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GLD trade ideas

the last stand-100 as the USD flexs before decades of downfall... the monthly fractal obelisk structure has started shaping up a couple months ago on all markets and will rally hard. as all final stands do. What you are about to find out tho...is IF you balanced your dollar properly the entire time, since its creation...you'd have a much more controlled and less painful ride back to balanced data.. the amount of imbalance across the global financial markets has never been this high...bitcoin doing its thing has just set things to a laughable hollywood type of scenario which ends with a big bang.
AMEX:GLDShort
by Second2Nun
GLD/SLV Ratio - time for a correction?This chart depicts the GLD/SLV ratio since the start of the almost 11 year bull market. As you can see the ratio reached a high at about the time the market starting crashing back in 2008 of 8.8, and hit a low of 31 when gold topped out in 2011 (those boundaries defined by the FIB chart). It has steadily climbed within two very defined channels to new highs as gold and silver have been out of favor for most of the 11 year raging bull. Gold and silver did have a brief shining moment in 2016 while the market digested its 5 1/2 year gains before the next leg of the bull market (see drop in ratio at start of 2016). During the last leg the ratio reached a historical 100 year peak at 9.4 (a 94 gold to silver ratio). During gold and silver's shining moment that began in June this year you can see the 94 peak collapsed (right at the support channel of the first channel) through the second channel and gave way to a ratio of 8.0 as silver outpaced gold's gains on a percentage basis. The ratio has worked its way back to 8.6 as gold and silver have consolidated their big moves that started in June. As you can see it has stalled right at the underside of the second channel as well and should continue to fail as gold and silver start to rise again. A break of 8.35 (which represents the 2015 top before the 2016 low of 6.5), which is marked by the horizontal line and the red .236 level on the inset FIB chart marking the 9.4 top and 8.0 bottom, and the flood gates should open again. If history is correct, and this chart follows a similar pattern to that of 2008-2011 (even at a slower pace), this is the time to buy silver (and gold ) and protect your equity investments that appear to be due for a breather.
AMEX:GLD
by BobbySpa
GLDSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets. * Click Like and Follow to Support My Work! --- Hi Traders, I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets. This post is my sharing of how I think about systematic trading and the signals generated by the System T. (This is my opinion only, NOT the financial advice.) I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart. Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement. (Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.) System T performances above will give you an idea of how it performs in the last 20 years. Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals". Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/ Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade. Thank you and good luck! --- DISCLAIMER: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only. Do your own due diligence, and take 100% responsibility for your financial decisions. Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading. - Content is for education purposes only, not investment advice. - Trading involves a high degree of risk. - We’re not investment or trading advisers. - Nothing we say is a recommendation to buy or sell anything. - There are no guarantees or certainties in trading. - Many traders lose money. Don’t trade with money you can’t afford to lose.
AMEX:GLDLong
by System_T
GLD - Full AnalysisThis is a historical chart of GLD since inception of the ETF. It is my favorite long term chart pattern on the board right now. With markets all over the world making new highs and the almost singular focus on equities, gold is quietly doing some amazing things. If you look at the historical run it had after the 2008 flash crash, it made a methodical climb to its peak. I have marked the impulse legs and the corresponding flags with FIBs that show corrections were never deeper than .5 with half only .382. The current FIBs show a similar pattern emerging. The first earlier in the year to .5 and now we are at .382. Note that the impulse leg that began in June cleared three prior peaks validating the strength of the upcoming move in GLD. MACD after the flash crash stayed above the even line throughout the entire run to the summit. I expect a similar pattern this time. RSI during the run never came down to the bottom of the channel and stayed around 50 during corrections. I expect the same this time around. I believe the macro FIB shows we are doing the work necessary to make it into the .236 red zone. Could we sell off a little more from here...sure can. But I think we are less than $20 away from the beginning of a new move up. Somewhere between FIB .5 and FIB .382 would be a nice place to start. Let's see what next week has in store for us. Happy Veteran's Day out there to all of you that served.
AMEX:GLDLong
by BobbySpa
GLD - Big Picture!We are doing exactly what we should be doing. Consolidating a huge up move. This flag is ten weeks in the making and about five weeks less than the flag that began the most recent breakout. Going back to 2009 and the stair step up to 2011 you can see similar flags of similar duration. I'm not calling a bottom but just want to show that we are doing what we should be doing notwithstanding that we probably would have liked to see another move up. Macro economic conditions have favored equities that last couple months but gold's day to shine is coming. Maybe need a little more oversold and a touch of the 200 day before we head up again. We are at the bottom end of the range of the flag right here and may get a bounce before making another move down. Next week should be interesting. Market making new highs daily but lots of charts looking top and RSI at extreme overbought levels. We shall see. Have great weekend folks.
AMEX:GLDLong
by BobbySpa
GLD - next move?I have this chart marked every which way to Sunday. Still believe that GLD and the precious metal space is due for some kind of rally. It is at an inflection point right now and a hold here would be a good sign. Could use some help from the market too. Everyday making new highs on the same trade story has become debilitating. In any event I do not believe we will see any trading below FIB .382. I follow Rick Ackerman who believes that $1448 on the December Gold contract would be a back up the truck scenario. We don't have to trade there which would be about another $20 or so. Lets see what happens. Last day of the week. Hang in there. Gold's day to shine again is coming.
AMEX:GLDLong
by BobbySpa