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Commodities

Pattern Analysis; incorporating timeframes (USOIL)Understanding trends within a pattern gives analysts the ability to better understand sentiment and directional pressure. In this example, pattern extremities were highlighted. Then, on a lower timeframe, trends within said pattern drawn. Overlaying timeframes is a necessary part of a complete analysis, and a complete commodity analysis can help piece together economic factors affecting commodity-sensitive currencies such as CAD and AUD.
TVC:USOILEducation
by TRADINGTRADER22222
2
Correlation Coefficient + CCIPictured above is a graph of Royal Dutch Shell vs brent crude, the correlation coefficient between them, and the commodity channel index tracking the volume weighted moving average of Shell. I tested this indicator on a few energy stocks: RDS, MRO, BP and XOM. Negative correlation between brent crude and an energy stock coupled with an overbought CCI seems to give an indication of price reversal. Here we see two overbought CCI readings coupled with negative correlation, both followed by massive drops in the price of BCO and RDS. Likewise we see negative correlation coupled with upward CCI readings pointing to massive price rises in RDS. Seems to work on daily time frame as well but indicator length will need to be tweaked accordingly. Correlation coefficient going negative is an indication of pricing inefficiency and momentum potential, but does not give us an indication of price direction. The commodity channel index can give us a sense of where price momentum is pointed. Both put together give us a powerful indicator capable of foreshadowing both momentum and direction.
REducation
by Derivati_Capital
BTG Bitcoin Gold - Full retraceNot financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. In our friendly group, we took a close look at Bitcoin Gold back around August 2018 and hopefully at this point everyone has seen the BTGUSDLONGS chart. I don't want to get into that right now, but feel free to take a look if you'd like. We watched the flat top wedge form and traded the breakout. There was some crazy price action at the top (as you can see by that crazy candle) and we got out. Now we're sitting at almost a 100% retrace, so the question is... are we done here and finding a good support or are we going to continue more red. My gut feeling is we're going to fail this support and fall more but it depends on what the price action is doing. What I can see right now is yesterday there was plenty of buying but more selling (causing a long wick on top of the small candle body). Similar candles can be seen in the immediate past (within the last 2 weeks). This does not look good for BTG. I said I wouldn't get into the BTGUSDLONGS chart but here I go anyway. If that person decides to unload that position, they hold such a large position it will likely crash the price of BTG and fast. All in all, I would stay away from Bitcoin Gold until it decides what it wants to do. Trade safely my friends <3 -CE-
BEducation
by bitdoctor
Gold - Multi Year view -why is this week important(4th Feb 2019)Disclaimer - I am new to technical studies and learning everyday. Please share your views, it will help me to learn better. After reviewing GOLD multi year chart I see the following: 1. Oct 2008 @ approx $682 and high in Aug 2011 @ approx $1919 2. Retracements upward since Aug 2018 at exactly .618 level 3. Now broke .50 level last week at approx $1302 level 4. This week, it should pullback upto .50 level. From here if it breaks above ( probably inside bar breakout) then we should target next Fib level. Hurdle before it will be a trend-line coming down supported by another trend-line upward providing ample trading opportunities. Share your views and help me learn further. Thanks
FX:XAUUSDEducation
by ABFX6
2
Ben Wright's 3 Essential Trading Routines!! MUST SEE!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Below are 3 essential trading routines that i follow on a daily basis. This has been a critical component to my success. Morning Routine 1. Meditation (10 Mins) 2. Gratitude 3. Trading Affirmations (2 Mins) • I am a successful trader • I have a very strict risk management plan • I use a trading journal • I am unemotional about profits or losses • I am patient and let high probability trades present themselves to me • I am happy to take a profit and will not be greedy • I have an edge and I trade it effectively and decisively • Losses are a part of my trading • I am relaxed and confident about my trading at all times • I do whatever is necessary to win at trading • Discipline means I follow my trading rules and manage my risk • I am highly focused • I am in total control at all times with my trading • I am a master trader • I am not stressed about relying on trading money to provide for the family 4. Visualization (Goals & Perfect Trading Day) (10 Mins) 5. Priming – (30 – 60 Sec cold shower) Shocks your body system and activates endorphins 6. Motivation & Stretching (10 Mins) Pre-Trading Routine 1. 3 Deep breaths 2. Gratitude Night Routine 1. Read (30 Mins) 2. Affirmations (2 Mins) 3. Gratitude 4. Visualization (Goals & Perfect Trading Day) (10 Mins) Happy trading :) Follow your Trading plan, remained disciplined and keep learning !!
FX_IDC:USDWTIEducation
by SMPTrader
5
Atomic #79. Let's go on a journey...It was the summer of 1997 in Des Moines, Iowa (my old hometown). Des Moines is a smaller city in the center of Iowa surrounded by corn fields, barns, cows, horses, pigs and baseball fields. Life was good and simple. I was 16 years old. AOL dial up was around for a few years and all you could really do was email, which was too slow and cumbersome at the time. I drove a 1980 4-door Honda Accord pushing 95 horse power that was in flawless condition with automatic windows, air-conditioning and an 8 track CD changer. It was a real panty dropper. It was the year I had my first taste of alcohol and hated it. I had my first kiss and loved that. It was the year I fell in love and then fell out. I was a successful track and field athlete at the state and national level. Most households still had multiple landlines. There was usually a common phone in the house and then my sister and parents had their own lines in their bedrooms. My friends and I would spy on my sister's phone conversations by finding an open phone in the house and ever so carefully lifting it off the jack. The key word here is carefully you see so that the person on the phone thought they were having a private conversation. If you lifted too quickly it would make a clicking noise and then.... busted!!! There was no such thing as speaker phone so you'd need to do a football huddle to hear what was being said. We still had huge phone books that would be delivered every year and yes, people actually used them. This was our version of Google at the time. I wasn't a huge gamer, but I still had my original Nintendo with Mike Tyson Punch Out, Contra and etc. High Definition didn't exist so people still looked good without make up on television. I was a huge Chicago Bulls fan and Michael Jordan, Scottie Pippen, Phil Jackson, Dennis Rodman, etc. was around. I believe this is the year they were going for their 5th NBA Championship. We had a computer in our house, but it was more like one of those bulky old television sets that came with a keyboard and mouse. I would use it to type my book reports for school, print it off and that's all it was useful for. Essentially an upgraded typewriter. I still remember the weird noise it would make when I would have to save a document to a floppy disk and the process took several minutes. Yes - for a 10-page report. Gold's element symbol is Au and atomic number 79. These were my atomic #79 moments growing up as a kid. Life was simple. No Wi-Fi. No Facebook, Instagram or Twitter. No real worries about privacy because big data wasn't really a thing back then. Life for me was about being in nature, running, hanging out with friends and pondering what we wanted to be when we grew up. You never know you’re living in a golden moment until you’re not. I’m grateful for the life I have right now, but there is a side of me that longs to be naïve again. To think the world is a good place. People are good. Governments are good. Old people (in their 30’s) who actually have jobs are smart and inspired about what they do. You can be anything and everything you want to be in life if you just work hard enough. To drive a 1980 Honda Accord and still have girls look at you. That's Atomic #79 bro. Gold is forged from the greatest energy events in the universe. Supernovas, the death event of a collapsing star, where the energy explosion is so powerful that our scientific instruments can detect these gravitational waves billions of light years away. It is thought earth obtained most of its elements from these supernova events during its formation 4 Billion years ago. The amount of Gold that has ever been mined in the history of mankind could fit in an Olympic size swimming pool. People who say Gold is just a shiny piece of metal that only has value because we HUMANS say it has value. How arrogant and narrow minded can we be? Gold has a power that is unlike any other material. It has a certain energy about it. If you’ve ever held a gold bar of material size and weight you’ll quickly realize you aren’t dealing with anything normal. You feel it’s intrinsic value. There’s a particular respect between your human senses and that of the gold you are handling. Almost like we're intertwined with it on some molecular way. The ancient people felt the power of gold way before advanced technology. The US Dollar has the world’s respect as it’s the global reserve currency. Many assets and commodities are priced in USD worldwide. But it’s the making of mankind with a century old history. We print as much or as little as we want to “control” the markets greed and fear. Gold is literally the making of the universe with a 14-Billion-year-old history. The value of a $20 million-dollar Picasso painting isn’t just wrapped into the art piece you are buying. When you buy a Picasso, you’re buying into the history of Picasso. You’re buying into his legacy, his personal faults and his triumphs of what made him a creative genius. But like the US Dollar it can disappear. Gold will never disappear. It can't be destroyed. Gold will always have power over Bitcoin because of this history. Cryptography and math were invented by man. Not by the Gods. Bitcoin or something like Bitcoin is better money. Math is more objective while man is more emotional. But money is just a unit of value created by man. But like Bitcoin if you don’t actually possess the gold…you don’t really own Gold. You own the idea of Gold via a certificate or ETF. That is a huge difference. When you look back on the life you lived, the chances you didn’t take, the wins, the losses, the regrets you’ll quickly realize one thing. All we are and ever will be is history. Our intrinsic value comes from the history we create. The blockchain is the first time in HUMAN history we can say the Truth is the absolute Truth. That’s an undeniable fact. However, Gold has never had this problem. Its history goes back to the beginning of time. When the first star died billions upon billions of years ago and spewed its guts to create an element that gave us our first and original blockchain. So, when you consider the trading chart above remember it’s mankind’s Greed and Fear that creates this inverse relationship between Gold and the US Dollar. If you’re a crypto-maniac like me you’ll realize gold is the longest immutable and censorship resistant blockchain created, not Bitcoin. But it goes beyond any doubt technically or fundamentally that both blockchains are way undervalued! We have for the first time an invention by man that can record history as absolute truth. And when you think of our lives or mankind's lives, it's this truth in history that we all every value and fight for. If you're a speculator be patient and wait for interesting prices. When thinking about going into a trade calculate first how much money you could lose vs. make. Best Regards, Bobby -Don't hate the hair, hate the game.
FX_IDC:XAUUSDEducation
by UnknownUnicorn1615160
MUST READ!! Best Trading/Investing books to Read!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Brett Steenbarger “Routine is necessary for efficiency; breaking routine is necessary for adaptation.” Trading/Investing books that I highly recommend. Some of them are listed below; 1. Brett Steenbarger's books 2 . Van Tharp's books 3. Pit bull 4. Millionaire Traders 5. Think and Grow rich 6. Trade mindfully 7. Emotional Intelligence 8. The power of habit 9. The art and science of TA 10. Alexander Elder's books 11. Mark Douglas Books 12. The way to trade 13. Mean market and lizard brains 14. When markets collide 15. When genius fail 16. As you think 17. The power of your subconscious mind 18. Dark pools 19. Way of the turtle This is a just a handful of books to get your started :) Happy Trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :)
TVC:GOLDEducation
by SMPTrader
12
Gold Update: How To Be "Right" When You Are "Wrong"! Does that headline make you go "HUH"? How can you be right when you are wrong? Simple. I was wrong in my analysis as to what was to happen yet I was right because I went SHORT on Gold based on my "wrong" analysis. Got that? Actually, this happens many times to me and I'm very happy to admit that. You see, there's a method to that madness. Let me explain... I've been LONG Gold since Nov of last year. In fact, I already closed one long trade for good profits. And I still have another trade STILL LONG and still open. Yet, as you might see in the 1HR chart on the left side, I went SHORT on Gold just recently. Why did I do that? First, yes, you may look at that and say its a hedge but that's just perception. It is technically a hedge but the way I view these trades and in fact, ALL trades I take and send out, I treat each as SEPARATE trades each as its own trade. And I manage each trade on its own with no regards to the hedge. With that said, the reason I took the short trade is because my analysis on the overall trend move higher places it in a correction at this time but it should still continue higher after this correction is done. But when analyzing this correction, I identified a good SHORTING opportunity and took the trade. But back to my headline about being "right" yet being "wrong"... Here's one my analysis that I made and tweeted out where I took the SHORT trade: As you can see on the date on that chart that I tweeted this out 2 days ago and here's what I said: "Sell GOLD SHORT TERM trade. This trade for the wave y down. My LONG trade is still in play so this is a hedge but is a trade on its own same as the active LONG trade that is +650 in profit." So because of that analysis, which of course now we can see I was correct, I went SHORT. BUT, here is what I just tweeted yesterday as an update on this Gold correction: You can see the date on that chart was yesterday. I was projecting a complex flat with an ending triangle which is a very common wave 4 corrective structure. Well......as you can tell by the current chart above that this was WRONG! But still, that "WRONG" projection kept me in the SHORT trade and here we are....SHORT and in profit..... This happens more often than you know but it works well...IF you are willing to do the work! You see, when I analyze charts and possible trades, I always look at things several ways and look at ALTERNATIVE possibilities. And when those differing scenarios agree on the direction despite being different in their projections, then I have much more confidence in the trade I am taking. Hope this helps and inspires... For more info on Gold and other charts, just PM me.
FX:XAUUSDEducation
by EverythingForex
Generalized Moving Average Kernels A moving averages is a very simple concept that traders often take for granted and do not consider the inner mechanics of. In a very generalized sense a moving average for the last n periods is something that combines the past n values with unique weightings for each value. The real power of a moving average is in how those weightings are chosen. In a larger sense our choice of weightings is called a "kernel" or an "envelope". So if we consider a simple moving average all the weightings are the same, which means that our calculation equally considers past price action and current price action, this has a flat kernel. A weighted or linear moving average (wma) has a kernel that is shaped like a line and is decreasing as the distance from the current bar increases that takes the form of y = mx+b. This means that the weighting is higher for more recent bars and less for historic bars; increasing the slope (the value "m") of this will make this kernel more sensitive to recent bars than past bars. The exponential moving average (ema) is theoretically just like the wma but with an exponential term, aka y = ax^2 + mx + b. increasing the value of "a" will make the average exponentially more sensitive to recent price action than past bars. These are just 3 examples of the most common kernels. However the choice in kernels can be entirely your choice, and this is what I am presenting to the tradingview community. These methods are rather common in the field of signal processing and hopefully trading sometime soon. Here I have built 3 new kernels for everyone in an indicator I will release soon. 1. The generalized polynomial kernel (blue) Whereas the wma is defined by y = mx + b, the ema by y = ax^2 + mx + b, the generalized polynomial kernel can take in an eighth order polynomial as a kennel function: y = sum (rx ^ i) where i ranges from 0 to 8 and the user has 9 coefficients "r". To make a wma here one just sets the last 6 values of r to zero, or to make an ema the user sets the last 5 values of r to zero. If you are curious what shape your polynomial makes you can just plug it into wolfram or google to see it. This is the blue line on the chart above with all coefficients set to 1 by default. 2. The gaussian kernel (red) This option sets the moving average kernel to a gaussian. The important thing here to consider is where it is centered, and how broad it is. If the width of the gaussian is sufficiently larger than the moving average window size then you will start to approximate a simple moving average, however if the width of the gaussian is incredibly narrow you are basically sampling the bars from however long ago that your gaussian is centered, like creating an offset. If the centering is done closer to the recent bars then there is essentially a smooth drop off in weightings with a negative concavity. This is the red line on the chart. 3. The noise kernel (green) The idea of this one is simple, to just make a random kernel. Any value of the kernel can have a vastly different weight than the neighboring kernels. As tradingview has no random number generator I used a quasi random one that multiplies the unix time with the price and takes the sine function of that. For being totally random it also appears to be useful. This is the green line on the chart. The script for this will be coming soon, I just have to clean it up for everyone. Keep in mind that this indicator is not ready to just apply to the charts, it is designed for people to customize and mess with first. If anyone has any ideas to test with this I am incredibly interested to explore this deeper. I am using this general idea to move onto very interesting and potentially powerful applications, if anyone wants to talk about the technicalities of these please feel free to message me.
DJ:DJIEducation
by mcbw_
1
How to Get Financial Independence Without Money?This post is the result of a short discussion from the previous post. The question was: is it possible to get financial independence if you have only 10USD as a starting capital? My reply is - YES. Probably you won’t believe but still, let’s try to imagine such a story.You are a young guy without any solid capital, and only you have it’s 10USD in your pocket. But you are not lazy, and you are hardworking. For you, to put efforts into reaching your goal, it’s not a problem. You like to think and search for possible solutions. And you start with your 1st step which is in the right direction from the beginning! You know it because you are sure that knowledge is the basis for further steps and it will help to reach your goal. You start searching for possible variants and type of business which can give you financial independence. You understand that 10USD, it’s a really small capital for starting a real business, and you move to something more available for you. You get a reply very soon. You remembered that one of your friends told you about amazing opportunities which financial markets can open for you. He is an experienced trader and you believe him. It looks strange that 10USD as starting capital can open new doors but… you do research and EVRIKA! You find a solution. You get a broker-company (a company which provides services for trading in the financial markets) with a cents account where you can put several dollars and start trading on real money. You are smart, and you understand that without knowledge in this field, you have a good chance to lose this money and starting trading right now - it’s a stupid idea. You decide to learn more about trading in the financial markets. You ask your friend some bits of advice, you start searching for free stuff in Internet, you watch videos, and you read books which your friend shared with you (don’t forget you have only 10 USD and you can’t buy any book). You spend months for understanding how financial markets move, how to make analysis and search for possible trading opportunities. You learn about money management and trading psychology. You grow your skill day by day. You apply your new knowledge on practice using a demo account. You still don’t try to trade using real money because you understand that you will blow them very quickly. You got this knowledge from the experienced trader. You spend more months on learning and getting experience from demo trading. Only when you get a trading strategy which suits you and your nature when you designed a money management strategy which will protect your deposit from blowing up and help you to manage money properly for faster capital growing. You combine these strategies into a trading plan, and you are going to follow it day by day. You know how it’s important to have a trading plan with trading strategies and money management strategies, how to be disciplined and follow the plan day by day, your friend has solid experience as a trader and he shared with you this important advice. You follow your friend’s advices because you don’t have much experience yet. ONLY AFTER THAT, you decide to try real trading. You put your 10USD on a real cent account and start trading! You have a lot of emotions, but you also know how to control them. You have loss trades, and you don’t panic. You know that they are a part of profitable trading. You trade day by day following the trading plan. You control emotions and don’t try to become rich very quickly. Your friend helps you to improve different elements of trading and make your results better and trading more stable. Also, he advises you to keep records of your trades. He suggests to do it because, in the future, you will be able to show it to anyone for proving your skill and search for possible investors. You start doing it from the beginning because you trust the experienced trader. You know you made already a lot for moving closer to your goal and everything you need now, practice in trading for getting more and more experience and continue growing your skill learning new aspects of trading. You start trading like a PRO, and you like this style… In several years. You have spent several years from that day when you decided to try trading in the financial markets. You had only 10USD as a starting capital. You made a right step from the beginning in the direction of getting knowledge, and it allowed you to save this 10USD. You learned a lot from that moment, thanks to your friends who had experience in trading, thanks for your hard working! You believe that one day you will reach your goal - get financial independence. You knew what to do, and you moved step by step. You could grow your deposit in from 10USD into five times, and you think it’s an amazing profit in %. You kept the statistic of all your trades which shows now how good you are as a trader. And you know that now you are a good trader. You have everything for trading: the proven trading plan including the proven trading strategy and the solid money management strategy. Within several years you have made about 500% of profit, and it’s an amazing result. You could keep your money and have good drawdown during this period. Now you know that you are ready to move on the other level. Start working as a money manager. You know that investors search for good traders and you know what to offer them. You start promoting yourself as a trader. You get the 1st investor who gives you a trial deposit for managing. In several months the investor is impressed by your results and give you the solid capital for managing. You start getting solid income from such trading because the investor shares with you a part of profit. Now you trade using big capital, but you continue to use the same trading plan which was proved by previous years, you use the same trading strategy and money management strategy. They worked for you when you traded with 10USD and gave profit and they are also good with 100 000USD capital. After some time you get another investor who was also interested by your trading results. In several months the number of investors grows and the same goes about the size of capital you manage. Also, you grow your income from this activity. As investors get good profit, you get a part of this profit as rewards for managing. Day by day, you move to your main goal - get financial independence. Now you are not far at all. After some good period as a money manager, you can earn solid capital, it’s yours. You can start trading using this money, or you can continue money managing. Maybe you also want to share your knowledge and experience with novice traders or share your trading ideas for some financial websites. Now you have a lot of new opportunities which can give you a solid income and only you can decide which variants to use. All these things could become possible; all your dreams could come true only because you made your 1st step in the right direction. You decided to get knowledge and use it as a solid basis for further growth and moving to your goal!
BITSTAMP:BTCUSDEducation
by DLavrov
59
Would You Like to Get Financial Independence From Trading?Let's make this post for discussion and sharing your ideas, thoughts, and experience if you have, how to get financial independence from trading. Please, be active and take part in the discussion. Several days ago I posted polls in my social media to see, what do you think about financial independence. The main question was: "Would you like to get financial independence from trading?" with two options "YES" and "NO". And I was a little bit surprised by results. One audience replied like this: 87% - YES 13% - NO Another audience replied like this: 84% - YES 16% - NO So, I was surprised by 13% and 16% numbers. From my point of view, financial independence = Freedom. You can do what you want, spend your time as you want and be independent. You want to spend more time with your family - you can do this having financial independence! You want to travel - you can do it! You want to focus on your hobby - why not! Trading in the financial market allows to get financial independence much faster and with fewer efforts if compare it with real business - mainly. I respect all opinions, and if you think that you don't want to get financial independence, I will be very interested in understanding your position. Why don't you need this? Let's discuss it and also let's consider what do you need to do for reaching financial independence from your point of view. Please, share your ideas in comments!
BITSTAMP:BTCUSDEducation
by DLavrov
44
OIL - The Key Indicator to an Imminent Global RecessionEverything is linked to the price of oil. Our food, our phones, our computers, our clean water, our electricity, everything we use each day is dependant on oil. If oil prices were to pump due to a new peak (which is inevitable), the price of everything will climb. As a result, it will reach a point where we can't afford to consume the same amount of things, slowing down our industrial activity. 2008 was a crisis, meaning our governments managed to fix the issue on the short term. However, during that period, food industries were struggling, and famines happened in several countries. To solve this problem, they had no other choice than shutting down the price of oil to restart the machine. In 2014, thanks to our advanced technique of extraction, global production exceeded demand, and the price fell by itself. However cheap oil is becoming rarer and demand is not decreasing. We will see price climbing slowly at first, and like an exponential curve, will be able to very quickly climb up to new highs, and who knows what will happen then? How long are we going to be able to answer the demand that seems to be in a no-limit growth?
TVC:USOILEducation
by cyatophilum
THE BIG EIGHT: Where is the world heading?In this screencast I review 8 important markets. There are some common levels and patterns of price movements. The India50 is the odd man (woman) out. The forecast of a global recession has been made (not by me). This is related largely to global debt now standing at around $233 TRILLION US-Dollars and debt in America currently around $22 Trillion US-Dollars. The picture is complicated by trade tensions, political and other macroeconomic events. Our inheritance is will be the result of a decade of ultra-low interest rates and quantitative easing (aka printing of money), now complicated by global geopolitical and macroeconomic issues. Stock markets (and related indices) have a complex but important relationship to the Forex markets.
FX:US30Education
by Captain_Walker
IMPROVE YOUR TRADING PSYCHOLOGY NOW / VIDEO / EDUCATIONALHey TradingView In this video I will be going over a swing trade from this week and breaking down how this trade could impact a trader's psychology both positively and negatively. I also cover some easy to implement strategies that will make it much easier for you to let your winners run. It really bothers me how little attention seems to be devoted to trading psychology. This is by far the hardest thing for most traders to grasp and master. Please take a look at this video and let me know if it is able to help you.
OANDA:XAUUSDEducation
by ImreSG
2
SEISMIC: Solid Gold becomes easily electronically transferable. Yes - of course some will know about credit transfers of solid Gold. But the latest stuff is bigger! Some very clever people have found a way to transfer solid gold in more than just 'credit', by very robust electronic means. In other words wherever you are in the world you can ask for your solid gold and it will be sent to your hands! Ain't that crazy!? You can now buy stuff and pay in real Gold, using plastic! Ok so that part is like credit but it isn't. No longer is that totally linked to the US-Dollar value. So this is just like cryptocurrencies - but slightly better. In other words private individuals and some corporations are re-creating the 'Gold Standard' independently of governments and central banks. What does that mean? It means that the 'big boys' with the smart money have been ahead of the race. They spotted some time ago, to their minds that the US financial situation - which has been labelled as bankrupt (not by me), with an unprecedented Debt to GDP ratio of 105.4, and a total debt of $16 Trillion - is frankly dangerous. People have become drunk on credit. Personal credit allowances are all adding up into one massive tsunami - which nobody is really looking at.(Well except the big boys of course). Gold is has been connected to the US Dollar as we know it today. However, strangely currencies are no longer backed by Gold (since the 1970s). This has allowed the widespread printing of national currencies backed by thin air - and confidence in trade agreements etc. On top of all that, interest rates had been held near to zero in the USA for the last 10 years, and that's why there is such tension about The Federal Reserve (which is factually a bunch of private bankers), deciding to raise interest rates. They know a bubble has been created. In other words, the crisis of 2008 was not solved at all. It was papered over and made worse. Yes - it's taking time to pop. Sometimes real bubbles made of soapy water will touch a surface several times and not pop. But when they pop and when Ponzi schemes crash, it happens in the blink of an eye. If/when the financial bubble pops Gold will rule again. But it will be too late for the average investor to get on board. I'm not saying that everybody should rush out and buy Gold. What I'm saying is that sensible investors and traders need to get prepared now. In fact 'now' is a bit too late.
FX_IDC:XAUUSDEducation
by Captain_Walker
2
#EURNOK and #UKBRENT #UKOIL CorrelationWhen we look at correlations in charting, we sometimes see certain #FX pairs are correlated to a #commodity or #index, in this instance I am giving you an example of #EURNOK vs #UKOIL #BRENT. These charts can help you make distinctions in the trend of the commodity, so when we see a #bullish EURNOK, you want to be looking a trades that are bearish Brent/UKOil, again this is not tick for tick, so, you will use confirmation like trendlines, underlying fundamentals etc. But you can clearly see the correlations. I suggest you try this with other markets, like #USDNOK #WTI #USDJPY #NIKKEI #SPX #10YR
Education
by B15H
1
The Learning Lesson From A 10% Profits TradeTrade Analysis Gold had been in the downtrend for 2 months. Lazy Trend System spotted a momentum entry. Following the rules, with 2% risk on capital, this trade yielded a profit of 10%. Risk to reward ratio = 1 to 3 3 Keys to Success: Patience The trade was executed on Daily chart, there are typically less than 10 potential entries in a calendar year. Swing trader always has to be patient, follow the system and trade when the opportunity appears. Risk Management Never risk more than 3% on one single trade! It takes more effort to recover big losses than to grow the portfolio. A proper risk management not just help to protect capital, but also to grow your trading portfolio consistently in the long run. A Good Trading System Having a good and consistent trading system is the key to succeed in trading for the long run. Test, test and test the system with your risk management till you are fully comfortable with it. Keep a journal of your trades, and always learn and review the historical trades.
OANDA:XAUUSDEducation
by wealth_compass