No, it isn't. Price action must lead into the first shoulder whereas in this case it reverses into the first shoulder, and volume must be less in the head than in the first shoulder whereas the opposite happened in this instance. Unless there is a ...

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

That's not a head-and-shoulders pattern. See my post from last August for an illustration of the technical requirements.

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

Most countries require that brokers must be registered and only accept clients who are citizens of the same country. Most countries also require that trade only be conducted with brokers registered to conduct trade in that same country, violations ...

Interactive Brokers - experiences and opinions

Questrade is useful for your RRSP/RIF and TFSA investment holding as well as physical gold and silver with reasonable storage fees. My main problem with Questrade is when a stock splits or reverse splits they automatically update your number of ...

Interactive Brokers - experiences and opinions

Looking at the daily charts, gold stopped at a long term descending support line and the 61.8% of last October's high. Silver was rejected from its long term descending resistance line but also stopped at its 61.8% retracement. Daily RSI for both ...

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

They are the least expensive discount broker here in Canada by far, and the only one that lets you trade everything (stocks, futures, FOREX, options) so unfortunately I don't have a choice. All I can do is hope that their competitors in other ...

Interactive Brokers - experiences and opinions

I prefer RSI for the "clean" lines it gives but I sometimes (less and less frequently every year) look at MACD for crossover when I have conflicting RSI trend lines.

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

I'm tentatively back to trading after taking a sabbatical since the first week of last November until a few weeks ago, and no promises that I'll be posting as regularly as I used to as I'm still getting back into the swing of things, plus I'm still ...

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

Well, there's inaccuracy and there's flat out nonsense. Economies change incrementally, not in crazy fits and spurts. Whatever the truth may be behind the data, movement in the past two days of has invalidated most of my short-term charts and even ...

Davit's Confluence Trading

Who can spot the bogus data? Earnings, working hours, and personal income are stagnant and unemployment is worse yet somehow the non-farm payrolls are up a record-setting 25%, up 41% excluding public sector employees. I call shenanigans. Personal ...

Davit's Confluence Trading

Gold played exactly to RSI and price action trend lines today. I'm maintaining $1,306 as support (show of hands for everyone that reloaded here) and if that holds I'm targeting a retest of the long-term descending trend line (red) which should be ...

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

There is no correlation between currencies and gold. (See post #1 and other more recent posts). The ECB just lowered the interest rate of the Euro to 0.25%, thus the flight out of the Euro into everything else including gold and silver. Waiting now ...

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

I've been noticing my account balance decreasing lately having nothing to do with the trades I'm making. Last night I wrote down my starting balance at midnight, and after making a net gain of $185 (not my best night to be sure) my account balance ...

Interactive Brokers - experiences and opinions

Critiquing other people's posts with constructive analysis or asking for elaboration is more than welcome in this thread. Back-and-forth bickering, however, is not productive so please take it to private messaging if you wish to continue.

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

We're still in a consolidation zone, but RSI is trading above 50 with a break of bearish resistance and a well-defined bull support line as shown in this 2-hour chart. I will hold my long from $1,306 so long as RSI support holds. image

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

Since it's made by NetDania I assumed the accuracy across time frames was total crap and never tried it. How is the accuracy? Speaking of which, I did notice that ChartStation (the upgraded version of basic NetDania charts) they provide on their own ...

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

Do the charts save? If so, what is the website? This site limits each workspace to 9 charts whereas you really need 16 to do a proper majors vs minors grid. Every non-savable version of NetDania has volume and I can't imagine why they would disable ...

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

I'm satisfied with the market data I get from IB, so any charting software that will utilize that data feed so I don't have to pay for a second feed is worth considering, but I also don't want to pay $1,000 for the software. Mind you, I don't ...

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

I entered long at $1,306 on that same basis (well, actually because of the confluence of Fibonacci, but a potential double bottom doesn't hurt). Stop just below in case it doesn't hold. Addendum: I founda different version of NetDania that lets me ...

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

Still waiting, but in the meantime, a picture worth (and perhaps with) a thousand words. url (link updated)

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