XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2651 | Metals Mine

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

  • #53,001
  • Sep 29, 2019 11:42am Sep 29, 2019 11:42am
Quoting Ayax.TSS
#GOLD / H4 / Two Ideas {image}{image}
Good bro,
no matter what right or wrong, but the way you handle it
  • #53,002
  • Sep 29, 2019 3:28pm Sep 29, 2019 3:28pm
If you are tracking XAUUSD this week, consider this technical perspective.

Since the XAUUSD market entered the multi-year horizontal resistance around 1524.83/1555.10 seven weeks ago, price action has been rather sideways. But there is money to be made in both direction as the last few weeks have shown. On the H4 time frame, recent price action has turned southwards within the ‘consolidation channel’ (bound by magenta horizontal lines) seen on the weekly time frame but bears are not totally in control as the market gets closer to the lower boundary of the channel. Price action has rejected the lower boundary of the channel a couple of times and we may see a northward move, perhaps to the 1515.20 area, before bears become more influential. Technically, we are likely to see a southward drive after this pullback.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #53,003
  • Sep 29, 2019 5:34pm Sep 29, 2019 5:34pm
long 1497.92
MTF PA with indicators = a winning team
  • #53,004
  • Sep 29, 2019 6:20pm Sep 29, 2019 6:20pm
There's some risk in tonight's manufacturing data out of China. There's a scenario in which we could see some rallying in gold tonight. It's not the most likely scenario but it could happen. I detailed it all in the preview: China PMI data - September Preview

Outside of the data, we might be a little oversold at these levels. Here's a 60M chart of Gold (GC) since the open of last week.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #53,005
  • Sep 29, 2019 7:21pm Sep 29, 2019 7:21pm
https://youtu.be/jg9VWO6JQiY
I think the gold go down.
  • #53,006
  • Sep 29, 2019 8:11pm Sep 29, 2019 8:11pm
Quoting MzansiObi
29/09/29 Hope we all had a good weekend and a great break.... The week that was saw a break down from the right shoulder level we mentioned earlier in the week, price trickled up on our weekly levels and eventually came back down towards key support on the daily chart at the 1485 handle, this handle also symbolic of the shoulder level of the current H4 structure....a break below will have me looking for PA making that correction towards the 1440ish handle that would also correlate with the Elliot-wave count for wave 4...... Failing which the right...
Been shorting this from the H1 sell zone since the open...will keep shorting it and trailing till we get a clear break and close above the M15 200 EMA......simple wash rinse and repeat......take care....
4&1 All Time Profit: $37,496
  • #53,007
  • Sep 29, 2019 8:13pm Sep 29, 2019 8:13pm
Quoting notyetthere
long 1497.92
got out -3.25 USD a mistake trading too early on monday, should have been short but I was too stubborn.
MTF PA with indicators = a winning team
  • #53,008
  • Sep 29, 2019 8:22pm Sep 29, 2019 8:22pm
Quoting notyetthere
{quote} got out -3.25 USD a mistake trading too early on monday, should have been short but I was too stubborn.
Follow the price mate......simple enough.....no longs for me before we see what it does near D1 support at that 1485 handle.....take care
4&1 All Time Profit: $37,496
  • #53,009
  • Sep 29, 2019 9:01pm Sep 29, 2019 9:01pm
im gonna long from 1486 to 1490, waiting price to retest
  • #53,010
  • Sep 29, 2019 9:03pm Sep 29, 2019 9:03pm
Quoting MzansiObi
{quote} Follow the price mate......simple enough.....no longs for me before we see what it does near D1 support at that 1485 handle.....take care
yeah, this was a stupid rookie mistake ... normally I almost always trade with the trend unless I see a very clear countersigna (this wasn't one of those clearly)
MTF PA with indicators = a winning team
  • #53,011
  • Sep 29, 2019 9:47pm Sep 29, 2019 9:47pm
looks like a potential long here building but need to wait till the end of the hour ...
MTF PA with indicators = a winning team
  • #53,012
  • Sep 29, 2019 10:55pm Sep 29, 2019 10:55pm
went long small trades at 1492, sl 1485 tp open.
Hope London treat me well today
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  • #53,013
  • Sep 30, 2019 12:00am Sep 30, 2019 12:00am
long 1493.78
MTF PA with indicators = a winning team
  • #53,014
  • Sep 30, 2019 1:12am Sep 30, 2019 1:12am
Inserted Video
  • #53,015
  • Sep 30, 2019 2:41am Sep 30, 2019 2:41am
out for a loss since there was a mistake in my trading plan. I hope tthat's solved now. Short 1492.40.
MTF PA with indicators = a winning team
  • #53,016
  • Sep 30, 2019 3:10am Sep 30, 2019 3:10am
Quoting notyetthere
out for a loss since there was a mistake in my trading plan. I hope tthat's solved now. Short 1492.40.
took profit at 1488.05
MTF PA with indicators = a winning team
  • #53,017
  • Sep 30, 2019 5:11am Sep 30, 2019 5:11am
Quoting leonelaus
went long small trades at 1492, sl 1485 tp open. Hope London treat me well today
Nearly hit SL , Long double size @ 1487 sl all trades at 1485 tp open
  • #53,018
  • Sep 30, 2019 5:40am Sep 30, 2019 5:40am
divergence-h1-gold
sl:1480
  • #53,019
  • Sep 30, 2019 5:53am Sep 30, 2019 5:53am
Looks so bearish 1455 insight. .also nfp ahead
GL...
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -766
  • #53,020
  • Sep 30, 2019 6:51am Sep 30, 2019 6:51am
Quoting MzansiObi
29/09/29 Hope we all had a good weekend and a great break.... The week that was saw a break down from the right shoulder level we mentioned earlier in the week, price trickled up on our weekly levels and eventually came back down towards key support on the daily chart at the 1485 handle, this handle also symbolic of the shoulder level of the current H4 structure....a break below will have me looking for PA making that correction towards the 1440ish handle that would also correlate with the Elliot-wave count for wave 4...... Failing which the right...
H1 Sell Zone Covered most of the downside levels, still one more to go at 1476.41....lets see what London Does with this now, Daily ranged touched to the bottom too, so will watch where it heads to now.....trade safe....
4&1 All Time Profit: $37,496
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