Definitely going with a few sells here, looking bearish. I think its a short term thing of well. But I guess we will see where its going to go.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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- #37,663
- Sep 23, 2016 7:15am Sep 23, 2016 7:15am
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- #37,667
- Sep 23, 2016 12:43pm Sep 23, 2016 12:43pm
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We err, and err, and err again, but less.
- #37,669
- Sep 23, 2016 9:16pm Sep 23, 2016 9:16pm
- Joined May 2015 | Status: Observer | 1,981 Posts
We err, and err, and err again, but less.
- #37,670
- Sep 24, 2016 6:23am Sep 24, 2016 6:23am
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- #37,674
- Sep 25, 2016 10:25am Sep 25, 2016 10:25am
Reviewing the weekly SLV charts. It looks to me like it is having trouble trying to cleanly break through the $20.00 barrier. It could still do it, but I'm leaning toward being bearish for quite a awhile if it does not break though $20.00 this week. It has tested and failed 3 times in the last few weeks. This week or next could determine the overall trend for a few weeks (possibly months). Anyway I am liking the shorts I have right now as possibly to hang on to for quite a awhile and look to add short positions as it trends down (if it does).
- #37,675
- Sep 25, 2016 1:34pm Sep 25, 2016 1:34pm
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![Click to Enlarge
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Size: 30 KB](/attachment/image/2025249/thumbnail?d=1474828306)
![Click to Enlarge
Name: XAUUSD 160925 2H [1].png
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Wait, or you will be slaughtered!
- #37,676
- Edited 3:23pm Sep 25, 2016 2:37pm | Edited 3:23pm
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- #37,677
- Sep 25, 2016 2:45pm Sep 25, 2016 2:45pm
{quote} Well, becareful if that is your sole reason. It will be Monday in 2 days from now...
My strategy is to open orders intraday where the price "may" reverse. I was short 1340 to 1337 and Im happy with that. Take (some of) the money and run, works best for me
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
- #37,678
- Sep 25, 2016 3:21pm Sep 25, 2016 3:21pm
- Joined Jan 2011 | Status: Trader | 1,560 Posts
Great/Green week ahead traders..
From where I am looking, I expect a pull back to find support and end sub wave 4! This means that if this is true, then we should expect an impulse for sub wave 5 which is also heading to the bullish wave 3...
My next bullish target is at 1350!! Expect a pull back after that to find support again..
Please tell me if I went wrong somewhere
GL and GP to all..
Cheers all
From where I am looking, I expect a pull back to find support and end sub wave 4! This means that if this is true, then we should expect an impulse for sub wave 5 which is also heading to the bullish wave 3...
My next bullish target is at 1350!! Expect a pull back after that to find support again..
Please tell me if I went wrong somewhere
GL and GP to all..
Cheers all
I still need a trading break soon!!! "Loose some to win more" --Baher A.
- #37,679
- Sep 26, 2016 2:31am Sep 26, 2016 2:31am
- Joined Jun 2016 | Status: Trader | 3,004 Posts
Gold is going to the point for buy. Globally, on Daily chart, it has long balance and he received the confirmation about long on last week. Should play this movement to best point for open long in short? I don't think so, because it dangerous, better skip it and wait а good point for open long.
- #37,680
- Sep 26, 2016 6:34am Sep 26, 2016 6:34am
Well, well. Approaching a support area. Has a history of bouncing off this area. Could be a good area to buy if you are long term bullish. I think I will cash out my shorts and look to buy for a bit maybe.
