Things would have to change drastically for silver to drop more than 50+ cents in a day. It's possible it will retest 21.00 area, but if the upwards momentum continues and it crosses into the 23 zone I would think the corrections will be basic and ...

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

There are times trading with no stop is worthwhile or just simply faster. In the first instance, if you are entering a trade with the goal of more than 500 but let's say 1000 pips meaning a move from 1.0000 to 1.1000 you should be ready and willing ...

Trading Without a StopLoss

What is your system for using ATR as a stop? Just out of curiosity, I am imagining that when the ATR hits a certain level you are flattening your trades? Here is an old post of how to break down PIPS in terms of Gold using I think 10 USD movements ...

Pip count and ATR indicator for Gold/silver/oil/dj30/uk100

Why were you looking for a fall? Just on correction? Also 22.80 I believe is a bit of a "bitch" resistance wise. Once it gets taken out the transition into the 23's should be fairly smooth. However, If it can't really stay north of it the price is / ...

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

I don't know about putting any chart from that era into Mt4 unless you were to somehow add the data points manually as the price barely moved in those days. But, if you want to pull historical charts you can find them here. url Go to the right ...

Looking for 1961 Gold Chart

Yeah buddy When I am managing various pairs on top of Gold and Silver I try to be less impulsive (even though I may /or may not/ be correct, I will take more time in planning the trade and it's according stop and TP instead of just going ...

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

A.M. Kitco Metals Roundup: Gold Up, At 4-Week High, on Technical Momentum And Weaker U.S. Dollar Market Looking For Fuel

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

Well there's the newest High at 1350 and silver @ 23.00 But, just tapping the zones isn't going to cut it, we need to break through them. In any case it's looking good to me so far.. Unemployment up and the "late" trade balance below forecast.

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

I was just cleaning out my un-hit orders and unfortunately had to delete a failed EUR/USD trade. trying to save I'd say at most 20 pips I put my order in for the lower end of the last range BEFORE the last break north which has resulted in a new ...

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

A few releases today to keep an eye on. Mainly Unemployment - again - LOL and a very late "trade balance"

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

I often post these 3 day line charts and find them helpful to look at the "broader" term for the week at hand. Here we can see the last move up and how as of yet, the sideways movement has gone. With today, 2 days left until weeks close, yet, we are ...

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

These are the "stairs" up, we always need to be wary of the "elevator ride" down. Should 1350 break and get flipped we can easily see 1450. Yet, we NEED TO TAKE OUT 1350 and flip and Seal it as support. FIRST, next once the price starts to test ...

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

Archer, It keeps climbing just the way you have outlined until the second support breaks, then we have to question it.

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

Anytime my friend - Welcome to the thread!

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

Not always the wrong time, keep an eye on the simple price action - and the NEWS.. Since you are using an H4 I assume you are looking for at least a 25 to 50 USD MOVE in GOLD. If the range keeps sideways, the gains are further pared and thus, I ...

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

DRT, I really don't even need to review your chart I can simply go off the words and levels you have put forth. First, I don't believe YOU need any correction here. Second, I agree- in this sense. There was a huge - too huge in my view in April on ...

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

Looking now.

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

No Problem.

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