XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1310 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD, Silver/USD

Similar Threads

Gold futures & XAU 78 replies

GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies

Daytrade - XAU/USD & XAG/USD 14 replies

XAU/JPY & XAG/JPY 13 replies

Successful XAU/USD traders 7 replies

Attachments: XAU/USD & XAG/USD - Gold & Silver Traders Thread
Exit Attachments

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

  • #26,181
  • Oct 6, 2013 5:13am Oct 6, 2013 5:13am
Quoting takytto
Gold and bull. but may re-test at least 1274.20. {image} {quote} {image}

takytto, i think what your fellow forum members here are trying to tell you is that if you call a price target then you must submit accompanying analysis. A chart is good, but even saying "there is long term support from August and September at 1274.20" is sufficient.

Just calling numbers is amateur and annoying to everyone who reads this thread for analysis. We are traders - our job is analysis - here on a public forum we expect one another to give reasons for opinions. I happen to agree with some of the calls you make, but would like to understand your reasons/analysis. Without reasons your posts are worthless to me.
cryptocurrency everytime
  • #26,182
  • Edited 6:32am Oct 6, 2013 5:56am | Edited 6:32am
Quoting takytto
Gold and bull. but may re-test at least 1274.20. {image} {quote} {image}
ok .

i still don't understand what u are saying but in blind faith i am jumping in !

will buy at around 1275 and ride up to 1846 if that is what u mean.

Word of Caution/Warning : Fellow members, please don't follow me , nor am i encouraging/inviting/inducing anyone to follow me and in case if u are wondering: I have no connection whatsoever with takytto. Caveat Emptor.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: takytto.png Size: 14 KB
Click to Enlarge Name: gold0610.png Size: 24 KB
  • #26,183
  • Oct 6, 2013 7:19am Oct 6, 2013 7:19am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_5.png Size: 76 KB
  • #26,184
  • Oct 6, 2013 7:23am Oct 6, 2013 7:23am
Quoting venzen
{quote} takytto, i think what your fellow forum members here are trying to tell you is that if you call a price target then you must submit accompanying analysis. A chart is good, but even saying "there is long term support from August and September at 1274.20" is sufficient. Just calling numbers is amateur and annoying to everyone who reads this thread for analysis. We are traders - our job is analysis - here on a public forum we expect one another to give reasons for opinions. I happen to agree with some of the calls you make, but would like...
  • #26,185
  • Oct 6, 2013 7:58am Oct 6, 2013 7:58am
Quoting takytto
{image}

takytto,

I like the chart and your projection.

Here is my last H1 chart from 4 Oct which I consider still valid. This week I think will see progress of wave D to a target of 1335, 1355 or 1375. Then down in wave E to 127x. After 127x has been achieved should be blast-off to higher highs.

Of course, we could see Gold continue downward if a market-wide sell-off begins. I try to never assume that price will do what I expect. My strategy for this irrational manipulated market is to enter on certainty, take quick profits and then sit back and watch for the next high probability opportunity. I wouldn't think about opening longterm positions until a clear direction is evident.

http://ubuntuone.com/0mNvbSUlzBWiz4AKhY2dIb
cryptocurrency everytime
  • #26,186
  • Edited 8:29am Oct 6, 2013 8:16am | Edited 8:29am
from UK.

not necessarily English , right ? or just pretending not to know English language ?

whatever ... !

-------------------------------------------------------------

my personal question is : will it do a double bottom at around 1180 before moving to ur target of 1846 ?

if no , why not ?

from ur chart why do u think it will do a classic EW 1, 2, 3 , 4 ,5 ? what is the story behind such a move ?
Attached Image
  • #26,187
  • Oct 6, 2013 9:29am Oct 6, 2013 9:29am
Quoting TheArcher
from UK. not necessarily English , right ? or just pretending not to know English language ? whatever ... ! ------------------------------------------------------------- my personal question is : will it do a double bottom at around 1180 before moving to ur target of 1846 ? if no , why not ? from ur chart why do u think it will do a classic EW 1, 2, 3 , 4 ,5 ? what is the story behind such a move ? {image}

hi Archer,

Not sure you're talking to me, but we're the only people posting, so here's my view:

My chart does not take into consideration whether Gold is heading to 1800 or 800 in the longer term. I think it may start heading up in a spectacular wave 5 as the wheels start coming off the global economy. But for now we don't know - there is no confirmation of that yet. What can be known is what is shown on my short term chart. There are key levels around 1275, 1298, 1306, 1320, 1335, 1355 and 1375 in the immediate vicinity and it is in the nature of any instrument to visit key levels. EW helps us anticipate what the next likely level is.

If price moves up (my prefered count option) then 1355 seems to be the most likely target because the next leg "D" of the triangle ABCDEmust print, efforts to the downside are being rejected and the current PA knot between 1300-1320 requires a breakout. 1335 does not afford enough distance for the last leg of zigzag "D" so I will be expecting 1355 although this is not guaranteed - higher (1375) or lower (1335) may also print.

If my count is mistaken somewhere and price moves down (the alternative) then 1275 is a definite PA attractor. In this case much lower PA will be on the cards but 1275 will be the first major reaction level - PA has afterall already probed it just recently. The manner in which PA approaches 1275 will allow me to update my count and I will post it here.

Talking about 1800, 2000 and 2500 at this stage is almost pointless. We can draw arrows to it but we know PA does not go that kind of distance in a straight line. Significant levels need to be negotiated, rejected, revisted, etc: 1375, 1400, 1527, 1618, etc... We will no doubt see those levels in the coming year but the when and how will be revealed in installments. Our job is to figure out the roadmap and find the trades in there - one day (or max a week) at a time.
cryptocurrency everytime
  • #26,188
  • Oct 6, 2013 9:39am Oct 6, 2013 9:39am
Apologies,

I just noticed an error in my count. Please disregard my chart posted today - my previous targets stand but the count as shown is mislabelled and therefore invalid.
cryptocurrency everytime
  • #26,189
  • Oct 6, 2013 10:01am Oct 6, 2013 10:01am
Inserted Video


When you understand a bit of what is in the Bible you will make lots of money ...........
  • #26,190
  • Oct 6, 2013 10:15am Oct 6, 2013 10:15am
Quoting venzen
{quote} hi Archer, Not sure you're talking to me, but we're the only people posting, so here's my view: My chart does not take into consideration whether Gold is heading to 1800 or 800 in the longer term. I think it may start heading up in a spectacular wave 5 as the wheels start coming off the global economy. But for now we don't know - there is no confirmation of that yet. What can be known is what is shown on my short term chart. There are key levels around 1275, 1298, 1306, 1320, 1335, 1355 and 1375 in the immediate vicinity and it is in the...
I I've been saying and that the price was already at 1282. why the gurus are already bulls. target and 1843. $ per ounce.
but you can still go to 1274.60.?
You can get the graphics you want but the price goes up.
I know you have 10V. but for me this is not the valid values are valid my.
attention. to October 22
  • #26,191
  • Oct 6, 2013 10:43am Oct 6, 2013 10:43am
Quoting takytto
{quote} I I've been saying and that the price was already at 1282. why the gurus are already bulls. target and 1843. $ per ounce. but you can still go to 1274.60.? You can get the graphics you want but the price goes up. I know you have 10V. but for me this is not the valid values are valid my. attention. to October 22

takytto, i am the same person as before i had 10v, so we are speaking as equals.

Why i think 1274 will be revisited is because PA is zigzagging between the main TLs on the chart. For example, look what happened in mid-September when PA started testing 1300 then shot away from it only to return to 1300 in the past week.

When you say 1843, I see that as a valid target but surely it won't be achieved in a straight line? There are the retraces you show on your chart and I also think the previous support shelf at 1527 is going to be a major resistance area, initially rejecting price back into the 1400 area. Those are all trade opportunities we should take advantage of.

You posted "Neverending Story" before and mention the Bible. That's fine with me, but let's use this thread to share Gold analysis, ok?
It's not about calling a price and then waiting to be proved right. That's a very all-or-nothing approach. The way the market meanders it will reach all price points between 1275 and 2775 in the next few years. The idea of the thread is to share analysis and collaboratively determine what PA is going to do in the next few hours and days with longer term targets (weeks and months away) as guides. But its not all about being right about next month's target - it's about finding a profitable trade today. Sometimes there is not even a safe trade for a day or two right?
cryptocurrency everytime
  • #26,192
  • Oct 6, 2013 11:13am Oct 6, 2013 11:13am
Quoting venzen
{quote} takytto, i am the same person as before i had 10v, so we are speaking as equals. Why i think 1274 will be revisited is because PA is zigzagging between the main TLs on the chart. For example, look what happened in mid-September when PA started testing 1300 then shot away from it only to return to 1300 in the past week. When you say 1843, I see that as a valid target but surely it won't be achieved in a straight line? There are the retraces you show on your chart and I also think the previous support shelf at 1527 is going to be a major resistance...
I agree with you.
  • #26,193
  • Oct 6, 2013 12:47pm Oct 6, 2013 12:47pm
Quoting venzen
..... You posted "Neverending Story" before and mention the Bible. That's fine with me, but let's use this thread to share Gold analysis, ok? It's not about calling a price and then waiting to be proved right......
Agree with that but suggest you don't encourage someone who talks in riddles. Riddles that have no meaning.

They have been asked numerous times to be clear AND provide a basis for their calls. Someone who ignores this, for me, goes on ignore. I just wish others would do the same so the thread can remain on topic and uncluttered.
  • #26,194
  • Oct 6, 2013 12:52pm Oct 6, 2013 12:52pm
Quoting takytto
http://youtu.be/Gf1WT8VEZxk When you understand a bit of what is in the Bible you will make lots of money ...........

PLEASE REFRAIN FROM POSTING COMPLETELY UNRELATED, OFF TOPIC, Subjective ONLY to your OPINION,

VIDEOS in this thread... Yes it is the weekend but that doesn't matter. Here is your warning.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #26,195
  • Oct 6, 2013 12:59pm Oct 6, 2013 12:59pm
There IS ABSOLUTELY No Place for any religious DISCUSSION of ANY SORT in this thread by any means.

This is for GOOD reason.

Another warning.

If there is no acknowledgement FROM YOURSELF in writing, the matter will be out of my hands.

Quoting takytto
When you understand a bit of what is in the Bible you will make lots of money ...........
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #26,196
  • Oct 6, 2013 1:57pm Oct 6, 2013 1:57pm
Quoting TheArcher
my personal question is : will it do a double bottom at around 1180 before moving to ur target of 1846 ? if no , why not ? from ur chart why do u think it will do a classic EW 1, 2, 3 , 4 ,5 ? what is the story behind such a move ? {image}
the above question was addressed to takytto in relation to the chart he posted .
Attached Image (click to enlarge)
Click to Enlarge Name: takytto02.png Size: 168 KB
  • #26,197
  • Oct 6, 2013 2:31pm Oct 6, 2013 2:31pm
raise from 1180 to 1430 area at gold, fib retracement 61.8 is at 1270-1280 (at Daily chart) area which we can call a double bot for now, if we go technically we must go way up unless we break 1270.
Attached Image (click to enlarge)
Click to Enlarge Name: gold-d1.png Size: 21 KB
  • #26,198
  • Oct 6, 2013 3:52pm Oct 6, 2013 3:52pm
To me it feels bearish. It could retrace to 78.6 to finish second leg down. It may continue down ... or trade in the range for some time.

Attached Image (click to enlarge)
Click to Enlarge Name: xauusddaily.png Size: 84 KB
  • #26,199
  • Oct 6, 2013 4:54pm Oct 6, 2013 4:54pm
DAMN! I just lost a full page of H1/H4 chart analysis related to both of your posts! (last two) Just for mistakenly switching some settings thinking I had saved and had not!!!!

SAVE your work buddies!! - Guess I'll be redoing it tonight and likely changing some lines anyway to achieve maximum simplicity! I had just ripped off all the indicators anyway!

I will try to do a completely separate Bollinger Band chart.

The one I lost was interim or "minimal" daily S/Rs on the H4 and some from the H1.

Also we are nearing the end of the possibility of the inverse Head and shoulders on the daily being valid.
Too much more sideways motion or a new steep dip will likely render the pattern useless, invalid and un-tradable, in regular fashion.

Not sure I will get all this up tonight, but, would like to re-complete at least the H4 chart with a wide range basically from just sub 1500 (say 1480/90) to the low (1180) but using 1200 due to 1180 only being a reaction low and as seen on any chart the support price was actually appx 1200 the psych level.
(the candle bodies stop / start at 12xx as well the line chart doesn't go sub 12xx as I recall)
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #26,200
  • Oct 6, 2013 6:24pm Oct 6, 2013 6:24pm
Quoting XTrade
There IS ABSOLUTELY No Place for any religious DISCUSSION of ANY SORT in this thread by any means. This is for GOOD reason. Another warning. If there is no acknowledgement FROM YOURSELF in writing, the matter will be out of my hands. {quote}
Sorry bro, not sure he is going to get it. I think he is the first to ignore me, seems like I am in good company.

Ignored (9)
SunTrader
Mr. Scott
rythmrig
http://assets.forexfactory.net/nfs/c...ar98543_44.gif attila
http://assets.forexfactory.net/nfs/c...ar240876_2.gif RawD
http://assets.forexfactory.net/nfs/c...ar104357_4.gif USD-Bear
http://assets.forexfactory.net/nfs/c...ar233523_5.gif cg uno
http://assets.forexfactory.net/nfs/c...r283784_12.gif math_GB
http://assets.forexfactory.net/nfs/c...r113184_36.gif XTrade
The world you desire can be won. It exists.. it is real.. it is possible..
94 traders viewing now