great, glad you find some resonance with my proposed triangles. we'll have to see which one and what internal structure - triangles are always tricky - just when you think you have its end nailed, it goes and makes another clever zigzag!

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

auther, you can check at url

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

never mind - i was joking

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

hi infinitus, this is log scale image

Bitcoin technical analysis

a gap up would be good - it's usually what happens when a contention level (like 1290.x) get's in the way - so if the open can pop Gold over 1300 we're in for a good week what with Wednesday and Thurs being critical data overload on the calendar! ...

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

hi Muntu & jimmij, well, you could try the "digital Gold" - Bitcoin - it trades all weekend and has reached the dizzy bubble high of $500/BTC a few minutes ago!

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

$500 just got hit - market paused - and it's now crept over with no sign of sell orders below increasing in fact, as i write price just ran up to $505. There's a clump of buys between 506-507 but other than that the participation is weak even for a ...

Bitcoin technical analysis

hi fxjay, glad to see you're learning the EW! wave C always has 5 waves, except when it's in a triangle where it has 3 waves. So up to your first label "5" would be wave C and then you have a correction and another 5 waves. So effectively you have ...

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

Gold in a triangle (part II) If Gold is in a triangle then we need more confirmation. There are also likely invalidating factors if: 1) PA breaks below the lower TL and does not return... 2) PA breaks too far above the upper TL without reversing ...

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

Right, Gold in a triangle. Let's go... There is not enough evidence (for my analysis) to say that Gold is definitely in a triangle chart formation. If this is the early stages of triangle development then we can extrapolate what the potential ...

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

Agreed. Like you, I cannot see a justifiable reason to join the long stampede now. Also, I don't trust the small brokers (and their rates) who offer short CFDs so for me it's classic "buy-and-hold" only. Buying right now would be daft, as the signs ...

Bitcoin technical analysis

hi Bruce, I get your scepticism, but almost everything operates in boom and bust cycles. Bubbles have affected all asset classes from Gold to housing to tulips. BTC is not trading like a currency yet, but more like a commodity: metals, produce, ...

Bitcoin technical analysis

i think that's the crux of it: IF Bitcoin becomes a widely accepted payment method then we represent the early adopters and we'll have a few when the purchase price is around $2000 each. IF NOT, we did not throw our house and Granny in the trade, so ...

Bitcoin technical analysis

hi zusch, can be known and can be predicted to the pip with the right tools (EW and Fibs) but NOT EVERYTIME. Should a diagonal manifest, I will try to call the top - for fun and perhaps a feather in my cap!

Bitcoin technical analysis

quick post of my M5 chart... Divergence is setting in hard, but room for more IMO image

Bitcoin technical analysis

Lottaa, Good analysis and thanks for your thoughts. Your speculation about the pending sell-off coinciding with the Bitcoin hearing tomorrow sounds feasible. This is typical bubble speculation and it is interesting to watch. I think the Bitcoin ...

Bitcoin technical analysis

thanks for those! 'Night XT and see you later.

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

thinking of Ghandi: "Satchiagranda" - "Passive Resistance" kind of like "Passive Aggressive" !

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

economic forecast! funny because it's true (especially us traders) how about "Fighting for Peace" oh Buddha, I just thought of this one that plagues us all: "Trading for Profit"...

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