Gold should move higher in the next 4 hours. Otherwise this week will finish something like an inside bar which would be disappointing for all the people who bought on QE3 being announced.

Trend Trading All Pairs

I'll also note that the daily chart looks jacked up right now.

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

Weekly candle is closing tomorrow. Will it finish as a disappointing inside bar a after Q3infinity was announced? 4 hour chart is looking really bullish right now so if gold doesn't break through this weeks highs soon (next 4 hours would be best ...

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

That is what I said...not that a currency will rally forever. That is what you said. Of course no currency rallies every day, but when you see a currency rally for 7 days in a row with hardly any pullback, that is the pros signaling each other for ...

Trend Trading All Pairs

No I do not. I am a 22 year old kid with a finance degree who spends countless hours every day looking at charts and financial news. Any potential employers out there? I'm looking for a job! Do you have a background in those fields because from ...

Trend Trading All Pairs

I don't need to post a chart as that is an excellent example proving my point. Look at the first 7 candles of your chart. No retrace hardly and all of them green. That is the pros signaling each other and all of them are entering accordingly. Any ...

Trend Trading All Pairs

Skynet and Shomari, I made this comment a while ago when Skynet first introduced me to the heatmap, but I'll make it again. The heatmap is good for visualization purposes, but this same information is reflected in the shape of the candles. Sometimes ...

Trend Trading All Pairs

Care to share an example of this?

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

Fibs are great tools, but can falter when subjectivity comes into place. I think you would find that you are better served when using Fibs on specific candles instead of general moves. For instance take the last weeks candle and put a Fib on it. ...

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

I struggled with technical analysis until I read this thread: url Everything you need to know is within those pages.

Trend Trading All Pairs

This is the correct mindset a trader needs to have in my opinion. Same shit has worked for 100+ years and the same shit will work for the next 100+ years. I also agree with shomari though, show some charts instead of your account status.

Trend Trading All Pairs

Yes, superb and persistent analysis XTrade and Beeb. Keep it coming!

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

Meh, I'm not really a fan of your bull flag (green trendlines). Too subjective in my opinion as you are cutting through a lot of wicks and candle bodies. Keep doing what your doing though. I don't doubt it works for you. Just thought you'd like to ...

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

XTrade, I know a lot of traders use trendlines such as yourself, but does the subjective-ness of trendlines like the chart below bother you the same way it bothers me? Green line was drawn on monthly chart, then I changed it to a weekly chart and ...

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

This price action is nuts. Thankfully I've been watching from a safe distance.

EURUSD

I was only trying to explain what I thought I had already clearly explained, not start an argument. Your Swissy example is a good one, but I wouldn't call doubling down on your short greedy as long as you have valid reasons. I also wouldn't be ...

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

I read over your post a few times and I think you are misinterpreting my posts. When I talk of hedging I'm talking as a speculator not as a farmer. I also do not advocate opening longs and shorts at the same price, that is crazy. I do not advocate ...

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

I agree that this is not the time to short gold and I haven't done it myself. However once the monthly/weekly charts start turning I wouldn't hesitate to take a low risk opportunity short if I didn't have a long position already in place (which I ...

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

By definition that is what hedging is. However I think you meant (for example gold) that you should only be selling gold if you are already long gold. I don't know if I agree with that. To me that indicates that you are fearful of losing profits and ...

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

Nice chart; its amazing how many traders ignore the weekly timeframe. I think what is important to understand about gold/silver right now is that there is so much momentum behind these moves that realistically the worst case scenario is a small ...

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