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...
Took me quite some time to build this up but the result shows a very clean sceanrio here ! Everything tends to correspond between each different timeframe and so the forecast is even more likely to occur. It shows that on the biggest timeframe, gold has made it's 5 wave impulse and is now retracing in 2 impulses . The first have been completed and we clearly...
There seems to be a strong misconception regarding the Fed Fund Rate, and it's effect on the DXY and XAUUSD. As you can see above, XAUUSD rallied over 100% when the Fed Fund Rate was raised from 1% in 2003 to 5% in 2006 (this wasn't direct, there were numerous rate hikes in between, just for the simplicity of the chart I've only added a few). When the Fed Fund...
How much should I risk on this trade? The question I get a lot in trading group. When I hear it I ask a question back to that person. How much you can afford to lose? When I enter a trade I always think about how much I will be losing, and can I afford to lose that amount. We are small planctons here and nobody cares about us, so losing one can arrive very...
As you have noticed in last 2 Educational Ideas how gold move between the Clone levels. The current reference range was identified on daily chart. It looks like we are going to trade in this range before it picks the direction. a. identied range on daily (1195.xx-1219.xx) b. Wait for range breakout Up/Down (till it breaks out of range ,scalp between levels of...
Gold usually does its moves in range before the breakout. a. identify the range after breakout ( Pink Previous range which was between 1123-1145) b. Clone the identified range which will be your current range ,in this case its 1145-1166 c. Look at left and see whether its matching any previous ranges (as marked on chart ) ( in this case the current...
Hello guys. Personally I am excited as we get closer to FOMC, and I will be trading FOMC event. I will have positions on: DXY USD/JPY GOLD SILVER EUR/USD I will manage to trade this event with High Frequency news trading machine, as HFT is back in da building, and we had a great success trading news with this machine. Last NFP was sweet as well. Since I have a...
Some basic "guidelines" about Elliott Waves. I hope that somehow help to understand how the market really moves. This is an "update" to my previous published educational chart about Elliott Waves - link below Safe trades;
I decided to expand on my gold analysis with the help of rgmov and neowave concepts. I think that the monthly downtrend is still valid, and that we will visit the projected target at 913.82 in time, which might validate the wave count on chart. I entered a pending order and got filled for a short at 1129.15, and SL at 1140.56, and also entered a sell stop at...