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

  • #10,401
  • Sep 20, 2011 3:50am Sep 20, 2011 3:50am
Quoting ruffryders

Ill wait for 50 fibo + TL tech confluence before going short.
Fair enough.....that's what your system says to you
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,402
  • Sep 20, 2011 3:51am Sep 20, 2011 3:51am
Quoting realjumper
Either way, it's no problem. The problem comes when you disobey your own rules, because then you may as well have no rules.

So far my rules have served me well, and that's ll I need to concern myself with.

Can I win every trade? Hell no. Can I win more than I lose.....most certainly, and that's all you, I and anyone has to do
for what's it worth I like your attitude!
  • #10,403
  • Sep 20, 2011 3:52am Sep 20, 2011 3:52am
Quoting realjumper
Ok...we got the pivot bounce....the stochastic cross and rollover.....candles look ok......so I am in short from 17900. SL at 1798. First target is S1 (1759).
patience, not as of yet she is still working out direction as of last 5 min. Lets see what the next 3 5 min. candles do..
  • #10,404
  • Sep 20, 2011 3:53am Sep 20, 2011 3:53am
Quoting realjumper
LOL........I said the link was the basics of the Andrews Pitchfork.....why do you repeat that? It wasn't posted for you specifically, it was posted for others who may like to know how pitchforks are drawn.....that's why it is the 'basics'

Yes, I have read about, and played with Schiffs and Modified Schiffs.....but as I have been saying.....drawing channels and bisecting them after the fact does not make valid forks....schiffs or not. Of course any time you'd like to ....ummm....enlighten me, please feel free to draw some forks etc...

Where have I not drawn a "valid" fork? I even mentioned in my post that it was an unmod schiff......

beeb
  • #10,405
  • Sep 20, 2011 3:55am Sep 20, 2011 3:55am
Quoting realjumper
As could I. I have to stick to my rules, and I don't win every trade. Perhaps this one will stop me out. Perhaps that will cause you to be happy.

Either way, it's no problem. The problem comes when you disobey your own rules, because then you may as well have no rules.

So far my rules have served me well, and that's ll I need to concern myself with.

Can I win every trade? Hell no. Can I win more than I lose.....most certainly, and that's all you, I and anyone has to do
Really now? Think I'm in this game for some sort of "self-gratification", your stats, win/loose/profit/loss (while i'd want ya to profit) are largely irrelevant to me.

Was merely pointing out that your stop resides' in a very "popular" area.
  • #10,406
  • Sep 20, 2011 3:55am Sep 20, 2011 3:55am
Quoting realjumper
Fair enough.....that's what your system says to you
I always look @ an hourly close @ such a decisive point, last 5 minutes can make or break a setup, seen that way too many times. So will wait for the hourly close and then decide. Brent is looking good and does in fact support XAU reversal.
  • #10,407
  • Sep 20, 2011 5:37am Sep 20, 2011 5:37am
ok folks , closed my long position for a profit of +20 pips.

so the actual trade was:

enter 1771.
tp 1791
sl 1741


yesterday i was going to close it early at + 15 pips. however it never got to +15 pips. so i left the trade open with a tp of 1791 and went to bed.

when i woke up about 15 mins ago, my tp had been reached and trade closed automatically. good for me !


also, i see a lot of childish chitter chatter going on in this thread. will everyone please stop arguing and grow up. concentrate on trading gold and how to make pips.


BTW, i see everyone is now jumping on the bandwagon of going short, something i predicted a few posts back. and everyone had put me down at that time for it. saying gold could not turn around and go down.. where are all the people that slated me and said i couldnt read charts dissapeared off too ?? are you people not gonna eat your words ? what happened ?

nuff said.

bring on the next trade.


  • #10,408
  • Sep 20, 2011 5:44am Sep 20, 2011 5:44am
Quoting whatfx
ok folks , closed my long position for a profit of +20 pips.

so the actual trade was:

enter 1771.
tp 1791
sl 1741


yesterday i was going to close it early at + 15 pips. however it never got to +15 pips. so i left the trade open with a tp of 1791 and went to bed.

when i woke up about 15 mins ago, my tp had been reached and trade closed automatically. good for me !


also, i see a lot of childish chitter chatter going on in this thread. will everyone please stop arguing and grow up. concentrate on trading gold and how to make pips....
Not wanting to start a fight but I need to point something out. Please look at these 2 out takes form what you just posted:

Quote
also, i see a lot of childish chitter chatter going on in this thread. will everyone please stop arguing and grow up. concentrate on trading gold and how to make pips.


Quote
where are all the people that slated me and said i couldnt read charts dissapeared off too ?? are you people not gonna eat your words ? what happened ?

I agree with the first statement.

Green pips
Anything can happen.
  • #10,409
  • Sep 20, 2011 5:57am Sep 20, 2011 5:57am
Quoting ddinnov
Not wanting to start a fight but I need to point something out. Please look at these 2 out takes form what you just posted:






I agree with the first statement.

Green pips


i was trying to shut the chitter chatter up for good with my last statement. i.e. shut those people up for good that slated me so that they dont come back and argue with me again. thereby ending the matter, and stopping the chitter chatter, and further arguments.

  • #10,410
  • Sep 20, 2011 6:06am Sep 20, 2011 6:06am
Quoting whatfx
i was trying to shut the chitter chatter up for good with my last statement.
won't happen. you do realize that at any rate there's gonna be 12 year old kids and old farts still trying to jump on you whatever you do. It's just the normal state of this thread, gotta get used to it. You can get upset with it or just ignore it. I think the second in the best option.
  • #10,411
  • Sep 20, 2011 6:07am Sep 20, 2011 6:07am
Quoting realjumper
Ok...we got the pivot bounce....the stochastic cross and rollover.....candles look ok......so I am in short from 17900. SL at 1798. First target is S1 (1759).
I can't baby sit this trade any longer......SL to BE to remove risk, and whatever will be....will be!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,412
  • Sep 20, 2011 6:16am Sep 20, 2011 6:16am
Quoting realjumper
I can't baby sit this trade any longer......SL to BE to remove risk, and whatever will be....will be!

i see you guys are entering shorts. but i only see sa hort term buy at the moment.

i may enter a small buy now, with a tp of 15 pips.....


in a few minutes i will decide. just waiting for the right setup...
  • #10,413
  • Sep 20, 2011 6:25am Sep 20, 2011 6:25am
Quoting whatfx
i see you guys are entering shorts. but i only see sa hort term buy at the moment.

i may enter a small buy now, with a tp of 15 pips.....


in a few minutes i will decide. just waiting for the right setup...
short is ON right now and adding below 1785. Brent met strong resistance below MP and met technical resistance @ 110. It's reversing and going down at the moment. This looks like a good sign for further downside on gold.
  • #10,414
  • Sep 20, 2011 6:39am Sep 20, 2011 6:39am
Quoting ruffryders
short is ON right now and adding below 1785. Brent met strong resistance below MP and met technical resistance @ 110. It's reversing and going down at the moment. This looks like a good sign for further downside on gold.

you are right. the overrall look is bearish.

but iam looking for a few pips on the upside. i have entered a small buy at 1787. will probably close at +10 pips.

although at the moment there seems to be nothing doing, it appears to have reached a stalemate for now. if the stalemate continues then i will close the position early with whatever pips i have at the time.

hardly much movement today. no point in hanging on to a trade if its ranging....
  • #10,415
  • Sep 20, 2011 6:52am Sep 20, 2011 6:52am
Quoting whatfx
i see you guys are entering shorts. but i only see sa hort term buy at the moment.

i may enter a small buy now, with a tp of 15 pips.....


in a few minutes i will decide. just waiting for the right setup...
My short got stopped at BE. That's ok.....I have other trades running on other pairs and this one was using too much attention, so a BE result is ok. I'll have another look at this pair tomorrow (NZ time).
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,416
  • Sep 20, 2011 6:56am Sep 20, 2011 6:56am
I'm short with this:
http://www.kikkichimoku.com/home/201...ort-su-h1.html
http://gyazo.com/1025a5caa5ce1b11025b170e8b437bba.png
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  • #10,417
  • Sep 20, 2011 7:08am Sep 20, 2011 7:08am
Quote
My short got stopped at BE

yeah true mediocre performance so far, still got some time into the session, but it's been a pretty tight range so far.
  • #10,418
  • Sep 20, 2011 7:18am Sep 20, 2011 7:18am
iam off for today folks. dont like whats happening today. markets seem to have come to a standstill. not a good day to trade.

  • #10,419
  • Sep 20, 2011 8:01am Sep 20, 2011 8:01am
Quoting whatfx
iam off for today folks. dont like whats happening today. markets seem to have come to a standstill. not a good day to trade.

BRENT is making a run for it, below MP and rejected @ tech confluence. I'd say not long before XAU should proceed with it's descent to 1750.

http://img714.imageshack.us/img714/9...h120092011.png
  • #10,420
  • Sep 20, 2011 8:17am Sep 20, 2011 8:17am
Quoting kikkofrio
I'm short with this:
http://www.kikkichimoku.com/home/201...ort-su-h1.html
http://gyazo.com/1025a5caa5ce1b11025b170e8b437bba.png
Stop a BE for me...let's see...
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