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

  • #23,401
  • Apr 15, 2013 8:49am Apr 15, 2013 8:49am
Quoting MKFXTrader
The trend has definitely been down especially after we broke out of the multi year range support. Who in their right mind going long?
Probably half the people following this topic.
  • #23,402
  • Apr 15, 2013 8:51am Apr 15, 2013 8:51am
Quoting MKFXTrader
The trend has definitely been down especially after we broke out of the multi year range support. Who in their right mind going long?
Trend has been down from beginning of the year....

Call me crazy then, but going long with tight SL is riddiculusly easy at the moment. Today i have had 2 longs with all BE exits. Nothing lost.
Sooner or later i will catch the right entry and cash 1000+ pips easy.
Also i had 2 shorts. +120 and +60.

On long term, i wouldnt go long or neither short now. Scalps are ideal for current situation.
  • #23,403
  • Apr 15, 2013 8:52am Apr 15, 2013 8:52am
Quoting Pipaddiction
Call me crazy then, but going long with tight SL is riddiculusly easy at the moment. Today i have had 3 longs with all BE exits. Nothing lost. Sooner or later i will catch the right entry and cash 1000+ pips easy. Also i had 2 shorts. +120 and +60. On long term, i wouldnt go long or neither short now. Scalps are ideal for current situation.
Yes, but scalp with the trend not counter. Picking bottoms, leads to smelly fingers. GL.
  • #23,404
  • Apr 15, 2013 8:55am Apr 15, 2013 8:55am
Quoting MapleLeaf
You can never know... it's 50-50... This is like RED or Black in Roulette. Anything can happen, and NOBODY can predict the market, it doesn't matter if they have 90000+ vouchers or are so called "PRO TRADERS"... It's gambling, unless you have inside information from financial companies like GoldmanSachs or Morgan Stanley or PIMCO, just to name a few...
It is black and white on my chart, white chart - black bars.

And those black bars are like a runaway train screaming down hill.

Can't be anymore obvious to someone with normal vision.

But what is black and white and plain as day are those who are suffering with this drop. The ones who look for excuses and finger point.

Same thing happens when price is going the other way - up.

Shoe is on the other foot. And ya know when that happens. Bada bing.
  • #23,405
  • Apr 15, 2013 8:58am Apr 15, 2013 8:58am
Quoting Pipaddiction
..... Sooner or later i will catch the right entry and cash 1000+ pips easy.....
Swimming against the tide ........ is never easy.

Go with the flow is.
  • #23,406
  • Apr 15, 2013 9:16am Apr 15, 2013 9:16am
tomorrow speak fed people...
  • #23,407
  • Apr 15, 2013 9:24am Apr 15, 2013 9:24am
I still don't understand why people are complaining about some kind of "manipulation".

If you think price must go up, and it is going down. It is obvious that you are the one being manipulated, not the price.

It is self-deception!
  • #23,408
  • Apr 15, 2013 9:28am Apr 15, 2013 9:28am
Quoting ddinnov
I have to disagree - charts could give a clearer picture than they are right now. Without inside information the best we can do is read the charts to ascertain big money orderflow. That can be quite tricky but in this case it's about as easy as it gets.

That's what you think. You are convincing yourself after a good trade. Classic from every single traders.

Do you make a living TRADING RETAIL FOREX ? Have you done a living for the past 5 years in a row, trading RETAIL FOREX ?

Retail Forex traders do think that they're "investing" on a skills based assumption rather than gambling. They are gamblers, but most of them don't know about this.

You believe there are systems, and indicators and Price Action to predict the future. Nobody can predict what will happen. And those indicators, ALL LAG Big time, and won't reduce the HOUSE EDGE, if any. Even if you consider there is an edge, well.. In BlackJack and Roulette you have an edge too. So, we are talking about a Gambling Business here.

Sure, right now you can do a good trade and believe that it was thanks to your indicators... You wil be entusiastic, feeling like Shia Labeuf in Wall Street 2 and feeling like a winner and intelligent trader... Sure, enjoy that belief if you want.

In long term, you will lose, like everyone else.

Of course you will now dislike me for telling you the truth, but believe me... You will lose long term like 99.6% of traders LOSE.

That's the sad truth.
The Black Swan: The Impact of the Highly Improbable
  • #23,409
  • Apr 15, 2013 9:28am Apr 15, 2013 9:28am
manipulation ıs not new ıssue, but losers are new...
  • #23,410
  • Apr 15, 2013 9:53am Apr 15, 2013 9:53am
Quoting ddinnov
This is the most sensible view I can see right now. I'm reliving painful memories of Sept 2011 trying to pick the bottom of that move. This time I'm short This bull is a hamburger for now.
You know what they say about picking bottoms.........you get stinky fingers!
  • #23,411
  • Apr 15, 2013 9:57am Apr 15, 2013 9:57am
Market talk that a major firm has had a margin call on Gold and Silver! Hopefully it's no one here.
  • #23,412
  • Apr 15, 2013 10:05am Apr 15, 2013 10:05am
Quoting MKFXTrader
Market talk that a major firm has had a margin call on Gold and Silver! Hopefully it's no one here.
A major firm ... here?



Or do you mean also.
  • #23,413
  • Apr 15, 2013 10:13am Apr 15, 2013 10:13am
Quoting SunTrader
A major firm ... here? Or do you mean also.
  • #23,414
  • Apr 15, 2013 10:31am Apr 15, 2013 10:31am
http://www.silverseek.com/article/en...ommenced-10961

hi All,

please see this article can any one verify it.
i need opinions from KADC about it, how the reduction in supply going to effect,
as long supply / demand works, it says price will go up.
and GOLDMAN SACHS says price wil go down,

so i guess goldman sachs will win again.
  • #23,415
  • Apr 15, 2013 10:43am Apr 15, 2013 10:43am
http://www.silverseek.com/article/en...ommenced-10961

hi All,

please see this article can any one verify it.
i need opinions from KADC about it, how the reduction in supply going to effect,
as long supply / demand works, it says price will go up.
and GOLDMAN SACHS says price wil go down,

so i guess goldman sachs will win again.


The news is true. But maximum impact would be of about 6 tons of Gold per annum. Compare that with the leveraged choreographed naked short of 400 tonnes on put options on futures that got the price here that's killing us.
  • #23,416
  • Apr 15, 2013 10:56am Apr 15, 2013 10:56am
ıf 1338 broken than everythıng possıble... may ı dont trade gold under 1338 anymore...
  • #23,417
  • Apr 15, 2013 11:50am Apr 15, 2013 11:50am
Quoting prototip
attack to 1391 possıble...
Quoting prototip
ıf 1338 broken than everythıng possıble... may ı dont trade gold under 1338 anymore...
...waıtıng for 1391...
  • #23,418
  • Apr 15, 2013 12:01pm Apr 15, 2013 12:01pm
smartass, you have been waiting all day for the bull to appear ... the only thing that appeared are more sellers ... the money is on the short side if you didn't get it ... the only chance longs had was that gold bounced this morning on London opening, that didn't happen ....
  • #23,419
  • Apr 15, 2013 12:17pm Apr 15, 2013 12:17pm
Two powerful explosions being reported at Boston marathon. Equity sells off and Gold bounces $18.00 once it was reported.
  • #23,420
  • Apr 15, 2013 12:17pm Apr 15, 2013 12:17pm
and we are selling off again allready ...
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