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Monday, May 9, 2016

My Gold Trading Strategy as at November 17 (updated) - forex trade alerts season 13

My Gold Trading Strategy as at November 17 (updated) ~ forex trade alerts season 13

Today was a quiet one for the Gold trading strategy. As you will see on this 60 minute chart, Gold was lingering around the daily pivot for the duration.

Because there was little activity and little in the way of news, most traders have avoided Gold for today.

That gives us a chance to think about the longer term for Gold. Below is a Point and Figure chart and the long term price objective, as you will see is $1,050.00 indicating that a further easing of the price may be in order.

This next chart is Monthly and on it you can see three arrows pointing to long candle wicks and they are all at around the current price of $1,186, indicating that this price is one where we can expect an area of congestion.

A couple articles studying the current position of Gold at this time.

Gold Lending Rate Most Negative Since 2001 on Longer Refining - Businessweek

Mon, 17 Nov 2014 17:04:45 GMT
There are other signs of rising consumer demand for gold. The U.S. Mint sold 46,000 ounces of American Eagle gold coins this month, compared with Octobers total of 67,500 ounce ...

Read more ...

Top Five Reasons to Invest in Gold and Silver - KIRO Seattle

Mon, 17 Nov 2014 21:35:46 GMT
Gold Eagle sales were also high, with a total of 121,500 sold in October, compared to last years October sales of only 89,000. Strong demand usually drives higher prices. 3. Investors and hedg ...

Read more ...

GLD Came At Start Of Gold Bull Run; Demand For Gold ETFs Topped Expectations - Forbes

Mon, 17 Nov 2014 15:25:01 GMT

Even after heavy liquidations during the past two years as the price of gold fell, SPDR Gold Shares (GLD) holds more metal than most of the worlds central banks ...

Read more ...

GLD: ETF Outflow Alert - Nasdaq

Mon, 17 Nov 2014 17:22:40 GMT
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the SPDR Gold Shares (Symbol: GLD) where we have detected an approximate $449.4 million dollar ...

Read more ...

Good Trading.!

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Friday, May 6, 2016

My Gold Trading Strategy as November 23 (updated) - best forex trading alerts

My Gold Trading Strategy as November 23 (updated) ~ best forex trading alerts

The new week is about to test our trading strategies. Governments will be making their moves, traders will be in and out of the market and who knows what is coming for Gold.

There are a lot of opinions, Gold is going to $5,000 and Gold is dropping to $800, I will post some opinions further down in this post.

First I will post a couple charts, Ichimoku Kinko Hiyo charts, reason being is, they have something to tell us about support and resistance.

Here is the daily chart of XAUUSD

It is easy to see that the is going to be resistance at the Ichimoku Cloud. It appears that the Cloud becomes narrower as days pass, maybe resistance to a price rise will lessen.

The weekly chart is next.

Once again we see the Ichimoku Cloud creating resistance although the Cloud is much thinner than on the daily chart.

Finally, the Monthly chart.

It took a couple months for price to break down through the Cloud and then finally support was broken. The November bar has a long wick, showing that the bulls are making progress....

As mentioned earlier in the post, I found some recent articles and opinions about Gold as follows:

Russias Central Bank Buying Gold Isnt Quite What You Think It Is - Forbes

Sat, 22 Nov 2014 11:42:03 GMT
The Russian central bank has been buying more gold this year. This could be taken as some form of support for the price of gold, could be taken as simply the bank deciding that t ...

Read more ...

Swiss Central Bank Chief Warns on Impact of Gold Vote - Wall Street Journal
Sun, 23 Nov 2014 13:31:49 GMT

ZURICH—The head of the Swiss National Bank reiterated concerns that a popular vote on requiring the central bank to keep a fifth of its assets in gold would hi ...

Read more ...

Gold No Longer Slumbers - Barrons
Sat, 22 Nov 2014 03:15:13 GMT

But after pummeling gold steadily lower from its peak around $1,900 an ounce in September 2011, he is showing signs that he could be done dumping on the metal, which hit a low of $1,131.85 an ounce this month. Gold-mini ...

Read more ...

Many are seeing the moves by China as bullish for the price of Gold.

Chinese rate cut pushes gold, silver to highs - Resource Investor
Sun, 23 Nov 2014 11:44:43 GMT

The rate reduction was the first since July 2012 as the Asian nation heads toward its slowest full-year expansion in almost a quarter century. Russia added to gold reserve ...

Read more ...

This infographic is really well done!

InfoGraphic on the Swiss Gold Referendum to take place on November 30th - CoinWeek

Sun, 23 Nov 2014 14:37:40 GMT

On November 30, Swiss nationals head to the polls on three separate issues: abolishing a flat tax on resident, non-working foreigners, an immigration cap, and a proposal o ...

Read more ...

Gold / Silver / Copper futures - weekly outlook: November 24 - 28 - Investing.com
Sun, 23 Nov 2014 13:38:11 GMT

Despite Fridays upbeat performance, gold prices are likely to remain vulnerable in the near-term amid indications a strengthening U.S. economic recovery will force the Fed ...

Read more ...

Good Trading in the week ahead...!

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Wednesday, April 20, 2016

Perfect Order Strategy Forex Expert Advisor - forex trading tips today

Perfect Order Strategy Forex Expert Advisor ~ forex trading tips today

Here is an Expert Advisor (EA) based on the Perfect Order Strategy adopted from Kathy Liens book, "Day Trading the Currency Market."

Due to copyright issues, I will not explicitly list out the rules for this strategy. You can purchase your own copy of her book to read in depth more about this strategy. But what I want to say is, this strategy works.

The strategy is based on the moving averages of the 10 sma, 20 sma, 50 sma, 100 sma and 200 sma being in perfect order, i.e. 10 > 20, 20 > 50 etc. to constitute a buy order (the converse works for a sell order). In additional, ADX has to be sloping upwards. I have further added additional filter conditions like MACD/Stochastic Oscillator main line being above signal line for optimization.

Heres an example. Click to expand.

Here are the results.

Pair: EUR/USD
Lot size: 1
Chart: Daily
Initial Balance: 10,000 USD

2010, 77.3% yield

2009, -95.7% yield

2008, 90.8% yield

2007, 55.3% yield

2006, 1.56% yield

2005, 14.9% yield

2004, 28.3% yield

2003, 143.5% yield

2002, 42.0% yield

Additional currency pairs which would work well for this strategy would be USD/CHF and USD/CAD. The EA works well on a 4 hourly chart as well but it worked better on a daily chart. Do take note that a perfect order is quite rare and dont expect to be entering trades every week or even every month. But with patience to wait for this rare occurrence, the risk return ratio is very good.

Get the Perfect Order Strategy Expert Advisor Here.

You can optimize the source code in anyway you want!

Full money back guarantee within seven days if you are not satisfied.

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Sunday, April 17, 2016

Copy my trades 1 - forex trading top tips

Copy my trades 1 ~ forex trading top tips

COPY MY TRADES - (LONG GBP/USD):
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BUY GBP/USD @
Take Profit @
Stop Loss @

Please trade wisely

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Monday, April 11, 2016

My Gold Trading Strategy as at November 21 (updated) - forex trade alerts nairaland

My Gold Trading Strategy as at November 21 (updated) ~ forex trade alerts nairaland

Will the Butterfly make your trading strategy bullish?

This is a weekly chart and it seems that the butterfly pattern is having an effect as the price of Gold has been rising for three weeks.

Lets see what happened this week with the weekly pivot.

Right from the start of the week there was a bullish sentiment and the resistance was tested early before Gold dropped to bounce off the weekly pivot. Friday the resistance was tested again and ultimately the close was less than the resistance.

Now we can have a look at the Ichimoku chart and we can see that the price will meet the resistance of the Ichimoku Cloud with a further gain of ten dollars. You can see that recently price has approached the Cloud twice and been refused both times. Definitely there will be resistance to an upward move for a while, at least according to the Ichimoku Cloud.

Next we can have a look at the Point & Figure chart for Gold.

I have marked the resistance at $1,220.00 and you will notice that the bearish target is still set at $1,050.00.

Next week will bring more excitement as Gold looks again for direction, hopefully our trading strategy will be profitable.

Good Trading...!

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Sunday, April 10, 2016

My Gold Trading Strategy As At November 16 (updated) - forex trader advice

My Gold Trading Strategy As At November 16 (updated) ~ forex trader advice

Gold has had an interesting week, a couple days of consolidation and then a sharp move to the upside where it was stopped by pivot resistance

On this first chart is the Center of Gravity indicator and also the Semaphore indicator. You will see that the Semaphore Indicator is not yet indicating that the bottom has been reached. Instead it is showing that a further decline may occur. While these indicators are not always reliable, it is interesting that they are showing that the upward move has hit an area of resistance and may fall back

The second chart shows the weekly pivot, although price tried to crass the pivot each day, it was not until Friday that it finally marched past the weekly pivot.

This is a weekly chart and shows a Fibonacci Pattern that indicates an end to the down trend. These indicators can reprint and also are not reliable in all cases. However, the indicator is suggesting a trend change.

This next chart is a 4 hour chart showing the weekly pivot and a support level below and a resistance level above. For several days price was straddling the pivot and then Friday price dropped to the first support and bounced up through the pivot to the first resistance area where it was stopped.. I see a wick at the top of the last candle which may indicate a coming weakness when the markets re open.

This last chart shows daily bars and the Ichimoku Cloud, you will notice that the cloud id quite thick indicating that any move north is going to meet with considerable resistance.

Here are some discussions regarding the Gold market. From these it is hard to get an idea as to which way prices may move in future.

Russia, because of economic conditions and sanctions is being forced to buy production from its gold mines and you will see in the article following that there are two sides to the story

Putin Is Hoarding Gold To Prepare For Economic War - Business Insider
Sat, 15 Nov 2014 16:58:26 GMT

Russias central bank added to its reserves of bullion in the third quarter, according to the latest report from the World Gold Council. Russia has taken advantage of l ...
Read more ...

Iran has gold deposits and undoubtedly wants to increase its holding of gold bullion based on the apparent approaching economic crisis.

Iran launches Middle Easts biggest gold plant, plans to double production - RT
Sat, 15 Nov 2014 18:08:15 GMT

Iran has opened a new gold processing plant, reportedly the biggest in the Middle East, hoping to double its production of precious metals. Using a unique technology, Teh ...
Read more ...

These next articles give a varied opinion as to what may be happening, one says there is an up move coming and the other says there is a huge supply. It is impossible to forecast the movement of Gold, many pundits have tried and made mistakes, we will have to see what the collective market place shows us as days pass

PRECIOUS-Gold soars on short-covering, new fund buying - Reuters
Fri, 14 Nov 2014 21:58:22 GMT
Resource InvestorPRECIOUS-Gold soars on short-covering, new fund buyingReutersNEW YORK/LONDON, Nov 14 (Reuters) - Gold surged 2.5 percent on Friday to just shy of $1,200 an ounce as short-covering, fund buying and a sudden weakening of the dollar off ...
Read more ...

Gold Prices to Drop on Dollar Strength and Likely Lower Asian Demand - International Business Times UK
Sat, 15 Nov 2014 10:27:17 GMT
UKGold Prices to Drop on Dollar Strength and Likely Lower Asian DemandInternational Business Times UKGold prices are set to drop next week with the yellow metal expected to continue battling a stronger US dollar, buoyed b ...

Read more ...

Have a great week ahead.!!
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Tuesday, April 5, 2016

My Gold Trading Strategy as at November 19 (updated) - tom trader forex trade alert reviews

My Gold Trading Strategy as at November 19 (updated) ~ tom trader forex trade alert reviews

The Gold Trading Strategy has to be Long, at least at this time.

The price is moving higher rapidly.

I have attached two Ichimoku charts, a 5 minute chart and a 15 minute chart.

First the 5 minute chart:

You will see that price has jumped up through the cloud and is moving higher.

Next, have a look at the 15 minute chart.

You will see that price is approaching resistance at the cloud and the question will be whether or not the upward move is strong enough to push through the cloud. Only time will tell

Of course, on the higher time frames is a lot more resistance, We will know as the hours pass as to what will happen.

The Ichimoku Cloud is sometimes very powerful support or resistance, it is handy to have a look at it before making any moves to get an idea as to what may befall any move in the price.

While the Ichimoku chart may not be favored by many traders, it is certainly a significant part of my trading strategy at this time.

Good Trading..!
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