Hi fellas,bears another season is open after 1661.26 level hit 
Nice daily tf short wave,price must go to 1550.xx level
Nice daily tf short wave,price must go to 1550.xx level
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #14,202
- Dec 12, 2011 2:46pm Dec 12, 2011 2:46pm
couple of things:
1) forexfactory has loaded a new feature...you can connect via your investor password to your live account....so you can allow people to see what trades you are in. Mine can be seen at the following address:
http://www.forexfactory.com/dogbreath
Keeps us all honest
2) Also have a couple of indicators I use that might be useful....I have tried hundreds of the last 5 or 6years....these two I have continued to find useflu and accurate.
FiboPivot_v4_mb
and
ZUP_v92
I believe there is a newer ver of ZUP....if anybody has it would appreciate it being uploaded here.
another useful edit is on your fibo tool....edit the settings and under the fibo level column....make it look like this on each level:
(%$) 23.6
It will then show the price of each line.
Hope this helps somebody out there.
1) forexfactory has loaded a new feature...you can connect via your investor password to your live account....so you can allow people to see what trades you are in. Mine can be seen at the following address:
http://www.forexfactory.com/dogbreath
Keeps us all honest
2) Also have a couple of indicators I use that might be useful....I have tried hundreds of the last 5 or 6years....these two I have continued to find useflu and accurate.
FiboPivot_v4_mb
and
ZUP_v92
I believe there is a newer ver of ZUP....if anybody has it would appreciate it being uploaded here.
another useful edit is on your fibo tool....edit the settings and under the fibo level column....make it look like this on each level:
(%$) 23.6
It will then show the price of each line.
Hope this helps somebody out there.
Life's a bitch....so be a dog and cover it!
- #14,203
- Dec 12, 2011 2:48pm Dec 12, 2011 2:48pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
hmmmm.....which way
with the volatility......it could bounce up n down pretty radically.
the correction from the alltime high is not over.
Plain as day, especially once it retraced to 1800 area then sold off, and then retraced to 1750 and sold off again.
If resistance @ 1700 doesn't hold then I believe correction will be complete. I don't expect this to happen though.
Lows at or below 1534 (Sept 26th low) are more likely. But even more likely lows in the 1415-1365 zone.
- #14,205
- Dec 12, 2011 3:12pm Dec 12, 2011 3:12pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #14,207
- Dec 12, 2011 5:04pm Dec 12, 2011 5:04pm
61.8% of which hi-to-lo?
Obviously now it sliced right through that level while I snored!!
Cath
- #14,208
- Dec 12, 2011 5:04pm Dec 12, 2011 5:04pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #14,209
- Dec 12, 2011 5:06pm Dec 12, 2011 5:06pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #14,210
- Dec 12, 2011 7:36pm Dec 12, 2011 7:36pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
$10 drop in 10 minutes - at this time of the trading day. 
- #14,212
- Dec 12, 2011 7:48pm Dec 12, 2011 7:48pm
$10 drop in 10 minutes - at this time of the trading day.
Swaps for undelivered PM drive the price down for now, but change is in the air.
I agree with the theory that gold will remain highly correlated with stocks...until it isn't....
- #14,215
- Dec 12, 2011 8:34pm Dec 12, 2011 8:34pm
Now that is one extensive forecast. Way to commit.
Looks like the "big boys" (actually more namby pamby little chicken necks) are driving the price down again....so they can get rid of some of their fractional reserve accounting to pay their customers demanding real gold
sorry....makes me feel better having a dig at the scum bags once in awhile
Life's a bitch....so be a dog and cover it!
- #14,216
- Dec 12, 2011 8:36pm Dec 12, 2011 8:36pm
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
couple of things:
1) forexfactory has loaded a new feature...you can connect via your investor password to your live account....so you can allow people to see what trades you are in. Mine can be seen at the following address:
http://www.forexfactory.com/dogbreath
Keeps us all honest
2) Also have a couple of indicators I use that might be useful....I have tried hundreds of the last 5 or 6years....these two I have continued to find useflu and accurate.
FiboPivot_v4_mb
and
ZUP_v92
I believe there is a newer ver of ZUP....if anybody...
at last ! someone posts indis on the gold thread !
can u provide the settings for each and how they work ? thier purpose.
- #14,217
- Dec 12, 2011 8:40pm Dec 12, 2011 8:40pm
at last ! someone posts indis on the gold thread !
can u provide the settings for each and how they work ? thier purpose.
The fibs are straight forward...resistance and support levels.
The ZUP......just look for the blue butterflies....guaranteed on the higher time frames like 30min 1hr and H4....but also very effective for scalping....on 15min 5min and 1min.
If you get one on H4 1hr 30min and 15min....load up.....you almost cannot go wrong.
Life's a bitch....so be a dog and cover it!
- #14,218
- Dec 12, 2011 8:48pm Dec 12, 2011 8:48pm
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
The defaults work for me.
The fibs are straight forward...resistance and support levels.
The ZUP......just look for the blue butterflies....guaranteed on the higher time frames like 30min 1hr and H4....but also very effective for scalping....on 15min 5min and 1min.
If you get one on H4 1hr 30min and 15min....load up.....you almost cannot go wrong.
