Well, yesterday I draw in my H1 chart a fib retracement and extension that showed me TP @ 1760,04. Didn't take that trade, because I was expecting an entry at a better price. At least I shorted @ 1758 TP @ 1753. It seems Fib gives good signals. I'll ...

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

I think that being too optimistic is what the market wants us to be. I know very little about this thing, and I share the view of a 2000$ target, but I think a correction is about to begin. I know price is respecting the ascending channel, but ...

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

Buma, I don't understand why you don't want to use yor edge in gold. You know when to open a trade. You have shown us open trades in profit. So the problem is that you just don't want to close them. If market is saying that something has changed ...

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

After today's outcome all I can say is that I can't see a medium - long term target yet. I'm learning intraday trading, and all I can see for now is a change of direction in short term. I expect a bearish move when I see divergence and extensions ...

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

excellent call nim1984. You have a free ride!!! Congrats

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

Buma, i'll try to explain myself: As Forex isn't centralized it is impossible to have volume data for the entire market. Brokers can only show it's own volume, and that is a small part of forex market. MACD, RSI and other indicators are calculated ...

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

bumapatria, price is the same, volume can't be the same. I'm talking about a difference in volume indicator because it is based in decisions of clients of a single broker. It is not based on price behaviuor, which is a result of every participant in ...

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

Xtrade what is your broker? FXCM volume is very different. I don't think we can use volume because every broker has only it's own volume data. So there is no match among brokers.

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

Price is currently in a triangle, pretty clear in H1. Low @1661.30 and High @ 1669.75. And again zone of 1666 seems to be a key zone.

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

That is true. After posting, I realized that it wasn't an accurate remark. In fact, in a previous post i recognized that this week candle's open is above the trendline. Mi view is that today's candle has a chance to close below the open, and if it ...

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

That is a fact XTrade, Trend Line is clearly broken in weekly and daily charts. However, a bearish move will make it a wick. If resistance @ 1680 is strong enough price has to retreat. But, yeah, you are right, I'm having second thoughts. I'll wait ...

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

I was stopped out @ 1670,5. Back to my question, where is gold in terms of Elliot Waves. Is it begining wave 1 from low @ 1520's after corrective wave c ? Is it ending wave 4? Where are we? I see a zone of resistance ahead. 1678 - 1681.

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

One question: In terms of Elliot Waves, where is gold?

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

I think that I used the wrong term. I should name it microlot (1 pip = 0.01$) This is the math: Initial balance $ : 2500,00 Goal : 1% Goal $ : 25,00 Pips Take Profit : 100 Pips Stop Loss : 400 Stop Loss $ : 100,00 Risk : 4% (Micro)Lots to open : 25 ...

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

FXCM's spread in gold is 50 pips. Fixed. My friends use m1, m5 and m15 timeframes, macd, bollinger bands, rsi and Heiken-Ashi candles. m1 is the trading tf. I don't like Heiken-Ashi. So i don't use it. But it helps them to filter noise. To clarify: ...

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

Hi Xtrade. Which Swing Highs did you use to define the weekly TL? TL drawn from Sept High @ 1920.70 to Nov @ 1802.70, which i think is still a valid TL, is not broken yet. Even a TL from nov 1802.70 to 1762.90 ain't broken yet. I know next week's ...

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

Too early to say but... it seems like a right shoulder out there. Not to mention bearish divergence in H4 (MACD, RSI, SSD) So, i'm short @ 1665,24 SL 1670,50 TP 1655,50 half, other half maybe today's low @ 1645.

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

Yeah, i'm out. My question is about how to trade after the congestion is broken.

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

3+ hours in a sideways market. EUR/USD also waiting for news about Greece. How do you people trade this kind of markets? What would be a nice strategy for trading this? Any bias?

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

This is the bearish divergence i'm talking about. MACD, SDD and RSI M30, H1, H4.

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