Jim, Draw your fib from 1522 to 1790. you will see that 1656 and 1688 line up nicely.

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

...Can't believe I missed it. Had a limit order at 1656 and because of the spread I did not get filled last night. checked back at 9am and boom ... see ya! oh well, wait for the next pullback I guess, maybe around 1670ish.

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

Glad you like it. If you combine this with manually placed S/R it is very good. edit: The best entries are like on March 15 on the left of your chart. notice all the curves had changed color and then price came down near previous support. When you ...

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

Price came to 1628ish, pretty close to 62% target. 4hr Macd divergence 4hr pin forming (edit : new chart attached)

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

All we can do jsr is play the probabilities and use our edge(whatever it is) to increase our potentials, right? A pinbar for me is simply a long wick, one side or another, with a small body and represents the sentiment of the market for that time ...

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

A pin bar is still a pin bar to me and is still valid PA, regardless of the low. Maybe our definition differs.

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

Nice bull pin for Friday, I am expecting retest of 41 and then past 62. What are you looking for for entry off this pin?

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

Do the math — This happens quite often, price drops and these people who have not been on the forum regularly, come in and proclaim gold will drop to $1000. This is my analysis right or wrong. EW 'C' correction was done at 1522. wave 1 was ...

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

please explain — Why did gold drop so much after yesterday's statement? I cannot understand. The statement said rates would be held low until late 2014 (= money printing), inflation is higher but only temporary(= room for easing ), economy is ...

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

Anyone notice that Platinum is more than Gold today? Is that a good thing or bad? anyone?

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

1685-1690 is strong support in order to push up gold so quick 2 times in a week. Also, I think some smart money knows something about the FOMC. Either they are getting their positions in ahead of time or setting up for drop... be careful.

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

BE now set when price hit 1700 just to be safe before FOMC.

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

I try to be longer term, I don't look at anything under 1hr and that is only if I am trying to time an entry, mostly 4hr entries, direction from daily and weekly. I will let this run as long as the market allows.

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

Price came down to my target and then just below. I am long at 1687.95, changed my SL to 1673. we'll see what happens today!

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

I am looking at support being around 1688, and I'm buying there. SL 1648 TP 1758. same as XT no guarantees on this call, just MY call. edit: see target on chart in purple

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

This was actually a textbook trade. NFP gave a nice drop down to support and away we go! I know lots of you got in on this too! A while back as a noob, I would have been jumping on the bandwagon and selling at 1680 instead of buying.

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

Sorry X I was not clear. The 10 week avg range would be the absolute ranges, day to day, averaged over 10 weeks which right now is $12. for currencies it would be according to the following: url If I was at the top of the weekly channel and caught ...

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

regarding BE, my experience is that if price moves up more than the 10 wk avg range, move your stop up to BE or BE +1... just my rule of thumb.

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

my opinion-You may want to raise your pending order a bit...1727ish. Price has hit 1725 a couple times in the last couple days and retreated. Your order may get filled and then retreat instead of actually grabbing the breakout that you are looking ...

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

Divergence was a good sign for the big drop, see previous post. url Time will tell how much price will be pushed down from it.

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