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

  • #43,481
  • Sep 24, 2017 11:32am Sep 24, 2017 11:32am
Quoting Visionary
{quote} I think the broker calculate pips as piplets price so it was either 23.97 pips lost or 239.7 lost but not 2397 unless we count it like that since it was gold it was either $2.397 0r $23.97. i suspect $23.97 on buy cover at $1318.xx to 1294.xx against my sell order that is the only trade comes to mine.
Please note i don't trade for pips but for profit and percentage gain as well. 10,000 pips can be 1% while 200 pips can be 5% at the end of the week i prefer to see profit and percentage gain for myself and also for my manage accounts. This particular account that i had shown its risk tolerance is maximum draw down of 45% which i have mentally accept and my investors as well. However i have risk tolerance account for a moderate approach for someone whose risk tolerance is lower.
  • #43,482
  • Edited 11:54am Sep 24, 2017 11:34am | Edited 11:54am
It's a new week and i have decide to do a early market review on gold before the week get started.

We have close the week with.


Scalp play BULLISH against 1288.xx
Short Term Slightly BEARISH against 1298.xx
Mid Term BEARISH against 1314.xx
Long Term BULLISH against 1280.xx


A very balance trading environment to start off the week, the doors for 1280.xx is still open and below with 1248.xx as first stop. A test of 1314.xx and 1327 is still open and possible which should be watch keenly. A break of 1298.xx will open 1304.xx first and a possible run for 1314.xx and 1327.xx if Bulls decide to go for it. But if this happened watch keenly for continuation or BULLS being trap again. Note this week is another Bank Settlement week. So lets see if we continue Mid Term or supply. 1286.xx was not broken which we should note and keep our eyes on. Watch out on the geopolitics front for a lot of noise and movers once again coming this week. Tuesday Fix will be the last one within the Bank Settlement period so it will be key in telling us direction for the rest of the week against the week high or low as risk once again.
  • #43,483
  • Sep 24, 2017 6:38pm Sep 24, 2017 6:38pm
Quoting avibe
{quote} +70 BUY THE RUMOR SELL THE FACT!....if the mofo doesn't nuke - Sell the fact as in sell gold on Monday/Tuesday .....
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practising coitus interruptus
  • #43,484
  • Sep 24, 2017 7:09pm Sep 24, 2017 7:09pm
Quoting james1254
... I prefer not to trade during the news.
Agree completely.

Those that do eventually pay for it - with interest.
  • #43,485
  • Sep 24, 2017 9:41pm Sep 24, 2017 9:41pm
Quoting Visionary
{quote} I would prefer to see even a buy scalp form to even consider long. i don't practice to pick bottom or tops, but i know the area to look for them. But selling the rallies is my prefer trades for now. I suspect we will get a PM fix below 1296.xx which will start the 1280.xx leg and possible 1248.xx money on the table play expecting a correction after the 1280.xx leg at the moment a buy scalp is forming at 1293.xx against 1291.xx Risk but not yet confirm and i am not too interesting in playing it. Note buy and sell scalp or the earliest of...
Bear still haven't confirm a meaningful breakout now. Best is to wait for confirmation now. I do agree 1286 is the defence line. Let see how it goes during tonight NY session. I am putting a small long at 1290 currently. Sl1286
  • #43,486
  • Sep 24, 2017 10:41pm Sep 24, 2017 10:41pm
Quoting Visionary
It's a new week and i have decide to do a early market review on gold before the week get started. We have close the week with. Scalp play BULLISH against 1288.xx Short Term Slightly BEARISH against 1298.xx Mid Term BEARISH against 1314.xx Long Term BULLISH against 1280.xx A very balance trading environment to start off the week, the doors for 1280.xx is still open and below with 1248.xx as first stop. A test of 1314.xx and 1327 is still open and possible which should be watch keenly. A break of 1298.xx will open 1304.xx first and a possible run...
Alot of futures n contracts are due on October. My view is on bull rather than bear. I am watching sp500 to give me some clues tonight.
  • #43,487
  • Sep 24, 2017 10:52pm Sep 24, 2017 10:52pm
Quoting Visionary
{quote} Hello Goldgirl, good to see you around. if we get to 1300.xx or even below 1309.xx with keeping 1316.xx orders intact then 1280.xx is in play and from there the possible 1248.xx leg. At the moment 1316.xx is looking at me, with stops forming there and FOMC will probably attack them then sell. However above it will trigger momentum as well to the upside. So proper risk must be apply. 1312.xx risk 1316.xx is a good trade for now. But i prefer to look for a set up coming off 1323.xx without a Fix above 1318.xx if we get a spike. The fight for...
Currently, I am on long from 1290 since no meaningful breakout of 1291 supports.
I prefer a 50 pips short against 1303/04 area and long again till 1316 area+-. From there, I will try to reevaluate again. Hope bull volume is supportive enough to travel to 1326/7 area.
  • #43,488
  • Sep 24, 2017 10:56pm Sep 24, 2017 10:56pm
Uj and gj is on bear. Looking to add short prior to EU session opening.

With that in mind, percentage of gold bull is very high.
  • #43,489
  • Sep 24, 2017 11:12pm Sep 24, 2017 11:12pm
Should be manage to close above 1305 today or tomorrow, Gold bull trend will be confirmed.
  • #43,490
  • Edited 1:41am Sep 25, 2017 12:39am | Edited 1:41am
Target $1282 (50% Fibo : 1204 -> 1357)
  • #43,491
  • Sep 25, 2017 12:59am Sep 25, 2017 12:59am
Inserted Video
  • #43,492
  • Sep 25, 2017 1:58am Sep 25, 2017 1:58am
Quoting Visionary
It's a new week and i have decide to do a early market review on gold before the week get started. We have close the week with. Scalp play BULLISH against 1288.xx Short Term Slightly BEARISH against 1298.xx Mid Term BEARISH against 1314.xx Long Term BULLISH against 1280.xx A very balance trading environment to start off the week, the doors for 1280.xx is still open and below with 1248.xx as first stop. A test of 1314.xx and 1327 is still open and possible which should be watch keenly. A break of 1298.xx will open 1304.xx first and a possible run...

Buy scalp showing sign of hold so far buy at 1292.xx against risk 1288.xx target 2:1 at 1300.xx at moment if Am fix get over 1294.xx confirm with PM will hold for 1304.xx
  • #43,493
  • Sep 25, 2017 2:00am Sep 25, 2017 2:00am
Awaiting confirmation to add another short.
Conventional trading is for losers
  • #43,494
  • Sep 25, 2017 2:02am Sep 25, 2017 2:02am
Quoting goldgirl
{quote} Bear still haven't confirm a meaningful breakout now. Best is to wait for confirmation now. I do agree 1286 is the defence line. Let see how it goes during tonight NY session. I am putting a small long at 1290 currently. Sl1286
They haven't confirm a Long Term break as yet, but Mid Term is confirm and still in play. 1290.xx was a nice price against 1286.xx entry. a $4 risk.
  • #43,495
  • Sep 25, 2017 2:09am Sep 25, 2017 2:09am
Quoting goldgirl
{quote} Alot of futures n contracts are due on October. My view is on bull rather than bear. I am watching sp500 to give me some clues tonight.
I see them, but will watch what is happening around this area, for it looking like 2016 with swings within a range until a meaningful straight leg move
  • #43,496
  • Sep 25, 2017 2:15am Sep 25, 2017 2:15am
Quoting goldgirl
{quote} Currently, I am on long from 1290 since no meaningful breakout of 1291 supports. I prefer a 50 pips short against 1303/04 area and long again till 1316 area+-. From there, I will try to reevaluate again. Hope bull volume is supportive enough to travel to 1326/7 area.
Yes will be paying attention to those # as well, gave my review over the weekend. However i am not hoping play what i see.
  • #43,497
  • Sep 25, 2017 2:36am Sep 25, 2017 2:36am
Quoting halichthiep
Target $1282 (50% Fibo : 1204 -> 1357)
Entry Buy 1282 Take Profit 1321
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  • #43,498
  • Edited 4:02am Sep 25, 2017 3:15am | Edited 4:02am
Quoting Visionary
{quote} Buy scalp showing sign of hold so far buy at 1292.xx against risk 1288.xx target 2:1 at 1300.xx at moment if Am fix get over 1294.xx confirm with PM will hold for 1304.xx
A sell scalp as now been form and confirm against 1294.xx so will see where we fix for AM and see where Toyoko go home at.

Quoting Visionary
{quote} A sell scalp as now been form and confirm against 1294.xx so will see where we fix for AM and see where Toyoko go at.
Note BULLS still have the edge against 1288.xx so Fix is needed above 1294.xx to start a move higher.
  • #43,499
  • Sep 25, 2017 3:29am Sep 25, 2017 3:29am
Quoting halichthiep
{quote} Entry Buy 1282 Take Profit 1321 {image}
may be as 1337 ok perhaps in this swing towards 1270/56 to even 1206 again before next reliable bull to start but any of those levels should bounce enough . Take care , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #43,500
  • Sep 25, 2017 4:42am Sep 25, 2017 4:42am
Quoting Visionary
{quote} Buy scalp showing sign of hold so far buy at 1292.xx against risk 1288.xx target 2:1 at 1300.xx at moment if Am fix get over 1294.xx confirm with PM will hold for 1304.xx
Tokyo went home Bullish on the day. And we AM at 1294.xx will keep until PM and see if we hold 1294.xx and break 1298.xx
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