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

  • #40,241
  • Mar 6, 2017 4:35am Mar 6, 2017 4:35am
Quoting Uturn2
{quote} Hi gb, sorry I didn't see your post. Out of touch with GOLD at the moment. Been busy chasing UJ and DOW. Cheers, U2
I guess many of us here would appreciate an update. (I do not mean to exert social coercion...)

In any case, thanks!
  • #40,242
  • Edited 5:24am Mar 6, 2017 5:11am | Edited 5:24am
Quoting Exobar
{quote} I guess many of us here would appreciate an update. (I do not mean to exert social coercion...) In any case, thanks!
Almost all traders are cautious of this choppy market. Not wanting to be caught or trapped in any positions. The market is choppy and not great atm.

No trade is good trade atm.
  • #40,243
  • Mar 6, 2017 5:40am Mar 6, 2017 5:40am
That is what i was waiting for ...11.30/Gmt/ / break of support 12.31 _ at least on my chart and the broker i use
might be different values on someone else's platform _
Gold slipping down_ I am so surprised that the uptrend lasted only for a short while.. see how it goes
The arriving better than the arrival, the journey has just started
  • #40,244
  • Mar 6, 2017 5:49am Mar 6, 2017 5:49am
XAUUSD DLY Chart:
Wave [a] Blue complete.
Wave [b] Blue Correction underway.
[1176.7 is the 61.8% retracement of Wave [a] Blue]
Being a Wave b, it can retrace 100% of Wave a and remain valid = Double Bottom.
Wave a [down] complete?
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 170306 DLY [1].png Size: 40 KB
Wait, or you will be slaughtered!
  • #40,245
  • Mar 6, 2017 5:55am Mar 6, 2017 5:55am
Quoting ajacid
{quote} Hi Uturn2 Can you kindly explain this chart (in post 40065) ; 1/why you put the fibs where you did, 2/why did you start the first a,b,c where you have, and put them where you have 3/why you put i ii iii iv and v where you have them ( and what they mean) 4/the 2nd lot of a b and the [a] [b] in relation to the fibs And any other things and ideas contributed to this projection Cheers
Hi ajacid,
You will find the theory for harmonic Elliott Wave here:
http://www.harmonic-ewave.com/

There are videos that you can watch that will explain your questions.
Cheers, U2
Wait, or you will be slaughtered!
  • #40,246
  • Mar 6, 2017 6:20am Mar 6, 2017 6:20am
Quoting Visionary
{quote} I got my first order fill for the week at 1236.xx risk against 1246.xx for now. London and Asia will play 1239.xx and 1229.xx for the fix so look for next order at London and US Fix. See you guys in the morning and all the best to everyone for a good week.
Good day everyone, tracking the Bears on the Short Term still in control while the Bulls have left money on the table Mid Term morning fix, Short Term Flip Currently sit at 1233.xx now for the evening Fix and MId Term sit at 1230.xx will track closely and take profit off and play for higher set up if we have a flip.
  • #40,247
  • Mar 6, 2017 6:20am Mar 6, 2017 6:20am
XAUUSD 1H Chart:
Possible outcome.
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 170306 1H [1].png Size: 38 KB
Wait, or you will be slaughtered!
  • #40,248
  • Mar 6, 2017 6:26am Mar 6, 2017 6:26am
Quoting ajacid
{quote} Hi Uturn2 Can you kindly explain this chart (in post 40065) ; 1/why you put the fibs where you did, 2/why did you start the first a,b,c where you have, and put them where you have 3/why you put i ii iii iv and v where you have them ( and what they mean) 4/the 2nd lot of a b and the [a] [b] in relation to the fibs And any other things and ideas contributed to this projection Cheers
Read Ian Copsey's book Harmonic Elliott Wave. It has nothing to do with harmonic pattern, but with Elliott Wave. Have bought a copy myself and if you look at the count, it is really convincing, it pays due respect to Dow-theory! But it requires some braintime to switch from Elliott Wave to HEW!

What I miss though, is that Ian Copsey does not elaborate on fibo time extension (at least not yet, half way through) on the basis of his impulse structure. Maybe in a new edition of his book.
  • #40,249
  • Mar 6, 2017 6:27am Mar 6, 2017 6:27am
Quoting Uturn2
XAUUSD 1H Chart: Possible outcome. Cheers, U2 {image}
Yes that's what the flow is suggesting
  • #40,250
  • Mar 6, 2017 6:33am Mar 6, 2017 6:33am
Quoting Visionary
{quote} Yes that's what the flow is suggesting
But only if we have a Short Term flip. But with the Bulls leaving Mid Term money on the table we could have Zig Zig and then the momentum play for 1209.xx and possible 1187.xx. Cover my 1236.xx short at 1234.xx for now.
  • #40,251
  • Mar 6, 2017 6:42am Mar 6, 2017 6:42am
Quoting Visionary
{quote} But only if we have a Short Term flip. But with the Bulls leaving Mid Term money on the table we could have Zig Zig and then the momentum play for 1209.xx and possible 1187.xx. Cover my 1236.xx short at 1234.xx for now.
But a close below 1227.xx will trigger the momentum play without other Bears loading. but i i would love to see 1257.xx or even 1249.xx back again to re load and play against a LH at 1263.xx upon Short Term signal.
  • #40,252
  • Mar 6, 2017 6:48am Mar 6, 2017 6:48am
Quoting Exobar
{quote} Read Ian Copsey's book Harmonic Elliott Wave. It has nothing to do with harmonic pattern, but with Elliott Wave. Have bought a copy myself and if you look at the count, it is really convincing, it pays due respect to Dow-theory! But it requires some braintime to switch from Elliott Wave to HEW! What I miss though, is that Ian Copsey does not elaborate on fibo time extension (at least not yet, half way through) on the basis of his impulse structure. Maybe in a new edition of his book.
Hi Exobar, I'll pm you.
Ian's latest book Fractal Forecasting has chapter 6:
"Integrating Indicators and Cycles"
Must admit I have't read that chapter.
Probably because I have my own indicator[s].
Cheers, U2
Wait, or you will be slaughtered!
  • #40,253
  • Mar 6, 2017 7:21am Mar 6, 2017 7:21am
Did you check weekly candle it looks that will be bullish current and incoming weeks... because a Medium term trend is bullish...
  • #40,254
  • Mar 6, 2017 9:36am Mar 6, 2017 9:36am
Quoting goldenbird
{quote} That nice my friend, but i have different target, waiting for an expanded Flat correction here with wave B = or higher than A. My point is waiting to buy at 1226-1230 range for target 1250 or higher. 60% for this chance. <Edit> 30% for the fifth wave of A to 1219 and then recover but the target is much lower
Now we have the 30%
no matter what right or wrong, but the way you handle it
  • #40,255
  • Mar 6, 2017 9:44am Mar 6, 2017 9:44am
Quoting goldenbird
{quote} Now we have the 30%
This is just my opinion as i see These type of candles decision most number of time...
i am not sure if it can go further down but 90% chances are to go higher now even till 1248...
  • #40,256
  • Mar 6, 2017 10:57am Mar 6, 2017 10:57am
Quoting Daaimali1512
{quote} This is just my opinion as i see These type of candles decision most number of time... i am not sure if it can go further down but 90% chances are to go higher now even till 1248...
Yes, agree, i think this is the final wave down to move up on B wave, but my sys indicate that the target for this move will be 1221, then we should wait for recover signal
no matter what right or wrong, but the way you handle it
  • #40,257
  • Mar 6, 2017 10:58am Mar 6, 2017 10:58am
Will try a long at 1227. Minor support here.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #40,258
  • Mar 6, 2017 11:00am Mar 6, 2017 11:00am
Quoting jorgen.fx
Will try a long at 1227. Minor support here.
if you try 12.27, let wait for confirmation.
no matter what right or wrong, but the way you handle it
  • #40,259
  • Mar 6, 2017 11:23am Mar 6, 2017 11:23am
Please be careful there is no buying taking place as yet. Not even a scalp buy present. Plus we are in full Bearish Short Term and Mid Term.
  • #40,260
  • Mar 6, 2017 11:58am Mar 6, 2017 11:58am
XAUUSD Renko Chart:
May be a Double Zigzag Wave b Correction,
within the abc Red Correction.
[The Wave a Red was in 5 waves]
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD 170306 Renko [1].png Size: 66 KB
Wait, or you will be slaughtered!
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