XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 2174 | Forex Factory

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

  • #43,461
  • Sep 21, 2017 10:21am Sep 21, 2017 10:21am
Quoting SunTrader
{quote} Always wise to do. Let others be brave ... and not smart about it risking unnecessarily.
It did fall to $1,300 and even below that but I don't regret not opening a position. I prefer not to trade during the news.
  • #43,462
  • Edited Sep 22, 2017 4:24am Sep 21, 2017 12:21pm | Edited Sep 22, 2017 4:24am
Quoting james1254
{quote} It did fall to $1,300 and even below that but I don't regret not opening a position. I prefer not to trade during the news.
Trading news can be done by you sizing down your position with bigger spread in mind and larger pips in risk in mind.

Say for gold a $10 move is 2% on a regular note for you, during news you can make a $10 move 0.5% or less. Nothing is different in comparison to you getting stop out for 2% for $10 move in comparison to $40 for 2% the same. "Never be afraid to trade be afraid to lose money"
  • #43,463
  • Sep 21, 2017 12:54pm Sep 21, 2017 12:54pm
mmmmh

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practising coitus interruptus
  • #43,464
  • Sep 21, 2017 1:55pm Sep 21, 2017 1:55pm
Silver is looking awfully bearish.
instagram: stepbystepforex
  • #43,465
  • Sep 21, 2017 3:24pm Sep 21, 2017 3:24pm
Since that post was made, price action has moved away from that zone over 200 pips southward.

Trade safe and prosper.

KP

Quoting KeenPips
The 38.2 fib retracement zone of the most recent swing low on the D1 tf is holding as resistance atm. Trade safe and prosper. KP
Do your homework, follow the footprints of smart money
  • #43,466
  • Sep 21, 2017 9:37pm Sep 21, 2017 9:37pm
The Dow Index topped - Gold bottomed ?!

Sixer
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  • #43,467
  • Sep 21, 2017 10:26pm Sep 21, 2017 10:26pm
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  • #43,468
  • Sep 22, 2017 1:32am Sep 22, 2017 1:32am
Quoting avibe
mmmmh {image}
+70

BUY THE RUMOR SELL THE FACT!

RUMOR : So Kim wants to test the H-Bomb ( Homo Bomb?) over the weekend

FACT: Wait for Monday

Keep it simple - Keep buying , if the mofo doesn't nuke - Sell the fact as in sell gold on Monday/Tuesday

If the nukes over the weekend... keep buying on monday

not too hard no??? - i told her last night
practising coitus interruptus
  • #43,469
  • Sep 22, 2017 3:51am Sep 22, 2017 3:51am
Quoting Visionary
{quote} I would prefer to see even a buy scalp form to even consider long. i don't practice to pick bottom or tops, but i know the area to look for them. But selling the rallies is my prefer trades for now. I suspect we will get a PM fix below 1296.xx which will start the 1280.xx leg and possible 1248.xx money on the table play expecting a correction after the 1280.xx leg at the moment a buy scalp is forming at 1293.xx against 1291.xx Risk but not yet confirm and i am not too interesting in playing it. Note buy and sell scalp or the earliest of...
Hi Visionary, been following your posts since I joined FF early this week. I really like what u posted. One question: I noticed some of ppl been saying gold will retrace back to 130x or 131x before making its way down to 128x, mind if u share u opinions on this? Thanks
Live to fight another day
  • #43,470
  • Sep 22, 2017 4:40am Sep 22, 2017 4:40am
The 22 September am fix for gold and silver are 1297.00 and 16.95 (http://www.kitco.com/gold.londonfix.html), not too different from the pm fix yesterday. The prices have been at these numbers throughout the Sydney/Tokyo and London sessions. Also keen to see Visionary's comments on the state of play.
  • #43,471
  • Sep 22, 2017 5:09am Sep 22, 2017 5:09am
Quoting James0205
{quote} Hi Visionary, been following your posts since I joined FF early this week. I really like what u posted. One question: I noticed some of ppl been saying gold will retrace back to 130x or 131x before making its way down to 128x, mind if u share u opinions on this? Thanks
Good Morning James from my side of the world. https://www.forexfactory.com/showthr...8#post10313498 A buy scalp did confirm at 1291.xx against 1288.xx RISK yesterday i did not play it. Once i am posting on the forum i call my trades live not delay after the facts. The upside is limited by 1318.xx at the moment, i prefer to sell against 1318.xx as my overall risk at the moment. I will only look for buy scalp set up to get in after 1280.xx or possible 1248.xx. However geopolitics is showing today and over the weekend once again. Some of it was noted earlier by this post https://www.forexfactory.com/showthr...1#post10317181 plus the Prime Minister May coming up. So at the moment just moving my stop for my 1351.xx entry and looking for sell on my other Manage Us account against 1318.xx risk for now.

Quoting Vitallica
The 22 September am fix for gold and silver are 1297.00 and 16.95 (http://www.kitco.com/gold.londonfix.html), not too different from the pm fix yesterday. The prices have been at these numbers throughout the Sydney/Tokyo and London sessions. Also keen to see Visionary's comments on the state of play.
Well noted a balance in play. Which is inline with the the Buy scalp set up at 1291.xx against 1288.xx Risk. Lets see if PM Fix take us over or stay below that 1297.xx Note also that the week highest Fix came from Tokyo at 1314.xx and we still below it. which tell us that the week is still on a down trend. This will be point of reference to signal upwards momentum when bulls are ready.
  • #43,472
  • Sep 22, 2017 5:35am Sep 22, 2017 5:35am
Quoting Visionary
{quote} Good Morning James from my side of the world. https://www.forexfactory.com/showthr...8#post10313498 A buy scalp did confirm at 1291.xx against 1288.xx RISK yesterday i did not play it. Once i am posting on the forum i call my trades live not delay after the facts. The upside is limited by 1318.xx at the moment, i prefer to sell against 1318.xx as my overall risk at the moment. I will only look for buy scalp set up to get in after 1280.xx or possible 1248.xx. However geopolitics is showing today and over the weekend...
Scalp sell has form at 1296.xx against 1298.xx RISK within the Mid Term once again always the safest and best trades you can make in your trading journey. Staying with the trend. i will wait on the London cover to see if i can get a entry or if it breach it higher.
  • #43,473
  • Sep 22, 2017 8:34am Sep 22, 2017 8:34am
Quoting Visionary
{quote} Scalp sell has form at 1296.xx against 1298.xx RISK within the Mid Term once again always the safest and best trades you can make in your trading journey. Staying with the trend. i will wait on the London cover to see if i can get a entry or if it breach it higher.
The even Fix at 1294.xx below 1297.xx with Bulls scalp having the edge in play still against 1288.xx RISK still in play without a break. However we still have Fix continuation with 1280.xx in sight as a play to watch. A complex play for beginners, but sticking to the Mid Term trend is always the safest trade to take.
  • #43,474
  • Sep 22, 2017 8:55am Sep 22, 2017 8:55am
Quoting Visionary
{quote} Good Morning James from my side of the world. https://www.forexfactory.com/showthr...8#post10313498 A buy scalp did confirm at 1291.xx against 1288.xx RISK yesterday i did not play it. Once i am posting on the forum i call my trades live not delay after the facts. The upside is limited by 1318.xx at the moment, i prefer to sell against 1318.xx as my overall risk at the moment. I will only look for buy scalp set up to get in after 1280.xx or possible 1248.xx. However geopolitics is showing today and over the weekend...
Thanks for the reply Visionary, its almost midnight here at my place. I've got 2 negative longs trades at 1301.xx, so waiting for the retracement/correction trend to close those 2 trades. Btw, ive just started learning to trade this month, a lot to learn. Any advise for beginners like me? Thanks
Live to fight another day
  • #43,475
  • Sep 22, 2017 10:56am Sep 22, 2017 10:56am
Quoting James0205
{quote} Thanks for the reply Visionary, its almost midnight here at my place. I've got 2 negative longs trades at 1301.xx, so waiting for the retracement/correction trend to close those 2 trades. Btw, ive just started learning to trade this month, a lot to learn. Any advise for beginners like me? Thanks
Hi

I see you are from Malaysia, i have a friend and student from there. Maybe i should arrange for you guys to link up. I hope as much as you have just start to learn to trade this months you are using a demo account to get started http://mybookbinary.com/ also risk is the name of the game know your risk tolerance and what you can afford to lose at all time before you open a trade. This way you don't get stress when you have a trade on. Everyone want to win and make money out this business that is why people attempt to get in. "Never be afraid to trade be afraid to lose money" So know your risk is my first advise to you and everyone else. If you know your risk and accept that is your risk and you stick to it, then your learning curve will not be stressful. Being stressless will safe you grey hair and a lot more things that you will recognize as time go by.
  • #43,476
  • Sep 22, 2017 11:06am Sep 22, 2017 11:06am
Quoting James0205
{quote} Thanks for the reply Visionary, its almost midnight here at my place. I've got 2 negative longs trades at 1301.xx, so waiting for the retracement/correction trend to close those 2 trades. Btw, ive just started learning to trade this month, a lot to learn. Any advise for beginners like me? Thanks
Concerning your trade the daily Roll/the daily close is shaping to be a BULLISH one with BEARISH Week which might give you a fighting chance to get out, if it break above 1298.xx it will attempt 1304.xx first.
  • #43,477
  • Sep 22, 2017 11:10am Sep 22, 2017 11:10am
Quoting Visionary
{quote} Trading news can be done by you sizing down your position with bigger spread in mind and larger pips in risk in mind. Say for gold a $10 move is 2% on a regular note for you, during news you can make a $10 move 0.5% or less. Nothing is different in comparison to you getting stop out for 2% for $10 move in comparison to $40 for 2% the same. "Never be afraid to trade be afraid to lose money"
I will certainly take your advice under consideration. Though I will probably do what you suggest on a demo account at least the first few times until I get used to it.
  • #43,478
  • Edited Oct 10, 2017 12:33pm Sep 23, 2017 10:38am | Edited Oct 10, 2017 12:33pm
Hope you all having a great weekend and positioning yourself for the coming trading week. And at the same time enjoying your profit for those who made some last week. Just wanted to share my most recent post with the forum as to prove to my trading results on my new management venture on gold trading. It is said that seeing is believing and the prove is in the pudding. So here is my latest results. Not selling anything just want to be transparent to my students and followers. Continue to have bless weekend.

{ information deleted by staff, per membership policy }
  • #43,479
  • Sep 23, 2017 1:18pm Sep 23, 2017 1:18pm
Quoting Visionary
...So here is my latest results. Not selling anything just want to be transparent to my students and followers. Continue to have bless weekend.../
Nice results...
What is the 2397 pips loss trade I wonder.
  • #43,480
  • Sep 23, 2017 3:09pm Sep 23, 2017 3:09pm
Quoting Traderak
{quote} Nice results... What is the 2397 pips loss trade I wonder.
I think the broker calculate pips as piplets price so it was either 23.97 pips lost or 239.7 lost but not 2397 unless we count it like that since it was gold it was either $2.397 0r $23.97. i suspect $23.97 on buy cover at $1318.xx to 1294.xx against my sell order that is the only trade comes to mine.
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