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- The Rhodie replied Jan 24, 2014
In my humble inane opinion, some people have more money than sense. I have no calls on gold today. In fact, I am staying out of the market today. Don't squabble too much and be nice to each other. We don't read the forum for the daily spats, do we?
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 23, 2014
I suppose you mean a side view of a tombstone? Tombstones are many shapes, like angels, vehicles, even a taper! So it makes even less sense to me now than before. Here's a real tombstone, so what are you referring to? image
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 23, 2014
Second opinions can betray your personal confidence. Stick to what you know and if you don't know, don't do it.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 23, 2014
Trading is like an illness: A man went to the doctor because he didn't feel that he was 100% right. He told his doctor what he felt and the doctor prescribed a treatment that was, well, unorthodox. The man thinking that because the doctor had ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 23, 2014
What on earth is a trader's term "gravestone"? The death of a run? Missed entry on the beginning of a run? Funeral of sombody's account? And what is a doji? Something like a dojo, but outdoors? Must be japanese or summat...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 23, 2014
Really? What can you show to prove that you may be right? No chart is as good as keeping quiet, imo.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 23, 2014
My stops are 50c. That's tight. I aim for perfect entries and then the market moves away. If I'm wrong I can attack it again later, and the odds are in my favour when I do get in anyway, so I only give away $30 from my account trading $5 bids at the ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 23, 2014
can't understand why you would use such a huge stop. If you're trading $5 bids, that's $1500 you're prepared to give away if you're wrong, so why not use a $2 stop gap instead of $30? If you're right you don't need such a large stop. A stop is there ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 23, 2014
This is quite bullish for a day run. I imagine market may test 1265, so I hope you're prepared to lose that amount of money in the wrong direction. It's not that far from 1300, so there's psychology that says market may even test that! It may not be ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 23, 2014
Well that was a surprise for the market. Hit the exact 1250 level, and could well go to 1254 today, but then I expect it may start to sell of from there. With the market sitting @1248, there is still room for a test of 1250 but the volume is really ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 22, 2014
I have data going back 20 years... if that helps.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 22, 2014
I'm expecting gold to try rally to 1237-1240 then fall down over time to lower levels today and maybe test the support at 1140 eventually. That support test may take a few weeks though. The only concern I have is that it really is struggling to ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 22, 2014
Good to see you thinking that gold is to be shorted, but consider this: 1.) There have been 2 attempts at the last high of yesterday and they failed. Make gold more bearish than 1250 hopes. 2.) It's a $5.62 range so far today. That's a classic ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 22, 2014
So far I cannot see much chance of a bull run today. We have to wait for announcements today to se what will happen... A waiting game for a good entry short.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 21, 2014
You may be right, however, it looks more likely that it will retrace to go rangebound then fall over towards Friday. Now tht's a thought.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 21, 2014
The Retail Death Rattle “I was part of that strange race of people aptly described as spending their lives doing things they detest, to make money they don’t want, to buy things they don’t need, to impress people they don’t like.” - Emile Gauvreau ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 21, 2014
Your failures are active trader's successes Is this the real reason bitcoin is so successful? Maybe every bitcoin should be cryptoserialized against criminal use. Once identified in criminal use it becomes invalid. That would soon hyperinflationise ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 21, 2014
My daily analysis for Tue 21st: After a good rally in gold from the attempt to reach 1180.17, gold has had a good run. On annual scale (MN-W1) charts, gold has been a bear market for 2 years now. It does not yet look like that trend is completed, ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 20, 2014
Money grows on trees? Nah, it hemorrhages from the markets via silly traders who have more money than sense... my account is here to catch those scraps!
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- The Rhodie replied Jan 20, 2014
Quote of trhe week: "I would love to see you leak some of your money into my account... just to prove that you are wrong about the direction. What's a couple bucks between friends?" --experience vs hope.
XAU/USD & XAG/USD - Gold & Silver Traders Thread