XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1887 | Forex Factory

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

  • #37,721
  • Oct 1, 2016 2:40am Oct 1, 2016 2:40am
Quoting cvds16
I got back short again in silver when the 4H bar started to engulf @ 19.23 ... it was wild yesterday there ...
Do you think it will continue falling towards 19.00 again?
  • #37,722
  • Oct 1, 2016 2:49am Oct 1, 2016 2:49am
no idea, I just do price action ... not targets ...
just study lots of charts and look what happens at their turning points and write down rules ...
I still make mistakes at times but that's because my rules weren't in place yet or misread them ... charts don't lie ...
  • #37,723
  • Oct 1, 2016 3:35am Oct 1, 2016 3:35am
Quoting mlawson71
{quote} Do you think it will continue falling towards 19.00 again?
I just saw we have a weekly inside bar in silver. A test of that seems obvious to me ... so 18.93 is a given.
It could get uglier though.
  • #37,724
  • Oct 1, 2016 4:29am Oct 1, 2016 4:29am
Quoting jorgen.fx
Im long @ 1315 . No idea where its going but looks like some support. This september is the first month in my trading career that I actually make more money on trading than my day job. Amazing.
Congratulations m8. Time to think about changing your career.
  • #37,725
  • Oct 1, 2016 6:38am Oct 1, 2016 6:38am
In my opinion, Gold will hold 1300 level this time again. Trump and US debt ceiling factor to push it higher than 1380 level.
  • #37,726
  • Oct 1, 2016 6:50am Oct 1, 2016 6:50am
Quoting Mr.Dan
{quote} Congratulations m8. Time to think about changing your career.
And I thought just the opposite when I read "No idea where its going but looks like some support."

No idea but looks like - sure doesn't sound like someone who knows what they doing. It sounds like someone who got lucky.
  • #37,727
  • Oct 1, 2016 3:35pm Oct 1, 2016 3:35pm
Quoting SunTrader
{quote} And I thought just the opposite when I read "No idea where its going but looks like some support." No idea but looks like - sure doesn't sound like someone who knows what they doing. It sounds like someone who got lucky.
This is what Im doing.
1) I identify levels on H1/H4/D1 where the price may reverse or at least make a small reaction. Then I wait and see what happens when the price goes there.
2) I look for rejection. I don't always know why the price sometimes just stops at a specific level. If it stays there for a while on H1 (2-3 bars) I go for a reversal trade.
3) Stay updated on news so I know when not to trade and get an ida of a possible direction.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #37,728
  • Oct 1, 2016 3:46pm Oct 1, 2016 3:46pm
Quoting SunTrader
{quote} And I thought just the opposite when I read "No idea where its going but looks like some support." No idea but looks like - sure doesn't sound like someone who knows what they doing. It sounds like someone who got lucky.
Gold has been a luck game this year, i stopped trading it as it is unpredictable. If using SL and trading S/R levels it is not that hard.
  • #37,729
  • Oct 2, 2016 7:17am Oct 2, 2016 7:17am
oil is in an w1 uptrend ,
close Q at big RN
Attached Image (click to enlarge)
Click to Enlarge Name: Oil - Brent Crude (DFB).png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #37,730
  • Edited 7:33am Oct 2, 2016 7:22am | Edited 7:33am
its not convincing ,only we open with bear picking up would I believe while over major zone
also consolidation
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Spot Silver w1 (DFB).png Size: 30 KB
Click to Enlarge Name: Spot Silver q2 (DFB).png Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #37,731
  • Oct 2, 2016 7:41am Oct 2, 2016 7:41am
consolidation cause crazy moves ,hammer produced a move ,hammer is point of immediate reference
read upper wick as buyers ,see open could bounce around in space


Quoting Bones
with silver be careful ,1.9 some higher lows off major zone these bear candles still only within in 1 end of month tomorrow currently inverted hammer ,this is consolidation I'm thinking thats the low of week today pull back of hammer {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Silver d1 (DFB).png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #37,732
  • Oct 2, 2016 3:07pm Oct 2, 2016 3:07pm
Opened long @ 1318 SL 1313 and TP is open. Will see what happens, off to sleep.
  • #37,733
  • Oct 2, 2016 10:21pm Oct 2, 2016 10:21pm
Gold is still in wave a of complex correction (4), due to terminate near 1290, before moving up on b.
Tracking it and setup for longs near 1290.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 3Oct16.png Size: 80 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #37,734
  • Oct 3, 2016 7:38am Oct 3, 2016 7:38am
reversed to long in silver @ 19.02
  • #37,735
  • Oct 3, 2016 7:40am Oct 3, 2016 7:40am
Triangle pattern on 4H. Good opportunity.

Long at 1312, TP 1 - 1327 , TP2 - 1332, SL - 1303
  • #37,736
  • Oct 3, 2016 8:35am Oct 3, 2016 8:35am
Long XAUUSD # 1312.20 STP 1309 T Open

https://charts.mql5.com/12/692/xauus...al-markets.png
  • #37,737
  • Oct 3, 2016 9:33am Oct 3, 2016 9:33am
Quoting jayleo
Triangle pattern on 4H. Good opportunity. Long at 1312, TP 1 - 1327 , TP2 - 1332, SL - 1303
Long here we go, look at Gold on daily and you will see a cool and obvious Head and shoulder, LONG all the way
  • #37,738
  • Oct 3, 2016 9:34am Oct 3, 2016 9:34am
got out for a 0.12 loss in silver
  • #37,739
  • Oct 3, 2016 9:35am Oct 3, 2016 9:35am
Quoting uncletrumpet
{quote} Long here we go, look at Gold on daily and you will see a cool and obvious Head and shoulder, LONG all the way
there are more than triple bottom here, 1310 is a hard cookie, I will hold my long all the way, Usd/jpy is the one threatening the upward move of gold
  • #37,740
  • Oct 3, 2016 10:25am Oct 3, 2016 10:25am
back to short in silver @ 18.852
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