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

  • #17,801
  • Mar 18, 2012 11:56am Mar 18, 2012 11:56am
Quoting SunTrader
I don't see the use of Outside days as gap like.

Inside days show consolidation/hesitation. I use them to determine whether to enter/exit or add to a trade.

Meantime Friday was an Inside day also, so the spring is tightening.
thanks for the info,
gann considered them as gaps but not that i pay much attention to it though but just a share
Have I got something on my face, SOLDIER?
  • #17,802
  • Mar 18, 2012 12:53pm Mar 18, 2012 12:53pm
thats what i see i might be wrong
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  • #17,803
  • Mar 18, 2012 1:55pm Mar 18, 2012 1:55pm
kill56, I was thinking price can go up to 1682-85 and then go south.

1685 is last swing 61.8% fib retracement, but who knows. Maybe because of the double inside bars ind daily it won't happen, but who knows. Right now, i'm just waiting.
  • #17,804
  • Mar 18, 2012 2:22pm Mar 18, 2012 2:22pm
Quoting jsr
kill56, I was thinking price can go up to 1682-85 and then go south.

1685 is last swing 61.8% fib retracement, but who knows. Maybe because of the double inside bars ind daily it won't happen, but who knows. Right now, i'm just waiting.
we might if we close above 1666 that will take us to 61.8 but if we stay below then 38.2 is next , remember we are dealing with crazy gold any thing gos all card on the table ,lets see how the dollar acts this week

look at this chart it have been good to me level wise its monthly fibs
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  • #17,805
  • Mar 18, 2012 4:13pm Mar 18, 2012 4:13pm
Quoting kill56
i wish i could code i am learning though

try those

How works this system ?


kind regards, philipe
  • #17,806
  • Mar 18, 2012 4:39pm Mar 18, 2012 4:39pm
Quoting felipeds
How works this system ?


kind regards, philipe

read with me
Attached File(s)
File Type: pdf Better_Volume_Indicator.pdf   322 KB | 448 downloads
  • #17,807
  • Mar 18, 2012 4:44pm Mar 18, 2012 4:44pm
Wait, slow down.

My lips can't move that fast.

  • #17,808
  • Mar 18, 2012 5:01pm Mar 18, 2012 5:01pm
Quoting kill56
read with me
tks my friend.. have a great week..

i will install indicators to volume in my chart..



philipe.
  • #17,809
  • Mar 18, 2012 5:48pm Mar 18, 2012 5:48pm
think it will need to deal with that nice mature demand zone just above the 61.8fib first, it has been maturing since jan 13th, it did manage to test it last week before getting rejected
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  • #17,810
  • Mar 18, 2012 9:32pm Mar 18, 2012 9:32pm
Dont forget she has just bounced off the weekly channel inside bottom bar twice with the second tap making a higher low.

Price keeps testing 1663, It should break soon topside as the resistance there is minor.

A daily close above and sustained 1670 should propel us back up to test 1700.

Since we are only in March I am not in a rush at this point for 2k due to the fact that I wan't to try and accumulate some more physical.

I am working on silver and copper right now. Almost done with silver. Copper is more of a long long long term hobby for payoff one day when the metal has to be mixed with something cheaper to sell to developing nations.

-----------

She could test lower again, but for now I would only give her into the 16 -30s. Lower than 37 sustained I would look to 1580 around where the symmetrical triangle broke, which is a super important area for reaction time. AND if the price holds on the test of this line I will look for a pretty solid run to 1800 next.
G/L

Thanks for the indi, need to open it up and test her out!
X
Quoting kill56
thats what i see i might be wrong
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,811
  • Mar 18, 2012 10:14pm Mar 18, 2012 10:14pm
Quoting SunTrader
Not a PinBar. Low did not extend below Thursday's low.
A pin bar is still a pin bar to me and is still valid PA, regardless of the low. Maybe our definition differs.
  • #17,812
  • Mar 19, 2012 1:16am Mar 19, 2012 1:16am
Hello all
I think we have come to a place which is very sensitive 1600 only if the breach of the rules of the trading price, we will see a sharp decline and if it does not penetrate, I think this is the last day of the fall in price and will return to the upward path again
What do you think
Thank you.
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  • #17,813
  • Mar 19, 2012 2:37am Mar 19, 2012 2:37am
Quoting ameer.tahoe
What do you think
I'm thinking that's a very colorful chart you have there

My trend for this week is still bear, at least until it touched 1625ish which is a major support level (monthly pivot S2)
  • #17,814
  • Mar 19, 2012 3:46am Mar 19, 2012 3:46am
Quoting grandia
I'm thinking that's a very colorful chart you have there
the things lit up like an xmas tree.
I nominate it for a finalist in chart of the week.

I do 2nd eyes on that line up to 1600 also.
  • #17,815
  • Mar 19, 2012 7:13am Mar 19, 2012 7:13am
Quoting Sreym33
A pin bar is still a pin bar to me and is still valid PA, regardless of the low. Maybe our definition differs.
I've heard that a pinbar is valid when it pierces a S/R level and when it's nose protrudes out from previous candles highs or lows.

In weekly, 2 candles ago was a pin bar, but didn't work.

I'm still wondering a lot of things. One of them is if september bearish engulfing in monthly is controlling price action.

At least february looks like a shooting star to me.

Maybe I need to focus in fundamentals, but I think that if price is being manipulated, it is being done through technicals.
  • #17,816
  • Mar 19, 2012 10:36am Mar 19, 2012 10:36am
Quoting jsr
I've heard that a pinbar is valid when it pierces a S/R level and when it's nose protrudes out from previous candles highs or lows.

In weekly, 2 candles ago was a pin bar, but didn't work.

I'm still wondering a lot of things. One of them is if september bearish engulfing in monthly is controlling price action.

At least february looks like a shooting star to me.

Maybe I need to focus in fundamentals, but I think that if price is being manipulated, it is being done through technicals.
All we can do jsr is play the probabilities and use our edge(whatever it is) to increase our potentials, right?
A pinbar for me is simply a long wick, one side or another, with a small body and represents the sentiment of the market for that time period regardless of where it lies. Obviously a daily pinbar is 24x more meaningful than an hourly. This pin was right at S/R of 1662 and looked like a continuation candle to me because it followed a bullish candle. So far it's working out today(1668 at writing)
You are correct, the weekly pin didnt work out if you entered at the close but that is not how I use weekly candles so I was safe.
  • #17,817
  • Mar 19, 2012 12:26pm Mar 19, 2012 12:26pm
1663 Minor resistance broken as of now,

next to beat in short term high at 1669
this should propel us into the seventies.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,818
  • Mar 19, 2012 12:38pm Mar 19, 2012 12:38pm
some no repaint indis at the grave yard enjoy
  • #17,819
  • Mar 19, 2012 1:03pm Mar 19, 2012 1:03pm
Nice little break out on silver thru the minor resistance at 32.70 looks like it may be stalling a bit in early afternoon NY trading session.

For the upcoming sessions (she is almost there) it is imperative that we re-take
the S/R level of 33.00 flipped back to support the price.

This will likely lead to a re-test of 34.30 with eyes on the prize at 35xx
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #17,820
  • Mar 19, 2012 1:29pm Mar 19, 2012 1:29pm
Quoting Sreym33
....... Maybe our definition differs.
Yes it does. A PinBar (short for Pinocchio, i.e. bignose) sticks out beyond the previous bar. Otherwise it was more like a gravestone doji.

We can't all have different definitions if we are to communicate properly.
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