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Trading gold and silver only

  • Post #1
  • Quote
  • First Post: Apr 28, 2021 5:44am Apr 28, 2021 5:44am
There may be a good reason to trade a very few commodities only,
1. You get to know their ups and downs intimately.
2. More confusion trading 20 - 30 pairs.
3 Both gold and silver react to world and market news,
4. get comfortable with these 2 before upping the stakes.
What are your thoughts ?
Trading quality is surely preferable to quantity.
I have been trading on the forex market so far. Any of the pairs.
I might change to just gold and silver. Oil is another possibility.
  • Post #3
  • Quote
  • Edited 1:50pm Apr 28, 2021 7:49am | Edited 1:50pm
Currently gold is on a bit of a slide imho.
I'm interested in day-trading silver.

Sold silver at 26.111, TP 25.689, SL 26.532.

What do you think?
Attached Image (click to enlarge)
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gold flat at the moment
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Silver flat too
This is the 1 M chart and there is the start of a possible break down.
Attached Image (click to enlarge)
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Quoting Pat494
This is the 1 M chart and there is the start of a possible break down.{image}
It was a fake move. The 1 minute chart is a bit unreliable.
Quoting YeGuCheng
I'm interested in day-trading silver. Sold silver at 26.111, TP 25.689, SL 26.532. What do you think?
Silver used to trade around the $15 to $18. But now seems to be on a rise.
Some on U-tube think it may go as high as $100 an ounce. A bit optimistic just yet.
Looks pretty flat to me so far. Could go either way imho
Watching for 1845 limit! Breaks then 1800 next test! Take care
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Attached Image (click to enlarge)
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gently rising - 15M chart
Any update on Gold analysis?

Thanks!
  • Post #14
  • Quote
  • Edited 6:39am Jan 31, 2022 3:25am | Edited 6:39am
Gold & silver trying to CT; long 89

Edit: Gold long, SL clos<83 TP near figure

Update: long Silver>Gold to reach TP, most likely. Might allocate on retrace

Update2: closed long G 92, switched to S at 46, adding if PA warranted
  • Post #15
  • Quote
  • Edited 9:14am Jan 31, 2022 7:18am | Edited 9:14am
My view is it's got legs, will let run to London fix, SL close < 278, aim 81 res

Update: closed Long silver +5
why? Gold TP'd b4 Silver, got trolled too close to fix, prolly will mean revert some
last try long S @ 46

Edit: 46 prev supp, got in at 50
closed S, -5
  • Post #18
  • Quote
  • Edited 4:08pm Feb 1, 2022 11:56am | Edited 4:08pm
Willing to play the long side, if it takes a whiff at 1802 again

Update: XAU$ Long half size at 03

Update2: Settled for 2.6 at R1, aim ~10, SL cl < figure

Update3: unloaded 1/2, SL if cl < 95.5, -0.2R

Update4: added 1/2 @98.7 / Upd5: closed 1/2 @ 00, +0.1R

Final: closed long BE, loss -0.1R
  • Post #19
  • Quote
  • Edited 4:36am Feb 3, 2022 2:49am | Edited 4:36am
Gold prospectors, hi!
I like the short side: taking short 1805 to 08

Update: sold 04.5, SL clos> 08 TP 1796/7

Update2: shrt 06, new intermediate res
If it comes to it, I'm gonna mine the res. vein from 05 to 07-07.50. Higher, it's damn pyrite, I'll get out of Dodge.
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