You might be able to relate how trade 'leaders' usually strongly believe in placing stop losses. That line of thinking is kind of in line with recognizing a potential problem and having a mechanism in place to avoid an emergency. image

Turn inward for the Diamond mine

The timing of this post was pretty impressive. Hope you took some profits!

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

Right now Gold is beginning to rally after China had Monday off. The SHFE open was when the buying in gold began. It's going.

Gold RIGHT NOW

Looks like SHFE open brought some buying into gold. USDJPY is dropping at the same time. Correlation is tight. Makes sense. This is Gold and the Yen moving together for the past few sessions. In tandem. image

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

There's some risk in tonight's manufacturing data out of China. There's a scenario in which we could see some rallying in gold tonight. It's not the most likely scenario but it could happen. I detailed it all in the preview: China PMI data - ...

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

Gold right now is off to a good start to the week, up from the open. 1M chart shows prices rose a few dollars already. That's important because a breach of the $1500 handle would be bearish. image

Gold RIGHT NOW

China PMI data - September Preview Manufacturing PMI Non-Manufacturing PMI Caixin Manufacturing PMI Quick Points Impact is usually diminished when released on a Sunday night (GMT -5). The first Manufacturing PMI data issued by Markit has the ...

High Impact Events Trading... Gold & Copper

WTI has been dropping since the open of the week. What I just noticed and probably doesn't have much significance, still interesting. Every day this week at 7am, WTI took a direction. image I'm flat and staying out of WTI until I can understand ...

WTI Crude Oil Trading

Just letting it ride until it turns positive. It's the ideal system to test for me because it doesn't take that much time once you get it started. Here's where I'm at: image

Brent/WTI Hedging Strategy

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Picture Tennis (metals edition)

This is Karen out in the Atlantic. Is this storm breaking up? Otherwise, I'd imagine we'd be hearing more about it. image image

Hurricane Watch

It's amazing how narrow of a range gold is trading in. This isn't the gold we've been trading for the past few months. Patience is a virtue!

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

Interesting that we are smack dab in the middle of your high/low. Trump is not getting impeached. At this point it's all political. I think that given the empty calendar during the Asian and Eurpopean sessions, the only serious price driver will be ...

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

I'd agree it's a gamble to short gold prior to a breach of the 1500 level. But remember that level is more important in the CME's CL front month contract, which is the underlying price of the CFDs. If it broke $1500, it would have to be a clear ...

Metal Competition Zone (Demo)

Today was a very difficult day for gold traders. With GDP data along with political drama, there was good reason to think we'd see a lot more volatility then we got. It's not easy to squeeze out profits in a tight range like we had today. I hope ...

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

This was hours and hours of research, so I'll do my best in getting to the points without leaving anything out. The main points as I remember them: LME inventories has the potential for impact, and possibly SHFE inventories to a lesser extent. It's ...

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

I've done some extensive research on this. The CME inventories doesn't have impact. The LME might have some but it's mostly a knee-jerk reaction that subsides. And it's limited to copper. Every once in a while the LME copper inventories will come in ...

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

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Turn inward for the Diamond mine

I can't explain why this chart looks bullish but it's making me go long gold. I'm in and going to see it recover some of the losses earlier today. The first red candle at the beginning is FOMC. Until earlier, it had been in rally mode. I don't think ...

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

I'm liking the more activity too. I think the core group of guys here do a great job of keeping this thread on track. This is one of the best threads I've found. There are a few others members that should be added to this but...

WTI Crude Oil Trading