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

  • #17,381
  • Mar 10, 2012 2:11pm Mar 10, 2012 2:11pm
Quoting Blythe
Oh, he's horrible writer. March 14-15th and 1685 are good for reversal. IMO, whenever price come close to 1690 it's a buy. MM is good: SL 1660, TP 1820. But lets' see if wave d respects the apex of triangle and where d is doing to end.
Just found this thread. Seems nice and friendly, and with some quality posts.

Blythe, I agree with your levels, I have the same based on my Gann calculations.
  • #17,382
  • Mar 10, 2012 3:40pm Mar 10, 2012 3:40pm
X

In response to your request for more detail about my trading techniques - suggest you refer back to your original post which links to my post #7949 which is an explanation of a series of SI trades from last year.....

beeb
  • #17,383
  • Mar 10, 2012 4:04pm Mar 10, 2012 4:04pm
hello every one,i am jain from india

Something very significant is going to affect many markets between March 11th and 15th.
I've been waiting for the March 12-14 time frame as well, Some comments:

The grand trine between (Jupiter + Venus), Mars and Pluto is occurring in earth signs. There should be a background of practicality, hard work and not wanting to change that is prefers the status quo.

This is the third and last pass of the Jupiter Pluto trine. The previous two dates were; July 2, 2011 and Oct 28, 2011, both just before a move down in the markets. Mars is currently retrograde in Virgo and in it's Mars Max stage. This could result in war related news or worse.

March 12th, Mercury turns retrograde and so does the Uranian planet Hades which is very close to a cardinal ingress. Narch 13 the Moon conjunct the North Node.

If the markets have not had a corrective move lower, this period should do it.

The next few months may be some of the most interesting of our lives.
  • #17,384
  • Mar 10, 2012 5:06pm Mar 10, 2012 5:06pm
Quoting Oshawa
Just found this thread. Seems nice and friendly, and with some quality posts.

Blythe, I agree with your levels, I have the same based on my Gann calculations.
Thank you and welcome!
Lehman Sisters Wouldn't Have Failed
  • #17,385
  • Mar 10, 2012 8:55pm Mar 10, 2012 8:55pm
This is correct, thanks for the reminder, I find I have to repeat myself often lately!!

However anytime you want to add feel free!!

Quoting beeb
X

In response to your request for more detail about my trading techniques - suggest you refer back to your original post which links to my post #7949 which is an explanation of a series of SI trades from last year.....

beeb
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,386
  • Mar 10, 2012 9:53pm Mar 10, 2012 9:53pm
here is the weekly channel
Attached Image (click to enlarge)
Click to Enlarge Name: xau weekly update march 12.GIF Size: 44 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,387
  • Mar 10, 2012 10:11pm Mar 10, 2012 10:11pm
Quoting XTrade
here is the weekly channel
sir i would like to know ..next coming week will be gold bearish? ....as me holding heavy shorts in gold
  • #17,388
  • Mar 10, 2012 10:27pm Mar 10, 2012 10:27pm
Quoting XTrade
I have been meaning to update the aging first post for some time.

I will add an acronym list. Many of these are used by retail traders and not by pros.
:There should be one link on stuff I use to trade. [b] But here is a brief overview
Techs:
1 Price Action - where it goes and how it responds to (history)
2 Support and Resistance - You can trade gold solely using SR
3 Trend lines and channels
4 Moving averages
5 Fractals
6 Chart Patterns &
/ Daily / Weekly candlestick analysis - just starting to add this more frequently
7 Volume -...

This has been what I am wanting to..to read..and to learn.
There is too much resource from post #1 to present.
This guideline really help new noobs in metal.

Thank you.

breeze
  • #17,389
  • Mar 10, 2012 11:27pm Mar 10, 2012 11:27pm
That is the purpose of post 1 - start there and use the links provided.

I can't learn for you. There is a lot of navigation and a lot of Info linked in that post.

Also randomly click pages and see where they take you.

This thread is not even the size of a trading book.17,000 posts are really 17,000 sentences.

Think about how many are in a book that is even 500 pages.

If you are not willing to do the time you will not find success.I am sorry but this is the truth.

You could read and skip the useless posts in this thread in a month if you wanted to.

Candles. High TF analysis is what they are good for. And YES this is totally relevant to day trading.
Some day traders take one or two positions a day, they don't do it just on a whim. Trades are set up for reasons.

http://www.hotcandlestick.com/candles.htm
http://www.hotcandlestick.com/weeklycandlesticks.htm
Quoting fxbreeze
This has been what I am wanting to..to read..and to learn.
There is too much resource from post #1 to present.
This guideline really help new noobs in metal.

Thank you.

breeze
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,390
  • Mar 10, 2012 11:34pm Mar 10, 2012 11:34pm
Look at how much beeb wrote here and refer to POST 1
http://www.forexfactory.com/showthre...23#post4765123
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,391
  • Mar 10, 2012 11:37pm Mar 10, 2012 11:37pm
There are more heads here X, ,all i see are heads, very little shoulders:


Attached Image (click to enlarge)
Click to Enlarge Name: HS example.GIF Size: 24 KB
  • #17,392
  • Mar 10, 2012 11:38pm Mar 10, 2012 11:38pm
You could also think of using a search engine and entering some of the terms I have provided

There is no such thing as too much in this business.

FX is a 24/5.5 DAY THING. You need to always be abreast and learning.

Saying there is too much is creating defeat before attempting success.

I AM STILL LEARNING. IN 10 YEARS I will STILL be learning.

Quoting fxbreeze
This has been what I am wanting to..to read..and to learn.
There is too much resource from post #1 to present.
This guideline really help new noobs in metal.

Thank you.

breeze
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,393
  • Mar 10, 2012 11:42pm Mar 10, 2012 11:42pm
Quote
The head and shoulders are sets of peaks and troughs. The neckline is a level of support or resistance. The head and shoulders pattern is based on Dow Theory's peak-and-trough analysis. An upward trend, for example, is seen as a period of successive rising peaks and rising troughs. A downward trend, on the other hand, is a period of falling peaks and troughs. The head-and-shoulders pattern illustrates a weakening in a trend where there is deterioration in the peaks and troughs.
Read more: http://www.investopedia.com/universi...#ixzz1omh2nD5D

Those are NOT heads, they are tests and price movements to fullfill the pattern.

A head and shoulders has

ONE SHOULDER, A HEAD which IS THE HIGHEST HIGH and SHOULDER TWO.

That is IT.

The measure of the top - is the measure of the projected profit for the bottom which the pattern has completed to A TEE.
In fact looking at the pattern there were TWO opportunities to short it at the neck both of which worked.

Often the price comes back to test the neck or broken support before the last and final fall.
http://i.investopedia.com/inv/articl...ndShoulder.gif
Quoting forexfacts
There are more heads here X, ,all i see are heads, very little shoulders:


Attachment
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,394
  • Edited Mar 11, 2012 12:15am Mar 10, 2012 11:48pm | Edited Mar 11, 2012 12:15am
I cannot make it any more clear than this.
http://upload.wikimedia.org/wikipedi..._s_top_new.jpg
INVERSE
http://upload.wikimedia.org/wikipedi...bottom_new.jpg

NOTICE how both of these had a TEST bar of the broken neck before proceeding. If these are dailys or weeklys that bar could easily be the move on the GBP chart that tested the neck before completion.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,395
  • Mar 10, 2012 11:50pm Mar 10, 2012 11:50pm
Quoting XTrade
Those are NOT heads, they are tests and price movements to fullfill the pattern.

A head and shoulders has

ONE SHOULDER, A HEAD which IS THE HIGHEST HIGH and SHOULDER TWO.

That is IT.

The measure of the top - is the measure of the projected profit for the bottom which the pattern has completed to A TEE.
In fact looking at the pattern there were TWO opportunities to short it at the neck both of which worked.

Often the price comes back to test the neck or broken support before the last and final fall.
http://i.investopedia.com/inv/articl...ndShoulder.gif...
ok Thanks X man
  • #17,396
  • Edited Mar 11, 2012 12:10am Mar 10, 2012 11:56pm | Edited Mar 11, 2012 12:10am
NOW - on the GOLD daily it looks as though the SECOND SHOULDER IS FORMING
to match the FIRST SHOULDER I underlined in red.

THE HEAD and NECK are in place.

We will see....... It is not perfect but they never are.

Stocks trend much more smoothly at times and these patterns are based on stock trading.


NOW the neck is in the proper place, - the pattern failed initially due to the sell off, it looks like it is changing and may still be valid. SEE THE RED ARROW.
No promises.
I am bullish anyway and targeting 2100 ultimately off the symmetrical triangle break, regardless of what happens here or does not.
Attached Image (click to enlarge)
Click to Enlarge Name: gold potential inv hs mch 12.GIF Size: 29 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,397
  • Mar 11, 2012 12:26am Mar 11, 2012 12:26am
Quoting XTrade
You could also think of using a search engine and entering some of the terms I have provided

There is no such thing as too much in this business.

FX is a 24/5.5 DAY THING. You need to always be abreast and learning.

Saying there is too much is creating defeat before attempting success.

I AM STILL LEARNING. IN 10 YEARS I will STILL be learning.

Dear Mr. XTrade,

Thanks for pointing out. I will bear your words in mind.

breeze
  • #17,398
  • Mar 11, 2012 1:18am Mar 11, 2012 1:18am
Quoting XTrade
here is the weekly channel
I've fork similar to that one of yours. Looks like bear failed to take control unless 15xx in sight again. which is.....farrr...faaar....awayyy.................by looking at the head n shoulder, which stock is that of your submitted h&s chart?

notice how EUR keeps going down and USDX keeps going up by 300 pips. While gold has 100-150 pips ranging all week, we were easily overshadowed by gold's "down" movement for a couple of days.

selling trap.
trading is my zen
  • #17,399
  • Mar 11, 2012 1:19am Mar 11, 2012 1:19am
Quoting jain
hello every one,i am jain from india

Something very significant is going to affect many markets between March 11th and 15th.
I've been waiting for the March 12-14 time frame as well, Some comments:

The grand trine between (Jupiter + Venus), Mars and Pluto is occurring in earth signs. There should be a background of practicality, hard work and not wanting to change that is prefers the status quo.

[color=#000000][font=Verdana][b]This...
are you on crack, sir?
trading is my zen
  • #17,400
  • Mar 11, 2012 1:47am Mar 11, 2012 1:47am
Quoting Blythe
Thank you and welcome!
Blythe, do you come up with your own trading plan of when to enter/stoploss etc. using your neowave knowledge, or does the neowave service website provide you with the trade setups.

Thanks.
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