FX:XAUUSD   Gold Spot / U.S. Dollar

1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) XAUUSD             has a cumulative probability of a =>7th day lower at 0.3%, hence there is a implied 99.7% chance of reversal on the daily.

2. Technically there is also some nice structure about the 1250 level.

3. Fundamentally I think risk is priced very cheaply here, although risk-off assets on the year are still heavily bid up some 20% even at these levels thus a pull back may be justified - nonetheless for this particular strat trade this is less relevant given the tactical nature

Trading Strategy:

1. Sell XAUUSD             at market in 1xlot, and add 2x on each daily close higher from here. Start in VERY small lots to reduce risk and ensure you can add on adverse moves lower (it could be several days). TP is the next/ First daily close higher.

Any questions please ask - also see performance attached of recent trades using the same stats
We'll probably have a santa rally just like last year if trump loses then the crash in Equity will due. 10-20% correction

Im waiting for BOE nov trying to bring out their last card on the table with lower rate and more easing.

I think gold still have room below but 1250 is definitely a good spot otherwise i have 1232 -1220 as reference
Market sentimental totally changed... Stop out
1. Obama ministry wanna kill Trump
So NMI PMI damm good + NFP from intial continue claim guaging
2. UsdJPY , risk on mood...

What I learned past month is that the market sentimental overtake by expectation of 2Q ahead
25% year ahead 60% 2Q ahead 15% now mood.
Please, let me know your thoughts
this strategy is highly in the money now.. have to be patient for the probability to come through
I entered my position end of the last trading day.
Yup ive just got in now!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out