XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1448 | Metals Mine

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

  • #28,941
  • Nov 26, 2013 6:29am Nov 26, 2013 6:29am
one buy order market price now done & one more pending buy order at 1244
  • #28,942
  • Nov 26, 2013 6:31am Nov 26, 2013 6:31am
Quoting Elpidius
{quote} Okay. Thank you for the advice. I will think carefully about it. You're right, I didn't stick to my rules. However I'm not a scalper or a day trader. I'm a short-term trader, and because of the volatility of gold I put my stop loss greater than 15 pips. By the way, what is the name of the book that you were talking about?
I don't remember, sorry buddy. Something about "how to become wealthy".

This gold move was because of the BoE Governor's review. Just finished. All' well in the world now. maybe going long is an option, but I don't trust the market now.
You win, you lose. All else is history. The future does not exist.
  • #28,943
  • Nov 26, 2013 6:32am Nov 26, 2013 6:32am
Quoting The Rhodie
{quote} LoD is currently at 1249.81. You went short at the LoD. That would have been an amazing entry to go long because it's within 5% of the Low. Basically this means you are already losing and hopin you will make money. This is a failure if you have not put a stop in place to protect your equity no more than 15 pips / $1.50 away @1252.36. Maybe your gamble will pay off, or maybe it won't. It is a very bad idea to gamble on gold. Gold will move $25 in one candle and slip you bill of $25 x your bet if you are wrong. How much you are willing to...

WTF ???? totally wrong or ???
  • #28,944
  • Nov 26, 2013 6:45am Nov 26, 2013 6:45am
Quoting LaLinea
{quote} WTF ???? totally wrong or ???
Totally wrong??? Wtf? Yes, exactly. Going short below the market at the low of the day and the market is trading near the average middle high would be silly. I was discussing a smiple rule example of how obeying a rule can prevent you from taking big losses because the market moves against you in the opposite direction. It was not advice to go long, but where it could be possible to go long and how those rigid rul;es you set make or break you as a trader.
You win, you lose. All else is history. The future does not exist.
  • #28,945
  • Nov 26, 2013 6:47am Nov 26, 2013 6:47am
I would love to see people discussing the dragon-kings and black swans in this market. I have no idea what the formul;a is for predicting them, but it would be interesting.
You win, you lose. All else is history. The future does not exist.
  • #28,946
  • Nov 26, 2013 6:51am Nov 26, 2013 6:51am
2nd short @ 1248.50. tight stop, if price do not drop in 30 mins, will think cut short.
  • #28,947
  • Nov 26, 2013 6:56am Nov 26, 2013 6:56am
Quoting LarryLU
2nd short @ 1248.50. tight stop, if price do not drop in 30 mins, will think cut short.
Good luck with that. I hope it works. I'm wondering if it's not a better idea to go long. just waiting to see if mkt tests the low or breaks it, patience is a virtue... and a balance saver.
You win, you lose. All else is history. The future does not exist.
  • #28,948
  • Nov 26, 2013 6:58am Nov 26, 2013 6:58am
Hi All,

Price dropped a bit but I think I has a little bit more to go. I am targeting 1242 for tp and ready to enter longs.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 21 KB



This is yesterdays naked poc line and we may also have a bullish div. We already have hidden bullish div from the middle of the swing up yesterday.

My new out look is support at 1241 and taking all the way to 1300 in the next 10 days including weekend
  • #28,949
  • Nov 26, 2013 7:02am Nov 26, 2013 7:02am
Seems like still room for further drop. Will adjust SL before US data.
  • #28,950
  • Nov 26, 2013 7:03am Nov 26, 2013 7:03am
Long from 1246.43. Tight stop 1245.85
You win, you lose. All else is history. The future does not exist.
  • #28,951
  • Nov 26, 2013 7:06am Nov 26, 2013 7:06am
long @ 1247.84
  • #28,952
  • Nov 26, 2013 7:07am Nov 26, 2013 7:07am
Quoting The Rhodie
Long from 1246.43. Tight stop 1245.85

Stop moved to safety: 1246.53.
You win, you lose. All else is history. The future does not exist.
  • #28,953
  • Nov 26, 2013 7:09am Nov 26, 2013 7:09am
Now gold rockets!
You win, you lose. All else is history. The future does not exist.
  • #28,954
  • Nov 26, 2013 7:10am Nov 26, 2013 7:10am
Quoting The Rhodie
Long from 1246.43. Tight stop 1245.85

where is ur TP Rhodie
  • #28,955
  • Nov 26, 2013 7:11am Nov 26, 2013 7:11am
Looking to go short at next right timing... I use a FIFO system broker, so no hedging :-(
You win, you lose. All else is history. The future does not exist.
  • #28,956
  • Nov 26, 2013 7:17am Nov 26, 2013 7:17am
Short 1248.51 (Closd previous trade) Stop at 1249.45
You win, you lose. All else is history. The future does not exist.
  • #28,957
  • Nov 26, 2013 7:23am Nov 26, 2013 7:23am
No TP on my account. Ever. I can see my trades go on for weeks at a time when they are good.
You win, you lose. All else is history. The future does not exist.
  • #28,958
  • Nov 26, 2013 7:25am Nov 26, 2013 7:25am
In my view Building Permits will not leave a Significant impact on the market, only a short term variation can be seen. CB Consumer Confidence data is important. All delayed data have not put a strong impact on market.
  • #28,959
  • Nov 26, 2013 7:27am Nov 26, 2013 7:27am
Quoting hamidshah.pk
In my view Building Permits will not leave a Significant impact on the market, only a short term variation can be seen. CB Consumer Confidence data is important. All delayed data have not put a strong impact on market.
I would say since this week has no major event, the gold is very vulnerable to dollar. This data still has some impact on dollar, so some limited or medium impact on gold.
  • #28,960
  • Nov 26, 2013 7:27am Nov 26, 2013 7:27am
Quoting The Rhodie
{quote} Stop moved to safety: 1246.53.
loosing trade
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