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

terima kasih for the explanation

SL:1263
SELLSTOP@1254
TP:1247.xx

Thank you sir
Xau in his bullish action
Hit 100 Fib exp for his upward step (1214-->1244-->1234)
Correction & profit taking started yesterday still supported above 61.8 fibexp & H1 100ma
Forming the left wing of the butterfly.. The right wing aims for the nearest 1268-->1272

ok, short gold 1266 stop loss 1269 in next 30 min

✔✔✔✔

why dont short any more . haha

I wonder how someone said this as strong down

i see Divergence signal on 4h so i short , if i lose, i still happy

i..1position@1256-tp1266
and..have..position..short..
sl1267

Me too, but it might be just a correction imo

Going short here too, hoping for close below 1261 today

Just wait for reversal to enter short.

Using the attached indicator we appear to be at the 78 level. I am only posting this because it's interesting to some people, maybe. Until I move to the mainland am stuck with the time zone and this pivot indicator helps but of course doesn't guarantee success, with the limit orders I use to trade. Copy paste from desktop.


61 specially 78 zone
Google Scott Carney 786 fib you'll get interesting results. 78Fib is not even on Fib Meta tool default setting and many traders are unaware of its significance.
"0.786 Retracement
The 0.786 retracement is the square root of the 0.618. The 0.786
retracement is the next critical area to examine, after the 0.618 has been
clearly violated. The 0.786 is a vital Fibonacci number because it is often
the last chance reversal area before retesting the original price point. Price
action that does not reverse from the 0.786 usually will retest, and often
break past the original starting point. Therefore, 0.786 failures are
significant because the stop loss limit will be clearly defined by the original
starting point and relatively small in comparison to the potential reversal.
The 0.786 retracement is fairly unknown in the industry, although I
believe that more technicians are becoming aware of its significance. In my
opinion, it is a crucial Fibonacci number, since it is one of the last harmonic
ratios before retesting a trends prior high or low and it can provide a clear
indication of the future direction based upon the price action at the number.
Another reason the 0.786 is a valuable Fibonacci number is because it
can often gauge potential opportunities, especially when the surrounding
market noise (information) suggests that the set-up is to be avoided. I
have observed many situations, where the information in the media is quite
contrary to what the price action at the 0.786 is indicating. If a stock is
trending strongly, the 0.786 projection frequently can serve as a key reversal
point, despite such contrary information. The following illustrations and
examples will elucidate this concept."

Don't wishing always trading. ....
Why most people here get short...

I dont know too

Nice & cute butterfly about to complete

What a great explanation my friend. Thanks
how long have you tried this indicator? Does it make a profit?

Aaaaand
Here we are

Why did not you write this yesterday?
Because it was descending. And you will wait 24 hours and you will not use market fluctuations, and your profit will be steadily diminishing.
We will profit from fluctuations. We see a lot of friends now. We did not see yesterday.
Why they did not have a profit and they had nothing to say.
Why should not be sold when down from 1264 to 1256?
Why should not 1256 long? Should we reduce our profits?
It is not rational I do not know why some people look at their profits but they insist on buying.
I do not exactly understand why when the price rises from 1256 to 1266, everyone is happy with long
But if someone is a stranger to you from 1266 to 1256 shortly?
The difference is that we save the profit and from the long 1256.