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 ).
Metals
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.
new way to adapt to trend change part 1 (introduction)1. make 2 trend line each downtrend or uptrend
2. both trend line must be identical, copy paste 1 trend line to make 2
3. use whatever tools you friendly with, I use Elliott wave
4. this way I could see the downtrend
important note:
I just discover this theory today
may not good, that's why I will testing it and create part 2 later
Corrective FLAT ABC WAVE type RunningABC FLAT got 3 type
1. flat regular
2. flat running
3. flat expanded
flat running = extension on wave B (wave B longer than wave A)
3 waves with structure (3-3-5)
A= 3 (ABC)
B = 3(ABC)
C = 5
A = 100%
B = 127.2% wave A
C = 61.8% or 100% wave A
RISK:
could transform into the expanded type
A = 100%
B = 127.2% wave A
C = 100% or 127.2% or 161.8% wave A (see the fib level on chart)
XAUUSD education ideaXAUUSD education idea
There's an interesting channel option on the Weekly chart.
The price has risen to the fibo 61,8% - Wchart
If today and tomorrow the price drops slightly, a PINBAR is formed - bearsh signal.
But the bullish trend is very strong now.
Dear traders I will be glad to see you think about it.
The Art of Opportunity Cost (Gold Miners)While Gold is inching closer to its prior all time high, it is not that rosy for gold miners and gold mining stock.
After reaching its all time high in 2011, the gold miner ETF is still down roughly 60% from its all time high. And this was the fate for majority of gold mining stock.
Of course if you dig deeper into some of the gold bugs who sell their client to only buy golds, they were investing in gold mining stocks. Of course never tell the story about how much money their lose and the opportunity cost they lost for the past 8 years hanging on to gold mining stocks.
A stark reminder that market is very cyclical in nature, nothing goes up forever, nothing goes down forever.
Nasdaq will eventually crash, commodity will eventually enter into another bull phase.
But without understanding of market cycle and constantly being trapped by SHILLERS who only knows how to sell, not how to make money in the financial market, most people lost out from making big gains from the market.
Yeah, if they are lucky, maybe they able to buy some gold miners on Dec 2015 and made some hefty gains, hopefully they sold and cash out in 2011.
Market is cyclical.
Stop fall in love with any assets.
Play the market cycle.
Play the smart money game, don't be the dumb money.
If you want to make money from Gold and Gold miners, make sure you understand the gold market cycle, and the commodity cycle and understand that if you want to make money, you need to buy low, and sell high.
General Markets AnalysisBITFINEX:BTCUSD
FX:EURUSD
NASDAQ:FB
CBOT:ZT1!
AMEX:SPY
COMEX:GC1!
Bitcoin, EURUSD, Facebook, T-Bonds, SPY, Gold, etc...it is not important to make profit on a specific asset. What is important is to optimize operations regardless of the assets, clearly selected and constantly monitored.
Potentially earning $10,000 on cryptocurrency or forex, while maintaining a high risk profile rather than $5,000 with a low risk profile, won't get you very far and especially it's not the setting of the big traders.
If you intend otherwise to allocate capital to a diversified portfolio of stocks, commodities, cryptocurrencies, bonds, indices, investing in the long term then we are talking about other things.
How to Use the Baseline ChartThe chart we made today shows the price of gold as a Baseline chart. The Baseline chart shows price movements relative to a baseline that you choose anywhere from 0% (the lowest point) to 100% (the highest point).
This chart shows gold since the last 1970s with a Baseline of 50%.
Why is this interesting? The chart can show you if an asset is above or below a specific baseline over any period of time. For gold, we see it is well above its average price (50% baseline) and it's been trading above that average level for years (the line turns green when an asset is above the baseline level and red when it is below).
To start using the Baseline chart, follow these simple steps:
Step 1 - Change your chart layout to Baseline. Press the Chart Style button at the top of your chart and select Baseline in the drop down.
Step 2 - Go to your chart Settings by right clicking or double tapping on the chart line.
Step 3 - In your chart settings, find and adjust your Base Level to a percentage you want to see. This can be anywhere from 0% to 50%.
We hope you enjoyed this chart and how to use the Baseline chart to follow any asset. Please press Like if you enjoyed this tutorial or write a comment below.
Nasdaq Versus Gold - The Truth Hurts for Gold BugsI believe Gold to be the only sound money ever existed. But I have learn from my life experiences to remove my bias from my investment.
I have decided that I can't use my bias and emotions when investing, I have to look at facts and follow the facts.
And that's the reasons I have decided to have only small amount of Gold in my portfolio and overweight on equity and technology stocks.
It is easy to fall in love with any particular asset, let it be Gold, Real Estate, Bitcoin, Stocks, etc. But the market doesn't care about your feelings and your emotions.
The market will do WHATEVER it want to do.
And if someone really cares about PRESERVING their wealth, then, they ought to follow the market NOT their emotions.
This chart alone is enough to tell us a story. A story whereby Gold is just as CYCLICAL as everything else and it is NEVER A GOOD IDEA to only hold gold.
From 1980 to 2000, Nasdaq and technology stocks VASTLY outperform everything else, something that people like Peter Schiff never tells to his audience.
And yes, after Dot Com crash and bubble, Nasdaq takes a break while we had a commodity boom from 2000 to 2012 where Gold did well. But that's it. Gold did well due to commodity boom and because equities is taking break after major expansion during 80's and 90's. Nothing more.
And then, in 2013, that starts the beginning of new bull market in Nasdaq and equities. Coinciding with the rise of cloud computing and artificial intelligence.
When market moves, it moves with momentum and when it moves with momentum, it will take a lot of energy to make it stop.
We are in the 7th year of this bull market, one of the most hated bull market in US equities whereby every new all time high is being yelled as the major top and a 90% crash will come ensue.
But the data is showing otherwise. 7 years is too short for a bull market. Especially when you mix in the Industrial Revolution 4.0 into the mix.
We are yet to fully see the benefits and potential of IR 4.0. That's why semis continue to climb the wall of worry, because it keeps growing and growing and growing.
And most people are underestimating the potential growth from all of these industries and sectors, missing out on Apple on the smartphone boom, Amazon on the ecommerce boom, Microsoft on the cloud boom and so forth.
People will keep missing on these stocks until eventually majority realize that this is real, they will bought into peak and at a major top, just like 2000.
We are nowhere near the level of euphoria like 2000. So the best things is to remain invested and to remain long on tech equities.
Gold will rise as we enter into inflationary phase but Gold will just be that small position in my portfolio, nothing more, until we see the bottom of commodity and the beginning of a commodity bull market, which by that time, capital will flow mostly into commodity.
Market always move in cycle. Stop falling in love with any particular assets.
I don't care about stocks, stocks will eventually peak and by that time, I will get out, but now is not the time.
wave 3 extension 2.618 (from normally 1.618)The Most Typical Fibonacci Ratios/Multiples within Impulses:
If wave 1 is extended, expect the net of wave 2-5 to be .618 x wave 1
Wave 2 = 618 or .5 x wave 1
If wave 3 is extended, waves 1 and 5 tend toward equality. A .618 relationship is next most likely.
Wave 3 = 1.618 or 2.618 x wave 1
Wave 4 = .382 x wave 3
Wave 4 (net) typically relates to its corresponding wave 2 (net) by a Fibonacci ratio.
Wave 5 = wave 1, or .618, or .382 x the net of waves 1 thru 3.
If neither wave 1 or 3 is extended, expect wave 5 to be 1.618 x the net of 1-3.
The time to complete waves 1 thru 3 = the time to complete the end of 3 to the end of 5.
Central bank calendar for 2020Here are the important dates. * The small red lines are supposed to indicate the EUR & USA central bank meeting dates.
Looks like February might be dead, with maybe a bit going on in Oceania.
May calm, maybe some UK & Oceania going on just like the end of 2019, August dead but who cares, and the rest of the year interesting especially June so just like 2019 maybe.
I have some things on the radar for January already.
I am planning my year around this calendar.
Also let's not forget the 2020 election too, this might be the most important date.
For stocks & indices of course but even for those that don't trade those or don't trade them much (like me).
Going to be an interesting year...
In the world of Currencies Gold Metals Energy which is what I do, also what will happen with the climate change hysteria is going to be interesting.
There's a large part of the population that think the world is going to end so what will they do?
They will impact politics and the economy. 10% of israel population are in a sect branch of judaism and the government does some of the thing they want, muslims... well I don't even need to explain that... 10% are salafists which is the world most powerful "cult" or "sect" with a huge impact, and in Eu & Na I guess the number is the same? 10% are deathly afraid of CO2? They will have some impact and this will definitely drive the price of Oil NatGas Copper Nickel which I have in my watchlist, as well as have some impact obviously on the economy.
And will socialism grow? Or fade out? I myself guess it will die out just like in the UK... Seriously, germans voted for Hitler but they were starving. EU & NA populations are not starving so why would they go full insane. East europe went full insane but that was their revolution, they overreacted as usual. France had their revolution in 1789 and it was followed by a period of terror, then Napoleon, then changing governments... Took what like a century to go to a clean democracy? Soviets had socialism with going back and forth between capitalism and full communism from 1920 to 1990, nothing surprising there. I doubt they will go back.
What people call "capitalism" is just the natural order of things. Like it or not everything has a price and a reward. Nothing gets magically created.
Nothing is lost, nothing is created, everything is transformed.
Well, going to be a fun year. I probably won't post much about stock indices, I am just perma long till the Dow gets to ~33k, I won't post much about Bitcoin it is so boring, there is the halving and also now is when satoshi gets his coins? Might be interesting actually.
Just going to focus on USD EUR GBP CAD AUD NZD SEK JPY CHF GOLD NATGAS USOIL COPPER NICKEL.
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, How do you like it?!))Look at the local lines on the chart!
Each of them should be considered separately.
It can be an intraday trading strategy:
after a few taps on one side, touch the other and make some move.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analyze.
Write your comments and questions here!
Thanks for your support!