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

  • #26,741
  • Oct 17, 2013 6:56am Oct 17, 2013 6:56am
Quoting Fidza
{quote} Never fails to amaze , price goes down ,its manipulation. Price goes up its on its way to US$ 5000 an ounce. Nevermind technicals and fundamentals or even a clear trend line that's been in place since October 2012.
Mock and ignore reality as you wish. It's your money to lose.
You can always make money tomorrow provided you don't lose it today.
  • #26,742
  • Oct 17, 2013 7:34am Oct 17, 2013 7:34am
All targets hit & now we may have divergence.?? Time to go Short.??
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Money Makes Money
  • #26,743
  • Oct 17, 2013 7:51am Oct 17, 2013 7:51am
So long as we don't go above 1323, there may be a speed bump at 1307 & major support at 1288...Above 1323 & we will have to seek targets to the North.
5 min chart....
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Money Makes Money
  • #26,744
  • Oct 17, 2013 8:06am Oct 17, 2013 8:06am
Quoting KiwiOz
All targets hit & now we may have divergence.?? Time to go Short.?? {image}
I like the look of your chart, the magnetic trader is that de marker lines, are they inserted automatically?
I read a bit on the ff thread but if theres a thread that goes over my head its that one.

Im confident xau is an upward climb, ill look to buy again at 1303 sl 1297
  • #26,745
  • Oct 17, 2013 8:11am Oct 17, 2013 8:11am
i also look gold's movement going northeast. gonna wait
Pecuniae obediunt omnia
  • #26,746
  • Oct 17, 2013 8:13am Oct 17, 2013 8:13am
Quoting JayPipin
{quote} I like the look of your chart, the magnetic trader is that de marker lines, are they inserted automatically? I read a bit on the ff thread but if theres a thread that goes over my head its that one. Im confident xau is an upward climb, ill look to buy again at 1303 sl 1297
All lines are done manually. Lets just say they are "based" on the DeMark system.
.I have developed my own way of using this system. So just ignore my posts if they get your knickers in a twist..Lol....Cheers
Money Makes Money
  • #26,747
  • Oct 17, 2013 8:25am Oct 17, 2013 8:25am
Quoting KiwiOz
{quote} All lines are done manually. Lets just say they are "based" on the DeMark system. .I have developed my own way of using this system. So just ignore my posts if they get your knickers in a twist..Lol....Cheers
Nice work, so what about your XAU short positions are they based on your system? for example your 2 shorts below 1280.. how do you plan to get out or break even with the other shorts you now have?
  • #26,748
  • Oct 17, 2013 8:26am Oct 17, 2013 8:26am
Can you guys tell me the gold price hit 1244.94 today? Alpari MT4 hit that low today but i found on the internet the lowest today was just 1274.... Does anyone trade with Alpari broker ? Could you guys tell me the true?
  • #26,749
  • Oct 17, 2013 8:36am Oct 17, 2013 8:36am
I have an account with Alpari NZ, and Alpari UK among others and none of them have a low below 1274 ish for today 17/10
  • #26,750
  • Oct 17, 2013 8:37am Oct 17, 2013 8:37am
Quoting Tran Huu Son
Can you guys tell me the gold price hit 1244.94 today? Alpari MT4 hit that low today but i found on the internet the lowest today was just 1274.... Does anyone trade with Alpari broker ? Could you guys tell me the true?
Hi Tran,
I have an account with them Alpari uk, for various reasons however the lowest on my chart I 1251.54 saying that I think it also depends on broker margin if you got hit might need clarification on that...hope it helps - note for SL or TP is your choice but plus margin plus spread I think is how it goes
  • #26,751
  • Oct 17, 2013 8:38am Oct 17, 2013 8:38am
Quoting Tran Huu Son
Can you guys tell me the gold price hit 1244.94 today? Alpari MT4 hit that low today but i found on the internet the lowest today was just 1274.... Does anyone trade with Alpari broker ? Could you guys tell me the true?
Here is a screen shot
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  • #26,752
  • Oct 17, 2013 8:41am Oct 17, 2013 8:41am
Is there any news to come today which shall create lightning effects? If so what time will we hear the thunder?
  • #26,753
  • Oct 17, 2013 8:43am Oct 17, 2013 8:43am
not much left in the tank but here are the last big ones for the day:

4:00pm USD Philly Fed Manufacturing Index

6:45pm USD FOMC Member Evans Speaks

USD FOMC Member George Speaks
  • #26,754
  • Oct 17, 2013 8:43am Oct 17, 2013 8:43am
Quoting Tran Huu Son
Can you guys tell me the gold price hit 1244.94 today? Alpari MT4 hit that low today but i found on the internet the lowest today was just 1274.... Does anyone trade with Alpari broker ? Could you guys tell me the true?
Yes Alpari UK does this at 13:30 GMT on Thursday usually all the time.
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To live a successful life, we must lose our fear of being wrong
  • #26,755
  • Oct 17, 2013 8:49am Oct 17, 2013 8:49am
Quoting JayPipin
{quote} Nice work, so what about your XAU short positions are they based on your system? for example your 2 shorts below 1280.. how do you plan to get out or break even with the other shorts you now have?
Got caught with my pants down. Happened while I was asleep. Never mind I am content to let it come back to me. Hedging helps when this happens. So long as Gold comes back to around 1280 I will at least break even on those trades. If not I will still be at least 25% up for the month. This is where having heaps of equity comes in handy. Also. As I have stated before. No matter how good the system. You have to be going in the right direction to have your TPs hit. Cheers
Money Makes Money
  • #26,756
  • Oct 17, 2013 9:02am Oct 17, 2013 9:02am
Quoting EatPIPs
{quote} Yes Alpari UK does this at 13:30 GMT on Thursday usually all the time. {image}
thats outrageous, are you and Tran going to take it upstairs? complain, and perhaps leave them crooks. I know one or two that did that occasionally so i hit the door fast.

Kiwi i get scaling in but its not worked for me in the past, i do not like SL but i get out after x amount of bars. i like the look of what your up to but i have a full plate at the moment.. is gold about to pop
  • #26,757
  • Oct 17, 2013 9:05am Oct 17, 2013 9:05am
Quoting Tran Huu Son
Can you guys tell me the gold price hit 1244.94 today? Alpari MT4 hit that low today but i found on the internet the lowest today was just 1274.... Does anyone trade with Alpari broker ? Could you guys tell me the true?
Unsure about EatPIPs but here is my chart, daily...drew a line under lowest point as you can see didn't touch 1244 via my eyes unless I truly do need some specs - lol
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  • #26,758
  • Oct 17, 2013 9:10am Oct 17, 2013 9:10am
sir..
i am short ,,what i have to do now??
help please
  • #26,759
  • Oct 17, 2013 9:10am Oct 17, 2013 9:10am
Hey Chaps! Anyone get long on the dipski to 1260??

Here is some commentary links for what's going on today, should be pretty volatile most of the day.

Also important to note the US debt ceiling was only raised for 4 months according to what I heard. Sounds like a bandaid.

Amazing silver is still just sitting below 22.....


When to expect shutdown-delayed economic data






A.M. Kitco Metals Roundup: Gold Sharply Higher On Heavy Short Covering, Plunge In U.S. Dollar Index



Gold Soars On Softer Dollar, Physical Demand, U.S. Downgrade By Chinese Agency






Dollar Slides Despite U.S. Fiscal Deal

Here's the board at current.
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #26,760
  • Oct 17, 2013 9:13am Oct 17, 2013 9:13am
So that it is dangerous to trade with forex, it is not fair. Now, i know why most traders are losers because brokers will show any price if they are profitable. Even your account can stand with thousands of pips. It would be a losing game for players. Now, i need for all my money back and just play with my pleasure time.

Good luck you guys.
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