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

do you really use SL at gold longs? ^^

yes, why??

i never set sls at gold longs

ph.^^

i hate stoplosses, i think they are a crude method of exiting the market. somtimes i get whipsawed and i will re enter the trade again.

i just dont like the thought of the market being able to move against me basically as far as it wants. i cant sit and monitor my trades.

Hello gold trader look at crude now tecnical buy

this is my take on what im seeing.
with yearly and (quarterly @ 1320) trend guides at our backs will we get the monthly 1357 there also ? If so, may the bulls be with you.
should be interesting as we start monday looking at the daily charts at 1355-57 as it is a pivot area so to speak.
day
1367
1355
1344

looking at the weekly chart and a stronger trend than daily, bias is up from 1343-44.
1374
1343-45
1314

silver
up from quarterly trend guide 26.27 and monthly 27.74 is at our backs, this week bias is up from 28.93-29.10.
weekly
30.99
28.93
26.87
monday
30.40
29.75
29.10
sat.afternoon movies
https://mail.google.com/mail/?hl=en&...e10163f740b5a1

This is my first time to include a picture.
It is a possible interpretation of gold. The top trend line is from the highs in Dec and Jan. My view is we will head down hard in the short term.

Necessary to break up the resistance @ 1369 to confirm the uptrend.
Chart daily.

http://www.kingworldnews.com/kingwor...w_Maguire.html

Most of you know about this i am sure, but for those of you who dont know about Maguire, its time to know.

I hate holding gold over the weekend, always seems jumpy when it opens, my stop is at 49, does not feel to safe at the mo.

2 wedges:

first one broken up and on the way its target 1425 or upper.
as starman45 says, break 1370 up with volume would confirm bullish bias.

if price breaks down, second wedges target 1310 or lower.

fundamentals still point higher prices

good trading week

If I do I may take off the first lot at 1375 target.

Price currently

1356 / 1357 bid ask appx

I am long double on AUD from market open.

Here is the new formed channel in my view and my latest add.

This is an H4 chart. If things keep up the way they are we are in for a major moving average shift on the H4 then the daily.

I have segregated Gold trades from currency trades as my preffered currency broker does not offer Gold to us in the US.

Why they can't and others can is an MT4 thing I think..... Not sure.
don't really care too much either, but would like the better execution.

So I try to make the gold trades longer term now.

Good Luck!!!!

EDIT : CHART ADDED as well as LONG may be a good time to scoop some physical

Going to read some news.

My Aussie post is here with trades and potential targets.

Already passed first target which I erased so just riding now.

http://www.forexfactory.com/showpost...ostcount=28095

another alternative. couldn't add the pic on the last one

it seems EMA200 is providing good support on H1

It's so boring... looks like the volatility was cut by half in February.

Did I miss something?

check your chart again

booom

I saw that... but it's "just" a 30-40 pips rally after half a day. It's quite slow, in general. Too many ranges. Now it stalled again, right below 1365.

There is a kind of direct correlation between volatility and my profits. The profits are down by half (ok, I should be happy for being in green...).

I don't want to get overexposed, so it's necessary to keep the order sizes. I will need lots of patience this month...

It seems that the biggest risk in my strategy is the guy executing it

Good resistance at 1365 for the moment, bulls are fighting it. Silver above 30.50