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

  • #46,821
  • May 18, 2018 11:49am May 18, 2018 11:49am
Quoting theDHT
{quote} target at 1303 (ish)! good luck!

channel appears to be holding up on H4, which would imply a max target at 1311 by next wednesday

after that, i think the night train fires up again

good luck!

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90% of people, are wrong about 90% of everything, 90% of the time...
  • #46,822
  • May 18, 2018 11:52am May 18, 2018 11:52am
Quoting theDHT
{quote} channel appears to be holding up on H4, which would imply a max target at 1311 by next wednesday after that, i think the night train fires up again good luck! {image}

if we close today under 1313, we are in defacto bearish bias on the longer term trend...

the next leg down should test the 1270/65 area
90% of people, are wrong about 90% of everything, 90% of the time...
  • #46,823
  • May 18, 2018 11:55am May 18, 2018 11:55am
Quoting pipsy7
{quote} -------7 - - - TP1 doable B4 mkts close [5PM EDT NY time] = imho Not taken my 28 xu pos. over d wkEnd !
-------7

------- Update =2:37PM EDT [NYtime] banked all 28 pos. @TP1 = goin Flat into d wkEnd !

dont forget FX_Rule #1
da n0o0b + $hit_Disturber
  • #46,824
  • May 19, 2018 9:00am May 19, 2018 9:00am
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da n0o0b + $hit_Disturber
  • #46,825
  • May 19, 2018 12:35pm May 19, 2018 12:35pm
Most likely move off the lows (so far not even a 23.6% retracement) is just a correction (wave a of abc on H1 chart) to the main down trend.
  • #46,826
  • May 20, 2018 9:32pm May 20, 2018 9:32pm
Quoting SunTrader
Most likely move off the lows (so far not even a 23.6% retracement) is just a correction (wave a of abc on H1 chart) to the main down trend.
agreed,

a minor retracement and then impulse down to the next major support (1265/1270) would be ideal before the next fed statement in a few weeks

fwiw, i have pending orders waiting between 1303 and 1311 (sell limit, with a $10-$15 stop loss)

depending on how she plays, if we break down through major support, theres a risk that the floor may drop out as it would expose the 1230-1200 region as a first step.

on a weekly basis, this market can easily hit the 1180 region and yet remain bullish, for that would simply be a retest of the resistance trend line that was broken in 2017.
90% of people, are wrong about 90% of everything, 90% of the time...
  • #46,827
  • May 20, 2018 9:48pm May 20, 2018 9:48pm
Good observation mate.

Trade safe and prosper.

KP

Quoting theDHT
{quote} .... on a weekly basis, this market can easily hit the 1180 region and yet remain bullish, for that would simply be a retest of the resistance trend line that was broken in 2017.
Do your homework, follow the footprints of smart money
  • #46,828
  • May 20, 2018 9:59pm May 20, 2018 9:59pm
for new short position it may be better to wait the break of the support 1285 on Daily
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  • #46,829
  • May 20, 2018 11:47pm May 20, 2018 11:47pm
Inserted Video
  • #46,830
  • May 21, 2018 4:08am May 21, 2018 4:08am
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  • #46,831
  • May 22, 2018 3:36am May 22, 2018 3:36am
Quoting atom3
I don't know if 16.00 is next for silver or 5.00$, maybe it will go for free tomorrow. But I know for certain that I am long from 16.26$ and am looking for 16.80 at least but preferably 17$.
I just closed this long if mine in a risky move. Not because I believe in any bearish move or what so ever but in order to get a beter price hope I dont miss the race to 17$ by doing so...
  • #46,832
  • Edited May 23, 2018 4:28am May 22, 2018 5:23am | Edited May 23, 2018 4:28am
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da n0o0b + $hit_Disturber
  • #46,833
  • May 23, 2018 4:32am May 23, 2018 4:32am
Quoting pipsy7
{image}
hth =
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da n0o0b + $hit_Disturber
  • #46,834
  • May 23, 2018 6:52am May 23, 2018 6:52am
Gold had a beautiful day today, 80 points late evening and another 90 in the morning and if you say this is not enough profit for the day then I would suggest you find another cross to trade.
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  • #46,835
  • May 23, 2018 7:46am May 23, 2018 7:46am
You are confusing price movement with profit. No one catches the top and bottom of every move.
  • #46,836
  • May 23, 2018 8:10am May 23, 2018 8:10am
Quoting SunTrader
You are confusing price movement with profit. No one catches the top and bottom of every move.
... unless of course, you're half batman and half bobby axelrod...

90% of people, are wrong about 90% of everything, 90% of the time...
  • #46,837
  • May 23, 2018 8:46am May 23, 2018 8:46am
Use pending orders... LoL...
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -1,277
  • #46,838
  • May 23, 2018 8:48am May 23, 2018 8:48am
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da n0o0b + $hit_Disturber
  • #46,839
  • May 23, 2018 10:16am May 23, 2018 10:16am
Quoting jorgen.fx
Weekly have up trend line coming in around 1285 and a 61.8% retracement at 1286 so this is an interesting level. Im going for a scalp long, fingers crossed hehe.
Not bad, not bad at all.. I don't mind that trend line on the RSI at all and it shocks me that I have not even throught of it. Cheers.
A genius is born every minute, me I am lucky if my socks match.
  • #46,840
  • May 24, 2018 7:00am May 24, 2018 7:00am
Trump Calls Off Historic Meeting With North Korea's Kim


never a dull moment with our fearless leader!

PM's are poppin'... wonder how much gas is in that tank!

for my money, i'll exit my long at 1313 if we get there!

good luck
90% of people, are wrong about 90% of everything, 90% of the time...
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