Certainly, but I'm several hours past when I intended to be in bed so I hope you won't mind waiting until tomorrow.

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

Sorry, I should have specified E-Micro at 9:59:30-9:59:45. I checked and there was no spike for spot or full futures. Though I generally avoid E-Micros, they are usually fine when the North American markets are open and there's normal volume and ...

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

I should also have mentioned that sentiment reversals almost always happen just past significant historic highs/lows or psychological levels, never at the point when they "should" happen, which is a good reason to take profit or at least tighten ...

USD/CAD

I find Fibonacci retracments for the prior movement work best for confirming entry points for this kind of stepping action, with corresponding candles to confirm the price action is moving in the right direction before taking a position. I use the ...

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

Did anyone else get an unlikely $8 downward spike 20 minutes ago or was it my broker clearing stops? (another reason I don't normally use stops)

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

That was exactly my thinking with regard to where I use to place my stops, but more often than not they would trigger at times that I wouldn't be able to take advantage of the better price, ultimately forcing me to re-enter my positions at worse ...

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

Euro gold chart for the European session? — This spike down to $1753 ($1338 in Euros, the 23.8% Fibonacci from the July low on the Euro gold chart) is a fine example of why I don't generally use stops (at least not tight ones). I know we had ...

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

There is the 38.2% retracement of the last move I was waiting for (a couple hours ago, but I was sleeping). Maybe it will behave like the previous "step" and retest $1780 then back to $1757 before hitting the February high of $1801, or maybe it will ...

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

I closed my position at $1775 and I will start adding to it on the appropriate candles starting at the $1765(ish) 23.6% Fibonacci of yesterday's price action. I just noticed the Fibonacci for my trading software (TWS) which has ~$1766 is slightly ...

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

I definitely believe in contrarian sentiment trading and it's one of the ways I choose my entry or exit targets for long-term moves, but that doesn't normally happen until sentiment well into the 90 percentiles starts to swing the other way. i.e. ...

USD/CAD

If you need to ask how much you should risk, I strongly urge you to do more paper trading (setting it to half or less of your actual starting capital, not $1,000,000 or whatever the default is) until you have a better grasp of what you're getting ...

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

Nearly 80 pips to the 23.6% Fibonacci where it more-or-less is now if small moves like that are important to your style of trading, but all the 8:30am EST economic calendar data only moved USD/CAD 40 pips which was enough to convince me to add to my ...

USD/CAD

We finally hit 0.9708, the 23.6% retracement from 0.9950 three weeks ago, and since it's noon on a Friday with no late afternoon economic data there's little likelihood of further significant movement today, so you're probably safe to place your ...

USD/CAD

Since even terrible retroactive Canadian economic news was unable to move the Loonie more than a 40 pips off its steady downward march, and with yet another oil refinery shut down in Texas not to mention more trouble in the Middle East putting the ...

USD/CAD

We're about to hit the upper boundary of the daily RSI trend channel and 1.065 which is the descending trend line from the 1.1085 high of last June, and if we pass through that, 1.085, the high from February this year, is the next likely target. If ...

AUD/USD

We're about to retest 1.63, and a few months ago I'd have said it's impossible, but with ongoing US QE until 2015, Germany clearing the way for more Eurozone bailouts, and the BoJ backstopping the Yen, that leaves Sterling and gold as the only ...

Cable Update (GBPUSD)

I don't expect a major change of trend to the downside until the ECB/Fed joint conference on October 8/9, and I wouldn't be surprised to see the EUR/USD hit the February high of 1.35 around the same time.

EURUSD

My paranoia got the better of me, thinking some insider knowledge that the QE announcement would be disappointing is what made gold drop to $1720, so I never pulled the trigger on doubling my gold futures at that gift of a pull-back until $1750 even ...

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

The fundamentals (rising oil prices and US QE3 announcement today certainly help) and the technicals (at least in the time frames that I look at) tell me to stay with the major bear trend of this pair and maintain my short USD/CAD position heading ...

USD/CAD