Well, short term, the market is telling you to stay out, there is no obvious trend. It's been a difficult market so far this month, ranging. then a break to the upside, and seems to have moved straight into another range. The 1600 psychological ...

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

Yes, or rather I used to, but not often now. Very little there of interest to me nowadays

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

No spamming intended as I am not selling anything. I posted a few charts initially, yesterday I posted 1, that's hardly every hour now, is it? Don't worry, I will not be posting many charts in future, but if I do, I will post more than I will also ...

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

It's been a long time since I tried to get a grip on EW theory and failed. I may be wrong but i believe that wave 4 should not have gone higher than the bottom of wave 1. That would mean that you would have to re-label 3 as 1 and 4 as 2. Like I say, ...

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

Strong downmove on Gold. Am currently waiting to see if the bulls can push retracement to the levels where the bears have shown their strength and then look for signal to short. Getting late here, so I may be asleep if/when it happens image

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

I have noticed that the fork is quite popular in this thread I never really rated it before, but it does seem to work quite well with Gold. Is it the standard Andrew's pitchfork that you get with MT4?

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

I'm not sure if this will be profitable in the long term, so only trading with very small risk. One of the biggest obstacles to trading like this is the 5 pip spread. If I had held that trade, it would have returned good profit, but with the price ...

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

Closed trade and took 11 pip loss Get out and live to trade in better conditions image Can't win them all, would have got out earlier, but fingers too slow

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

Price is hanging around my entry - tiny candles Neither bulls or bears prepared to commit. If nothing happens soon will consider getting out and losing the spread. image

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

Here's the chart image

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

Entered short 1595.5

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

Another strong upmove on Gold (Compared to recent PA) Higher upper shadows on recent candles alert me to possibility of a reversal Watching closely image

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

Hi WhatFX I didn't see the strong up move on the H1 chart. I was just suggesting that scrolling back on the H1 chart, you will often see times that strong moves with larger candles are often immediately reversed with the next candle. In fact not all ...

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

Yes, you are right about my entry it was 1595.6. I have noted that there is some confusion about point (pip) size. For me, 1 pip is a 10 cent move, I have seen other posts where they use 1 cent and I guess that you use $1. Profit was measly on this ...

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

I did'nt exit. I don't think that i said that. But I am tired now and will be off to bed. Now I have exited with a measly 8 pips profit

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

Sorry, forgot to attach the chart image

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

Now you see an area that was previously resistance, the bulls are hoping that this may now be support There is nothing wrong with the Bull's reasoning But if that support breaks there is no support between my trade and good profit

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

Yes, and always when you are watching a trade

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

WhatFX, you obviously know with watching the higher TF that we often have big moves that are reversed with the next candle on Gold. You will get signals on the lower tf with PA image I hope that this explains my reasons for taking the short. ...

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

Moved SL to BE, so will explain, but have to pee image

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