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

  • #13,981
  • Dec 7, 2011 8:15am Dec 7, 2011 8:15am
would Crude Oil Inventories have any impact on gold price?
  • #13,982
  • Dec 7, 2011 8:27am Dec 7, 2011 8:27am
whats the best indicator to spot golds trend?
Thanks
  • #13,983
  • Dec 7, 2011 8:28am Dec 7, 2011 8:28am
Quoting dannies
whats the best indicator to spot golds trend?
Thanks
Simple. Price.
  • #13,984
  • Dec 7, 2011 8:47am Dec 7, 2011 8:47am
Quoting dannies
whats the best indicator to spot golds trend?
Thanks
See SMA 200 in D1 and W1 time frames.
You should can develop them.
EKO
  • #13,985
  • Dec 7, 2011 8:56am Dec 7, 2011 8:56am
well, should have taken the profit at 1721 when i had the chance. too late now. got stopped out for - 4 pips. oh well...
  • #13,986
  • Dec 7, 2011 9:05am Dec 7, 2011 9:05am
Quoting whatfx
well, should have taken the profit at 1721 when i had the chance. too late now. got stopped out for - 4 pips. oh well...
same happened to me but i just set B/E before the jump back up. thought for sure it was gonna drop. not sure what caused the jump, maybe the ECB news, but I'm out for now until it crosses 1740 or falls back to 1715.
1735 at time of writing. still looking long, to 1800ish in next few days expecially after yesteday's daily candle.
  • #13,987
  • Dec 7, 2011 9:09am Dec 7, 2011 9:09am
Quoting Sreym33
same happened to me but i just set B/E before the jump back up. thought for sure it was gonna drop. not sure what caused the jump, maybe the ECB news, but I'm out for now until it crosses 1740 or falls back to 1715.
1735 at time of writing. still looking long, to 1800ish in next few days expecially after yesteday's daily candle.
does anyone know what caused the jump ?
  • #13,988
  • Dec 7, 2011 9:12am Dec 7, 2011 9:12am
Quoting SunTrader
Simple. Price.
ho ho ho

that is the best answer ever.

dont look for indis buddy, DO NOT repeat like most traders did i nthe beginning for their indicator hunt, i beg u its a deadly road of death...

they DO NOT TRIGGER AND SHOULD NOT BE USED to trigger BUYING/SELLING opps.

go with price action with a little other stuff like trendlines, or gann or elliot wave, or fibonacci, and supply demand and stuff.

but indicators....

i suggest dont go hunting. i have a firend who traded already for a year, longer than i have traded (am only 4 months into this fx trading) and he keeps going for that magic indi changing systems every week or so, and loses LIVE ACCOINT MONEY, he holds losing trades thinking theyd go his way and all,

me included 1st month of trading i went for zigzags, stochs and looked all over ff and googled for mt4 indicators, tried them all out and live account BOOM on my 1st account.



so i suggest PA trading with some other methods of price.

like what sunt said, price says all.
Have I got something on my face, SOLDIER?
  • #13,989
  • Dec 7, 2011 9:17am Dec 7, 2011 9:17am
how do you trade with price? i am confused.. pls advice..
  • #13,990
  • Dec 7, 2011 9:23am Dec 7, 2011 9:23am
i have shorted again. need to recover the 4 pips i lost on the last one. GRRRR.....! i hate losing.



tp just 5 pips for now....
  • #13,991
  • Dec 7, 2011 9:30am Dec 7, 2011 9:30am
Quoting dannies
whats the best indicator to spot golds trend?
Thanks
Price
  • #13,992
  • Dec 7, 2011 9:31am Dec 7, 2011 9:31am
Quoting whatfx
i have shorted again. need to recover the 4 pips i lost on the last one. GRRRR.....! i hate losing.
watch the overtrading, it jumped for a reason, i don't think i'll be short going into the ECB meeting.
  • #13,993
  • Dec 7, 2011 9:43am Dec 7, 2011 9:43am
Quoting bumapatria
ho ho ho

that is the best answer ever.

dont look for indis buddy, DO NOT repeat like most traders did i nthe beginning for their indicator hunt,
exactly me at the beginning " pls i need advice pls i need best indicator for trading "
i was repeating it every day.My forex starts lol
I think only useful indicator is Volume.
I dont trade with indies.
Read this and you will be good trader if you use it correctly."
This PDF will help you More than any Indicator i think =)

File format: PDF (392 pages)
File size: 52 MB
http://www.filefactory.com/file/cba0...Everything.PDF
  • #13,994
  • Dec 7, 2011 9:44am Dec 7, 2011 9:44am
he he. got my 5 pips ! recovered the 4 pips i had lost.

now looking to short again....
  • #13,995
  • Dec 7, 2011 9:45am Dec 7, 2011 9:45am
Quoting whatfx
.... need to recover the 4 pips i lost on the last one. GRRRR.....! i hate losing.....
Revenge trading usually gets you more of the same.
  • #13,996
  • Dec 7, 2011 9:48am Dec 7, 2011 9:48am
Quoting SunTrader
Revenge trading usually gets you more of the same.
as i said, i hate losing.

  • #13,997
  • Edited 12:29pm Dec 7, 2011 9:55am | Edited 12:29pm
I have a "feeling" we will see some decisive movement over next few days, ie 8th, 9th, 10th or 12th 13th this Month.. A direction at least. I am bullish, but could imagine a fakie down first followed up move towards/past $1800.
  • #13,998
  • Dec 7, 2011 9:58am Dec 7, 2011 9:58am
Quoting Goldmansacks
I have a "feeling" we will see some decisive movement over next few days, ie 8th, 9th, 10th or 11th this Month.. A direction at least. I am bullish, but could imagine a fakie down first followed up move towards/past $1800.
you are bullish ? well, i have just shorted again....swing trade will leave open for longer until in profit.
  • #13,999
  • Dec 7, 2011 10:09am Dec 7, 2011 10:09am
Quoting whatfx
you are bullish ? well, i have just shorted again....swing trade will leave open for longer until in profit.
At least your providing liquidity. I'll give you that much....
  • #14,000
  • Dec 7, 2011 10:09am Dec 7, 2011 10:09am
Quoting SunTrader
Revenge trading usually gets you more of the same.
Exactly what came to my mind i have experienced it in stocks.
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