ddinnov - I am not sure price always follows the rules with gold and especially silver. For me price is due to come down, which it just did.

james16 Chart Thread

June 15 (Bloomberg) -- Gold prices rose the most in a week on demand for an alternative investment to currencies as the dollar slumped and concern mounted that Europe’s sovereign-debt crisis will escalate. This is just why I say the comment by China ...

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

Hi XTrade ddinnov and I follow James 16 Group. Many of the setups were originally put forward by Martin Pring. The inside bar, the outside bar, the pin bar. There are some other setup ups J16 advocate - the double bar high low close, the double bar ...

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

Hi there ddinnov, I went back to the early posts on J16 to double check the definition of the double bar low high close. The lows must be the same or within a pip or three. The ones of the silver chart aren't the same. James particularly stated he ...

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

Price has gone up today but looking at the daily candles nearly all of them have a lower wick so statistically price is likely to retrace a little.

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

On my daily chart for spot gold it is not a bullish engulfing pattern - today's bullish candle has hardly any wick and so the lower wick of the previous candle is not engulfed. It is certainly a bullish candle as price has headed up almost from the ...

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

This is why I am so interested when James says he is going to start to cover commodity trading on the private site. Not so many people appear interested at the moment but this may change.

james16 Chart Thread

Silver — Silver had a spike up at 15.40 GMT Hit $18.66. Saw it first on the 4H chart - was a bit nervous about entering short, thinking it could keep going. Switched to the 5M chart and let it top out and pull back a bit before entering short. ...

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

Yes - if you look on the daily chart you will see the pattern - me and my patterns. The price is bouncing up the trend line I drew. It was coming back down to the line until yesterday when it hit the line - now it is time to bounce up. I think ...

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

It is all relative.

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

It is interesting to see the volume falls off as the index rises. I have seen divergence with MACD and RSI - going down with these rises. This is a reverse head and shoulders - I don't think this fits the Dow. It would easy to say this is a weak ...

james16 Chart Thread

This is good. The indices tend to move together. I have many of the indices of the world available. Indices I did not know existed until I looked. James trades the mini Dow on a 2000 tick chart. He says this is what he does most of the time as it ...

james16 Chart Thread

LOL I called him meat head - he is meat robot. Meat robot, meat loaf, meat head - what does it matter.

james16 Chart Thread

I suspect there is more to this meat head guy. From the thread I can see he has been warned by the admin of Babypips to lay off as it looks like he is simply dissing J16 and there is nothing constructive in what he is doing. He has a big issue about ...

james16 Chart Thread

XTrade I agree when price is whipping around it pays to go lower time frame. It depends on your trading style, methods and stop loss. The world is a much different place on the 5M chart. There are patterns and activity the longer time frame people ...

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

I just put something on babypips - I am a member there. There is a good deal of BS going down there. "Today, 12:31 PM six gun Join Date: Feb 2010 Location: Birmingham, UK Posts: 1 From a member of the private J16 Group website I am a member of the ...

james16 Chart Thread

No my mistake! Last night I was in a discussion about gold. My buddy showed a 15M chart - I know the gold chart. I was lost. He had drawn lines and was talking about a bullish triangle. The chart might as well have been the price of bananas. I was ...

james16 Chart Thread

The reason I went down to the lower time frame was to see in more detail where the obstacles to price were. This was an analysis after the fact, I did not take this pb. If I spot a potential difficulty on a chart I find it useful to switch between ...

james16 Chart Thread

CAD/JPY — Here is the daily for CAD/JPY

james16 Chart Thread

CAD/JPY — This is the 1H chart. The first target would be 88.0 or maybe even 88.75 if you were cautious. So really it isn't doing anything that isn't anticipated. I just looked a nice pb and then there's then there the matter of traffic.

james16 Chart Thread