Silver Charting and Silver TA Chat

Discussion in 'Silver' started by Azure, Jun 24, 2012.

  1. Dustin

    Dustin New Member

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    Maybe I'm wrong, but I'm seeing a nice looking cup-and-handle on the 6 month silver chart..

    Maybe one of the more experienced T/A people could confirm or deny my thoughts?
     
  2. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Something has to give soon.....

    [​IMG]
     
  3. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

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    ^
    Pls...we been at the bottom too long :D
     
  4. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Looks like its going down...
    Support busted?

    [​IMG]
     
  5. Miloman

    Miloman Active Member Silver Stacker

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    Looks dire.

    Oh well more buying ahead :D

    Yeah by my count we could have a 1= 5 but with the impulsive nature of this move, seems bad.

    Technically low was 18.21 USD next level below that looks on the surface like no man's land.

    So not busted until a solid break of 18.21 and confirmation it's not a fake out.
     
  6. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    Agree ^^^ Fib 2yr weekly, shows strong support here. If silver bust through the 18.20 support ... Hell, in no mans land. :(

    [​IMG]
     
  7. Miloman

    Miloman Active Member Silver Stacker

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    Nice swing higher. Moving quickly through resistances, breaking through short term trend top very convincingly.

    I'm sticking to my guns on the count if correct, nailed the low.

    We now need to break this KEY area and we have more blue sky and sunshine ahead.

    Exciting times people, exciting times!
     
  8. dragafem

    dragafem Well-Known Member Silver Stacker

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    I wish I could understand those graphs... all I see is line.one connects the dots like this the other like that :/
     
  9. Aureus

    Aureus Active Member Silver Stacker

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    basically what a trend line is, joining the dots, no real science to it.

    look at the chart BB posted, something out of the norm just happened.
     
  10. finicky

    finicky Well-Known Member Silver Stacker

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    Lot of free info on the net about charting, e.g at stockcharts.com, Wikipedia, and just by googling terms. I suspect most are autodidacts like myself. Sometimes a trendline break is significant, sometimes its just another blip on the road to nowhere. Commentators sometime try to tidy things up by calling a break that goes nowhere a 'false break' - makes things seem less random.

    A trend is an imaginary line joining the peaks or the 'troughs' of a price development over time. Price should touch the trendline 3 times for the line to be valid but this is a loose rule. It is quite strange how often prices obey these trendlines. A downtrend line joins the peaks of price, an uptrend line joins the troughs (lows) of price. When a price occurs outside the trendline you might see significance in that - why has the rate of ascent or descent of the price been broken?

    It's not science, it's more tea-leaves and intuition and an effort to find form and make predictions out of chaos. Irresistible.

    E.g. Google "charting" then the term:
    Trend line, uptrend, downtrend, trend channel
    continuation pattern, topping pattern, bottoming pattern
     
  11. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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  12. trew

    trew Active Member Silver Stacker

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    The squiggly line went above the straight line
     
  13. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    Im not terribly familiar with this occuring, should I say yay yet or is it one of those deadarse cat bounce thingys?
     
  14. alor

    alor Well-Known Member Silver Stacker

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    just like how a squirrel cross the road from trees
     
  15. dragafem

    dragafem Well-Known Member Silver Stacker

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    out of norm because it went up instead of down as it should have?....
     
  16. Aureus

    Aureus Active Member Silver Stacker

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    Basically, while breaking through any possible resistance levels between $20 - $20.50 with ease.
    You can see that with a shorter term trend:

    So now your next figure to look at is t$22ish I guess,2014 highs. If it fails to hold $20 though... then we go back to thinking about $18 silver.

    [​IMG]
     
  17. thatguy

    thatguy Active Member

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    FWIW I will be selling silver when and if gold breaks $1180 and hopefully buying at $14.70 stop just under $13.85
    [​IMG]
    All imaginary silver of course :D
    If i'm wrong I can console myself with the knowledge that it is not money after all just currency :p

    ;(
     
  18. thatguy

    thatguy Active Member

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    Fractals and bubbles
    [​IMG]
    Visual rep. of fractal
    [​IMG]
     
  19. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    ^^^ Not sure if above is serious, but what's the track record for fractal analysis over various time periods in the silver market?

    I found one article on SilverSeek that turned out to be a bit optimistic, b


     
  20. thatguy

    thatguy Active Member

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    no what i'm saying is it looks like the "classic bubble chart" is a fractal. So asking are we in a dispear or bear trap not very useful as most probably it is both
     

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