Howdi fearless gamblers. Today/Tonight/Yesterday I want to post about spreads. I have spend some time calculating them, so I thought, why not share? It does not cost me anything and it has value to you. In what is best to short term trade, this is what you must look at (correct me if I am wrong): - The volatility: if it does not move you are not going to get...
I think we might be about to see deleveraging in the market, judging by the action in the yen, together with Gold rising on falling $VIX, while $SPX peaks, but fails to advance further after $VIX fell slightly. I suspect mid term election woes plus all the barrage of bad news related to trade wars and other topics might push investors into cash. Personally I've...
My rules for trading this simple breakout pattern. 1. At least 5 points of contact within the pattern. 2. A breakout out of the pattern. This creates what I call the "Breakout Point" which is formed at the low wick of the candle. 3. Regardless of what price does after, we must see a breakout past the "Breakout Point." Regardless if we get a retest or not. Risk...
In this video I use the recent losing gold trade to talk about how to manage trades like a pro. You do this using 3 main principles 1)Risk small amounts of capital, 2)Don't over-trade, 3)Don't ignore counter-position price action.
Who wins? Bitcoin is definitely the prettier of the two xD Some info: George Soros famously called gold the ultimate bubble in 2010 due to declining interest rates which he felt would lead to the formation of asset bubbles ( link ), however didn't stop him from buying, first in 2010 ( link ) before the bubble burst and then later in 2016 ( link ). He sold off...
While trading, it is worth knowing that Japanese Yen closely follows Gold, both intraday and on bigger timeframes. Both instruments mirror each other. So, XAUUSD analysis are valid for USDJPY, only in reverse order, i.e. if XAUUSD will move up a few ticks USDJPY will move down the same distance. Safe trading! The chart above demonstrates this correlation. I chose...
Right side of the chart: See how it broke the last time? There was a retesting at the L-MLH (white) going on. Then in the middle it pierced the upsloping orange, dotted Pressure-Line. Now, compare it to the actual situation... One of my coaches in the earlier days always told me: "Before you cut meat, you must sharpen your knife". In Trading the Grindstone is...
Look what happend to silver price durring the Crash in sept 2008 and what happened after. So if economy crashes again what do u think will happen? Govt tools are not exahusted. Never underestimate the powers of govt. Those who rule make the rules
the Good Using Of Price Channel is Most Important to define a Target and reversal Zone So To Calculate a Distance Between the last rebound and using the same distance to define next Rebound and we can make it easy when we mix it with Rand S Level You can Inbox me for More Info about this strategy or Others
Take look on the Harmonic Patterns on GOLD. Shark - Gray Crab - Orange Butterfly - Yellow Crab - Orange Hartley - Green Bat - Red Cypher - Blue
Details are in the chart. After an impulsive phase, gold has been consolidating within a triangle pattern in the last 2-3 months. A break out could be possible in the near term. For more info about triangle pattern and Elliott wave, check out this link www.elliottwave.net Stay tuned !
How to trade the ABCD pattern This is an example of a bullish ABCD pattern. Ideally, Point C should be Fibonacci retracement between 61.8% to 78.6% of the A-B leg. Point D should be a Fibonacci extension between 127% to 161.8% of the B-C leg. Stop loss should be below D or previous low. Take profit can be at the 38.2% and 61.8% Fibonacci retracement of the C-D leg.
Tip of the day #1: “It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong.” George Soros We have started to share "Tip of The Days" in TradingView. If you want us to continue, LIKE this and put your Comment.
When we look at the chart. We expect a strong rally or fall because of the price action. Price in the same areas so bollinger bands are squeezing. But !!! Look at the chart 17 YEARS LONGGGGGGG Same price action. No move. God. Life time and price is same.. So Stay away from forex and other leveraged and date expiry stuff. IF you wanna buy something. Buy it....
Gold: XAUUSD 1.25% How DXY -0.25% is the gold 1.24% trader's best friend right now So far gold 1.24% has behaved in the bear-mangling mode expected of it since the dollar broke down below key support on DXY -0.25% at 94.26 (right hand chart) but it wasn't too smart to let it go again at 1290. That rally on Friday was vicious for bears - the shape of price...
On the weekly gold chart I am expecting a rest of the broken trendline as it confluences with a support level. We may pull back through it so be carefull if you any any trades here but following that a restest of the recent wave high is my first target.
This chart shows the direct correlation between gold and USDJPY. It is very easy to see.
Learn with the Lex van Dam Trading Academy on TradingView! www.tradingview.com Featured in our Trading Club, 4th July Our checklist provides a systematic process that fellow hedge fund managers and traders employ to analyse markets, from which the biggest trading decisions are made. We use similar versions to analyse major currencies, stock markets and...