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

  • #6,981
  • Jun 7, 2011 8:45am Jun 7, 2011 8:45am
At least we are making Higher highs and Higher lows.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,982
  • Jun 7, 2011 8:46am Jun 7, 2011 8:46am
Bernaked LOL hopefully.
Quoting Mitchoss
good to see its still in a very slight uptrend.

hopefully the split second bernanke opens his mouth PM's will shoot off. haha
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,983
  • Jun 7, 2011 8:46am Jun 7, 2011 8:46am
BEEB what's up buddy?!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,984
  • Jun 7, 2011 8:49am Jun 7, 2011 8:49am
It's the old stepping stone pattern. It ranges - breaks range topside finds new support and then moves sideways again.

You know the saying "it's the stairs up and the elevator down"

I doubt bernake will come out with anything of much substance.

Besides fumbling around the words "were up $hits creek without a paddle"/
Quoting Mitchoss
good to see its still in a very slight uptrend.

hopefully the split second bernanke opens his mouth PM's will shoot off. haha
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,985
  • Jun 7, 2011 8:51am Jun 7, 2011 8:51am
WHat to listen for in Bernanke's speech:
http://moneywatch.bnet.com/economic-...s-speech/1394/
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,986
  • Jun 7, 2011 9:04am Jun 7, 2011 9:04am
just got stopped out on my gold god damn it.

ah well
  • #6,987
  • Jun 7, 2011 9:09am Jun 7, 2011 9:09am
Quoting Mitchoss
just got stopped out on my gold god damn it.

ah well
what you stopand open price
Trading by EA
  • #6,988
  • Jun 7, 2011 9:17am Jun 7, 2011 9:17am
The only FXDD account that is ECN / STP is the Currenex feed. That is a true ECN.

There is no "hedging"
FIFO applies
and you pay commission on round turns.

The Mt4 feed is a Market maker deal desk.

Quoting leandar
FXDD have but STP account
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,989
  • Jun 7, 2011 9:20am Jun 7, 2011 9:20am
WHy???? where is your stop brother? or was?

Should have been at least below 1539 - get back in - H1 candle boosting. Looks like everybody is dumping USD ahead of brncakes speech.

edit : yes what was the entry - stop and tp please. we are here to help/.

I made back all my losses and am now in profit on my GBP USD trade.

Quoting Mitchoss
just got stopped out on my gold god damn it.

ah well
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,990
  • Jun 7, 2011 9:21am Jun 7, 2011 9:21am
also when was the trade entered and what was the goal?
Positioning?
Scalping?

If positioning 1539 way to tight. thats for a scalp

suggestion. LOWER YOUR RISK BY REDUCING LOT SIZE. Gold is super volatile and can whip around 15 usd up and down in 2 bars
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,991
  • Jun 7, 2011 9:22am Jun 7, 2011 9:22am
Quoting XTrade
WHat to listen for in Bernanke's speech:
http://moneywatch.bnet.com/economic-...s-speech/1394/

in brnake speach time what the expecting you dollars is going to strong or weak
Trading by EA
  • #6,992
  • Jun 7, 2011 9:23am Jun 7, 2011 9:23am
Quoting XTrade
and you pay commission on round turns.

.
what is that?
--------------------
  • #6,993
  • Jun 7, 2011 9:28am Jun 7, 2011 9:28am
May be ready to short - potentiAL TRADE

Enter now at 9740
stop above 9860
target 9500

Risk 120 pips
Reward = 240

1:2
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,994
  • Jun 7, 2011 9:29am Jun 7, 2011 9:29am
what is what?

Be more specific not sure what you are asking.

Commission. = Money you pay to trade. ON TOP OF SPREAD. ECN spreads are usually very low - like a pip for EUR / USD
Round turn = 100,000 Units of currency open and closed.


Answered?
Quoting leandar
what is that?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,995
  • Jun 7, 2011 9:30am Jun 7, 2011 9:30am
i entered at 1543 and moved sl to be up from 1535.

my own fault.

gold seems to have a serious fight on its hands at the moment at 1547. i hope it can pop, I re-entered at 1544.5
  • #6,996
  • Jun 7, 2011 9:42am Jun 7, 2011 9:42am
I have a sell gold 1487 down $58
and a sell silver 34.42 down $25
Been sitting on them for a few weeks. I do have 2 gold buy and 2 silver buys down just a bit

all same lot size

Should I hold the sells and look for retrace or dump take the hit
  • #6,997
  • Jun 7, 2011 9:45am Jun 7, 2011 9:45am
Quoting dryclean
I have a sell gold 1487 down $58
and a sell silver 34.42 down $25
Been sitting on them for a few weeks. I do have 2 gold buy and 2 silver buys down just a bit

all same lot size

Should I hold the sells and look for retrace or dump take the hit

hold your sell position and leave you buy now at the moment gold is having serious resistance in my charts exact high of the last week
Trading by EA
  • #6,998
  • Jun 7, 2011 9:48am Jun 7, 2011 9:48am
Leander
These are Currenex platforms which are ECNs -
http://www.fxdd.com/en/forex-trading.../currenex.html

NOTE: I am not affiliated with or do I promote FXdd in any way shape or form just sharing info

Quoting leandar
what is that?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #6,999
  • Jun 7, 2011 10:00am Jun 7, 2011 10:00am
Mitch where was the stop though? that's what we need to know.

Quoting Mitchoss
i entered at 1543 and moved sl to be up from 1535.

my own fault.

gold seems to have a serious fight on its hands at the moment at 1547. i hope it can pop, I re-entered at 1544.5
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #7,000
  • Jun 7, 2011 10:04am Jun 7, 2011 10:04am
Wait a sec, you are holding SHORT GOLD from 1487??

And what reason do you have for a 10 USD drop in silver. Not likely in the near future IMO.

???
Quoting dryclean
I have a sell gold 1487 down $58
and a sell silver 34.42 down $25
Been sitting on them for a few weeks. I do have 2 gold buy and 2 silver buys down just a bit

all same lot size

Should I hold the sells and look for retrace or dump take the hit
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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