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

  • #17,241
  • Mar 8, 2012 10:51am Mar 8, 2012 10:51am
hy xtrade, have you a screenshot on your goldchart!

i have look at your entrys, you are go up on 1676.

steve

Quoting XTrade
Hey Kill,
On the longer term charts, my standards
Are
SMA 50 100 200
Sometimes EMA 7 & 14 / 21

Shorter term like H1 I like the EMA 21 & 7
  • #17,242
  • Mar 8, 2012 11:00am Mar 8, 2012 11:00am
Quoting XTrade
Hey Kill,
On the longer term charts, my standards
Are
SMA 50 100 200
Sometimes EMA 7 & 14 / 21

Shorter term like H1 I like the EMA 21 & 7

me no like the sma may be the 200 is ok

try this rsi with ema200 in the same window for long time trades
Attached Image (click to enlarge)
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  • #17,243
  • Mar 8, 2012 11:27am Mar 8, 2012 11:27am
i honestly cant see how MAs can help me lol. at least standard ones. These ones i use dont really gauge price movement all the time - It gauges time as past movement put into future. If there was a change in price direction in that time before - with a certain shift according to natural time harmonics may give way to price turns in the future.

Shifted forward in certain periods in time such as quarts or eights of 360 heres A BB put forward in time but price follows or respects it in a way.
Attached Image (click to enlarge)
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and an MA with similar technique
Attached Image (click to enlarge)
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and ma favorite.. mirror MA's...
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Have I got something on my face, SOLDIER?
  • #17,244
  • Mar 8, 2012 11:45am Mar 8, 2012 11:45am
MAs can help you in many ways.

The market on higher time frames often pulls back to the 200 SMA ...

They identify support and resistance levels and act as floating supports /rezs.

You have to look beyond what they are and more into how you can use them to your benefit.

There are very identifiable buying patterns on some EMAs
on the H1 for instance in a trending market using the 21 EMA
the price will pull back to it and jump when it hits it, giving you a signal to buy,or vice versa if the price is below it.

They can identify targets for the price, as they are a historical record, what better projection of 200 days of where the price has been in a short period, to where it might go.

You can use them as exit points also.

Try using the Alligator on a demo. Some people trade off this as Pro's with a few other minor indis like fractals and pure price action.
Quoting bumapatria
i honestly cant see how MAs can help me lol. at least standard ones. These ones i use dont really gauge price movement all the time - It gauges time as past movement put into future. If there was a change in price direction in that time before - with a certain shift according to natural time harmonics may give way to price turns in the future.

Shifted forward in certain periods in time such as quarts or eights of 360 heres A BB put forward in time but price follows or respects it in a way.
.................
and ma favorite.. mirror MA's...
.............]...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,245
  • Mar 8, 2012 12:03pm Mar 8, 2012 12:03pm
Quoting XTrade
MAs can help you in many ways.

The market on higher time frames often pulls back to the 200 SMA ...

They identify support and resistance levels and act as floating supports /rezs.

You have to look beyond what they are and more into how you can use them to your benefit.

There are very identifiable buying patterns on some EMAs
on the H1 for instance in a trending market using the 21 EMA
the price will pull back to it and jump when it hits it, giving you a signal to buy,or vice versa if the price is below it.

They can identify targets for the...
True they do sort of have S?R values to them but how much are they valued in the market? of course there is a use but i dont know how much use it would be to me. but ill try it out for sure on a seperate chart as a "watchout". But honestly from my heart - MAs are the last tool i would use for a trading decision. The only indicator i use for confluence of certain events would be oscillators. I wont go for the OB OS and all divergences but its a headsup sort of thing. I guess i can use the MAs as a sideline tool for confluence as well . One thing for sure - indicators + me never matched that well. But im sure theres logic behind it, just maybe a in another plane of trading style...

Well thats buma for you. the complicated punk 15yo. . s

but i know Papa XT wants to help little Bump and i appreciate it as always...
how about a favour?

since its a quiet time can u explain me the importance of the physical market + spot market and their significance to gold price?
Have I got something on my face, SOLDIER?
  • #17,246
  • Mar 8, 2012 12:08pm Mar 8, 2012 12:08pm
Buma, and steve,

Here is a good screenshot of the 21 ema in action on a light trending H1 gold chart.


Quoting stevebalmmer
hy xtrade, have you a screenshot on your goldchart!

i have look at your entrys, you are go up on 1676.

steve
Attached Image (click to enlarge)
Click to Enlarge Name: Xau h1 21 ema.GIF Size: 12 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,247
  • Mar 8, 2012 12:18pm Mar 8, 2012 12:18pm
Quoting XTrade
Buma, and steve,

Here is a good screenshot of the 21 ema in action on a light trending H1 gold chart.
21.. its a fib number btw.

but thanks X for the chart.
Have I got something on my face, SOLDIER?
  • #17,248
  • Mar 8, 2012 12:54pm Mar 8, 2012 12:54pm
Just a tad too low. Market dipped to my area and I just missed the fill.
Attached Image
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,249
  • Mar 8, 2012 1:03pm Mar 8, 2012 1:03pm
i prefer market orders even though limit provides accuracy.

before after entry.
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34 fib number - used it for a MA.
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Have I got something on my face, SOLDIER?
  • #17,250
  • Mar 8, 2012 2:04pm Mar 8, 2012 2:04pm
Put yourself on ignore.

U need to do the hard work though....
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,251
  • Edited Mar 9, 2012 1:53am Mar 8, 2012 2:08pm | Edited Mar 9, 2012 1:53am
I never use EAs.

And I actually, I suppose from being a designer and occustomed to staring at screens for hours on end LOVE using Market Orders.

Yet I COMPLETELY agree.

Limit are more accurate ACCEPT when you don't account for those extra few pips, it is better to choose a slightly less favorable fill rate.

Now if you are trading with an ECN this is everything.

Your price has to be something someone will lift on the offer if you are exiting a long.
Thus, you can't be stingy or guess what NO FILL AT ALL>
Quoting bumapatria
i prefer market orders even though limit provides accuracy.

before after entry.
Attachment


34 fib number - used it for a MA.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,252
  • Mar 8, 2012 2:09pm Mar 8, 2012 2:09pm
Notice the higher entry was market and filled. At a less favorable price just incase my limit was not hit.

Quoting XTrade
Just a tad too low. Market dipped to my area and I just missed the fill.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,253
  • Mar 8, 2012 2:10pm Mar 8, 2012 2:10pm
Gold has successfully flipped the 1693 pivot s/r level this afternoon thus far.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,254
  • Mar 8, 2012 2:15pm Mar 8, 2012 2:15pm
B, these fibs are not pulled correctly. Is there a reason for this?

Quoting bumapatria
i prefer market orders even though limit provides accuracy.

before after entry.
Attachment


34 fib number - used it for a MA.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,255
  • Mar 8, 2012 2:32pm Mar 8, 2012 2:32pm
Quoting XTrade
B, these fibs are not pulled correctly. Is there a reason for this?
no they are. most peopel draw point to point u can just do the same thing without actually dragging point to point just to the the level itself by going for the high / low. same thing no difference.

these are retracements for PRICE therefore the placement based on time makes no difference if the price levels are the same
Have I got something on my face, SOLDIER?
  • #17,256
  • Mar 8, 2012 2:43pm Mar 8, 2012 2:43pm
When you want the most accurate result from Fibs they are supposed to be drawn from Swing Hi to Swing LOW. Or swing low to swing HIGH.

Sure you can slap them anywhere you want yet the idea is to get a result of what the majority of the market is looking at.

These are not drawn from swings.

EDIT: FORGIVE me it seems one of them is. Yet you are completely disregarding the LARGER move before the move you are drawing the fibo on.
Basically you are drawing a fib on a the retracement ---- of a larger move that has happened.

Quoting bumapatria
no they are. most peopel draw point to point u can just do the same thing without actually dragging point to point just to the the level itself by going for the high / low. same thing no difference.

these are retracements for PRICE therefore the placement based on time makes no difference if the price levels are the same
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,257
  • Mar 8, 2012 2:48pm Mar 8, 2012 2:48pm
NOTE the reaction in price action to the fib drawn on the larger move.

it is clearly reacting to the areas.
Attached Image (click to enlarge)
Click to Enlarge Name: aud jpy fibo.GIF Size: 32 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,258
  • Mar 8, 2012 2:49pm Mar 8, 2012 2:49pm
Quoting XTrade
When you want the most accurate result from Fibs they are supposed to be drawn from Swing Hi to Swing LOW. Or swing low to swing HIGH.

Sure you can slap them anywhere you want yet the idea is to get a result of what the majority of the market is looking at.

These are not drawn from swings.

EDIT: FORGIVE me it seems one of them is. Yet you are completely disregarding the LARGER move before the move you are drawing the fibo on.
Basically you are drawing a fib on a the retracement ---- of a larger move that has happened.
There is nothing wrong with that. A misconception is that the ratios are for retracements of a trend. They can easily be used on any current - past trend and or a retracement or high to high or low to low or low to high or high to low. small - large doesnt matter. The ratios are there to define the sections of possible reactive price zones within a selective price range.
Have I got something on my face, SOLDIER?
  • #17,259
  • Mar 8, 2012 2:51pm Mar 8, 2012 2:51pm
Quoting XTrade
NOTE the reaction in price action to the fib drawn on the larger move.

it is clearly reacting to the areas.
no doubt - but i was looking to go long Papa Xt. why do i need levels for a downtrend when im looking to go long? but that could work. as long as price is contained within the initial highs and lows it will act as possible S/r levels.


What i wanted was a price level to go long and i can take any swing i want.

Fibs can also be used for reversal tools
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 54 KB
Have I got something on my face, SOLDIER?
  • #17,260
  • Mar 8, 2012 3:02pm Mar 8, 2012 3:02pm
You are using the levels of the move down to get to the optimal 100% retracement ie: going long is your best choice.

Sure they can be slapped on 15 min candles. What I am trying to point out to you is that the more people around the globe who are trading off that fibo, the more consistent and powerful the zones are going to be and react.

This will help your stops / tps/ orderplacement, etc.

See what I mean?

And Yes you can use a fib to retrace a move up to see where it will go down.
Quoting bumapatria
no doubt - but i was looking to go long Papa Xt. why do i need levels for a downtrend when im looking to go long? but that could work. as long as price is contained within the initial highs and lows it will act as possible S/r levels.

The wrong thing in my opinion is to grab a whole trend just when its over. Many people tend to do that...

What i wanted was a price level to go long and i can take any swing i want.

Fibs can also be used for reversal tools
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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