Yep, at the end of the day that is the bottom line. The instrument is volatile enough you can make money both directions, but the most with the major trend. I think it's just a some 'fun on the side' to try and guess where we are in the cycle.

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

Based on this CNBC series I'd say we are about to leave the bear trap and enter "media attention". Personally, I'd never buy GLD or any paper instrument representing precious metals. url . image

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

You forgot the muppets on CNBC saying that gold is in a bubble. Hmm, how long have they been saying that? Since $600 as far as I can remember, so it must be true. If you call the TOP every time gold makes a new high, one day you will be right. Every ...

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

Haha! Bitter man. No son, the problem is you don't understand the difference between 'trend' and 'direction'. The trend can be UP while the direction can be 'DOWN'. This is what confuses you. The TREND in gold is up, but the current direction is ...

XAU/USD Spot Gold

Haha! Nice one. I think the closest they have come to the philosopher's stone is gold plated tungsten bars. If you can't make it, fake it.

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

Personally I wouldn't mind seeing a retrace to the 1600 - 1550 area. A good 50% to 62% retrace would really be in line with making new highs down the road (Jan 2011 swing poing). Commodity bull markets run on average 17 - 22 years (Jim Rogers) and ...

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

Outside of the financial 'how much are you willing to pay" there is the emotional 'how much are you willing to pay". Then there is the "how much are you willing to sacrifice?" Career? Relationships? etc, etc...

How much are you ready to pay for Forex Stuff?

If it only worked that way...

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

What was your plan for TP when you entered the trade?

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

Shanghai upped the margin requirements on gold, hence the sell off. They basically pulled a CME in Asia. It'll be interesting to see if the CME ups the margins again.

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

Depends. In the USA you must have 1:1 leverage to trade the metals (non futures). So either you have a ton of cash and go with a U.S. broker or find a broker outside the states that is willing to take a U.S. customer.

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

Haven't use Netdania in ages and I didn't know it could do LOG charts. Very cool, Thank You.

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

Can anyone post a logarithmic chart of XAU/USD? Weekly and/or Monthly.

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

LMAO. Wow. Yeah, looks like it can take a beating.

Show us your workstation!

Yeah, the GS guys can actually expense their high end hookers as a business expense. NICE! I however cannot. There was documentary on it floating around somewhere on FF. It is my hope and dream that one day I can afford $3000/hr hookers though.

How much are you ready to pay for Forex Stuff?

Everyone puts so much weight on how great the "Big" financial institutions are with their lame algos (that always blow up in the end) and it really is a joke. All the major houses went bankrupt and needed Government bailout money to stay afloat. ...

How much are you ready to pay for Forex Stuff?

Taking the other side of your trade has nothing to do with trust. This is fallacy because the broker is 'making the market' and providing a service. Do yourself a favor and read a book on Market Microstructure or do search on FF for microstructure.

OANDA Discussion

video

The video store

There are days where I feel so in tune with the market and I wait for the setups, take them, and just nail it. Unfortunately those days are few. In all honesty I did quit a month or so ago, but decided to get back in. I'm going back to DEMO as of ...

That feeling you get...

I was looking for these on MyFxBook and FF's Trade Explorer, I didn't see them, but I think I can get these figured out. I know you don't post often, but when you do you make it count, so I really appreciate you taking the time to add a response.

That feeling you get...