Posts de camerongill

Gold Trader dans Systèmes de Trading May 21, 2020 at 23:57

There was quite a bull-trap on XAUUSD yesterday and massive sell-off due to the strengthening USD (on worse jobless figures!). Normally on gold you get those sorts of moves as bear-traps, so perhaps the bias is changing.The gold bull in me is looking for a move down to the $1710 region and then bounce off the lower trend-line upwards. However a decent break of the lower trend-line could be on the cards and in that case will reassess.https://www.myfxbook.com/files/camerongill/gold_22052020.pngIt is definitely a gold bull market when you look at the daily chart and have seen some crazy moves ove...

Gold Trader dans Systèmes de Trading May 15, 2020 at 03:24

Yesterday we finally saw the breakout on the daily chart and it was a strong move upwards.https://www.myfxbook.com/files/camerongill/gold_15052020.pngWhat normally happens now is that the price comes back to re-test the back of the upper trend-line, which is around the 1710 to 1750 territory before a stronger move upwards. Will wait and see...Unfortunately Gold Trader did not pick this move as the over-sold condition was not met and trades are not actioned during that time frame (due to common volatility). Gold Trader tends to pick up the range-bound long trades and not the big moves (up or do...

Gold Trader dans Systèmes de Trading May 13, 2020 at 05:31

The dollar strengthening is continuing. If you have time go to YouTube and look up a chap by the name of Brent Johnson (Santiago Capital) and his talks on the 'dollar milkshake theory'.What is interesting though is that Gold is holding up with the strengthening dollar.Gold has been moving sideways for some time now and we are all waiting to see which trend-line is broken to determine the direction.https://www.myfxbook.com/files/camerongill/gold_13052020.png

Gold Trader dans Systèmes de Trading May 09, 2020 at 03:12

We have seen a continued sideways movement on gold over the last week with the price coming back to the 1700 mark over and over.https://www.myfxbook.com/files/camerongill/gold_09052020.pngWhat is odd however is the economic data coming out of the US and the impact on the price of gold. Last week we had ADP Employment going from -27K to -20236K and on Friday had the popular NFP reading from -701K to -20500K with the glimmer of hope being the average hourly earning rate increasing. However, and please note that I am not an economist (and I also believe that economists have no idea what is going ...

Gold Trader dans Systèmes de Trading May 06, 2020 at 01:28

The daily gold (XAUUSD) chart is in another triangular pattern. So now it is a matter of waiting to see which line will be broken. Given the money printing underway it could be a matter of having a small pickup, then move down to lower trend-line and then a more solid move back up to take out previous highs. See blue line below.https://www.myfxbook.com/files/camerongill/Gold_06052020.pngIf there is a break of the lower trend-line then we could see a move back to the 1560 territory.It was also interesting to see the comparison between XAUUSD and XAUEUR yesterday. There is obvious bullish sentim...

Gold Trader dans Systèmes de Trading May 05, 2020 at 09:55

Hi Howard,Thank you for the feedback.The stop and profit are only indicative and I am monitoring all open trades. The stop is pushed out and if price dropped then would have closed out earlier (less than 20% dd).Whilst I am long term bullish on gold I am expected further downward pressure and exited the trades early today to lock in a small profit rather than risk a bigger loss.You may have noticed that since the trades closed the price went up, came down, then had a pinbar up and down. Now at pretty much the same price of the entries today.In normal conditions I would aim to get the TP trigge...

Gold Trader dans Systèmes de Trading Apr 30, 2020 at 02:11

Hello followers,We are getting dangerously close to breaking the lower trend-line on the XAUUSD pair. There have been a couple of attempts and am waiting for outcomes from the FOMC meeting to be analysed by the market.https://www.myfxbook.com/files/camerongill/gold_30042020.pngBitcoin had a massive bullish move yesterday and would have thought that gold would have picked up on this, however it has mainly been in a sideways pattern for a couple of days now after that sell off earlier in the week.Will be interesting to see what happens over the next few days.

Gold Trader dans Systèmes de Trading Apr 28, 2020 at 02:43

Hello followers,We have seen a massive sell-off on gold today and am closing off Gold Trader for the next few days. The reason for closing is as follows; 1) end of month tends to see more volatility on gold pairs, 2) we have FOMC interest rate decision on Wed, 3) the spread is still an issue on gold pairs (across multiple brokers), and 4) we should be seeing a NFP reading on Friday (otherwise will be the following Friday).The Gold Trader EA does not trade on Fridays, however this is not activated at the moment.

Gold and Silver Trader dans Systèmes de Trading Apr 26, 2020 at 22:41

Thanks Maxim for the analysis.The other aspect is the physical supply shortage. The Perth Mint only has minted silver, they have no cast inventory of silver. In 20 years I have never seen this lack of inventory.Will be very interesting to see where things are once the dust settles.Regards,Cameron

Gold and Silver Trader dans Systèmes de Trading Apr 26, 2020 at 22:36

Hello,Sorry, this is a test only account at the moment and would not suggest not accessing until there is at least 6 months of live account history.Check my profile and you can see another account called 'Gold Trader' this has more history.Regards,Cameron

Gold and Silver Trader dans Systèmes de Trading Apr 26, 2020 at 04:10

Hi James,This is a new test account for a revised strategy. It is trading XAUUSD, XAUEUR and XAGUSD. Also, unlike Gold Trader, trades are both long and short.Regards,Cameron

Gold Trader dans Systèmes de Trading Apr 24, 2020 at 23:19

Hello Sasakikojiro,Thank you for the positive feedback, I appreciate it.The last month has been quite difficult with the high spread on gold pairs and has had an impact on performance.Regards,CameronPS - I am not a financial advisor and out of respect, please do not trade money you cannot afford to lose. The markets are crazy at the moment and the dollar is being devalued at an increasing speed. Are you able to buy silver bullion in the US? Here in Australia you cannot buy cast bullion, only minted coins (at a premium).

Gold Trader dans Systèmes de Trading Apr 24, 2020 at 23:12

Hi James,Thank you for the contact, comments and feedback.I do not post to social media as such, however do have a Patreon page.Yes, that link is my SignalStart page, and answers to your questions;#1 - Myfxbook had a different DD and then for some reason it changed to 0.91%, this has happened within the last 2 weeks as before it was something like 14.6%. The real draw-down from a trade a month or so into the live history was from a crazy move and 16.6% is the correct figure.#2 - I have no idea why the draw-down is not shown and would think it show a historical graph.Regards,Cameron

Gold Or Silver dans Général Apr 18, 2020 at 23:22

I think that trading spot precious metals then go for gold. Gold charts are more reliable than silver charts and moves are a little more predictable. Silver is not traded as much as gold by $, so can be moved quicker and be more volatile.If holding physical then go for silver. Not that I think we would see gold confiscation again, silver may be more of a trade-able commodity when (and if) things get worse and we see hyper-inflation.Gold to Silver Ratio does not seem as valid as it used to be and not as inter-related.Will we ever see a gold-backed currency again? If so, then the central banks w...

Gold Trader dans Systèmes de Trading Apr 18, 2020 at 00:49

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 in...

Gold Trader dans Systèmes de Trading Apr 14, 2020 at 06:33

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.

Gold Trader dans Systèmes de Trading Apr 13, 2020 at 23:19

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.https://www.myfxbook.com/files/camerongill/gold_14042020.pngMy 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, inte...

Gold Trader dans Systèmes de Trading Apr 09, 2020 at 06:48

Hello followers,Check out the sideways movement on gold. It has been days now and no trades have been triggered.https://www.myfxbook.com/files/camerongill/gold_09042020.pngWhilst 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...

Gold Trader dans Systèmes de Trading Apr 08, 2020 at 07:38

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!!https://www.myfxbook.com/files/camerongill/gold_08042020.png

Gold Trader dans Systèmes de Trading Apr 06, 2020 at 02:27

Hello followers,Should have had a trade come on this morning however the spreads on gold pairs are high again on Pepperstone.https://www.myfxbook.com/files/camerongill/Gold_spread.pngHave 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 i...

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AUDUSD	0.65269	USDCHF	0.9132
EURJPY	166.95	EURCHF	0.97957
EURGBP	0.8568	GBPJPY	194.836
EURUSD	1.07265	GBPUSD	1.25164
USDJPY	155.663	USDCAD	1.36742

EURUSD	1.07265	GBPUSD	1.25164
USDJPY	155.663	USDCAD	1.36742