XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2420 | Metals Mine

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

  • #48,381
  • Mar 18, 2019 12:16am Mar 18, 2019 12:16am
Quoting dweb
{quote} None... waiting on price to tell its had enough of me....for a moment. I will post exit and results {image}
added sell 1299.61
We err, and err, and err again, but less.
  • #48,382
  • Mar 18, 2019 1:15am Mar 18, 2019 1:15am
Inserted Video
  • #48,383
  • Mar 18, 2019 10:24am Mar 18, 2019 10:24am
Quoting dweb
{quote} added sell 1299.61
your SL.?
Always with a Road Not Taken
  • #48,384
  • Mar 19, 2019 2:19am Mar 19, 2019 2:19am
still waiting for correction to go bull , market perhaps waiting end some drama . with huge tanking yesterday my usdx index disabled , may come live only after filling perhaps !! strange !!!
take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #48,385
  • Mar 19, 2019 3:05am Mar 19, 2019 3:05am
Quoting tush1822
Multiple selling setup from 1305.86. tp 1294.5.
added one more short from 1307.51, tp for all shorts is 1294.5.
  • #48,386
  • Mar 19, 2019 3:59am Mar 19, 2019 3:59am
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  • #48,387
  • Mar 19, 2019 6:32pm Mar 19, 2019 6:32pm
re stops
as a newcomer to XAU, there's a lot of movement daily -- some days many $

if I've got this correctly, $1 = 100 pips @ ~US$10 = $1000 per $1

so can regular XAU traders assist on -- what you use as a "reasonable stop"
it seems that a 50c ( $500 ) stop would be necessary much of the time, even on the lower time frames, unless you're lucky

then the Lot size calc come after that

any advice appreciated
  • #48,388
  • Mar 20, 2019 1:37am Mar 20, 2019 1:37am
Quoting calisto77
re stops as a newcomer to XAU, there's a lot of movement daily -- some days many $ if I've got this correctly, $1 = 100 pips @ ~US$10 = $1000 per $1 so can regular XAU traders assist on -- what you use as a "reasonable stop" it seems that a 50c ( $500 ) stop would be necessary much of the time, even on the lower time frames, unless you're lucky then the Lot size calc come after that any advice appreciated
IMVHO stop should placed on technical basis: previous bar high/low, S/R line, trendline, ...
Then you choose your position size such that your loss does not exceed x% of your account. x is determined by your risk management rules.

The size of XAUUSD contract is 100oz which means $100 p/l for $1 of price move. Minimum size is 1oz.
  • #48,389
  • Mar 20, 2019 7:30am Mar 20, 2019 7:30am
Quoting yg10
{quote} IMVHO stop should placed on technical basis: previous bar high/low, S/R line, trendline, ... Then you choose your position size such that your loss does not exceed x% of your account. x is determined by your risk management rules. The size of XAUUSD contract is 100oz which means $100 p/l for $1 of price move. Minimum size is 1oz.
Agree 100% (+/- 1%)
  • #48,390
  • Mar 20, 2019 8:33am Mar 20, 2019 8:33am
Breakout in XAG/USD

XAG/USD took a breakout from the symmetrical triangle in the 4 hours chart at 15.36 after making a bullish engulfing candle in the last candle.
Entry: Around 15.36
Target: 15.425, 15.679
SL: 15.228
Good LUCK
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  • #48,391
  • Mar 20, 2019 8:58am Mar 20, 2019 8:58am
Gold going to fly to 1320.
Yoobbie
  • #48,392
  • Mar 20, 2019 11:12am Mar 20, 2019 11:12am
Quoting Shadowluxury
Gold going to fly to 1320.
based on what?
  • #48,393
  • Mar 20, 2019 11:38am Mar 20, 2019 11:38am
Game over for you !!..
  • #48,394
  • Mar 20, 2019 11:49am Mar 20, 2019 11:49am
Quoting joinup
{quote} based on what?
Based on its rejection at 1300. Usd inflation be the factor on this week
Yoobbie
  • #48,395
  • Mar 20, 2019 11:52am Mar 20, 2019 11:52am
Quoting swagat555
Game over for you !!..
Anything wont over unless u r a useless trader who dont know on correction, mm or PA.
Yoobbie
  • #48,396
  • Mar 20, 2019 11:59am Mar 20, 2019 11:59am
Cypher pattern on Gold XAU/USD M30 chart. Entry: 1299.9851
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  • #48,397
  • Mar 20, 2019 12:56pm Mar 20, 2019 12:56pm
Quoting Shadowluxury
{quote} Anything wont over unless u r a useless trader who dont know on correction, mm or PA.
We are back above 1300... don't you see ... Do you know about Pivot... Its jumped from WP.
  • #48,398
  • Mar 20, 2019 2:49pm Mar 20, 2019 2:49pm
Quoting Shadowluxury
{quote} Anything wont over unless u r a useless trader who dont know on correction, mm or PA.
Did you find the result ? ... or still looking for 1275/1290
  • #48,399
  • Mar 20, 2019 3:13pm Mar 20, 2019 3:13pm
Quoting andy.marvel
Cypher pattern on Gold XAU/USD M30 chart. Entry: 1299.9851 {image}
May well work out for you but I don't believe that is how to properly use it:

https://www.tradingview.com/ideas/cypherpattern/

Notice they capture, for the most part, cleanly up/down waves with not much chop and overlap of triangles.
  • #48,400
  • Edited 4:01pm Mar 20, 2019 3:15pm | Edited 4:01pm
Looks like it has found the resistance at 1314.5. I still believe that it will continue its downward movement from here. Comments please
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