Fxcorrelator_goldmeter

nlenz

Junior member
18 0
Here is Gold on 3 timeframes: Daily, Weekly, and Monthly.
Since in all of them the violet line (Gold) is above the green line (USD) and as an added bonus also above the 0 line (when viewed as an oscillator), it looks to me that the long term trend is up.
And that this should be in our mind when considering trades in lower TFs.
 

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nlenz

Junior member
18 0
Damn, I didn't think I'd be wrong about bonds this fast! :-0

"It's tough to make predictions, especially about the future."
Yogi Berra
 

NVP

Legendary member
36,278 1,787
did anyone get the gold move ?
 

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NVP

Legendary member
36,278 1,787
Here is Gold on 3 timeframes: Daily, Weekly, and Monthly.
Since in all of them the violet line (Gold) is above the green line (USD) and as an added bonus also above the 0 line (when viewed as an oscillator), it looks to me that the long term trend is up.
And that this should be in our mind when considering trades in lower TFs.
no argument there............most senior forecasters and traders have gold on the buy/watch list

golds should be a 1 way street North ..but markets are never predictable ;)

N
 

NVP

Legendary member
36,278 1,787
Damn, I didn't think I'd be wrong about bonds this fast! :-0

"It's tough to make predictions, especially about the future."
Yogi Berra
dont beat yourself up N ..........get that Bond Thread up and running and I guarantee this will add to your learning process..like journals do (y)

N
 

nlenz

Junior member
18 0
no argument there............most senior forecasters and traders have gold on the buy/watch list

golds should be a 1 way street North ..but markets are never predictable ;)

N
Thanks. It's true there is no predictability.
 

NVP

Legendary member
36,278 1,787
GOLD WEEK – Results|FXCORRELATOR[/url]

hey all

well heres the first week for you guys using my Free goldmeter

early week was slow .....then action on thursday and friday !

I was nervous of thursdays sell signal because the Green USD was not aggressively rising

and I need that to confidently trade XAU/USD - (naturally)

my loss !..a big move !

Friday was fast but a peach move

have a good weekend

N
 

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NVP

Legendary member
36,278 1,787
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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NVP

Legendary member
36,278 1,787
personally I need the dow breaching 13,300 to give me confidence ....
 

NVP

Legendary member
36,278 1,787
heres the latest ....not bad at all
 
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NVP

Legendary member
36,278 1,787
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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