XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1874 | Metals Mine

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

  • #37,461
  • Sep 11, 2016 6:34am Sep 11, 2016 6:34am
Quoting babaz7
{quote} you love it so much that you cant even tell both are talking about gold? and you post a silver chart?
they are correlated, i put a silver chart because i like it more than gold (yes i know that's bad to be in love with an financial instrument in this bussines. ) and i think can go higher than gold in term of %.

truth be toold,i opened more long possitions on gold and my stops are almost hit, so deep in my soul it's hurting me to be proved wrong by market and to accept this ,so i think this is whay i put first a silver chart.
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Price itself it's an indicator
  • #37,462
  • Sep 11, 2016 7:20am Sep 11, 2016 7:20am
Well, well. Here we are, start of a new week. Looks like so far, there will not be much of a gap over the weekend. Fridays movement did puncture support a little, but not convincingly imo. It still may go up from here. I'm currently deciding whether I should hold the 3 shorts I have down to possibly 17.90 18.00 ish and look for a bounce around there.

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  • #37,463
  • Sep 11, 2016 8:42am Sep 11, 2016 8:42am
yea I agree ,thanks AlexC

Quoting cvds16
for me it's clear: short term I am a trading bear, long term I am a bull .... should make anybody happy :-) but I am a trader, that's what I do to make a living ... I live and die by the 6H chart ...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #37,464
  • Sep 11, 2016 11:47am Sep 11, 2016 11:47am
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  • #37,465
  • Sep 11, 2016 1:16pm Sep 11, 2016 1:16pm
I trade hours to days and it is plainly clear, to me at least, on a daily chart there has been 3 lower swing highs (2, 3, 4) and 1 lower swing low (B) so if Gold breaks the swing low of Sept 1st it is back in bear market territory - big time!!
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  • #37,466
  • Sep 11, 2016 1:18pm Sep 11, 2016 1:18pm
And oh by the way last week's weekly bar was a Bearish Pin.
  • #37,467
  • Edited 2:19pm Sep 11, 2016 2:00pm | Edited 2:19pm
there some charts I think will fall ,I wonder the affect on Gold
charts look to be risk aversion ,the dow has fallen 430 pips ,that TL wont hold the month out
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #37,468
  • Sep 11, 2016 2:21pm Sep 11, 2016 2:21pm
the price action on gold monthly example

normally it means one thing
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #37,469
  • Sep 11, 2016 5:32pm Sep 11, 2016 5:32pm
Quoting SunTrader
I trade hours to days and it is plainly clear, to me at least, on a daily chart there has been 3 lower swing highs (2, 3, 4) and 1 lower swing low (B) so if Gold breaks the swing low of Sept 1st it is back in bear market territory - big time!! {image}
Agreed. That's how i see it too.
  • #37,470
  • Sep 11, 2016 6:34pm Sep 11, 2016 6:34pm
A little pullback on my mind

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  • #37,471
  • Sep 11, 2016 7:47pm Sep 11, 2016 7:47pm
Silver on the move. Continues to break support areas. Gold not doing much. The US session may shove them down quite heavily tomorrow morning. I added a sell position @ 19.06, but I'm kind of hoping for some pullback to 19.00 so I can add a couple more shorts on the way down to 18.00. The meat of the move could hit at market open in the morning. Hopefully blow through all the chop and hit it tomorrow.

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  • #37,472
  • Sep 11, 2016 9:14pm Sep 11, 2016 9:14pm
Closed all shorts and went long at 18.90. Crazy volatility over the last week. This could be a bad trade, but have expect a correction after going in one direction so quickly. Sunday initial spikes are a good fade usually.
  • #37,473
  • Sep 11, 2016 10:50pm Sep 11, 2016 10:50pm
the drop ain't over if you ask me
  • #37,474
  • Sep 12, 2016 1:18am Sep 12, 2016 1:18am
covered my short silver and went long @ 18.99
  • #37,475
  • Sep 12, 2016 3:50am Sep 12, 2016 3:50am
Closed long for 10 point gain. Not feeling comfortable about either up or down. I think it will go choppy for a day or two anyway. I do think this is the last stand for bullish for a while if it breaks below and stays below 19.00. Hard to say right now.
  • #37,476
  • Sep 12, 2016 10:57am Sep 12, 2016 10:57am
Im trying a long at 1322 since gold is close to 61.8% retracement on H4. Looks kind of bearish though.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #37,477
  • Sep 12, 2016 1:50pm Sep 12, 2016 1:50pm
silver: 3x longs - 18.779 / 18.900 / 19.023
Target: 19.37
We err, and err, and err again, but less.
  • #37,478
  • Sep 12, 2016 4:36pm Sep 12, 2016 4:36pm
Quoting jorgen.fx
Im trying a long at 1322 since gold is close to 61.8% retracement on H4. Looks kind of bearish though.
i am in long in a same area, you think how many go up? i think 1334 is good area for tp, what is your idea?
  • #37,479
  • Sep 12, 2016 5:13pm Sep 12, 2016 5:13pm
Quoting hamidabdiyan
{quote} i am in long in a same area, you think how many go up? i think 1334 is good area for tp, what is your idea?
I already closed my orders at 1329. I don't like to leave my trades open over night.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #37,480
  • Sep 12, 2016 9:12pm Sep 12, 2016 9:12pm
Quoting jorgen.fx
{quote} I already closed my orders at 1329. I don't like to leave my trades open over night.
Good, but i set the tp at 1335.50 and hope the rate receive there, i cant sleep this times, good night and sweet dreams 😀
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