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

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

#35,881
May 5, 2016 6:04am May 5, 2016 6:04am

jorgen.fx
Joined Mar 2014 | Status: Trader | 389 Posts

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Break out or reversal at 1280?

Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.

#35,882
May 5, 2016 6:05am May 5, 2016 6:05am

cvds16
| Joined Sep 2009 | Status: Trader | 1,784 Posts

pretty sure it's going to breakout

#35,883
May 5, 2016 6:12am May 5, 2016 6:12am

Pip-Miner
Joined Nov 2015 | Status: I'm hungry | 4,034 Posts

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#35,884
May 5, 2016 6:40am May 5, 2016 6:40am

cvds16
| Joined Sep 2009 | Status: Trader | 1,784 Posts

triple bottom here, should take us somewhere ...

#35,885
May 5, 2016 7:20am May 5, 2016 7:20am

mrhb30jr
Joined May 2010 | Status: Trader | 2,693 Posts

Quoting Pip-Miner

Disliked

{image}

Ignored

Hi pip Miner, .....

Same like me ur view ...

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#35,886
May 5, 2016 7:23am May 5, 2016 7:23am

cvds16
| Joined Sep 2009 | Status: Trader | 1,784 Posts

The 3H showed a buy signal.

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#35,887
May 5, 2016 7:47am May 5, 2016 7:47am

Fadhl
Joined Jan 2016 | Status: Trader | 3,908 Posts | Online Now

Whatsoever the TA, my view is the market is looking for tomorrow NFP and Employment Rate. As all/most recent US data are negative starting from GDP and so on, I think Gold will go up from tomorrow. The downside that we are in is just to clean the air, multiply the gain and confuse you and I. Please it's just a view, take it or leave it! Actually I've open positions in both direction.

#35,888
May 5, 2016 7:49am May 5, 2016 7:49am

cvds16
| Joined Sep 2009 | Status: Trader | 1,784 Posts

Ha, I was just thinking the reverse ... this 3H chart will take us up but there is a 12H engulfer down looming at the highs, so most likely scenario is another 12H engulfer to the downside, NFP would be perfect for that and a bigger correction ...

#35,889
May 5, 2016 7:50am May 5, 2016 7:50am

cvds16
| Joined Sep 2009 | Status: Trader | 1,784 Posts

btw there is no such things as open positions in both directions unless you have options ... if directional plays you are just fooling yourself: eihter you are long or you are short ... there is no such thing as hedging directional plays ...

#35,890
May 5, 2016 7:55am May 5, 2016 7:55am

Fadhl
Joined Jan 2016 | Status: Trader | 3,908 Posts | Online Now

Quoting cvds16

Disliked

btw there is no such things as open positions in both directions unless you have options ... if directional plays you are just fooling yourself: eihter you are long or you are short ... there is no such thing as hedging directional plays ...

Ignored

Hedging is possible; I've buy and sell!

#35,891
May 5, 2016 8:02am May 5, 2016 8:02am

dianajs
| Joined Dec 2015 | Status: Trader | 868 Posts

I, personally, don't like hedging at all. I like to have the option to do it, but when I've done it I've always gotten myself into bigger trouble than I was before.

#35,892
May 5, 2016 8:03am May 5, 2016 8:03am

cvds16
| Joined Sep 2009 | Status: Trader | 1,784 Posts

Quoting Fadhl

Disliked

{quote} Hedging is possible; I've buy and sell!

Ignored

you are just fooling yourself ...

#35,893
May 5, 2016 8:03am May 5, 2016 8:03am

cvds16
| Joined Sep 2009 | Status: Trader | 1,784 Posts

but gues your broker will find it fantastic ROFL

#35,894
Edited 9:50am May 5, 2016 9:38am | Edited 9:50am

mrhb30jr
Joined May 2010 | Status: Trader | 2,693 Posts

Quoting mrhb30jr

Disliked

{quote} hi pip miner, ..... Same like me ur view ... {image}

Ignored

gold 1260 ...

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USDX M15

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#35,895
May 5, 2016 10:37am May 5, 2016 10:37am

goldgirl
Joined Apr 2016 | Status: Trader | 970 Posts

I agree with Fadhl. Hedging is possible in a range market. It will preserve margin in an effective way and profit at the same time. However, we need to be very technical incline to spot range market.

My view is same with Pip Miner. Waiting for my TP1 1260ish and TP2 1245-40ish.

#35,896
May 5, 2016 10:37am May 5, 2016 10:37am