania charts — XTrade, I've found a NetDania charts that works. They have Forex, spot gold and silver in USD only, no oil, platinum, or USD index, but at least it works. url

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

The only two positions I have at the moment are the Dec GC short I maintained over the weekend and GBP/USD short I have re-re-re-opened (I don't remember why I closed it ...seems foolish looking at my charts right now but I'm sure I had a good ...

Davit's Confluence Trading

To this point I have only carried platinum in my stock portfolio where I don't do any day trading, so this would be doubling my long position. I've been adding to MINT, PHYS, PSLV, NUGT, UGLD, USLV, and PPLT on the way down, and I may add more if ...

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

Can anyone figure out how this analyst came up with his five-count?

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

Platinum — Platinum, once gold's twin in price, closed at $1544. I don't know what, if anything, this means for gold, but I will be doubling my platinum position on Monday.

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

I should have stayed in bed — I went to bed shortly after my last post and I see my hopes that we'd end the week some clear direction came to naught. Market indices, metals, and Forex all ended the day roughly where they began. I had two ...

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

US dollar index — I went to bed shortly after my last post and I have no opinion about next week, but I still had this chart open on my laptop and I thought I'd share it. image US dollar index was rejected from channel resistance but remains ...

Davit's Confluence Trading

That's very interesting. How did you decide upon a 72 MA to use on the hourly chart? Is that simple moving averages you're using? I occasionally use 14/40 exponential moving averages, taking crossover as reversal confirmations. When a candle touches ...

Davit's Confluence Trading

Today has been a disappointing GDP/end of the month day. Except Toronto, markets are falling (slightly) which is risk-off, but GDP was strong which is risk-on, and it seems to have formed an equilibrium. Normally I'd expect risk-on pairs to rise ...

Davit's Confluence Trading

USD/JPY, EUR/USD, and GBP/USD movement is muted considering the scope of US GDP. I am concerned there will be a reversal at US open or Michigan data. I took off half my position at $1715 but otherwise I am waiting to see what happens. Update: Still ...

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

USD/JPY has gone strong for two straight weeks. It's not only a Friday, it's the end of the month -- more likely than not a take-profit day -- so I'll be shorting if it breaches 79.50 which it's tapping on right now. (Though I may just increase my ...

USD/JPY Discussion

I got out of my short from $1790ish around $1740ish and I got back in around $1750 and have held tight since, and now I'm re-committed to breaching $1700 again. One of the analysts I read mentioned yesterday that he thought this looked (Forex-wise) ...

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