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

Hey mate, did you add more buys? We are at 1182 now.
1162 will bring even better buying opportunities. Wait a little!

my Dear Buddy Jonny Hatinga , V/G to C U back postin here M8 4sure !

Thanks mate.

This guy promoting www.xauusd.hu is a spammer. I would not normally be so ironic on a wrong entry. With him, I cant hold myself.

Sell Gold on every minor/major rise. I will let you know when they will switch it to a buy. For now, it is a sell, regardless of these fake buy movements...

The price of silver is still consolidated around the 14.31 level, with a good support at the 14.00 level. Despite the current consolidation, the bearish trend is still in place on silver, at least on the daily chart. From the current congestion area the price may head in any direction. If it breaks to the upside, the 55 day EMA and the 15.00 levels could hold the price and act as resistance. Above the 15.00 level, its next resistance is at the 200 day EMA and the 16.00 level. To the downside, below the 14.00 level, its next support zone could be the 13.00 level.

Attached Image (click to enlarge)

hey guys as xauusd broke 1190 level how much downside can be seen any idea..........?

Guessing at what level the rate can go, is not in my expertise.

I can tell you how strong the sell signal is. It is very very strong. That is what it is at the moment. And it was so strong from 3 Sept... Never changed.

Future might or might not change. If changing, I will post here. If sell signal is still on, the whole October 2018 monthly bar candle, maybe 50-80 bucks in size (HL) will be a sell.

Just keep in mind they care not about 20-30 bucks retracements, so, try to build up your sell positions, ideally ABOVE the D1 ma1 or ma2 average price. In a downtrend the price is unlikely to get that high, but next week there will be the US farms and the chance Mon-Fri (next week) to be 15-20 bucks range is nearly 95%. This is the time where you can watch opening order(s) above the daily average price.

Expect plenty of action by the end of 2018. Sep 2018 gathered so much kinetic range power... This will be unleashed as nice straight movements in the comming 2-3 months.

As of now, it goes straight down.

hi Jonny , thanks for ur Time + sharin m8

Any ideas of the sudden jump on the price of Silver? I know it is well undervalued but 3.20% jump on the day without any significant news on the radar, it looks strange.
Regards
N

Silver moved to the upside today and reached 14.70. The pair is still quite bullish and next week the move to the upside may reach 15.00.

Here is an idea how to trade the sell momentum we are in at the moment.

I will set it up with few EAs next week.

Keep in mind, Sep'18 was a range month and this set up will be relatively easy to trade. I could not trade it this way in Sep'18, cause I was thinking how to save my ass from the astronomical DD I was at... add on top of that, low IQ (75) issues and here you go. Best month of the year, for secure and easy trading, is now all gone.

At least I have finally figured out what to do, as day trading. A little more brain power, a little too late.

Oct'18 will not be like Sep'18, unfortunately... Oct'18 will be a sell trending month. At least as of now it is a sell month. This might change and I will inform you immediately when it does.

A little channel understanding and knowledge is a must have for trading anything. The price app, usually does not go much outside the TF's channel borders. D1 is what interests you most. The Red line is the Median MA2 price. With MA1 you cant see the D1 channel. D1 MA1 price is even more important for trading, MA2 can be used for better visualization and for trading as well.


Above the red D1 Median price (MA1 or MA2, you pick your best), the orange zone, you start selling, using:

1. the snake's eye (any MA channel, any TF), or
2. draw higher highs in M1, M5, M15 TFs, using MA10-15 or higher, or
3. use some round numbers grid, or
4. use M15/M30/H1/H4 breakouts of the previous candle, or
5. use anything else you could think of

I am doing my best to hold as much as can. I am trying to hold it for 30 bucks. Dreaming to find powers to hold it for a full monthly candle. It does not work, of course. Not yet. But you could hold it just till the next time the price hits the lower D1 channel line. I will do both. Will close at the lower D1 channel line (set A, day trading) and hold it for 30+ bucks at least (set B, monthly candle trading, my primary I already trade now).

Wicks are important. Try to open the last trade there as high as you can. Lot sequence/increment of 0.01, 0.02, 0.03, 0.04, ext. will work nicer than if you just use 0.01 for all higher high entries, but will cause bigger DD figures, too.

Lotsize and profit is not important. Just open your sells above the Median D1 channel price and close them at the lower D1 channel touch. That is all, simply said.

Do not open buys. Accepting losses will damage you.

It is possible some buy retracements to happen. 20 bucks in size or more. I have no signaling system for those, unfortunately. It is a non-stop sell signal they send on the chart and those 20-30 bucks retracements are insignificant for the annual trend. That is a bog problem, cause even when selling above the red Median D1 channel price, a DD there will be for a day or two at least. As of now, I just live with it. I am suggesting you to do the same, unless you have some better suggestions. Good Luck.

Hello MoneyZilla,

I like your style of trading. Can you share indicator please.

Green pips

Here is the daily/weekly channel indicator (Sir mladen's creation) + a ready to go template.

If you ask about the orange colouring on the image I have posted, I have done the colouring manually on my iPad. It is just a "painting" job...

MoneyZilla, I see you might have the FX Holy Grail as you are brave enough to tell others how to trade, even classifying trades "wrong entry" I wish you successful trading BTW my long position is still on so do not worry. Cheers (PS.: you were promoting that website in your message too and that site shows a plain XAUUSD quote and a Weekly XAUUSD chart)

Mate, happy to be in your service! Glad i have helped!;-)

Later in Oct’18, you will have more buying opportunities, at a lot better prices!;-)

The price usually does not travel much outside the daily channel.
You can see it here, since we are still in September's range bound behavior. Nothing has being changed, yet.

Now both most important D1 Median prices (MA1-blue and MA2-red, the D1 channel's mean) are very close. This usually means a trouble. It is a sign for a movement.

The last 5 weeks, the D1 blue line, which is supposed to be neutral, as it is just a Median price, actually takes a side. In reality, it is painted in ORANGE. In CMC Markets, orange means SELL.

So, the "neutral" D1 Median price is actually timed as a sell heavy weight champ. Regardless, it visually now points North, it will drag the rate South. When? I have no idea... That is the big unsolved Mystery. But it will be in October 2018. I hope next week, maybe.

The North movement we are in at the moment is just a fake bow movement. Their true intention is to drive the rate South, actually.

Can things go wrong? Of course they can. Wrong lotsize management and I will suck it big time, from the smelly end...

I closer look shows how the D1 Median Prices do block movements. Because all candles on the chart are nearly 50:50 for Buys:Sells, in a range, you can expect, if yesterday, was a Sell candle, today to be a Buy candle, and vice versa.

I will be really, really surprised if today is a sell day. That is totally unexpected, for me. Today is supposed to be a Buy day and it should finish as an overall Buy D1 candle. Although I have great interests in Sells, objectively, in a range they do D1 Buy-Sell-Buy-Sell-ext. Usually.

So, the bankers like the D1 average price to be around 1190. Why? I have no idea, it is gotta be connected with the average prices of both Buy and Sell balances, I can only guess.

BTW I also do match their D1 Median price. My average sell price is very close the the D1 Median Price.

At some unexpected point in time, the rate will cross the D1 Median Prices and will fall like a rock to make the October's Monthly candle of 60-80 bucks from H to L. This will take 2-3 weeks to finish, but the original monthly trend thrust will be just one...

These are the range borders. The first of the higher levels is gone now.

On the top, there is +6 level. Any touch of D1 +6 or D1 -6 results a bounce back or a rebound in 19 out of 20 times. If it hits 1202 something it will be even better proof for the rate to return downwards.

While typing, even more range border levels got crushed...
These are the RR 1:2 kind of levels.
Prior of releasing those, some 5 to 6 SL have been hit, meanwhile...