Trading AG/USD or AU/USD...

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#1 Thu, Jul 28, 2011 - 9:42am
taoJones
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Trading AG/USD or AU/USD...

For those who are able, is anyone trading these pairs? If so, what strategy(s) do you recommend?

My knowledge of gold/silver puts/calls/options is very limited, so even though I am only in physical gold & silver, I was hoping to take advantage of the orchestrated smack-downs by the EE by shorting AG/USD and/or AU/USD at the opportune moments. The trick is knowing when this occurs. I suspect getting charts that show volume might help. Any suggestions? Thanks in advance! And all the best to everyone here...

Edited by: taoJones on Nov 8, 2014 - 5:15am
Tue, Aug 23, 2011 - 3:51pm
speconomist
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Joined: Jun 14, 2011
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To know when smack-downs

To know when smack-downs occur you can check recent charts from Turd, apparently 3:00AM EDT is becoming quite popular.

To check volume for silver and gold: click here, don't know where do they get the data from, but may be useful. Click on View -> Show volume chart

I feel very uncomfortable shorting, specially knowing that Gold is going to infinity, so if you try to short, have the stop-loss ready, or pull the plug manually if you believe the take down has stopped.

It's important to note that with most forex brokers you can't have a long and short position for the same pair, so you can't have your short running, and try to go long, because those operations cancel each other.

Honestly, I prefer to BTFDs, specially when Turd calls a bottom.

Can't think of anything else right now, I'll come back if something else comes to my mind. Will subscribe too in case someone replies.

Mike MALOney hater. Gingers DON'T have souls!

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