XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1735 | Metals Mine

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

  • #34,681
  • Dec 15, 2015 7:35pm Dec 15, 2015 7:35pm
Sure you don't mean 1027 ?
  • #34,682
  • Dec 15, 2015 7:42pm Dec 15, 2015 7:42pm
Quoting SunTrader
Sure you don't mean 1027 ?
I mean 1127, the 50% fibo retracement level of the current down swing. Due to the Stop Hunting, we should place a Buy Stop order instead of a market order. I think in the next 2 days, we are gonna have a buy entry.

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Gtylo All Time Return: -67.6%
  • #34,683
  • Dec 15, 2015 11:25pm Dec 15, 2015 11:25pm
Wisefx's analysis makes sense to me..
 
Fundamentally, the metal will react to the Fed Rate as expected, down first.. Then, Asia's seasonal bullion demand (and probably Russia-Turkey Cold War too) will take over the sentiment to move it up.. FYI, my tools also mark 1045 as the down target.. Can't comment about the buy target though..

Cheers,..
  • #34,684
  • Dec 16, 2015 4:51am Dec 16, 2015 4:51am
Last Dec '14 late in the month there was a small rally of about $100 into mid/late Jan '15 then bear market resumed. I'd say pretty obvious not much too seasonal buying. Economy down this year in China and India so why should there now be more buying.

I'd look for some kind of strength, like a retracement of a minor 2-3 day swing, before thinking any substantial move were even possible at this point and time.
  • #34,685
  • Dec 16, 2015 5:28am Dec 16, 2015 5:28am
India's overall exports coming negative for the last 12 months, every month. Gold import is also low compared to last year.
source - News
  • #34,686
  • Dec 16, 2015 5:39am Dec 16, 2015 5:39am
Quoting SunTrader
Last Dec '14 late in the month there was a small rally of about $100 into mid/late Jan '15 then bear market resumed. I'd say pretty obvious not much too seasonal buying. Economy down this year in China and India so why should there now be more buying. I'd look for some kind of strength, like a retracement of a minor 2-3 day swing, before thinking any substantial move were even possible at this point and time.
so why dont u sell then??
LUCKY golden trades, LUCKY gold investor trading style
  • #34,687
  • Dec 16, 2015 7:18am Dec 16, 2015 7:18am
interesting move expected after fomc later on
LUCKY golden trades, LUCKY gold investor trading style
  • #34,688
  • Dec 16, 2015 8:13am Dec 16, 2015 8:13am
Quoting fx4money
{quote} so why dont u sell then??
I have sold plenty. That what you do in a downtrend and ummm follow the trend.

I leave the bottom (and) top picking for others.
  • #34,689
  • Dec 16, 2015 9:46pm Dec 16, 2015 9:46pm
Any view on the gold today? The price is at very low right now, although I'm still holding my sell but I'm just not sure.
  • #34,690
  • Dec 17, 2015 4:13am Dec 17, 2015 4:13am
Some brokers show that about 80 percent of their clients sits in longs. So way to go down.
  • #34,691
  • Dec 17, 2015 8:46am Dec 17, 2015 8:46am
Should be testing 1046.xx multi year lows shortly.
  • #34,692
  • Dec 17, 2015 9:08am Dec 17, 2015 9:08am
Quoting vaidas7777
Some brokers show that about 80 percent of their clients sits in longs. So way to go down.
May we know where you get that information and statistic?
  • #34,693
  • Dec 17, 2015 10:41pm Dec 17, 2015 10:41pm
Triangle shape formed................
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  • #34,694
  • Dec 27, 2015 7:14pm Dec 27, 2015 7:14pm
Yeah just wanted to ask if any of you guys trading the gold in a daily basis ( well of course you do ) , but short term not on the long , I mean scalping the pair ( hit and run ) twice or more a day and actually making a profit . I know Iam doing that ,but sometimes SL hits and I don't know how to minimize my losing trades . I only use trend lines on a 15min chart ,watching the pair if its going to hit that trend and bounce or just gonna break that trend (that simple) . If any of you guys (GOLD SCALPERS) can help I would appreciate it , and will be posting my trades shortly so we all can learn from each other .
let the chart to be your chauffeur ... -Forexmnstr-
  • #34,695
  • Dec 27, 2015 7:35pm Dec 27, 2015 7:35pm
Inexperienced (99%) and extremely experienced (1%) scalp. All others swing and long term trade.

So unless you are in the 1% group you ummm are in the 99% group. And you know what that means.

BTW I don't scalp. I learned long ago, of course after a bunch of losers, not to compete with the 1% any longer.
  • #34,696
  • Dec 27, 2015 8:11pm Dec 27, 2015 8:11pm
Quoting SunTrader
Inexperienced (99%) and extremely experienced (1%) scalp. All others swing and long term trade. So unless you are in the 1% group you ummm are in the 99% group. And you know what that means. BTW I don't scalp. I learned long ago, of course after a bunch of losers, not to compete with the 1% any longer.
Thanks for nothing , and yeah Iam a newbie who have been trading gold for the last seven years and actually making few bucks of it . My style is good but Iam here for an advise to sharpen it and to minimize risks .
let the chart to be your chauffeur ... -Forexmnstr-
  • #34,697
  • Dec 27, 2015 9:45pm Dec 27, 2015 9:45pm
Broke the triangle pattern.....
Trend maybe on the go by next month.
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  • #34,698
  • Dec 28, 2015 7:04am Dec 28, 2015 7:04am
Quoting forexmnstr
{quote} Thanks for nothing , ...

Sorry to be the bearer of bad news aka reality. Continue to wish it away.
  • #34,699
  • Jan 4, 2016 3:24am Jan 4, 2016 3:24am
what do you think about the current state of gold ?
It's around 1.072 $, will go up?,
  • #34,700
  • Jan 4, 2016 3:28am Jan 4, 2016 3:28am
Quoting hbkarakas
what do you think about the current state of gold ? It's around 1.072 $, will go up?,
top trader say sell gold.
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