GOLD DESTROYS FED JULY 9TH (UPDATE3)1 Year Delta would be fun?
And the chart is lining up nicely for it.
Gold could go parabolic as the next debt note stimulus passes.
They can't hold the volume down with a virus hoax forever......
its not politics, its freedom.
debt based fiat central banking is unconstitutional...although arguably had its benefits for (some) and not others (by design)
I'll update a comment of my other chart from 2019 below.
Metals
Simple pivot strategyFree money. Price usually never misses daily pivot. And if price does miss pivot during a day - it will come back to that level sometime later. God knows when but it will. This applies to all pairs but works very well in gold as you see.
If you see price open with a gap away from the daily pivot - you can safely target daily pivot 90 percent of time it will hit it.
Those 10 percent of times when price might miss a pivot happen during the strong trends. Actually a missed daily pivot or two marks a START of a strong TREND.
Test various instruments yourself and just get convinced.
The same applies to weekly and monthly pivots. With missed weekly pivots you can catch dozens of pips.
GOOD LUCK!
Using the strategy tester to prove WTD performance!Use the strategy tester with our strategy to check the weekly performance, use it also as a trading journal - you simply need to follow it at least!
We can see all of the trades for the week and the profit and loss.
Strong gains this week with a 20% gain risking 1% per trade - even more on some 30 minute entries. A great week, catching big JPY moves in particular. and holding them!
This is NOT just an indicator, its far more than that as you can hopefully see.
These gains do not include the 300+ pip move on Gold or indices, etc.
Regards
Darren
How Momentum In Markets Effect Price PredictabilityWithout algo-assisted buy/sell signal trading tools, you have a few difficult choices...
You either trade far less often, based on longer term swing trades, with an emphasis on accumulation... or you develop the skill of a professional trader and keep an eye on the markets for short-term timeframe opportunities.
Most people getting into the markets, especially the crypto market, trade with the skill of a long-term swing trader, but do so using short-term timeframes for entry/exits.
And that's how they continue to get their dreams of financial success decapitated by the more sophisticated market makers.
After learning candle stick formations... and after learning the basic indicators of MACD, Ichimoku Cloud, RSI... and support/resistance levels and trendlines... the next skill level is to appreciate momentum. No, not the 'momentum indicator' per se, but an appreciation for how momentum has to be clearly on your side at higher time-frames, before exit and entry positions can be taken seriously.
Only yesterday we published a chart on the 2 day time frame for LINKUSD that was a SELL, where as another trader published a chart on a 12 hour time frame for LINKUSD that was a BUY.
The market cratered soon after and his chart looks like one of those memes of despair.
The very simple difference, we believe, is that we checked the higher time frames for overall market momentum, where as he apparently did not. It's a more common mistake than you might think. And an easy one to fix.
Remember, long-time frames trump short-time frames.
Why?
Because of momentum.
Imagine an oil tanker in the ocean (representing high time frame). It takes time to turn but it does so with power.
Imagine a tiny little speed boat (representing short time frame). It can change direction in the blink of an eye, and it does so with light agility.
Imagine a jet ski (representing a 15 minute chart). It may be fun and you get to see a lot of action, but there is zero reliability of where that thing is going from one minute to the next.
Which of those 3 types of boat would you place your bets on for the direction and position it may be in, in the near future?
Easier to predict the oil tanker direction and location right?
Same with higher time frame charts.
Once you establish your view of market momentum based on higher time frames, then you can drop down into lower time frames to get a better sense of the short-term direction, looking for various styles of trading opportunity, such as entry/exit for swing trading, or scalp opportunities with clear Take Profit targets.
Happy trading.
Team Sparkster for SparksterSignals
Gold6.9.20 Gold Followup....and some discussion on the challenge of this ranging market as it relates to R:R, as well as the possibility of a 1-3-5 short pattern. ( sorry for the interruption from a knock on the door from one of my neighbors...whose daughter screamed the last time I knocked on the door, and was too busy to talk with me this time...as I made Amazon delivers that were dropped off at my house ).....too busy to dump the video and start over.
I WANT YOU TO SUCCEED!TO UNDERSTAND THE STOCK MARKET'S MOVEMENT, YOU MUST UNDERSTAND WHICH FACTOR IS THE MOST INFLUENTIAL:
THE DOLLAR!
IF THE FED HAS SUCCEEDED IN SATISFYING THE GLOBAL DOLLAR SHORTAGE, THE STOCK MARKET WILL CREATE NEW ALL-TIME HIGHS!
IF THEY HAVE FAILED, ANOTHER WAVE OF ILLIQUIDITY WILL OCCUR!
☝ Robert Kiyosaki, says that the fake money will soon disappear 📖 The author of the bestseller "fake", Robert Kiyosaki, examines the current situation in our not calm financial world, and also gives some wise practical advice. He recommends that you buy "God's money" for insurance — gold, in bars and coins, and do it outside the financial and banking system. ⠀
Robert lists the main reasons why holds real gold and silver:⠀
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1) Trust. Robert doesn't trust fake money that is printed without restriction.⠀
2) Insurance. Real gold and silver are not investments, but insurance against "elite games"⠀
3) Controlled risks. You are confident in your government, and in your Bank, what does history tell us about this?⠀
4) Availability. In our time, you can buy gold and silver in the public domain.⠀
5) Simplicity. The elite turned simple things into complex ones. With gold, everything is easier.⠀
6) Real money. They meet all the criteria for non-fake money.⠀
7) Cheaper than mining. Coins and bullion are easier to buy than to mine through companies.⠀
8) Gold — "money of God". Although many are skeptical about this item, yet those who believe in it, it works.⠀
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💰 Time of course will tell what will happen, but just in case, bought a few bars and coins.⠀
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And you keep the money in coins and precious metals? Do you think that gold has the magic power to attract more gold?
Blue FX Strategy v3 - letting winners run is key!An explanation into V3 and the differences that are designed to help you the trader, in execution, convenience, efficiency, trading psychology and ultimately profitability.
Improvements made;
Lot size calculator
Pips in brackets
Back testing functionality
Customisable settings
Stop loss and Take Profit labels visible on all time frames
and more!
Its all there - explained in the video traders.
Thank you.
Regards
Darren
Blue FX Trend Strategy V1 - how does it work?Video explanation on V1 - how it works and how to use it.
We will next explain V2 and V3.
We have developed the initial strategy very quickly and these videos will explain the changes and help you the trader, find the right tool for you.
There is no one size fits all approach, but fundamentally our strategy is based on you being the right side of the market and to encourage you to let your winning trades run.
Cut losers, let winners run.
Sometimes the best trade to take is the one you are already in!
Learn to spot a ranging market and have patience in your execution on a break out and you will vastly improve the statistics here too.
Full back testing functionality on just trend following - BUT scroll left and test easily too with a Fixed Stop Loss (SL) and Take Profit (TP).
Custom settings can improve or decrease performance across all pairs.
Regards
Darren