XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #30,363
- Dec 13, 2013 5:43am Dec 13, 2013 5:43am
{quote}It's like talking to a brick wall. He ignored you.
Today we starts by a broken of previous low @ 1225 and stops triggered move the price further low to 1223.50 at 8:03 GMT. However, after that buyers coming in quickly and build new defense which move price back above 1225. At that time I was shorting, hoping we can break lower to around 1222. A new test was made at 8:10 with failure. So here I was thinking changing to long.
From 8:30, there are some leveraged name selling EUR and GBP, betting on the negative ECB deposit rate, which moves EUR and GBP around 50 pips south. This move also help USD strength and Gold weak, but it is not backed by any fundamental so there is high chance to move back. Then news came in at 11:07, saying EU banks to repay EUR 3.32 bln from 1st 3y LTRO and EUR 19.33 bln from 2nd 3y LTRO, which is a very surprising large amount help to move EUR back, and also gold.
And to the guy I ignored: I do not want to judge your personalities or whether you are trading with a real account. But your simple chart with two lines can not add any valuable comments to this thread. And based on your posts here, I believe you are only a kid.
- #30,367
- Dec 13, 2013 5:58am Dec 13, 2013 5:58am
- Joined Jun 2013 | Status: Poor Man | 1,085 Posts
I do not like to write long comment, because it cause me much time which I should use in trading or my work. So I do hope this will be my last long comment here. I make mistakes and everyone make mistakes, so I never talk like 100% sure about next market move. People talk like this just want to impress others in this thread, and then become a "god"? However, I dont like that, and im sure many people here dont like it.
... dont waste your time with people who are provocative...
The good thing with the future is that it is progressively approaching...
My new view on trading is to ignore people who are consistetly wrong so that my thinking is not polluted by their bias. If you discover that I am ignoring you, the most likely reason is because you are trying to predict something that clearly is not happening and have consistently done exactly what the market did not do. It is not because I don't like you, it's because I am trading to make real money in a live account. There are very few who are offensive enough to offend me. Even if someone was offensive enough to offend me I would never bother...
. Lol.
Trends I Love Finding
- #30,373
- Dec 13, 2013 6:37am Dec 13, 2013 6:37am
- | Joined Oct 2013 | Status: You missed it. So what! Try again. | 625 Posts
{quote} Stupidity is essential. If you know people who are consistently wrong, why not do the opposite of them. 90%+ people lose money in this market, you just need to find 1 of that 90% and do the opposite
You win, you lose. All else is history. The future does not exist.
- #30,379
- Dec 13, 2013 6:58am Dec 13, 2013 6:58am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #30,380
- Dec 13, 2013 6:59am Dec 13, 2013 6:59am
- | Joined Oct 2013 | Status: You missed it. So what! Try again. | 625 Posts
{quote} Haha indeed. Was just a thought though. Easier to predict if a person will continue to be stupid or wise up. Wise men are few on FF, and one of them would be you.
You win, you lose. All else is history. The future does not exist.