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  • #17,721
  • Oct 17, 2014 11:49pm Oct 17, 2014 11:49pm
Quoting griffinssoul
{quote} Thanks Hunterrus! Can you please explain what the two Vol indicators are that you use. What is the difference? (If you have already done this previously, my apologies, but I can't find anything about this.)
just strong movers and weak movers
Gold Annihilation System
  • #17,722
  • Oct 17, 2014 11:55pm Oct 17, 2014 11:55pm
Quoting Hunterrus
{quote} just strong movers and weak movers
How do you decide between the two? Volume (raw volume) is just one number per candle. For example, I'm trying to understand the difference (2nd chart above) between the black marked volume bars on the top from the unmarked ones on the bottom (around 17 Oct)? Further back (14 Oct) on this chart the back bars appear on both?
  • #17,723
  • Oct 18, 2014 12:46am Oct 18, 2014 12:46am
Quoting griffinssoul
{quote} How do you decide between the two? Volume (raw volume) is just one number per candle. For example, I'm trying to understand the difference (2nd chart above) between the black marked volume bars on the top from the unmarked ones on the bottom (around 17 Oct)? Further back (14 Oct) on this chart the back bars appear on both?
I mark only those which can not push the price down + they are weak (not black on both indicators)
Gold Annihilation System
  • #17,724
  • Oct 18, 2014 1:07am Oct 18, 2014 1:07am
Quoting Hunterrus
{quote} I mark only those which can not push the price down + they are weak (not black on both indicators)
I think I understand: black on only one indi (say the top) implies weak but black on the two (identical indi's by the way?) indicates strong. Is that correct? Many thanks Hunterrus.
  • #17,725
  • Oct 18, 2014 1:56am Oct 18, 2014 1:56am
Quoting griffinssoul
{quote} I think I understand: black on only one indi (say the top) implies weak but black on the two (identical indi's by the way?) indicates strong. Is that correct? Many thanks Hunterrus.
when we have 2 black volumes on both ndicators - mean a strong mover
Gold Annihilation System
  • #17,726
  • Oct 18, 2014 2:49am Oct 18, 2014 2:49am
Quoting Hunterrus
{quote} when we have 2 black volumes on both ndicators - mean a strong mover
  • #17,727
  • Oct 18, 2014 7:56am Oct 18, 2014 7:56am
My view on GOLD taken from my Trading Journal Post 23 and 24.

Monthly Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDrMonthly_Oct.png Size: 55 KB

 

  1. 1180-1182 had provided support for the 3rd time, but no highs created.
  2. We have Triple Bottom (no break-out yet).
  3. Just before 61.8 Fibo. retracement (61.8 was never touched)
  4. RSI Divergence: RSI is showing Higher Lows.
  5. BUT RSI is showing Higher Highs while price is making Lower Highs !!!
  6. October is Bullish until now, but didn't break September mid-range yet, actually started to retrace before that point.
  7. SO Direction is NOT CLEAR on the Monthly time frame until now.


Price will be consolidating between 1180 and 1345 for some time, so my plan will be Scalping this range based on lower time frames.

Weekly Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDrWeekly_Oct18.png Size: 60 KB


I've marked my comments on the chart.
Generally I prefer the UP SIDE for next week. Specially if the Nearest Down Trend Line is broken at around 1250+,
which might open the road to Test the Broken UP Trend Line at around 1300.
No guts, no glory
  • #17,728
  • Edited 8:28am Oct 18, 2014 8:14am | Edited 8:28am
Quoting abokwaik
My view on GOLD taken from my Trading Journal Post 23 and 24. Monthly Chart: {image} 1180-1182 had provided support for the 3rd time, but no highs created. ...0.
Many thanks abokwaik. That's an interesting result regarding the divergence on the RSI. How reliable is that though? And what exactly is it saying, i.e. how should we interpret the signal - timing-wise that is? Also, what does it mean for a trend-line on the RSI to be broken while the PA trend-line is not? I'm more interested in the engulfing pattern on the 1W TF that has been confirmed - a very high probability pattern over a number of years. I totally overlooked that one, thank you. You should know that your analysis is aligned strongly with that of XediAnakin's (see above).
  • #17,729
  • Oct 18, 2014 9:11am Oct 18, 2014 9:11am
Quoting griffinssoul
{quote} Many thanks abokwaik. That's an interesting result regarding the divergence on the RSI. How reliable is that though? And what exactly is it saying, i.e. how should we interpret the signal - timing-wise that is? Also, what does it mean for a trend-line on the RSI to be broken while the PA trend-line is not? I'm more interested in the engulfing pattern on the 1W TF that has been confirmed - a very high probability pattern over a number of years. I totally overlooked that one, thank you. You should know that your analysis is aligned strongly...
It means that the direction is not clear yet. No trade at the moment. Lets see how it behaves next week.

pls Notice the UP Volume on the last two weeks that produced UP Weeks, this could be a Bullish Sign, however I'am worried on the large retracemnt last week.

again Generally I prefer the UP SIDE for next week. Specially if the Nearest Down Trend Line is broken at around 1250+,
which might open the road to Test the Broken UP Trend Line at around 1300.

As for XediAnakin's post, I've just saw it now, and yes you're right it somehow does align on the monthly basis.
No guts, no glory
  • #17,730
  • Oct 18, 2014 9:14am Oct 18, 2014 9:14am
Quoting abokwaik
{quote} It means that the direction is not clear yet. ...s.
  • #17,731
  • Oct 18, 2014 3:11pm Oct 18, 2014 3:11pm
I am leaving this thread - if you need me - you know where to find me
Gold Annihilation System
  • #17,732
  • Oct 18, 2014 4:14pm Oct 18, 2014 4:14pm
IMO this is what I see in Gold
If it breaks above 4 then we heading up without looking back! Else back down to 1180.
Number don't lie Lets see what happens
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.jpg Size: 207 KB
Money never sleeps I can hear the dollar calling me
  • #17,733
  • Oct 18, 2014 8:17pm Oct 18, 2014 8:17pm
Quoting griffinssoul
{quote} ...I'm more interested in the engulfing pattern on the 1W TF that has been confirmed - a very high probability pattern over a number of years. ....
There were 8 win and 3 lose for the engulfing pattern that I counted on the 1W TF going back a number of years.

The ecstasy of Gold, "There are two types of people in this world my friend, those with loaded guns and those that dig, you dig."
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 50 KB
  • #17,734
  • Oct 18, 2014 10:14pm Oct 18, 2014 10:14pm
Quoting griffinssoul
{quote} There were 8 win and 3 lose for the engulfing pattern that I counted on the 1W TF going back a number of years. The ecstasy of Gold, "There are two types of people in this world my friend, those with loaded guns and those that dig, you dig." {image}
Hi griffin,
Where did you get that quote from?
A trade should be based on an assumption based on facts
  • #17,735
  • Oct 18, 2014 10:18pm Oct 18, 2014 10:18pm
http://www.forexfactory.com/attachme...7&d=1411697458
For what its worth, price always goes above and beyond the spike.
A trade should be based on an assumption based on facts
  • #17,736
  • Oct 18, 2014 10:50pm Oct 18, 2014 10:50pm
Quoting Mave
http://www.forexfactory.com/attachme...7&d=1411697458 For what its worth, price always goes above and beyond the spike.
You better explain what "beyond the spike" means (CT keeps a tight ship here)... ? 'Always' is always a too strong a word for this game. Quote from "The Good, the Bad and the Ugly", Clint Eastwood
  • #17,737
  • Oct 18, 2014 11:25pm Oct 18, 2014 11:25pm
Quoting griffinssoul
{quote} You better explain what "beyond the spike" means (CT keeps a tight ship here)... ? 'Always' is always a too strong a word for this game. Quote from "The Good, the Bad and the Ugly", Clint Eastwood
Hold on a second, what is your problem?
A trade should be based on an assumption based on facts
  • #17,738
  • Oct 18, 2014 11:32pm Oct 18, 2014 11:32pm
Quoting ClockTrader
{quote} OK my friend, now you should stop hijacking the thread :-) ....
CT has requested that traders give analysis to their calls and withdraw from simply referencing off thread. Just a heads up, Mave, no problem. I would still like to know what "beyond the spike" means if you care to explain. Thanks!
  • #17,739
  • Oct 18, 2014 11:42pm Oct 18, 2014 11:42pm
Quoting griffinssoul
{quote} CT has requested that traders give analysis to their calls and withdraw from simply referencing off thread. Just a heads up, Mave, no problem. I would still like to know what "beyond the spike" means if you care to explain. Thanks!
You're not doing too good of a job doing what CT has asked to. As for analysis, its in the original post itself, it is one of those things which happens when such a spike on a broker platform occurs. Its related to liquidity.
A trade should be based on an assumption based on facts
  • #17,740
  • Oct 19, 2014 1:30am Oct 19, 2014 1:30am
Quoting Mave
{quote} You're not doing too good of a job doing what CT has asked to. As for analysis, its in the original post itself, it is one of those things which happens when such a spike on a broker platform occurs. Its related to liquidity.
Hi Mave, thanks for commenting on your concept. I'm wondering how that works? Do we need to know which broker this happens with or does it happen to every broker (equally and at the same time?)? What are the implications if it doesn't happen equally across brokers? That is, is this a broker dependent method? If it is then does this mean only traders with that broker will have privileged information over those who don't? This is interesting and I would appreciate further information.Thanks!
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