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

  • #50,981
  • Jul 16, 2019 2:23am Jul 16, 2019 2:23am
Quoting auricforecas
{quote} Nice! Keep it rollin, nothing like waking up into profit
Lol, I was snoozing the alarm is set to wake up.....
Level wise, nothing has changed since yesterday....
Still looking at said levels from yesterday 1410/09 as support intraday and high at 1418/19

We need clear breaks and closes on an hourly basis to break out of this range, till then we keep playing ping pong with these levels.

Stay profitable
4&1 All Time Profit: $37,496
  • #50,982
  • Jul 16, 2019 2:28am Jul 16, 2019 2:28am
Quoting MzansiObi
{quote} Took 1411.7.... Flat for now.... Looking to sell as high as 1418 again today but will wait and see what charts print post London open...... Morning Gang Gang
I noticed London session bear most takes control. afternoon NY session bull is on. but yeah we will see.. asia session today seems bull is on
  • #50,983
  • Jul 16, 2019 2:48am Jul 16, 2019 2:48am
Quoting LittleMonkee
{quote} I noticed London session bear most takes control. afternoon NY session bull is on. but yeah we will see.. asia session today seems bull is on
Nice observation bud......and I. Most instances following the MM will yield result....so the support and Resistance, coupled with momentum/order flow helps add another dimension to better help us make better entries
4&1 All Time Profit: $37,496
  • #50,984
  • Jul 16, 2019 4:13am Jul 16, 2019 4:13am
Quoting Goldenshot
{quote} My troopers cant find it easy to get that data. I think youve got it very specialized, that's very rare, never seen it anywhere before
It is getting even worse now.
Attached Image

Does not necessarily means it will fly up.

It means, at some point, dunno when exactly, it will just blow away 1440.

This is hidden from the eye buy super tension or pressure or whatever...
Maadik Hugiis. IQ 69.
  • #50,985
  • Jul 16, 2019 4:23am Jul 16, 2019 4:23am
Quoting MoneyZilla
{quote} It is getting even worse now. {image} Does not necessarily means it will fly up. It means, at some point, dunno when exactly, it will just blow away 1440. This is hidden from the eye buy super tension or pressure or whatever...
Very interesting Indi indeed. So do u mean that Indi tells where the point goes to, but its Timeframe doesnt apply there? Still crazy awesome stuff
The Force is with me.. Im One With the Force..
  • #50,986
  • Jul 16, 2019 4:32am Jul 16, 2019 4:32am
Quoting Goldenshot
...do u mean that Indi tells where the point goes to, but its Timeframe doesnt apply there?
There are like more than 10 independent ways of getting the info, I share here, from the chart. All tfs do show similar data.

For day trading, the accuracy is like over 70%. Weekly and Monthly accuracy goes very close to 99%.

However, I still have problems with timing. Not there yet. Maybe never will, but I will try one more year to catch it, before leave it all to the annual trend...
Maadik Hugiis. IQ 69.
  • #50,987
  • Jul 16, 2019 6:55am Jul 16, 2019 6:55am
Quoting bigtx
{quote} Very informative post! I used to do a similar analysis for natural gas companies for a fund I used to work for. I've been interested in modelling out something like this for gold. I haven't been hugely successful though in regularly finding said reports. Any chance you could provide some direction?
Hello again,

There are multiple ways to research this topic

1. The best way would be for you to directly contact the mining companies, however to do this you usually need to do it via your buisness email/phone number if you work in an influential firm or own one. As if you do it personally they'll just brush you off. Or if you have a contact in a mining company you can also ask him to connect you to the relevant department.

2. If that is not an option, an alternative option would be to study the mining companies annual reports, then contact them as an investor and request more info. When you get the info, you can just say you're not interested in investing in their company. You got what you wanted.

Here are some reports: https://www.harmony.co.za/invest/annual-reports

As you will notice some of this reports are more and some are less informative, i don't know exactly what you're looking for, but you can check that out and maybe you find something of interest.

Hope that helps!
Through the light of enlightenment, darkness unveils the path of truth.
  • #50,988
  • Jul 16, 2019 7:49am Jul 16, 2019 7:49am
Quoting GoldManSack
Hello everyone, I am from UK and have been a silent reader for a long time. Made an account today just to ask something about risk management. Let's say I have somehow managed to double my capital. I went on to withdraw my entire initial deposit, believing this to be good risk management. However, one of my friends said this isn't risk management-this is "fear management" (first time hearing this) and that I am doing so as I lack confidence in my system. My rationale is that since we always say to protect our capital, by doing so, I have just ensured...
Hi, I'm from UK too your friend is kind of right. The capital you invest into trading is something you are willing to do and sometimes taking your deposit out bit by bit is better rather than all of because the more capital you have the more margin available but it depends on how much you trust yourself in your trades. I can understand there is fear in this but there are other ways to make sure you protect your capital and make a plan of risk management. Good luck
  • #50,989
  • Jul 16, 2019 7:57am Jul 16, 2019 7:57am
I am thinking of a rebound?
Attached Image

Similar thing did happen yesterday. However, today has the buy recline, pointing it down.
Maadik Hugiis. IQ 69.
  • #50,990
  • Jul 16, 2019 7:58am Jul 16, 2019 7:58am
Quoting GoldManSack
Hello everyone, I am from UK and have been a silent reader for a long time. Made an account today just to ask something about risk management. Let's say I have somehow managed to double my capital. I went on to withdraw my entire initial deposit, believing this to be good risk management. However, one of my friends said this isn't risk management-this is "fear management" (first time hearing this) and that I am doing so as I lack confidence in my system. My rationale is that since we always say to protect our capital, by doing so, I have just ensured...
Absolutely withdraw all profit. Treat it like other business in initial stages 99.9 traders loose all ...so be smart take the proft spend it feel it... rince and repeat. ..

Good luck
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -810
  • #50,991
  • Jul 16, 2019 8:01am Jul 16, 2019 8:01am
Quoting MoneyZilla
I am thinking of a rebound? {image} Similar thing did happen yesterday. However, today has the buy recline, pointing it down.
Based on fundamentals, XAU/USD should go down. I'm keeping my shorts active for now. Yesterday we didn't have any strong fundamental points to give direction.
Through the light of enlightenment, darkness unveils the path of truth.
  • #50,992
  • Jul 16, 2019 8:17am Jul 16, 2019 8:17am
Quoting Vorenzd
{quote} Based on fundamentals, XAU/USD should go down. I'm keeping my shorts active for now. Yesterday we didn't have any strong fundamental points to give direction.
Most are closed, left 40% on the table but have also placed a buy hedge on the table now......bought 1408.31.....

Let's see what it does if it gets back to 1410..... Thinking it may retest it as it still hasn't closed below he level on the hourly....uncle P testifying again so maybe we get more fuel
4&1 All Time Profit: $37,496
  • #50,993
  • Jul 16, 2019 8:18am Jul 16, 2019 8:18am
Quoting Vorenzd
{quote} Based on fundamentals, XAU/USD should go down. I'm keeping my shorts active for now. Yesterday we didn't have any strong fundamental points to give direction.
The tevhnos are also actually pointing lower....more so on longer time frames.....issue is the hourly close
4&1 All Time Profit: $37,496
  • #50,994
  • Jul 16, 2019 8:37am Jul 16, 2019 8:37am
very interesting situation. I am dying to see what will happen!

Is it really rebounding? See this for a first time.
Attached Image (click to enlarge)
Click to Enlarge Name: is-it-gold-really-rebounding-now?.png Size: 29 KB

38 buy tension below 12 sell tension, from the very same day? Never seen such a thing...
Maadik Hugiis. IQ 69.
  • #50,995
  • Jul 16, 2019 8:52am Jul 16, 2019 8:52am
To me this sudden upward momentum in the last hour looks like a bait for retailers of some sort before price continues downwards.

We saw the same thing happen 10th July 2019 between 18:00 and 18:30 MT4 server time,the price dropped significantly for no apparent fundamental or technical reason before gold continued in the anticipated direction that powell's testimony pointed at.

However it has a few differences compared to that one:

mainly this negative data:

Capacity Utilization Rate

77.9% 78.2% 78.1%

Industrial Production m/m

0.0% 0.1% 0.4%

and the fact we hit a small support level.

------------------------
Regardless, I still stand strong with my statement to hold my shorts as this data is nowhere near as important as Retail sales.

I've set the stop loss to draw even though to eliminate potential upside risk.
Through the light of enlightenment, darkness unveils the path of truth.
  • #50,996
  • Jul 16, 2019 8:55am Jul 16, 2019 8:55am
Keeping short till Powell speech
It's life let's live and enjoy
  • #50,997
  • Jul 16, 2019 8:56am Jul 16, 2019 8:56am
Some info from the broker

GOLD KEEPS THE RED NEAR $1410 LEVEL AHEAD OF POWELL’S SPEECH
16 July 2019, 16:27

 

  1. The USD gets a strong boost from upbeat US retail sales and prompts some aggressive selling.
  2. The downside remains limited ahead of the Fed Chair Jerome Powell’s scheduled speech.

Gold finally broke down of its consolidative trading range and tumbled to fresh session lows, below $1410 level during the early North-American session.

The already strong US Dollar picked up some additional pace following the release of upbeat US monthly retail sales data for June and turned out to be one of the key factors exerting heavy downward pressure on the dollar-denominated commodity.

This coupled with a modest uptick in the US Treasury bond yields further collaborated towards driving flows away from the non-yielding yellow metal, with a positive mood around equity markets doing little to support the precious metal's safe-haven demand.

The downside, however, remained limited, at least for the time being, as investors still seemed reluctant to place any aggressive bets ahead of the Fed Chair Jerome Powell's scheduled speech later during the US trading session.

Hence, it would be prudent to wait for a strong follow-through selling before traders start positioning for any further near-term depreciating move back towards challenging the key $1400 psychological mark.

persistence and determination alone are omnipotent
  • #50,998
  • Jul 16, 2019 8:59am Jul 16, 2019 8:59am
It's from mt4, for all brokers
It's life let's live and enjoy
  • #50,999
  • Jul 16, 2019 9:06am Jul 16, 2019 9:06am
Quoting traupro
Keeping short till Powell speech
I did not see that one coming!

In Powell we Trust (then!)...
Maadik Hugiis. IQ 69.
  • #51,000
  • Jul 16, 2019 10:26am Jul 16, 2019 10:26am
Quoting Fomy
{quote} mine is mt4
Hey Fomy... puts in your folder of mt4 idicadores.
Attached File(s)
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