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

  • #24,781
  • Aug 29, 2013 2:19am Aug 29, 2013 2:19am
USD seems quite strong today,
XAG - XAU should slide down until US Unemployment news.

maybe long from there...
  • #24,782
  • Aug 29, 2013 2:24am Aug 29, 2013 2:24am
gdp wil show bad progress and market will blow upwards. before that staying on the side lines is better .
  • #24,783
  • Aug 29, 2013 2:27am Aug 29, 2013 2:27am
Quoting khizar
gdp wil show bad progress and market will blow upwards. Before that staying on the side lines is better .
lol you don't know that!
  • #24,784
  • Aug 29, 2013 2:46am Aug 29, 2013 2:46am
Quoting TheArcher
wow ! a classical pin-bar ? {image}

Take note that it was an up bar pinbar which could also lead to an upward price movement still
  • #24,785
  • Aug 29, 2013 2:52am Aug 29, 2013 2:52am
Might go long from 1407 - 1400 zone.
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Click to Enlarge Name: XAUUSD1.JPG Size: 50 KB
  • #24,786
  • Aug 29, 2013 3:42am Aug 29, 2013 3:42am
Quoting Scalptastic
Might go long from 1407 - 1400 zone. {image}
hey scalp,
what is your short/long term bull/bear bias xag/xau?
  • #24,787
  • Aug 29, 2013 3:54am Aug 29, 2013 3:54am
Quoting openyoureyes
{quote} hey scalp, what is your short/long term bull/bear bias xag/xau?
I think longer term we will go higher than 2000 (it will be very long time investment)

Short term I think channel will hold and and we will go higher from bottom to at least middle of the channel 1440-1450
  • #24,788
  • Aug 29, 2013 4:04am Aug 29, 2013 4:04am
Quoting Scalptastic
{quote} I think longer term we will go higher than 2000 (it will be very long time investment) Short term I think channel will hold and and we will go higher from bottom to at least middle of the channel 1440-1450
shorter TF, bear flag/pennant forming
  • #24,789
  • Aug 29, 2013 5:38am Aug 29, 2013 5:38am
Quoting sugarbelly
{quote} Take note that it was an up bar pinbar which could also lead to an upward price movement still
i unfamiliar with the "up bar pinbar " . care to explain what that means , with an example chart please. thank you.
  • #24,790
  • Aug 29, 2013 5:55am Aug 29, 2013 5:55am
When pin bar opening price is lower than the closing price of the bar it is rather a continuation signal. When opening price is higher than the closing price of that bar it is a more clear sell signal. In this case however price went down nicely but still expect an up move, there were many buyers in that bar as well; that's why the closing price was higher than the opening price. Hope you understand this way. Not good at graphics.

actually in VSA it is called an upthrust or an up bar upthrust
  • #24,791
  • Aug 29, 2013 7:36am Aug 29, 2013 7:36am
..
Quoting jay_
{image}
  • #24,792
  • Aug 29, 2013 7:44am Aug 29, 2013 7:44am
Quoting sugarbelly
When pin bar opening price is lower than the closing price of the bar it is rather a continuation signal. When opening price is higher than the closing price of that bar it is a more clear sell signal. In this case however price went down nicely but still expect an up move, there were many buyers in that bar as well; that's why the closing price was higher than the opening price. Hope you understand this way. Not good at graphics. actually in VSA it is called an upthrust or an up bar upthrust
Can you post a screenshot demonstrating this, because I don't understand what you mean either.
You can always make money tomorrow provided you don't lose it today.
  • #24,793
  • Aug 29, 2013 7:51am Aug 29, 2013 7:51am
silver~ [email protected]
[email protected]
  • #24,794
  • Aug 29, 2013 8:07am Aug 29, 2013 8:07am
Quoting KADC
{quote} Can you post a screenshot demonstrating this, because I don't understand what you mean either.

Sorry still not good at chartsand uploading it.

Just see it like this: after climbing prices when you see a pinbar, price is more like likely to fall after the pinbar has closed when the pinbar is red (down bar) than when it is green (up bar).
  • #24,795
  • Aug 29, 2013 8:33am Aug 29, 2013 8:33am
Quoting TheArcher
can u teach me how ..... please ?
Do you have 15 years to spare - watching the markets minute by minute day after day?
  • #24,796
  • Aug 29, 2013 8:36am Aug 29, 2013 8:36am
PinBars

http://www.google.com/url?sa=i&rct=j...77869761541103
  • #24,797
  • Aug 29, 2013 8:56am Aug 29, 2013 8:56am
Quoting SunTrader
PinBars http://www.google.com/url?sa=i&rct=j...77869761541103
addition:

source: http://www.fxstreet.com/education/le...tract-for-you/
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  • #24,798
  • Aug 29, 2013 9:01am Aug 29, 2013 9:01am
other education about pinbars, but i usually don't use it.if i can't be sure about where the price will go, i try to look at chart with longer timeframe. it usually helps.
Attached Images
  • #24,799
  • Aug 29, 2013 9:03am Aug 29, 2013 9:03am
just a note to readers:

current bar/candle has to close if you are going to rely on pinbar
  • #24,800
  • Aug 29, 2013 9:41am Aug 29, 2013 9:41am
Thanks for the help guys,

And now the only difference I am trying to make is that after price went higher for a while an up-bar pinbar (higher close) is less of a short signal than a downbar (lower close) of the pinbar. In the latter case the sellers were more aggressive so to speak.
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