Guys, I was checking the D1 chart. The price action in February is a mystery to me - it has the same volatility as the holiday months ! It can't be. This is ruining my profits. I see the same behavior from 2010 repeating now. After a 3-months ...

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

It happened to me this week. I decided to open some exceptions this week and open positions based on technicals. My SL were triggered TO THE PIP on EURUSD ( EUR 20.00 loss) and then it moved back to +50 pip. That was criminal. But the worst ...

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

you are right. Personally I prefer that to those 10-pip-range days. Regarding the fast moves, someone in Bloomberg was saying that the rally was a response to some news. Iranian warships were supposed to make some a picnic trip through the Suez ...

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

@beeb: you are right. There is too much bulls' and bears' supporters, like in football. I see it especially in the EURUSD thread. That's one of the reasons why I trade both ways - both pips are green, I have no prejudices @XTrade: the ...

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

not at all! It's just my strategy. I always trade against the trends. I am shorting gold too . This long is only an exception to the strategy, because I believe that the trend will hold until 1400. As I wrote in the last post, it's just technical ...

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

For those who are superstitious If we trace the Fibonacci between the all-time high on Dec 7th ($1431) and the latest low on Jan 27th ($1307), we see that the 50% ($1369) was quite a strong resistance and needed three tentatives to be broken, but ...

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

That's an interesting subject. There was a topic about "What did Forex change in your life?" where I came to the conclusion that investment and speculation are the same thing. Why? We use to think of investment as long-term, low-risk trading; ...

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

Thanks for the tip You are right, silver is overbought. The problems: * it may move up to 32 before any retracement * 50 pips south and it could be enough for the bulls to resume I just entered short at 30.77 and will add more at every 50 pips. ...

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

Lucky you! On Friday I entered Aussie long @.9980 and set SL at BE after having +20pips. Guess what? Of course it bounced back and touched BE... just to move straight up. I feel so STUPID! Tonight at the market open, the same with gold: I had longs ...

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

I saw that... but it's "just" a 30-40 pips rally after half a day. It's quite slow, in general. Too many ranges. Now it stalled again, right below 1365. There is a kind of direct correlation between volatility and my profits. The profits are down by ...

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

It's so boring... looks like the volatility was cut by half in February. Did I miss something?

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

When I was talking about quick profit taking, I meant in Forex. You are absolutely right with the trading/investing issue. What I mean is: trade in order to invest. You cannot invest if you don't have the money. So how do you make money? Trading (or ...

How did trading change your life?

Right. Actually we see the same pattern repeating three times since Feb 28th: a rally and then a consolidation period. You can see it in any H1-H8 chart. It's rather scary. Sounds like manipulation. The market seems to be forming a trend channel for ...

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

You are absolutery right. That's exactly what I face everyday . But that's not a problem, as long as my exposure doesn't get too high. As I said before, it depends on your parameters, i.e. you MONEY MANAGEMENT... You are right again. Let's ...

How did trading change your life?

Following this reasoning, though correct, you should say that we always lose. It's like someone said: "in the long term, we're all dead." Being alive is luck. Having a job and keeping it is luck. Being a merchant and having profits is pure luck - ...

How did trading change your life?

it can help by showing how NOT to trade

How did trading change your life?

It did. You are just looking at the wrong timeframe. If you go to H1 or lower, you will see that it always comes back at least once. If not, the next rally/sell-off will bounce back. It always do. And remember: with cost averaging, you don't have ...

How did trading change your life?

It's not that simple. If the number is really really bad, people will get totally scared and think only of one thing: liquidity. They will sell even gold in order to have $$$ in their pockets. I think the price action in September 2008 is pretty ...

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

You are absolutely right. Sometimes I can't really believe that the solution is so "simple". I told my friends that I was making 10% profit per month and one of them said: "if it is that simple, why isn't anyone else doing it as well?" I can't ...

How did trading change your life?

Brilliant post, man! That's it. And that's the reason why I don't want to trade such commodities. It's not a surprise that we are seeing governments being overthrown at the moment. When despair is too big (no jobs and expensive food), people become ...

How did trading change your life?