TAS
Long

XAGUSD about to break out of the channel

FX_IDC:XAGUSD   SILVER / US DOLLAR
364 9 16
2 months ago
XAGUSD             about to break out of the channel and start a move up after correction
2 months ago
Comment: Still bouncing at the bottom of the channel
2 months ago
Comment: Price does not seem to want to break below the channel. As was predicted on Gold and Silver Charts, The last two weeks had an uncommon correlation between Gold and Silver.
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My strategy tries to anticipate the market. If what is expected happens, a trigger will be searched for.
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happier
2 months ago
Hi mate,
You conflicted with XAUUSD analisys. How silver go upside when gold go down. They are related. Regards...
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TAS happier
2 months ago
@happier, Hi. I know that :) It's nice of you to notice. I'm redoing all my charts after the elections. For some reason the charts are telling me different things. Some basic correlations are strange at this moment like EURCAD and EURAUD.
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happier TAS
2 months ago
@TAS, You are right, after election many charts have anomaly. I think the difference between EURCAD and EURAUD when CAD increasing AUD decrease.
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happier happier
2 months ago
@TAS, there is same differences between GBPAUD and GBPCAD..
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TAS happier
2 months ago
@happier, You can check correlations here http://www.myfxbook.com/forex-market/correlation/EURCAD
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happier TAS
2 months ago
@TAS, thank you my friend, i added it my favorite web pages. :))
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TAS happier
2 months ago
@happier, you can check correlation by security and timeframe. So you can use that to avoid doubling risk
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TPparadigma
2 months ago
So based on your analysis Gold down and Silver up. Nice approach. Maybe that works out for you.
Reply
TAS TPparadigma
2 months ago
@TPparadigma, Thanks. I know they are correlated. Feel free to post your charts here it's good to share ideas.
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