i agree, this 3-day chart is really useful and is now permanently open in a browser tab. as you say, it shows where PA returns to when it wants to sulk or be difficult and also the times of day when it likes to move or consolidate. Really useful. ...

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

tell me if i'm seeing right? on M1 i'm seeing PA unfold between channel lines and it seems we're in the final subwave 5 of wave 5 up. upper TL target appears to be around 1300... IF this is an ending diagonal. The overlapping wave start/endings and ...

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

the way PA is pulling back deeply like that is the hallmark of an ending diagonal. It should come clear what the diagonal channel is soon, so be sure to draw those channel TLs and count 5 touch points of candle wick (not body) extremes. Viewed ...

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

noted - and an inverted something&shoulders in M5 XAU too

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

hi Greenstar, i hope she sticks to the straight-and-narrow during q&a and doesn't say something crazy like "policy objectives? girls just wanna have fun!"

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

jimmi, i hope you did the wrong thing and pulled back that SL below 1281 !

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

KO and I are counting this differently - for me we have been in wave C since the low near 1260 a few days ago. We are now going up in the final subwave 5 of C... give it time to unfold - sometimes it will look like it's topped but will push further ...

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

i hope today is your lucky day - that's a high risk gamble... but by my analysis you're going to score big in a few minutes.

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

the wave up from that low looks good - 5w structure and good momentum clearing the lows... waiting for it to retrace and check it's a HL and at what Fib retracement level. .5 or .618 and I'm in long

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

oh OK, thanks for pointing that out. I assumed 1 contract = 1 oz what i mean to say is: enter with the minimum and add cumulatively as PA progresses through your confirmation check points. That way, if you're wrong the damage is minimal (you ...

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

ye, KO says good. wide SL for Gold. i would add that 20oz is too aggressive for a single entry. Not to preach you my entry method, but you should build positions in the direction of trend. So you may start with a single unit and add as you get ...

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

well you're actually catching us at the tail-end of a discussion that's been ongoing for a few months now... sounds like you're implying we should be bullish which most of us are but at a larger time frame. Which timeframe are you refering to?

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

I used to have a 4-screen setup in the city and it was great. Having every information source in a dedicated screen location and being able to scan going's on was so convenient. My current location and resource constraints don't allow such a setup, ...

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

wait for a drop like the one that preceded the strong move up yesterday. Lookout for the "hook down" - that's the best entry point - but don't try to call it's end... wait for PA to move decisively away from the low

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

about the waves... it's a highly subjective TA method (much like fundamental analysis), and it is not exact. People with good pattern recognition skills can excel at it but most wave counters are mediocre and don't experience the blinding light of ...

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

The defaults are good but you may want to tweak. I change MACD to 9,12,5 for it to give a faster reading on wave amplitude - but it requires more interpretation... if you need this then change it, else 12,26,9 is good. RSI is the most bestest ...

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

Rhodie, I am often amused by the doomsayers. I enjoy ZeroHedge and they are certainly defiant in their reporting and opinions. Good reading and vital info. But their tendency to sensationalize the "Coming Mother of All Crashes" is not believable. ...

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

Since none of the clever guys are answering you, i guess my opinion will just have to do: I have us in wave 4 now and that means a drawn out retracement. Could go deep to 1277 or keep shallow above 1280. Following that we should have one more leg up ...

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

hi fellow archer! i see your chart and what you're questioning. I would advise, because of the small wave degree of this advance, that you also look at M15 where you will see the divergence more clearly. H1 will continue diverging as we approach ...

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

PA has moved on a bit since I compiled these so the wave 4 / wave 5 border may have been crossed already... Recap: Gold PA is going up in a correction to the larger trend which is down. Current PA is the last leg of an ABC to the upside before a 3rd ...

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