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

  • #52,781
  • Sep 19, 2019 7:18am Sep 19, 2019 7:18am
Quoting farukh
SL hit @1503
Prior Shorts got stopped out at BE after taking some scraps(partial profits),

Got another one filled now at 1503, SL above weeks swing high.

Lets see what it does
4&1 All Time Profit: $37,496
  • #52,782
  • Sep 19, 2019 7:38am Sep 19, 2019 7:38am
Quoting MzansiObi
{quote} Prior Shorts got stopped out at BE after taking some scraps(partial profits), Got another one filled now at 1503, SL above weeks swing high. Lets see what it does
Closing 50% Stops at BE again. Lets see
4&1 All Time Profit: $37,496
  • #52,783
  • Sep 19, 2019 8:18am Sep 19, 2019 8:18am
Quoting MzansiObi
SL above weeks swing high. Lets see what it does
What are you looking at here? Around 1508 perhaps?
If in doubt, paddle out!
  • #52,784
  • Sep 19, 2019 9:36am Sep 19, 2019 9:36am
Quoting SurfsUp
{quote} What are you looking at here? Around 1508 perhaps?
If Yesterdays High gets taken out then we exposed to the 1514 handle followed by the 1524, so above that high i will cut my losses on shorts and re evaluate things again....
4&1 All Time Profit: $37,496
  • #52,785
  • Sep 19, 2019 11:10am Sep 19, 2019 11:10am
i am going long just looking for better entry around 1498.. tp will be 1501-2.. sl: open
Extreme gut feeling trader
  • #52,786
  • Sep 19, 2019 11:16am Sep 19, 2019 11:16am
Gold Outlook:

Update of post #53763.

Sixer
Attached Image
  • #52,787
  • Sep 19, 2019 11:17am Sep 19, 2019 11:17am
1496 showing good support, it's fib38.2 from 1400.
I am looking if h1 closes above sma200 @1499, is anybody looking buy there?
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,788
  • Sep 19, 2019 12:10pm Sep 19, 2019 12:10pm
Quoting farukh
1496 showing good support, it's fib38.2 from 1400. I am looking if h1 closes above sma200 @1499, is anybody looking buy there?
I decided to stick with sell. Sold at 1499.80. I feel like I need to move my stop (currently 1503.75) a little tighter though in case you guys are right and we start testing 1514 and other levels. We'll see.
If in doubt, paddle out!
  • #52,789
  • Sep 19, 2019 1:23pm Sep 19, 2019 1:23pm
Quoting SurfsUp
{quote} I decided to stick with sell. Sold at 1499.80. I feel like I need to move my stop (currently 1503.75) a little tighter though in case you guys are right and we start testing 1514 and other levels. We'll see.
Just zoomed out to see what larger time frames and bigger picture are showing, these take some time but i suppose its always good to get a guage of the bigger picture....
Attached Image (click to enlarge)
Click to Enlarge Name: H4 bigger Pictue 190919 (2).png Size: 78 KB
4&1 All Time Profit: $37,496
  • #52,790
  • Sep 19, 2019 3:56pm Sep 19, 2019 3:56pm
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.
Good to hear. It was nuts after FOMC. About the ongoing drama, all I know is that I won't be holding oil (probably anything) over the weekend.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #52,791
  • Sep 19, 2019 6:48pm Sep 19, 2019 6:48pm
looks like we'll have a green day .. take care tomorrow is friday...

S&P at historic top
  • #52,792
  • Sep 19, 2019 10:08pm Sep 19, 2019 10:08pm
20/09/19

Morning Traders

H1:Neutral
H4:Neutral
D1:Neutral

These neutral zones are simply due to this range that price is stuck in. Range floor at 1485 and current range high at 1512/10


As such will look at the intra day levels for clarity coupled with Londons actions for a bias for todays session.

Upside
1521.36
1511.89
1506.98
1505
1503.33

Downside
1499.16
1497.23
1490.975
1487.79
1481.86
1474.77

Just looked at price as i type this and its already at the first upside level


Trade Safe
4&1 All Time Profit: $37,496
  • #52,793
  • Sep 20, 2019 12:12am Sep 20, 2019 12:12am
Quoting farukh
SL hit @1503
I will refrain from placing short at least for rest of the year. I don't think PA will now come.back below 1500 at least rest of the year . I guess all hedge funds , banks at.least have increased the fixed income and Gold component moderately.
  • #52,794
  • Sep 20, 2019 12:18am Sep 20, 2019 12:18am
Daily buying area responding well since yesterday.
For sellers, 1505-1515 is key area.
On h1 sma300 @1508 & sma400 @1514
On h4 sma200 @1511

These moving averages complimenting reversal area on h4 & daily TFs.
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,795
  • Sep 20, 2019 12:19am Sep 20, 2019 12:19am
Quoting Marcieny
looks like we'll have a green day .. take care tomorrow is friday... S&P at historic top
Well, hopefully not quite yet. lol

It's really funny how history repeats itself. I've studied intermarket relationships for a long time and I've always thought it was peculiar both bonds and equities have rallied at the end of the business cycle. They're opposing trades, one is a bet on growth and the other is a bet on risk so they shouldn't move together. Here we are again though, bonds and equities have had a great year. Its amazing how this keeps happening, but its a golden opportunity for people like me.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #52,796
  • Sep 20, 2019 12:26am Sep 20, 2019 12:26am
Quoting tush1822
{quote} I will refrain from placing short at least for rest of the year. I don't think PA will now come.back below 1500 at least rest of the year . I guess all hedge funds , banks at.least have increased the fixed income and Gold component moderately.
Breakout 1520 will definitely endorse you and breaking 1535 will open gate towards 1587
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,797
  • Sep 20, 2019 6:18am Sep 20, 2019 6:18am
I am long today...
Extreme gut feeling trader
  • #52,798
  • Sep 20, 2019 6:22am Sep 20, 2019 6:22am
Quoting Ef5
{quote} Well, hopefully not quite yet. lol It's really funny how history repeats itself. I've studied intermarket relationships for a long time and I've always thought it was peculiar both bonds and equities have rallied at the end of the business cycle. They're opposing trades, one is a bet on growth and the other is a bet on risk so they shouldn't move together. Here we are again though, bonds and equities have had a great year. Its amazing how this keeps happening, but its a golden opportunity for people like me.

it's true ... i'm ready to buy or sell gold ... but if this top S&P fails maybe I will trade there for the first time .... a stronger dollar can cause a world crisis too ...
  • #52,799
  • Sep 20, 2019 8:39am Sep 20, 2019 8:39am
Quoting farukh
Daily buying area responding well since yesterday. For sellers, 1505-1515 is key area. On h1 sma300 @1508 & sma400 @1514 On h4 sma200 @1511 These moving averages complimenting reversal area on h4 & daily TFs.
Closed my short @1500
P.S. Trade with the discipline of Money Management and Risk Management.
  • #52,800
  • Sep 20, 2019 9:45am Sep 20, 2019 9:45am
Gold:

EWI is in the same boot with a similar count.

Sixer
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