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

  • #52,761
  • Sep 18, 2019 11:34am Sep 18, 2019 11:34am
Gold:

Update EW count/outlook.

After finishing Wave "X", the Wave "Y" (red - not shown) will got to approx. 1700 $

Sixer
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  • #52,762
  • Sep 18, 2019 1:29pm Sep 18, 2019 1:29pm
Watching for some lows to initiate a long position. I am thinking a buy limit around 1495. SL around 1486. But, sitting a waiting at the moment. Want to see this FOMC shake out. Thoughts?
If in doubt, paddle out!
  • #52,763
  • Sep 18, 2019 1:31pm Sep 18, 2019 1:31pm
Quoting SurfsUp
Watching for some lows to initiate a long position. I am thinking a buy limit around 1495. SL around 1486. Thoughts?
All depends on speech right now..
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,764
  • Sep 18, 2019 1:54pm Sep 18, 2019 1:54pm
uhulll
bought the falls gold...
  • #52,765
  • Sep 18, 2019 1:56pm Sep 18, 2019 1:56pm
Quoting tush1822
{quote} These are the key levels to look at . I am still looking for the gap to close at M15 precision (1489.17) after that upon reversal signs I will start trading long. {image}
The gap is closed at M15 precision, now it has cleared the path upwards. Just traded 1 lot at very high margin. buy limit from 1586 to 1588. I am done for the week. Now I will look for the perfect reversal signs at the support area.
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  • #52,766
  • Sep 18, 2019 2:01pm Sep 18, 2019 2:01pm
Had a good day!
Sold @1507 banked @1490
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,767
  • Sep 18, 2019 2:42pm Sep 18, 2019 2:42pm
Alright my closing my shop as well ...
finished green as usual...
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Extreme gut feeling trader
  • #52,768
  • Sep 18, 2019 3:25pm Sep 18, 2019 3:25pm
Quoting montygoldy
Alright my closing my shop as well ... finished green as usual... {image}
good luck
  • #52,769
  • Sep 18, 2019 3:34pm Sep 18, 2019 3:34pm
Couldn’t resist took a quick short on pound...
after nearly 13 tradings days 2k-10k achieved bit slow...
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Extreme gut feeling trader
  • #52,770
  • Edited 4:24pm Sep 18, 2019 4:01pm | Edited 4:24pm
Quoting montygoldy
Couldn’t resist took a quick short on pound... after nearly 13 tradings days 2k-10k achieved bit slow... {image}
Mate , I am happy with your trading success, however the team on this forum will appreciate if you post your analysis and how you are making your trading decisions. Profit and loss is part of the game, how you making sure you are right most of times is a skill.
  • #52,771
  • Sep 18, 2019 5:34pm Sep 18, 2019 5:34pm
Gold: 1477 Target perhaps, but on track ito strategy
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We err, and err, and err again, but less.
  • #52,772
  • Sep 18, 2019 6:39pm Sep 18, 2019 6:39pm
Quoting tush1822
{quote} If rate cuts, is it worth placing a limit buy order?, any recommendations?
Sorry I didn't see this prior but I would always answer not to do that because of slippage and other risk associated. I hope you fared well which it looks like you did!
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52,773
  • Sep 18, 2019 9:31pm Sep 18, 2019 9:31pm
19/09/19
Morning Traders.

Some Good Moves on the cross yesterday. Our Zones clearly getting defined now.
The daily hasnt flipped bearish for now, with the 15EMA crossing the 30 EMA on the Daily Time Frame , but its headed there
Further strength to bears if bears manage to break key support at 1486 and stay below it on the hourly and 4 hourly closing basis atleast

The H1 and H4 chart show what is currently in play, the yellow is the scenario we identified earlier this week and traded on and that needs to hold for bulls to continue their bullishness, a break and close below that head area(Support) will expose and invalidate that setup, another pattern has formed (Green markings) show the new pattern that has formed.... will leave these on the charts for reference point

H1 Bearish: Sell Zone:1496.95 - 1498.49
H4 Bearish: Sell Zone:1499.36 - 1500.45
D1:Bullish to Neutral

Intra day levels
Upside
1513.9
1507.11
1503.95
1499.58
1495.88


Downside
1485.99
1478.23
1467.38
1452.1



Given the most current setup and momentum, will look to sell rallies in the H1 and H4 setups near key areas
Trade safe
Attached Images (click to enlarge)
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4&1 All Time Profit: $37,496
  • #52,774
  • Sep 19, 2019 12:09am Sep 19, 2019 12:09am
Quoting MzansiObi
19/09/19 Morning Traders. Some Good Moves on the cross yesterday. Our Zones clearly getting defined now. The daily hasnt flipped bearish for now, with the 15EMA crossing the 30 EMA on the Daily Time Frame , but its headed there Further strength to bears if bears manage to break key support at 1486 and stay below it on the hourly and 4 hourly closing basis atleast The H1 and H4 chart show what is currently in play, the yellow is the scenario we identified earlier this week and traded on and that needs to hold for bulls to continue their bullishness,...
1495 showed resistance yesterday during and after fed
H1 SMA50 & SMA200 are @1499-1500

Mentioned areas are worth selling, close above 1500 will open next target 1510
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,775
  • Sep 19, 2019 12:50am Sep 19, 2019 12:50am
Inserted Video
  • #52,776
  • Sep 19, 2019 1:29am Sep 19, 2019 1:29am
Quoting farukh
{quote} 1495 showed resistance yesterday during and after fed H1 SMA50 & SMA200 are @1499-1500 Mentioned areas are worth selling, close above 1500 will open next target 1510
Taking first short here


SL 1503

TP Open
4&1 All Time Profit: $37,496
  • #52,777
  • Sep 19, 2019 4:02am Sep 19, 2019 4:02am
Quoting EventsTrader
{quote} Sorry I didn't see this prior but I would always answer not to do that because of slippage and other risk associated. I hope you fared well which it looks like you did!
Thats ok, the PA was packed in four H4 levels, after FOMC, I managed to get limit orders filled at 1486. Any interesting thoughts about ongoing drama..? I will love to hear.. Cheers. Happy trading.
  • #52,778
  • Sep 19, 2019 4:13am Sep 19, 2019 4:13am
Quoting tush1822
{quote} Thats ok, the PA was packed in four H4 levels, after FOMC, I managed to get limit orders filled at 1486. Any interesting thoughts about ongoing drama..? I will love to hear.. Cheers. Happy trading.
I guess, on going drama is to clear buffer on both sides. Breakout in any direction will define further direction, either reversal to north or continue south..
Let's see who will be lucky enough among sellers and buyers

I am keeping short @1496 targeting 1490 at least
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,779
  • Edited 7:03am Sep 19, 2019 6:46am | Edited 7:03am
Long 1500 tp: 1504++ sl: 1498

tp: hit
Extreme gut feeling trader
  • #52,780
  • Sep 19, 2019 7:09am Sep 19, 2019 7:09am
SL hit @1503
P.S. Trade with the discipline of Money Management and Risk Management.
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