XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 671 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #13,401
  • Nov 21, 2011 6:45am Nov 21, 2011 6:45am
Quoting fawaol
XTrade going to buy dips - it's a strong reason for me to avoid shorts

Situation is not clear. I'd say there is a risk of further fall.

PS There is the uptrend line on H4 & Daily. Keep tight stops anyway you long or short.
Where you see uptrend?
Xtrade is pro.I am a noob.This is the difference
I would like know howm mouch money he make on gold
I am the same every month....same amount
  • #13,402
  • Nov 21, 2011 6:49am Nov 21, 2011 6:49am
Quoting Ravissek
Where you see uptrend?
Xtrade is pro.I am a noob.This is the difference
I would like know howm mouch money he make on gold
I am the same every month....same amount
Ok ok ok...bu it may become a trendline after third touch....
...according to my terminology
Attached Image (click to enlarge)
Click to Enlarge Name: auupchannel.jpg Size: 113 KB
  • #13,403
  • Nov 21, 2011 7:09am Nov 21, 2011 7:09am
Ny opening soon, going to be very interesting to see what happens then...

I have a feeling down today (or maybe fairly static) and down until options expire and back up on on the 23rd

question is how far down today?
  • #13,404
  • Nov 21, 2011 8:12am Nov 21, 2011 8:12am
Quoting fawaol
Ok ok ok...bu it may become a trendline after third touch....
...according to my terminology
your write style kills me !
  • #13,405
  • Edited 8:25am Nov 21, 2011 8:22am | Edited 8:25am
out with +10 pips on the long.

entry 1700, exit 1711.

scalping.... feels good !
  • #13,406
  • Nov 21, 2011 8:35am Nov 21, 2011 8:35am
Quoting whatfx
out with +10 pips on the long.

entry 1700, exit 1711.

scalping.... feels good !
what lots you trade? 10pips means different money for each of us.
Good job
I was scalping on breakfast and good too.
Green pips to you.
  • #13,407
  • Nov 21, 2011 8:46am Nov 21, 2011 8:46am
Quoting whatfx
........

scalping.... feels good !
Yup, right up until a big move happens without you.
  • #13,408
  • Nov 21, 2011 9:03am Nov 21, 2011 9:03am
Quoting Ravissek
what lots you trade? 10pips means different money for each of us.
Good job
I was scalping on breakfast and good too.
Green pips to you.

£10 per pip i trade. depends on how confident iam of the trade. this one was a buy on the 5min at around 11 london time.

but the overall scenario was a sell. i couldnt risk it. i waited until the round figure of 1700 was reached, then went for the kill, i mean a buy ..!

i just knew it had to go up by at least a few pips, cos there was a huge rejection at 1700 and a hammer formation on the 5 min chart. i knew i could get a few pips , so went for £10 a pip.

if my confidence level was low, would have probably gone for £5 per pip.


tempted to enter a buy again now as it has reached 1700 again. it seems to be a good support point. we'll see....
  • #13,409
  • Nov 21, 2011 9:04am Nov 21, 2011 9:04am
Quoting SunTrader
Yup, right up until a big move happens without you.

dont worry i catch the big moves too, on seperate trades. i keep my swing trading seperate from scalping.....
  • #13,410
  • Nov 21, 2011 9:06am Nov 21, 2011 9:06am
and you trading eurusd too or only gold.And how aboutr your profit factor?
how long you tading? And hows your starts?
What capital you started with?
I am rly curious I know :-)
But I want to know how to be better in this and i want to listen some pro's.
  • #13,411
  • Nov 21, 2011 9:07am Nov 21, 2011 9:07am
Quoting SunTrader
Yup, right up until a big move happens without you.
I have one buy opened everytime.And i think it just sux.
Scalping is better.Just open with trend make money and go off.
  • #13,412
  • Nov 21, 2011 9:28am Nov 21, 2011 9:28am
1700-1702 is holding, for now. I expect further down move 1690 then possibly 1640.
  • #13,413
  • Nov 21, 2011 9:32am Nov 21, 2011 9:32am
Quoting SunTrader
1700-1702 is holding, for now. I expect further down move 1690 then possibly 1640.

Hi Suntrader.

Why do you expect this?

Thanks
GMS
  • #13,414
  • Nov 21, 2011 9:36am Nov 21, 2011 9:36am
Quoting Ravissek
and you trading eurusd too or only gold.And how aboutr your profit factor?
how long you tading? And hows your starts?
What capital you started with?
I am rly curious I know :-)
But I want to know how to be better in this and i want to listen some pro's.

you have a lot to learn my friend.

i trade mainly eu and gu on the currencies. but i observe the other pairs also, like usdjpy, audusd and so on. if i see a good probability trade coming up on any of the other pairs, that is highly likely to succeed, i will go for it. usually on the higher timeframes.
i usually trade with the trend and leave trades open for a few hours or even few days. i make good pips regularly.

scalping was never my thing. i hated it, used to give me a headache, and i used to lose pips faster than you can say cheese. however two months ago after developing a scalping system of my own, i decided to tame the beast. gave it a try and it was pretty good.since then have been scalping the eu occasionally with phenominal success for the past two months.
i only scalp occasionally though, as it still gives me a headache !

scalping gold aint too bad, as the movements are small enough. never had a problem scalping gold.


i must admit, i have made more money on trading gold than the currencies. i believe you can never go wrong with gold, you can always rely on it to bring in those pips !

as to how many pips i make. ssshhh....that would be telling.

but iam very conservative, i believe in making profits every week so i go for smaller number of pips. consistent pips every week is the key to making money. aiming for higher pips usually makes me lose. for your info, last week i made around 160 pips. the week before that only 75 pips. but my aim is to profit every week, even if it is by small number of pips.

remember this, the key to being successful in this field is good money management and controlling ones emotions (fear, greed, overtrading). the rest usually follows..


  • #13,415
  • Nov 21, 2011 9:53am Nov 21, 2011 9:53am
Quoting Goldmansacks
Hi Suntrader.

Why do you expect this?

Thanks
GMS
Elliott Wave count.
Attached Image (click to enlarge)
Click to Enlarge Name: XUew.png Size: 21 KB
  • #13,416
  • Nov 21, 2011 9:55am Nov 21, 2011 9:55am
Oh and my broken record saying Stocks are going down so so should Gold.
  • #13,417
  • Nov 21, 2011 9:59am Nov 21, 2011 9:59am
Quoting hkc_645
I think can go short open for 1680 1660
coming soon
  • #13,418
  • Nov 21, 2011 10:04am Nov 21, 2011 10:04am
Quoting SunTrader
Oh and my broken record saying Stocks are going down so so should Gold.

everything is going down. my watchlist is a sea of red. nothing but red.

it seems we are in armageddon...
  • #13,419
  • Nov 21, 2011 10:06am Nov 21, 2011 10:06am
I think things are starting to stabilize. For now.

Maybe because Germany is closing for the trading day, no more downside for US stocks?

Who knows.
  • #13,420
  • Nov 21, 2011 10:10am Nov 21, 2011 10:10am
Quoting whatfx
you have a lot to learn my friend.

i trade mainly eu and gu on the currencies. but i observe the other pairs also, like usdjpy, audusd and so on. if i see a good probability trade coming up on any of the other pairs, that is highly likely to succeed, i will go for it. usually on the higher timeframes.
i usually trade with the trend and leave trades open for a few hours or even few days. i make good pips regularly.

scalping was never my thing. i hated it, used to give me a headache, and i used to lose pips faster than you can say cheese....
I never used to be good in moneymanagment,i fail on eurusd with my 2k acc.
Now i am on gold and i am hedging instead of making any money managment,my problem is close trade in loss.
So i am waiting now and i have one buy at 1800,second at 1737.
Lok at me i have buys at the momentaly tops.
Short at 1690 now.
How was your starting capital on trading?
Do you think key to sucess is know price action?
77 traders viewing now