XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #31,681
- Jan 15, 2014 9:07am Jan 15, 2014 9:07am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
- #31,687
- Jan 15, 2014 2:00pm Jan 15, 2014 2:00pm
{quote} update: just closed with testy profit. he thing is i dont think it will go down below 1234. in my opinion we will see a very sharply move to the 1263 then to 1282. comments are welcome 
[/quote]
Hay .. happy trading
I still don't think that it will cross the 1234 line.
In my EW charts that I post it earlier you can see the reason.
Could any elliott trader just comment on this.
Thanks...
[/quote]Hay .. happy trading
I still don't think that it will cross the 1234 line.
In my EW charts that I post it earlier you can see the reason.
Could any elliott trader just comment on this.
Thanks...
- #31,688
- Jan 15, 2014 4:19pm Jan 15, 2014 4:19pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #31,689
- Jan 15, 2014 4:25pm Jan 15, 2014 4:25pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #31,690
- Jan 15, 2014 4:28pm Jan 15, 2014 4:28pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #31,691
- Jan 15, 2014 4:40pm Jan 15, 2014 4:40pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Don't know what charts you are referring to - the ones I "make" or "take/borrow" from kitco?
It doesn't really matter to be honest. I have the weekly memorized after 7 years of looking at the yearly and the 10 and monthlys.
So..???
What are you asking me??? I don't get it.
Yes, charts do help to predict, place stops and used for forecasting future prices, but what does that really MEAN???
NOTHING, just an educated guess.......
This is why I BLEND strongly first NEWS = NFP/ UNPLYMT/ USDX/ MAJOR FX PAIRS / GLOBAL ECONOMIC - health or disaster- INTO my trading,
as well as reading about mines, closures, shutdowns, I also study and collect rare gold and silver coins....
Where should I stop?
Techs are there when there is NO NEWS.
News should ALWAYS be traded by educated trader's due to the FACT that in ONE release you can make your week.
Fundamentals - ARE PARAMOUNT> yes they change and dissolve even sometimes, yet this is when we go back to techs.
YOU or ONE can look at GOLD as a one-sided market, yet it is all the LATTER. EVERY MAJOR GOVERNMENT OWNS GOLD.
It doesn't really matter to be honest. I have the weekly memorized after 7 years of looking at the yearly and the 10 and monthlys.
So..???
What are you asking me??? I don't get it.
Yes, charts do help to predict, place stops and used for forecasting future prices, but what does that really MEAN???
NOTHING, just an educated guess.......
This is why I BLEND strongly first NEWS = NFP/ UNPLYMT/ USDX/ MAJOR FX PAIRS / GLOBAL ECONOMIC - health or disaster- INTO my trading,
as well as reading about mines, closures, shutdowns, I also study and collect rare gold and silver coins....
Where should I stop?
Techs are there when there is NO NEWS.
News should ALWAYS be traded by educated trader's due to the FACT that in ONE release you can make your week.
Fundamentals - ARE PARAMOUNT> yes they change and dissolve even sometimes, yet this is when we go back to techs.
YOU or ONE can look at GOLD as a one-sided market, yet it is all the LATTER. EVERY MAJOR GOVERNMENT OWNS GOLD.
{quote} I was wondering, do those charts you are using help you? I have foreseen this break by applying only tech analysis, what kind of analysis you can do with your charts? edit: nice fakout - two days upside movement cleared in 10 mins!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #31,693
- Jan 15, 2014 7:34pm Jan 15, 2014 7:34pm
- Joined Mar 2008 | Status: aka "Johny 1 Lot" | 1,267 Posts
Don't know what charts you are referring to - the ones I "make" or "take/borrow" from kitco? It doesn't really matter to be honest. I have the weekly memorized after 7 years of looking at the yearly and the 10 and monthlys. So..??? What are you asking me??? I don't get it. Yes, charts do help to predict, place stops and used for forecasting future prices, but what does that really MEAN??? NOTHING, just an educated guess....... This is why I BLEND strongly first NEWS = NFP/ UNPLYMT/ USDX/ MAJOR FX PAIRS / GLOBAL ECONOMIC - health or disaster- INTO...
nah, dont get me wrong - I just dont see how you can apply tech analysis on those line charts,... well, good it works for you
- #31,696
- Jan 15, 2014 9:08pm Jan 15, 2014 9:08pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #31,698
- Jan 15, 2014 9:27pm Jan 15, 2014 9:27pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
LOL - How?
It's simple,
Since I have been staring at these charts for the past 7+ years I don't need to always add fancy little lines and a crap load of distracting and useless, lagging indicators.
I look at the price ACTION and the news for the day with an overview of fundamentals as my paramount.
Being that I have been trading / investing in gold / silver since they were SUB 715 and sub 8 USD - never missed a day since then of chart "watching"
My supports, resistances, key pivots, etc are all memorized. If you like, look through some of the +10,000 pages here and you can see some more of my in depth TA.
Like I had stated the other day to someone else I use simple and the BEST TA IMO.
S/R, TLs, MAs, Fibos, Channels/forks, and sometimes fractals, or RSI / STOCHS ONLY if I need to reinforce a trade decision.
I just posted some charts the other week - go a bunch of pages back. Marking every 10 / 5 USD unit or having 5 useless indicators and pretty pictures drawn on my
charts is what I did when I first started trading FX, then slowly but surely went NAKED and added ONLY back at a time what I saw fit.
Hey, it works for me and I've been here since 09 for FX and prior for Gold/Silver so???
Do as you like but remember - K.I.S.S. KEEP it SIMPLE STUPID - not to you just in general.
Do you think that PRO traders or even PROP traders overload their charts with USELESS EA's and dumb indicators????
NO - They read news and make decisions and use techs to justify the areas.
Thanks for your "constructive criticism" and if you want to see a more technical CHART just ASK.
OR look BACK IN THE THREAD as all the others do.
I don't need help in my trading style. Finally I have found MY OWN holy grail - will it work for you? IDK.
The VAST MAJORITY OF PEOPLE HERE DON'T even KNOW WHAT A PRICE LADDER IS........
Let alone how to trade Futures NOT CFDs.
Lastly, It is not always CONVENIENT for me to post my personal charts, NOR, should I have to daily, I think I give more than enough for free
all the time than many others do. You don't think so, well, sorry buddy, but not my problem.
I'll be here in 2015 doing the same thing. 6 years later.
Good luck.
XT-
It's simple,
Since I have been staring at these charts for the past 7+ years I don't need to always add fancy little lines and a crap load of distracting and useless, lagging indicators.
I look at the price ACTION and the news for the day with an overview of fundamentals as my paramount.
Being that I have been trading / investing in gold / silver since they were SUB 715 and sub 8 USD - never missed a day since then of chart "watching"
My supports, resistances, key pivots, etc are all memorized. If you like, look through some of the +10,000 pages here and you can see some more of my in depth TA.
Like I had stated the other day to someone else I use simple and the BEST TA IMO.
S/R, TLs, MAs, Fibos, Channels/forks, and sometimes fractals, or RSI / STOCHS ONLY if I need to reinforce a trade decision.
I just posted some charts the other week - go a bunch of pages back. Marking every 10 / 5 USD unit or having 5 useless indicators and pretty pictures drawn on my
charts is what I did when I first started trading FX, then slowly but surely went NAKED and added ONLY back at a time what I saw fit.
Hey, it works for me and I've been here since 09 for FX and prior for Gold/Silver so???
Do as you like but remember - K.I.S.S. KEEP it SIMPLE STUPID - not to you just in general.
Do you think that PRO traders or even PROP traders overload their charts with USELESS EA's and dumb indicators????
NO - They read news and make decisions and use techs to justify the areas.
Thanks for your "constructive criticism" and if you want to see a more technical CHART just ASK.
OR look BACK IN THE THREAD as all the others do.
I don't need help in my trading style. Finally I have found MY OWN holy grail - will it work for you? IDK.
The VAST MAJORITY OF PEOPLE HERE DON'T even KNOW WHAT A PRICE LADDER IS........
Let alone how to trade Futures NOT CFDs.
Lastly, It is not always CONVENIENT for me to post my personal charts, NOR, should I have to daily, I think I give more than enough for free
all the time than many others do. You don't think so, well, sorry buddy, but not my problem.
I'll be here in 2015 doing the same thing. 6 years later.
Good luck.
XT-
{quote} hey hey, nah, dont get me wrong - I just dont see how you can apply tech analysis on those line charts,... well, good it works for you
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #31,699
- Jan 15, 2014 9:35pm Jan 15, 2014 9:35pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #31,700
- Jan 15, 2014 9:44pm Jan 15, 2014 9:44pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News