words of wisdom... i don't know what to say to match you... "time flies like an arrow but fruit flies like a banana" thanks PT, i gedit: don't over-analyze... all will be revealed in good time!

Sultans of Swing

Thanks for your thoughts PT, Seems I am jumping the gun anyway - despite the size and momentum of that last wave up, it does not strictly have an impulsive internal structure - diagonal maybe - but a "maybe" doesn't cut it. I agree, for now all that ...

Sultans of Swing

very good! PT, please cast an EW eye on the Gold chart. Is that wave up not a textbook impulse (with a 3-3-5 correction A-B-C) ? If that is an impulse, then the implications are: 1) the downtrend of the past 2 months was a correction 2) over-all ...

Sultans of Swing

leedicky, you can save yourself a lot of misunderstanding and questions by doing the free course at babypips.com it explains all the concepts and jargon as well as giving you some basic knowledge you wouldn't easily "get" from reading the news and ...

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

Gold struck a low of 1251 today - a supply level that's been untouched since the June advance began. On bouncing, PA did not take any of the usual exits to resume downtrend but is now making successive advances with shallow retracements inbetween. I ...

Sultans of Swing

no problem. you'll soon get up to speed altho' you might not always get a quick reply if the market is busy! what i meant was a big red candle (a drop) in M5 (5 minute chart). That has not happened as expected, which i interpret to mean there is not ...

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

The iconic rhino horn is forming on M5 as i write. Forgive my prediction, but if we are still in the same downtrend and the pattern holds then we should see PA hit the horn-tip at 1,273.95 (Fib 68% of recent wave down from 1278) followed by a long ...

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

Sultans, check out this post: url i watched this member get to grips with TDM over the past few days and then on his first chart (i watched it develop) he get's a heads-up for the drop in Gold - a few hundred pips out - but damn near enough anyway ...

Sultans of Swing

very amazing! i'm learning the TDM Crystal Ball asap!

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

your comment was good advice at the right time - i should have taken it onboard!

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

usually, a) at this time or b) after a double zigzag up like we had, PA kind of coasts lower; then makes a hook-up (like a rhino horn) and then slams down lower. it's not happening (or is delayed) which makes me think vickym's previous post about ...

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

if i remember the pattern correctly, this is the part where we can expect a big drop, right?

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

well that was an unexpected turn of events...

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

not sure what PA is doing now - a surprize - is it making a triangle or is this the reversal? anyone?

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

FYI, I've seen bear trends where RSI had diverged to over 50 by the time the last wave printed. A reversal is coming but don't let a glowing hot RSI make you enter against the trend. Now is the time to look for "Reverse" ("Hidden") Divergence to ...

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

Hi PT! Blast from the past - thanks for that! I take it you're a participant in today's EurUsd downtrend?

Sultans of Swing

not sure about the upside resistance that will get hit before continuing down... I imagine the US session open will make the usual spike upwards followed by swift reversal and downtrend. Maybe somewhere between 1260-1270?

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

Oh my Buddha! Gold is dropping like the car (from Jurassic Park ) crashing down through the branches in stops and starts. Doing it in clear impulse waves - beautiful pictures on 10sec TF! Not sure if this downdraft is going to extend - but most ...

Sultans of Swing

very satisfying downside action. Target could be 1227 (TL connecting lows since Sept 24) with a reaction coming up at 1251 (daily S2) and then at 1243 (weekly S1) edit: and 38% Fib of advance (starting June) at 1239 - that could also be a reversal ...

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