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- birons replied Dec 28, 2011
Doji power — Should have followed price action instead of following an evidently false sense of hope. That doji said it all and proved it's validity. Painful lesson for me. Did you go short giantgroup?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- birons replied Dec 28, 2011
Thanks nim1984, will keep an eye out on volume if it breaks out.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- birons replied Dec 22, 2011
First hurdle will be 1616 by my analysis. Waiting for solid close above 200MA or above 1626 before re-entering. If it manages to break and close above 1626 I'm looking for 1675 as the next resistance level and then about 1720 around the upper side ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- birons replied Dec 21, 2011
Retested 1608 pivot and bounced, still looking for move up. As for hedging, you make a very good point XTrade about betting against yourself. I know a couple traders that base their whole system on hedging but set very tight TPs and never have SLs. ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- birons replied Dec 21, 2011
Price squeeze again. Looking for mini break north. Short term TL still being respected (just!!). Weekly channel well intact as XTrade has pointed out. It's a punt, pinbar on D1 is still looming but hey it's all about fundies now ain't it? Long at ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- birons replied Dec 21, 2011
Pivot at 1608.00 Long above 1608 with 1641.5 & 1650 in sight. So far respecting short term TL. The downside penetration and close below 1608 could call for a slide towards 1588 & 1582. Pinbar on D1 is making me a bit nervous for longs so I'll ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- birons replied Dec 21, 2011
Bad luck mate. That's why I always set a TP, especially if overnight. I hit 1639.49 and got taken out but my pending on silver got hit, reversed and stopped out and I ended up netting zero. Oh well.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- birons replied Dec 20, 2011
I've been lurking for quite a few months now only because I didn't really have anything valuable to add!! I guess I could have posted my thoughts more often but was wary of being nub slapped by my elders here
I'd rather get some education under ...XAU/USD & XAG/USD - Gold & Silver Traders Thread
- birons replied Dec 20, 2011
Forming a nice inclining channel. Got through 1622, next stop 1630 then 1640. Long at 1606.5 SL: BE TP: 1639.49 Don't know if anyone follows Turd Ferguson at TF Metals Report but he posted an interesting analysis on how after manipulating the price ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- birons replied Oct 2, 2011
Same — Same on my feed. My broker (gomarkets) has said: "Our price feed for gold and silver at the moment in not coming through we are contacting our liquidity providers"
XAU/USD & XAG/USD - Gold & Silver Traders Thread