While I was making this chart the Yen unexpectedly fell hard, darn it. I was expecting EUR/JPY it to pull back from the median line at 118.50 when it stopped and sat there for a half hour and similarly I expected NZD/JPY to pull back as well. I'll ...

Davit's Confluence Trading

BoC statements at 10am EST. The rate is unlikely to be changed but comments may imply weakness to encourage weakening the Loonie for the sake of exports, particularly with Carney moving on to head the BoE there is less political incentive to paint a ...

Davit's Confluence Trading

I hope you took profit on your Kiwi trades. It's reversed direction and I think the Kiwi, the Aussie, and the Loonie (in that order) are going for new highs as they are the strongest of the currencies. I don't like where daily RSI is for any pair at ...

Davit's Confluence Trading

Sorry, yes, I should have included that. Zooming in to the 4 hour chart for the sake of clarity, I see EUR/USD travelling sideways between 1.32625 and 1.34 until about February 4. I've got two sets of parallels of which I think the dotted set is ...

Davit's Confluence Trading

Please don't cut and paste from articles except to demonstrate your own points about trading gold and silver, and always include a link to the original article.

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

I don't think we're going to see the Euro break below its current range for a full reversal until after the debt ceiling (round one apparently) is "dealt with" and the problems with the Eurozone are once again the focus. The markets in general have ...

Davit's Confluence Trading

That's happened to me far too many times. I'm good at picking targets but when price goes too far astray I get out. Granted, that is what you're supposed to do (isn't it?), but nine times out of ten (and that's not even an exaggeration) if I'd held ...

Davit's Confluence Trading

I'll suggest again what I would do were I in your position to get out of the hole you've dug yourself into, but you need to rely on your own analysis for specifics. At the very least you should either close out all your longs or all your shorts ...

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

This short video has the best technical analysis of USD/CAD that I've seen. video

Davit's Confluence Trading

I thought a reminder was in order, and an addendum: 0. (a) Posting your out seven hours after it would have triggered is doubly unnecessary.

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

If you're going to post a chart, please explain it.

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

Ahead of growing support to audit US gold reserves, Germany makes the first move to repatriate its gold. url addendum: GATA (too intent on proving conspiracies to be considered reliable) thinks the official announcement may push the gold price ...

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

I have the same lines. Here's a chart with two set of bull and bear channels/forks. Purple is from last summer. Green goes back to 2008. I've noted two possible targets based solely on these lines, though I would look to RSI for reversal ...

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

For some global perspective, gold and silver spot in Euros are definitely looking more bearish on the daily charts. image image

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

That's a bit harsh. Granted, that chart was absolutely ridiculous. You cannot project Eliot waves out past the "current" count and I don't even know how many counts that chart included. However, Eliot waves are based on Fibonacci which I find to be ...

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

I think that's a reasonable call. That was confirmed just a moment ago and it's also the range of the bull channel I have it in at the moment though it also has to contend with bear resistance line from the high in November which it's butting it's ...

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

If you trade currency futures rather than the actual pairs, each future represents $12,500, so two, which would cost you roughly $800, would be the same as taking out a full-sized Forex lot which costs roughly $800 on margin. ... I was looking at ...

Davit's Confluence Trading

You've gone back and edited this post several times, and it now makes somewhat more sense than your original post, and I agree with the part about it being useless which is why I asked you to give us more details. Perhaps there is a language ...

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

Again, what's with these ridiculously large ranges? What are your actual target prices? Why do you think there will be selling pressure during the seasonal buy period if price doesn't complete a full reversal of this correction first? As for your ...

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

How about, since you're posting here in XTrade's forum, you have the courtesy to post your charts here? I'm sure everyone will want to check out your videos after you've demonstrated that you have something more useful to contribute than a $120 ...

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