DHT, this is great info. thanks a lot!

Sultans of Swing

I should have just put a chart up instead of describing the chart - much easier for everyone! OK, what I described is actually a possibility right now. We had an EJ decline from 135.00 to 131.14. That is either a wave (x) as shown on the chart or it ...

Sultans of Swing

Nice count and the one I prefer for EJ's PA to date. Another aspect of note is the advanced divergence in the stochastic. However, as you know, the divergence can continue compounding up to the Larry Summers, so I've decided to use an EW trick to ...

Sultans of Swing

hi TieuHo, wow, that's a profitable EA you're running there! What is it's logic? Does it use indicator conditions to make its decisions?

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

ya, i'm sitting out for now on AUD. the Yens are also looking like they want to turn down, but there is no way in Hades I'm keeping a position over the weekend. That's like putting your kitten on the pavement while you cross the road to quickly buy ...

Sultans of Swing

very much. It reminds me of that H&S in EU a few months ago: everyone (including moi) was wetting their shorts at the massive H&S and PA touched the neckline - crossed it back and forth for a few hours and then just launched straight back north ...

Sultans of Swing

i've been trying to get an entry long, but I keep being ejected, rejected and slammed down!

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

The Yen pairs are pulling back and the DXY is dropping slowly - the tide may be turning... guess tagging 127x could ignite the rocket fuel... or see the bottom fall right out if this level switches the waiting H&S "on".

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

in the case of Zimbabwe, once the local currency started depreciating too fast, people at street level started showing a preference for other accessible currencies (and perceived as valuable) such as the South African Rand and the US Dollar. ...

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

about the AUD... this awaits confirmation, but the evidence is overwhelming: image

Sultans of Swing

yep, the Yen pairs are really shunting and those spikes look like a ripe fruits wanting to come down from the tree... patience, eh? BTW did your TDM analysis give any indication that the Yen pairs were going to turn up like this? I should have known ...

Sultans of Swing

this is what i'm saying to you (and most traders here will agree with me) - the fundamentals are irrelevant. If fundamentals mattered (risk of US default) then Gold would have been shooting higher right now. You see? Analyse the price chart - that ...

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

hi breaklimit, it doesn't work like that. unfortunately, don't have time to teach you but don't worry about the news and fundamentals. Trade the chart each day is what we do as traders, so my advice is to learn technical analysis: 1) Support and ...

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

I don't know, hey. I'm not disagreeing but let it be said all of this discussion is speculative. I really don't think we can understand or predict Gold because we are effectively looking at a riddle via a mirror. Gold is used in circuit boards for ...

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

good point, KADC - i hadn't thought of this intrinsic link.

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

yep, those are the facts and down the line RMB is going to be the shizniz... i buy that call without hesitation. The amount of Chinese involvement in Africa is just incredible. I was home a year ago and the amount of construction (commercial and ...

Sultans of Swing

I'm not that familiar with the mining industry and it's historical conditions, but here's an opinion for you: I reckon we're in the same recession that started in 2000. Have a look at a longterm Dow or S&P chart and you'll see what i mean. Regarding ...

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

thanks for the ref - got it. Googled and it pointed right back here at FF

Sultans of Swing

no sweat - if you don't have a X handy its easier to choose from the available pool - any SGD X will be interesting - and consider one Yuan - that currency is going feature more and more as the EMs band/bank together.

Sultans of Swing