hey Euroscum, silver is getting close to the 200 DMA. Are you still short? What are your plans after the party is over? ----------------------------------------- My broker software does not always saves the forks I draw. During the week I was too ...

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

From my private trading point of view, it has been by far the best week. I met my monthly target in only 4 days due to the intense volatility, it's absolutely insane . It will be hard to get back to the slower profit mode... (I just wanted ...

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

Let me tell you: I'm having decent profits trading gold... my account is surely no Micro account... and still, my initial order size is 2 oz. Yes, 0.02 lot! I am thankful for every 50 pips ($5.0) profit per oz. You don't have to trade big positions ...

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

Well, you are right. It was an unlucky timing. But I think you chose the wrong instrument, too. Why don't you try gold first? It has a similar trend direction to silver, but it's less volatile. For such lot sizes, I would load far over $100,000. But ...

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

can't you afford a lower SL? there is NFP tomorrow... well, you still can move it to BE

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

Hahaha. Maybe he is a Jedi, Obi-Wan Bernanke. He says "there is no inflation" and moves his hand - people with weaker minds believe him and start selling everything off (joining the "Sell in May" team). Trichet is in cahoots with him and says "we ...

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

for me it's also a superb trading day (week, actually), but only because I've made great profits Well, at least you are having fun... Exactly. It will provide good entry points for longs AND good opportunity for buying physical metal (I ...

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

Second reminder: tomorrow there is NFP ops... beeb was faster

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

The Japanese are getting it even cheaper Jokes aside: there we go down again... I heard some saying like "Sell in May and go away." It seems to be true for commodities, too...

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

The shop where I use to buy silver is still charging $53 for the cheapest coins! Some other shops are asking ~ $45. For that price I may buy a few coins and then I'm done with physical silver for the moment - it's time to move to GOLD (if I ...

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

I had to think for some moments in order to decypher that one WL = Warning Line. If you don't know what it is, google -> "Andrew's Pitchfork" @beeb: talking of Andrew, I listened to the MP3. Nasty stuff. I found some news that someone even hit ...

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

I see three ways to "explore" the market without any chart: 1) exploiting some characteristic of a specific pair - as an example, the regular intervention of the JCB on USD/JPY at some level (around 81.00) 2) some mathematical/statistical analysis ...

Look mum no charts!

@all: great insights! I thought of making a wrap of all that, but the text would be too long. I will just add some comments, little by little. People are talking about a CRASH in silver. Which crash? We are now back to the rates of... TWO WEEKS ...

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

@beeb: do you believe that the raise in the silver margin requirement alone created this sell-off? Like... many people got margin calls in Comex or somewhere else? If this is the case, and considering that we cannot see any clear fundamental change ...

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

Really nice - I also got some of those on Saturday. The feeling of silver is so great that I decided to keep a Mexican Libertad in my pocket. Time and again I take it in my hands (I won't sell it anyway) I only trade gold. 50 pips = $5.00. Right? ...

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

Boring? Well, it may depend on the trading strategy. Gold is moving 50 pips every 20 minutes and I'm driving nuts, entering orders and closing positions. The positions are tiny, but still... many small positions make a nice win. It has been by ...

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

Peter Schiff on gold (CNBC, last Friday): "(...) There can always be a correction in a bull market. But the only thing that would really make me change my mind would be fiscal responsibility in Washington and sound money at the fed. But neither of ...

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

Are you sure? USD/CHF just hit another record low today, USD/JPY is trading below 81.00 (intervention ahead!)... we are still far from a CLEAR turn in the trend. Let's wait and see.

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

Hey guys, don't let this thread die! The idea is awesome. Later on I would like to elaborate more about some ways to trade without charts and eventually trigger some discussion. The first one is: what about going long USD/JPY today? Right now it's ...

Look mum no charts!

It's all about strategy and money management. Just trying to pick tops or catch bottoms "for fun" can kill any account. No wonder XTrade gets very angry about it

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