- Joined
- 10 June 2007
- Posts
- 4,045
- Reactions
- 1,404
Gold Daytraders
- Thread starter Uncle Festivus
- Start date
- Joined
- 21 July 2012
- Posts
- 101
- Reactions
- 0
Some of these intermarket stuff can be noise I don't need. I have decided before a trade where the exit points are when trade triggered. When money is at stake I can't think constructively so a planned strategy works best with me.
A good example was yesterday EURJPY long. I had my final target but the chart "looked" like price could continue to move up. And what did I do? Move the target profit up then thought it was smart to drill down to 5m and manage. Ended up shaken by the small time noise for a slight worse off exit by 5 pips only to realise if I waited another 5 mins, it would have shot up another 30 pips from my final exit level. I should have just followed the initial plan and got my objective.
Same thing happened on the Silver short before this, messed with the final target price and came out slightly worse off again. So this evening, I left the Fiber to do its own thing even though it is already way into the NYOpen session and got my target so the third trade was the one that met objective.
Only way for me is not to look at the trade so I trawl around forum to kill time! LOL
Have a good weekend.
- Joined
- 10 June 2007
- Posts
- 4,045
- Reactions
- 1,404
lol, too much "copper" mate
: ....that site'll do ya head in have a good weekend, too, AJ
- Joined
- 21 July 2012
- Posts
- 101
- Reactions
- 0
lol, too much "copper" mate
have a good weekend, too, AJ
Looks like this forum is taking a bit of my time too!
- Joined
- 10 June 2007
- Posts
- 4,045
- Reactions
- 1,404
Looks like this forum is taking a bit of my time too!
the most amazing few sessions have been a top distraction
silver taken a lot of heat w equities kickers and still holding its zone and gold prob saw several accounts readjust for equity demands so even tho $DX has take a smashing gold has failed to zoom....once speccie money comes back in i'd expect to see us lift again
in the meantime, equities, too mean for many,
....and mind your heads on the bounce
- Joined
- 21 July 2012
- Posts
- 101
- Reactions
- 0
silver taken a lot of heat w equities kickers and still holding its zone and gold prob saw several accounts readjust for equity demands so even tho $DX has take a smashing gold has failed to zoom....once speccie money comes back in i'd expect to see us lift again
in the meantime, equities, too mean for many,
....and mind your heads on the bounce
Silver is worse than I thought. There is a strong support but I am not sure if it can hold this week. If you catch the 'falling knives' on gold stocks then let any good company fundamentals play out to attract the bargain hunters in time. I am not into bottom picking but if the fundamentals are compelling I just fire the buy and wait. Margins of course has to be calculated in AUD terms or else I am not interested.
- Joined
- 10 June 2007
- Posts
- 4,045
- Reactions
- 1,404
keep at hand the idea that for all the selling an account is soaking supply....keep at hand that there is a point of extreme emotive logic of flipping from one position to the next.....someone sells at the low and someone is buying at that level.....is the current low swing a buy point for silver....what's the propensity/history of price being bought up when everyone is giving up at major daily lows?
levels are levels
indexes are going thru their best whack period in a very long time..
- Joined
- 10 June 2007
- Posts
- 4,045
- Reactions
- 1,404
mister Ash said:
http://www.asiaonthebid.com/content...are-getting-excited-again-but-is-it-too-early
pics you can actually see !
http://www.asiaonthebid.com/content...are-getting-excited-again-but-is-it-too-early
pics you can actually see !
- Joined
- 21 July 2012
- Posts
- 101
- Reactions
- 0
keep at hand the idea that for all the selling an account is soaking supply....keep at hand that there is a point of extreme emotive logic of flipping from one position to the next.....someone sells at the low and someone is buying at that level.....is the current low swing a buy point for silver....what's the propensity/history of price being bought up when everyone is giving up at major daily lows?
levels are levels
indexes are going thru their best whack period in a very long time..
No counter trend play for me, does not suit my trading personality. The Fiber/Cable is leading the way with the sell off back to a USD strength and Rate rise expectations again. Side lines for me.
- Joined
- 10 June 2007
- Posts
- 4,045
- Reactions
- 1,404
fair enough
silver is at the put-up or shut-up line already .....forget the rate rise, aint gunna happen...
equities suddenly looking steady a she rises .....
gold can still slink around here for a while and looks fairly mod pullback for mine
- Joined
- 10 June 2007
- Posts
- 4,045
- Reactions
- 1,404
$SILVER
made anew weekly low today .......i suspect a giant shake
bought the low swing ....this'll be interesting given the bullish tone equities have today
http://finviz.com/futures_charts.ashx?t=SI&p=d1 (see it here)
metals parallel with $DX ? ......sometimes they run together for several months
made anew weekly low today .......i suspect a giant shake
bought the low swing ....this'll be interesting given the bullish tone equities have today
http://finviz.com/futures_charts.ashx?t=SI&p=d1 (see it here)
metals parallel with $DX ? ......sometimes they run together for several months
- Joined
- 10 June 2007
- Posts
- 4,045
- Reactions
- 1,404
i was wrong, had a tiny swing but made a run of the mill few cents and immediately ran out of bids
much like downtrends tend to do.....STO at 14.12's the downside opens up 13.63's and 13.03's
remain long xauusd
- Joined
- 10 June 2007
- Posts
- 4,045
- Reactions
- 1,404
i've been distracting myself with attention on indexes and trading metals like a brain surgeon with welding gloves
closed STO on #silver, remain BTO #xauusd
closed STO on #silver, remain BTO #xauusd
- Joined
- 21 July 2012
- Posts
- 101
- Reactions
- 0
Silver is the ultimate collapse in price after that huge run up on the monthly. I am just looking for a short here. A possibility is to play a retrace on price running up on yesterday's bear bar break. Risky as the pullback is shallow and could quite easily shoot through resistance. I think I'll let this one go for the time being.
- Joined
- 10 June 2007
- Posts
- 4,045
- Reactions
- 1,404
be a lot of retailers thinking that same thing.....prob a few mid-level managers being caught in a tight squeez after the weekly low taken out
slow to take off there's plenty of reversal energy there now....will need a cupla days to prove but longs looks good again
on this chart gold has retraced back to the 50% zone....that seems normal return area to me
arrows=BTO
14.92's next hurdle for $SILVER .....
--------------------------------
U.S. second-quarter GDP revised to show larger 3.7% gain
Published: Aug 27, 2015 8:30 a.m. ET
http://www.marketwatch.com/story/us...to-show-larger-37-gain-2015-08-27?siteid=bnbh
inflationary swell in a falling tide?
- Joined
- 21 July 2012
- Posts
- 101
- Reactions
- 0
Yes I got that fib level too but I just look left to right and I see a big trend down so I suspect it is only temporary in nature. However if it can for a higher base from here then maybe the start of a reversal.
Not tradable for me in between levels.
- Joined
- 17 January 2007
- Posts
- 2,986
- Reactions
- 32
Another wedge to break out of?
The risk-on trade looks to be running out of steam so back to risk-off for another surge higher?
The risk-on trade looks to be running out of steam so back to risk-off for another surge higher?
- Joined
- 10 June 2007
- Posts
- 4,045
- Reactions
- 1,404
the "where is it heading" thread has an abundance of the usual topique du waffle
and .......this thread....
"just because there have been no complaints doesnt mean everyone's happy with their parachutes..."
quite so, Benny Hill, quite so
and .......this thread....
"just because there have been no complaints doesnt mean everyone's happy with their parachutes..."
quite so, Benny Hill, quite so
- Joined
- 17 January 2007
- Posts
- 2,986
- Reactions
- 32
In the absence of any posts at all then contributing something is at least an opinion?
You are/were the biggest contributor here - are you directing your comment to yourself? So what is your opinion?
“Both optimists and pessimists contribute to our society. The optimist invents the airplane and the pessimist the parachute.”
- Joined
- 25 February 2011
- Posts
- 5,688
- Reactions
- 1,231
QuiteTrue.
My main complaint thus far has been your prolonged absence from posting to this thread. I haven't been game to enquire after regular posters in the "where are they now?" thread on account of last year's tragic event.
I am certain that I am not alone in saying that I am glad you're still with us.
As for pm's, given that I seldom trade them, I have a somewhat limited understanding of their price behaviours and that is the reason why I find contributions from posters like yourself so insightful.
Whilst I do also enjoy contributions from those leaning further towards the gold bug conspiracy theory end of the spectrum, I would hate to see this thread become imbalanced to the point of losing touch with reality. So Joules please, please keep posting your insights!
Come now! No need to be shy!
If you do this for me, I'll promise to be your best friend for the next two hours!!
