XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2619 | Metals Mine

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

  • #52,361
  • Aug 29, 2019 10:00pm Aug 29, 2019 10:00pm
As things stand
H1 has flipped bearish, while H4 and D1 still bullish in the long run.
H4 bit over extended, that is, price has broken lower/ below the lower band of our buy zone.

H1 sell zone:1529.9 -1533.89
H4 Buy :1530-.55 - 1533.27
D1 Buy Zone: 1517.39 - 1495.03


H1 200 EMA has acted as support following the bearish move from the 1545/5 handle.

The daily buy zone thats creeped up higher is also telling, we have seen how buyers have always come on and acted aggresively when price has gotten to the D1 buy zone, but am thinking the gap up when market opened is the reason its crept up so quickly as such i will be looking at the lower band area of the D1 buy zone to look long.



With that said, numbers printed for today are
Upside
1550.78
1546
1542.1
1533

Downside
1521.32
1514.97
1503.4
1486.1



Happy Trading.
Last day of the week, pick levels wisely....
4&1 All Time Profit: $37,496
  • #52,362
  • Aug 29, 2019 10:01pm Aug 29, 2019 10:01pm
Quoting MzansiObi
As things stand H1 has flipped bearish, while H4 and D1 still bullish in the long run. H4 bit over extended, that is, price has broken lower/ below the lower band of our buy zone. H1 sell zone:1529.9 -1533.89 H4 Buy :1530-.55 - 1533.27 D1 Buy Zone: 1517.39 - 1495.03 H1 200 EMA has acted as support following the bearish move from the 1545/5 handle. The daily buy zone thats creeped up higher is also telling, we have seen how buyers have always come on and acted aggresively when price has gotten to the D1 buy zone, but am thinking the gap up when market...

Charts posted here.
https://www.metalsmine.com/showthrea...2#post12473522
4&1 All Time Profit: $37,496
  • #52,363
  • Aug 29, 2019 10:05pm Aug 29, 2019 10:05pm
Quoting notyetthere
I got a stopsell at 1523.40
and not anymore now ... looking for a long entry when and if it shows up
MTF PA with indicators = a winning team
  • #52,364
  • Aug 29, 2019 10:15pm Aug 29, 2019 10:15pm
long 1525.65
MTF PA with indicators = a winning team
  • #52,365
  • Aug 29, 2019 10:31pm Aug 29, 2019 10:31pm
Quoting notyetthere
long 1525.65
You flip your positions abruptly, which time frame are you trading bud?
4&1 All Time Profit: $37,496
  • #52,366
  • Aug 29, 2019 10:32pm Aug 29, 2019 10:32pm
15M and 20M but I try to keep an eye on hourly too.
MTF PA with indicators = a winning team
  • #52,367
  • Aug 29, 2019 10:32pm Aug 29, 2019 10:32pm
Quoting notyetthere
15M and 20M but I try to keep an eye on hourly too.
and Stops?
4&1 All Time Profit: $37,496
  • #52,368
  • Aug 30, 2019 1:46am Aug 30, 2019 1:46am
took profit at 1529.40
MTF PA with indicators = a winning team
  • #52,369
  • Aug 30, 2019 1:46am Aug 30, 2019 1:46am
Quoting MzansiObi
{quote} and Stops?
I have a disaster stop of 4 USD but normally don't need them
MTF PA with indicators = a winning team
  • #52,370
  • Aug 30, 2019 1:52am Aug 30, 2019 1:52am
Quoting notyetthere
{quote} I have a disaster stop of 4 USD but normally don't need them
Alright my ninja.....
4&1 All Time Profit: $37,496
  • #52,371
  • Aug 30, 2019 3:41am Aug 30, 2019 3:41am
Quoting MzansiObi
As things stand H1 has flipped bearish, while H4 and D1 still bullish in the long run. H4 bit over extended, that is, price has broken lower/ below the lower band of our buy zone. H1 sell zone:1529.9 -1533.89 H4 Buy :1530-.55 - 1533.27 D1 Buy Zone: 1517.39 - 1495.03 H1 200 EMA has acted as support following the bearish move from the 1545/5 handle. The daily buy zone thats creeped up higher is also telling, we have seen how buyers have always come on and acted aggresively when price has gotten to the D1 buy zone, but am thinking the gap up when market...
Just an update......
Price been ranging between the first upside and downside levels.....been playing ping pong between them till either level breaks. Fancy a move lower considering bearish intent during London session ....as such will look to sell rallies
4&1 All Time Profit: $37,496
  • #52,372
  • Aug 30, 2019 4:04am Aug 30, 2019 4:04am
Quoting pundit78
Gold long @ 1527.45 with small lot. {image}
When you are in sync with the higher TF, success rate probability becomes high, closed all longs in profit.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 26 KB
  • #52,373
  • Edited 7:18am Aug 30, 2019 4:23am | Edited 7:18am
Quoting pundit78
{quote} When you are in sync with the higher TF, success rate probability becomes high, closed all longs in profit. {image}
Path of least resistance and path of smart money ...but pick your entries well. Imagine if you bought 1544.....smh
4&1 All Time Profit: $37,496
  • #52,374
  • Aug 30, 2019 4:31am Aug 30, 2019 4:31am
possible long setup if we break 15M ib to the upside
MTF PA with indicators = a winning team
  • #52,375
  • Aug 30, 2019 7:00am Aug 30, 2019 7:00am
shorted 1524.09
MTF PA with indicators = a winning team
  • #52,376
  • Aug 30, 2019 7:24am Aug 30, 2019 7:24am
stupid mistake reversed to long at 1526.3
MTF PA with indicators = a winning team
  • #52,377
  • Aug 30, 2019 7:34am Aug 30, 2019 7:34am
Quoting notyetthere
stupid mistake reversed to long at 1526.3
watch out, head and shoulders forming 15M
  • #52,378
  • Aug 30, 2019 7:44am Aug 30, 2019 7:44am
Quoting chasinpips
{quote} watch out, head and shoulders forming 15M
yes, I am aware this is up to take us down ... watching this like a hawk ;-)
MTF PA with indicators = a winning team
  • #52,379
  • Aug 30, 2019 8:19am Aug 30, 2019 8:19am
flat at 1528.2
MTF PA with indicators = a winning team
  • #52,380
  • Aug 30, 2019 10:04am Aug 30, 2019 10:04am
short 1528.25
MTF PA with indicators = a winning team
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