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Goldfutures

BTC Precious Metals Futures Market Correlation Part 3/3 So time to explain. This is all started when I read the article about the Third Dimensional Crypto Cartel manipulating price through futures. After some thought I decided the chart it out. Although I am not convinced of the futures market oppression, the similarities to BTC from all time high are astounding. 1st chart is current BTC 2nd and 3rd and Gold Futures. This same pattern also appears in Silver and Uranium Futures. I decided to only compare to Gold Futures for the purpose of this example but feel free to chart out those as well. The crazy thing about this pattern is that it took place in 2012-2013 while BTC has been performing the same pattern 2017-2018 so we can rule out World Events or the Global Market hammering in these similar patterns. Main similarities: 1: Starts a descending triangle from ATH 2: Forms a double bottom breakout 3: Bulltraps on the triangle breakout Main difference: The pattern in question on the Gold Futures chart is on a weekly candle while BTC's pattern is on a daily candle. If I try to chart out this pattern on BTC's weekly chart it is not as visible. I believe this is because of the total amount of price action BTC has lived compared to Gold Futures. Since the Gold market has had a longer lifespan it gives a cleaner look at the weekly chart. In other words in time to come I expect the weekly BTC chart to look more similar to the Gold Futures weekly chart. What do I expect? Well, for the last few weeks I have been expecting a leg down on BTC mostly on the RSI following suit and confirming the rejection of the Triangle Breakout Bulltrap. It appears to now be confirmed. Although Gold Futures currently appear to be in a Bullish Breakout Pattern, I do not expect BTC to follow suit immediately. Everybody thinks that BTC is either going to 500k or 0. I think neither, I think BTC will continue to follow the Gold Futures chart and run relatively flat with low volatility for the coming months. I have been trading BTC will the Gold chart as a reference for the last few weeks and have been doing very well. I will continue to do so until BTC starts to stray away from this Price Action example.
COMEX:GC1!
by Gweilo
Gold Future JUN18 (COMEX)Trading Signal Short Position (EP) : 1335.1 Stop Loss (SL) : 1343.4 Take Profit (TP) : 1315.4, 1289.4 Description GC1! formed Double Double Repo Sell at 1d time frame. Trade setup with Sell limit at 0.382 Level of FR (1335.1) and place stop after 0.618 Level of FR (1343.4). Once the position was hit, place take profit before an agreement (1315.4) and 1289.4 Money Management Money in portfolio : $73,000 Risk Management (0.5%) : $365 Position Sizing $0.1 = +-$10 (Standard) Commission fee = -$2.37/contract (Standard) EP to SL = $8.3 = -$830/contract (STD) Contract size to open = 2 standard contracts EP to TP#1 = $19.7 = +$1,970 (STD) EP to TP#2 = $45.70 = +$4,570 (STD) Expected Result Commission Fee = -$9.48 Loss = -$1,660 Gain#1 = +$1,970 Gain#2 = +$4,570 Total Gain = +$6,540 Risk/Reward Ratio = 3.92
COMEX:GC1!Short
by SuppasitWechprasit
Gold Future APR18 (COMEX)Trading Signal Long Position (EP) : 1330 Stop Loss (SL) : 1327 Take Profit (TP) : 1339, 1347 Description GC1! future formed Double Repo Buy at 4h time frame. Buy Limit position at 1330.0 When the position has entered, place first take profit with 2/3 contract before an agreement 1339 and place stop loss at 1327. When the first target reach, shift stop loss to break even (1330) and wait until the rest contract or second profit will be reached (1347) Money Management Money in portfolio : $48,000 Risk Management (2%) : $960 Position Sizing 1 Tick value = +-$100 Commission fee = -$30/contract EP to SL = 3 Tick value = -$300/contract Contract size to open = 3 contracts EP to TP = 9 tick value = +$900, 17 tick value = +$1,700 Expected Result Loss = -$990 Gain = +$3,410 Risk/Reward Ratio = 3.44
COMEX:GC1!Long
by SuppasitWechprasit
Gold - AB=CD ------ TRADING PARAMETER INCLUDEDPrice is likely to hit the PRZ and go up to 1336 area ( 1336 area would also be the 61.8 level retracement from the top). Furthermore if price does stop at the 618 level (1336 area) then we will see it drop to about 1264 and thus complete a Harmonic pattern. Let us not however make a mistake on an assumption, DO NOT sell off at 1336 until we reach this area and evaluate what price action is ready to do. For now follow the following parameters. BUY LIMIT - 1296.30 SL - 1282 (~1400 PIPS) TP 1337 (~4100 PIPS)
FX:XAUUSDLong
by Team_MonteCarlo
Gold Future (CME)Double Re-penetration Pattern. Trade setup with Buy Stop position (EP) at 1337.5, Stop Loss (SL) at 1333 and Take Profit (TP) at 1342. Money Management I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD. Position Sizing 1 Tick = $100 1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons) It is 4.5 Tick from EP to SL, with 1 Con, I will lose 4.5 * $100 = $450 To lose 1,140 USD I need to open 1,140 / 450 = 2.53 Con Then I will put 2 Contract If I win, I will gain (1342 - 1337.5) * $100 * 2 Con = $900
COMEX:GCJ2018Long
by SuppasitWechprasit
Gold Future (CME)Turtle Soup. Trade setup with Buy Stop position (EP) at 1336, Stop Loss (SL) at 1329 and Take Profit (TP) at 1350. Money Management I have 22,800 USD in my portfolio. I can lose 5% of the port which is 1,140 USD. Position Sizing 1 Tick = $100 1 Contract size need IM = $3,850 (I can open not more than $22,800 / $3,850 = 5.92 Cons) It is 7 Tick from EP to SL, with 1 Con, I will lose 7 * $100 = $700 To lose 1,140 USD I need to open 1,140 / 700 = 1.62 Con Then I will put 1 Contract If I win, I will gain (1350 - 1336) * $100 * 1 Con = $1,400
COMEX:GCJ2018Long
by SuppasitWechprasit
GCJ2018Absorb Bear trend for Mega Bull trend. Minor correction. Trade setup with Buy Stop position (EP) at 1335, Stop Loss (SL) at 1320 and Take Profit (TP) at 1357. Money Management I have 20,800 USD in my portfolio. I can lose 10% of the port which is 2,080 USD. Position Sizing 1 Tick = $100 1 Contract size need IM = $3,850 (I can open not more than $20,800 / $3,850 = 5.40 Cons) It is 15 Tick from EP to SL, with 1 Con, I will lose 15 * $100 = $1,500 To lose 2,080 USD I need to open 2,080 / 1,500 = 1.38 Con Then I will put 1 Contract If I win, I will gain (1357 - 1335) * $100 * 1 Con = $2,200
COMEX:GCJ2018Long
by SuppasitWechprasit
Dec 2017 GOLD long term monthly analysisGOLD 1. Gold price broke above monthly downward trendline from 2011 and retest it, also below has multi years upward support trendlinefrom 2001, once monthly close above previous lower high $1377.5 will confirm monthly uptrend, bases on channel projection, target may above $7000. 2. Gold retrace 50% of 2001-2011 price movement, and retest previous ATH at $1037.5 3. Monthly 7MA is pointing upward with candlestick pattern confirm 7MA as support 4. MACD is above 0 confirm potential uptrend Conclusion: as long as price hold above Dec low of 2017, price is likely continue upward, once monthly close above previous lower high at $1377.5, monthly uptrend will be confirmed. For years of invest strategies, hold some gold. Accept Tips BTC: 13vWsgZMsNsjR37HoyVpLnLTwPFYQv7HHG LTC: LTk1vhxgg7up7ouRf8WNgoFFq2VJptmCA4 DOGE: DKT6Mvqyhqn6GbkVCS8hRLoobQ7e38MMNd
COMEX:GC1!Long
by LESSISMORE
2
Gold neutral to bearishFor the last couple of months gold's been trading in a range frustating for both the longs and the shorts with no real movement in either way. Yet the bears seem to be winning this fight for now. Gold is still following it's downward channel even though it broke it's median line but didn't stay above it for long. Ideally I'd like for gold go down to about 1190 to flush out the entrenched longs maybe even reach 1130. Once the longs have been flushed sentiment will be ultra bearish that's when new long positions should be opened.
TVC:GOLD
by MedianLineAnalysis