XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1804 | Metals Mine

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

  • #36,061
  • May 12, 2016 9:45am May 12, 2016 9:45am
Quoting SunTrader
​But BTW if you "pro traders" want to know how I really trade this is one of the way: {image}
Would you mind elaborating some more on that blue square, please ?
Man lie, woman lie, numbers don't
  • #36,062
  • May 12, 2016 10:20am May 12, 2016 10:20am
well you can't say I didn't told you silver was going down ...
  • #36,063
  • May 12, 2016 10:41am May 12, 2016 10:41am
Quoting cvds16
well you can't say I didn't told you silver was going down ...
It's still around 1268 and I think it will reverse again at 1263.6
  • #36,064
  • May 12, 2016 10:51am May 12, 2016 10:51am
got my short in silver ... so that's slightly more important to me but I don't see silver bottoming yet ...so it might spil over to gold ...
  • #36,065
  • May 12, 2016 11:19am May 12, 2016 11:19am
Quoting MisterG
{quote} Would you mind elaborating some more on that blue square, please ?
Part of Tom DeMark's Sequential Indicators (which are locked to my software so there isn't a way to share).

Search for multiple threads here on Forex Factory that explain his stuff.
  • #36,066
  • May 12, 2016 11:20am May 12, 2016 11:20am
What happened to the "pro traders" - milk and cookie time?
  • #36,067
  • May 12, 2016 11:31am May 12, 2016 11:31am
Quoting SunTrader
What happened to the "pro traders" - milk and cookie time?
I liked it)
  • #36,068
  • May 12, 2016 2:17pm May 12, 2016 2:17pm
Hi, Dr. House !

IBFX - CPR Indicator - Name = Candles
  • #36,069
  • May 12, 2016 2:25pm May 12, 2016 2:25pm
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  • #36,070
  • May 12, 2016 3:28pm May 12, 2016 3:28pm
Thanks a lot
  • #36,071
  • May 12, 2016 3:43pm May 12, 2016 3:43pm
The US close is important to Gold, on the 4Hour look at it, if we have a daily close above 1261.70 then the bulls will smile tomorrow
  • #36,072
  • May 12, 2016 3:52pm May 12, 2016 3:52pm
Quoting uncletrumpet
The US close is important to Gold, on the 4Hour look at it, if we have a daily close above 1261.70 then the bulls will smile tomorrow
u r freakin crazy the price heard you and going to make a good low
nice shot :]
Investing is SIMPLE but NOT EASY
  • #36,073
  • May 12, 2016 4:25pm May 12, 2016 4:25pm
That was a big move in a short time at the end of the day

Im long and hope for support around 1261 but gold is looking kind of heavy.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #36,074
  • May 12, 2016 4:30pm May 12, 2016 4:30pm
I was looking for price to clear above 1280-90, however this clearly failed, longs were trimmed.

On weekly clearly seen that we've hit fresh overhead supply.
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  • #36,075
  • May 12, 2016 4:32pm May 12, 2016 4:32pm
we didn't manage to do a gap fill also since weekend open, so that could signal that price is running away from the gap.
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  • #36,076
  • May 12, 2016 4:36pm May 12, 2016 4:36pm
For this week I don't have a valid entry on gold, seems that the tide is turning in favor of the bear side, however we had a high @ 1287 week range is 50, so that gives a potential low @ 1237 for this week. However I don't see a valid R:R entry, makes sense shorting at/below 1247-48 SL probably 15 and TP 1225.

PS: On a sidenote silver is dumping already.
  • #36,077
  • May 12, 2016 4:41pm May 12, 2016 4:41pm
gold on H4 also a clear bear flag pattern setup previously. so yeah we are going lower, potential initial target @ 1230.

The deal here is now to figure out a proper entry point with decent R:R.
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  • #36,078
  • May 12, 2016 4:44pm May 12, 2016 4:44pm
I'm sorry guys, actually the average week range last 8 weeks on gold was 43, so with a high @ 1287 this gives us a low @ 1244, so see a decent entry point is 1248, however in terms or risk/reward at least for this week it wont work. pretty much buy low sell high that's the key.
  • #36,079
  • May 12, 2016 5:01pm May 12, 2016 5:01pm
cmon cmon up up up
  • #36,080
  • May 12, 2016 5:07pm May 12, 2016 5:07pm
))) get out @ 1270 and don't take your chances
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