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XTrade replied Nov 19, 2013Sh!t Rhodie I found it.. Unfinished but you get the point. This was a discussion on Bloomberg this AM. At this point, and with all the past and really still current economic turmoil globally it is not too far fetched of a possibility. If and when ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 19, 2013at NOON I am doubting anywhere near a move to 1250 at best 1265. IMO, Gotta run out see you fellas later. XT-
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 19, 2013The talk was of a unified currency of north south america and canada/ how central would fit in I don't remember. There is a name for it as welll.....
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 19, 2013I wrote in re: to one of your posts on this yesterday Rhodie then lost the whole damn things somehow, This is a good topic, and there used to be a lot of buzz about the creation of an "Americas" currency - north / south and Canada - IF the Cads ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 19, 2013basically what I'm trying to say is that you may at any point discover a correlation with Gold and another instruments, Dow, SP, DXY, Brent, Euro, etc. Yet, at some point there will be a breakdown and indeed derail any trades you are taking based ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 19, 2013Why would the USD/YEN dominate gold? The USDX fell yesterday and Gold fell as well, so if there are correlation breakdowns, they are better off swept aside. The main correlation and push pull is between the dollar as a basket, HENCE, USDX value and ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 19, 2013A lot of money in equities tied up right now, not flowing in and out of gold. Market remains in tight range.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 18, 2013Hi buddy, I it possible for you to cut and past the points you are trying to make - as you have already written them from your blog into your post? Then put the plug somewhere as a signature, like "my blog" with a hyperlink? I don't know what the ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 18, 2013For scalps on XAU I look at it as Dollar movements in price. eg: 3 USD or 5 USD usually. For silver anywhere around .10 cents right now, which is pushing it! It also depends on what the daily market average is, and on how short of a TF you are ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 18, 2013Why not, Small trade. Long silver now - appx 20.41 Target 20.65 stop below 20.30 what small range we have here... This week's US news drivers. High and Med impact
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 18, 2013Welp, I feel you mate. I in turn am scalping now. Going to test this low. SCALP/Daytrade - may have to hold this till tomorrow if I want to achieve 1285+ / the scalp really would just be a 5 USD target to 1277 done. Long: 1272 Target 1285 Stop: 1265 ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 18, 2013I tend to like trading in the direction of the overall bias even if I don't agree with it. For instance there are two things cooking here. Overall bias continues to be slightly to the downside, so just looking to short HIGHS will work for now, but, ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 18, 2013AND ANOTHER - 10 USD swing back down testing 1275...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 18, 2013Since we are trading in a pretty tight range you might consider just using simple support and resistance to take the trades. Let me see if I can set up a chart to explain, Were the losses in one direction? Or were you daytriding? It seems that you ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 18, 2013Gold is about range into next - Down Trend Line Trap section. Here is the weekly. I recently added a fourth line. which I have the least respect for. All of these lines are a bit too steep to be maintained on the long term. Same would be if they ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 18, 2013Anytime,
I usually use the "aggressive" approach and exit during a reasonable support or resistance. You can write whatever you like concerning gold and silver trading, investing, etc here in the thread, or did you mean on FxFactory? In ...XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 18, 2013Yes and their Production is on the rise - the last I looked they were in the top 3 producers in the world perhaps even no. 1 by now. Also we are in the Indian buying season, yet with new taxes imposed on dealers, the jewelry industry is getting ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 18, 2013True buddy. your UTL is totally valid until a close below. 1275 was not even tested on this little dip and we are back up to 1285 already GREAT opportunities here for scalping. with 3 to 5 USD targets and NO commitments.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 18, 2013Interesting chart, a bit confused as to where exactly you are taking the trades, Here's my two sense for everyone.. Not geared towards you mate
using simple Support and Resistance as well as your dark blue SMA I would look at this strategy as ...XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Nov 18, 2013Hello all, Good Morning, night and afternoon! Already a nice 10 USD swing today from the now stagnant area of the mid 1280s into 1277.xx As forecast last week with no follow through from 1285 to crack 1300 or at least be pushing 1295 from Aussie ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread