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

  • #27,621
  • Nov 5, 2013 10:24am Nov 5, 2013 10:24am
Quoting jsr
{quote} What about Ninjatrader?
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 necessarily need the charting software to be integrated with my broker. What I'd like is trade alarms based on studies and non-horizontal trend lines but what I absolutely need is precise accuracy of trend lines over multiple time frames.
You can always make money tomorrow provided you don't lose it today.
  • #27,622
  • Nov 5, 2013 10:29am Nov 5, 2013 10:29am
Quoting fxmasterdxb
Head and sholders forming? well looks tempting to me! my SL is @ 1304 and targe around 1317 let's see how would it roll {image}
SL on BE (1308)
  • #27,623
  • Nov 5, 2013 10:37am Nov 5, 2013 10:37am
KADC, I have 4 NetDania accounts, each with 20 windows.
Mine can show volume.
  • #27,624
  • Nov 5, 2013 10:45am Nov 5, 2013 10:45am
KADC,
Did you try "netstation?"
It's fairly new so there are still to glitches mainly freezes. The volume thing may be an issue if I remember correctly. Yet nteed to double check for confirmation.

Other than that no real complaints to think of ATM.

XT-

Quoting KADC
{quote} 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 save charts (though it doesn't show volume which is problematic for identifying certain chart patterns such as head and shoulders) wwhile I continue to test \"real\" charting software (since Interactive Brokers TWS is absolute crap) so no...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #27,625
  • Nov 5, 2013 11:14am Nov 5, 2013 11:14am
Quoting fxmasterdxb
Head and sholders forming? well looks tempting to me! my SL is @ 1304 and targe around 1317 let's see how would it roll {image}

if you scroll your H1 chart back to around 18 Oct you'll notice the H&S we're potentially dealing with... PA would need to descend to around 1304 for this to become a possibility. Scary looking!
cryptocurrency everytime
  • #27,626
  • Nov 5, 2013 11:19am Nov 5, 2013 11:19am
will this bounce 1305 be able to reach 1323 ? any opinion guys ?
  • #27,627
  • Nov 5, 2013 11:33am Nov 5, 2013 11:33am
So far 1305 held.. Let's see if it can maintain

Quoting jegas
Now the Bullish_Butterfly pattern formation ,After finding the ABC ,now lets move to D Point ,if break the 1316 ,it may comes down 1310 ,then final strong support area of 1306 ! {image}
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #27,628
  • Nov 5, 2013 11:34am Nov 5, 2013 11:34am
Quoting Smithy1
KADC, I have 4 NetDania accounts, each with 20 windows. Mine can show volume.
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 it (the icon is ghosted out) for this version. They also removed the cross-hair tool-tip requiring you to select/deselect it in a menu. Another oddity is it limits the European version of the US Dollar Index to 149 weeks or 35 months which is annoying as the current trend dates back further than that making it impossible to draw the necessary trend lines.
You can always make money tomorrow provided you don't lose it today.
  • #27,629
  • Nov 5, 2013 11:45am Nov 5, 2013 11:45am
i'm having a slow transition adjusting from bullish to bearish mindset... although i thought 1292 was our max downside target all along, now PA is showing intentions to smash down further... if it turns up that'll be better for my head but no use hoping and fighting the obvious i guess... let's see.
cryptocurrency everytime
  • #27,630
  • Edited 11:52am Nov 5, 2013 11:47am | Edited 11:52am
Quoting XTrade
KADC, Did you try "netstation?" It's fairly new so there are still to glitches mainly freezes. The volume thing may be an issue if I remember correctly. Yet nteed to double check for confirmation. Other than that no real complaints to think of ATM. XT- {quote}
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 website is better than the one I had found (except the tool icons are terrible). It's unfortunate I just spent several hours saving charts. Perhaps another day.

Addendum: I just noticed that the data feed from their own site doesn't have the one or five or however many minutes delay, so I am going to migrate over ...but not today.
You can always make money tomorrow provided you don't lose it today.
  • #27,631
  • Nov 5, 2013 12:35pm Nov 5, 2013 12:35pm
Up?
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Trade with what you see, not what you feel.
  • #27,632
  • Nov 5, 2013 1:03pm Nov 5, 2013 1:03pm
Nice!

Hopefully it can finish above 1316...
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Trade with what you see, not what you feel.
  • #27,633
  • Nov 5, 2013 2:12pm Nov 5, 2013 2:12pm
Quoting Basement
Nice! Hopefully it can finish above 1316... {image}
You trade the M1 charts on gold??

I used to trade M1, breakouts like you have in the screenshot.

Looking over the H1 chart, I see high volumes around the lows, 1305ish, telling me that there must be hella buy orders stacked there, price has double bottomed now, so I am changing to a bullish outlook.

I am not 100% sure how to trade with volumes, researching it at present, though I think I am on the right lines as most of my trades work out

What is your outlook on gold?
insideBars==boss
  • #27,634
  • Nov 5, 2013 2:53pm Nov 5, 2013 2:53pm
Quoting adamjn
{quote} You trade the M1 charts on gold?? I used to trade M1, breakouts like you have in the screenshot. Looking over the H1 chart, I see high volumes around the lows, 1305ish, telling me that there must be hella buy orders stacked there, price has double bottomed now, so I am changing to a bullish outlook. I am not 100% sure how to trade with volumes, researching it at present, though I think I am on the right lines as most of my trades work out What is your outlook on gold?

No, i use it referencing, but was interested to see how the close up price action follows the trend lines / breakouts etc.

My outlook is bullish as long as get above the downtrend resistance on the 4hr.
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Trade with what you see, not what you feel.
  • #27,635
  • Edited 4:29pm Nov 5, 2013 3:52pm | Edited 4:29pm
This is my first test for my expert for Gold
and this is the result for 1st October to 1st November
I believe that this EA can't lose because it is depend on mathematical trading not care about technical or fundamental or trend or waves
but the problem that the profit is 20% more or less on other hand manual trading can make more % of profit
Any comments or new ideas?

Edit: I Also Attached another test for 1 year - 1st Nov 2012 to 1st Nov 2013
Another thing, What is the best VPS????
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  • #27,636
  • Nov 5, 2013 7:16pm Nov 5, 2013 7:16pm
Would you guys count this as a double bottom on the daily?
Attached Image
  • #27,637
  • Nov 5, 2013 7:52pm Nov 5, 2013 7:52pm
KADC, yes the charts save - the link I use is

https://www.netdania.com/UI/UserLogi...6-439B9CD294AC

Getting logged in is not always straightforward, sometimes I have to get around a popup or log in, then go to "Charts" on the menu across the top, then select ChartStation on the left. Then recently it has been a little weird and asks me for feedback. I input a little garbage, hit send and voila! I'm in. Sounds worse than it is. Once in it has been rock solid stable. I've been a contented user for some years now and highly recommend it.

There are some tricks to usage, but beyond this short post. Hope this helps. (We could take this discussion off line, but being new to the forum I don't know how).
  • #27,638
  • Nov 5, 2013 8:35pm Nov 5, 2013 8:35pm
Just for grins, if you add $1 per calendar day from the low of $1180 at 5 pm 27th June, for today 5th November you get $1311. Right now gold is trading at $1311.

And Happy Guy Fawkes.
  • #27,639
  • Nov 5, 2013 9:12pm Nov 5, 2013 9:12pm
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  • #27,640
  • Nov 6, 2013 12:01am Nov 6, 2013 12:01am
From that little snip - no - if you had another snip next to it where the price went up and then back down to the same area - didn't break the support
and continued past the old highs (like the one in theory on the second "snip") then yes.




Quoting morfasie
Would you guys count this as a double bottom on the daily? {image}
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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