XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2654 | Metals Mine

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

  • #53,061
  • Oct 1, 2019 10:31am Oct 1, 2019 10:31am
Quoting montygoldy
Mussed the fucking rally... but i still have confidence this hourly candle to go as half as big like the previous one... entered very risky long at 1483 tp: 1490++ sl: 1480
You crazy man! I like those aggressive positions while having a very tight stop loss. This strategy is actually pretty good if you can handle your risk aversion.
Gl big man. I'm on a short with TP @ 1462.
  • #53,062
  • Oct 1, 2019 11:13am Oct 1, 2019 11:13am
Quoting MamounDeb
{quote} You crazy man! I like those aggressive positions while having a very tight stop loss. This strategy is actually pretty good if you can handle your risk aversion. Gl big man. I'm on a short with TP @ 1462.
this strategy only works .... if you have 70% win rate.... even with a couple of losses one big win covers everything... I am always all in ............
(thats why sometimes get fucked)

here we go gold sometimes behave as expected...

edited: taking a risk will hold till 1490++ sl is still 1480...
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Extreme gut feeling trader
  • #53,063
  • Oct 1, 2019 11:24am Oct 1, 2019 11:24am
Quoting montygoldy
{quote} this strategy only works .... if you have 70% win rate.... even with a couple of losses one big win covers everything... I am always all in ............ (thats why sometimes get fucked) here we go gold sometimes behave as expected... edited: taking a risk will hold till 1490++ sl is still 1480... {image}
What is your leverage?
  • #53,064
  • Oct 1, 2019 11:34am Oct 1, 2019 11:34am
Quoting MamounDeb
{quote} What is your leverage?
the screenshots i put is my casino acc..... always deposit 2k no more or less.....1:500... The conservative acc is 1:50 thats the max u can get in Canada. Over there whenever i trade i have my balls in my mouth thats why not that much interesting like this one....
Extreme gut feeling trader
  • #53,065
  • Oct 1, 2019 11:40am Oct 1, 2019 11:40am
Quoting montygoldy
{quote} the screenshots i put is my casino acc..... always deposit 2k no more or less.....1:500... The conservative acc is 1:50 thats the max u can get in Canada. Over there whenever i trade i have my balls in my mouth thats why not that much interesting like this one....
Nice bro. I'm still on my sell And I believe we are in the perfect selling zone now. I 'm aiming for 1st target 1462. 2nd 1455, 3rd 1445.
Although I believe we will have an uptrend formation when hitting the lows and will end up at 1550 at the end of the month.
  • #53,066
  • Oct 1, 2019 11:45am Oct 1, 2019 11:45am
Quoting MamounDeb
{quote} Nice bro. I'm still on my sell And I believe we are in the perfect selling zone now. I 'm aiming for 1st target 1462. 2nd 1455, 3rd 1445. Although I believe we will have an uptrend formation when hitting the lows and will end up at 1550 at the end of the month.
I agreed. I am also short from 1483.23
  • #53,067
  • Oct 1, 2019 12:09pm Oct 1, 2019 12:09pm
Quoting notyetthere
{quote} I got where you found yourr short from, I wasn't using 5M bars
I don't trade on candle bar alone. I just use it as confirmation at potential buying and selling areas.

I closed that short @1465
P.S. Trade with the discipline of Money Management and Risk Management.
  • #53,068
  • Oct 1, 2019 12:18pm Oct 1, 2019 12:18pm
better stick to my 15 and 20M charts they are way slower but in the end you have more time to think things through ...
MTF PA with indicators = a winning team
  • #53,069
  • Oct 1, 2019 12:25pm Oct 1, 2019 12:25pm
Quoting pundit78
{quote} I agreed. I am also short from 1483.23
Same here. Lets see if yesterdays break of support becomes resistance.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #53,070
  • Oct 1, 2019 12:33pm Oct 1, 2019 12:33pm
Totally not like USD (eurusd in particular) atm, even though I have been predicting (slowly) stronger USD by the day... consistently.. check my previous posts...
I do not like that it is that low because there are increasing risks of heavy intervention, yes the "T"... is pressing harder than the Hydraulic Press (channel..
I would like for USD to drop like 100+ PIPs (vs EUR) to release some pressure... So not happy with how market is going atm... but I will wait for the end of the week to see what kind of picture it forms... I would believe for it to go back to track.. meaning USD to release some power in order to start regaining it slowly, meaning not disturbing markets much... or more precisely.. not waking up the lions.. in the ...house
Can you afford to take that chance?
  • #53,071
  • Oct 1, 2019 4:49pm Oct 1, 2019 4:49pm
Quoting fontu
at least the upper limit break possible today as an extension 5th , take care {image} {image}
Bearish Ab=CD completed at 1460 area....
What's next?
Hmmmmm 1521 is always a good area...
Wooooohooooo or Boooooohooooo
  • #53,072
  • Oct 1, 2019 5:32pm Oct 1, 2019 5:32pm
I made a long-term forecast on September 24th. And in the weeks to come, gold will fall in the 1417 to 1414 range range.
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  • #53,073
  • Oct 1, 2019 6:00pm Oct 1, 2019 6:00pm
XAUUSD price action has spent a lot of time and effort trying to breach the multi-year resistance around 1552.80 that it is reasonable to expect some negative mode but the momentum has not been smooth atm.

KP
Do your homework, follow the footprints of smart money
  • #53,074
  • Oct 1, 2019 9:09pm Oct 1, 2019 9:09pm
Quoting montygoldy
{quote} this strategy only works .... if you have 70% win rate.... even with a couple of losses one big win covers everything... I am always all in ............ (thats why sometimes get fucked) here we go gold sometimes behave as expected... edited: taking a risk will hold till 1490++ sl is still 1480... {image}
good morning brother
you loss 30.000 $ last week buy in 1533 without sl and in 1505 your money finished can you cover this loss with one tread ? your strategy is very risky
  • #53,075
  • Oct 1, 2019 9:14pm Oct 1, 2019 9:14pm
Quoting montygoldy
Mussed the fucking rally... but i still have confidence this hourly candle to go as half as big like the previous one... entered very risky long at 1483 tp: 1490++ sl: 1480
You want to be long.Gold will complete another up leg targeting 1500 or just before that.
  • #53,076
  • Oct 1, 2019 11:18pm Oct 1, 2019 11:18pm
#SILVER / Weekly / Three Ideas
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  • #53,077
  • Oct 1, 2019 11:25pm Oct 1, 2019 11:25pm
2 October 2019

Morning Traders

Price managed to retest that neckline area handle. The handle was formally Daily support and the daily close below it has made it interim resistance.
Given the daily close below this handle, Still maintaining a bearish outlook to retest the lows again. will exercise patience...
Price currently in the H4 sell zone , the first challenge for sellers will be to get below the m15 200 ema...

H1: still neutral.
H4: Sell Zone: 1480.12 - 1488.76
D1: Bearish to neutral.

Levels wise, our weekly numbers still acting accordingly and so will look around those to see what and how intra day numbers play out

Intra day Levels
Upside
1518.54
1502.87
1497.24
1490.38
1485.47

Downside
1474.71
1462.22
1457.31
1446.55
1434.00

Would like to see price break lower and retest the 1466 handle but will try and lock in some profit incase this 76 handle is forming an interim base... closing some positions from yesterdays H4 Sell Setups and adjusting stops to entry... till it decides what it wants to do....

Have Uploaded the H1 chart with weekly numbers just for perspective


Green Pips to you all
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4&1 All Time Profit: $37,496
  • #53,078
  • Oct 1, 2019 11:26pm Oct 1, 2019 11:26pm
Quoting alirezamm
{quote} good morning brother you loss 30.000 $ last week buy in 1533 without sl and in 1505 your money finished can you cover this loss with one tread ? your strategy is very risky
Thats a pretty edge case brother coz i dont have that much money in my acc anytime. Thats just a challenge 2k-40k still came out with 10k profit.. plus it was my carelessness.... i mentioned before i start with 2k go for a week sometimes double or triple n then take out the profits or blow it... thats not my strategy... thats just my casino acc... original acc is super duper conservative only aims .5 to 1% gain a month
Extreme gut feeling trader
  • #53,079
  • Oct 1, 2019 11:28pm Oct 1, 2019 11:28pm
Quoting RobyTurboSS
{quote} You want to be long.Gold will complete another up leg targeting 1500 or just before that.
Yeps thats what i think.... my thinking is most of the time wrong...
Extreme gut feeling trader
  • #53,080
  • Oct 1, 2019 11:36pm Oct 1, 2019 11:36pm
Quoting montygoldy
{quote} Thats a pretty edge case brother coz i dont have that much money in my acc anytime. Thats just a challenge 2k-40k still came out with 10k profit.. plus it was my carelessness.... i mentioned before i start with 2k go for a week sometimes double or triple n then take out the profits or blow it... thats not my strategy... thats just my casino acc... original acc is super duper conservative only aims .5 to 1% gain a month
Good luck bro stay green
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