4&1 All Time Profit:
$37,496
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #51,841
- Aug 9, 2019 4:22am Aug 9, 2019 4:22am
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
- #51,842
- Aug 9, 2019 4:40am Aug 9, 2019 4:40am
- Joined Jan 2019 | Status: "Ideas stimulate the mind" | 4,203 Posts
- #51,843
- Aug 9, 2019 7:26am Aug 9, 2019 7:26am
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
4&1 All Time Profit:
$37,496
- #51,844
- Aug 9, 2019 9:44am Aug 9, 2019 9:44am
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
4&1 All Time Profit:
$37,496
- #51,845
- Aug 9, 2019 4:46pm Aug 9, 2019 4:46pm
- Joined Dec 2008 | Status: Trader | 2,931 Posts
persistence and determination alone are omnipotent
- #51,846
- Aug 9, 2019 5:15pm Aug 9, 2019 5:15pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
{quote} Ok I think EURUSD is showing its (downtrend) trajectory.. for the next... hehe... wont repeat... THEREFORe.. I think I am interested in betting XAU against the EUR... just to exploit some EUR weakness or USD strength.. in the process... as a side bonus.... while of course betting against both
22JUN-9AUG (+6,93%) https://www.tradingview.com/symbols/XAUUSD/
22JUN-9AUG (+8,15%) https://www.tradingview.com/symbols/XAUEUR/
gap increased, if I calculated correctly... and imagine x leverage and over number of trades... power of EXP function..
Ok so here is the deal.. I plan to see what will happen next week.. I believe the next week will be rather representative (trend/trajctory-wise) of where things might o for the next weeks/months.. Should this XAU/EUR thesis be proven correct.. I will open dedicated TE for it... and post it here, as promised... So let's see what happens next week.. You know my stance... stronger usd (to EUR) hence.. better to buy xau/eur, maybe, will confirm/reject soon
Can you afford to take that chance?
- #51,847
- Aug 10, 2019 3:17am Aug 10, 2019 3:17am
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
4&1 All Time Profit:
$37,496
- #51,848
- Aug 10, 2019 3:24am Aug 10, 2019 3:24am
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
4&1 All Time Profit:
$37,496
- #51,849
- Aug 10, 2019 3:48am Aug 10, 2019 3:48am
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
{quote} Impressive TE Auri.....I've been tentatively watching and waiting for the EurGold TE and trial,as,per previous discussion.....Volatility index on it alone supports your logic.....lets quantify it.....
Will just wait/test next week and than we shall see... I would love to be in a BUY XAU/EUR mode, TBC!.. with maybe even a good leverage.. My prime speciality is eurusd so if I can make some good strategy with that in mind... trading gold... with the eurusd component in mind.. so trading gold as it is.. but trading eurusd within, if you know what I mean... - https://www.tradingview.com/symbols/XAUEUR/
- https://www.tradingview.com/symbols/XAUUSD/
- https://www.tradingview.com/symbols/EURUSD/
Can you afford to take that chance?
- #51,850
- Aug 10, 2019 3:52am Aug 10, 2019 3:52am
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
{quote} Tnx man, my Live TE stat is somewhat distorted (just) now ... I made some transfers between accounts yesterday and then it got distorted... it divides profit to deposits (+ or incioming transfers only), not counting that I just transferred (borrowed) the money from one (live) account to another (and gave back within an hour).. Resolving the issue now... my Live TE is 171,5% for this year... The two others are DEMO (examples).... But am planing now for at least 2 more, LIVE.. EuroGold TE being the first in my mind
Have always looked at the relationship between the two to make trade decisions on the other.....mainly looking at what gold is doing then look to enter some EU trades.....
4&1 All Time Profit:
$37,496
- #51,853
- Aug 11, 2019 3:39am Aug 11, 2019 3:39am
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
4&1 All Time Profit:
$37,496
- #51,854
- Aug 11, 2019 3:55am Aug 11, 2019 3:55am
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
4&1 All Time Profit:
$37,496
{quote} Looking left......Quarterly high thinking 1540 but if that goes we may see 1567.55 there isn't much real estate other than those levels....but it's all speculative at this point...market may print out new res levels from intra day moves and some pivot point calculations etc..I'm still patient with the bears truth be told....
Like I tried couple of shorts and got little profit due to position size, a bit feeling of being scared taking good position size
P.S. Trade with the discipline of Money Management and Risk Management.
- #51,857
- Aug 11, 2019 5:54am Aug 11, 2019 5:54am
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
{quote} Patience is converting into a bit scary taking short
4&1 All Time Profit:
$37,496
- #51,858
- Aug 11, 2019 2:44pm Aug 11, 2019 2:44pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
{quote} Tnx man, my Live TE stat is somewhat distorted (just) now ... I made some transfers between accounts yesterday and then it got distorted... it divides profit to deposits (+ or incioming transfers only), not counting that I just transferred (borrowed) the money from one (live) account to another (and gave back within an hour).. Resolving the issue now... my Live TE is 171,5% for this year... The two others are DEMO (examples).... But am planing now for at least 2 more, LIVE.. EuroGold TE being the first in my mind
Very interested of the possible trend of the eurusd and gold... and specially gold/eur... If all goes well... I will than open XAU/EUR... TE... at least DEMO for some weeks, but later LIVE... Hope the trend(s) continue/s...I believe the next week will be a good sample for the near future... at this moves/changes.. might not need that much leverage, if any... I am thinking about 5-10:1...
Can you afford to take that chance?
- #51,859
- Aug 11, 2019 3:07pm Aug 11, 2019 3:07pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Here's my take on the XAUUSD, from the technical perspective of a swing trader.
A topping formation is developing on the H4 time frame. This portends a bearish correction. But a minor rising trendline (blue) is still acting as support. The next significant horizontal support is located at the 1469 area, while the 1510 area is horizontal resistance.
I may be wrong. Trade safe and prosper.
KP
A topping formation is developing on the H4 time frame. This portends a bearish correction. But a minor rising trendline (blue) is still acting as support. The next significant horizontal support is located at the 1469 area, while the 1510 area is horizontal resistance.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #51,860
- Aug 11, 2019 6:27pm Aug 11, 2019 6:27pm
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
4&1 All Time Profit:
$37,496