Bond Traders Uncover Secret to Rates That Fed Just Doesnt Get
http://www.bloomberg.com/news/articl...st-doesn-t-get
http://www.bloomberg.com/news/articl...st-doesn-t-get
Trading Journal (only my take) 385 replies
Trading gold and silver only 59 replies
An idea for building wealth...using only gold 9 replies
GOLD traders only 90 replies
DislikedI'll share my technical analysis based on "Bollinger Bands + RSI" strategy, which has proven to be very profitable to me. This strategy is not one-fits-all so for each instrument you need to look at a different time frame. For example, on Gold it works very good on Daily chart, and for oil on H4 chart. Gold: On Daly chart Bolinger bands Gold is steadily moving towards its lower band around 1171 area where it would likely hit the oversold areas of the RSI. 1171 is also a good support area from pervious PAs. So, I guess it would be a good area to...Ignored
Disliked{quote} What is the periode that you use for bolinger bands? 20? And for RSI?Ignored
Disliked{quote} I'm using just the default settings, 20 and 14, respectively. Let me know if it proves to be any good for you, or if you can manage to get better results by tweaking the settings.Ignored
Disliked{quote} I'm new in trading. I just started testing on bollinger bands 12 (period:12, Deviation: 2, Shift: 0), along with Stochastic 7,3,3 on D1 time frame. I use them on H1 to. D1 is for finding bigger trends, and H1 is for finding entry or for intraday trading. I might testing on your setting as well. CheersIgnored
Disliked{quote} I'm using just the default settings, 20 and 14, respectively. Let me know if it proves to be any good for you, or if you can manage to get better results by tweaking the settings.Ignored
Disliked{quote} But the problem with Bolinger bands is when price breakout. Like point A and B in the pic. Candles continously touching outer band while Stoch or RSI already on overbought or oversold area. Both Bolinger with Stoch/RSI cant detect when the trend gonna stop. Some using SMA (Simple Moving Average) 300, 400, 600 to detect when the trend will reverse, but like we see today on gold, SMAs sometime is useless, or its just me that confuse using SMAs {image} {image}Ignored
Disliked{quote} I'm new in trading. I just started testing on bollinger bands 12 (period:12, Deviation: 2, Shift: 0), along with Stochastic 7,3,3 on D1 time frame. I use them on H1 to. D1 is for finding bigger trends, and H1 is for finding entry or for intraday trading. I might testing on your setting as well. CheersIgnored
Disliked{quote} I love this thing.. back-testing strategy with different settings.. to figure out your win-rate.. thus, one can predict his tentative Profits.. simple maths once you have a proven strategy.Ignored
DislikedAnything new? Crooks are pissed that stupid Stock Market is down Long-- target 1207 {image}Ignored
Dislikedi am bull on gold though fed says they want to hike interest rate, watch what they do not wht they say. Gold Prices Show a Potential Ascending Triangle Pattern http://marketrealist.com/2015/05/gol...angle-pattern/Ignored
DislikedBond Traders Uncover Secret to Rates That Fed Just Doesnt Get http://www.bloomberg.com/news/articl...st-doesn-t-getIgnored
Disliked{quote} I love this thing.. back-testing strategy with different settings.. to figure out your win-rate.. thus, one can predict his tentative Profits.. simple maths once you have a proven strategy.Ignored