XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1707 | Metals Mine

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

  • #34,121
  • Mar 25, 2015 1:30pm Mar 25, 2015 1:30pm
The trend is up. The bulls have been in charge for awhile.

I don't know what will happen next. No one does. If the bulls are to remain in charge, we would like to see them break out of the "battle zone" to new highs on some level 3 Buying Aggression.

If the bears are going to take charge, or if the market is going to become two-sides, we would like to see the bears break out of the "battle zone" to the down-side on some level 3 Selling Aggression.

At this point, the path of least resistance is up.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Aggression 2.png Size: 205 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,122
  • Mar 25, 2015 1:48pm Mar 25, 2015 1:48pm
Quoting HiddenGap
The trend is up.
Not on the daily.
  • #34,123
  • Mar 25, 2015 5:27pm Mar 25, 2015 5:27pm
Quoting SunTrader
{quote} Not on the daily.
Take a look at the chart below.

In Market Profile terms, when the market is finding value higher each day, it is in an up trend.
Attached Image (click to enlarge)
Click to Enlarge Name: MP 1.png Size: 178 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,124
  • Mar 25, 2015 5:50pm Mar 25, 2015 5:50pm
Quoting HiddenGap
{quote} Take a look at the chart below. In Market Profile terms, when the market is finding value higher each day, it is in an up trend. {image}
Call me stupid but when I look at a DAILY chart I don't only consider the last 8 trading days.
  • #34,125
  • Mar 26, 2015 4:46am Mar 26, 2015 4:46am
Quoting alayinizAMK
think 5 of (3) is going to be huge here {image}
5 of (3) is on. Could go as far 1231 before some real correction imo.

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  • #34,126
  • Mar 26, 2015 6:28am Mar 26, 2015 6:28am
NY Rotation back to pivot from weekly highs 1222 ?
eyes on silvers 17.45-47 area
  • #34,127
  • Mar 26, 2015 9:22am Mar 26, 2015 9:22am
Eye on the trend
Silvers rotation back to a major trend pivot (17.45-48 area) with push south noted,
eye on $17.11 (weekly high breakout is now being retested)
$1222 noted also
  • #34,128
  • Mar 26, 2015 10:47am Mar 26, 2015 10:47am
Quoting SunTrader
{quote} Call me stupid but when I look at a DAILY chart I don't only consider the last 8 trading days.

I don't have to look back at the last 3 months of data to make a trading decision that may only last for 3 hours. You're thinking much more long term than me.

Two people looking at the same information and coming to opposite conclusions. That's what makes a market.

Trade well, my friend. And keep the analysis coming. I'm always trying learn new things.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,129
  • Mar 26, 2015 11:08am Mar 26, 2015 11:08am
Quoting HiddenGap
{quote} I don't have to look back at the last 3 months of data to make a trading decision that may only last for 3 hours. You're thinking much more long term than me. Two people looking at the same information and coming to opposite conclusions. That's what makes a market. Trade well, my friend. And keep the analysis coming. I'm always trying learn new things.
True of different opinion
however, if you looked at the last 3 months along with the previous 2014 year you new to short the 17.45 area today as it is a major resistance for 2015.
i call it know where your at each day in the cycles within cycles from 5 min to 3 years.
  • #34,130
  • Mar 26, 2015 11:18am Mar 26, 2015 11:18am
The market did break out of that "battle zone" to the upside. It did so on some Level 2 Buying Aggression. A few intervals later, we did see some Level 3 Buying Aggression as the market made a new high.

Level 3 Buying Aggression seen at a new high can be the start of a big move up. It can also be the sign of capitulation. What we would expect is for the low of the Level 3 bar to hold. After all, this where the bulls came into the market. So we would expect them to "protect their territory". We would also expect to see upside follow through. In this instance, we have not gotten any follow through and the low of the bar did not hold. It's being rejected. Therefore, we may be looking at capitulation.

As is the function of the market, it appears to have moved prices high enough to find sellers.

Again, we are still finding value higher, but we may now start to see a two-sided (balanced market).

Still, at this moment, the path of least resistance is Up.
Attached Image (click to enlarge)
Click to Enlarge Name: Aggression 7.png Size: 178 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,131
  • Mar 26, 2015 12:05pm Mar 26, 2015 12:05pm
Quoting HiddenGap
{quote} I don't have to look back at the last 3 months of data to make a trading decision that may only last for 3 hours. You're thinking much more long term than me. Two people looking at the same information and coming to opposite conclusions. That's what makes a market. Trade well, my friend. And keep the analysis coming. I'm always trying learn new things.
That's why I made a point of specifying Daily.

Good trading.
  • #34,132
  • Mar 26, 2015 4:54pm Mar 26, 2015 4:54pm
If this support from MA works then i think one more huge wave could happen. Break 1195 then im not sure.

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  • #34,133
  • Mar 26, 2015 7:44pm Mar 26, 2015 7:44pm
Quoting alayinizAMK
If this support from MA works ...
Curious why you would believe that?
  • #34,134
  • Mar 26, 2015 10:47pm Mar 26, 2015 10:47pm
Thur Daily highs 17.28 achieved , also a move to yearly pivot area 17.45 and push south noted.
No breakout on daily or weekly held as we closed at $17.10 area.
fri daily
17.49
16.84
16.19
bias is down from major trend guide area 17.45-49 and the daily highs.
and up from daily pivot 16.84 on the daily.
fri daily
1222
1197
1173
Bias is down from weekly high and daily 1222.
eyes on 1197 response as bias is up from there
  • #34,135
  • Mar 26, 2015 10:57pm Mar 26, 2015 10:57pm
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  • #34,136
  • Mar 26, 2015 11:14pm Mar 26, 2015 11:14pm
im with ya on the dailys and weekly the trend is up.
how bout a pic that takes in the stronger trends over a period of months and that also takes in several quarters .
  • #34,137
  • Mar 27, 2015 2:09am Mar 27, 2015 2:09am
Quoting SunTrader
{quote} Curious why you would believe that?
I go with MA here don't know anything specialI was expecting gold to drop hard but changed mind after fed now im bull on short to mid term but bear on long.
  • #34,138
  • Mar 27, 2015 3:35am Mar 27, 2015 3:35am
my best shot, trash if it hits 1192
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  • #34,139
  • Mar 27, 2015 1:35pm Mar 27, 2015 1:35pm
Silver is on a down-leg.Should come in around 16.40
  • #34,140
  • Mar 27, 2015 2:48pm Mar 27, 2015 2:48pm
i think goold 1s getting ready for next week in 1150....maybe
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