I didn't know you would take it so literally, so let's explain: I don't and actually I don't even care. That would be impossible. To be more precise, I bought at $0.90 and would sell at $0.91 If the prices move back to the usual price, why not? ...

How did trading change your life?

Never! But if you can be satisfied by taking as few as 0.1% profit per day, I can tell you a story. A real one. One day I was talking to my mother. I asked her: - Imagine you come back from a trip and there is no milk at home (She drinks ...

How did trading change your life?

The "philosophy" of trading — The subject is so interesting... that I don't even know how to start. Everything began last year, as I realized that my salary wouldn't be enough to keep paying my bills in the long term I ...

How did trading change your life?

I hope you set your SL to BE. The upper green line is the resistence of the downtrend. Since Tuesday we are running very close to it, almost breaking it. It gives the feeling that the market is just waiting for NFP in order to break - going UP! My ...

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

That's EXACTLY how I analyzed the daily chart yesterday. Your light green line is the support, but 1310 was not really broken and the resistance on 1300 will be even stronger - very, very hard to break. In case it would break, the next support would ...

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

Great topic, Beman! — Now it's too late to write something (it's already midnight!), but I want to say that it's a great subject! Trading DID change my life and it WILL change my life as well. More on that later. Wow, I just got a ...

How did trading change your life?

That was a week to forget... I lost all my profits from January during that dip. Not due to my system (it worked perfectly), but because I made two stupid mistakes exactly on that day - one of them being withdrawing 70% of my account I was ...

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

People went to gold for security. Now there is some talks of inflation, bonds are going up, stocks are going up... so those people started to realize that gold doesn't bring neither interests nor dividends. So there you have it! Now they take some ...

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

Man, stop trading, right now! Do you have a demo account? Did you use it? Go to url and read everything. Twice. Then go to your demo account and make profits there for at least three months. Then you can play with your real money.

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

Testing 1340. Today I set an order for 1297. The last 12xx was a long time ago (September 30th). And we are not oversold on H1, it could still go straight to the 1290s before bouncing back. "I'm on my way down now/I'd like to take you with me/I'm on ...

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

We are oversold on M5 - ONLY on M5. Time to open longs at 1345 for some scalping. It could still fall to 1335 today, but not more than that. Then Asia can provide some very nice profits during the night

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

1370 is gone... 1360 is gone... and we are not oversold yet.

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

Yesterday I was watching Bloomberg or CNBC (actually both ) and a reporter was talking about fresh shorts entering the gold market at the moment. It seems that we will have some pressure to go down. Either those "new" guys will manage to make the ...

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

I couldn't it, even though I wanted. No order has been triggered. I went rather to the cinema The uptrend seems to be definitely broken. I expect some range trading between 1300 and 1400 => [scalp mode ON]

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

See Fawaol's chart. The red line is the current trend support, now around 1365. It has been tested many times and held well. The short-term target is a new test of the all-time highs, as Nectarios said today. We just jumped above 1390, very soon we ...

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

I think people call it "cost-averaging". I perform the following steps: 1. open 1 nano-lot 2. every time the market moves against me by 100-pips: open more nano-lots 3. if it moves in my direction by 100-pips: take profit and go to step 1 Step 3 is ...

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

I have a standard FXCM account and I got a $0.50 rollover over a $2,000.00 XAGUSD position for one night - and that's the total spread! But when I see the current quotes at the software, it doesn't show any rollover, neither for buy nor for sell. ...

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

what was the result? I still didn't have time to check it Usually I don't need to care about NFP. My strategy allows me to spread orders in a range up to 700 pips, so NFP doesn't hurt me at all. Actually it's a good opportunity due to the ...

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

Now is the time! — We reached 1356. That's the trend support and it seems to be breaking. If it is really broken, it will be a mess: there may be a sell-off, but soon we will have NFP and then... who knows?

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

Perfect chart! I was just preparing to add it here. The only thing is: I see the red line acting as a support, right now at 1358. If we keep above that level, we will see the roller-coaster goes on - it's time to start going long again, but always ...

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