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

  • #29,781
  • Dec 5, 2013 9:36pm Dec 5, 2013 9:36pm
Quoting fx4money
waiting for opportunity to buy gold, maybe after europe open
Which target would you like to entry long order guy?? May be lower than 121x?
  • #29,782
  • Dec 5, 2013 9:41pm Dec 5, 2013 9:41pm
Quoting fx4money
waiting for opportunity to buy gold, maybe after europe open
It means you are waiting for the Gold to go down, if u r that sure then why cannot you Sell it here.
  • #29,783
  • Dec 5, 2013 10:16pm Dec 5, 2013 10:16pm
Quoting adamjn
{quote} Here is another screenshot, this is happening right now, also M1 and M5 from NetDania charts as my broker isn't really recording ticks at this time of the night. EDIT: Last chart is after... I actually think this is short building, an order is made, price drops, comes back up, another sell put in, down, comes back up, another sell, price goes down... and so on. {image} {image} {image} {image}
You can make money from these spikes as long as your entry is fast enough and the spike is bigger than your spread.
  • #29,784
  • Dec 5, 2013 10:22pm Dec 5, 2013 10:22pm
Quoting fx4money
waiting for opportunity to buy gold, maybe after europe open
please show your analysis
  • #29,785
  • Dec 5, 2013 10:22pm Dec 5, 2013 10:22pm
Quoting ikdenk
{quote} You can make money from these spikes as long as your entry is fast enough and the spike is bigger than your spread.
You couldn't make a penny from them unless you got a robot to trade them, even at that, your spread would need to be about 0.001 lol.
insideBars==boss
  • #29,786
  • Edited Dec 6, 2013 1:19am Dec 5, 2013 10:42pm | Edited Dec 6, 2013 1:19am
Quoting fx4money
waiting for opportunity to buy gold, maybe after europe open
I have a buy open from earlier at 1211.31

NFP comes out today also, so maybe worth watching out for. It gives bearish news for it on MyFxBook, so hoping the USD falls and which should give gold a nice boost.
insideBars==boss
  • #29,787
  • Dec 6, 2013 12:58am Dec 6, 2013 12:58am
Daily analysis of gold: Long term for gold is looking positive. I believe it has bottomed and is now going bull for a few weeks possibly. The patterns there tell me we have a good chance to see it go north for a while, but how long? I don't know.
You win, you lose. All else is history. The future does not exist.
  • #29,788
  • Dec 6, 2013 1:01am Dec 6, 2013 1:01am
Quoting The Rhodie
Daily analysis of gold: Long term for gold is looking positive. I believe it has bottomed and is now going bull for a few weeks possibly. The patterns there tell me we have a good chance to see it go north for a while, but how long? I don't know.
1700
  • #29,789
  • Dec 6, 2013 1:18am Dec 6, 2013 1:18am
Quoting The Rhodie
Daily analysis of gold: Long term for gold is looking positive. I believe it has bottomed and is now going bull for a few weeks possibly. The patterns there tell me we have a good chance to see it go north for a while, but how long? I don't know.
Any reason sir?? Asia session show the up moving??? I don dont know why?
  • #29,790
  • Dec 6, 2013 1:20am Dec 6, 2013 1:20am
Quoting The Rhodie
Daily analysis of gold: Long term for gold is looking positive. I believe it has bottomed and is now going bull for a few weeks possibly. The patterns there tell me we have a good chance to see it go north for a while, but how long? I don't know.
Banking on this rally?? I know I am haha
insideBars==boss
  • #29,791
  • Dec 6, 2013 1:21am Dec 6, 2013 1:21am
Quoting namaus
{quote} Any reason sir?? Asia session show the up moving??? I don dont know why?

For MT4 on 15 min chart:
Attached Image
You win, you lose. All else is history. The future does not exist.
  • #29,792
  • Dec 6, 2013 1:29am Dec 6, 2013 1:29am
Quoting The Rhodie
Daily analysis of gold: Long term for gold is looking positive. I believe it has bottomed and is now going bull for a few weeks possibly. The patterns there tell me we have a good chance to see it go north for a while, but how long? I don't know.
It might be a bull trap or might be due to the start of cyclical buying of Gold by some races and religions.
Nevertheless, after trading gold for merely not more than 2 mths, I find it extremely difficult, not sure if anyone agree.
The true fact is market doesn't care, risk mgt is important.
  • #29,793
  • Dec 6, 2013 2:12am Dec 6, 2013 2:12am
Quoting The Rhodie
Daily analysis of gold: Long term for gold is looking positive. I believe it has bottomed and is now going bull for a few weeks possibly. The patterns there tell me we have a good chance to see it go north for a while, but how long? I don't know.

I don't agree with long term bullish, gold is in the middle of a major correction, and has not completed the cycle yet, if you can get a 20 year chart, you can see we have still a good bit to go until e reach the bottom trendline which has held and been tested over the years. Also, remember, the NFP comes out today, which could be what will break gold out of this bear flag on the daily chart.

I believe that rally was just a bull trap as Ssm said, from what I seen and watched earlier on the tick charts, Smart money where adding short positions as price made sudden drops every so often. Also, look at H1 chart, H4 and M15, pin bars are on all 3, if we close around this price in 2 hours ish, I do believe we are heading south for another run.

Just my though, could be wrong, wouldn't be the first time haha.
insideBars==boss
  • #29,794
  • Dec 6, 2013 2:17am Dec 6, 2013 2:17am
Quoting adamjn
{quote} I don't agree with long term bullish, gold is in the middle of a major correction, and has not completed the cycle yet, if you can get a 20 year chart, you can see we have still a good bit to go until e reach the bottom trendline which has held and been tested over the years. Also, remember, the NFP comes out today, which could be what will break gold out of this bear flag on the daily chart. I believe that rally was just a bull trap as Ssm said, from what I seen and watched earlier on the tick charts, Smart money where adding short positions...
At this moment, although not closed, but H4 looks like a pin trade.
The true fact is market doesn't care, risk mgt is important.
  • #29,795
  • Dec 6, 2013 2:25am Dec 6, 2013 2:25am
Quoting Ssm
{quote} It might be a bull trap or might be due to the start of cyclical buying of Gold by some races and religions. Nevertheless, after trading gold for merely not more than 2 mths, I find it extremely difficult, not sure if anyone agree.

ya... hard to predict also.... mostly i predict is reverse way.....

i will say it really damn volatile and guess some people are controlling the market also...people with more bullets might have chances to win ..
  • #29,796
  • Dec 6, 2013 2:30am Dec 6, 2013 2:30am
Quoting jackychan167
{quote} ya... hard to predict also.... mostly i predict is reverse way..... i will say it really damn volatile and guess some people are controlling the market also...people with more bullets might have chances to win ..
Manage your risk right and you will never loose, take profit at levels, once TP 1 is hit, get stop to BE, don't take stupid trades with small risk:reward, don't take a trade for the sake of trading, if you got a guy feeling, it is probably right lol, make sure your stop loss is in the correct area, for example, a pin bar trade, enter on the break of the pin and put the stop at the other end of it, give price room to breath and lastly, rely on your own analysis and you will succeed.
insideBars==boss
  • #29,797
  • Dec 6, 2013 2:46am Dec 6, 2013 2:46am
Quoting adamjn
{quote} Manage your risk right and you will never loose, take profit at levels, once TP 1 is hit, get stop to BE, don't take stupid trades with small risk:reward, don't take a trade for the sake of trading, if you got a guy feeling, it is probably right lol, make sure your stop loss is in the correct area, for example, a pin bar trade, enter on the break of the pin and put the stop at the other end of it, give price room to breath and lastly, rely on your own analysis and you will succeed.

yeah,

say and plan is simple... but when do... is really different outcome... T^T
  • #29,798
  • Dec 6, 2013 3:31am Dec 6, 2013 3:31am
{quote}Long from 1227.9{/quote}
You win, you lose. All else is history. The future does not exist.
  • #29,799
  • Dec 6, 2013 3:45am Dec 6, 2013 3:45am
Quoting adamjn
{quote} I don't agree with long term bullish, gold is in the middle of a major correction, and has not completed the cycle yet, if you can get a 20 year chart, you can see we have still a good bit to go until e reach the bottom trendline which has held and been tested over the years. Also, remember, the NFP comes out today, which could be what will break gold out of this bear flag on the daily chart. I believe that rally was just a bull trap as Ssm said, from what I seen and watched earlier on the tick charts, Smart money where adding short positions...
Where to get 20yrs chart?
  • #29,800
  • Dec 6, 2013 4:07am Dec 6, 2013 4:07am
For anyone who want to trade gold today, personal suggestion to wait until 15:30 London Time until the NPF is released. There is high chance that we wont see any big move before the NPF.
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