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Trading gold and silver only

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  • Post #1
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  • First Post: Apr 28, 2021 5:44am Apr 28, 2021 5:44am
  •  Pat494
  • | Joined Apr 2010 | Status: Member | 422 Posts
There may be a good reason to trade a very few commodities only,
1. You get to know their ups and downs intimately.
2. More confusion trading 20 - 30 pairs.
3 Both gold and silver react to world and market news,
4. get comfortable with these 2 before upping the stakes.
  • Post #2
  • Quote
  • Apr 28, 2021 7:44am Apr 28, 2021 7:44am
  •  Pat494
  • | Joined Apr 2010 | Status: Member | 422 Posts
What are your thoughts ?
Trading quality is surely preferable to quantity.
I have been trading on the forex market so far. Any of the pairs.
I might change to just gold and silver. Oil is another possibility.
 
 
  • Post #3
  • Quote
  • Edited 1:50pm Apr 28, 2021 7:49am | Edited 1:50pm
  •  Pat494
  • | Joined Apr 2010 | Status: Member | 422 Posts
Currently gold is on a bit of a slide imho.
 
 
  • Post #4
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  • May 3, 2021 3:35am May 3, 2021 3:35am
  •  YeGuCheng
  • | Additional Username | Joined May 2021 | 3 Posts
I'm interested in day-trading silver.

Sold silver at 26.111, TP 25.689, SL 26.532.

What do you think?
 
 
  • Post #5
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  • May 17, 2021 1:02pm May 17, 2021 1:02pm
  •  Pat494
  • | Joined Apr 2010 | Status: Member | 422 Posts
Attached Image (click to enlarge)
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Name: Gold.PNG
Size: 51 KB

gold flat at the moment
 
 
  • Post #6
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  • May 17, 2021 1:07pm May 17, 2021 1:07pm
  •  Pat494
  • | Joined Apr 2010 | Status: Member | 422 Posts
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Name: silver.PNG
Size: 51 KB

Silver flat too
 
 
  • Post #7
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  • May 17, 2021 1:28pm May 17, 2021 1:28pm
  •  Pat494
  • | Joined Apr 2010 | Status: Member | 422 Posts
This is the 1 M chart and there is the start of a possible break down.
Attached Image (click to enlarge)
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Name: Gold.PNG
Size: 53 KB
 
 
  • Post #8
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  • May 17, 2021 1:34pm May 17, 2021 1:34pm
  •  Pat494
  • | Joined Apr 2010 | Status: Member | 422 Posts
Quoting Pat494
Disliked
This is the 1 M chart and there is the start of a possible break down.{image}
Ignored
It was a fake move. The 1 minute chart is a bit unreliable.
 
 
  • Post #9
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  • May 17, 2021 2:11pm May 17, 2021 2:11pm
  •  Pat494
  • | Joined Apr 2010 | Status: Member | 422 Posts
Quoting YeGuCheng
Disliked
I'm interested in day-trading silver. Sold silver at 26.111, TP 25.689, SL 26.532. What do you think?
Ignored
Silver used to trade around the $15 to $18. But now seems to be on a rise.
Some on U-tube think it may go as high as $100 an ounce. A bit optimistic just yet.
 
 
  • Post #10
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  • May 18, 2021 3:30am May 18, 2021 3:30am
  •  Pat494
  • | Joined Apr 2010 | Status: Member | 422 Posts
Looks pretty flat to me so far. Could go either way imho
 
 
  • Post #11
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  • May 19, 2021 5:31am May 19, 2021 5:31am
  •  fontu
  • Joined Mar 2008 | Status: Name real with real own way | 18,717 Posts
Watching for 1845 limit! Breaks then 1800 next test! Take care
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Name: sketch-1621415313974.png
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Not understand?never follow my analyses!
 
 
  • Post #12
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  • May 21, 2021 6:20am May 21, 2021 6:20am
  •  Pat494
  • | Joined Apr 2010 | Status: Member | 422 Posts
Attached Image (click to enlarge)
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Name: Gold.PNG
Size: 48 KB

gently rising - 15M chart
 
 
  • Post #13
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  • Jun 7, 2021 5:11am Jun 7, 2021 5:11am
  •  GoldVolTradr
  • | Joined Jun 2021 | Status: Junior Member | 1 Post
Any update on Gold analysis?

Thanks!
 
 
  • Post #14
  • Quote
  • Edited 6:39am Jan 31, 2022 3:25am | Edited 6:39am
  •  deukae
  • Joined Jan 2022 | Status: Member | 412 Posts
Gold & silver trying to CT; long 89

Edit: Gold long, SL clos<83 TP near figure

Update: long Silver>Gold to reach TP, most likely. Might allocate on retrace

Update2: closed long G 92, switched to S at 46, adding if PA warranted
 
 
  • Post #15
  • Quote
  • Edited 9:14am Jan 31, 2022 7:18am | Edited 9:14am
  •  deukae
  • Joined Jan 2022 | Status: Member | 412 Posts
My view is it's got legs, will let run to London fix, SL close < 278, aim 81 res

Update: closed Long silver +5
why? Gold TP'd b4 Silver, got trolled too close to fix, prolly will mean revert some
 
 
  • Post #16
  • Quote
  • Jan 31, 2022 11:07am Jan 31, 2022 11:07am
  •  deukae
  • Joined Jan 2022 | Status: Member | 412 Posts
last try long S @ 46

Edit: 46 prev supp, got in at 50
 
 
  • Post #17
  • Quote
  • Jan 31, 2022 11:23am Jan 31, 2022 11:23am
  •  deukae
  • Joined Jan 2022 | Status: Member | 412 Posts
closed S, -5
 
 
  • Post #18
  • Quote
  • Edited 4:08pm Feb 1, 2022 11:56am | Edited 4:08pm
  •  deukae
  • Joined Jan 2022 | Status: Member | 412 Posts
Willing to play the long side, if it takes a whiff at 1802 again

Update: XAU$ Long half size at 03

Update2: Settled for 2.6 at R1, aim ~10, SL cl < figure

Update3: unloaded 1/2, SL if cl < 95.5, -0.2R

Update4: added 1/2 @98.7 / Upd5: closed 1/2 @ 00, +0.1R

Final: closed long BE, loss -0.1R
 
 
  • Post #19
  • Quote
  • Edited 4:36am Feb 3, 2022 2:49am | Edited 4:36am
  •  deukae
  • Joined Jan 2022 | Status: Member | 412 Posts
Gold prospectors, hi!
I like the short side: taking short 1805 to 08

Update: sold 04.5, SL clos> 08 TP 1796/7

Update2: shrt 06, new intermediate res
 
 
  • Post #20
  • Quote
  • Feb 3, 2022 4:01am Feb 3, 2022 4:01am
  •  deukae
  • Joined Jan 2022 | Status: Member | 412 Posts
If it comes to it, I'm gonna mine the res. vein from 05 to 07-07.50. Higher, it's damn pyrite, I'll get out of Dodge.
 
 
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