XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2502 | Metals Mine

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

  • #50,021
  • Jun 21, 2019 2:44am Jun 21, 2019 2:44am
Quoting dweb
Gold price below High of yesterday
20p to go....?
Stay green!!!
  • #50,022
  • Jun 21, 2019 2:45am Jun 21, 2019 2:45am
Quoting Aussi
it looks to take out the buy stops
yep
  • #50,023
  • Jun 21, 2019 2:50am Jun 21, 2019 2:50am
Quoting Aleksbuk
{quote} yep
and that reminds me thank you for trading videos its just the best
people leave, but this thread will go on for ever
  • #50,024
  • Jun 21, 2019 2:52am Jun 21, 2019 2:52am
Quoting Froggy
{quote} 20p to go....?
maybe 40 LOL
Stay green!!!
  • #50,025
  • Jun 21, 2019 4:04am Jun 21, 2019 4:04am
Has gold reach it destination yet? Should we still go long with it or should we take a short break?
  • #50,026
  • Jun 21, 2019 4:09am Jun 21, 2019 4:09am
Gold shorted at 1388, TP 1378 SL 1393
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 29 KB
  • #50,027
  • Jun 21, 2019 4:29am Jun 21, 2019 4:29am
Quoting pundit78
Gold shorted at 1388, TP 1378 SL 1393 {image}
Your trade against the balance and your risk-reward is to small for that tipe of trading. When you trade against a balance, your rick-reward should be minimum 1x5, becausce market will give to you stop-loss more often than profit. If you will right just 3 times from 10 deals, you still will with money. If you have RR just 1x2 you need more than 50% profit trades for be in money, but against a balace it is hard to do.
  • #50,028
  • Jun 21, 2019 4:59am Jun 21, 2019 4:59am
Quoting Aleksbuk
{quote} Your trade against the balance and your risk-reward is to small for that tipe of trading. When you trade against a balance, your rick-reward should be minimum 1x5, becausce market will give to you stop-loss more often than profit. If you will right just 3 times from 10 deals, you still will with money. If you have RR just 1x2 you need more than 50% profit trades for be in money, but against a balace it is hard to do.
Agreed, this is a counter trade but there is always some retracement in any trend and I am trying to cash it out. Regarding R:R ration I always keep as my chart says, it may be 1:1, 1:2 or more, sometimes my risk may be larger than reward but that SL is an emergency SL.
Lets see how this trades goes.
  • #50,029
  • Jun 21, 2019 5:01am Jun 21, 2019 5:01am
Quoting pundit78
Gold shorted at 1388, TP 1378 SL 1393 {image}
SL moved to 1395.
  • #50,030
  • Jun 21, 2019 5:06am Jun 21, 2019 5:06am
Quoting pundit78
{quote} Agreed, this is a counter trade but there is always some retracement in any trend and I am trying to cash it out. Regarding R:R ration I always keep as my chart says, it may be 1:1, 1:2 or more, sometimes my risk may be larger than reward but that SL is an emergency SL. Lets see how this trades goes.
That you use SL it;s very good! I sure you know what do you do, but that who read this, without more profitable RR can fall into the trap.
  • #50,031
  • Jun 21, 2019 5:16am Jun 21, 2019 5:16am
Quoting Aleksbuk
{quote} That you use SL it;s very good! I sure you know what do you do, but that who read this, without more profitable RR can fall into the trap.
Surely keeping low R:R ratio is not good idea, its like once in a blue moon when trade has very very strong chances to achieve the target.
  • #50,032
  • Jun 21, 2019 5:37am Jun 21, 2019 5:37am
Quoting pundit78
{quote} SL moved to 1395.
SL hit.
  • #50,033
  • Edited 6:20am Jun 21, 2019 5:39am | Edited 6:20am
Finally reach top 1 from live trade account on FF. Not easy but have to work hard.

My trading strategic is simple. Just follow price action. If possible try target the drawdown below 20%. I still work hard on it.

https://www.forexfactory.com/trades.php
https://t.me/GoldMaxFX
  • #50,034
  • Jun 21, 2019 5:42am Jun 21, 2019 5:42am
up spike again on gold
people leave, but this thread will go on for ever
  • #50,035
  • Jun 21, 2019 6:20am Jun 21, 2019 6:20am
At moment we are in a major supply zone going back to August 2013 when this huge trading range started.
The last leg down on M5 chart from 6.30 (gmt) has more volume behind it than this upswing to 11.40. That is also bearish.
To get major bullish signal need to be above that trading range at 1434.
Since May 30th we have not seen a major retracement. 50% of that that would take us to 1345 ish which is the tops of the last major trading range, that makes sense for insider testing.
The leg up from 19th June would see a retracement to 1377. What it does there (if it gets there) may set the pace going forward, it would trigger a lot of long stops for further bearish move.
We appear to be in the markup phase of the 2013 range so the eye should always be to the long side so shorts with caution. At moment I have closed my major longs and hold lesser shorts looking to 1379, any retracement less than 50% is bullish
  • #50,036
  • Jun 21, 2019 7:53am Jun 21, 2019 7:53am
Quoting leonelaus
Luckily I closed all short trades at 1360 this early morning, back to work and i could not believe that gold was up to 139x when i turn on the phone .. i have never seen that before
Dodged a bullet huh? That’s sometimes the benefit of not staying in the market too long. I would recommend small time frames for anyone going short gold for the foreseeable future.
careful not to step in a pile of it
  • #50,037
  • Jun 21, 2019 1:16pm Jun 21, 2019 1:16pm
Quoting dream2017
Finally reach top 1 from live trade account on FF. Not easy but have to work hard. My trading strategic is simple. Just follow price action. If possible try target the drawdown below 20%. I still work hard on it. https://www.forexfactory.com/trades.php
Impressive gains! Someone popped you down but there's still time in the month left
  • #50,038
  • Jun 21, 2019 1:16pm Jun 21, 2019 1:16pm
anybody holding longs for the weekend?
Extreme gut feeling trader
  • #50,039
  • Jun 21, 2019 1:18pm Jun 21, 2019 1:18pm
Quoting montygoldy
anybody holding longs for the weekend?
Still holding from 1380, if we don't break 1400 today then I'll keep it open.
  • #50,040
  • Jun 21, 2019 1:29pm Jun 21, 2019 1:29pm
Quoting Metallurgy
{quote} Still holding from 1380, if we don't break 1400 today then I'll keep it open.
Yeah I am hoping it will touch 1400 today lol.....
Extreme gut feeling trader
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