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

  • #52,461
  • Sep 3, 2019 8:53am Sep 3, 2019 8:53am
Quoting Marcieny
{quote} it must be the translator sometimes the words are different .... but silver seems to be rising and taking gold with it.
Good
hahahhahahha
  • #52,462
  • Sep 3, 2019 8:59am Sep 3, 2019 8:59am
Quoting Marcieny
I should have kept my purchase 1275 to this day ... And you all were supposed to have bought there when I said kkkk jesus christ
Lol dont reason on hindsight......at that stage when you closed out there was a "reason why you closer out"......


Watching PA now. Around levels.
Got some stops taken out.....been a bit of mixed day...
Made some with BTCUSD and Brent.....Gold has slapped me today ... following London's buying, price never gave me a chance to buy dips....
4&1 All Time Profit: $37,496
  • #52,463
  • Sep 3, 2019 9:03am Sep 3, 2019 9:03am
Quoting MzansiObi
{quote} Lol dont reason on hindsight......at that stage when you closed out there was a "reason why you closer out"...... Watching PA now. Around levels. Got some stops taken out.....been a bit of mixed day... Made some with BTCUSD and Brent.....Gold has slapped me today ... following London's buying, price never gave me a chance to buy dips....
I bought it earlier ... I'm holding it to see if resistance breaks.
  • #52,464
  • Sep 3, 2019 9:04am Sep 3, 2019 9:04am
Quoting tush1822
{quote} Looks like the breakout from the consolidation rectangle (1495-1523) is confirmed, I will try to place long around 1526. However looking at the overall political & economical situation, it may not even retrace.
I had a pending order at 1526 this morning, just missed by 0.2, otherwise it would have been bounty day!! Nevertheless, there will be another day!!
  • #52,465
  • Sep 3, 2019 9:08am Sep 3, 2019 9:08am
Quoting Marcieny
{quote} I bought it earlier ... I'm holding it to see if resistance breaks.

Nice!!!!!!

You musnt watch it come back down again...
Will reflect on PA near days close.

Am adding
1544/5
1554.37 to the topside......

It picked away at levels one at a time
4&1 All Time Profit: $37,496
  • #52,466
  • Sep 3, 2019 9:19am Sep 3, 2019 9:19am
Big Thank you to all the gold bears for providing us generous amounts of liquidity.
  • #52,467
  • Sep 3, 2019 9:22am Sep 3, 2019 9:22am
nothing big lot here ... I already made my goal earlier in another pair... and left a little to risk ... on the training account.
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  • #52,468
  • Sep 3, 2019 11:22am Sep 3, 2019 11:22am
Quoting tush1822
{quote} I had a pending order at 1526 this morning, just missed by 0.2, otherwise it would have been bounty day!! Nevertheless, there will be another day!!
Yes bro. That's true. There will always be another day and setup.

Your ideal entry is more or less in line with where I wanted to get in long on Dips.

We will find entries again.....
4&1 All Time Profit: $37,496
  • #52,469
  • Sep 3, 2019 12:28pm Sep 3, 2019 12:28pm
Had two consecutive losses in the morning but recovered both losses later, day is in green.
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  • #52,470
  • Sep 3, 2019 1:13pm Sep 3, 2019 1:13pm
I'm thinking any long entries is just chasing a possibly over-extended rally. There might be some upside left but it's pretty late in the day at this point.

Volume seemed to be really heavy today on the rally. That's a pretty good sign that there's some flows into safety as a hedge against all this uncertainty. I'd just be careful not to be long if there's a US-China trade deal announced. Who knows if or when that will be.

Check out today's volume compared to recent days.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52,471
  • Sep 3, 2019 1:18pm Sep 3, 2019 1:18pm
Quoting auricforecas
{quote} Particularly interesting.. 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...
Some update on the XAU/USD vs XAU/EUR... aka.. the additional edge at gold trading..

  1. 22JUN-03SEP (+10,07%) https://www.tradingview.com/symbols/XAUUSD/
  2. 22JUN-03SEP (+14,10%) https://www.tradingview.com/symbols/XAUEUR/

So what I am saying is either (assuming EUR/USD downtrend.. that I have been repeating since 22JUN...)... it would be not only better to (longterm) trade XAU/EUR... vs XAU/USD (assuming similar trading conditions at broker...)... but count-in the eur/usd (decline) on daily XAU trades... Any additional edge is welcome, right? Specially with leverage...

Can you afford to take that chance?
  • #52,472
  • Sep 3, 2019 3:20pm Sep 3, 2019 3:20pm
Quoting EventsTrader
I'm thinking any long entries is just chasing a possibly over-extended rally. There might be some upside left but it's pretty late in the day at this point. Volume seemed to be really heavy today on the rally. That's a pretty good sign that there's some flows into safety as a hedge against all this uncertainty. I'd just be careful not to be long if there's a US-China trade deal announced. Who knows if or when that will be. Check out today's volume compared to recent days. {image}
ET I agree with you ..we are in an uptrend and yes bulls are having their way, but one needs to be strategic as to where we go long...daily mean I'd still way below and so is the H4 it seems we may just see a tag of 1535/30 again.
But we let the chart speak for itself.....
See you guys in a couple......
4&1 All Time Profit: $37,496
  • #52,473
  • Sep 3, 2019 5:11pm Sep 3, 2019 5:11pm
Quoting MzansiObi
{quote} ET I agree with you ..we are in an uptrend and yes bulls are having their way, but one needs to be strategic as to where we go long...daily mean I'd still way below and so is the H4 it seems we may just see a tag of 1535/30 again. But we let the chart speak for itself..... See you guys in a couple......
Waiting
  • #52,474
  • Sep 3, 2019 5:39pm Sep 3, 2019 5:39pm
Quoting EventsTrader
I'm thinking any long entries is just chasing a possibly over-extended rally. There might be some upside left but it's pretty late in the day at this point. Volume seemed to be really heavy today on the rally. That's a pretty good sign that there's some flows into safety as a hedge against all this uncertainty. I'd just be careful not to be long if there's a US-China trade deal announced. Who knows if or when that will be. Check out today's volume compared to recent days. {image}
I think you're probably correct. The reaction today is warranted if ISM is really reflective of the economy. Its manufacturing though, and manufacturing doesn't represent that large of portion of the economy. For that reason I'm taking today's contraction reading with a grain of salt. Services on Thursday will be more interesting to see.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #52,475
  • Sep 3, 2019 5:48pm Sep 3, 2019 5:48pm
Quoting Ef5
{quote} I think you're probably correct. The reaction today is warranted if ISM is really reflective of the economy. Its manufacturing though, and manufacturing doesn't represent that large of portion of the economy. For that reason I'm taking today's contraction reading with a grain of salt. Services on Thursday will be more interesting to see.
The reason I don't think it moved markets as much as it did was the market had somewhat been pricing it in via other manufacturing data.

This Flash Manufacturing PMI release signaled weakness in the manufacturing sector. Richmond Fed Manufacturing Index, Chicago PMI, Philly Fed Manufacturing Index, and Empire State Manufacturing are all released during the current month, while ISM is released after the month ends. They've all been trending lower. I posted some graphs here: https://www.metalsmine.com/showthrea...9#post12481309
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52,476
  • Sep 3, 2019 5:52pm Sep 3, 2019 5:52pm
Jumped on the bus yesterday at 1523.5
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From tiny pips mighty oaks grow
  • #52,477
  • Sep 3, 2019 5:55pm Sep 3, 2019 5:55pm
Quoting EventsTrader
{quote} The reason I don't think it moved markets as much as it did was the market had somewhat been pricing it in via other manufacturing data. This Flash Manufacturing PMI release signaled weakness in the manufacturing sector. Richmond Fed Manufacturing Index, Chicago PMI, Philly Fed Manufacturing Index, and Empire State Manufacturing are all released during the current month, while ISM is released after the month ends. They've all been trending lower. I posted some...
Interesting to see Flash Manufacturing PMI foreshadowed this. Chicago PMI is the one I always watch as a leading indicator of ISM. It had a m/m increase and beat expectations so I would have expected ISM to improve in August too. Typically its reliable, but not this month.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #52,478
  • Sep 4, 2019 12:57am Sep 4, 2019 12:57am
Quoting Unitedgold
{quote} Waiting
Rather late then never.....hehehehe


So Yesterday had a couple of positions getting stopped out.
The shorts to be specific. As always, we dont just analyse for a winning trade, we also analyse the looser too to see where and why it went agaisnt us.

Couple of basic things stand out.
H1 was flat. H2 was flat and the only chart with a clear signal was the Daily. And it said buy,this we had already identified over the weekend and on Monday.
Why were we shorting? We were shorting the Range. and it worked well up until it broke....I got stopped out for a loss mainly due to the fact that when presented with the opportunity to trail the shorts, i didnt. Had i taken partial profits and trailed trades would have been stopped out at break even. price kept getting rejected soo much, at he range ceiling, i relaxed....other than that, the guys that held onto the buys from or near the D1 area that we mentioned enjoyed the rally up, i know Boo15 did...welldone mate.


Back to Levels
H1 is in Buy Mode again: Zone: 1538.2 - 1542.71
H4 Buy Mode again: Zone: 1531.6 - 1535.64
D1 Remains in Buy Zone: 1502.9 - 1524.9



Intra Day Levels

Upside
1564.5
1559.8
1555.7
1545


Downside
1538.78
1534.09
1529.43
1525.8



Trade Safe and stay profitable...
4&1 All Time Profit: $37,496
  • #52,479
  • Sep 4, 2019 12:57am Sep 4, 2019 12:57am
Quoting MzansiObi
{quote} Rather late then never.....hehehehe So Yesterday had a couple of positions getting stopped out. The shorts to be specific. As always, we dont just analyse for a winning trade, we also analyse the looser too to see where and why it went agaisnt us. Couple of basic things stand out. H1 was flat. H2 was flat and the only chart with a clear signal was the Daily. And it said buy,this we had already identified over the weekend and on Monday. Why were we shorting? We were shorting the Range. and it worked well up until it broke....I got stopped...
Posted charts on the other side...
4&1 All Time Profit: $37,496
  • #52,480
  • Edited 7:24am Sep 4, 2019 5:20am | Edited 7:24am
pulback today in gold...
I will be attentive between the levels 1526 and 1528
If dxy quotation allows.
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