XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2261 | Metals Mine

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

  • #45,201
  • Jan 9, 2018 3:22am Jan 9, 2018 3:22am
MoneyZilla, personally I only hope for usd to rocket as I long usd a lot alot against eur, gbp and gold. all the best to u
  • #45,202
  • Jan 9, 2018 3:38am Jan 9, 2018 3:38am
HockMan, all the best to you, too! I wish USD to become stronger more than you, mate. In 2017 i lost 200k in less profits, because of the weak dollar. I hope I am wrong, i really do, but in my oppinion, the dollar will strengthen not before March-May 2018...
Maadik Hugiis. IQ 69.
  • #45,203
  • Jan 9, 2018 3:41am Jan 9, 2018 3:41am
hope u MoneyZilla get back your loss. my current open positions are in total red abt USD 580 and I already cut some lost over 100k and hope for usd rebound strong. Cannot cut currently as too big the loss. Personally, fundamentally usd should be strong considering the economy and the tax cut and interest rate differential. But again I am wrong. All the best to u and others.
  • #45,204
  • Jan 9, 2018 7:56am Jan 9, 2018 7:56am
Quoting MoneyZilla
HockMan, all the best to you, too! I wish USD to become stronger more than you, mate. In 2017 i lost 200k in less profits, because of the weak dollar. I hope I am wrong, i really do, but in my oppinion, the dollar will strengthen not before March-May 2018...
Do you trade only Gold ?
Meanwhile I have a short position on Silver at 17.05 and target 16.9 for now. Like I said earlier today, it feels like it is going to go down, but I am a bit reluctant to sell since I don't see much potential for it to decline with like 1-1.5$ and I prefer to target larger moves for longer periods not day trading if we reach 16.5-$ I will be happy to load the big longs
  • #45,205
  • Jan 9, 2018 8:12am Jan 9, 2018 8:12am
Quoting atom3
{quote} Do you trade only Gold ?
Yep. As of now Gold seems to be the easiest pair to trade for me. Unlike Gold, FX pairs are way too slow and most of them can stay locked for ages.

You have a good trading style. Weekly/Monthly trading seems to be the easiest way to go. I can day trade only in a range. For four years I could not learn how to day trade consistently. Still looking around. Only in range times it works for me. And it is not really perfect, but it just works. Outside the range I am a complete day trading disaster...
Maadik Hugiis. IQ 69.
  • #45,206
  • Jan 9, 2018 8:26am Jan 9, 2018 8:26am
H4/D1 technical shows start of strong bear trend. anybody thinks otherwise? please share your thoughts
  • #45,207
  • Jan 9, 2018 8:27am Jan 9, 2018 8:27am
Quoting MoneyZilla
{quote} Yep. As of now Gold seems to be the easiest pair to trade for me. Unlike Gold, FX pairs are way too slow and most of them can stay locked for ages. You have a good trading style. Weekly/Monthly trading seems to be the easiest way to go. I can day trade only in a range. For four years I could not learn how to day trade consistently. Still looking around. Only in range times it works for me. And it is not really perfect, but it just works. Outside the range I am a complete day trading disaster...

Thank you, I too focus on Gold/Silver only, day-trading inside range sure is fun now is much harder for me to find a short term direction as well, if I have to put percentage on it, my current short has probably like 60%:40% win:loss
  • #45,208
  • Jan 9, 2018 8:42am Jan 9, 2018 8:42am
Quoting MoneyZilla
{quote} Unlike Gold, FX pairs are way too slow and most of them can stay locked for ages.
Agreed, volatility is what us traders should embrace .

Just a side note, the steam crypto cfd train seems mightily tempting despite low leverage & high spread costs.
  • #45,209
  • Jan 9, 2018 8:43am Jan 9, 2018 8:43am
I like gold because it pays well with my broker. And I like to see the shootouts, I have managed to get on bunch of them, but I am a noob still and learning by the minute. I like to let my winners run, so I enter the trade and hope it will go that direction many days. Daytrading is not for me. I would get too nervous and make too many mistakes. My strategty is to make maximum 2 trades with gold in a week and to earn some with it as well. If I get the runner from the top, then let it run, the more the merrier.
I also trade forex, it is slow, but I dont mind, at least keeps my risk management in proper pieces. I hope gold goes below 1300 now. I am still doing this more for fun and learning, but I have gained some, so I guess I am all good for now.
  • #45,210
  • Jan 9, 2018 9:38am Jan 9, 2018 9:38am
Quoting chee-neechee
H4/D1 technical shows start of strong bear trend. anybody thinks otherwise? please share your thoughts
Nah, most likely just a correction.
  • #45,211
  • Jan 9, 2018 10:49am Jan 9, 2018 10:49am
I opened a short position on Silver, it will likely retrace back to 16.70, which is the (MA)89 indicator on the daily time-frame.
  • #45,212
  • Jan 9, 2018 10:49am Jan 9, 2018 10:49am
Quoting SunTrader
{quote} Nah, most likely just a correction.
thx! could you explain why this is a correction and why trend still expected to be bullish?
  • #45,213
  • Jan 9, 2018 11:08am Jan 9, 2018 11:08am
Quoting chee-neechee
{quote} thx! could you explain why this is a correction and why trend still expected to be bullish?
As per below chart note the up move to Jan 4th top was +7.2% (top of the chart above swing shows it) while the prior two up moves were 3.57% and 2.87% respectively.

This is called an overbalance of price which signals a change in trend (current swing is greater than prior ones), from corrective to impulsive. Since the Jan 4th top it is in a correction mode first before impulsive wave resumes again.
Attached Image (click to enlarge)
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  • #45,214
  • Jan 9, 2018 5:34pm Jan 9, 2018 5:34pm
Ok babes, the next target is................1200. sell sell sell quick!
  • #45,215
  • Jan 9, 2018 5:36pm Jan 9, 2018 5:36pm
Quoting SunTrader
{quote} As per below chart note the up move to Jan 4th top was +7.2% (top of the chart above swing shows it) while the prior two up moves were 3.57% and 2.87% respectively. This is called an overbalance of price which signals a change in trend (current swing is greater than prior ones), from corrective to impulsive. Since the Jan 4th top it is in a correction mode first before impulsive wave resumes again. {image}
Hello SunTrader,

Well-explained thank you may I ask what indicators are you using for find swing % and for MASOS +Signal?

Regards,
Moti
  • #45,216
  • Jan 9, 2018 5:52pm Jan 9, 2018 5:52pm
Quoting Motiram
{quote} Hello SunTrader, Well-explained thank you may I ask what indicators are you using for find swing % and for MASOS +Signal? Regards, Mot
i
Think the question should be what platform - Dynamic Trader is the answer.
  • #45,217
  • Jan 10, 2018 12:18am Jan 10, 2018 12:18am
Inserted Video
  • #45,218
  • Jan 10, 2018 1:54am Jan 10, 2018 1:54am
when should we expect finish of bear correction?
what would be reasonable TP for current short position?

thx!
  • #45,219
  • Jan 10, 2018 4:03am Jan 10, 2018 4:03am
The trend is still bullish, but we see a correction at the moment, and the pair is forming narrow price range now, so further upward movement can be after breaking through new resistance level at 1326
  • #45,220
  • Jan 10, 2018 5:03am Jan 10, 2018 5:03am
gold target 1328 , 1331 , 36 , 46 , 53
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