I try to trade what I see and if market goes against me, my stop loss will do it's job. I don't care if I loose a trade. If the "mob" try to catch me, they will get too little from me. But when I win a trade I'll get back 2 or 3 times what I lost.

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

I've heard that a pinbar is valid when it pierces a S/R level and when it's nose protrudes out from previous candles highs or lows. In weekly, 2 candles ago was a pin bar, but didn't work. I'm still wondering a lot of things. One of them is if ...

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

kill56, I was thinking price can go up to 1682-85 and then go south. 1685 is last swing 61.8% fib retracement, but who knows. Maybe because of the double inside bars ind daily it won't happen, but who knows. Right now, i'm just waiting.

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

Yeah SunTrader. Note that bearish failure swing signals a probable reversal. At least it shows a correction. I guess it is invalidated if rsi crosses to the upside the imaginary line where it bounced down. I tend to use MACD and RSI just looking for ...

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

Hi Beeb. Can you upload the image again. I got a "Page not found" error message. btw, Thanks for sharing.

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

FX Tsunami. As i read, yo use RSI. RSI in Monthly chart shows a bearish failure swing. What do you think could be the worst scenario, based in daily macd divergence and this rsi bearish failure swing?

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

XTrade and FX Tsunami , thanks for your analysis. Great work! You gave us a lot to think about.

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

No, FX Tsunami. It's a link to madgimper's post. There is a link to an article in Reuters.

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

Recently found this article: http://www.forexpros.com/analysis/precious-metals-plunge-part-iii%20-116528

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

After watching Weekly chart, if price keeps going south, I'll like to buy at the test of the triangle and at the test of the ascendig trendline (oct 2008 - Dec 2011). Now 1580 makes sense to me.

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

I don't know if it is due to the fact that I only have a few months watching gold price going up and down, but as long as I've seen December sell-off, Feb 29 sell-off, and heard of September sell-off, I allways expect a significant change of ...

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

Thanks X. I made a Poor election of words with the hedge thing.

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

1660 level was broken all of a sudden. I decided not going long yet. I have a reason to be happy. I begun trading scalping and closing my trades the same day. Leaving an open trade was a nigthmare to me. This short was my first trade I decided to ...

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

lol. I see what you mean. Not all of them had the same purpose. Last H1 Image I posted was meant to show how easy is to miss a good TP when channel boundaries are hit while one is expecting price to reach target in the future. I mean, setting a ...

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

Last one H4, previous ones H1. Sorry, I didn't notice TF is not visible.

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

If price respects this, there is some room to go south. TF: H4

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

Arrrgghh!!!! I wasn't expecting this level of price today and I didn't adjust my TP. I expected my tp to be hit this friday. Now I'll wait and see what happen.

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

well Jhonypips, that's why we are asking for a reason. It is easy to follow someone, it is harder and much better to know what to expect and why. These guys I mentioned are calling for 1580 or 1800 by the end of this week. As I don't know what are ...

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

Why do you think that? I know about some traders expecting high volatility this week driven by fundamentals, but I don't know why. It would be nice to know reasons.

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

Well, triangle broken. Good news for me. Better price to buy.

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