Thanks Ramases, i don't have to post a chart! I see a triangle too and we should reach the end of E later today or tomorrow. The depth of E is unknown but it will most likely overshoot the LTL as people pile in thinking the bear has awoken. On ...

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

very nice analysis and forecast. looking at that stochastic it seems the upside has already begun - just seems the stoch won't allow the additional downside shown - although the reverse divergence in RSI might... thanks for the headsup R2R, we have ...

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

As you say, every framework is an over-simplification, but this helped me better understand the macro-economic dynamics pertaining to forex. I had been trading for several years before comprehending RoRo, so at least now I'm in with the "in" thing ...

Sultans of Swing

hi numbnuts, the way you lay out the inter-relations is logical and a welcome correlation refresher! a question: you're looking to long GU despite the case for weakening made in the HSBC document? I think the GU could continue rallying but it is on ...

Sultans of Swing

RSI signals are central to my method. Your combination of 5 and 14 periods makes sense and you will be able to enter and exit reliably - as explained below. Your accuracy with entry and exit also improves if you're simultaneously watching multiple ...

EurAnalysis

no problem, PA = Price Action (as in "Gold PA is pushing above 1320 right now" or "PA has corrected the recent high") H&S = head and shoulders formation TF = timeframe (of your chart, so M5 for 5min chart, H1 for a 1hour TF chart, daily TF, etc) You ...

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

it would be easy for me to start imagining reasons and write an essay, but the truth is: I don't know. At the larger TFs you can see they're at different stages of trend so they are not actually correlated. I'd say they may be unfolding similar ...

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

that's quite a claim! can you please substantiate with a chart or some analysis?

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

Here's a song Amy Winehouse wrote for all the Euro bears! video

Sultans of Swing

HSBC confirms the forecast for EurJpy to come off its highs in a meaningful way. They have the cross at 129 by year-end and 117 by the end of next year. These levels fit an EW analysis, but the time window is IMO too generous. The fact that EJ will ...

Sultans of Swing

Just about halfway through the document now and stopping to grab some coffee. Excellent reading and insightful analysis! The notion that there are multiple simultaneous models driving FX behaviour explains a lot about what we have been seeing. ...

Sultans of Swing

I was debating whether I should post this chart, since it is essentially the same as Ramses's count. But I figure the analysis may be useful anyway. The different colour labels are explained below: From my prefered count (white and grey labels) I ...

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

From my count I anticipate one more wave up which would be wave 5. This would hit the monthly pivot at 1,345, touch the rising TL as well as put the necessary diversion in MACD and RSI for a reversal. However, before the 5th wave can happen, RSI and ...

Sultans of Swing

PipTrapper & NumbNutz, Enjoying the conversation but cannot really contribute much today. Sometimes it's better to just listen and not talk, i guess. I'm really focussing on chart technicals for the past few weeks and I feel myself getting better ...

Sultans of Swing

Physical Gold Squeeze Returns - ZH url also read the comments

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

This is what it can seem like (stop hunting) but its not - draw a TL above and one below the PA after the drop today: it's a clear triangle in a channel. It's even identical in structure and timing to the triangle formed in the Asian session!

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