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

dont agree with u
cant judge anyone with one post, his most posts accurate, anyone can be wrong .
share ur view, dont critise anyone
being on the right side is always great but no one can on the right side all the time

okanemici u r good trader, keep ur good work )))))))

stopped out of swingtrade, only weakness thus far today, time for regrouping: http://localsfoolsgold.blogspot.be/2...at-127420.html

AND ANOTHER - 10 USD swing back down testing 1275...

it can go to down 1265 which should hold by bulls if they want to take it upward

ok . they are pumping up stocks while pulling out from gold . so this drop ? will it stop here and later pump up gold after taking profits from stocks ?

ok . no pinbar for today .

I tend to like trading in the direction of the overall bias even if I don't agree with it.

For instance there are two things cooking here.

Overall bias continues to be slightly to the downside, so just looking to short HIGHS will work for now, but, I would also be looking to exit all of these trades around 1270 / 1250 at lowest. Likewise for safety I would set an order only for the day below a decent support like 1260/50 so 1243/5 to get picked up in anticipation of a breakout south.

The other is that even though everyone THINKS gold is super bearish the TRUTH is on the charts.
For OVER 2 MONTHS we have been moving SIDEWAYS.

SO AT THE SAME rate - I am going to buy the Lows with the anticipation of a breakout north after failed attempts at moving lower over months.

No one can say different because it's right here.
Topping out around
1360 - "resistance"
1315 appx - Pivot or median
1260 low "support"

So what happens, traders see a low dipping below 1260 and think "this is it!!! 1100 tomorrow" - when all they have done by selling the low or placing an order below
1260 for fill have gotten STUCK in a bear trap! As on the last on the price just went back up 100 bucks to 1360 now back down to 1270 something.

Likewise bulls are waiting on 1350 / 60 to crack, yet the steam just isn't there yet. The fundies are, but there is disconnect right now. So a nice long from 1250 could just the same turn into a break even if no profit was booked at 1350.

Flip flopping or the bias from short to long vice versa all the time, can create confusion at times especially in what has really become a flat 100 USD trading range
on the H4 - Until there is a decisive break in one of the highs or lows, that is then retested and REJECTED, meaning price continues in direction of the break,
too strong a bias is really useless.

Long term the trend is still up while the price is almost 1300
Mid term the trend has been to the downside, yet is stalled. NOT ruling out the possibility of a new low.
Short term is clearly sideways.

Lastly intraday, it's really just scalpers paradise with already 2 10 USD swings today with the possibility of breakouts in either direction on any given day.

This is not geared at you, yet for all, just a continuation of our discussion.

I have added lines red = top / gray dashed = appx median or pivot / green = bottom

sitting pretty

Many traders im sure would like to go with their gut feeling or to have an eye for PA
I put my faith instead in an anomaly or a set of indicators and back test until im blue in the face and then some more and then put it to practise

Consolidation is the killer for most strategies, its a finding them in testing and seeing that your strategy gets through the worst of it
Although i realize there are SR levels on daily, weekly and price levels its hard to incorporate that into technical strategies especially when recovering losses and one requires x amount of pips
hey ho i struggle on.
I do however have alot of faith in strategy 174 and 173, yes can you believe it i have that many of my one strategies, insane! but thats what 8 years gets you, and sadly with all the pain and loss i have incurred financial and health damages, 2014 is pay back time!!
Ill post as clearly as possible 173 calls/ observations

Welp,
I feel you mate.

I in turn am scalping now. Going to test this low.

SCALP/Daytrade - may have to hold this till tomorrow if I want to achieve 1285+ / the scalp really would just be a 5 USD target to 1277 done.
Long: 1272
Target 1285
Stop: 1265

Take it at your own risk.

Also setting sell below support incase of this resulting in a pullback failure.
I'll get picked up on the break - DOWN!

Why not,

Small trade.
Long silver now - appx 20.41
Target 20.65
stop below 20.30

what small range we have here...

This week's US news drivers. High and Med impact

I already have those two trades lol
xau, i took a larger trade at 1274
xag i have long at 20.42
i thought scalping was like 5-10 pips FX and 10-20 on xau, your aiming for 100 pips on xau,
thanks for the suggestion ill move psl to below 1265, i initially had tp at 1280 moving higher will give me enough to get out of all xau positions and focus on strategy 173

For scalps on XAU I look at it as Dollar movements in price. eg: 3 USD or 5 USD usually.

For silver anywhere around .10 cents right now, which is pushing it!

It also depends on what the daily market average is, and on how short of a TF you are scalping. I don't trade M1 or tick charts. Used to trade m1 no longer.

If we can expect 30 to 50 USD moves on gold a 10 USD move scalp is easily achievable.

But, the market is really tight. I always look for 3 to 5 for gold. If that can't be hit I won't trade.

Usually only scalp when the market is as tight as it is now. Otherwise I prefer swing / position trading.

Well, I clearly missed something, got stopped out http://localsfoolsgold.blogspot.be/2...at-127420.html and changed my point of view playing Madame Soleil wasn't too smart and overlooked short signal this morning. Looking for short now: http://localsfoolsgold.blogspot.be/...swingtrade.html

Hi Xtrade, so you are thinking its going to retrace back to around 61% of this drop today for your scalp?

Hi buddy, I it possible for you to cut and past the points you are trying to make - as you have already written them from your blog into your post?

Then put the plug somewhere as a signature, like "my blog" with a hyperlink?

I don't know what the rules are for plugging blogs here on FF are. BUT, for some - not all - but using this one as an example, would
have a greater ease of reading with the cut and past,
rather than for instance me saying "I took this trade it didn't work out www.XTRADEBLOGSPOT.com then I flipped it to "xxxxxxxxxxxxxxtrade.com"

I certainly understand if you want to show that you have timed and prior written analysis for validity reasons.
Yet, as I said for ease of reading and understanding for people, especially the newbies, it would make it a lot more easy.

I did check out your blog and seems you are doing a nice job of explaining and updating your call and analysis.

Yet, in all honesty, I don't even have the patience right now to click your links and see what you REALLY are trying to say. So unfortunately to post to some may be rendered useless.

JUST, so you know there is a spot on your homepage or TWO spots to link your blog/s not even having to become a commercial only member here on tha FUN FACTOR!!!!

YOU - I believe also in addition to the links just make a signature saying for further analysis please visit www.xxxxxxxtradexxxx555.com or see they hyperlinks on my thread!

PLEASE D O N O T LET THIS DISCOURAGE YOU FOR POSTING suggestion for ease of reading by other members.
"thumbsup" Mate!

Glad to see you aboard the ship !

XT-

Morning all,

As far as i'm aware FF considers repeated links to an external blog as "commercial" activity and will reclassify the member accordingly. Hence they will subsequently not be able to post here. This is what some other members have xperienced, so perhaps a cut&paste strategy with no external link is better for you @cvds16?

i think so it will range trading 1265 to 1300 until minutes , if not broken range on meeting minutes, whole week market will move in this range . for today n tomorrow until meeting minutes , it will move between 1261 to 1294
have a nice trading

can u try including a chart for clarity with your comments on the blog ?