So there is one instance where gold price and US Yields have convergence in direction... The 4 years leading up to the housing market bubble. I would be very concerned if we were only now entering a 4 year cycle to the top.
This chart shows that Gold is currently at or nearing a high in comparison to the US Real yields cycle, and not at the buying price that many think it is. A possible 24% correction is in order IMO.
This most likely course for gold to take over the next week. I believe GLD will fill the gap, test TL, and then be rejected and break down lower. Scalping up to TL, and then Short will be the positions i will be looking to take. I dont believe that Gold will be a safe bet in the event that we see a 5-10% correction in the overall market.
Like the EUR/USD this pair looks amazing on the ADX Breakout strategy once tuned properly. It even has far less draw down! The one thing i did notice is like what is shown on the chart. GBP/JPY does have a tendency to near the limit order and then make a run in the opposite direction occasionally. So in an attempt to see if i can trim losses while maintaining a...
Tuning Rob Bookers ADX Breakout Strategy on the 30 min EUR/USD looks to be a very constant high return if you can handle the drawdown. I will begin trading the strategy with a small cash account to see how it does live.
I am also using the same strategy on GBP/JPY except i seem to be able to control my losses more with a trailing stop as this pair likes to get...
