XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1517 | Metals Mine

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

  • #30,321
  • Dec 12, 2013 12:50pm Dec 12, 2013 12:50pm
how many of you have been trapped and will be trapped in a long on gold or silver?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #30,322
  • Dec 12, 2013 2:16pm Dec 12, 2013 2:16pm
Add long entry for this Asia session @ 1222, SL 1219, TP 1230.
  • #30,323
  • Dec 12, 2013 3:06pm Dec 12, 2013 3:06pm
[highlight=rgba(255, 255, 255, 0)]My view...its going tobe very volatile ahead...next 48 trading hours [/highlight][highlight=rgba(255, 255, 255, 0)]will confirm this...[/highlight]
The good thing with the future is that it is progressively approaching...
  • #30,324
  • Dec 12, 2013 3:16pm Dec 12, 2013 3:16pm
Silver should go down to 1927 first before next upswing
  • #30,325
  • Dec 12, 2013 7:41pm Dec 12, 2013 7:41pm
Quoting spinozagr
My view...its going tobe very volatile ahead...next 48 trading hours will confirm this...
volatile is right, low open interest, unmanned desks, and large MONEY OFFERS and Sells,
= HIGH swings like the nice 30 USD per day's we've been enjoying as of late.

TO ALL THE NOOBS - NOW IS THE TIME TO STAY OUT>
YOU WILL ONLY GIVE THE MARKET YOUR MONEY.

Thinking you KNOW how to "SCALP" is the EXACT way to let the market "fleece" you of ALL OF YOUR MONEY..

TRUST US,


You have NO IDEA how to scalp or "day trade" you WILL LOSE YOUR ENTIRE ACCOUNT.

But, by all means, don't listen and come back after you have dropped a couple / triple / quadruple GRAND and say, sh!t i shoulda learned the daily first.

Scalping or even "day trading" is strictly a "pro" game = NOT FOR NOOBS. Lower your leverage and lot size, make stops and TPs and learn from your mistakes trading after 6 months a LIVE MICRO ACCOUNT>

I have Z E R O sympathy for any newb that doesn't respect the volatility of Gold and how much faster AU or AG can wipe out your account on margin then even,
GBP/JPY ,

want to think you are smart? Try trading USD/MXN, instead of GOLD and tell me how it goes knowing your ass from your elbow.

------

This post is in Response to several Private messages I have received - asking about "longer term" trading as opposed to "scalping" as a noOB.

AND, In response to the LOW neg swap rate, ??? I mean come on? your long position should take that out of concern, if your are short then the swap is positive.

Also it's not like you are holding MONTHLY contracts short on Aussie or KIWI....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #30,326
  • Dec 12, 2013 8:03pm Dec 12, 2013 8:03pm
Quoting XTrade
{quote} TO ALL THE NOOBS - NOW IS THE TIME TO STAY OUT> YOU WILL ONLY GIVE THE MARKET YOUR MONEY...
Good advice, my ass had been burned several times since I took up Gold trading, you thought you got it right, but ultimately will end up wrong.

Noob question: I noticed that most of the traders here has small and tight SL on Gold, is it a norm and the way to trade Gold?
The true fact is market doesn't care, risk mgt is important.
  • #30,327
  • Dec 12, 2013 8:59pm Dec 12, 2013 8:59pm
nothing special here.... daily charts

I suggest you trade 4h or daily charts then you time your entry on 5,15,1h chart.... oh its friday btw
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Pecuniae obediunt omnia
  • #30,328
  • Dec 12, 2013 11:50pm Dec 12, 2013 11:50pm
Quoting Ssm
{quote} Good advice, my ass had been burned several times since I took up Gold trading, you thought you got it right, but ultimately will end up wrong. Noob question: I noticed that most of the traders here has small and tight SL on Gold, is it a norm and the way to trade Gold?
It is because most of those trade with tight SL are trades testing possible resistance and supports, so if the S/R is broken, the trades should not stand. Btw the market direction is still unclear, so if you wanna put some swing trades now, you are close to gambling (unless you know something others dont know, like inside info)...
  • #30,329
  • Dec 13, 2013 12:07am Dec 13, 2013 12:07am
any analysis regarding WTI Crude where is going to land i have a short position from 97.40 S/L 98.00 T/P 95.50 any advise or the i have attached the chart please correct if i am on the wrong side o the trade.

thanks
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MRMALIK1
  • #30,330
  • Dec 13, 2013 12:31am Dec 13, 2013 12:31am
IMO, we should keep this thread to Gold and Silver.
  • #30,331
  • Dec 13, 2013 1:14am Dec 13, 2013 1:14am
Quoting Ssm
{quote} Good advice, my ass had been burned several times since I took up Gold trading, you thought you got it right, but ultimately will end up wrong. Noob question: I noticed that most of the traders here has small and tight SL on Gold, is it a norm and the way to trade Gold?
If you are wrong, how much do you want to give away to the market? Tight stop on smaller accounts or use micro bets for bigger stops and less risk that way.
You win, you lose. All else is history. The future does not exist.
  • #30,332
  • Dec 13, 2013 1:14am Dec 13, 2013 1:14am
Quoting mrmalik1
any analysis regarding WTI Crude where is going to land i have a short position from 97.40 S/L 98.00 T/P 95.50 any advise or the i have attached the chart please correct if i am on the wrong side o the trade. thanks {image}
I don't do oil. Try an oil thread.
You win, you lose. All else is history. The future does not exist.
  • #30,333
  • Edited 1:57am Dec 13, 2013 1:35am | Edited 1:57am
Close my long @ 1229.5

Sell @ 1227, SL 1231
  • #30,334
  • Dec 13, 2013 1:58am Dec 13, 2013 1:58am
Hi all,
I suggest buying gold @ 1225.07 I feel strongly that the support would be London session's low.
Happy trading!
  • #30,335
  • Dec 13, 2013 2:03am Dec 13, 2013 2:03am
Quoting pipcenturion
Hi all, I suggest buying gold @ 1225.07 I feel strongly that the support would be London session's low. Happy trading!

Which means short it with a good amount to win!
You win, you lose. All else is history. The future does not exist.
  • #30,336
  • Dec 13, 2013 2:07am Dec 13, 2013 2:07am
Quoting The Rhodie
{quote} Which means short it with a good amount to win!
do you think it will reach 1213 today???
  • #30,337
  • Dec 13, 2013 2:14am Dec 13, 2013 2:14am
Quoting bugsbunny110
{quote} do you think it will reach 1213 today???

If gold is as weak as I see it is, then that is only the start of it. 1180 looks very real. Answer: I don't know.
You win, you lose. All else is history. The future does not exist.
  • #30,338
  • Dec 13, 2013 2:21am Dec 13, 2013 2:21am
Quoting Ssm
{quote} Good advice, my ass had been burned several times since I took up Gold trading, you thought you got it right, but ultimately will end up wrong. Noob question: I noticed that most of the traders here has small and tight SL on Gold, is it a norm and the way to trade Gold?
It depends. Your SL needs to be super tight if you have a limit order at a major S/R, those tend to travel far after they are broken (which is why I never place limit orders on major S/R), never hope for miracles or use mechanical stops when it comes to trading gold, you will always take too long to cut your losses short, remember the first loss is the best loss.
"Where you want to be is always in control, never wishing, always trading.
  • #30,339
  • Dec 13, 2013 2:25am Dec 13, 2013 2:25am
Quoting The Rhodie
{quote} Which means short it with a good amount to win!
Why do you sound like a kid? How old are you?
Why not try to be a little bit constructive in your criticism?
  • #30,340
  • Dec 13, 2013 2:28am Dec 13, 2013 2:28am
Quoting pipcenturion
{quote} Why do you sound like a kid? How old are you? Why not try to be a little bit constructive in your criticism?
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