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Gold Trader

Zisk +152.7%
Max. propad 37.69%
Pipy: 24411.0
Obchody 639
Výhra
Ztráta
Typ Reálný
Finanční páka: 1:400
Obchodování Ručně
Cameron Gill (camerongill)
Mar 30 2020 at 07:59
110 zpráv(a,y)
Hello followers,

A quick update... Gold Trader does not trade the last 2 days of the month so am waiting for mid week for more trades.

End of month is a common time of volatility and expiring options. Also commercial traders often close positions at the end of the month.

Gold is still showing very high spreads and has been side-ways for the last 4 days. It feels like a major move is brewing. Analyst are predicting further downside, I am on the fence and am waiting for the charts to tell the story.


Cameron Gill (camerongill)
Apr 06 2020 at 02:27
110 zpráv(a,y)
Hello followers,

Should have had a trade come on this morning however the spreads on gold pairs are high again on Pepperstone.





Have checked and the spreads on currency pairs are normal so am not sure why gold pairs are impacted. Pepperstone said that all brokers are affected however am going to do some comparisons.

Given that the Non Farms on Friday were terrible for USD I am surprised that gold did not shoot up further. This demonstrates that people are converting to USD, so we have a combination of dollar conversion and gold holding up in the circumstances.

Please also note that the difference between spot gold/silver and bullion is increasing even further, especially on silver. It does appear that spot and physical pricing of precious metals will continue to distance from each-other.
 

Příloha


HappyForex
Apr 06 2020 at 07:13
255 zpráv(a,y)
Yes from March 24 is huge spread for GOLD

Cameron Gill (camerongill)
Apr 08 2020 at 07:38
110 zpráv(a,y)
Gold is just going sideways and still jumpy with large spread.

Will be very interesting to see which trend-line is broken.

Some analysts are talking gold down and saying that after Easter there should be a break-down. Others are expecting a retest of the 1702 mark hit a few months back. They may both be right!!




Příloha


Cameron Gill (camerongill)
Apr 09 2020 at 06:48
110 zpráv(a,y)
Hello followers,

Check out the sideways movement on gold. It has been days now and no trades have been triggered.





Whilst I would love to have trades opened I am also cautious and do not want to trade for the sake of having an open position. The spreads are still considerable and there is a jumpy nature in the movement of the price on gold.

Due to the fact that no trades have now been activated in almost a week I am looking to add a ranging trade component to pick up at the lower oversold region. Am testing and plan to add next week after Easter holidays.

Příloha


suttos
Apr 13 2020 at 21:38
267 zpráv(a,y)
I'm confused. You manage a buy-side gold EA and the price of gold has gone from 1589 to 1720 in a few days and you've made less than 1%. You don't get too many easy clean moves like that a year.
What have you learned from this mistake?

Cameron Gill (camerongill)
Apr 13 2020 at 23:19
110 zpráv(a,y)

Gold has broken to the upside and unfortunately no trades were triggered for the Gold Trader strategy. Gold is not coming back to oversold areas for decent entries however do not want to get in and then the price comes down to draw-down and risk loss.

This is a positive for gold pairs where several analysts were talking about a correction straight after Easter.





My opinion is that all this fiat money printing is going to have to put bullish pressure on gold and silver. It is common sense that if the dollar is being devalued further, interest rates are super low and stock markets being propped up with further downside in sight, that gold is a solid store of value.

Also keep in mind that the futures price for gold is higher than the spot. Plus inventory at mints and bullion dealers are very very low. Bullion prices now have a considerable premium.

Saying that, it appears that people are moving into survival modes and keeping cash. The central banks would also not want gold price to strengthen as they want people to retain faith and confidence in dollar (over gold), and it is a sign of higher inflation.

Příloha


Cameron Gill (camerongill)
Apr 14 2020 at 06:33
110 zpráv(a,y)
suttos posted:
I'm confused. You manage a buy-side gold EA and the price of gold has gone from 1589 to 1720 in a few days and you've made less than 1%. You don't get too many easy clean moves like that a year.
What have you learned from this mistake?


The EA is not running at the moment. We have very high spreads on gold pairs and the oversold condition for entry has not been met.
Gold Trader is not a longer period trade strategy.

Cameron Gill (camerongill)
Apr 18 2020 at 00:49
110 zpráv(a,y)

What an amazing two months of price movement on the gold pairs.

First we had the initial financial market shock. Whilst it appears the virus was what popped the debt bubble (and correction we have been waiting for on stock markets), it is not over. Then central banks came out with QE Infinity. So the bubble has been kept from popping by patching over with excessive money printing, and whilst some air has been released from the bubble, it is still inflating at a rate of knots.

What this means for gold is that gold followed down the financial markets, especially as the virus could not be priced into the markets on all fronts. Then the money printing started and we saw a 'V' recovery which has since continued.





The next question is this... where is gold going from here? Late March gold analysts were talking down gold and around the 1630 mark were saying it was going back to 1400. What transpired was a move from 1580 past the more recent 1703 high right up to 1750 territory. The price could not hold about 1703 and yesterday saw a move back to 1680. The daily momentum moved from bullish to bearish on last Wed/Thur, so am looking for a potential move back to 1620.

Whereas before we could discuss physical supply, it is now very apparent that mints and bullion dealers are dry. I checked Perth Mint to buy some silver bullion and they only had 1 oz bars left, no 10 oz or 1 kg. Whist at the moment it is not appearing to impact the spot price, I suspect that in the coming weeks it will, especially as industry starts back up again and they need silver for their manufacturing (circuit boards, pace-makers, solar panels etc...).

Fascinating times.

Gold Trader does not pick up on the major moves, only the small range bound zig-zag buy opportunities. Am waiting to see what happens next week.

Příloha


jamesbillionaire
Apr 24 2020 at 10:27
36 zpráv(a,y)
Hi Provider (camerongill),

I like your way of trading. You are responsive and two-way communication.
Can I join your other channel for keeping in touch with you? E.g.; WeChat / Telegram / Facebook Page / FB Group ... etc?

Is this your SignalStart page?
https://www.signalstart.com/analysis/gold-trader/63516

Question:
#1 Why in SignalStart your Drawdown is 16.68% and in myfxbook only 0.91%?

#2 Why you click the red color box in the middle (Drawdown) area, it does not show the Data in Signalstart.
Printscreen example: https://prntscr.com/s55maw

I want to copy your trade!

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