i read this next... and agree: wave 3 of 3 as you and KO mention before it is in those initial stages where it seemingly wants to return to previous support - and then the bottom falls out

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

hi fxjay, These are likely outcomes you and KiwiOz mention. Can I kindly ask you to show your wavecount (as simple or basic as you like) - I want to see where you're coming from and discuss

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

Interesting wave count for DXY at EW Reboot: url

Sultans of Swing

apologies if that seemed cryptic. i meant the sudden USD strength based on the US data release. Although DXY is fading below 81 by now which should sustain the move up in AUDUSD. Let's see how it rolls.

Sultans of Swing

i like the second chart on white background. Now i'm going to study it thanks again for adjusting - it's easier on the eyes

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

that's much better, thank you for adjusting it. One last thing: can those geometric lines be grey to allow PA to be the main chart feature?

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

hi amasat, i like the geometric patterns superimposed on PA can you perhaps make the geometric lines opaque or a lighter colour to make the PA more visible? That will help show what is being revealed by the analysis.

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

Go PT! - you got it by the nutsack!

Sultans of Swing

DHT, Just to update you that there has been a significant change...

Sultans of Swing

hi twinklestars, Sounds like a good plan. Maybe, later, one cafe can turn into two... good luck with that. To achieve this plan you will have to work at sharpening your trading skills (by reading, studying and practice) and you will also have to ...

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

hi Gold traders, Just to share my assessment of PA. I am not sure about fundamentals and macro factors but this is what i see: Although I've mentioned a consolidation period for Gold, now it seems a slow descent is underway and a shock news event ...

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

I second the suggestion for babypips.com school. Everything you need to know is there. Learn it, revise it and apply it. For technical analysis (TA), learn Support & Resistance, Elliott Wave (Fibonacci Ratios), Stochastics, RSI and MACD. Have Rules ...

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

DHT, hold that AUDUSD long for now. Why: PA dropped out of the triangle channel without completing to the upside - it seems that it was not a triangle afterall and PA is possibly forming a larger ABC correction with wave C now heading up. Based on ...

Sultans of Swing

without supporting analysis your post is just noise

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

Goldhog Day image

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

The one time I was so bored I could hardly stand the feeling. I was thinking about what might exist beyond where space ends... I started noticing little dust grains and an ant dragging a mosquito leg to who-knows-where. I looked around but ...

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

hehehe, this might happen but the only mistake you made is not posting a chart or analysis. Now the rest of us don't know WHY you think so

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

I was trying to remember what PA on the M15 reminds me of and it just came to me: a bucket full of angular eels... When PA makes these tight knots of seemingly pointless correction and counter-correction, it makes me think the market's psychology is ...

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

PA is like: "Let me visit every local S&R, TL, Fib and pivot. Then do it again but randomise the order..." In a way it doesn't matter where you entered - PA will fling past your order 2 or 3 times and leave us wondering if it's going to repeat ...

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

Gents, This is what I have. This also shows a good example of a diagonal and how to count it. A diagonal is a motive wave but it is not an impulse. Each of its waves subdivide into 3 waves. So while an impulse is composed of the following wave ...

Sultans of Swing