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

  • #30,121
  • Edited 2:45am Dec 11, 2013 2:19am | Edited 2:45am
Quoting granty
{quote} I respectfully disagree. On the daily price is struggling to close below the high of 10 days ago. in my opinion this looks like a classic resistance becoming support move.
I agree that you may be correct. My view on the market is dynamic and I do not hold any position for long or short if the market sentiment changes dramatically. As we are nearer to support than resistance, It would be prudent to go long for the day, but it depends on whether support area is broken or not. There's loads of history on my charts to show what POTENTIALLY is and is not. whether they actually show the truth is to be debated. So far not a single person has refuted any of the information on my charts and there is nobody supporting them either. A complete lack of interest tells me that nobody is particularly keen to change their views on their system of analysis.

What is different about my system is that it shows a view between the lines. Has support been broken? (support is like a cushion in this zone)
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Has sentiment changed to bear?
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You win, you lose. All else is history. The future does not exist.
  • #30,122
  • Dec 11, 2013 2:49am Dec 11, 2013 2:49am
Quoting The Rhodie
{quote} I agree that you may be correct. My view on the market is dynamic and I do not hold any position for long or short if the market sentiment changes dramatically. As we are nearer to support than resistance, It would be prudent to go long for the day, but it depends on whether support area is broken or not. There's loads of history on my charts to show what POTENTIALLY is and is not. whether they actually show the truth is to be debated. So far not a single person has refuted any of the information on my charts and there is nobody supporting...

Hey Rhodie,
Just saying thanks for your posts. Still learning the charts and like what you're doing with yours.
I'm trying to trade gold. How low do you think it will go? I tend to be Bullish but finding a correlation with other pairs (in particular USD) is a real headache.
Anyway, keep those charts coming!
Cheers
  • #30,123
  • Dec 11, 2013 3:00am Dec 11, 2013 3:00am
despite gold, silver is staying quite firm up to now.
not sure whether bulls will be the winners today.

has anyone info on the volumes traded so far today? low volume trading or high?
  • #30,124
  • Dec 11, 2013 3:03am Dec 11, 2013 3:03am
Quoting Uglybug
{quote} Hey Rhodie, Just saying thanks for your posts... How low do you think it will go? ... Anyway, keep those charts coming! Cheers
It's not about price, but direction. I don't use TP, so no incentive to be hopeful. My view is dynamic. Figuring out the direction is the war. Price is the battle minute, by minute. How low... is anybody's guess. it's the same to ask who is going to trade and how much they might be putting into the trade to amke the market move... I don't know.
You win, you lose. All else is history. The future does not exist.
  • #30,125
  • Dec 11, 2013 3:04am Dec 11, 2013 3:04am
Quoting HWolff
despite gold, silver is staying quite firm up to now. not sure whether bulls will be the winners today. has anyone info on the volumes traded so far today? low volume trading or high?

You can get volume indicators for MT4 that show it dynamically.
You win, you lose. All else is history. The future does not exist.
  • #30,126
  • Dec 11, 2013 3:12am Dec 11, 2013 3:12am
my view for today
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just do it
  • #30,127
  • Dec 11, 2013 3:15am Dec 11, 2013 3:15am
Quoting The Rhodie
{quote} You can get volume indicators for MT4 that show it dynamically.

thanks, but these will show only the volumes of my particular forex broker, correct?
  • #30,128
  • Edited 3:30am Dec 11, 2013 3:18am | Edited 3:30am
Short on Gold tp 1191
Pecuniae obediunt omnia
  • #30,129
  • Dec 11, 2013 3:23am Dec 11, 2013 3:23am
Quoting HWolff
{quote} thanks, but these will show only the volumes of my particular forex broker, correct?

Volume in forex is tick volume, the number of times price has changed during the candle. The way to study this is by using candle stick analysis and spreads along with volume.
insideBars==boss
  • #30,130
  • Dec 11, 2013 3:25am Dec 11, 2013 3:25am
my perspective is topping for next few days . . 1247.00 +- 2 is the best level to bootom in minor .
Attached Image
  • #30,131
  • Dec 11, 2013 3:36am Dec 11, 2013 3:36am
Quoting HWolff
{quote} thanks, but these will show only the volumes of my particular forex broker, correct?

No, usually the market as filtered by your broker.
You win, you lose. All else is history. The future does not exist.
  • #30,132
  • Dec 11, 2013 3:47am Dec 11, 2013 3:47am
Quoting The Rhodie
{quote} No, usually the market as filtered by your broker.

ok perfect, thanks.
  • #30,133
  • Dec 11, 2013 3:49am Dec 11, 2013 3:49am
This retracement may or may not be over. At present I have this going back down to 1245/50. It could just keep going on a zig zag from there to a new low.
The alternative is another leg up for the retrace to 1280 or 1290.
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Money Makes Money
  • #30,134
  • Dec 11, 2013 3:49am Dec 11, 2013 3:49am
H4 180 candles

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  • #30,135
  • Edited 4:16am Dec 11, 2013 3:56am | Edited 4:16am
short from 1256.1.

Got out BE. No harm done. Should have done it when I saw it last night at US PM close. I nearly did, but I don't like to leave trades overnight...
You win, you lose. All else is history. The future does not exist.
  • #30,136
  • Dec 11, 2013 3:56am Dec 11, 2013 3:56am
Quoting KiwiOz
This retracement may or may not be over. At present I have this going back down to 1245/50. It could just keep going on a zig zag from there to a new low. The alternative is another leg up for the retrace to 1280 or 1290. {image} {image}

perfect charts thanks .
  • #30,137
  • Dec 11, 2013 4:22am Dec 11, 2013 4:22am
I can see loads of harmonic patterns in gold over the last few hours. Something is going on here. watch out for 10h33 GMT. That candle will be a marker and shortly after that there will be a positional entry for a good trade according tho the market. Something just changed, right now!
You win, you lose. All else is history. The future does not exist.
  • #30,138
  • Dec 11, 2013 4:25am Dec 11, 2013 4:25am
Quoting The Rhodie
I can see loads of harmonic patterns in gold over the last few hours. Something is going on here. watch out for 10h33 GMT. That candle will be a marker and shortly after that there will be a positional entry for a good trade according tho the market. Something kust changed, right now!
so you think we will see a sell-off or at least attack by bears?!
could also well make another try to the upside or not.
  • #30,139
  • Dec 11, 2013 4:35am Dec 11, 2013 4:35am
Quoting amasat
H4 180 candles {image}
amasat,

the theory, you showed me yesterday, is at least quite interesting...

Thank you very much indeed

PS... i have some questions, if you dont mind, i will sent u a pm
The good thing with the future is that it is progressively approaching...
  • #30,140
  • Dec 11, 2013 4:38am Dec 11, 2013 4:38am
Quoting HWolff
{quote} so you think we will see a sell-off or at least attack by bears?! could also well make another try to the upside or not.
I cannot advise you on your decisions.
You win, you lose. All else is history. The future does not exist.
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