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
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
Attachments
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signals.JPG
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:
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:
Agreed.....I used to factor more variables into my trading but not so fussed now
N
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
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
Attachments
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euro gold usd triad.JPG
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
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
Attachments
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not bad week.JPG -
weeks.JPG
Can you remind me what I am asking for ?
Sorry I havnt been on this thread for a while ......been busy scalping
N
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:
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
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
Attachments
-
gold pricing.JPG
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
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
