Ralphie Metals - 2017 Gold, Silver, and Copper tracking thread

[RudyRuetigger]

1/3 to 1/8

[RudyRuetigger]

So silver finally popped, and now my account is up 4% in 10 days, with no exit signs in sight, the day before I leave town.

Shut both trades down, or try and manage everything from my phone (which doesn't show me my entry and exit signals)?? Tough decision.

Either way fellas, if this is any indication, we should be in for a nice little 2017. See you on the 8th.

Good news: Up 6% now. Two weeks in. Closed both trades before Non-Farm Payrolls on Friday, not because I wanted to, but because I had to play defense because I wasn't around to set proper stop-losses, etc.

Bad News: Now I have nothing to trade, because gold and silver aren't officially turning down or anything like that, and copper is still sideways.

This was a really nice move in gold/silver, it certainly won't always be this way, but moves like this (and even bigger ones) will happen this year, and we're gonna catch them if I can help it.

Thanks for the support as well. Remember this when I take a loss or two . Everyone on here so far is a poster that I've grown to like over the years. It won't always be that way I'm sure, but fuk it.

As soon as another trade comes, I'll post it here. May not be for a few days though. I'll check in around then.

that's what im saying

[Ralphie Halves]

that's what im saying

I said I would start tracking here starting 2017. Those were trades made right after Xmas.

[RudyRuetigger]

I didn't tail

just wanted clarity incase I do......so you started tracking here from jan 1, but you left a question what do I do (1.3-1.8) and when back up, 6%

im just wondering wth is going on going forward

[Ralphie Halves]

I didn't tail

just wanted clarity incase I do......so you started tracking here from jan 1, but you left a question what do I do (1.3-1.8) and when back up, 6%

im just wondering wth is going on going forward

It was more or less just me talking to myself. Things will get more black and white from here on out.

And you can do whatever you like with it. This is just for me to track and see where it goes. Your actions are your own.

I just give advice to those who are tailing, because there's more dimensions to this than just following signals.

[jjgold]

never ever trade spot gold on forex accounts too easy to manipulate price on a fill and close. most cases there is no true other side

go through real financial brokers on commodity exchanges penny wide markets

[RudyRuetigger]

ok pal, im just following incase I want to tail

I trust you, you seemed smart in a thread I created

good luck

[triplecrown333]

never ever trade spot gold on forex accounts too easy to manipulate price on a fill and close. most cases there is no true other side

go through real financial brokers on commodity exchanges penny wide markets

those are pretty shady, they hunt stops

[jjgold]

those are pretty shady, they hunt stops

yes your funds are not secure like a real broker say TD Ameritrade

[triplecrown333]

agreed, my favorite american broker

[jjgold]

never forget demo trading is not remotely close to real tradings

Demo are instant fills and not real money

[Ralphie Halves]

never forget demo trading is not remotely close to real tradings

Demo are instant fills and not real money

Truth. Start small and get used to how it works. They're not all that way, but in the Forex world, there are brokers (Oanda) that were notorious for this, especially around news events.

[KVB]

lol, what shift JJ is this?

Instead of saying good luck, I'll offer the old saying "The harder you work the luckier you get" Ralphie.

I appreciate your notion of thinking out loud a little bit in the thread, that's the best way for readers to pick up a little of what you're doing.

[jjgold]

KVB I forgot more about forex markets than most people know

I have done it all

Very very few traders can beat financial markets especially spot gold , silver and other currencies

[Ralphie Halves]

Went LONG Copper @ 2.6645, $10/pip

Stop Loss at 2.5800

[jjgold]

good luck Ralphy

[jayc88]

Are you also trading FOREX? Sold Cable today for almost 100 pips and expect another sell off tomorrow.

[Ralphie Halves]

Are you also trading FOREX? Sold Cable today for almost 100 pips and expect another sell off tomorrow.

Post #1 explains everything you need to know.

[Ralphie Halves]

Up 23 pips right now, will take half my profit off at +50 pips unless my charts tell me to close the trade before that, which doesn't happen too often.

[QuantumLeap]

This is more interesting than some sports games I watch. Thanks for posting.

[Ralphie Halves]

So I think copper did hit +50 pips for me tonight, but the sucky thing about these UK accounts is that you can't set a limit order to automatically take half off of your trade -- you have to physically be on your app or at your computer to do it, and I wasn't. You can set it to take the whole trade off, but not partial.

Oh well not the first time that's happened. Sitting on +23 pips, hoping it will pop higher again.

[Ralphie Halves]

Closing the Copper trade at -40 pips

This was a winning trade, it went way above my target of +50 pips (went as high as +67), I just wasn't around to take profit. Oh well, shit happens. Anyone who was tailing probably made money.

Account is still up over 5%, with really bad luck (this last trade, and the Gold and Silver trades I had to close because I was gone that are still skyrocketting right now) and we're only in the middle of January. Pretty excited to see where this goes.

[kidcudi92]

long gold

will go long silver after it jumps 50 day MA on 6 month with the gusto

good luck

[Ralphie Halves]

I like the risk here.

Going SHORT Copper @ 2.6165, $10/pip

Stop Loss @ 2.6800

Taking half profit at +50 pips if it gets there.

[hostile takeover]

I don't see why people have a problem with Oanda. I've used them for years.

Tons of pairs, good spreads. Withdrawals (and deposits) are instant.

If you're concerned about stop loss hunting during news events then you're a gambler and you will get margin called during your journey.

[Ralphie Halves]

Yeah, I haven't been with Oanda for years, but the spread used to get ridiculously wide during major news events. So much so, that you would have to undo your stops, and then wait until after the news to put them back on again. I hope it has improved. I liked them otherwise.

[Ralphie Halves]

Copper unkind.

Exited at -95 pips.

A standard position for Copper and Silver for me is $20/pip, so I'm glad I went $10 on both losses. Trying to find a positive.

No worries though. In it for the whole year. And it will be a good one.

[jjgold]

Ralphie there are some people if you trade small do not believe in stop loses and just hold until your are right

[Ralphie Halves]

Ralphie there are some people if you trade small do not believe in stop loses and just hold until your are right

Oh yeah, lots. I used to be one. It works until it doesn't -- then you've lost so much you can't recover.

[jjgold]

It could only work with massive bankroll

[Ralphie Halves]

You broke my heart, but I just can't leave you.

Going Long Copper @ 2.7148 at $10/pip

Stop loss @ 2.6

[jjgold]

Ralphy this one will hit

[Ralphie Halves]

Ralphy this one will hit

LOL, closed for -50 pips. You mooshed me.

No worries tho, keeping the losses relatively low. Choppy shitfests like this turn into nice long runs. If Copper gives me another signal tomorrow, I'm on it too.

[jjgold]

fuk

how much money is that?

$500

[hostile takeover]

Where the heck are all these trades at?