XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1905 | Metals Mine

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

  • #38,081
  • Oct 18, 2016 5:50am Oct 18, 2016 5:50am
I went long on Silver today. Let'S see if we can get back up to $19
  • #38,082
  • Oct 18, 2016 6:07am Oct 18, 2016 6:07am
testing long 1261.80 target 0pen sl open
  • #38,083
  • Oct 18, 2016 6:50am Oct 18, 2016 6:50am
GOLD CHARTS H4 + DAY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLDH4.png Size: 35 KB
Click to Enlarge Name: GOLDDaily.png Size: 38 KB
  • #38,084
  • Oct 18, 2016 8:07am Oct 18, 2016 8:07am
Quoting conclude7
Closed Long with minor gain. Reopened short with SL at 18.20. Too much second guessing. On the daily a long position seems barely justified to me.
Still decent resistance at 17.70. If it breaks 17.50 again for "whatever" reason it's more likely to go lower.
  • #38,085
  • Oct 18, 2016 9:21am Oct 18, 2016 9:21am
I have a long on Gold with target $1,260 but it will likely rise higher than that.
  • #38,086
  • Oct 18, 2016 9:24am Oct 18, 2016 9:24am
you mean you have a scalp on ...
  • #38,087
  • Oct 18, 2016 9:38am Oct 18, 2016 9:38am
Quoting james1254
I have a long on Gold with target $1,260 but it will likely rise higher than that.
look at the daily and the weekly TF, really bearish, that is where we are going
  • #38,088
  • Oct 18, 2016 9:53am Oct 18, 2016 9:53am
IF we go to 16.50-16.70 I see a good possibility of a retrace to 17.70-18.10 before a further correction downwards. But that is sheer speculation.
  • #38,089
  • Oct 18, 2016 10:25am Oct 18, 2016 10:25am
Quoting uncletrumpet
{quote} look at the daily and the weekly TF, really bearish, that is where we are going
the inside bar breakout on the daily to the upside does point to a potential upswing though ... it's darkest just before the dawn ...
  • #38,090
  • Oct 18, 2016 10:38am Oct 18, 2016 10:38am
The closing price, not the high, confirms a breakout on a daily bar
  • #38,091
  • Edited 2:38pm Oct 18, 2016 12:52pm | Edited 2:38pm
depends on how agressive you want to trade it; I use indicators too for confirmation ... so I am in allready ... but yes you got somewhat of a point ...
  • #38,092
  • Oct 18, 2016 1:07pm Oct 18, 2016 1:07pm
Well that's ok but then why look at daily bar - if you are not going to require confirmation?

Intra day levels are often just noise.
  • #38,093
  • Oct 18, 2016 2:23pm Oct 18, 2016 2:23pm
Silver is lingering around a breakout area up. Should it hover above 17.60ish over the Asian and Euro session it would be very bullish imo for a breakout north.
  • #38,094
  • Oct 18, 2016 2:40pm Oct 18, 2016 2:40pm
Quoting SunTrader
Well that's ok but then why look at daily bar - if you are not going to require confirmation? Intra day levels are often just noise.
and like I said: that's why I have the double confirmation I get from indicators too ... it's not like these levels are totally meaningless, you just got to know when to use them and when not ... and like all things in trading nothing is 100% sure ...
  • #38,095
  • Oct 18, 2016 3:09pm Oct 18, 2016 3:09pm
Quoting Becel
Silver is lingering around a breakout area up. Should it hover above 17.60ish over the Asian and Euro session it would be very bullish imo for a breakout north.
Seems to me everybody is locked in a bias bubble, almost got me too.

Silly rabbit, tricks are for kids.
  • #38,096
  • Oct 18, 2016 3:13pm Oct 18, 2016 3:13pm
Quoting conclude7
{quote} Seems to me everybody is locked in a bias bubble, almost got me too. Silly rabbit, tricks are for kids.
I will do my best to save you from yourselves.
  • #38,097
  • Oct 18, 2016 4:09pm Oct 18, 2016 4:09pm
Quoting cvds16
{quote} and like I said: that's why I have the double confirmation I get from indicators too ... it's not like these levels are totally meaningless, you just got to know when to use them and when not ... and like all things in trading nothing is 100% sure ...
What are the indicator?! Just a past action readings, they can never show you the future. I wouldn't rely on indicators.
  • #38,098
  • Oct 18, 2016 6:21pm Oct 18, 2016 6:21pm
Quoting cvds16
{quote} and like I said: that's why I have the double confirmation I get from indicators too ... it's not like these levels are totally meaningless, you just got to know when to use them and when not ... and like all things in trading nothing is 100% sure ...
I understand what you are saying but it seems ... you don't understand what I am saying.
  • #38,099
  • Oct 18, 2016 9:21pm Oct 18, 2016 9:21pm
Quoting Becel
Silver is lingering around a breakout area up. Should it hover above 17.60ish over the Asian and Euro session it would be very bullish imo for a breakout north.
The bears are ready to come out, let us watch out
  • #38,100
  • Oct 19, 2016 4:25am Oct 19, 2016 4:25am
looks more like the bulls are coming out lol
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