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EF5 replied Jul 18, 2019We're getting awfully close to that 1,440 resistance level: image
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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EF5 replied Jul 18, 2019Sorry to hear that bulltrap, that would be so irritating. I have 2 futures accounts with TD and fortunately never had a problem with them.
FWIW, as far as I know brokers only go off what you tell them when it comes to different ...Best Futures Brokers
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EF5 replied Jul 17, 2019Solid plan there Vorenzd! One thing I really like about real estate is you can turn it into cash just by getting a mortgage. That way, if you find yourself in a situation like March 2009 when equity prices were mindbogglingly low you could get 4% ...
Anyone own physical Gold?
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EF5 replied Jul 17, 2019Nah, it’s a lot more complicated. Ideally you’d have api access to two brokers and run the whole thing through a python script. What you’d do is look at the bid-ask spread between brokers and simultaneously take offsetting positions when the spread ...
broker stop-hunted my palladium trade
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EF5 replied Jul 17, 2019I’m no physicist, but quantum mechanics do have some applicability to trading. Heisenberg’s uncertainty principle posits that there are fundamental limitations of knowledge at the atomic level. The takeaway for traders is you should never be too ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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EF5 replied Jul 17, 2019Dalio came out with an article this morning that's bullish on gold. I'm curious if that might have something to do with this rally we've seen over the past few hours.

XAU/USD & XAG/USD - Gold & Silver Traders Thread
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EF5 replied Jul 17, 2019That might be a smart move here. The latest gold rally was sparked by the building permits miss, but take a look at other assets. Equities, Bonds, etc have mostly retraced. I wouldn't feel good about being long gold now when it is the intermarket ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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EF5 replied Jul 16, 2019Looks like some decent resistance around the 1,408 level. I think a buy stop around 1,408.7 with a tight SL might make for a good trade if it breaks out.
image XAU/USD & XAG/USD - Gold & Silver Traders Thread
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EF5 replied Jul 16, 2019Thanks for the succinct summary.
The upcoming 25bps cut is a done deal at this point, what amazes me is how traders are pricing in almost a 30% chance of a 50bps cut. image As it stands, gold will probably go down if they only cut by ...XAU/USD & XAG/USD - Gold & Silver Traders Thread
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EF5 replied Jul 15, 2019Thank you for your thorough explanation. I think I can see the theoretical framework of how this works.
If I didn't make myself clear earlier, I completely agree with being conservative and prioritizing equity preservation above all else. ...4 + 1 (Metals) strategy
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EF5 replied Jul 15, 2019It seems like you picked the perfect time to go on vacation now that things are slowing down for the summer. Have fun at the beach!

Gold RIGHT NOW
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EF5 replied Jul 15, 2019Very interesting thread MzansiObi! In your experience, how well do XAU/EUR and XAU/AUD respect support and resistance?
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD)
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EF5 replied Jul 13, 2019Very quiet weekend so far for the DJIA. image
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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EF5 replied Jul 13, 2019Thanks MzansiObi, you have an interesting perspective on this! Before I get started, let me just preface this by saying there are some ways we both could be correct. I'm not discounting your approach at all.
I see this as two slightly ...4 + 1 (Metals) strategy
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EF5 replied Jul 12, 2019Thanks!
Regarding rate expectations, I'm going to seriously look at trading this one. I think I'll do it ZQ instead of gold though since its a direct bet. All else being equal, gold should drop but more things can go wrong with it.Gold RIGHT NOW
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EF5 commented Jul 12, 2019I’m still seeing more upside ahead. Not my base case, but with these rate cuts the possibility exists we’ll see an equities bubble.
Wall St. notches all-time highs on lingering rate-cut optimism
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EF5 replied Jul 12, 2019I explored #1 and came back with some results, but the gammas are all 0 or .01 for atm options. When they're uniform like that the results are basically in line with open interest. What you get is more of a max pain type of calculation which isn't ...
Metals (data) Mining
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EF5 replied Jul 12, 2019This seemed promising, but after sending a bunch of data to excel and crunching numbers for about an hour I discovered there was no gamma change from yesterday to today (unless my data was bad.) Will give #1 a try, not super optimistic though. This ...
Metals (data) Mining
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EF5 commented Jul 12, 2019So lets assume we come down to the wire again on this... If memory serves, the Treasury has some funds in the banking system it can pull if needed. But is liquidity there to do it? I'm guessing no this time given the Fed Funds Rate - IOER spread. ...
Washington's latest debt-ceiling fight could mean 'volatile month' for markets, analysts warn