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

Quoting amansuri1

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{quote} thanks for the example, also can u explain how one can decide sl or tp thanx

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Quoting golddigger

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{quote} Be carefull not all crossovers are going to your expected direction using this method.

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Quoting spinozagr

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{quote} thats true... What i am doing for the most cases is to wait for one more day to confirm this signal... Well depend on situations... for example this week i was prety sure due to DXY (had a double bottom) that Gold will have a correction... so didnt wait for that extra day... Othe people use some other indicators with MA20... its a matter of philosophy i think

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Quoting golddigger

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{quote} if i will trade it, the stoploss will always be above or below the crossover candle. then you do trailing stop which is always above or below the SMA20. eventually SMA20 will move to breakeven then profit. Be carefull not all crossovers are going to your expected direction using this method.

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Quoting spinozagr

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{quote} Correct... but above all needs D-I-S-C-I-P-L-I-N-E

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Quoting golddigger

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{quote} cant seem to find that 1 page news correlation on gold in barchart. can you point me to it thanks

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Quoting spinozagr

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{quote} i cant understand what you mean... "1 page news correlation on gold in barchart"? I am getting confused...Am i say something like this? in barchart you can find the results of some strategies...here for gold http://www.barchart.com/performance/forex/%5EXAUUSD

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Quoting golddigger

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{quote} if im not mistaken, you buy when PA cross above SMA20, and short-sell when PA cross below SMA20. if only either up or down using 1 line

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Quoting spinozagr

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{quote} nothing difficult... plain MA (20)... Daily at the end of US session... looking where we stand and accordingly take the necessary actions... This method has many whipsaws...but at the end of the day is profitable... If you are able to combine this very simple method with some other indicators you will probably saves you from these whipsaws...

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Quoting spinozagr

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Here the example from the daily chart... hope it helps {image}

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Quoting tlpfx14

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{quote} you short the gold?

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Quoting spinozagr

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Take a look at the gold graph...and of course the comments http://finance.yahoo.com/news/gold-s...095400219.html

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Quoting Danny Maina

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{image} On the record for $100 a week loss in the year. Buying gold quickly joining the list of Fugazis

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Quoting spinozagr

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{quote} yeap... from 1330.... .

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Quoting spinozagr

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good economic data from USA... up the gold.... and the name of this: FOREX

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Quoting zaghloul

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{quote} Exactly! WTF is this! Bad news from Crimea, gold goes down. Good news from US gold goes up?!?!?!?!?

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