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Hold The Gold

  • #681
  • Feb 9, 2021 2:07pm Feb 9, 2021 2:07pm
Maybe a MIRROR of the previous 3 weeks?
Within the channel?
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Maadik Hugiis. IQ 69.
  • #682
  • Feb 16, 2021 2:51pm Feb 16, 2021 2:51pm
1 kilo of gold is ~$60k. 1 BTC is ~$50k.
BTC is the new gold...
All BTC (21m) is ~1T at the moment.
BTC price is expected to be x4 by the end of 2021 (@200k).
Where gold will be?
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Maadik Hugiis. IQ 69.
  • #683
  • Feb 18, 2021 2:58pm Feb 18, 2021 2:58pm
Quoting MoneyZilla
1 kilo of gold is ~$60k. 1 BTC is ~$50k. BTC is the new gold... All BTC (21m) is ~1T at the moment. BTC price is expected to be x4 by the end of 2021 (@200k). Where gold will be? {image}

Money man my thing with bitcoin is that when it achieves what it wants, to be a decentralized currency, wont it be technically valueless?? like a dollar is not worth 40k so once bitcoin or digital currencies become a thing and the dollar has no value, wont that make bitcoin valueless? from an investing perspective.

Sorry if i sound ignorant i have zero research into crypto
  • #684
  • Feb 18, 2021 3:21pm Feb 18, 2021 3:21pm
Quoting ZTrader123
{quote} Money man my thing with bitcoin is that when it achieves what it wants, to be a decentralized currency, wont it be technically valueless?? like a dollar is not worth 40k so once bitcoin or digital currencies become a thing and the dollar has no value, wont that make bitcoin valueless? from an investing perspective. Sorry if i sound ignorant i have zero research into crypto

Zero understanding of crypto at my end, too.

What I see is, BTC is under a total control. BTC has a chart. Run by the same price app that runs the indexes, the gold, the forex pairs.

This tells me, BTC is to make the US Dollar more desirable.

As US Dollars and all money in general, are all printed out of a thin air. By SOMEONE. And that someone is not in the Forbes top 100 or whatever the name of the list of the most rich humans... The Forbes guys are like jokes, when compared to our guy...

So, cryptos have this purpose. To restore the faith in the FINITE MONEY (BTC is just 21m, for example). While, just improving the old money positions, as the crypto is valued in the money we all use, which is absolutely meaningless and insane, in my view...

What is money?

Paper. Slightly more sophisticated paper, than the WC paper...

What is crypto?

Some files. Slightly more complicated files with ZERO VALUE, for me.

The value of money and the value of the crypto is given by the believers who believe these hold value.

These are just instruments for power and nothing else...

Sorry for the long reply.

Would be interesting to hear if you have a different opinion? Just curious to hear different opinions than mine...
Maadik Hugiis. IQ 69.
  • #685
  • Feb 18, 2021 4:35pm Feb 18, 2021 4:35pm
Quoting MoneyZilla
{quote} Zero understanding of crypto at my end, too. What I see is, BTC is under a total control. BTC has a chart. Run by the same price app that runs the indexes, the gold, the forex pairs. This tells me, BTC is to make the US Dollar more desirable. As US Dollars and all money in general, are all printed out of a thin air. By SOMEONE. And that someone is not in the Forbes top 100 or whatever the name of the list of the most rich humans... The Forbes guys are like jokes, when compared to our guy... So, cryptos have this purpose. To restore the faith...

Hmmm good view on it, my thing is with a finite amount, i feel like it could never work as a currency, if someone with enough "money" just hoards all the BTC then how can people use it as a spending tool? the value will be exponential compared to the service you are using it for....

Seems eventually like a failed system because the same thing with the dollar where you have to keep adding zeros to the US debt as every year passes and inflation blah blah

So when will you be adding 100 decimal places to the amount of BTC for a simple thing like a bag of chips??

1 doritos bag = $ 1.99 OR 0.0000000000000013 BTC

Hopefully someone smart enough comes along and makes a better "currency" system if you even wanna call it that, the way i put it is how would aliens do business with us? they wouldnt use dollars or bitcoin so who knows what an actual currency is, just some man made bs that will be gone in the next 1000 years probably, only to be replaced by something else to show who has the most power.

Maybe we should go back to the bartering days, that seemed to work well
  • #686
  • Feb 18, 2021 5:02pm Feb 18, 2021 5:02pm
Quoting ZTrader123
{quote} Hmmm good view on it, my thing is with a finite amount, i feel like it could never work as a currency, if someone with enough "money" just hoards all the BTC then how can people use it as a spending tool? the value will be exponential compared to the service you are using it for.... Seems eventually like a failed system because the same thing with the dollar where you have to keep adding zeros to the US debt as every year passes and inflation blah blah So when will you be adding 100 decimal places to the amount of BTC for a simple thing...

Interesting view. I find it very positive.

Most people are not stupid, but they behave like this, due to the surrounding conditions where everything is made in the name of the money. Destroying the environment seems to be one of these blissful activities that come together with the money?

I don't know what is right.

The question is, human brain is mega powerful tool. And some humans really do know how to use it. We should hear more of their voices.

Instead, we have a total control of the persons who create the money and nobody knows who these folks are.

Interestingly, we don't know who really did create the BTC, too. Don't you find this disturbing?

The search for paper/electronic/crypto money, just makes their position even more stronger. Because of the high demand. That is exactly what they need. A high demand. To put things under control.

On the other hand, there has to be order and control in the society... and I do understand them.

Aliens will likely never do any business with us, cause if we hold the exchanging currencies, where is the equal part in the deal?

We are like kids that can't and don't allow themselves to lose. Ever. Who plays with that kind of kids?
Maadik Hugiis. IQ 69.
  • #687
  • Edited Feb 24, 2021 1:31pm Feb 23, 2021 7:24pm | Edited Feb 24, 2021 1:31pm
Hmmmm. You are not a stupid lad. I gave something similar, as a compliment, to a young colleague of ours. He gave 10+ yrs of his life, working for us, and still is. In Nov’19 he did started with gold. $1k live with ICMarkets. Last week he asked me, if he can close at 70% of the target? I have problems with selling gold and immediately agreed. Now the account he holds is 3k.
Maadik Hugiis. IQ 69.
  • #688
  • Oct 15, 2021 6:42pm Oct 15, 2021 6:42pm
Quoting MoneyZilla
Another tp of $10 per entry did closed... {image} This night I could not sleep well. For a very good reason. My brained tried to figure it out how to lower down the risk even more and gain the same amount of money, on the very same signals base? Because I am using the rate's 20%-25% promotion. Of enter right now. Here. Yes, here. Just here. It did turned out, I can take every 5th signal instead of every signal that follows, and increase the target from $10 to 50$. Thus the draw-down also goes down x5 times,...
Holy shit this is the metronome thing you've been talking about.
Time as a filter, simple hedge with sl and hodl.
  • #689
  • Nov 21, 2021 3:58am Nov 21, 2021 3:58am
Quoting MoneyZilla
Another tp of $10 per entry did closed... {image} This night I could not sleep well. For a very good reason. My brained tried to figure it out how to lower down the risk even more and gain the same amount of money, on the very same signals base? Because I am using the rate's 20%-25% promotion. Of enter right now. Here. Yes, here. Just here. It did turned out, I can take every 5th signal instead of every signal that follows, and increase the target from $10 to 50$. Thus the draw-down also goes down x5 times,...
I've been reading a lot of your post on ff moneyzilla , i wonder are you still active in trading using your kind of hedging , so many question to ask because i think (maybe) you have change your old strategy till recently .
From what i read ,your strategy almost similar to milipede in ff ,it needs trend in one direction long enough. A few months back, i've trying to replicate it in trading eur usd , and it seems to go well because of the strong downtrend that is still happening till now.
Although i'm in profit right now, I wonder if i grasp your strategy right or not,i hope you can guide me and us into it.
Thanks before moneyzilla .
  • #690
  • Dec 31, 2021 1:14am Dec 31, 2021 1:14am
Quoting Offujimori
{quote} Holy shit this is the metronome thing you've been talking about. Time as a filter, simple hedge with sl and hodl.
just don't stay static...
Maadik Hugiis. IQ 69.
  • #691
  • Jan 26, 2022 2:22pm Jan 26, 2022 2:22pm
going to a dentist tomorrow. hoping for the best!
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Maadik Hugiis. IQ 69.
  • #692
  • Feb 15, 2022 12:07am Feb 15, 2022 12:07am
started to closing down some 1000 pips targets ($100). hoping for $1,975 in the second part of march'22.

my sense is we are now ($1,878 at the moment) around the closing price of feb'22, more or less, which leaves some $20-$40 to consolidate in the next 10-15 d1 candles.

the end of feb'22 will probably be like a fake down movement. few d1 candles of march'22 will keep the "we are falling down" illusion, i suppose. and then, pedal to the metal, trick >70% of the retail traders at ff, by going up to around $1,975.
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Maadik Hugiis. IQ 69.
  • #693
  • Feb 16, 2022 4:30pm Feb 16, 2022 4:30pm
Quoting MoneyZilla
started to closing down some 1000 pips targets ($100). hoping for $1,975 in the second part of march'22. my sense is we are now ($1,878 at the moment) around the closing price of feb'22, more or less, which leaves some $20-$40 to consolidate in the next 10-15 d1 candles. the end of feb'22 will probably be like a fake down movement. few d1 candles of march'22 will keep the "we are falling down" illusion, i suppose. and then, pedal to the metal, trick >70% of the retail traders at ff, by going up to around $1,975. {image} {image}
Hi MoneyZilla ,I saw you post your report of your trading and admired you so much. You trade small lot size but won bigger than trade bigger lot size . It was amazing to my . Ihave been trading gold only over three years but still struggle ,have not make money yet . I saw you post your ebook but still wonder why some trader can read the content in the book but some did not see any words at all included me . I wonder why some can see and some can not . I like your hedging strategy , after I read but still can not understand how to hedge the way you told every one. I have questions if you can help me when you have chance. First how can you trade with small lot size but win big ? Can you explain little more how you hedging? I have problem when i enter wrong just keep looking and did not get out , i hope the market can change my direction. Thanks again.
  • #694
  • Feb 16, 2022 11:56pm Feb 16, 2022 11:56pm
Quoting munchie
{quote} Hi MoneyZilla ,I saw you post your report of your trading and admired you so much. You trade small lot size but won bigger than trade bigger lot size . It was amazing to my . Ihave been trading gold only over three years but still struggle ,have not make money yet . I saw you post your ebook but still wonder why some trader can read the content in the book but some did not see any words at all included me . I wonder why some can see and some can not . I like your hedging strategy , after I read but still can not understand how to hedge the...
Hello Munchie. Thanks for the nice e words. I am only a hobby kinda of guy. Would n to call myself a trader, as having no education whatsoever on the matter. Just a hobby hubby.

I think, for a hobby trader, best START is, if one trades just one of the directions. I would start with the buy only on the gold. You will have lots of ideas once you start doing it. How to limit the draw-down would be your first emergency. There are tens of different ways of doing this precisely. Start doing this and you will see the most of them. I am sure there are many ways i still haven't seen, yet... imagine the possibilities ahead?

Once you have some advancement in the buy only zone, you might want to start applying the same on the sell side and see what happens?

This is pretty easy when you have a guide close to your shoulder. For example, I am teaching my brother now. 7-8 months already, maybe. We work in the same office room. All day. I was struggling with a specific hedging approach. It is really stupid, when you hear it for a first time. But thanks to him, to his experiments with the ea and the indies i have designed, we finally got to that kind of results (it is still UT100 demo, we are now learning how to day-trade the indices):

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Hedging might sound and look stupid, but can and in fact it is, very profitable. This is only for the hobby guys like us. Let the pro guys sniper trading the next 20-30-40 pips. Good luck to all of them.

p.s. The goal here is just 30 net pips on an entry. Stop strategy, not a limit one. The most closures are very far away from 30 pips. Try to guess why?
Maadik Hugiis. IQ 69.
  • #695
  • Feb 17, 2022 7:22am Feb 17, 2022 7:22am
Quoting MoneyZilla
{quote} Hello Munchie. Thanks for the nice e words. I am only a hobby kinda of guy. Would n to call myself a trader, as having no education whatsoever on the matter. Just a hobby hubby. I think, for a hobby trader, best START is, if one trades just one of the directions. I would start with the buy only on the gold. You will have lots of ideas once you start doing it. How to limit the draw-down would be your first emergency. There are tens of different ways of doing this precisely. Start doing this and you will see the most of them. I am sure there...
Thanks @MoneyZilla for your long explanation . Base on what you told us , your hedging always one short and one long .If you get out one side you will have to entry the other lot to replace the one you exit and continue like that for your trade . Your pics can not seen clear and have alot of number hard to see with all number too. Now we see gold every day up so much if we use hedge how are we going to exit the short one . With your hobby to trade like this it is more than full time trader .Can I pm you some time . I know you have restricted on your mail but still asking in case you agree some time. I have to practice and see it come out with the trade . I have trade demo while ago after burned all my saving . I still struggle to handle my account . Are you still trading gold or you trade indices and currency pairs too ? Just curious only .Thanks again and you have a good trading day .
  • #696
  • Feb 17, 2022 10:01am Feb 17, 2022 10:01am
Quoting munchie
{quote}Are you still trading gold or you trade indices and currency pairs too?
Gold and Indicies seems to be the most interesting for me. My bro is working on indicies and multiple fx pairs, me is working on these too, but with the multiple fx pairs, very surprisingly, me is not as successful as he is.

Here are some gold setups waiting to reach for their targets. There are plenty more. Will partially paste some later, when they close at their targets. Most are with a long holding times. 6+ or more months.

Not afraid to buy higher...
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Maadik Hugiis. IQ 69.
  • #697
  • Feb 17, 2022 10:08am Feb 17, 2022 10:08am
Quoting MoneyZilla
{quote} Gold and Indicies seems to be the most interesting for me. My bro is working on indicies and multiple fx pairs, me is working on these too, but with the multiple fx pairs, very surprisingly, me is not as successful as he is. Here are some gold setups waiting to reach for their targets. There are plenty more. Will partially paste some later, when they close at their targets. Most are with a long holding times. 6+ or more months. Not afraid to buy higher... {image} {image} {image}
MoneyZila ,thanks again for reply to me .What is all number stand for ? Please ,can i pm you MoneyZilla .
  • #698
  • Feb 17, 2022 1:21pm Feb 17, 2022 1:21pm
Quoting MoneyZilla
started to closing down some 1000 pips targets ($100)....
some 1250 pips ($125) and a net 350 pips ($35) closures happened today. unexpectedly for me...
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Maadik Hugiis. IQ 69.
  • #699
  • Feb 24, 2022 12:02am Feb 24, 2022 12:02am
i should have been braver... some 1,500 pips target just reached...
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Maadik Hugiis. IQ 69.
  • #700
  • Feb 24, 2022 12:06am Feb 24, 2022 12:06am
You will be rick if you keep all ha.
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