XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1673 | Crypto Craft

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

  • #33,441
  • Apr 9, 2014 4:29pm Apr 9, 2014 4:29pm
Quoting JimmyC
Howzit XT all! Gold Spot 4H Back to channel up 1306 now S/R FOMC put the dollar back down and equities rallying again. next ladder entry 1315 position targeting 1430 area Seems to be more of a fundamental trade these days but the usual S/R levels are working {image}
very true... I think this could be further confirmation for the upside!

https://www.tradingview.com/x/pEITmFs2/
  • #33,442
  • Apr 9, 2014 7:01pm Apr 9, 2014 7:01pm
Quoting waleed.khan
{quote} very true... I think this could be further confirmation for the upside! {image}
Yes. There is another juicy target North. However we now have a triple top on the 4H chart which needs to be broken. The target at 1343 is interesting as it is close to the 61% retrace which Gold loves to hit.
Today however I am playing it the same as yesterday on the 15 Min chart. Short to the Daily pivot with a possible retrace right down to 1304.
Such choppy action could mean a top is in OR it's just gathering strength for another drive up..??
Attached Image(s) (click to enlarge)
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Money Makes Money
  • #33,443
  • Apr 9, 2014 7:08pm Apr 9, 2014 7:08pm
Quoting rexxen
{quote} Hey Kiwi Im kiwi lol... I too have been impressed with your method and a couple of months ago tried it out in demo, my results were ok, but I seem to draw lines in different places to you as I was following what the pdf said. I think a new thread for your system would be great and help us to learn and perfect your system! cheers rex
Cheers mate. In a coupla weeks I will be away for a coupla weeks. So when I get back I will consider it.
Money Makes Money
  • #33,444
  • Apr 10, 2014 1:52am Apr 10, 2014 1:52am
The trend is your friend.........
Attached Image (click to enlarge)
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Money Makes Money
  • #33,445
  • Apr 10, 2014 4:09am Apr 10, 2014 4:09am
Quoting MrBurns
Gold now pushing for 1.618 extension target of 1325 @ H1/H4 Fibonacci swing. Didnt quite reach an entry at 1290, but the 38.2 retracement shows the strength of the BULLs at the moment. {image} {image}
Target Achieved
Attached Image (click to enlarge)
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  • #33,446
  • Apr 10, 2014 4:50am Apr 10, 2014 4:50am
Quoting MrBurns
{quote} Target Achieved {image}
Money Makes Money
  • #33,447
  • Apr 10, 2014 7:23am Apr 10, 2014 7:23am
So, i'm getting this common error on MT4 from the morning and broker is asking where do you see the common error on MT4. It's a good sign. Seems like i'm finally learning. LOL
A trade should be based on an assumption based on facts
  • #33,448
  • Apr 10, 2014 7:27am Apr 10, 2014 7:27am
Quoting Mave
So, i'm getting this common error on MT4 from the morning and broker is asking where do you see the common error on MT4. It's a good sign. Seems like i'm finally learning. LOL
!!!!!!!!!!!
Attached Images
Money Makes Money
  • #33,449
  • Apr 10, 2014 7:34am Apr 10, 2014 7:34am
and then i said i'll have to close my account and they asked my account no.. so cute ! however, the connection to the chat couldn't be established after sometime.
A trade should be based on an assumption based on facts
  • #33,450
  • Apr 10, 2014 7:46am Apr 10, 2014 7:46am
Quoting MrBurns
{quote} Target Achieved {image}
Good one.
Elliott Wave for optimum entry, exit and risk management of trades
  • #33,451
  • Apr 10, 2014 7:54am Apr 10, 2014 7:54am
Quoting Mave
and then i said i'll have to close my account and they asked my account no.. so cute ! however, the connection to the chat couldn't be established after sometime.
!!!!!!!!
Attached Image
Money Makes Money
  • #33,452
  • Apr 10, 2014 8:54am Apr 10, 2014 8:54am
Now things are good, MT4 is working, i'm looking for a long with 1330+ targets.
A trade should be based on an assumption based on facts
  • #33,453
  • Apr 10, 2014 8:57am Apr 10, 2014 8:57am
H KiwiOz,

Your method of calculating targets is not dissimilar to calculating targets using Point & Figure charts.

Quoting KiwiOz
The trend is your friend......... {image}
  • #33,454
  • Apr 10, 2014 6:59pm Apr 10, 2014 6:59pm
Quoting caldera
H KiwiOz, Your method of calculating targets is not dissimilar to calculating targets using Point & Figure charts. {quote}
Never used them.. What do they look like.??
Money Makes Money
  • #33,455
  • Apr 11, 2014 3:05am Apr 11, 2014 3:05am
15M. simple continuation.
Attached Image (click to enlarge)
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A trade should be based on an assumption based on facts
  • #33,456
  • Apr 11, 2014 5:46am Apr 11, 2014 5:46am
Gold prices are restricted by $1330 - $1335 resistance zone while Silver seems capped by 20.60 level for the near term.
  • #33,457
  • Apr 11, 2014 7:11am Apr 11, 2014 7:11am
Quoting Fx_Anil
Gold prices are restricted by $1330 - $1335 resistance zone while Silver seems capped by 20.60 level for the near term.
I hope you mean 20.3 - 20.4
A 1 pip gain is better than a 1 pip loss.
  • #33,458
  • Apr 11, 2014 8:36am Apr 11, 2014 8:36am
cannot understand what today's PA is about. someone please explain.

fridays are turning to be buy the lows, sell the highs.
A trade should be based on an assumption based on facts
  • #33,459
  • Apr 11, 2014 9:03am Apr 11, 2014 9:03am
Sleepy price action. zzzz

1325 seems to be resisted.
The true fact is market doesn't care, risk mgt is important.
  • #33,460
  • Apr 11, 2014 9:04am Apr 11, 2014 9:04am
Quoting Mave
cannot understand what today's PA is about. someone please explain. fridays are turning to be buy the lows, sell the highs.
bear bull battle or consolidation for longer term trend direction.
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