NVP
Guest Author
- Messages
- 37,927
- Likes
- 2,134
hey all
having published one of my goldmeters here last week I am pleased to see it is rolling along giving fairly robust signals in all timeframes
catch the indicator in my signature area at bottom of this post
this is not perfect - nothing is my friends ......but when I see the following signals on my indicator using an MA of my choice (20ma default in this case) then I look to trade Gold !
1) the Gold line (violet in charts) is either above or below all other lines
2) the USD (Green line in charts ) is on opposite side of the Zero vs Gold line and is diverging away
then I trade the XAU/USD
its all common sense really and based around my all-embracing philosophy on trading regarding RELATIVE prices....
NVP
having published one of my goldmeters here last week I am pleased to see it is rolling along giving fairly robust signals in all timeframes
catch the indicator in my signature area at bottom of this post
this is not perfect - nothing is my friends ......but when I see the following signals on my indicator using an MA of my choice (20ma default in this case) then I look to trade Gold !
1) the Gold line (violet in charts) is either above or below all other lines
2) the USD (Green line in charts ) is on opposite side of the Zero vs Gold line and is diverging away
then I trade the XAU/USD
its all common sense really and based around my all-embracing philosophy on trading regarding RELATIVE prices....
NVP
Attachments
NVP
Guest Author
- Messages
- 37,927
- Likes
- 2,134
sloooow week so far on the gold stuff.............
with USD in a bearish mode so far not much action to get the pulse racing
one great bull move on gold but using the strict rules of my system Gold was chasing up behind some currencies I would have favored trading (grey lines) instead ...
and when it did get to top of the heap the party was nearly over .....!
of course - you could change the rules slightly and trade a diverging Violet line when the green line is in the opposite side of the Zero and both are diverging away from each other....do what you want my friends...in truth the Goldmeter is one of my secondary systems I follow behind trading forex
N
with USD in a bearish mode so far not much action to get the pulse racing
one great bull move on gold but using the strict rules of my system Gold was chasing up behind some currencies I would have favored trading (grey lines) instead ...
and when it did get to top of the heap the party was nearly over .....!
of course - you could change the rules slightly and trade a diverging Violet line when the green line is in the opposite side of the Zero and both are diverging away from each other....do what you want my friends...in truth the Goldmeter is one of my secondary systems I follow behind trading forex
N
Attachments
Last edited:
NVP
Guest Author
- Messages
- 37,927
- Likes
- 2,134
NVP
Guest Author
- Messages
- 37,927
- Likes
- 2,134
slow week........
Gold is rising .........but so is the USD........so the XAU/USD pair is not worth trading
just 1 nice move on the 1hr so far this week - and I flagged that in earlier posts...
interesting..........when Gold is stronger than the G8 currencies (like now on the daily chart shown) its normally the yen and usd being sold off the most ........at the moment the currency is AUD taking a hammering off the reduction in interest rates announced recently
whatever .........at the moment the world is selling all the Fiat currencies against gold
N
Gold is rising .........but so is the USD........so the XAU/USD pair is not worth trading
just 1 nice move on the 1hr so far this week - and I flagged that in earlier posts...
interesting..........when Gold is stronger than the G8 currencies (like now on the daily chart shown) its normally the yen and usd being sold off the most ........at the moment the currency is AUD taking a hammering off the reduction in interest rates announced recently
whatever .........at the moment the world is selling all the Fiat currencies against gold
N
Attachments
Last edited:
NVP
Guest Author
- Messages
- 37,927
- Likes
- 2,134
if you switch to a 50ma (another favourite MA of mine).......you can see that generally all these recent printing press announcements and int rate falls show us that Gold has been the kingpin currency on a 50ma since mid August ..not surprising ?
USD (bond buying)
ECB (bond buying)
Japan (bond buying)
AUD (int rate reduction)
hmmmmmm !!
N
USD (bond buying)
ECB (bond buying)
Japan (bond buying)
AUD (int rate reduction)
hmmmmmm !!
N
Attachments
NVP
Guest Author
- Messages
- 37,927
- Likes
- 2,134
hey all
well gold still rules the Dailys (left chart)...still on a 50ma to show golds less skewed position in the charts
on the 1hr (right chart) 20ma default setting - Gold took a big hit off the NFP's friday ....but was USD still to weak as well to justify the sell trade ?
hmmmmm......Remember you never physically lose money by NOT taking a trade - so dont worry about it to much ...the mental torture of missing a really good move is part of trading and the mindgames designed to screw you up :smart:
N
well gold still rules the Dailys (left chart)...still on a 50ma to show golds less skewed position in the charts
on the 1hr (right chart) 20ma default setting - Gold took a big hit off the NFP's friday ....but was USD still to weak as well to justify the sell trade ?
hmmmmm......Remember you never physically lose money by NOT taking a trade - so dont worry about it to much ...the mental torture of missing a really good move is part of trading and the mindgames designed to screw you up :smart:
N
