Thanks for these. Going up, it looks like the 1560 - 1650 is going to be a massive contention zone. There is also the infamous old "support floor" at 1527 which should now become tough resistance, yet the guideline of excluding the candle wicks when ...

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

DHT, I just looked at AUDUSD on the H4, H1 and M15 and that structure going up seems to be a triangle (ie 5 wave correction). It looks to be targeting the 0.9570 area where (if it's a triangle) it will reverse into an impulse down. The impulse ...

Sultans of Swing

exactly: bouncing and consolidating. I am not position trading gold until its intention becomes clear.

Sultans of Swing

hi R2R, i've been trading only gold for over a month now - an experiment in pervasive singular PA emmersion! Initially my deciion to focus on Gold was based on my analysis that the new bull trend had either started or was about to. Well, spending ...

Sultans of Swing

hi XTrade, Indeed, i noticed the narrowing range when i was consolidating my charts this morning... As it is we are bang in the centre of the range right now - which is also the midpoint of the Jul-Aug uptrend. So consolidation seems the keyword and ...

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

i'm having a slow transition adjusting from bullish to bearish mindset... although i thought 1292 was our max downside target all along, now PA is showing intentions to smash down further... if it turns up that'll be better for my head but no use ...

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

if you scroll your H1 chart back to around 18 Oct you'll notice the H&S we're potentially dealing with... PA would need to descend to around 1304 for this to become a possibility. Scary looking!

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

FWIW, I've noticed a lot of traders are happy with Think or Swim (platform) and i believe this integrates with IB's gateway feed.

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

hi adamjn, I don't really know if you're right or wrong but your idea sounds feasible. Out of interest: does that volume indicator show whether the bulk of volume was made up of short or long orders? I see it's got colours, so thinking that might ...

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

fantastic, thanks for the link (i had to copy and paste as the link ref is empty)

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

not an inch of progress - haven't even started, D! I plan to get going with DeMark and a book by Rich Swannell soon. Have spent the past week integrating my apps and OS so I can switch easily and seamlessly between trading platform and my prefered ...

Sultans of Swing

hi Rhodie, I use the M1 chart for entry timing as well as wave counting. My entry is always on the 3rd wave so I don't nail the high/low but I can appreciate how you do this fairly accurately on M1.

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

hi Pip Anon, Good Luck with your metal trades. edit: interesting about the potential Paladium shortages next year - sure to benefit your trade.

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

Right you are - best to give this one time to make itself clear.

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

Hi Ramses, Yes indeed: PA can swing both ways and the counts are equally valid. I realized over the weekend that the Oct advance can also count as a zigzag (e.g. replace III & IV on your chart with ABC) and we have a valid equal-leg zigzag. That ...

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

Combining the H&S on your chart with the potential H&S forming in H1 could mean significant downside. Hope this doesn't play out - I wanted to harvest the pips to the upside. But who cares? Pips are pips right? So long as they are green.

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

Hi all, I noticed over the weekend that the Oct advance had retraced exactly 62% of the Aug/Sept decline. This gives an ambivalent signal, since it implies that we could be in for additional lows in a 3rd wave down. At first I thought this was only ...

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

Hi DHT, good to have you back! Good Luck with the trades.

Sultans of Swing

It's coldest just before dawn

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

Colleagues, this potential wave 3 up is looking promising... if it confirms all its confirmations it is going to be the absolute shizniz.

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