XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 654 | Metals Mine

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

  • #13,061
  • Nov 12, 2011 7:29am Nov 12, 2011 7:29am
Akhenaton,

Shrink your big azz chart down please.
  • #13,062
  • Nov 12, 2011 8:29am Nov 12, 2011 8:29am
Quoting richprayer
Thx for the advice. But if i quit right now, it means i lose the fight. Persistent is one of human nature too.

It would be kind if anyone can give tips. I already trade back from 2000 to 8000, then lose recent trade to 6000. I know i can't keep counting on luck, so i need some education/tips? After all it all about knowlegde and timing (please anyone )

Or anyone could refresh more fundamental theory, beside $USD index (USA breaking news), what is other routine news / trend that tend to affect gold price?

Or any MT4 indicator i can use...
Hi. My suggestion is don't give up. Withdraw your cash, move to a broker that you can trade mini lots but don't trade just yet. Open a demo account and trade for a while until you are successful then start trading with real money but very small lots to get the feel of it because even though small money, you will introduce the emotion. Once you can trade with no emotion or at least some control of it, slowly increase your lot sizes. There is lots of money to be made here. Follow this thread, watch and learn. 9k is not a lot to make back. There are lots of people online that offer free information about indicators. Read read read. It took me about 6 months to find a combo of indicators that I like and felt comfortable with. It takes time to understand what the indicators are telling you. If you would like give me your email address and I can send you samples, otherwise, Good luck.
  • #13,063
  • Nov 12, 2011 8:37am Nov 12, 2011 8:37am
Quoting SunTrader
Akhenaton,

Shrink your big azz chart down please.
what site are you using for image download
  • #13,064
  • Nov 12, 2011 8:43am Nov 12, 2011 8:43am
http://img192.imageshack.us/img192/3550/36252748.png
Uploaded with ImageShack.us
  • #13,065
  • Nov 12, 2011 8:53am Nov 12, 2011 8:53am
i might not know much about gold, but i believe even from my still premature experience in trading, is that we need to know ourself first. know urself, and know price, then u have nothing to fear.
Have I got something on my face, SOLDIER?
  • #13,066
  • Nov 12, 2011 11:19am Nov 12, 2011 11:19am
$9000 or the equivalent in any other currency is a hell of a lot of money to make back once lost.

As they say it is far easier to loss than to make.

But I can see this advice is falling on deaf ears.

Back to my sunny South Florida weekend.
  • #13,067
  • Nov 12, 2011 11:38am Nov 12, 2011 11:38am
Quoting richprayer
Thx for the advice. But if i quit right now, it means i lose the fight. Persistent is one of human nature too.

It would be kind if anyone can give tips. I already trade back from 2000 to 8000, then lose recent trade to 6000. I know i can't keep counting on luck, so i need some education/tips? After all it all about knowlegde and timing (please anyone )

Or anyone could refresh more fundamental theory, beside $USD index (USA breaking news), what is other routine news / trend that tend to affect gold price?

Or any MT4 indicator i can...
My guess is that your seriously over leveraging, given the wild swings in account balance (and since you can only trade standard lots), this will eventually be the death of your account. i think you know this, and you also know that you cannot rely on luck.

i suggest you withdraw your money, but if you are serious about trading, take 500-1000 and open a different account where you can trade micros, or 1 ounce or gold.

POSITION SIZE is VERY IMPORTANT.

Will you become rich doing this? no but you wont get rich the way you a going either, you are relying on luck and eventually this will run out.
  • #13,068
  • Nov 12, 2011 12:04pm Nov 12, 2011 12:04pm
Quoting highlander2
My guess is that your seriously over leveraging, given the wild swings in account balance (and since you can only trade standard lots), this will eventually be the death of your account. i think you know this, and you also know that you cannot rely on luck.

i suggest you withdraw your money, but if you are serious about trading, take 500-1000 and open a different account where you can trade micros, or 1 ounce or gold.

POSITION SIZE is VERY IMPORTANT.

Will you become rich doing this? no but you wont get rich the way you a going either, you are...
what john said

yeah true, over leveraging i see. leverage 1:10 ishould be the max in my opinion once a trader really knows himself and price and has minimal drawdown in hsi trades and is consistent in profit and can do so, till then try to use small or even non-leveraged lots
Have I got something on my face, SOLDIER?
  • #13,069
  • Nov 12, 2011 12:58pm Nov 12, 2011 12:58pm
Quoting highlander2
My guess is that your seriously over leveraging, given the wild swings in account balance (and since you can only trade standard lots), this will eventually be the death of your account. i think you know this, and you also know that you cannot rely on luck.

i suggest you withdraw your money, but if you are serious about trading, take 500-1000 and open a different account where you can trade micros, or 1 ounce or gold.

POSITION SIZE is VERY IMPORTANT.

Will you become rich doing this? no but you wont get rich the way you a going either, you...
hey richprayer, i am betting you're from the philippines.

anyways i used to trade with a broker that only offers full sized lots. i kept infusing more just so i wouldnt get margine called. i eventually withdrew my account. now i am trading with go markets. trading with microlots is actually fun and very efficient. fear, greed and pride are not factors when trading, which is usually the downfall of most newbies. greed makes you get into the market prematurely, fear makes get out too soon and both makes you hold on to a losing position. pride then pushes you to trade more in order to gain back what you have lost making you overtrade. that's the reason why its so easy to trade demo accounts and a lot painful to trade full size lots in live ones. trading live with microlots is pretty much like trading a demo. gains are a lot smaller than full size lots but they are almost always guaranteed. i will gradually increase lot sizes as my equity increases. will i get rich doing this? eventually i will
  • #13,070
  • Nov 12, 2011 3:11pm Nov 12, 2011 3:11pm
http://img412.imageshack.us/img412/7830/40352032.png
Uploaded with ImageShack.us
  • #13,071
  • Nov 12, 2011 3:15pm Nov 12, 2011 3:15pm
http://img39.imageshack.us/img39/7421/58796821.png
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  • #13,072
  • Nov 12, 2011 3:48pm Nov 12, 2011 3:48pm
Quoting Akhenaton
http://img192.imageshack.us/img192/3550/36252748.png
Uploaded with ImageShack.us
Hmmm... Are you trying to Spam or post a chart?
If you are trying to post a Chart, perhaps I can add assistance?

B
  • #13,073
  • Nov 12, 2011 3:54pm Nov 12, 2011 3:54pm
Quoting Bemac
Hmmm... Are you trying to Spam or post a chart?
If you are trying to post a Chart, perhaps I can add assistance?

B
Thank you my friend, this was not the appropriate forum upic.me now I'm using imageshack
  • #13,074
  • Nov 12, 2011 3:54pm Nov 12, 2011 3:54pm
Gold above 1,802 is a better than average Buy but I expect a little deflection Down from 1,795 Before it Gets to 1,800.

How does that help?
Watch AND Gauge the Drop from 1,795 Before you decide to Add or Introduce Longs.
If you are a Buyer, 1,777 Must Hold
Attached Image (click to enlarge)
Click to Enlarge Name: _nov 12 1795 level.gif Size: 26 KB

B
  • #13,075
  • Nov 12, 2011 4:00pm Nov 12, 2011 4:00pm
bemac
Is there an error in the counting, I think my friend Elliot
  • #13,076
  • Nov 12, 2011 4:12pm Nov 12, 2011 4:12pm
Quoting Akhenaton
bemac
Is there an error in the counting, I think my friend Elliot
Interesting Challenge of Methods.
Believe me when I say that that ALL I want to do is measure Methods.

Q.
Is there a Conflict between ELLIOT & ICCE?

B
  • #13,077
  • Nov 12, 2011 4:25pm Nov 12, 2011 4:25pm
http://img198.imageshack.us/img198/6084/45279096.png
Uploaded with ImageShack.us

2. PROBABILITY
A regular 5-wave, running the triangle B, consisting of regular 5-wave C of a zig-zag'i (W) following the 1829'u too which should not exceed one (X), and 1533.1 'i need to go through even if a tick is a (Y) Waiting. I do not think many in the bottom of 1533'un kayilacagini. Sometimes to have a very strong demand, 1533'te ending to a correction in the trend line will not hurt much.

As an alternative, just come up with a flat trend line around the end of a 3/3/5.
  • #13,078
  • Nov 12, 2011 5:42pm Nov 12, 2011 5:42pm
Quoting Sreym33
Hi. My suggestion is don't give up. Withdraw your cash, move to a broker that you can trade mini lots but don't trade just yet. Open a demo account and trade for a while until you are successful then start trading with real money but very small lots to get the feel of it because even though small money, you will introduce the emotion. Once you can trade with no emotion or at least some control of it, slowly increase your lot sizes. There is lots of money to be made here. Follow this thread, watch and learn. 9k is not a lot to make back....
Thankyou very much, im really appreciated your kindness. I pray for the luck of you.
My email is [email protected]
  • #13,079
  • Edited 6:07pm Nov 12, 2011 5:47pm | Edited 6:07pm
Quoting hermanforex
How do you trade with Gold, do you use round numbers like 2000 to take profits or trailing stops, I just want to know how you trade if you dont mind sharing?
Hope all the senior is not laughing at me.
Below is historical of my trade (but only part of it). I dun't know how to access my full trade since the downfall on September 2011.

http://imageshack.us/photo/my-imag
Attached Image (click to enlarge)
Click to Enlarge Name: historical.jpg Size: 261 KB
  • #13,080
  • Nov 12, 2011 6:12pm Nov 12, 2011 6:12pm
Quoting Ravissek
Go and found broker who could give you 0.1 lot trading.I have 7000 acc and i will never use 1.0 lot.Your broker is killing you
There is no broker that offer me micro lot, it is well known that "my country broker" every broker on my country is money sucking machine.

Btw i think i read somewhere, some one call me philipines?? And No, im not philipines, I'm Indonesian. Born and Raised 27 years on Indonesia.
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