The Breakout! With The Easiest Chart Thank you for taking your time to watch this video and if you enjoyed it, Please feel free to ask any question in the comments and leave a like!
Goldlong
The Breakout (The Easiest Chart To Ever UnderstandMy other Idea has a video explanation if anyone is interested
Special words for gold trading
We often see these words when trading. If you understand them, trading will be easier.
Including "deposit, withdrawal, position, closing, take profit, stop loss", etc.; they mean:
Deposit: remit personal funds to the trading account for trading;
Withdrawal: transfer part or all of the balance in the trading account to a personal bank account;
Position: the name of the trader buying and selling contracts in the market; establishing a trading order is called "establishing a position", a buy order is called a "long position", and a short-selling order is called a "short position"
Closing: ending a held buy order or sell order;
Take profit: the trading order finally achieves the profit target and leaves the market with a profit;
Stop Loss: When the order loss reaches the maximum tolerable amount, admit the loss and leave the market;
In addition to the commonly used terms, there are also some special terms involved in the trading market;
For example: heavy position, light position, carry order, lock position, liquidation
Heavy position: Most of the funds in the trader's account are involved in order transactions
Light position: The trader only uses a small part of the funds in the account to participate in the order;
In trading, there is a most basic principle that "don't put all your eggs in one basket"
There are always risks in the financial market, and traders should remember one sentence:
Avoid risks, trade with light positions, and never hold heavy positions.
Light position standards:
Total loss of holding positions ≤ one-tenth of the account amount
The number of lots for a single transaction of 10,000 US dollars is not more than 0.5-1 lot
Carry order:
When traders encounter losses, they have no stop-loss strategy, do not know how to stop losses and choose opportunities to start over, but always hold losing orders and bet everything on the rise and fall of the market. This is a behavior that should be avoided in trading.
Locking:
Similar to "carrying orders", when traders encounter losses, they do not implement stop-loss strategies, but establish reverse orders while holding loss orders. Locking can only allow traders to temporarily stop further losses, but cannot get rid of losses. If the net value is not enough, a "black swan event" will occur, and the short-order spread will increase instantly, which will also lead to a margin call.
Margin call:
When the funds in the trader's trading account are not enough to trade, it is a margin call; margin call means the loss of all principal.
If you are a novice, these must be helpful to you! I will share trading knowledge from time to time, and you can follow me if you need it.
How To Start Investing In Gold (7 Ways)Gold's allure as a precious metal transcends time. It has served as a symbol of wealth, a reliable store of value, and a hedge against inflation for centuries. For investors seeking to diversify their portfolio and protect their purchasing power, gold can be a strategic asset. This guide explores seven methods for investing in gold:
1. Physical Gold (Coins and Bullion): Owning physical gold, like coins or bars, offers a sense of tangible ownership and security. However, there are drawbacks. Secure storage is crucial, and selling physical gold can be inconvenient, potentially incurring fees or melter costs.
2. Gold ETFs (Exchange-Traded Funds): These investment vehicles track the price of gold, allowing you to trade them on a stock exchange like a stock. ETFs offer advantages like affordability (you can buy smaller amounts than a whole gold bar) and liquidity (easy buying and selling). However, you don't own physical gold with ETFs.
3. Gold Mutual Funds: Invest in professionally managed funds that hold a basket of assets, including gold mining companies' stocks. This offers diversification and potentially reduces risk compared to directly owning gold. The downside is that fees might be higher compared to ETFs, and the fund's price performance depends on the underlying holdings, not just gold itself.
4. Gold Futures and Options: These are contracts for buying or selling gold at a predetermined price on a future date. This approach offers leverage and the potential for significant profits, but it's also high-risk. Futures and options are complex financial instruments and require a deep understanding of the derivatives market. Consult with a financial advisor before venturing into this territory.
5. Gold Mining Stocks: Investing in companies that mine, refine, and trade gold can magnify your returns if gold prices rise. However, this method is indirectly tied to the price of gold and is also susceptible to the risks associated with the stock market in general, including company-specific risks.
6. Gold Certificates: These paper certificates represent ownership of a specific amount of physical gold stored in a secure vault by a bank or other institution. They offer a way to own gold without physical possession but might have storage fees and redemption restrictions.
7. Digital Gold: A relatively new option, digital gold allows you to invest in fractional ownership of physical gold stored securely. This method offers affordability and easy online buying and selling, but regulations and risks associated with the specific digital gold platform need to be considered.
Top 10 Tips for Investing in Gold:
1. Do your research: Understand the gold market, different investment options, and their associated risks and rewards before investing.
2. Set investment goals: Align your gold investment strategy with your overall financial goals and risk tolerance.
3. Diversify: Don't put all your eggs in one basket. Gold should be a part of a diversified portfolio.
4. Start small: Begin with a smaller investment to test the waters and gain experience.
5. Consider fees: Compare fees associated with different investment options like storage costs for physical gold or expense ratios for ETFs and mutual funds.
6. Think long-term: Gold is generally considered a long-term investment. Don't expect quick gains.
7. Store securely: If you buy physical gold, ensure secure storage in a safe deposit box or a reputable vault.
8. Beware of scams: Be cautious of get-rich-quick schemes or companies offering unrealistic returns on gold investments.
9. Stay informed: Keep yourself updated on economic factors and events that can influence gold prices.
10. Seek professional advice: Consult with a financial advisor to create a personalized investment strategy that includes gold, if appropriate for your financial goals.
By understanding the different ways to invest in gold and following these valuable tips, you can make informed decisions and potentially benefit from incorporating gold into your investment portfolio. Remember, gold is a valuable asset class, but it's not without risks. Do your research, invest within your risk tolerance, and enjoy the journey of exploring the world of gold investing.
Gold Asian Session Buy Recap 80 pipsTook successful buys on gold after price broke resistance, waited for a pullback and entered anticipating price to move up with Asian volume. Looked to target a 4hr wickfill and stops were placed below the previous 30m candle.
I was Right On Gold/XAUUSD,Watch This Video To See How I did itIn this video, I gave the full breakdown of how I could see and accurately predict Gold's bullish move before it happened.
If you enjoy my content, drop a comment, boost this video, and make sure you follow me so you won't miss my future updates.
Bitcoin's Unstoppable Rise Against the US Dollar and GoldAs we all know, Bitcoin has been the talk of the town since its inception. Its meteoric rise has left traditional investment avenues in awe, and today, I am here to shed light on an astonishing fact that will leave you even more astounded. Brace yourself for the revelation!
Since 2014, the US Dollar has only managed to make a minuscule move of 0.00006% against Bitcoin. Yes, you read that right! While the traditional financial markets have been grappling with volatility and lackluster returns, Bitcoin has been silently revolutionizing the way we perceive wealth accumulation. This remarkable statistic speaks volumes about the unparalleled strength and stability of our beloved cryptocurrency.
But that's not all! Let's compare Bitcoin's performance against another popular investment asset: gold. While gold has been considered a safe haven for centuries, it has failed to keep up with the incredible growth of Bitcoin. The precious metal has witnessed a decline in value over the same period, making it a less attractive option for investors seeking substantial returns.
Now, you might be wondering, "What does this mean for me as an investor?" Well, my dear friends, it means that the time to seize this opportunity is now! Bitcoin has proven its resilience time and time again, making it a force to be reckoned with in the investment world. Its potential for exponential growth is unparalleled, and the numbers speak for themselves.
So, I encourage each and every one of you to continue investing in Bitcoin, ride the wave of its unstoppable rise, and reap the rewards of your foresight. Don't let this chance slip through your fingers; embrace the future of finance and join the ranks of those who have already profited immensely from this digital revolution.
If you haven't already done so, consider allocating a portion of your investment portfolio to Bitcoin. It's time to diversify, explore new horizons, and embrace the possibilities that lie ahead. The world of cryptocurrencies is evolving at an unprecedented pace, and being a part of this transformative journey is an opportunity you simply cannot afford to miss.
Remember, fortune favors the bold. Take action today, and let Bitcoin be your gateway to financial prosperity. Stay ahead of the curve, and together, let's shape a future where the possibilities are limitless.
Wishing you boundless success and thrilling adventures in the world of Bitcoin!
Safeguard Your Investments Against Impending CrisesI write to you with a sense of concern and urgency regarding the current state of global financial markets. As an astute investor, it is crucial to stay ahead of potential crises that could significantly impact your portfolio. In light of this, I would like to draw your attention to two potential scenarios that demand our immediate attention: hyperinflation and a financial crisis.
1. Long Gold for Hyperinflation
2. Long BTC for Financial Crisis
To aid you in making informed investment decisions, I encourage you to calculate the probability of which crisis will hit first. By assessing the likelihood of hyperinflation versus a financial crisis, you can better allocate your resources and tailor your investment strategy accordingly. Consider consulting with your financial advisor or utilizing online tools to analyze historical data, economic indicators, and global trends. This exercise will empower you to make more informed decisions and protect your investments against potential market downturns.
Remember, the key to successful investing lies in proactive decision-making and staying ahead of the curve. By taking action now and diversifying your portfolio with long gold and long BTC positions, you can position yourself to weather any storm that may lie ahead.
In conclusion, I urge you to carefully evaluate the potential risks posed by hyperinflation and a financial crisis. Do not let complacency hinder your ability to protect your investments and secure your financial future. Act now, calculate the probability of each crisis, and make the necessary adjustments to your portfolio.
If you require any further information or assistance in navigating these challenging times, please do not hesitate to comment away below. Together, we can navigate these uncertain waters and emerge stronger.
Wishing you continued success and financial well-being.
Ninja Talks EP 16: Rain > Bird > WormTrue story:
Yesterday I was having a cigar perched under an umbrella in the rain - not ideal, but peaceful nonetheless. And out pops a family of birds to feast on the worms that rise to the surface in need of some high quality H2O - little did I know, this would become one of my favourite trading metaphors of all time!
The Rain = Despair/Panic
The Birds = Conscious Investors
The Worms = Unconscious Investors
Look at it like this, when there is despair in the markets and most Bambi traders are caught offside - they panic - they lose hope, and despair grips their fragile little psyche like a 1 year old baby gripping a blueberry for the first time.
They begin to pop to the surface and "show their hands" - which is completely unconscious emotional behaviour not rooted in reality, experience or indeed even their very own strategy.
They're ripe to be plucked from the market.
That's where the Bird (conscious Investor) comes in - after patiently waiting for hours, days, weeks or even months, the conscious investor enters as the worm exits their positions (either manually or automatically by way of stop loss).
The bird claims the prize...
...and the worm never learns.
This cycle is as old as the markets themselves and is just a constant reminder that, as Warren Buffet once said;
"The stock market is a device for transferring money from the impatient to the patient."
From the unconscious to the conscious.
From the worm to the bird.
From the amateur to the pro.
This is trading.
The most patient trader who can abstain from emotional and physiological urges gets to observe more data from the market, thus giving him a higher level of certainty to act on said data - and when it's time to act, fear is nonexistent in his mind.
Understand?
See you in the next episode Ninjas!
What would happen if Russia pegged the Chinese yuan to gold?If Putin goes ahead with pegging the Chinese Yuan to gold instead of the US Dollar a number of things can happen.
Factor #1: US Dollar will be challenged
This will for the first time, challenge the US dollar's status as the world's dominant reserve currency. People may look to invest elsewhere, which could cause instability.
Factor #2: Domino effect
There could be an effect where other countries may follow suit and start pegging not only YUAN but maybe even their currencies to gold as well.
Factor #3: Yuan could be the next reserve currency
This move could be the start of Chinese yuan’s step to power and control. It could get to the stage where the value of the yuan would be determined by the price of gold, rather than the value of the US dollar.
Factor #4: Demand will pick up and other countries will hold gold
This move could result in countries increasing their gold reserves, which could lead to a further increase in the demand for gold. The demand for gold would increase, which could drive up the price of gold in the short term.
Factor #5: Bad for the US dollar
The US dollar would likely depreciate against other major currencies, such as the euro and yen, as investors shift their focus away from the dollar. The US would face increased competition in international trade, as other countries begin to use the yuan as a reserve currency instead of the dollar.
Factor #6: More power for China
China's economic power would increase, as it becomes more closely tied to the global gold market.
Factor #7: Strong partnership between Russia and China
Not only will Putin and Xi be making more crepes together, they will also be making more gold. The move would also strengthen Russia's position in the global financial system, as it becomes a key player in the gold market.
Factor #8: The shift of the New World Order
The stability of the global financial system would be threatened, as it adjusts to a new world order with a different reserve currency. Also the move could lead to increased geopolitical tensions, as countries jostle for position in a new world order dominated by gold instead of the US dollar.
Have I missed anything?
NFP: are you readyWhat is the impact of non-farm data on the gold market?
Non-farm data actually consists of two sets of data, the major non-farm data and the minor non-farm data. As these two sets of data reflect the development of the US economy, they not only affect the US dollar index but also often impact the ups and downs of the gold market.
Good non-farm data indicates a strong economy and is bearish for gold, while poor non-farm data is bullish for the gold market. The major non-farm data is composed of three indicators published by the US Department of Labor's Bureau of Labor Statistics: non-farm employment, the employment rate, and the unemployment rate. Compared to minor non-farm data, the major non-farm data more directly reflects the current economic situation in the United States. Non-farm data is usually released on the first Friday evening of each month, two days later than minor non-farm data. Investors typically wait for the release of the data and make judgments about the specific trend of gold prices to earn profits.
The impact of non-farm data on the gold market is mainly concentrated on these two points in time. The non-farm employment, employment rate, and unemployment rate can directly reflect the development and growth of the manufacturing and service industries in the United States. The better the economic development, the more likely it is to lead to a decline in gold prices, while poor economic development can lead to a certain degree of increase in gold prices.
Overall, non-farm data is just one set of data, so in practical operation, major and minor non-farm data can influence the trend of the gold market, but cannot truly determine the trend of the gold market.
Are you ready for the upcoming non-farm data release tomorrow?
Join the discussion channel to discuss together! Catching the opportunity is key.
What should be noted in hedging gold futures?Generally, traders who participate in buying and selling gold futures contracts sell and buy back the same number of contracts as the previous contract before the contract expiration date, which is known as closing out, without the need for physical delivery of gold. The profit or loss from each transaction is equal to the difference between the buy and sell contracts in opposite directions, and this trading method is commonly known as hedging.
Gold investors will hold two losing positions in hedging. It is precisely because their positioning in hedging is somewhat misguided that they suffer heavy losses in actual trading, making people fearful of hedging transactions.
Common structural flaws in hedging transactions include: investing too many products in hedging plans, excessively using embedded leverage trading, making products too complex, insufficient research on how hedging transactions are executed in rising or falling prices, and speculating under the guise of hedging.
So what should we pay attention to?
Stochastic Trading Indicator 📉📉📉📉 The Stochastic Oscillator is a momentum indicator that shows the location of the close relative to the high-low range over a set number of periods. The indicator can range from 0 to 100. The closing price tends to close near the high in an uptrend and near the low in a downtrend.
📉 The stochastic indicator is a two-line indicator that can be applied to any chart. It fluctuates between 0 and 100. The indicator shows how the current price compares to the highest and lowest price levels over a predetermined past period.
📉 How do you use a stochastic indicator?
How to use the Stochastic indicator and “predict” market turning points
If the price is above 200-period moving average (MA), then look for long setups when Stochastic is oversold.
If the price is below 200-period moving average (MA), then look for short setups when Stochastic is overbought.
📉 The Bottom Line. While relative strength index was designed to measure the speed of price movements, the stochastic oscillator formula works best when the market is trading in consistent ranges. Generally speaking, RSI is more useful in trending markets, and stochastics are more useful in sideways or choppy markets.
What do you think ? Comment below..
Gold 100 pips Buy Breakdown 1890-1900Gold had formed a clear support during London Session on the 30m and 1h timeframes. We had strong bullish momentum so my bias was bullish in the short term. I then switched down to the 15m timeframe to look for a good entry to minimise drawdown.
When a bullish 15m candle closed starting from support, I waited for the next candle to form bullish and my final confirmation was that it broke the high of the previous bullish 15m candle. Then I entered the trade.
My stops were below the 15m wick rejections and my two targets were 1897 and 1900.
Both targets were smashed within a few hours with very minimal drawdown.
If any candle from 15m upwards closed below support, I would have closed my positions as it was invalidate the setup.
EDUCATIONAL - POSSIBLE BULLISH SCENARIO OF GOLD (XAUUSD)This is an insight into the possible movements of gold we might be seeing in the coming week, generally, we are bullish bias unless proven otherwise. TRADE WITH CAUTION
Gold - Trade setups to avoidWe have been posting potential bullish trading signals on Gold and the ways in which to enter this trending market of late, as the probability for these has been very high.
Now, the market doesn't trend in a straight line, so when we saw the price in Gold make its way to the $1900.00 level we looked to see if we could get any confirmation selling signals for a potential profit taking opportunity.
Its easy for anyone to show profitable trades but we believe that showing examples of why you wouldn't take a trade or what to look for to avoid a potential losing trade is just as important.
As you can see from the 15 Minute chart, price started to form a bearish selling 3 drive pattern at the highs just above the 1900 level. When we saw the 3rd and final drive high reject a little lower this sparked our interest.
With any price pattern we look to trade we don't want to enter right at the 3rd drive because we have no proof that price will stop there and do what you want it to do. Instead we drew a lower trend line in the hope that price could continue lower and break this to the downside. Until this happens, we are sitting on the fence and staying away.
What happened in the end was that the momentum in Gold was still very strong and price actually used the higher 3 drive trend line to retest this on the topside to propel price higher.
No break of the lower trend line, no trade. Sometimes its better to walk away and live to trade another day then to let ego get the better of you.
Gold Ways to enter a trend with higher probability and accuracyWe recently posted about Gold and how to execute with better entries off of using price structure and patterns.
The last comment we made is that we would be keeping a close look at Gold for any pullbacks that could show good price structure for potential buying signals inline with the current underlying bullish trend.
We have zoomed into the 15 Minute chart to give you more detail in the price action that you cannot always get on the higher time frames. As you can see from the chart the pull backs have not been deep, but good enough that we have clearly seen two bullish price patterns complete at the lows of each pullback.
Both of these patterns were 3 drive bullish patterns where on the 3rd drive lower, price began to trade higher thus completing the potential patterns.
Just seeing these patterns alone, even when inline with the current underlying direction is not enough, so to help us in our execution we look to find a higher inner trend line in the hope that this too will break to the upside which can help strengthen the pattern while also pin pointing an exact entry level on the retest on the top of the trend line.
Risk management - For these trades it's made easier to know where to place a stop loss because we are trading the pattern so placing it just below the 3rd and final drive is all we need to do which allows for a pretty tight protection level. On the upside, because we are in a strong trend we would look to scale out profits along the way while also looking to trail your stop loss as price moves higher.
GOLD (OZ) 4H - Long SetupTVC:GOLD although being in a downtrend in 4H timeframe, it took support from the demand zone & buying pressure is clearly visible.
Gold Potential Buy SetupConfluences:
Support region/Line + 15 min Double bottom
How will I enter ?
I will wait for a clean break above zone and retest once a bullish candle forms I will buy.
Take profit - Is in the region of of 85-95pips.
Stoploss will be 25-30 pips.
We are looking at a 1:3 risk to reward ratio.
GOLD (XAU/USD) Potential move on the DAILY Saw this support & resistance, As you may know the market sentiment around GOLD is bullish. However before I decide to step in I can see this playing out before upside targets.
