XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1906 | Metals Mine

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

  • #38,101
  • Oct 19, 2016 4:31am Oct 19, 2016 4:31am
Quoting cvds16
looks more like the bulls are coming out lol
Yeah, but I think soft hands at this levels. And many bears TS taken out.
Trading in the shadow of SM
  • #38,102
  • Oct 19, 2016 4:39am Oct 19, 2016 4:39am
Time to set my stoploss to breakeven on my long from 1257.50 USD, let's see how high this can fly ...
some reading: http://www.marketwatch.com/story/why...ent-2016-10-18
  • #38,103
  • Oct 19, 2016 4:41am Oct 19, 2016 4:41am
Dear All,
Greeting!!

I am new forex trader want your help for success in forex world I am following this forum from 2 weeks i am glad to see such expert in this forum.
i want to ask that at what level Gold should buy currently trading XAU @ 1268.63. guide me for buy and sell limit for today.
Attached Image
  • #38,104
  • Oct 19, 2016 4:45am Oct 19, 2016 4:45am
Quoting cvds16
Time to set my stoploss to breakeven on my long from 1257.50 USD, let's see how high this can fly ... some reading: http://www.marketwatch.com/story/why...ent-2016-10-18
It is the area I will probably start to look to get in with longs .
Trading in the shadow of SM
  • #38,105
  • Oct 19, 2016 4:47am Oct 19, 2016 4:47am
yes, that's why I like an agressive entry, despite what some people thought of that, so I don't have to chase the market ... apparently some people didn't get that point ...
  • #38,106
  • Oct 19, 2016 4:54am Oct 19, 2016 4:54am
Quoting cvds16
yes, that's why I like an agressive entry, despite what some people thought of that, so I don't have to chase the market ... apparently some people didn't get that point ...
You nailed it this time
Trading in the shadow of SM
  • #38,107
  • Oct 19, 2016 5:35am Oct 19, 2016 5:35am
Quoting forexpk
Dear All, Greeting!! I am new forex trader want your help for success in forex world I am following this forum from 2 weeks i am glad to see such expert in this forum. i want to ask that at what level Gold should buy currently trading XAU @ 1268.63. guide me for buy and sell limit for today. {image}
For intraday you can try to fade the S/R levels. I am only looking longs and currently will look to get in only if we see 1262 level again today. Shorts from bounce 1277 area I think can be ok to if that is reached. We are getting HH and HL on 4H chart now so trend on 4H has changed to bullish now. To bad R:R to jump the gun from current level imo that be short or long. So if not in already I will say that currently best position is flat, nothing to do or see here.
Attached Image (click to enlarge)
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Trading in the shadow of SM
  • #38,108
  • Oct 19, 2016 5:38am Oct 19, 2016 5:38am
Gold just break my 23,6% fib lol
  • #38,109
  • Oct 19, 2016 5:58am Oct 19, 2016 5:58am
Gold futures
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #38,110
  • Oct 19, 2016 6:14am Oct 19, 2016 6:14am
GOLD H4 CHART
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  • #38,111
  • Oct 19, 2016 7:15am Oct 19, 2016 7:15am
Last barrier for silver to go to 18.50. Possibly test that resistance area and we will see what happens at that point. This may be only a corrective wave on a continuation down. Typing on these smartphones blows.
  • #38,112
  • Oct 19, 2016 7:57am Oct 19, 2016 7:57am
SILVER H4 CHART
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  • #38,113
  • Oct 19, 2016 8:15am Oct 19, 2016 8:15am
its amazing people posting charts without any explanation just copy past that's it. even they dnt know what it is.........lol
  • #38,114
  • Oct 19, 2016 9:20am Oct 19, 2016 9:20am
Apparently someone that trades intraday likes to refer to daily bar breakouts ... but then not really.

Clarity and consistency matters when talking in a forum where traders from all around the world use all kinds of technical reasons to enter and exit. Otherwise we are all just shouting sheet out to pound our chest.
  • #38,115
  • Oct 19, 2016 9:24am Oct 19, 2016 9:24am
I also told I was going to take a longer term long in the near future while I was trading intraday and I posted that long in realtime ... seems you are a sore loser being wrong ...
  • #38,116
  • Oct 19, 2016 12:23pm Oct 19, 2016 12:23pm
Quoting Dr.House
{quote} What are the indicator?! Just a past action readings, they can never show you the future. I wouldn't rely on indicators.
I use stochastic crossover on H1 for entry. I think indicators are great way to show the chart in different ways.

When you read about indicators its like they are a self-fulfilling prophecy, but for me it's just something I use for timing
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #38,117
  • Oct 19, 2016 12:59pm Oct 19, 2016 12:59pm
From Jed and Kirk Norwood:
If you follow your indicators, and trade the way you read the market,
then you will be in the minority.
For every winner there are nine losers.
That is why the winners win so big,
and the losers keep on doing what they do, and keep on losing.
Then they still wonder what is happening to them,
and why they can not make money in the market.
I use all of this noise as a heads up to check my indicators,
get my own reading on the market, then make my own decision.
The more noise I hear that the market is going in a certain direction,
the harder I look at my indicators, and make sure I know what my signals are telling me.
It takes time to learn to be in tune with the market, but once you find the connection,
you will be more relaxed and patient, waiting for the market to tell you what to do.
It is at this point that you will start to make the big bucks.
The market is a lonely business, so you have to find a balance between being alone,
and whom you talk to about the market.
Find some like-minded traders and help each other grow and trade wisely.
You will also find that once you are steady in your trading,
there will be many people wanting to get your advice on the market.
When you tell them you do not know what the market is going to do,
they wonder why you cannot look into your crystal ball and give them advice.
Well it is because the market is not telling you right then what it is going to do.
At this point I let them know that my indicators are not set up yet,
so I am calmly waiting for the proper signal.
Study, have fun trading and prosper.
Wait, or you will be slaughtered!
  • #38,118
  • Oct 19, 2016 1:06pm Oct 19, 2016 1:06pm
Quoting Uturn2
From Jed and Kirk Norwood: If you follow your indicators, and trade the way you read the market, then you will be in the minority. For every winner there are nine losers. That is why the winners win so big, and the losers keep on doing what they do, and keep on losing. Then they still wonder what is happening to them, and why they can not make money in the market. I use all of this noise as a heads up to check my indicators, get my own reading on the market, then make my own decision. The more noise I hear that the market is going in a certain direction,...
Quality post ! Thank you

Like this: "waiting for the market to tell you what to do."

my 2 cents: trade against yourself and do your best to trade with the market
  • #38,119
  • Edited 1:47pm Oct 19, 2016 1:21pm | Edited 1:47pm
Gold h4 chart
silver h4 chart
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  • #38,120
  • Edited 1:44pm Oct 19, 2016 1:30pm | Edited 1:44pm
Waiting for possible shorts

GOLD #1210.00
SILVER #16.684
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