Algokid
Long

Following the Trend : GOLD

AMEX:GLD   SPDR GOLD SHARES
336 13 5
One of my favorite strategy ( and most successful for me) is Trend following. It is simple and easy to implement , however not everyone can follow it due to lack of discipline and double digits drawdown.

GLD             is currently trading above it's 10 month moving average . If it closes above it's MA this week, I will go in Monday morning. To give you an idea how this strategy performed in the past ( since 2006), please see below :

Buy Sell P&L % Months in Trade

Nov 30, 2006 Aug 29, 2008 +26.90% 21
Dec 31, 2008 Dec 30, 2011 +75.67% 36
Jan 31, 2012 Mar 30, 2012 -4.25% 2
Aug 31, 2012 Jan 31, 2013 -1.84% 5

As you can see the holding time is pretty long , however , the returns are fantastic !

Cheers

Algo


www.passivestor.com

Related Ideas

Algokid PRO
2 years ago
Sorry about the formating of the table , let's try again

Nov 30, 2006 to Aug 29,2008 - Return 29.90 % (21 month in trade)
Dec 31 2008 to Dec 30,2011 - 75.97% (36)
Jan 31,2012 to Mar 30,2012 - (4.25%) (2)
Aug 31,2012 to Jan 31,2013 - (1.84 %) (5)

BTW , nothing stops you from taking the opposite trade when it closes below its MA. ;)
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I am following the futures (/GC) and we are hitting a very large down channel currently. I must see how it reacts to 1345 - otherwise, the target for Gold is still around 960ish before I can feel comfortable entering.
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Algokid PRO MarketAlly
2 years ago
Do you have a chart ? I'm curious to see what you are seeing .
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MarketAlly PRO Algokid
2 years ago
Gold Outlook


This was my chart 6 months ago - notice the red channel. I too am looking for Gold to break up - but until the channel breaks and holds - I am cautious.
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Algokid PRO MarketAlly
2 years ago
Hmm, Great chart and analysis . Thank s for sharing this.
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Algokid PRO
2 years ago
Executed @ 129.92
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Algokid PRO
2 years ago
UPDATE: Had a positive start at the beginning of the month, but I'm closing this trade @ 123.63 with a loss of - 4.84 % . Waiting for the next opportunity .

Cheers

Algo
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fcha PRO Algokid
2 years ago
close, is time to buy?
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Algokid PRO fcha
2 years ago
unfortunately GLD closed today below it's 10 Month MA, so I'm closing the trade. If however, at the end of April is once again above the MA , I will open a position. Just following the rules :)
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MarketAlly PRO Algokid
2 years ago
I expect gold to try for 1300 once more - watch for that to break and then I would consider a stop around 1268 price zone. I have an area around 1450 for it's turning point although 1364ish is my easy exit should 1300 break.
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MarketAlly PRO Algokid
2 years ago
and fyi - I think your trend line is wrong - I have a touch point at 960ish. It is why I am not eager to chase this.
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fcha PRO Algokid
2 years ago
Thank you!
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fcha PRO
2 years ago
Allgokid, thank you!
+1 Reply
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