XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1427 | Metals Mine

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

  • #28,521
  • Nov 20, 2013 5:19am Nov 20, 2013 5:19am
Quoting crisis
i'm trading between 1270-1275.. if it hits one more time to 1270 and back to 1275 it will be jackpot for me..but it can crash to 1250 directly it is very risky..

i have it completing a stunted C wave to the 1275 area - so one more small wave upward. I don't think this PA can manage anything above that. However, it depends on market's reaction to the data later, but you've seen how it's been - Gold's PA is in terminal decline IMO
cryptocurrency everytime
  • #28,522
  • Nov 20, 2013 5:27am Nov 20, 2013 5:27am
Silver had a bullish gartley pattern form and worked a bit, but now it's looking ready to fall over. Gold had a similar pattern with much interference from a correlation with Eur:Jpy behaviour. There's little relationship between gold and USD for now except in terms of volume velocity which, has slowed down considerably on both.

Euro has taken traders away from gold because it is at the 4 year high and looking slightly bearish. As it's in new territory anything could happen there and is a hedge against gold.

When gold breaks 1269, we couild see it drop as far as 1250
You win, you lose. All else is history. The future does not exist.
  • #28,523
  • Nov 20, 2013 5:28am Nov 20, 2013 5:28am
There it goes, 1258. And that's the beginning.
You win, you lose. All else is history. The future does not exist.
  • #28,524
  • Nov 20, 2013 5:28am Nov 20, 2013 5:28am
WHAT THE FUCK!
A trade should be based on an assumption based on facts
  • #28,525
  • Nov 20, 2013 5:29am Nov 20, 2013 5:29am
Quoting crisis
i'm trading between 1270-1275.. if it hits one more time to 1270 and back to 1275 it will be jackpot for me..but it can crash to 1250 directly it is very risky..

Thundering Typhoons! hope your SL was in place!
cryptocurrency everytime
  • #28,526
  • Nov 20, 2013 5:31am Nov 20, 2013 5:31am
how's the way PA keeps reaching up desperately... i mean surely not. Who would buy after that?
cryptocurrency everytime
  • #28,527
  • Nov 20, 2013 5:32am Nov 20, 2013 5:32am
simple maths question
1430-1251 = ?
1360-1180 = ?
A trade should be based on an assumption based on facts
  • #28,528
  • Nov 20, 2013 5:37am Nov 20, 2013 5:37am
Quoting venzen
{quote} Thundering Typhoons! hope your SL was in place!
yes
  • #28,529
  • Nov 20, 2013 5:37am Nov 20, 2013 5:37am
Quoting Mave
WHAT THE FUCK!
If you read my earlier daily analysis you would have known that this was expected as an 80% or better chance of happening. BTW, nice turn of phrase. It should now continue gently downhill for a while.
You win, you lose. All else is history. The future does not exist.
  • #28,530
  • Nov 20, 2013 5:41am Nov 20, 2013 5:41am
Quoting The Rhodie
{quote} If you read my earlier daily analysis you would have known that this was expected as an 80% or better chance of happening. BTW, nice turn of phrase. It should now continue gently downhill for a while.
Ít mean that SELL, AND SELL MORE???
  • #28,531
  • Nov 20, 2013 5:41am Nov 20, 2013 5:41am
Quoting The Rhodie
{quote} If you read my earlier daily analysis you would have known that this was expected as an 80% or better chance of happening. BTW, nice turn of phrase. It should now continue gently downhill for a while.
If you read my analysis from some previous date when price was at 1350/60 then you would get the point and make money predicting future.
A trade should be based on an assumption based on facts
  • #28,532
  • Nov 20, 2013 5:45am Nov 20, 2013 5:45am
Quoting venzen
{quote} Agreed, sooner or later it's going to plummet - the year low is only $90 below and could easily be taken out. What puzzles me is the stunted action to the downside. You know the saying "Bulls climb up the stairs, but bears come crashing out the window", well this bear seems to be using the staircase down and the bulls zip up every now and again in the elevator. It's as if the downside is correcive, so hence I expect a decisive move up to print the end of the correction and unleash the Bear to finish its work. Sooner the better really, because...
So anyone who says Quantum Theory does not apply to trading may now question why this system is so good. The mathematics behind it is sound and every law of nature is based on it. What is amazing is theat there certainly seems to be a set course for events, but who affects is open-ended. Maybe this is why bad things happen to random people, but the bad things were always going to happen. many thousands of years people have always said: opportunity knocks on the door but doesn't care who opens it.
You win, you lose. All else is history. The future does not exist.
  • #28,533
  • Nov 20, 2013 5:47am Nov 20, 2013 5:47am
nah, mates... I don't believe what i'm seeing - PA is trying to retrace that drop... fancy going long Gold anyone? ... this is ting-tong!
cryptocurrency everytime
  • #28,534
  • Nov 20, 2013 5:49am Nov 20, 2013 5:49am
Quoting Mave
{quote} If you read my analysis from some previous date when price was at 1350/60 then you would get the point and make money predicting future.
Nobody knows the future, but there is a great amount of history to look back on and consider that histor y repeats itself. These fracture patterns are repetitive to the point that is almost a given that the market will movearound certain points in time. My system said it could be between 10:12 and 11:47 gmt with increasing probability as time progressed.

The next leg down could be to 1250 and lower. Barack had better watch out. The markets are deciding the fate of USD in front of our eyes today.
You win, you lose. All else is history. The future does not exist.
  • #28,535
  • Nov 20, 2013 5:53am Nov 20, 2013 5:53am
Quoting The Rhodie
{quote} If you read my earlier daily analysis you would have known that this was expected as an 80% or better chance of happening. BTW, nice turn of phrase. It should now continue gently downhill for a while.
Well done The Rhodie.. You're damn good mate!
  • #28,536
  • Nov 20, 2013 5:55am Nov 20, 2013 5:55am
Quoting venzen
nah, mates... I don't believe what i'm seeing - PA is trying to retrace that drop... fancy going long Gold anyone? ... this is ting-tong!
Yes, buy and have the stop lose under the low the 5 minutes printed ... this isn't the first time price plunges like that or the way to break a support!
"It's the Margin, Stupid."
  • #28,537
  • Nov 20, 2013 5:56am Nov 20, 2013 5:56am
Quoting The Rhodie
{quote} Nobody knowd the future, but there is a great amopunt of history to look back on and consider that history repeats itself. These fracture patterns are repetitive to the point that is almost a given that the market will movearound certain points in time. My system said it could be between 10:12 and 11:47 gmt with increasing probability as time progressed.

that's great but the quandary is that saying so after-the-fact doesn't help anyone... you see what i mean?

i believe your system does what you say, but it's one thing saying so when the PA is manifest and another to put your c*ck on a block and actually sharing the signals that make the forecast.
cryptocurrency everytime
  • #28,538
  • Nov 20, 2013 5:56am Nov 20, 2013 5:56am
Any idea why she is falling this heavily ?
Patience is magic
  • #28,539
  • Nov 20, 2013 5:57am Nov 20, 2013 5:57am
Quoting The Rhodie
{quote} Nobody knowd the future, but there is a great amopunt of history to look back on and consider that history repeats itself. These fracture patterns are repetitive to the point that is almost a given that the market will movearound certain points in time. My system said it could be between 10:12 and 11:47 gmt with increasing probability as time progressed.

Prediction not knowing. Possibilities followed by probabilites.
A trade should be based on an assumption based on facts
  • #28,540
  • Nov 20, 2013 5:57am Nov 20, 2013 5:57am
Im holding the long Venzen, news in 90 min may help my cause, but rhodie was right
double bottom is on the cards, im in a pickle as my one strategy says after this mofo of a 4hr bar closes below 1269 i have to short till about 1252
i dont think i have the margin if it then decides to go long for 100+
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