I'm not so sure. That's looking like a strong coffee needs ordering and a headache tablet for you, imo. We have been here a few times before, so I wouldn't get too pessimistic on the bulls. There is a major level of support to keep this market ...

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

I suppose so. Bear in mind that we have only traded gold at this price range for 5 years in 150 since stock markets opened. Prior to that it had never even thought it possible. 2001 was the year gold began to climb out of the usual ranges that had ...

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

Making back my earlier loss. Shorted gold @1240.9

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

To drop to $1180 exaggerated by press as to 1080 a further $100 down (not by 1080) which would be $180 an ounce nothe current $1240 an ounce or so. Yes, it's possible. The market says it could happen.

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

That spike got me badly filled. I suspected it would come imminently and 1 second before I went short at 1244.45 and got filled at 1238.8. Talk about a bad slippage. Lost $2.70. A 5 second earlier short and I'd be $3.60 up.

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

Ok, thanks. See, not educated fully.

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

Thanks. i hope it shows something...

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

I never finshed high school. I was invited to join something called Ivy League whatever that is but I thought the monthly $60 fees were a rip off. Some ponzi scheme, I guess. No, It's at 1249 now. Could go sub 1200 over a few weeks or days, but ...

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

Actually it's the differential of range x prices over differential of range y prices with time as the multiplier and that is the velocity ratio. In terms of physics velocity = distance over time. In trading the (average high over the average low) ...

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

Nothing can predict the future. Only probabilites can guide decision making processes. velocity can determine the potential for strong moves. Swings also show market sentiment if you know how to read them.

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

My trades are based on those ratios. Cyclical and logarithmic recurrence is typical of a deflationary/inflationary behaviour pattern.

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

(The average high value for last 5 swings on 5 min chart multiplied by the time frame) divided by The average low value for last 5 swings on 5 min chart) all equals the velocity of the trades. The volume to velocity ratio has a major influence on ...

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

I would go so far as to say that if gold breaks below 1246.51 and keeps under that then it's a long way to slide down, but it's looking slightly bullish as there are patterns behind us that say this is a place where gold should go long but it's not ...

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

Hmmm.... Been watching currencies for correlation with gold. The USD influence on gold is quite diminshed compared with recent times, and Euro:jpy has a small correlation sometimes direct and and others inverse... What I've been pondering is the ...

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

Hi Venzen. With the knowledge I have of bitcoin (which is very limited) I would say as long as no regulation comes into play, bitcoin can only ever be bullish in the long term. Until people develop an account with sufficient equity, the daily ...

Bitcoin technical analysis

I don't trade on emotion, feelings or beliefs. My trades are based on historical data that comes from the market as time progresses. The market has no feeling and therefor neither should I. Everything I talk about in my daily analysis is based upon ...

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

Daily analysis of gold: Just briefly and not in depth:- Patterns are telling me that gold could move to 1229 or so before rallying up to as high as 1361 and then crash down to 1180. Other possibilities are that a rally above 1294 would be more and ...

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

Thanks for the vote of confidence. It collapsed to 1240 as you probably know, but this is the beginning. All depends on US government picking up responsibility now and dealing with debt burden. I am afraid that we may well see gold going to trade ...

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

Yeah, I saw that and lost out a little. Guess the bulls are jumping and bears will comedown hard the backs of any rises.

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

What confidence?

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