GOLD, RECESSION AND DJIHave a look-listen. I explore what happened with Gold in relation to the DJI going back to 2008-2009. Then I'm back up to 2020.
Metals
FLASHING RED!! BRACE! 🚑😲This is serious picture emerging right now. Have a look. I'm watching what's happening with Gold in relation to the Down Jones Transportation Index, and Bitcoin. This is all coronavirus related.
In tight summary, the smart money is moving into things that store real value - the kind that's unlikely to be affected by central banks.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
GoldGold: reason for more upside. Comparison to a Pesavento gold chart. DXY: about the "100' LEVEL. Trend Lines.
Gold OilGolds...it looks like it will prove to be a bear trap...but still has to move higher. Oil did not look like a buy yesterday, but might be generating a buy signal now...but is not an easy trade ( which is why I post "tutorials" and not trades...and that way...you might end up calling me stupid, but you cannot claim that I told you to go long and lost your money ).
Gold1.20.20 Gold runs the stops. Also discussed a way to trade the smaller moves on the way up for traders who have the ability and the temperament for this kind of trading.
More detail Video 21.20.20 More detail from the previous video...possible for some trades to look to short ( and make money ) when I would be looking to be long. And they might do this because they they know where the other sellers are...and they are willing to take the trade...with a reasonable target and an acceptable risk for their trading style.
Gold1.2.20 MORE PRICE ACTION...and challenges ( and solutions ) regarding risk:reward. If you gave not looked at the previous video you should look at it as well because it relates to this video.
Some tipsSome of the way I use 382's ( and other things ); Some of the problems with shorting highs and how I handle it.
TRADING TIME FRAMES COVERED!Hi all,
I know i am abit late with the video feature but better late than neverrrr!
In this video i have covered the key trading time frames and the things you should be looking out for.
What would you like me to cover? leave your comments below and i will get back to everyone! :)
"private" chat with student12.19.19 Student senses Gold will break higher...and this may be true. I give my point of view...not to counter the student, but to add a slightly different perspective. Also (this is to my student...so don't read this ) when you are serious about a trade ( real or paper ) send me trade location, the stop, and the target...so we can work with it.
Gold DXY12.3.19 11am More happened on Gold from previous video today. At this point look for breakout failures in gold and the DXY. If you were a buyer, think about what knowledgeable sellers might be thinking...and vice versa when you are a Seller....and then adjust your target, your position accordingly.
GoldMore talk on price dynamics with gold. I think it is a decent, worthwhile video, but I ran out of time and the "probability discussion " is incomplete because the probability that this market will go higher and above that range box because of those two larger range green bars. I will elaborate on this in other videos. The point will become clear...which is that you can reliably judge probability in real time...with "enough" accuracy and not have to be a rocket scientist. Do the best you can with this...more to come later.
GOLD: This is the craziest chart on Tradingview!5 currencies compared against GOLD.
I say no more. Watch the video - and if you disagree, say so and why with some evidence!
oil goldThis is about my personal rejection of a few of the quotes ( i.e. Plan your trade, trade your plan ). How some price action is much tougher to trade and is much more difficult to hit bigger targets, or to have smaller stops ( example given...as I see it ).
gold and dollar11.19.19 A look at that complex, currently ambiguous relationship ship between the dxy and gold. I did not have time to say that I think the gold probably will go lower based on the price action and the recent correction lower followed by a weak 382 correction higher, but it also has too much risk if you use structural stops. I didn't get to this because I spent time describing how coils ( non-directional markets and indecisive buyers AND sellers ) pick up interest through a series of wash and rinse patterns of buyers and sellers ( starting with either group )....and expand ( bars and swings ) producing more volatility and opportunity.
There is also an interesting story you should Google about a lady that did it her way and turned about $1000K into well over $41M...and now has some of the best numbers in the industry with minimal risk at the time of that interview.
CoilsWho knew that a coil could be the source of so much misery.? A look at oil and DXY/Gold with respect to coils and how this can generate stress and counterproductive trading decisions.
GoldMost traders are familiar with the experience of sitting on trades for large periods of time without realized losses ( the market hasn't hit their stops...and the waiting is VERY stressful ). Recognizing that markets move in a way that drives traders to a scalping type of trading...and this can keep you from capturing the benefits of trading swings...if you could only do it.
What I did not do effectively on this video...was to emphasize that the range boxes go along for a substantial number of days...and when the market breaks lower...you have a pretty good idea of where the next level where you can find buyers...if you want to be a buyer....and even the precise entrance strategy can take a day or so to sent up...and this does not require all you time at the at the monitor if you are strategic...( but not enough time to elaborate on this video ).
