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Tariffs, trade war, and gold

  • #21
  • Jun 4, 2019 9:59am Jun 4, 2019 9:59am
Quoting perma-bull
is evans is giving us a powell-preview?:https://www.metalsmine.com/news/9213...-getting-close NEXT
Yes...gold is looking a little peaked right now...but I guess that would be expected after three solid days of buying...
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  • #22
  • Jun 4, 2019 12:23pm Jun 4, 2019 12:23pm
Quoting DonPato
{quote} Yes...gold is looking a little peaked right now...but I guess that would be expected after three solid days of buying... {image}
what's that indicator on your chart?
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you don't have to explain it if it's too complicated but if you have a link to somewhere that describes it i'd like to check it out
Keep It Simple With Sentiment (KISWS) - Trade and Profit like the Pros!
  • #23
  • Jun 4, 2019 12:42pm Jun 4, 2019 12:42pm
Quoting perma-bull
what's that indicator on your chart?{image} you don't have to explain it if it's too complicated but if you have a link to somewhere that describes it i'd like to check it out
It is a delta volume profile. It was made for cTrader and you can find it here...https://www.algodeveloper.com/product/volume-profile/. I had been searching far and wide for such an indicator that works on retail trading platform (mostly FX) but now use it on just about everything.

It allows me to "see" the order flow/volume data in real time candle by candle (I use daily charts). I use something similar in futures trading that is far more accurate, but this allows for retail trading spot markets with far greater accuracy.
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  • #24
  • Jun 5, 2019 3:56am Jun 5, 2019 3:56am
Came across an interesting chart (on ZH) on Gold and how it may be ralling due to lack of faith in Central Banks

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  • #25
  • Jun 5, 2019 4:19am Jun 5, 2019 4:19am
Quoting perma-bull
{quote} Very nice. Are you getting out soon? Unfortunately I stuck to my original profit target at 1308 and have been kicking myself in the ass since:{image}
Don't Kick yourself. will next point and next profit trade.
  • #26
  • Jun 5, 2019 4:21am Jun 5, 2019 4:21am
Quoting DonPato
{quote} It is a delta volume profile. It was made for cTrader and you can find it here...https://www.algodeveloper.com/product/volume-profile/. I had been searching far and wide for such an indicator that works on retail trading platform (mostly FX) but now use it on just about everything. It allows me to "see" the order flow/volume data in real time candle by candle (I use daily charts). I use something similar in futures trading that is far more accurate, but this allows for retail trading spot markets with far greater accuracy. {image}...
Is it data from gold futures?
  • #27
  • Jun 5, 2019 8:34am Jun 5, 2019 8:34am
Quoting Aleksbuk
{quote} Is it data from gold futures?
Good Morning...This indicator is made for the cTrader Platform, so it uses the data that your broker provides...Choose a good broker that provides solid market data and you will have a good indicator...I'm really loving mine.
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  • #28
  • Jun 6, 2019 2:39am Jun 6, 2019 2:39am
Quoting DonPato
{quote} It is a delta volume profile. It was made for cTrader and you can find it here...https://www.algodeveloper.com/product/volume-profile/. I had been searching far and wide for such an indicator that works on retail trading platform (mostly FX) but now use it on just about everything. It allows me to "see" the order flow/volume data in real time candle by candle (I use daily charts). I use something similar in futures trading that is far more accurate, but this allows for retail trading spot markets with far greater accuracy. {image}...
I've looked into this before and wanted to give it a try. I found a company that offered it and I wasn't willing to pay them at the time. It seems like valuable information. How does it determine volume if not futures? What other centralized exchange is there? Liquidity providers?

Whatever it is, I wish it was offered for MultiCharts. I'm mostly using OANDA and MultiCharts. Is this just one tool in your arsenal? If cTrader used EasyLanguage I'd give it a try. Seems like info others might not have. Accurate?
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #29
  • Jun 6, 2019 7:57am Jun 6, 2019 7:57am
Quoting EventsTrader
... If cTrader used EasyLanguage I'd give it a try. Seems like info others might not have. Accurate?
I use Tradestation for my futures trading (which is also an EasyLanguage) program. There is a gentleman that codes for volume profile on that platform and I'm sure it wouldn't take much to port it.
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The best part is I can use it on tick charts and constant volume candles.
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  • #30
  • Jun 6, 2019 8:13am Jun 6, 2019 8:13am
Quoting DonPato
{quote} I use Tradestation for my futures trading (which is also an EasyLanguage) program. There is a gentleman that codes for volume profile on that platform and I'm sure it wouldn't take much to port it. {image} The best part is I can use it on tick charts and constant volume candles.
Thanks for the info DonPato. Much appreciated. I'd love to test it at some point. I may follow up with you soon, once my schedule gets a little less hectic. Until tomorrow morning, my focus is on the economic event we all hope to conquer. NFP!
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #31
  • Jun 6, 2019 9:10am Jun 6, 2019 9:10am
Quoting EventsTrader
...Until tomorrow morning, my focus is on the economic event we all hope to conquer. NFP!
I don't even bother with it any more...I stay away on the first Friday of every month...

I try to gain my weekly goal prior and if not...too bad. I've learned NOT to give away all my earnings on one volatile and extremely unpredictable session.

"Put down the mouse...and step away from the keyboard..."
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  • #32
  • Jun 6, 2019 12:14pm Jun 6, 2019 12:14pm
Quoting DonPato
{quote} I don't even bother with it any more...I stay away on the first Friday of every month... I try to gain my weekly goal prior and if not...too bad. I've learned NOT to give away all my earnings on one volatile and extremely unpredictable session.
Wise decision sir! I'd never attempt to sway anybody into taking risk like that. But I'm all for it, when the conditions are ripe.

Quoting DonPato
"Put down the mouse...and step away from the keyboard..."
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #33
  • Jun 6, 2019 1:55pm Jun 6, 2019 1:55pm
Pretty big news here guys: https://www.metalsmine.com/news/9221...fs-as-time-for

I’m laying off the buys for the short term. It’s not unlike Trump to go back and forth with these deals.
careful not to step in a pile of it
  • #34
  • Jun 6, 2019 2:01pm Jun 6, 2019 2:01pm
I still haven't figured out how charging more for beer, tequila, tomatoes and avocados will stem the tide of desperate people trying to go somewhere, anywhere to live in peace.

But there are greater minds than mine at work here (or not)..
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  • #35
  • Jun 6, 2019 3:04pm Jun 6, 2019 3:04pm
Quoting DonPato
I couldn't agree more with the above comments!! Each of you have touched on a very important and fundamental reasons why Gold "should" continue higher. I might add that each of these things mentioned have all occurred within the last week to 10 days. I would dare say the market participants are getting tired of all the back and fourth. Trade tensions, currency strength (or lack thereof), political tensions (also driving trade tensions), and have decided that now is a good time to "set and forget" at least a portion of portfolios...just in case.
Couldn't agree more. I hope it's still going up. Got in this afternoon 1,333.99. Hope it's not too late, but looks like it broke through some resistance earlier. Expecting some juice tomorrow in NFP.
If in doubt, paddle out!
  • #36
  • Jun 7, 2019 7:55am Jun 7, 2019 7:55am
thanks NFP, and c'mon trumpy!! dousing my fire!!
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  • #37
  • Jun 7, 2019 11:05pm Jun 7, 2019 11:05pm
Quoting perma-bull
thanks NFP, and c'mon trumpy!! dousing my fire!! {image}
Did you end up holding on to gold over the weekend? Hope not! Trump says the US has ‘indefinitely suspended’ planned tariffs against Mexico after reaching a deal
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #38
  • Jun 9, 2019 5:33pm Jun 9, 2019 5:33pm
Gold's dropping after a gap down. We are right around price levels just before Friday's NFP.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #39
  • Jun 9, 2019 6:14pm Jun 9, 2019 6:14pm
Quoting EventsTrader
Gold's dropping after a gap down. We are right around price levels just before Friday's NFP. {image}
I think that was to be expected after the late Friday announcement from Trump over agreement with Mexico. Pesos gapped down as well.

On the larger screen...USD is testing new lows after breaking to new highs. I'm still bullish on gold but might have to wait a little longer for the almighty 1350 test.
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  • #40
  • Jun 9, 2019 6:29pm Jun 9, 2019 6:29pm
Quoting DonPato
{quote} I think that was to be expected after the late Friday announcement from Trump over agreement with Mexico. Pesos gapped down as well. On the larger screen...USD is testing new lows after breaking to new highs. I'm still bullish on gold but might have to wait a little longer for the almighty 1350 test.
Good point about the US dollar. Gold is bound to trek higher on a weakening US dollar.

It's tough to argue against being bullish gold longer term. I'm wondering if there will be a retracement. If so, how much? It's going to depend on the tariff negotiations and China-US news this week.

60M chart:
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
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