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XTrade replied Feb 10, 2014COURSE IT IS!!! TWO NEW HIGHS IN 24 HOURS!!!!!!!! NICE! Still long from 1190, but not worth mentioning, long again from appx 1255 when support identified itself. Good luck till tomorrow.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 9, 2014Strong close, let's see what Aussie / Asia does just for fun~
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 8, 2014You are forgetting ONE crucial and always underlying factor in the price of GOLD which is FUNDAMENTALS. They are always there, may not be the driver, yet usually the leader behind any technical and news related movements. Especially in a headline ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 8, 2014YES!! As China is still basically an emerging market, the sheer amount of people, as well as demand and production play a role, a slow down in the Chinese economy, especially when relating to industry and other items like new housing and ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 8, 2014AlWays TRUST in the CHANNEL or FORK... They will never fail in giving Guidelines as to WHAT TO DO. Yet, again GOLD IS A COMMODITY and NEWS is HEAVILY subjective to the trade of this Yellow Metal.. Your decision is already made for you. Trade ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 7, 2014ADVICE = GOLD IS A COMMODITY - JUST LIKE BRENT CRUDE. IT IS NOT AN "FX Pair" EVEN IF YOU THINK SO = N O T & NEVER WILL BE. COMMODITY - web search it - and then search FIAT CURRENCY, and China's Currency PEG. REMEMBER THESE things when trading ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 7, 2014FINALLY - FINALLY Someone Ssm - POSTS a channel that is real for today's and the last MONTHS DATA AND TECHS. GREAT JOB.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 7, 2014Hi Buddy - OK Here's how it works. As a news trader FORGET ABOUT THE LAST MONTH - THE ACTION HAPPENS ON THE FORECAST being BEAT or NOT....... News trading is very "subjective" while at the same time being "objective" in your point of view - yet my ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 7, 2014What are you asking? confused

XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 7, 2014News trading usually works that way, there is a drop a rise then a correction then a slight trend emerges for the day after the noise stops. For anticipation of Positive news it would be a Rise a drop then a rise and correction / trending slightly. ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 7, 2014Because like it says you were likely cutting and pasting an ACTUAL - Forecast - Previous -- 1000 -----2000 ---- 1000 for example
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 7, 2014Disagree, to target what? It already dropped from the News High all the way back to baseline and is now rising and at least 50% up on today's small swing. It will either rise again to test 1270 or bob around and fizzle out the Friday around 1265. ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 7, 2014It's always helpful to look at last months data, but keep in mind the traders and investors are LOOKING to BEAT the FORECASTS. WHich usually are pretty much the same. Likewise a .1 drop in unemployment is squat.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 7, 2014From an undisclosed PM - "hello xt sir how are you.the thread misses you.earlier you use to post so much and now its only once in a while you share knowledge with us.day before you had posted long again target 1268 today or maybe tomorrow.time has ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 7, 2014It's pretty grim mate. NFP was WAY below forecast and closer to the last abysmal number than the forecast. Unemployment rate REMAINS HIGH and Basically unchanged which means NO progress is being made. POOR......
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 6, 2014Another view of the same chart. 1280 immediate resistance to break northside. Downside, 1235/30 only after passing through 1250. NFP tomorrow. Unemployment RATE tomorrow.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 6, 2014For Longer term charts like H4 through to weekly I use SMAs on close usually. For daytrade or shorter term like H1 and below I'll sometimes switch them up to Exponentials and Keep them on the close.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 6, 20141220 is wishful thinking at the moment, 1240 - well she hasn't dipped below 1245 / 1250 appx this week. Where are the entries? And what is the reasoning here? Take a look at the ONE Month. Here are some simple charts. Not so powerful yet, but in the ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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XTrade replied Feb 6, 2014Hi Mates! How's everyone doing in here! Been taking a little break from posting, but back now! -------------------------------------------------------------------------------------------------------------------- Guys - You gotta be careful here. ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread