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

  • #10,581
  • Sep 21, 2011 5:47pm Sep 21, 2011 5:47pm
Quoting whatfx
so, just got back home and what do i see ?

large up and down swings....... good thing i stayed away.

did any of you cash in on these large moves.....?
Tried to catch the move up, entered a stop loss, but order execution ignored repeatedly.

Price moves up to 1814.** then freezes. I'm scrambling to enter a be stop loss repeatedly, but ignored.

A moment later, price is $20 below.

I did everything right, but have to try to manage this position now.

I'm rather frustrated at the moment. Trying my broker, but time will tell.

Ignored executions, followed by a price freeze and $20 move against me is beyond frustrating.

Hoping the Go Markets forecast for longs with targets at 1812 and 1840 come true. Would help me get out of this mess. I will wait to hear back from them before I even consider taking a loss.

Always a lesson to be learned - what bothers me most was the fact that price was not oscillating quickly, it was gradually on the rise as I tried to enter the sl. There is no valid justification for the ignored execution while price was still moving up. A frozen price feed and $20 move makes for a rough day.

Gold seems to be recovering, but it can't be fast enough as far as I'm concerned.
  • #10,582
  • Sep 21, 2011 6:01pm Sep 21, 2011 6:01pm
Quoting Wheels
Tried to catch the move up, entered a stop loss, but order execution ignored repeatedly.

Price moves up to 1814.** then freezes. I'm scrambling to enter a be stop loss repeatedly, but ignored.

A moment later, price is $20 below.

I did everything right, but have to try to manage this position now.

I'm rather frustrated at the moment. Trying my broker, but time will tell.

Ignored executions, followed by a price freeze and $20 move against me is beyond frustrating.

Hoping the Go Markets forecast for longs with targets at 1812 and 1840...

well. wait around. you will get a good oppurtunity to buy at around 1758 area, if the market falls that far.

iam yet to take my first short trade i promised.

hope the market does fall to 1758, waiting for a good buy.

yeah, i know the feeling these brokers give ya. not good at all. you should try using ooanda...

i lost some pips today on au long. but made good money on buying short sterling (the name is confusing). overall, made around £100, which is ok. markets were haphazard today, so preffered to stay away.


peace be upon you all...


  • #10,583
  • Sep 21, 2011 6:19pm Sep 21, 2011 6:19pm
Quoting Wheels
Tried to catch the move up, entered a stop loss, but order execution ignored repeatedly.

Price moves up to 1814.** then freezes. I'm scrambling to enter a be stop loss repeatedly, but ignored.

A moment later, price is $20 below.

I did everything right, but have to try to manage this position now.

I'm rather frustrated at the moment. Trying my broker, but time will tell.

Ignored executions, followed by a price freeze and $20 move against me is beyond frustrating.

Hoping the Go Markets forecast for longs with targets at 1812...
Never the end of the world. Thanks for the positive words.

I honestly have no problem with Go Markets, but hope they agree to fix this.

Not sure where my order execution was prevented, but if at Go Markets, it is their responsibility, and if it was the LP or CP, then they have a lot of explaining to do about their STP system.

Somehow, the price feed said one thing, but my valid stop loss modification was not processed.

I personally think this is among the perils of a sometimes crooked business (not Go Markets, but forex in general). Can't wait for the new CFTC public reporting requirements. Would like to know who was responsible for the spike in price, and then the rain drop fall afterward.

All the best! I'll be okay no matter what. As long as I don't start trading emotionally...
  • #10,584
  • Sep 21, 2011 6:36pm Sep 21, 2011 6:36pm
oh dear, i just entered a buy position by mistake. oops !

was checking the prices, loaded the ticket to check margin requirements, entered an amount , pressed cancel, but cursor moved and trade got executed !

oh well.....

my mistake.

have decided to keep the trade running anyway, with a sl at 1766 and tp at 1799. trade got entered at 1784.

if i lose this one, then its entirely my fault. i would have deserved it.
cant afford to lose pips like this. hope trade fruitifys. better be careful next time.


till tomorrow.....
  • #10,585
  • Sep 21, 2011 6:53pm Sep 21, 2011 6:53pm
caught the nice move today.

short from yesterday's setup done 50 dollar move.

might see some buying action here.

but im cautious bout this now.. only scalping. caught 3 dollar move long not so long ago.
Have I got something on my face, SOLDIER?
  • #10,586
  • Sep 21, 2011 6:53pm Sep 21, 2011 6:53pm
Quoting whatfx
oh dear, i just entered a buy position by mistake. oops !

was checking the prices, loaded the ticket to check margin requirements, entered an amount , pressed cancel, but cursor moved and trade got executed !

oh well.....

my mistake.

have decided to keep the trade running anyway, with a sl at 1766 and tp at 1799. trade got entered at 1784.

if i lose this one, then its entirely my fault. i would have deserved it.
cant afford to lose pips like this. hope trade fruitifys. better be careful next time.


till tomorrow.....
Allow me to update:

Go Markets chose to help me out.

They had absolutely no obligation, but made a good faith gesture.

Allow me to reiterate - they are a very fair broker.

I'm done being cute with major announcements.

That spike and hammer down was either a ploy or a very strange coincidence.

Again - looking forward to the new CFTC regulations.
  • #10,587
  • Sep 21, 2011 7:16pm Sep 21, 2011 7:16pm
XAU
It is a triangle configuration. Market should break either side. Acceleration should occur above 1816.70 or under 1779.18 limits. Elliott: flat correction down 1770.15. Closing: 1782.35. Pivot: 1792.74.

XAG
It is a triangle configuration. Market should break either side. Acceleration should occur above 40.69 or under 39.39 limits. Elliott: flat correction down 39.23. Closing: 39.68. Pivot: 39.92.
  • #10,588
  • Sep 21, 2011 7:20pm Sep 21, 2011 7:20pm
Quoting fawaol
So what is your view of the situation??
Seems like gold is going to test some new levels lower...
Not sure. Today didn't tell me much. Was almost like yesterday, an inside day. The candle body was inside yesterday's which just makes it obvious that the market is coiling - like someone mentioned earlier.

Which way will it break ........

Recent trend has been down but funnymentals say up. Bars have been of the wide range overlapping variety. In other words a correction - not impulsive.

Time, time, time will tell.
  • #10,589
  • Sep 21, 2011 7:21pm Sep 21, 2011 7:21pm
Quoting KinG-Solomon
XAU
It is a triangle configuration. Market should break either side. Acceleration should occur above 1816.70 or under 1779.18 limits. Elliott: flat correction down 1770.15. Closing: 1782.35. Pivot: 1792.74.

XAG
It is a triangle configuration. Market should break either side. Acceleration should occur above 40.69 or under 39.39 limits. Elliott: flat correction down 39.23. Closing: 39.68. Pivot: 39.92.
what is making me excited is the move up. Im seeing possible double bottoms on demand levels in both silv, and gold.
Have I got something on my face, SOLDIER?
  • #10,590
  • Sep 21, 2011 7:26pm Sep 21, 2011 7:26pm
long on gold.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 30 KB
Have I got something on my face, SOLDIER?
  • #10,591
  • Sep 21, 2011 7:28pm Sep 21, 2011 7:28pm
Quoting SunTrader
Not sure. Today didn't tell me much. Was almost like yesterday, an inside day. The candle body was inside yesterday's which just makes it obvious that the market is coiling - like someone mentioned earlier.

Which way will it break ........

Recent trend has been down but funnymentals say up. Bars have been of the wide range overlapping variety. In other words a correction - not impulsive.

Time, time, time will tell.
time is a lagging indicator

anyways im long.

with good sl.
Have I got something on my face, SOLDIER?
  • #10,592
  • Sep 21, 2011 7:28pm Sep 21, 2011 7:28pm
wHERE?? aT 1770/1772? .... Whats your position and target?

Quoting bumapatria
long on gold.
  • #10,593
  • Sep 21, 2011 7:34pm Sep 21, 2011 7:34pm
Quoting KinG-Solomon
wHERE?? aT 1770/1772? .... Whats your position and target?
1781.15. target? scalping probably if it doesnt break 5 minute/15 minute supply.

tight market now. not much movement.
Have I got something on my face, SOLDIER?
  • #10,594
  • Sep 21, 2011 7:44pm Sep 21, 2011 7:44pm
Interesting how my indicators are showing a sign of definite breakout for Gold...on the sells..



Attached Image (click to enlarge)
Click to Enlarge Name: Breakout921.png Size: 37 KB
  • #10,595
  • Edited 7:48pm Sep 21, 2011 7:47pm | Edited 7:48pm
Quoting KinG-Solomon
Interesting how my indicators are showing a sign of definite breakout for Gold...on the sells..



...
Cool: Hope they workout in the Positive for you.

Edit:
Definite???

B
  • #10,596
  • Sep 21, 2011 7:48pm Sep 21, 2011 7:48pm
Quoting KinG-Solomon
Interesting how my indicators are showing a sign of definite breakout for Gold...on the sells..



...
very possible. especially when Eu expected to drop even further.

i still think gold would retrace for a while posibly back to 1791 before breaking out once more.
Have I got something on my face, SOLDIER?
  • #10,597
  • Sep 21, 2011 7:52pm Sep 21, 2011 7:52pm
Here are some links on money moving - the fed, BoE etc.

"Operation Twist"

Federal Reserves launches 'Twist' stimulus initiative

http://www.thisismoney.co.uk/money/m....html?ITO=1490
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10,598
  • Sep 21, 2011 8:09pm Sep 21, 2011 8:09pm
Price doesn't want to move.

Support is at 1760 and major support should be at 1750 if anyone is scalping H1.


Double dip recession is possible if you guys read the links....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10,599
  • Sep 21, 2011 8:22pm Sep 21, 2011 8:22pm
Market is quiet. Easy to scalp.

I would think a small long here at the bottom of the range is possible

possible 3 to 5 dollar targets are achievable.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10,600
  • Sep 21, 2011 8:40pm Sep 21, 2011 8:40pm
Quoting bumapatria
.....time is a lagging indicator ....
For you maybe.
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