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

  • #50,741
  • Jul 10, 2019 10:43am Jul 10, 2019 10:43am
Quoting Mmase12
If it breaks 1410 up, it will be another confirmation of a buy
You're on man.... we gonna fly..... 1420+ may be today or tomorrow... may be its my emotions ....
Extreme gut feeling trader
  • #50,742
  • Jul 10, 2019 10:46am Jul 10, 2019 10:46am
Quoting montygoldy
{quote} You're on man.... we gonna fly..... 1420+ may be today or tomorrow
gut feeling?
P.S. Trade with the discipline of Money Management and Risk Management.
  • #50,743
  • Jul 10, 2019 10:48am Jul 10, 2019 10:48am
Quoting montygoldy
I think that quick spike down was the sl hunter... 1416 is coming i may be wrong... If i kept it my account would have been blown.... nice call pheww..... ANybody entered short?
I have buys and sells in place so let it go where it s mind takes it.
R
Ronnie Renko
  • #50,744
  • Jul 10, 2019 10:51am Jul 10, 2019 10:51am
Quoting pundit78
I am short on Gold TP 1368, SL -1411.
So finally stopped out, no worries, I am long now. SL 1376 TP -- Not defined yet
  • #50,745
  • Jul 10, 2019 11:03am Jul 10, 2019 11:03am
The beauty of patience and actually waiting my for levels is something that can go a long way when trading.

Price was somwwhat subdued for two days and today we finally got volatility...... All these levels were spoken about earlier on in the week.


Instead of getting impatient and loosing money fast, rather be patient.

The daily buy zone has provided another bounce again today, in the past 4 days.
What does this tell us? Bears need a proper break and close 1385 handle on a daily closing basis.....
1393 intra day has been a key value for bulls and they have defended it daily ....

Will merge some charts to this post just to put things in graphical form

The daily chart illustrates the daily buy zone where buyers have been pumping price higher. Possible retest of that RSI trendline and down we go.....I reiterate...possible....

The hourly chart shows why I had been eyeing that 1400 mark......the crossover hadn't happened meaning even though market was going higher was still waiting to get short on 4hourly sell area.
Had a couple of stop outs at BE all day attempting sells but luckily took a buy at daily buy area so all these shorts will be hedged with that buy up until we break that stubborn support should we even break it.

4 hourly self explanatory to say the least....let's continue trading .....must say I enjoy the dialogue on this thread....
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4&1 All Time Profit: $37,496
  • #50,746
  • Jul 10, 2019 11:07am Jul 10, 2019 11:07am
For those of you, who do believe that "the news" are "moving" the rates.

This is how "the news" did "surprise" the market... They knew it, already, it is gonna be a buy jump, nearly 4 hours BEFORE "the news".
Attached Image (click to enlarge)
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How is this even possible, if "the news" are "moving" the rate?!?
Maadik Hugiis. IQ 69.
  • #50,747
  • Jul 10, 2019 11:08am Jul 10, 2019 11:08am
Quoting Ced74
{quote} I have buys and sells in place so let it go where it s mind takes it. R
That is a good approach,one way or the other,one must be hit
  • #50,748
  • Jul 10, 2019 11:12am Jul 10, 2019 11:12am
Quoting MoneyZilla
For those of you, who do believe that "the news" are "moving" the rates. This is how "the news" did "surprise" the market... They knew it, already, it is gonna be a buy jump, nearly 4 hours BEFORE "the news". {image} How is this even possible, if "the news" are "moving" the rate?!?
Man how do they do it,how do they know.Can you please explain further,I have so so so much interest in trading news and need the proper tools to foretell me,you have just made my day,please explain your findings
  • #50,749
  • Jul 10, 2019 11:15am Jul 10, 2019 11:15am
This is the daily refresh of the same thing, zoomed out. Buy and Sell time spent, even when daily restarted, still, is 3:1, even higher.
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And now, never restarted/reseted:
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Maadik Hugiis. IQ 69.
  • #50,750
  • Jul 10, 2019 11:18am Jul 10, 2019 11:18am
We flying.......................
Extreme gut feeling trader
  • #50,751
  • Jul 10, 2019 12:12pm Jul 10, 2019 12:12pm
Ok done the last trade of the day will hold till tomorrow if it dont hit my tp... sl: already in profit... risking rest of profit....
tp: 1420, entry: 1406,
Extreme gut feeling trader
  • #50,752
  • Jul 10, 2019 12:56pm Jul 10, 2019 12:56pm
Quoting montygoldy
{quote} Thats the part man.... but you never know.... But I STILL BELIEVE Bullish... my gut says this 4 hour candle can touch 1416+
Its nearly there and I believe next 4 hour candle should be green as well.... i may be wrong...
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Extreme gut feeling trader
  • #50,753
  • Jul 10, 2019 1:13pm Jul 10, 2019 1:13pm
Common guys buy buy push push it to my target......
Extreme gut feeling trader
  • #50,754
  • Jul 10, 2019 1:33pm Jul 10, 2019 1:33pm
Quoting montygoldy
Common guys buy buy push push it to my target......
If it closes below 1420 today then 1424 may not reach. We have already divergence on daily timeline.
Trade safe! I may be wrong
P.S. Trade with the discipline of Money Management and Risk Management.
  • #50,755
  • Jul 10, 2019 1:57pm Jul 10, 2019 1:57pm
Amazing burst today... decisions presented today or at least perceived in a certain way... hammer USD outcome/forecast quite a bit... helped gold a lot, it seems...
However I still believe in the stronger USD by the day, for the whole summer and some FALL at least, to at least 10OCT19 at which point new heavy recalculation will take place... I am curious myself about my price prediction being right or wrong... At this moment, right now, it doesn't look good for obvious reasons... but it can be only be (fair to) judge(d) on the larger timeframe, specially on 10OCT19 in retrospect when the rather whole picture of previous 3 months will form rather good/clear... So 10JUL19-10OCT19 my expectations is for USD to slowly rise... compared to EUR in particular... let's see what REALITY brings.. I wonder what the EXPECTATIONS vs REALITY picture will be.. Ready for anything. I stand by my claims. Timestamped... Here you have it
Can you afford to take that chance?
  • #50,756
  • Jul 10, 2019 1:58pm Jul 10, 2019 1:58pm
Quoting montygoldy
Ok done the last trade of the day will hold till tomorrow if it dont hit my tp... sl: already in profit... risking rest of profit.... tp: 1420, entry: 1406,
Manual stop profit locked looking for buy opportunity
Extreme gut feeling trader
  • #50,757
  • Jul 10, 2019 2:05pm Jul 10, 2019 2:05pm
Retrace fall back to 1406?
  • #50,758
  • Jul 10, 2019 3:07pm Jul 10, 2019 3:07pm
Have to see what asia session gonna do.
  • #50,759
  • Jul 10, 2019 4:54pm Jul 10, 2019 4:54pm
Quoting MoneyZilla
For those of you, who do believe that "the news" are "moving" the rates. This is how "the news" did "surprise" the market... They knew it, already, it is gonna be a buy jump, nearly 4 hours BEFORE "the news". {image} How is this even possible, if "the news" are "moving" the rate?!?
What is this on your picture @moneyzilla ?
Through the light of enlightenment, darkness unveils the path of truth.
  • #50,760
  • Jul 10, 2019 4:55pm Jul 10, 2019 4:55pm
Quoting MzansiObi
The beauty of patience and actually waiting my for levels is something that can go a long way when trading. Price was somwwhat subdued for two days and today we finally got volatility...... All these levels were spoken about earlier on in the week. Instead of getting impatient and loosing money fast, rather be patient. The daily buy zone has provided another bounce again today, in the past 4 days. What does this tell us? Bears need a proper break and close 1385 handle on a daily closing basis..... 1393 intra day has been a key value for bulls and...
very comprehensive..
many are focusing bulls ignoring bears, they are getting prepared
P.S. Trade with the discipline of Money Management and Risk Management.
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