XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1766 | Metals Mine

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

  • #35,301
  • Mar 10, 2016 8:08am Mar 10, 2016 8:08am
therefore i opened a small short on GOLD now

Quoting gold-analyst
i must admit i cant trade currencies {quote}
  • #35,302
  • Mar 10, 2016 8:19am Mar 10, 2016 8:19am
and now i opened a comfortable short with stop loss at 1265
  • #35,303
  • Mar 10, 2016 8:22am Mar 10, 2016 8:22am
Quoting gold-analyst
and now i opened a comfortable short with stop loss at 1265
​I'm in @1262.75 with a small position, but who knows if this has peaked yet
  • #35,304
  • Mar 10, 2016 8:23am Mar 10, 2016 8:23am
i wish i could have opened a position. no one knows but i feeel comfortable to open short

Quoting jsk3010
{quote} ​I'm in @1262.75 with a small position, but who knows if this has peaked yet
  • #35,305
  • Mar 10, 2016 8:33am Mar 10, 2016 8:33am
Quoting gold-analyst
and now i opened a comfortable short with stop loss at 1265
Me also in short a little.. Where is your TP?
  • #35,306
  • Mar 10, 2016 8:36am Mar 10, 2016 8:36am
i wont worry about profits level reight now, mroe concerned about it hitting stop loss as this pair is roaring high on ecb rate cut

Quoting andory
{quote} Me also in short a little.. Where is your TP?
  • #35,307
  • Mar 10, 2016 8:42am Mar 10, 2016 8:42am
just waiting for storm to go first.

Quoting gold-analyst
i wont worry about profits level reight now, mroe concerned about it hitting stop loss as this pair is roaring high on ecb rate cut {quote}
  • #35,308
  • Mar 10, 2016 8:45am Mar 10, 2016 8:45am
any bad news for economy sends gold higher technically. some people see gold as SAFE HAVEN
  • #35,309
  • Mar 10, 2016 8:56am Mar 10, 2016 8:56am
Quoting gold-analyst
any bad news for economy sends gold higher technically. some people see gold as SAFE HAVEN
And what do you classify gold as ?
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #35,310
  • Mar 10, 2016 8:58am Mar 10, 2016 8:58am
something to make money with
  • #35,311
  • Mar 10, 2016 9:02am Mar 10, 2016 9:02am
Quoting gold-analyst
something to make money with
Ok cool
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #35,312
  • Mar 10, 2016 9:05am Mar 10, 2016 9:05am
well gold is only back in bullish mode because DRGAHI made a shocking interest rate cut against what most top economist not expected
Quoting blue_z_zz
{quote} Ok cool
  • #35,313
  • Mar 10, 2016 9:07am Mar 10, 2016 9:07am
Quoting gold-analyst
well gold is only back in bullish mode because DRGAHI made a shocking interest rate cut against what most top economist not expected {quote}
Are you open to suggesting that this may retest recent highs from here?
  • #35,314
  • Mar 10, 2016 9:15am Mar 10, 2016 9:15am
well no one though that it next hour it will go up by 30-35 points so yes there is possibilty of that but i hope 1271-72 should be able to tackle this pair and bring it down.

if this wasnt going just because of news then 1271-72 was strong enough to keep it lower, but unfortunately its caused by mr draghi so lets wait and see
  • #35,315
  • Mar 10, 2016 9:19am Mar 10, 2016 9:19am
Quoting gold-analyst
well gold is only back in bullish mode because DRGAHI made a shocking interest rate cut against what most top economist not expected {quote}
seriously
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #35,316
  • Mar 10, 2016 9:26am Mar 10, 2016 9:26am
Quoting gold-analyst
and now i opened a comfortable short with stop loss at 1265
Please explain your reasoning here.
From what I saw there was an engulfing bull candle close on H1 that bounced the triangle at 1237 and bull momentum has continued since...you shorted into this?
  • #35,317
  • Mar 10, 2016 9:35am Mar 10, 2016 9:35am
i saw some trendlines and reward to risk ratio was good so i entered. now i see at 1272, so i have pending sell order with tight stop loss at that sort of region
  • #35,318
  • Mar 10, 2016 10:23am Mar 10, 2016 10:23am
My estimation followed through so far.
Quoting wibie g
Yup, it's retracing for now. It's typical after a triangle breakout for Price to retrace first.. (see my post on that herehttp://bit.ly/1LSTrua ).. Hence, as long as Price is still above that triangle, Bullish Tendency still remains,especially if you see a bullish candlestick/formation at the area as a confirmation for a pull back. We'll see.. . Cheers..
 
Next target for me is 1307 (past high back in 2015.01.22).
Again, I'm still not expecting a smooth ride for this uptrend continuation.
We'll see.
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  • #35,319
  • Mar 10, 2016 12:05pm Mar 10, 2016 12:05pm
Quoting wibie g
My estimation followed through so far. {quote}  Next target for me is 1307 (past high back in 2015.01.22). Again, I'm still not expecting a smooth ride for this uptrend continuation. We'll see. {image}
If it breaks above the previous high at 1279 it will probably continue rising, but nothing is certain before that.
  • #35,320
  • Mar 10, 2016 12:12pm Mar 10, 2016 12:12pm
completely agree with you here james. its amazing when it is going up how every one starts predicting its going up and when its is going down people change trend too but still everyone struggles to trade at times.

anyways wont say a great as i didnt make any gains but wont call it a bad day either as losses were fraction of yesteday gains

Quoting james1254
{quote} If it breaks above the previous high at 1279 it will probably continue rising, but nothing is certain before that.
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