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

  • #46,301
  • Mar 28, 2018 11:29pm Mar 28, 2018 11:29pm
Quoting nimtrader
{quote} I'll try to refrain from responding to her posts but to ridicule anyone with charts or a TE while refusing to show anything except scorn just does my head in
No, you are wrong. She did show 9 years of history report. On one of her accounts. But deleted the post shortly after. It was something like 20k to 280k in 9 years. Only one fella here acknoledged that in a post.

I did not follow with a post, cause I do not want Ronda to think I am trying to kiss her ass, as I am not looking for partners here anymore. I used to. But quit the search and have turned off all PMs, as I have realized trading cannot be a small or a large hobby group based business. For the hobby group to work, it should be build by the same or similar status of traders. All successful, at different degrees, still all must be somehow successful or all traders are building their foundation at... rock bottom. Successful traders, naturally, do not partner with rock bottomers. And here we go. It is every man for himself trading world...
Maadik Hugiis. IQ 69.
  • #46,302
  • Mar 28, 2018 11:54pm Mar 28, 2018 11:54pm
I'm long GOLD at 1325.09 but I'm not expecting the BEARS to quit trying to push it lower. Break even trade unless it takes off.

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  • #46,303
  • Mar 29, 2018 1:57am Mar 29, 2018 1:57am
Will watch if buyers step in later and buy a possible dip...Statistically it's worth a try

UJ shouldn't break out though

Let's see
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"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #46,304
  • Mar 29, 2018 2:37am Mar 29, 2018 2:37am
Timing is always of my interest. Here is an idea based on timing. It is an idea, a belief. Takens it not seriously.
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Maadik Hugiis. IQ 69.
  • #46,305
  • Edited 3:13am Mar 29, 2018 3:02am | Edited 3:13am
Quoting MoneyZilla
Timing is always of my interest. Here is an idea based on timing. It is an idea, a belief. Takens it not seriously. {image} {image}
For timing, divergences in the cumulative delta can be useful

It's no holy grail and will give you also false signals on it's own, but used in combination with good levels and correlations, it can be a great tool for timing.
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"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #46,306
  • Mar 29, 2018 3:09am Mar 29, 2018 3:09am
Quoting michisuperfr
{quote} For timing divergences in the cumulative delta can be useful It's no holy grail and will give you also false signals on it's own, but used in combination with good levels and correlations, it can be a great tool for timing.
Very interesting! How do I get to that kind of screen? Is there any timing divergences in the cumulative delta indicator?
Maadik Hugiis. IQ 69.
  • #46,307
  • Mar 29, 2018 3:27am Mar 29, 2018 3:27am
Quoting MoneyZilla
{quote} Very interesting! How do I get to that kind of screen? Is there any timing divergences in the cumulative delta indicator?
You need an account with an futures broker (Don't wanna recommend here anything but if you google you will find something quickly) and a COMEX data feed (Costs 5$ monthly or something like that)

Literally every plattform offers a cumulative delta indicator (Ninja Trader, Sierra Charts, ATAS etc.)

I use the divergences in the cum. delta as a timing tool on a tick chart around good levels (I think you mean a bit something different with timing divergences.)
I personally never enter on gold anymore without checking the cum delta.

You should play with it and check if it's useful for you.

It's nothing new and no holy grail but like I said, in combination with other stuff, it can be powerful.
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #46,308
  • Mar 29, 2018 4:40am Mar 29, 2018 4:40am
Gold is below yesterday's low so I opened a short order. I have a buy stop 2$ above just in case Im wrong (to limit losses). On my chart I see next support levels 1316, 1308 and...1292
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #46,309
  • Mar 29, 2018 4:57am Mar 29, 2018 4:57am
Quoting jorgen.fx
Gold is below yesterday's low so I opened a short order. I have a buy stop 2$ above just in case Im wrong (to limit losses). On my chart I see next support levels 1316, 1308 and...1292
Starting to look like dollar is forming a double top on H1, not good sign for gold short.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #46,310
  • Mar 29, 2018 5:10am Mar 29, 2018 5:10am
Quoting jorgen.fx
{quote} Starting to look like dollar is forming a double top on H1, not good sign for gold short.
Do you mean a double bottom?
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I hope it falls like a rock towards your direction.

I got hooked on the buy fake-out. Again. Will flip back south around 1323 and lets hope it will not get back north anymore. For today.
Maadik Hugiis. IQ 69.
  • #46,311
  • Mar 29, 2018 5:22am Mar 29, 2018 5:22am
Quoting MoneyZilla
{quote} Do you mean a double bottom? {image} I hope it falls like a rock towards your direction. I got hooked on the buy fake-out. Again. Will flip back south around 1323 and lets hope it will not get back north anymore. For today.
It could be double top on dollar (DXY), but too early to say.

Btw, is today the last day of the week/month?
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #46,312
  • Mar 29, 2018 5:32am Mar 29, 2018 5:32am
Quoting jorgen.fx
{quote} It could be double top on dollar (DXY), but too early to say. Btw, is today the last day of the week/month?
Yes.
  • #46,313
  • Mar 29, 2018 8:33am Mar 29, 2018 8:33am
Quoting jorgen.fx
{quote} It could be double top on dollar (DXY), but too early to say. Btw, is today the last day of the week/month?
Technically no since China and Japan are still open for business tomorrow. But for my broker today will be the last day of the week/month.
  • #46,314
  • Mar 29, 2018 8:43am Mar 29, 2018 8:43am
Quoting kprsa
If it helps, I did a quick short-tf analysis of gold (taking only the 2 days back of data): Gold should make a pullback up to ~1340 before it can go down "regularly" imho. (note: the move down could have also completely finished.) If it breaks down below current low before reaching 1340, it means it should proceed for a long time down. Cheers, k
Should the gold price go and make a pullback now, the "ideal" price for it would be ~1336. As it broke the low mentioned before, the price should after the pullback nevertheless go down, for a long time (>1 week, dependent on when that "proper" pullback is ultimately made) imho.
Happy Easter!
k
  • #46,315
  • Mar 29, 2018 8:52am Mar 29, 2018 8:52am
Quoting kprsa
{quote} Should the gold price go and make a pullback now, the "ideal" price for it would be ~1336. As it broke the low mentioned before, the price should after the pullback nevertheless go down, for a long time (>1 week, dependent on when that "proper" pullback is ultimately made) imho. Happy Easter! k
We are selling (with Jorgen) the gold atm.

I am like 90% sells now and 10% buys. Jorgen should be 100% sells. He trades an algo, too.

Why is that aggression K? Why make things complicated?

As a friend, I would expect you to say: yes, MZ, gold will go down to 1316 today, cause that is exactly where you need it, my friend!
Maadik Hugiis. IQ 69.
  • #46,316
  • Mar 29, 2018 9:32am Mar 29, 2018 9:32am
Quoting MoneyZilla
{quote} We are selling (with Jorgen) the gold atm. I am like 90% sells now and 10% buys. Jorgen should be 100% sells. He trades an algo, too. Why is that aggression K? Why make things complicated? As a friend, I would expect you to say: yes, MZ, gold will go down to 1316 today, cause that is exactly where you need it, my friend!
My method doesn’t predict the future, it just calculates decision points in price. But so far I don’t see any decision points below, so you should get your 1316 (or lower)...

Cheers,
k
  • #46,317
  • Mar 30, 2018 7:52am Mar 30, 2018 7:52am
Is it a bank holiday in the US on Monday? Anyone know?
  • #46,318
  • Mar 30, 2018 8:43am Mar 30, 2018 8:43am
Quoting jmtini
Is it a bank holiday in the US on Monday? Anyone know?
Gold goes back to normal on Monday. Will it continue ranging or it will be trending on Monday? I personally have no idea...
Maadik Hugiis. IQ 69.
  • #46,319
  • Mar 30, 2018 9:23am Mar 30, 2018 9:23am
FWIW = There is a change in Sharia Law that will allow Muslims to own Sharia compliant gold. The compliancy is that Muslims can purchase and own actual physical gold, not the paper stuff i.e. ETF stuff. this law comes into effect on the 1st April 2018. As a quarter of the global population are Muslims this will put a huge demand on gold
da n0o0b + $hit_Disturber
  • #46,320
  • Mar 30, 2018 10:08am Mar 30, 2018 10:08am
Quoting jmtini
Is it a bank holiday in the US on Monday? Anyone know?
Just today.
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