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

  • #33,181
  • Mar 28, 2014 2:35am Mar 28, 2014 2:35am
Quoting spinozagr
{quote} cant say that...i am talking about what my charts shows... maybe later in London session would have a different story... but at the moment the things getting "longer"
There were talks between the US and the Saudis behind closed doors to drive down oil prices to pressure Russia. Russia has a lot of Gold. I think that they may want to drive down gold prices as well to pressure Russia as well. They plan to use a financial attack on Russia instead of a military one via oil,their local currency and via Gold.
  • #33,182
  • Mar 28, 2014 2:37am Mar 28, 2014 2:37am
Quoting stylinex
{quote} I am in at an average of 1296.98 would be nice to see it above 1300
look, depends on tf you use... for me is a very good price for medium term trading... my sentiment is that next month will be bullished...lets see

below is the pivots i was talking about...R1 & R2
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The good thing with the future is that it is progressively approaching...
  • #33,183
  • Mar 28, 2014 2:45am Mar 28, 2014 2:45am
Quoting stylinex
{quote} There were talks between the US and the Saudis behind closed doors to drive down oil prices to pressure Russia. Russia has a lot of Gold. I think that they may want to drive down gold prices as well to pressure Russia as well. They plan to use a financial attack on Russia instead of a military one via oil,their local currency and via Gold.
intersting story...thanks for sharing... lets see how PA will behave... in general, although i take into account such an information i dont speculate...prefer to see the prices...

but its really interesting information..thanks again
The good thing with the future is that it is progressively approaching...
  • #33,184
  • Mar 28, 2014 2:52am Mar 28, 2014 2:52am
Quoting spinozagr
{quote} look, depends on tf you use... for me is a very good price for medium term trading... my sentiment is that next month will be bullished...lets see below is the pivots i was talking about...R1 & R2 {image}
Thanks, I am still learning the charts. So I look at all the posts and graphs here of which many here post. Thank you for sharing your graphs and posts.

Have you compared the month of April over the last few years?
  • #33,185
  • Mar 28, 2014 3:01am Mar 28, 2014 3:01am
Quoting spinozagr
{quote} cant say that...i am talking about what my charts shows... maybe later in London session would have a different story... but at the moment the things getting "longer"

@spinozagr : i like your view and your analytical.
So do u think the price will still drop more? or getting "longer"?
i see that it has possibilty to 50% level of Fibo retracement on 1287.00
The Force is with me.. Im One With the Force..
  • #33,186
  • Mar 28, 2014 3:02am Mar 28, 2014 3:02am
No i have not... do not believe in seasonal trading... but this is rather a matter of philosophy...
The good thing with the future is that it is progressively approaching...
  • #33,187
  • Mar 28, 2014 3:06am Mar 28, 2014 3:06am
Seems like the Asian session has seen traders buy at seemingly bargain prices; I am of the view that the downtrend will continue through London session and be amplified during NY session. Holding short from yesterday 1298 SL 1308, daily SL move if LHLL
  • #33,188
  • Mar 28, 2014 3:13am Mar 28, 2014 3:13am
Quoting Goldenshot
{quote} @spinozagr : i like your view and your analytical. So do u think the price will still drop more? or getting "longer"? i see that it has possibilty to 50% level of Fibo retracement on 1287.00
wow...the bears appear like a bull in a glass-store in the london session.... lets see...

Golden, of course there is possibility to see 128x... for me we have to close below the MA20 to close my long and turn short...
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The good thing with the future is that it is progressively approaching...
  • #33,189
  • Mar 28, 2014 3:19am Mar 28, 2014 3:19am
Quoting spinozagr
{quote} wow...the bears appear like a bull in a glass-store in the london session.... lets see...
Golden, of course there is possibility to see 128x... for me we have to close below the MA20 to close my long and turn short... {image}
Ah im agree with that, if the candle move successfully pass through 1300 then it possibly recover to 1306, however from recent graph show that it will be slide down to 128x
The Force is with me.. Im One With the Force..
  • #33,190
  • Mar 28, 2014 4:03am Mar 28, 2014 4:03am
well the good thing is that managed to remain above MA20 and at the same time USDJPY is marginally under MA20 (see graph)

the bad thing is the tempo that bears show... lets see what the upcoming hour will reveal
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The good thing with the future is that it is progressively approaching...
  • #33,191
  • Mar 28, 2014 4:15am Mar 28, 2014 4:15am
first attempt to break
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The good thing with the future is that it is progressively approaching...
  • #33,192
  • Mar 28, 2014 5:00am Mar 28, 2014 5:00am
Well, good PA for bulls but Closed my long... dont like the usdjpy...
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The good thing with the future is that it is progressively approaching...
  • #33,193
  • Mar 28, 2014 5:17am Mar 28, 2014 5:17am
Quoting spinozagr
Well, good PA for bulls but Closed my long... dont like the usdjpy... {image} {image}
I don't understand the correlation, currently seems negligible according to http://www.forexticket.biz/en/tools/01-01-correlation , could you please elaborate? Thanks mate.

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  • #33,194
  • Mar 28, 2014 5:25am Mar 28, 2014 5:25am
Quoting chaosclio
{quote} I don't understand the correlation, currently seems negligible according to http://www.forexticket.biz/en/tools/01-01-correlation , could you please elaborate? Thanks mate. {image} {image}
your graph mate is correct... but i am not using short TFs... because of whipsaws

I have in my mind the overall coefficient correlation that is -85%.

Sorry if i confuse you... hope that my answer helps you
The good thing with the future is that it is progressively approaching...
  • #33,195
  • Mar 28, 2014 5:34am Mar 28, 2014 5:34am
Quoting spinozagr
{quote} your graph mate is correct... but i am not using short TFs... because of whipsaws I have in my mind the overall coefficient correlation that is -85%. Sorry if i confuse you... hope that my answer helps you
Yeah mate no worries! Just saw your 60 min chart you posted which was the confusing part with correlation I was thinking of, up to weekly seemed to be no issue. Green pips to ya!
  • #33,196
  • Mar 28, 2014 5:40am Mar 28, 2014 5:40am
Can not even take short position due to these two green RENKO candles...

Very tricky situation...
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The good thing with the future is that it is progressively approaching...
  • #33,197
  • Mar 28, 2014 6:00am Mar 28, 2014 6:00am
Good sign for bulls:

this inside (almost) straigh Line inside the box USALLY means the near end of the trend and the beggining of a reverse prosess...
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The good thing with the future is that it is progressively approaching...
  • #33,198
  • Mar 28, 2014 6:01am Mar 28, 2014 6:01am
Happy with how P.A is holding off recent downtrend resistance, some buying but it really is quite suppressed, building pressure for another move down during NY session IMO.
Will not be holding short over the weekend tho, anything can happen in Ukraine/Crimea over the weekend that would destroy any position either way prior to reopen next week...
  • #33,199
  • Mar 28, 2014 6:13am Mar 28, 2014 6:13am

Long AGAIN. Silver/Pound. Bulls are here. £14 per ounce before May.


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  • #33,200
  • Mar 28, 2014 6:24am Mar 28, 2014 6:24am
Quoting spinozagr
Good sign for bulls: this inside (almost) straigh Line inside the box USALLY means the near end of the trend and the beggining of a reverse prosess... {image}

spino: do you see mb + ib + ib ?
imho - the price will break out soon



Quoting spinozagr
Can not even take short position due to these two green RENKO candles... Very tricky situation... {image}
mate: u r good with various trading tools as i noticed. i wish i knew how to read renko
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