XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 552 | Metals Mine

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

  • #11,021
  • Sep 26, 2011 4:59am Sep 26, 2011 4:59am
Quoting ovi
I am using this method for 4 years now and i am still earning. If you take out Gold's chart of past years you will come to know that Gold's ultimate fate is that it rises. No doubt small corrections is part of it but ultimately Gold has to rise. So you can go long with out any fear. The only thing you have to be careful in this method is money management . Just buy as much gold so that you can bear corrections. I started with 1000 $ and i have withdrawn 20,000 $ by the time. Its very successful method but just for Gold and Silver
Totaly agree.I am using this too :-) Best method.No psychic blocks
  • #11,022
  • Sep 26, 2011 5:00am Sep 26, 2011 5:00am
Quoting Ravissek
Now 15777$ floating loss.
Capital used:0,6%
Profit now: -5,5%
But it will rise :-)
I was saying that I have big capital.You need it for gold trading
I wish your confidence would not hurt your account badly.
  • #11,023
  • Sep 26, 2011 5:05am Sep 26, 2011 5:05am
ok folks

two buy orders set


one at 1550 , sl 50 pips, tp 50 pips.


2nd at 1500, sl 50 pips, tp 50 pips.


the above are emergency buy orders. i expect the market to rise anytime soon now, before reaching any of the above levels. in which case i will reload my longs at the present price and cancel above orders.

i will be monitoring the downtrend carefully. as it could even be that the downtrend may continue.

we are in tough times.
  • #11,024
  • Sep 26, 2011 5:13am Sep 26, 2011 5:13am
All are in confusion long or short.
  • #11,025
  • Sep 26, 2011 5:14am Sep 26, 2011 5:14am
i request everyone to have faith in gold.

you can always make money in gold.

even when the market is falling. be patient, wait for the right signals, dont overtrade.

the high probability trades is what you should be looking out for.
  • #11,026
  • Sep 26, 2011 5:15am Sep 26, 2011 5:15am
Quoting itsariful
I wish your confidence would not hurt your account badly.
Yo no understand meh
  • #11,027
  • Sep 26, 2011 5:33am Sep 26, 2011 5:33am
Quoting whatfx
i request everyone to have faith in gold.

you can always make money in gold.

even when the market is falling. be patient, wait for the right signals, dont overtrade.

the high probability trades is what you should be looking out for.

Exactly.. GOLD IS STILL PRETTY MUCH BULLISH.

however as you can see the BEARS are euforic... that's better for us.. lol, some guy even opened a thread with conspirancy gold bubble explosions.. lol..
The Black Swan: The Impact of the Highly Improbable
  • #11,028
  • Sep 26, 2011 6:26am Sep 26, 2011 6:26am
buy is coming..coming...coming. not fully there yet.


however i have entered a buy with a very small stake at 1624. just looking for a few pips. my confidence level for this trade : 60%.

market needs to move nearer the 1660 area for me to be fully committed to entering a full fledged buy position.


cheerio
  • #11,029
  • Sep 26, 2011 6:41am Sep 26, 2011 6:41am
Silver just bounced 100 pips up off 28

crazy movements
  • #11,030
  • Sep 26, 2011 6:57am Sep 26, 2011 6:57am
may be 1 more wave down for silver
Attached Image (click to enlarge)
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  • #11,031
  • Sep 26, 2011 7:29am Sep 26, 2011 7:29am
Quoting XTrade
LOL that "be" funny. You did a search!
.......
Happy to provide the chuckle.
  • #11,032
  • Sep 26, 2011 7:37am Sep 26, 2011 7:37am
ok ny lets see if 1584-1600 and 27.84 holds
  • #11,033
  • Sep 26, 2011 7:46am Sep 26, 2011 7:46am
[quote=yudhigold;4982109]
Quoting Doncex

somebody can tell me what is the possible lowest price before gold hits 2000?

i have -50% my margin off before it's calling...
I am thinking 1500 now.

if it does not find strong support at 1500...it will plummet further.

the daily chart has gone thru the 200 moving average.
Life's a bitch....so be a dog and cover it!
  • #11,034
  • Sep 26, 2011 7:51am Sep 26, 2011 7:51am
Quoting sonicdeejay
carefull with bottom picking fella..

Finger can get smelly..


Sonic
lol

love the avatar btw
Life's a bitch....so be a dog and cover it!
  • #11,035
  • Sep 26, 2011 7:52am Sep 26, 2011 7:52am
Quoting Ravissek
Totaly agree.I am using this too :-) Best method.No psychic blocks
dittos
Life's a bitch....so be a dog and cover it!
  • #11,036
  • Edited 8:12am Sep 26, 2011 8:00am | Edited 8:12am
Looks like increased margin requirements was the reason for that correction.

Well ok, weak longs are washed out. Went long silver at 27 again with a target at 37 then 50.

Regarding silver: In Silver, there were 114,000 contracts traded on Friday, over 100% of the Total amount of Silver mined in one year and 114% of ALL OPEN ORDERS!

Something's cooking here.
Attached Image (click to enlarge)
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  • #11,037
  • Sep 26, 2011 8:07am Sep 26, 2011 8:07am
Quoting Ravissek
Now 15777$ floating loss.
Capital used:0,6%
Profit now: -5,5%
But it will rise :-)
I was saying that I have big capital.You need it for gold trading
at what price will you stop trading and close the trades? or does this scenario not exist in your plan? what if it simply does not rise anymore? have you ever thought about this possibility?
  • #11,038
  • Sep 26, 2011 8:12am Sep 26, 2011 8:12am
Quoting Xaron
...... Something's cooking here.
Uh huh. Volatility.
  • #11,039
  • Sep 26, 2011 8:16am Sep 26, 2011 8:16am
Quoting Xaron
Looks like increased margin requirements was the reason for that correction.

Well ok, weak longs are washed out. Went long silver at 27 again with a target at 37 then 50.

Regarding silver: In Silver, there were 114,000 contracts traded on Friday, over 100% of the Total amount of Silver mined in one year and 114% of ALL OPEN ORDERS!

Something's cooking here.
great entry for silver, what kind of time frame are you looking for 37 to be hit?
  • #11,040
  • Sep 26, 2011 8:17am Sep 26, 2011 8:17am
Quoting SlickFX
great entry for silver, what kind of time frame are you looking for 37 to be hit?
Thanks. This year, a matter of weeks. Maybe I lower my first target to 33/34 which would be the 50% retracement of the current down move (43->26) and an old support level.
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