Following the Trend : GOLD

338 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 !



Allgokid, thank you!
+1 Reply
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 .


fcha Algokid
close, is time to buy?
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 :)
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.
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.
fcha Algokid
Thank you!
Executed @ 129.92
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.
Algokid MarketAlly
Do you have a chart ? I'm curious to see what you are seeing .
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