XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 565 | Metals Mine

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

  • #11,281
  • Sep 28, 2011 5:57pm Sep 28, 2011 5:57pm
Damn sleep, missed the drop!
  • #11,282
  • Sep 28, 2011 6:09pm Sep 28, 2011 6:09pm
Oh, there is more to come. Maybe very shortly.
  • #11,283
  • Sep 28, 2011 6:32pm Sep 28, 2011 6:32pm
Quoting diggo
I'm currently bearish on Silver. After a solid day of consolidation yesterday, looks like we are in for a resumption of the downtrend. I am also holding onto a bunch of longs between 2985 and 3320 that I will offload in the weeks to come. I'll make some money on the way down first. What a day for profit taking yesterday though!
As expected the downtrend continues. My short @ 3090 partially closed @ 2990. Looking at the charts there is plenty of room to move lower. Immediately I'm thinking 2850 or even 2800 today.
  • #11,284
  • Sep 28, 2011 6:37pm Sep 28, 2011 6:37pm
I will use the 1hr/30m/15m charts to seek better prices to short more.
  • #11,285
  • Sep 28, 2011 6:44pm Sep 28, 2011 6:44pm
Quoting whatfx
my short at 1630 at +22 pips profit.

moved stop to B.E.

taken half the position off. will let the other half run on....


my short at 1630, currently nicely sitting at + 40 pips profit.

need to decide whether or not to close it. thinking of moving stop to 1615 locking 15 pips profit and letting trade to run on until nearer the 1550 mark...

will decide before i go to bed.
  • #11,286
  • Sep 28, 2011 6:48pm Sep 28, 2011 6:48pm
Quoting whatfx
my short at 1630, currently nicely sitting at + 40 pips profit.

need to decide whether or not to close it. thinking of moving stop to 1615 locking 15 pips profit and letting trade to run on until nearer the 1550 mark...

will decide before i go to bed.
It's pretty safe to let it ride, should go lower today. But why not have an each way bet, close half now and let the other half ride with the aforementioned stop loss.
  • #11,287
  • Sep 28, 2011 6:55pm Sep 28, 2011 6:55pm
Quoting diggo
It's pretty safe to let it ride, should go lower today. But why not have an each way bet, close half now and let the other half ride with the aforementioned stop loss.

hi

i have already closed have previously. so i have half left. originally was £10 per point (closed half at + 25). now £5 per point.

i think i will let the trade run on towards 1550. moving stop to 1615 to lock in 15 pips profit. will set a tp at 1570, whilst iam asleep if tp is hit then all fine. otherwise will monitor it tomorrow, and may move tp to 1550...

see ya all tomorrow
  • #11,288
  • Sep 28, 2011 7:28pm Sep 28, 2011 7:28pm
I'm Older & set in my ways although I still read & try to keep up with subjects that interest me.

Flipping Trades every 15 or 5 or 30 Minutes or 30 Secs no longer holds any desire or require for me.
As such, I (no offence to anyone intended) I'm outta Posting here for a while.
I'll still Scroll the New Posts but Long for 10P Or Exit Short for 15 Or Out at BE Or 20 P away from entry garner no real interest for me.

I'll still be cruzin for Smart Questions.

B
  • #11,289
  • Sep 28, 2011 8:16pm Sep 28, 2011 8:16pm
Quoting Ravissek
Thanks :-) I will buy more if it will rise more
I have a lot buys but its only 1,3lots at all :-)
I trade only 0,1lots and a lot of orders.
you probably stated this before.....but how do you decided to when to close your buys?
Life's a bitch....so be a dog and cover it!
  • #11,290
  • Sep 28, 2011 9:17pm Sep 28, 2011 9:17pm
Quoting CathS
Damn sleep, missed the drop!
I think we'll see interesting moves across the London Session... I'm still wondering at what time it will drop. I think we could see something like happened yesterday. My point of view is based fundamentally... I hope tonight it works the same way it did yesterday.

So I'm looking at a good trading opportunity tonight stick around

Pbh
  • #11,291
  • Sep 28, 2011 9:28pm Sep 28, 2011 9:28pm
Quoting Pbh
I think we'll see interesting moves across the London Session... I'm still wondering at what time it will drop. I think we could see something like happened yesterday. My point of view is based fundamentally... I hope tonight it works the same way it did yesterday.

So I'm looking at a good trading opportunity tonight stick around

Pbh
I am with you - loading up on caffiene as we speak!!
  • #11,292
  • Sep 28, 2011 10:14pm Sep 28, 2011 10:14pm
we might see levels as high as 1629 today in the London session, but this is just another short opportunity, i think 1550 is underway.

http://www.marketvibs.blogspot.com/
  • #11,293
  • Sep 28, 2011 11:02pm Sep 28, 2011 11:02pm
I agree and trade the same way. Many that cime and gi think scalping will generate quick and consistent riches although it is the opposite.

The chances of loss are greater and usually will outstrip the gains eventually unless one is a seasoned scalper with an efficient style and trading large lot sizes.

Say 500,000 to 1,000,000 USD lots. Even then the pressure is far greater.

I thought I made an announcement a while back as follows:
(BTW) 3/4 of the people when I made the anncmt. were scalping and I'd say
95% of them no longer post.

If one is scalping - we know the reason so there isn't much to explain.
One reason for entry is acceptable but there is no need to write how many pips you made or that you were in the market for 5 minutes using the M1 and made a killing.

Also follow ups are not needed either. All it will do is clog up the thread with
in at 1600 out at 1610. no substance = therefore no use.

=============================================

Now if the market is extremely dead, I can understand and I too may scalp or rather just sit out waiting for a real entry shooting for a 50 to 300 USD move.
here is what we want to see fellas and gals.

I will check the rules and see if it is there. Otherwise it will be added now.




Quoting Bemac
I'm Older & set in my ways although I still read & try to keep up with subjects that interest me.

Flipping Trades every 15 or 5 or 30 Minutes or 30 Secs no longer holds any desire or require for me.
As such, I (no offence to anyone intended) I'm outta Posting here for a while.
I'll still Scroll the New Posts but Long for 10P Or Exit Short for 15 Or Out at BE Or 20 P away from entry garner no real interest for me.

I'll still be cruzin for Smart Questions.

B
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #11,294
  • Sep 28, 2011 11:12pm Sep 28, 2011 11:12pm
ADDED TO RULES:

].5 Concerning scalping. [/b][/b]Unnecessary to post in at 2000 out at 2001. If there is a great scalp and a great setupyou want to share, please do with backup. Otherwise save the scalping banter for when the market is dead or trading in an extremely tight range like 10 USD.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #11,295
  • Sep 28, 2011 11:29pm Sep 28, 2011 11:29pm
xag-usd , go back down on the day?
and xau-usd, i have a trade on 1602, sell.
What you mean ?is xau go down?
  • #11,296
  • Sep 28, 2011 11:43pm Sep 28, 2011 11:43pm
Quoting CathS
I am with you - loading up on caffiene as we speak!!
Say that to me. I'm in the East... it's a real pain in the ass to stay awake until 3-4 am because I must go to school at 7:20 (I'm 14 , 2 years of experience trading)
  • #11,297
  • Sep 28, 2011 11:54pm Sep 28, 2011 11:54pm
Quoting Pbh
Say that to me. I'm in the East... it's a real pain in the ass to stay awake until 3-4 am because I must go to school at 7:20 (I'm 14 , 2 years of experience trading)
at 14 my parents didnt allow me to stay up all night if i had school next day
  • #11,298
  • Sep 28, 2011 11:57pm Sep 28, 2011 11:57pm
Quoting TradingB
at 14 my parents didnt allow me to stay up all night if i had school next day
It's the new world though
  • #11,299
  • Edited 12:49am Sep 29, 2011 12:18am | Edited 12:49am
shorting now, little position
*Forgot about the news, out of this trade
  • #11,300
  • Edited 1:30am Sep 29, 2011 1:07am | Edited 1:30am
Quoting lilpip
wed daily
1808
1665 eyes open also will be watching pa and candle formations between 1645-65 for clues to direction.
1524-34
will be keeping an eye on 1730-50 area as 1730 is the weekly pivot and for the past 2 weeks we have bounced south from the weekly pivot.
bounce down from daily trendguide or pivot 1665 was noted for wed.
thur seems tough to anticipate.
Been no testing of weekly pivot as we've had tested the past couple weeks, this weeks pivot is the 1730.
Keep in mind monthly pivot is 1757 so from my angle 1730-60 area is a significant area to consider as one would watching pa and candle formations for direction.
thur. daily
1767
1642
1533
also will have my eyes open to 1677 and 1605 responses.
thur. daily silvr
34.62
31.86
26.05
will be taking partials @ the daily trendguide area and looking for direction
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