BTW, long the Dollar...makes sense. I have some thoughts on that: the market is expecting (or being led to expect) tapering. This is strengthening the Dollar, right? However, with a failure to taper firstly in December and then again in March there ...

Sultans of Swing

Hi DHT and Elite, Well, DHT, good to see ya! and Elite, yep, I focus on Gold like i'm vegan! Great to immerse myself in a singular PA and analyse it inside out and learn it's patterns and when I DO place a trade (once, max twice a week) it is a ...

Sultans of Swing

Rhodie, Good to see you here. I happened to get paid in Bitcoins for a some project work. I was just happy to help but the person insisted and paid me 0.25 Bitcoins. I thought it was funny and just kept them in my "wallet" until one day I read about ...

Bitcoin technical analysis

To be correct: breaking the channel TL is not confirmation of anything. Closing above it and moving higher would be more believable confirmation. Coming back under it and continuing lower (as what might be happening) is a sign of downdraft.

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

the break out of their channel TLs (to the upside) by both Silver and Gold is confirmation to me that we are heading up. The decline may not be over since there are larger channel lines above. But for now I am reconsidering some triangle scenarios ...

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

Mr0791, thanks for the chart and welcome to the thread!

Bitcoin technical analysis

infinitus, thanks for pointing that out. Putting the momentum analysis aside, I still believe there is an additional high liekly due to RSI reverse divergence on the recent low. So far so good, but the market is getting more liquid now that the herd ...

Bitcoin technical analysis

Hi Iro, True, hey? Thing is Apple is a stock but Bitcoin is behaving like a commodity, so quick peaks and troughs as supply and demand fluctuate and participants speculate. Have a look at the longterm chart for Coffee - this is what Bitcoin will ...

Bitcoin technical analysis

mrmalik, here are some options for PA and the orange elipse shows which TLs may cause a reversal to the downside once more. Pa is currently at the blue dot labeled (3). It may be that downside has completed at label (3) in which case I will correct ...

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

mrmalik, Difficult to advise on money matters, so decide for yourself from analysis, mrmalik: There may be another push to 1230 or 1200 below. But for now: 1) the daily RSI is diverged on this low and it has no prior reverse divergence to the ...

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

hi XT, might be an idea to write in an editor like Notepad and then when you're done, just copy&paste over to the thread editor.

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

Sultans, dust off your EJ shorts - it seems to be forming an ending diagonal. Will post over the weekend.

Sultans of Swing

Gold-lover, EW or not, Gold has no example of PA going $150 in a straight line. If it heads upward, there are various levels that will give strong resistance between here and 1400 as well as cause downward reaction. So make your target the nearest ...

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

hold on, reversal at 1251 (or even from here) means there's enough RSI and Fib extention upward for.... 1276 ! pipcenturion was right in a way (although wrong to diss Islander) yet PA won't come down to this level again quickly. Let's see if 1251 ...

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

interesting. So expect reversal at 1251 right? I'll keep an eye on it. thanks for the heads-up, Archer

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

Archer, what does it mean? I'm looking at the chart but PA is not talking to me!

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

true what you say. however, it's been a bad trading month for me so far, so when i see my opportunity to earn the bread-and-butter i have to take it. Gold PA has been ambigious and meandering for a few weeks so I just didn't earn while waiting. ...

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

DXY & Gold correlated vs the Euro I just noticed that the spike up we witnessed in Gold also printed in the Dollar index. So, IF there was inverse correlation it became positive correlation when the ECB announcement came. DXY 10 Day M15 chart image

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

you're rude you know. drop in throw out some numbers and disappear for days and weeks. now you come cast doubts on an experienced trader's position and throw another number with no rationale or technical support for it. and end it it with "enjoy ...

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

Good point, and wasn't JPM in the news a while back for selling paper which they couldn't deliver on?

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