XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1912 | Metals Mine

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

  • #38,221
  • Edited 10:33am Oct 26, 2016 10:06am | Edited 10:33am
Long 1268.8 Initial SL 1262.4 [-6.4] TP 1277.5 [+8.70]
Short Term trade.
Cheers, U2

Edit: XAUUSD 5M Chart added:
Possible retracement level[s]
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 161026 5M [1].png Size: 46 KB
Wait, or you will be slaughtered!
  • #38,222
  • Oct 26, 2016 11:17am Oct 26, 2016 11:17am
XAUUSD Wave retracements and projections:
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 161026 XL [1].png Size: 35 KB
Wait, or you will be slaughtered!
  • #38,223
  • Oct 26, 2016 12:00pm Oct 26, 2016 12:00pm
Quoting Uturn2
Long 1268.8 Initial SL 1262.4 [-6.4] TP 1277.5 [+8.70] Short Term trade. Cheers, U2 Edit: XAUUSD 5M Chart added: Possible retracement level[s] {image}
Out 1266.20
Wait, or you will be slaughtered!
  • #38,224
  • Oct 26, 2016 12:06pm Oct 26, 2016 12:06pm
Im long 1265. Hoping for support 1263/64 area.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #38,225
  • Oct 26, 2016 12:37pm Oct 26, 2016 12:37pm
Quoting jorgen.fx
Im long 1265. Hoping for support 1263/64 area.
I went Long too soon [obvious now].
Nice pin bar [Doji] on a 30M Chart.
I'll wait another hour or so and see if this level holds.
Cheers, U2
Wait, or you will be slaughtered!
  • #38,226
  • Oct 26, 2016 12:51pm Oct 26, 2016 12:51pm
Believe this is in no way an I told you so - after the fact. I've entered too soon more times than I care to admit to. But on a 5 minute chart - since 3am NYTime - nothing but lower lows, lower highs which is not good for going long:
Attached Image (click to enlarge)
Click to Enlarge Name: Gold LH LL.png Size: 53 KB
  • #38,227
  • Oct 26, 2016 1:23pm Oct 26, 2016 1:23pm
XAUUSD 4H Chart:
This is the count I'm looking at.
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 161026 4H [1].png Size: 50 KB
Wait, or you will be slaughtered!
  • #38,228
  • Oct 26, 2016 1:26pm Oct 26, 2016 1:26pm
Yes I understand but don't you look at a lower timeframe to time your entries??
  • #38,229
  • Oct 26, 2016 1:33pm Oct 26, 2016 1:33pm
Gold sits on 1266, the 61.8% of the last move up on H1. Stochastic is oversold and starting to cross over. So theres a chance it will pull back to 1270. If not I close in break even at 1265.

Daily is starting to look like a bear flag isnt it?
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #38,230
  • Edited 1:48pm Oct 26, 2016 1:38pm | Edited 1:48pm
XAUUSD 4H Chart:
Edit: If Wave (ii) Grey correct:

Minimum Wave (iii) Grey Target: $1293.6
[176.4% projection of Wave (i) Grey].

Edit: Plenty of upside, so I'll give it some time to base,
and see if the Asian session turns it around.
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 161026 4H [2].png Size: 64 KB
Wait, or you will be slaughtered!
  • #38,231
  • Oct 26, 2016 1:50pm Oct 26, 2016 1:50pm
Quoting SunTrader
Yes I understand but don't you look at a lower timeframe to time your entries??
http://www.forexfactory.com/showthre...63#post9219563
Cheers, U2
Wait, or you will be slaughtered!
  • #38,232
  • Oct 26, 2016 2:04pm Oct 26, 2016 2:04pm
Quoting jorgen.fx
Gold sits on 1266, the 61.8% of the last move up on H1. Stochastic is oversold and starting to cross over. So theres a chance it will pull back to 1270. If not I close in break even at 1265. Daily is starting to look like a bear flag isnt it?
Seeing a Wave (i) Long forming.
Waves (i) and (v) are usually bumpy and can conform to channels.
Cheers,U2
Attached Image
Wait, or you will be slaughtered!
  • #38,233
  • Oct 26, 2016 2:28pm Oct 26, 2016 2:28pm
Quoting Uturn2
{quote} http://www.forexfactory.com/showthre...63#post9219563 Cheers, U2
Let me try this again -

Yes I understand but don't you look at a lower timeframe to time your entries?? .... for moves on the 4H chart?
  • #38,234
  • Oct 27, 2016 12:33am Oct 27, 2016 12:33am
XAUUSD 4H Chart:
Long 1268 TP 1293
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 161027 4H [1].png Size: 61 KB
Wait, or you will be slaughtered!
  • #38,235
  • Oct 27, 2016 12:56am Oct 27, 2016 12:56am
Inserted Video
  • #38,236
  • Oct 27, 2016 4:23am Oct 27, 2016 4:23am
Quoting Aleksbuk
http://www.youtube.com/watch?v=qCv4Rh8nT_M
Nice one. It is according how I look it.

I add 1H chart with some new S/R levels that has formed on the 1H chart and my short term expectations.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 44 KB
Trading in the shadow of SM
  • #38,237
  • Oct 27, 2016 7:14am Oct 27, 2016 7:14am
Quoting SunTrader
{quote} Let me try this again - Yes I understand but don't you look at a lower timeframe to time your entries?? .... for moves on the 4H chart?
So you have no answer. Ok.
  • #38,238
  • Oct 27, 2016 7:31am Oct 27, 2016 7:31am
Quoting SunTrader
{quote} So you have no answer. Ok.
maybe just maybe people do not feel the need to answer your questions do you pay his rent? are you his wife? or mum/dad is he your son??
  • #38,239
  • Oct 27, 2016 7:45am Oct 27, 2016 7:45am
  • #38,240
  • Oct 27, 2016 8:13am Oct 27, 2016 8:13am
Quoting Ross88
{quote} maybe just maybe people do not feel the need to answer your questions do you pay his rent? are you his wife? or mum/dad is he your son??
Inserted Video
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