MACD reverse divergence says: Additional highs for GJ The M15 shows divergence compounding to stupid levels, and with GJ hitting the upper channel TLs people might be thinking to close out their longs. But think again: Reverse divergence makes the ...

Sultans of Swing

chonchy, it depends on your trading rules and timeframe. Apply them to Bitcoin as much as any other instrument. Also apply the same analysis techniques but remember this is not a currency chart, it's a commodity chart and will soon come down again. ...

Bitcoin technical analysis

hi KO, i see there was unmistakable RSI divergence on the last low (1,236) across all TFs up to daily. Also, and this is the clincher, the last divergence was made without reverse (hidden) divergece to the previous swing high which indicates the ...

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

hi Gold-lover, that looks good. Let's see what we get next. If we're in a triangle then we can expect a zigzag with subwaves ABC. A can be 3 or 5 waves. B is usually 3 waves and C is always 5 waves.

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

hiya gnomoneey, i don't know... but read a few pages back, someone else asked about which brokers offer it and there were some posts. What I do is to trade straight via a Bitcoin exchange called Mt.Gox (link in post #1) but other guys go via btc-e ...

Bitcoin technical analysis

i switched to singular PA a few months ago: only Gold - all of the time! However, today i started putting some Silver charts around the desktop. I noticed yesterday that Silver prints a simpler chart - the same PA as Gold but less distorted. So for ...

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

I'm with Mt.Gox and have not yet tried to withdraw, so will do some dilligence on that. Thanks for the heads-up. Hope your problem there get's sorted they're a bit slow to respond i believe. BTW - BTUSD up at $738 atm (from $580 this morning) Gold, ...

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

hi adamjn, Bitcoin is good fun, and a lot of people miss that because we tend to evaluate trade instruments with fundamental hats on and this intangible funny-money is just a paradox at $700 a unit GBPJPY - i spent a few months only trading the ...

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

colleagues seeing as our precious is being pathetic: anyone trading any of the Yen pairs? I guess the slow action in Gold and Silver forced me to look around the market more carefully and I've been keeping an eye on GBPJPY - anyway today thought ...

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

Rhodie, we'll have to agree to disagree on the future of the markets because our positions are polar opposites (on some topics). i'm sure you've read my "definte maybe" position, so i apprehend and interpret the markets from this perspective and ...

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

Not poking fun at your post but at Goldman Sachs - who are famous for misinformation. Also: end of next year? wow, they've got the forecast power to see the end of next year? And assuming this boring sideways PA continues... that leaves Gold at ...

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

mrmalik, please have a look on the H1 chart around 10-11 Sept. Do you see the horizontal correction with 3 legs down? Is that similar to what is unfolding today? Look at what came before and after - you may be better off cutting those longs when PA ...

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

PA may make one additional low. If it's 1230 would your account handle a loss at 1229? Up to you! and good luck

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

i see what you're saying. I'm wondering about the momentum tho' - had a bottom to this decline been struck one would expect PA to reverse strongly with impulsive action to the upside. This seems to be a conslidation... but then it broke channel, so ...

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

i think you'll hit more fractal occurences if you use Fib numbers as the multiplier or just even as a straight count: after 5 bars, after 8, after 13, etc Whenever i see timebased projections that work they're always based on Fibs (eg, 89 weeks from ...

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

Phew! Can't tell... my math-blockage is so severe i don't even know if i agree or not. Even mentally calculating a percentage of any number other than 100 induces headache... The one time I tried to create a formula that would check random number x ...

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

Technical analysis is a fine undertaking. The mind and the external world meet and by applying our tools, our discernment and keen eyes - from chaos emerges pattern, meaning and a clearer picture. Something you can grab a hold of and say "Yes! I ...

Sultans of Swing

I mentioned before that yesterday's low brought Gold and Silver charts back in sync. However, some peculiar differences remain: Notice how the bottom of this wave in Gold (yellow chart) looks like a cat arching it's back and in Silver it resembles a ...

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