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- patguchi replied Aug 25, 2011
above 1765 seems to be good enough for me. but it's having such a hard time piercing it.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 25, 2011
image looks like a text book bull flag forming at the 15min chart. image if it closes this way it looks like a bullish hammer at the daily
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 25, 2011
looks like a double bottom from a 15min chart

XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 25, 2011
i used to be one of those who just keeps asking advice from people about gold trading. lost a lot of money. i came close to becoming bitter and blaming those who gave me advice about gold. but the end of the day it was simply my fault because i was ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 25, 2011
have target price/profit. then check your risk tolerance. basically that's knowing how much are you willing to lose just incase. simply releasing at a support can be dangerous because there is a risk of the price action piercing through a support. ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 25, 2011
i badly need a new broker. any recommendations? my broker doesn't seem to offer any other platforms to trade in. i really think the requotes aren't requotes/invalid prices, off- quotes but rather some "priority" scam. the name of my broker is ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 25, 2011
decide to to open a long with my client at 1731 based on unemployment claims. i got requoted to 1736.78... i really hate mt4. we could've made 700 dollars if we got the entry point right. he wanted a tp at 1745 but it dropped sharply down. decide to ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 25, 2011
simply put.... it's been generally been making lower highs and lower lows. it takes a lot of candle sticks to rally at a smaller price range and fewer candles sticks with higher price range in the downside
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 24, 2011
took two days to get from 1800 to 1900. took 2 days to get from 1900-1760
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 24, 2011
it's expected. it really needs to do this. i'm eyeing 1795 right now for a possible entry point. gold has been rising without much profit-taking from investors. big players have been letting gold rise and waiting for the right time to pull out. it ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 24, 2011
image my chart. i see two flags. a smaller bullish flag and bigger bearish. smaller bullish flag is part of the bigger bearish. 1862-65 seems like its going to be a strong resistance for it was a critical support in the past few days. crossing ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 23, 2011
i lost 3k dollars because of revenge trading on my personal account today. for those of you who don't know revenge trading is when you keep repositioning after every losing trade without out proper analysis of good entry/exit points in the hopes of ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 22, 2011
looks like it's having a hard time piercing through 1895. i getting impatient a bit
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 22, 2011
it still takes balls to do that. so that's still a big congratulations
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 19, 2011
guys once again thanks! my client invested around 30k dollars in spot gold trading from april to present in the company i work for. before discovering this thread i was barely break even. i felt tired, stressed and felt so beaten. the last 3-4 weeks ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 19, 2011
buy on dips. keep your margines low. gold is very volatile. know your risk to reward ratio so you can effectively put up your stops. it's usually 1:3 ratio, risk=1, reward =3 analyze weekly and daily before going to lower time frames. WHEN IN DOUBT, ...
Daily GOLD
- patguchi replied Aug 18, 2011
it depends. if the trend favors your position i just wait for it to take profit. if it doesn't i exit it with a loss. so far i have exited 1 small loss and had a lot of big profits since started observing and participating in this trend. here are ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- patguchi replied Aug 12, 2011
sounds true. but the principle of contrary opinion holds that if the vast majority of people agree on anything, they are generally wrong. (technical analysis of the financial markets : john murphy) well the sample size was pretty small to conclude ...
Gold and Silver Daily
- patguchi replied Aug 12, 2011
url please confirm if this is accurate. thanks
XAU/USD & XAG/USD - Gold & Silver Traders Thread