Fxcorrelator_goldmeter

hey all

i'm not expecting to much bull action out of XAU/USD this week .........as I think the USD is gonna retrace North a little off a falling / flat Dow

Unless the Fed anounce a printfest......?

N
 

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Gold buy alert ?
 

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personally I need the dow breaching 13,300 to give me confidence ....
 
heres the latest ....not bad at all
 
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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
 

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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
 

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god bless the Fed ...
 

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hey all

i'm not expecting to much bull action out of XAU/USD this week .........as I think the USD is gonna retrace North a little off a falling / flat Dow

Unless the Fed anounce a printfest......?

N

well well well...........Ben did the business ! ;)

N
 

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heres the week ...not bad at all

[]Goldsignals week ending 21/9/12|FXCORRELATOR[/url]
 

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the goldmeter delivers again today
 

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Nice Gold sell overnight .......

see how its now consolidating south off its recent higher TF chart ?

NVP
 

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a little flurry in the asian session buying Gold.....nothing to talk about much though

rules for trading this and the free indicator are found in the signature area below

NVP
 

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Gold is generally consolidating/falling at present on my higher TF charts

nice sell yesterday !

N
 

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heres latest

thursday was nice ......;)
 

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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
 

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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
 

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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
 

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2 thumping trades on gold today ........

jees the goldmeter is a nice indicator.......a real chip off Mr Corries block !

N
 

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This is awesome. I don't know the precise causal relationships that make it this reliable, but will try to make use of it anyhow.
 
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