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

Then where is your profit?

[quote Price is at an unfair high for the day.[/quote]Are you a philosopher or a trader? Please elaborate.

watching 19.07

Market profile is that which explains what unfair levels are.
The Chicago Mercantile Exchange has a handbook on Market profile.
Peter Steidlmyer also wrote a 6-part guide on trading with market profile.

Price has hit the 1247.xx I spoke about and undoubtedly supply has been picked.
Lets see what price does with 1221 when it gets there.
Happy trading guys!

Looks like a tripple top is built here.

I think we can go long
Price
1244.0
TP1
1260 (160 Pips)
TP2
1269 (250 Pips)



SL
1238.0 (60 Pips)

Considering that your past estimates have been 95.4% inaccurate, I think I will not take your quotes.

I think 1246 should cap the up move.
I suggest adding shorts at that level.
Happy trading!

lol

It is always up to you for how you take my opinion. And I never say my estimate is accurate, it is more a observation than a estimate.

this looks like a daily long set up to me

It's a great man to admit defeat, and a wise man to acknowledge failures.

I hope that you begin to raise the balance of your account into good profit long-term.

Grinding up on extremely low volume.

could be...

Dear, my account has very good gain this year. If you are watching the trade explore in my FF account, it is a demo 1k usd which I didnt realized it is using 500 leverage, this kind of account can not be used to trade gold, not enough capital.

It's not about the capital, it's about the ability to manage your losses and protect your gains. If you can see the direction the market is heading, then you have a better chance of making money. Here are 2 images. One from last week, and one from a few minutes ago. They just demonstrate opposing trades and the scale of the market. We don't even make a dent with our paltry £4m account.

Rhodie my friend, I still have difficulties reading your eggs, do you mind if you can tell us what you see in the eggs?

Hi XT and All,
I've been reading this thread for some 2-300 pages and only open an account on FF last week.
It's interesting to see so many bearish comment last week here and at another thread, quite a good contrarian indicator.
Long term i'm bullish on Gold, that it may one day break above US$5000 in 2-3 years time. I hold physical bullion as well. just bought some more maple coins last week.
This view has cost me a lot of stress, after missing the short entry on 31/10 (as i was away on holiday, turn out to be an expensive one!)
Now that 40 days has passed, i think it's time for another 40 day of bull run.
For today, i'm placing short entry at 1249, SL 1227 and take half profit at 1271, based on this chart.
Or you are very bearish, sell now with tight s/l.
Silver and Platinum has given long signal, and i have entered platinum at 1351 and 1365, aim to ride till 15xx.
someone mentioned about gold/platinum ratio, I believe platinum is undervalued than gold overvalued
here's my chart, before I hit submit, my Stop entry order has been triggered.
The BB can still whip around to get ppl out.
But I doubt after triggering 2-3 stop logic last month, and last Friday's kill ur stops price action, they have any ammunition left.
Yes as you may or may not know, BB are doing naked shorts and have to buy back to cover, or they risk exhausting their inventory.

Silver, possible short oppurtunity around 20,30$ have a pending order there.