I presume he means divergence when he says Div.

james16 Chart Thread

No it isn't a DBHLC. I didn't intend to suggest this. But I notice that a number of posters have been combining bars. It then occurred to me that on a daily chart, for example, a DBHLC would be a two day bearish candle. That being the case a triple ...

james16 Chart Thread

Here we have a big bearish 2 day pin bar. Thinking about it - and it may have been mentioned several times in the thread this is what the DBHLC is about. Combine the DBHLC bars and you get a bearish pin bar.

james16 Chart Thread

Atc Can you re-do the image I can't make out any of it clearly, it is blurred for some reason. Try the snipping tool on Windows accessories.

james16 Chart Thread

What time period is this chart? It isn't the weekly chart. It says W3. I screw my eyes up and by a process of addition combine three weeks bars to get a bullish bar with a long wick. The first forex website I started reading was forex4noobs. NickB ...

james16 Chart Thread

Dow pin bar — I am already on this ride. I posted a double high on the daily earlier in the week. The Dow and all the other stock indices took a battering on Friday. I expect no rest bite next week. I noticed there was a pinbar on the weekly ...

james16 Chart Thread

The chart has been rising parabolically - so this year's rise is steeper than last. The big correction in gold came after the BIG psyche level of $1000 was hit in March 2008. Did it trigger panic in the Central Banks? Probably. The rise to this was ...

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

Currently I am short on AUD/CHF. I might as well be short on AUD/JPY. Take the daily chart of the Dow and the daily chart of AUD/JPY. They are VERY VERY similar - almost identical. Now put up the daily chart for AUD/CHF So AUD/JPY fell today. Was ...

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

I reserve opinion until today's candle has closed - a lot can happen in the remainder of the trading day.

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

So it made 1185.8 - It went towards the lower end of the lower wicks of the previous days. Price has pulled back now. My feeling this is as low as it will go for today. If so this could be no more than further consolidation. The break downwards was ...

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

Thanks for the interest I will look into this.

james16 Chart Thread

Looks like a potential breakout and down. It is at the bottom of the previous candles in the congestion on the daily - I can see it continuing 1185 is the lowest wick which looks quite possible today.

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

I read the document by Adrian Douglas. It explains the market is rigged for both gold and silver to promote the "strong" dollar. They looked at the price of gold, copper and oil over a 16 year period and showed that gold was heavily suppressed ...

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

Nice to be back. I started to read these. I will finish off and precise the opinion given for tomorrow. I have had problems with the second pdf - it doesn't download properly. I will try to find another copy if possible. The second ...

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

This is a question I raised a few weeks ago. Clearly some of the candles on the charts will appear differently in different time zones. Plain and simple they will be different. Plain and simple some of the formations seen in the USA will not be ...

james16 Chart Thread

Well this is true - there is a level of resistance which dates back to the high around 1st December 2009. You can see it on the daily chart. There again there is support around 1200.0 and there appears to be a trend line forming. So we have price ...

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

Which exit will that be? Gold? USD? Fiat Currencies? T bonds? An exit is a means of leaving one place, to enter another. So where/what will everyone be leaving and where will they be going to?

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

Silver ema — I have noticed this before but if anyone hasn't noticed this - I have a number of ema's on my charts. They are to do with a trading method I don't use but the ema's are useful. On the chart the pink ema is the 150 day. Notice that ...

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

If gold tanks all by itself and on no news - WE will say "some bastard is manipulating the market" That's not the usual muppet comment where traders blame the market maker for their own losses - in gold it is often quite true.

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

New Trendline forming — This is not obvious on the daily chart but if you switch down to 8 hourly there is a new trendline forming in gold. It runs parallel to the most recent previous one. If you draw a trendline from early March missing out ...

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