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

  • #41,781
  • May 28, 2017 8:04pm May 28, 2017 8:04pm
I'm hoping silver does similar
but if not SL is positive
I will get my head around this, but always can be wrong
  • #41,782
  • May 28, 2017 10:14pm May 28, 2017 10:14pm
Inserted Video
  • #41,783
  • May 28, 2017 10:56pm May 28, 2017 10:56pm
Well EURO and GOLD has negative correlation at the moment since the 25th.
So I guess if the GOLD gets stronger, then EURO gets weaker and vice versa.
This is not investment/trading advise. Will not hold accountable for loss
  • #41,784
  • May 28, 2017 11:00pm May 28, 2017 11:00pm
Gold Daily SR

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This is not investment/trading advise. Will not hold accountable for loss
  • #41,785
  • May 28, 2017 11:46pm May 28, 2017 11:46pm
Quoting yousername
Well EURO and GOLD has negative correlation at the moment since the 25th. So I guess if the GOLD gets stronger, then EURO gets weaker and vice versa.
Ok just recently EURUSD went up and XAUUSD went up. So now they are in the same correlation which is what we want.

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This is not investment/trading advise. Will not hold accountable for loss
  • #41,786
  • May 29, 2017 12:05am May 29, 2017 12:05am
  •  dweex
  • Joined Mar 2017 | Status: Strategi ABC (Asal Biru Close) | 44 Posts
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Go Green
  • #41,787
  • May 29, 2017 12:56am May 29, 2017 12:56am
Not far (2 sleeps for me) till the end of the month.

Is anyone keen to predict the final months candle shape?
  • #41,788
  • May 29, 2017 12:57am May 29, 2017 12:57am
Quoting ajacid
Not far (2 sleeps for me) till the end of the month. Is anyone keen to predict the final months candle shape?
Doji, likely similar to what we had on March
This is not investment/trading advise. Will not hold accountable for loss
  • #41,789
  • May 29, 2017 1:03am May 29, 2017 1:03am
XAUUSD yearly chart

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just do it
  • #41,790
  • May 29, 2017 1:48am May 29, 2017 1:48am
Gold Monthly
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  • #41,791
  • May 29, 2017 3:39am May 29, 2017 3:39am
Quoting yousername
Well EURO and GOLD has negative correlation at the moment since the 25th. So I guess if the GOLD gets stronger, then EURO gets weaker and vice versa.
On what time scale and what is correlation period?
  • #41,792
  • May 29, 2017 3:43am May 29, 2017 3:43am
Quoting yg10
{quote} On what time scale and what is correlation period?
H1 please see the quote below

Quoting yousername
{quote} Ok just recently EURUSD went up and XAUUSD went up. So now they are in the same correlation which is what we want. {image}
This is not investment/trading advise. Will not hold accountable for loss
  • #41,793
  • May 29, 2017 3:45am May 29, 2017 3:45am
Quoting yg10
{quote} On what time scale and what is correlation period?

FRom the 26th we had negative correlation
But slowly it started to become correlated.

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This is not investment/trading advise. Will not hold accountable for loss
  • #41,794
  • May 29, 2017 3:58am May 29, 2017 3:58am
Quoting yousername
{quote} FRom the 26th we had negative correlation But slowly it started to become correlated. {image}
Thanks. I see 1 hour ale and sort of visual correlation.
Here is hourly chart with correlation coefficient (corr. period = 48 ).
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  • #41,795
  • May 29, 2017 4:00am May 29, 2017 4:00am
Quoting yg10
{quote} Thanks. I see 1 hour ale and sort of visual correlation. Here is hourly chart with correlation coefficient (corr. period = 48 ). {image}
cool indi mate. Please do you mind to share it? Thank you
This is not investment/trading advise. Will not hold accountable for loss
  • #41,796
  • May 29, 2017 4:02am May 29, 2017 4:02am
But 1 hour is two small time for corr. coefficient. On weekly, there is strong positive correlation.
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  • #41,797
  • May 29, 2017 4:07am May 29, 2017 4:07am
Quoting yousername
{quote} cool indi mate. Please do you mind to share it? Thank you
Sure. I downloaded it here: http://www.pointzero-trading.com/Pro.../PZCorrelation
And also attaching it.
Attached File(s)
File Type: ex4 PZ_Correlation.ex4   27 KB | 626 downloads
  • #41,798
  • May 29, 2017 4:14am May 29, 2017 4:14am
Quoting yg10
{quote} Sure. I downloaded it here: http://www.pointzero-trading.com/Pro.../PZCorrelation And also attaching it. {file}
Thank you!
This is not investment/trading advise. Will not hold accountable for loss
  • #41,799
  • May 29, 2017 3:45pm May 29, 2017 3:45pm
M30

Over===>@1268.7===>1271.xx====>1274.xx
Below===>1265====>1259.5===>1254
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if you my trade,My-post analysis, subscribed to ME
  • #41,800
  • May 29, 2017 7:29pm May 29, 2017 7:29pm
tracking gold trade setups - going well as expected.. nice when they behave so well for us..
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Wave-Trader- Charts as DocHolliday on Tradingview also
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