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I love Gold Only

kieran (snapdragon1970)
Mar 11 2018 at 21:55
1945 posts
Clauderolf posted:
Trading with gold is one of the best, it is an asset that is maintained through the years and has great high-low, in addition to the offer is safe. I like it.


Can be used as an indicator sometimes also when trading US dollar.

"They mistook leverage with genius".
WayneK
Mar 12 2018 at 06:26
2 posts
Sorry i cant agree that's its one of the best !!! At the moment it's ok because its moving sideways in a ranging motion, but the trouble with Gold is that spikes way too much and will take you out of a trade... even when you have your stop loss in the proper place.
  

Adribaasmet
Mar 12 2018 at 06:33
947 posts
Hi Kieran! Which trading indicator did you mean? Any default or custom? Actually I have very bad experience on trading indicators! Now my major is the PA trading skill.

kieran (snapdragon1970)
Mar 12 2018 at 11:10
1945 posts
Adribaasmet posted:
Hi Kieran! Which trading indicator did you mean? Any default or custom? Actually I have very bad experience on trading indicators! Now my major is the PA trading skill.


Gold usually has an opposite correlation to the US dollar, can be used as a confirmation indicator sometimes,the Dollar index is another of many, one has to be very selective with regard to indicators,some are useful but not all the time,important to know how they work just remember if everyone is using similar there's no edge. I would use Price Action,BB,SMA ,depends on if its trending or in a range. 20% Technical, 80% Fundamental.

"They mistook leverage with genius".
nonsoaneke
Mar 12 2018 at 11:27
1 posts
Yes i agree with waynek that is just the absolute nature of gold, look again at you chart you will extreme highs and lows.

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