XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1465 | Metals Mine

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

  • #29,281
  • Nov 28, 2013 1:55am Nov 28, 2013 1:55am
Quoting hamidshah.pk
{quote} Dear, I think u have a position in oil too, so what r u going to do with it. Stop Loss or wait for the upward move.
Yes, still under the water, but I will hold and thinking it will go back to 95. If it break below 91.50 today, I will think about covering it.
  • #29,282
  • Nov 28, 2013 2:08am Nov 28, 2013 2:08am
Just cover a little part of my long @ 1242.30. Btw, it could be interesting to sell EUR from now 1.3610-1.3640, target 1.34
  • #29,283
  • Nov 28, 2013 2:24am Nov 28, 2013 2:24am
That looked like a nice push up by London to get some sell orders in the market, anyone else thinking the same?
insideBars==boss
  • #29,284
  • Nov 28, 2013 2:39am Nov 28, 2013 2:39am
Quoting adamjn
That looked like a nice push up by London to get some sell orders in the market, anyone else thinking the same?

I thought that this was the gold thread...
You win, you lose. All else is history. The future does not exist.
  • #29,285
  • Nov 28, 2013 2:43am Nov 28, 2013 2:43am
Quoting The Rhodie
{quote} I thought that this was the gold thread...
I am talking about gold...
insideBars==boss
  • #29,286
  • Nov 28, 2013 2:45am Nov 28, 2013 2:45am
Possible that today we could test 1225 or even lower. I wont count the rally to 1242.3 as a signal of up trend as I see it as a correlated move of EUR/USD and GBP/USD.
  • #29,287
  • Nov 28, 2013 3:00am Nov 28, 2013 3:00am
Price is now very close to down TL on the 4H chart. Breaking point is now at 1244. Failure to break this point might bring gold lower for the rest of the day. However, if PA manages to break it, it may continue up to 125x.
  • #29,288
  • Nov 28, 2013 3:13am Nov 28, 2013 3:13am
Has anyone else seen the geometry in this? This is today in the blue box for the trading hours based on GMT times. You will notice that today's trade is based entirely upon the US pm session from yesterday and only broke lower during the Australian influence. What does that say to you?

Attached Image (click to enlarge)
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You win, you lose. All else is history. The future does not exist.
  • #29,289
  • Nov 28, 2013 3:28am Nov 28, 2013 3:28am
Load more longs...
  • #29,290
  • Nov 28, 2013 3:38am Nov 28, 2013 3:38am
Her's a rather interesting view of the market using manual pattern recognition. The Aqua blue lines demonstrate potential turning points of the market for a new leg.
Attached Image (click to enlarge)
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You win, you lose. All else is history. The future does not exist.
  • #29,291
  • Edited 4:23am Nov 28, 2013 3:53am | Edited 4:23am
Quoting adamjn
That looked like a nice push up by London to get some sell orders in the market, anyone else thinking the same?
Until our Precious comes out the channel I'm staying short

http://ubuntuone.com/4kyn4ev5UFcvlfYhrhz0ix
cryptocurrency everytime
  • #29,292
  • Nov 28, 2013 4:19am Nov 28, 2013 4:19am
My today's target is 1223 (R/R=2.45)
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  • #29,293
  • Nov 28, 2013 4:22am Nov 28, 2013 4:22am
Looks like testing 1240 now, not many buyers, small volume...

Will cover most of my longs in the next high, and trade with small volume today... Dont feel confident...
  • #29,294
  • Nov 28, 2013 4:24am Nov 28, 2013 4:24am
Quoting TheArcher
range play . stocs oversold .... rise ? {image}
.
Attached Image(s) (click to enlarge)
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  • #29,295
  • Nov 28, 2013 4:26am Nov 28, 2013 4:26am
Quoting TheArcher
{quote} . {image} {image}
Seems like we are in a slightly up trend range and support is found @ 1241 now, but dont know how strong it is...
  • #29,296
  • Nov 28, 2013 4:29am Nov 28, 2013 4:29am
Quoting The Rhodie
Her's a rather interesting view of the market using manual pattern recognition. The Aqua blue lines demonstrate potential turning points of the market for a new leg. {image}
i notice that it is a one minute chart .

is this how it behaves every time ? day in day out ?
  • #29,297
  • Nov 28, 2013 4:30am Nov 28, 2013 4:30am
Quoting LarryLU
{quote} Seems like we are in a slightly up trend range and support is found @ 1241 now, but dont know how strong it is...
I think we have un height at 1244.7 and after, the price go down to 1223.
  • #29,298
  • Nov 28, 2013 4:38am Nov 28, 2013 4:38am
Quoting TheArcher
{quote} i notice that it is a one minute chart . is this how it behaves every time ? day in day out ?
Pretty much. I gave up trading on 15 min and higher charts because they are so inaccurate. My trades are precise and carry far less risk so my stops are NEVER more than 15 pips away and there fore never lose much. Once market moves in my favour I move my stop to 1 pip above my entry until I close it. I never use TP as it limits my earning potential drastically. One of my Longs has been going for weeks now.
You win, you lose. All else is history. The future does not exist.
  • #29,299
  • Nov 28, 2013 4:42am Nov 28, 2013 4:42am
I use 1M charts in most case also. Higher TF chart as tool to see potential R/S and draw trend lines.
  • #29,300
  • Nov 28, 2013 4:44am Nov 28, 2013 4:44am
Amazing to see that the first pattern was almost predictive of the market turn point. It was out by 2 pips which is within the variable tolerance level I expect from them usually. I sometimes use them for picking my turning points based on them and they are fairly accurate most of the time. They work on most time scales under H4
You win, you lose. All else is history. The future does not exist.
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