Fxcorrelator_goldmeter

NVP

Legendary member
36,765 1,880
trading my goldmeter indicator (in free links below)...........its simple really

I am looking for a weak usd and then I attack a rising Gold index
or vice versa

in a perfect world I look for the gold index (violet) to actualy breach above or below all the other grey lines (which represent the G7 currency indexes) .........this means that gold is being traded very aggressively and moving with much more momentum than the fiat currencies

a few buys and sells
N
 

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Atilla

Legendary member
19,045 2,680
trading my goldmeter indicator (in free links below)...........its simple really

I am looking for a weak usd and then I attack a rising Gold index
or vice versa

in a perfect world I look for the gold index (violet) to actualy breach above or below all the other grey lines (which represent the G7 currency indexes) .........this means that gold is being traded very aggressively and moving with much more momentum than the fiat currencies

a few buys and sells
N

Like that and use something similar my self.

I would add following indexes into that mix, should you choose to accept;

oil, treasury yields, stock, dollar and inflation.


Understanding their relationship coupled with time-lags is key imo.


Moreover, as Yellen set 2% inflation as a key target for raising rates, that's going to have a DIRECT knock on effect to all those parameters... :idea:


(y)
 

NVP

Legendary member
36,765 1,880
Like that and use something similar my self.

I would add following indexes into that mix, should you choose to accept;

oil, treasury yields, stock, dollar and inflation.


Understanding their relationship coupled with time-lags is key imo.


Moreover, as Yellen set 2% inflation as a key target for raising rates, that's going to have a DIRECT knock on effect to all those parameters... :idea:


(y)

Agreed.....I used to factor more variables into my trading but not so fussed now

N
 

NVP

Legendary member
36,765 1,880
interesting triad signals on those 3 indexes on 1hour .............??

euro , usd , gold indexes

I have spent over 15 years now looking at forex correlation and in truth 99% of patterns break down over time and are just fleeting coincidence more than enduring and profitable systems

but 1% do stick

N
 

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NVP

Legendary member
36,765 1,880
terrible Wednesday for the old shiny stuff........

heres the last few weeks .................when the Violet (raw Gold)..... line gets outside all the other grey lines (other G8 currency indexes) that means the fiat currencies are being surpassed by a move to Gold .............then I REALLY like to play gold in trades

18/19th August saw a real push on Gold leaping above other G7 currencies as the usd fell..........nice nice signal for a change

N
 

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MajorMagnuM

Legendary member
9,284 887
terrible Wednesday for the old shiny stuff........

heres the last few weeks .................when the Violet (raw Gold)..... line gets outside all the other grey lines (other G8 currency indexes) that means the fiat currencies are being surpassed by a move to Gold .............then I REALLY like to play gold in trades

18/19th August saw a real push on Gold leaping above other G7 currencies as the usd fell..........nice nice signal for a change

N
ok this is simpler for me to understand than the other currency meter you have!
i have loaded up an mt4 acc, what do i hve to do to get a copy of this from you?
 

NVP

Legendary member
36,765 1,880
Did you looked for me?
Can you remind me what I am asking for ? :cool:

Sorry I havnt been on this thread for a while ......been busy scalping

N
 

NVP

Legendary member
36,765 1,880
Just seen your post #130...
Thanks sharky

Been a while since I looked at my goldmeter stuff......will try to,take a look today if time

I would never scalp gold ......so it's not on my priority list at moment......the indicator discussed here though always does ok generally .....using the logic it has .......will try to,do a review on how it's done more recently later if time allows

N:smart:
 

NVP

Legendary member
36,765 1,880
the thread is resurrected after some 3 and a half years and interesting recent discussions with Fibo Trader

interesting times on XAUUSD and its related nemesis the usd index

heres the monthly .....ive got my 20ma goldmeter and a basic USD index below it

we can see the low and grinding rise of the green usd index .....trying to drag XAUUSD down since 2012

however Raw Gold index (see middle chart in violet) is having none of things and is strong in itself and generally overriding the strong USD negative drag since DEC 2014 with strong pushes above its 20ma (above zero)

my challenge is how long can Raw Gold index stay bullish ? ....and equally will USD index stay bullish ?

crack those conundrums and you're home and dry ....

N
 

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NVP

Legendary member
36,765 1,880
heres the goldmeter - it seems a V2 now

I cant remember when i was playing with it though - check back to early thread to see how i use it .....perhaps i'll take a look as well !!!

N
 

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fibo_trader

Senior member
2,783 57
the thread is resurrected after some 3 and a half years and interesting recent discussions with Fibo Trader

interesting times on XAUUSD and its related nemesis the usd index

heres the monthly .....ive got my 20ma goldmeter and a basic USD index below it

we can see the low and grinding rise of the green usd index .....trying to drag XAUUSD down since 2012

however Raw Gold index (see middle chart in violet) is having none of things and is strong in itself and generally overriding the strong USD negative drag since DEC 2014 with strong pushes above its 20ma (above zero)

my challenge is how long can Raw Gold index stay bullish ? ....and equally will USD index stay bullish ?

crack those conundrums and you're home and dry ....

N


When I hear my name called out in the same thread as cop Rambo McQueen I know right away its not safe and that I will need a bigger boat. But you know me, NVP, I gots to take the plunge - what's the point living life getting banned only 3 times? "3" is a Fibonacci #, but so are "5" "8" "13" etc., :)

Just my 2 cents on Gold - no correlations looked at, just pure Gold taken by herself, not even looking at the obvious counter-party, the USD. In other words, looking at the girl I am dating for who she is right in front of me without bothering to ask her friends, sisters, brothers, associates et al what type of girl she is. My own eyes + her right in front of me, ought to tell me everything I need to know about this girl named Goldie. Can I get her wrong? hahahahaa, do birds fly? :)

Here goes then,


Goldie 1H time-frame ................ SHORT trade continues unabated. Initial downtrend-line (red) is your guide. Below the 200-pd ema = more bearish stance = reinforces short stance. Note that current 1H rally is off the 38.2% Fibo retracement grid in grey.. (keeping the chart uncluttered, so only one item of TA at a time)


Goldie 1-hour time-frame chart



270878




Goldie walks every day thru' the streets of Precious Metals
She is innocent and young, from a family of NO means
I've stood many times outside her window at night
To struggle with my instinct in the pale lamplight
How can I be this way when I pray to God above
I must love what I destroy and destroy the thing I love
 

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