Search results

Hi, Chart trading gold futures or gold miners or both? Do you find COT reports useful for trading gold? My short term (2-3 days) call is 60/40 bullish. Looking for 1820 touch.

Focus on one favorite pattern and train pattern identification on historical charts or live demo first. Hope this helps. List of patterns and their probabilities can be found in Bulkowski book on chart patterns.

Buy some, trade some, invest some, mine some, loose some more is the way to learn.

I am not saying it is happening now, or maybe it is and BTC should have been even higher, but these instruments are there to be used when the time comes to end with unregulated cryptos. Imo only regulated, traceable, taxable cryptos and fedcoins will survive in the long run.

All derivatives on BTC like futures and ETFs have been allowed to trade with only one purpose to depress the price of BTC without having to own it.

Polexit is BS. They are not going anywhere for sure. Real estate is hot there.

It is both luck and persistence/skill imo. We have a proverb like this: "Luck needs your help". Persistence opens new doors and opportunities not available to idle men. Sadio Mané is a good example. The element of luck is as inseparable from the operation of the market as the element of...

I don't think retail trader can beat HFT trading the initial reaction directional. But there may be profit trading the post-earnings announcement drift (PEA). Accounting papers call it also SUE (standardized unexpected earnings). It is a well studied phenomenon in the accounting world. If there...

Good call. V shaped rebound after earnings, now into post earnings drift for a while.

Synthetic Long Stock: Long Call, short Put Synthetic Short Stock: Short Call, long Put Same strikes, 1:1 ATM

Do you think gold will take out 2011 highs this year?

Bitcoin bear has arrived. Price crossed 50 MA on Apr 18 and has not recovered since. Just crossed 100 MA 2 days ago on volume. Cramer selling his stake was market top news imo (Apr 15). https://www.cnbc.com/2021/04/15/jim-cramer-says-he-sold-some-of-his-bitcoin-and-paid-off-a-mortgage.html...

Prior to crypto all ransom was paid in cash yet nobody banned cash. Cartels moving cash in trucks yet nobody banned cash or trucks. Major banks laundered drug monies yet nobody banned banking.

Books on swing trading: Edwin Lefèvre, Reminiscences of a Stock Operator J. Welles Wilder, New Concepts in Technical Trading Systems

This is 50 years of SPX/Spot gold ratio SPX/XAUUSD. Interestingly the bull run which started in 1980 ended exactly in 2000 so lasted 20 years and the reversal lasted 10 years, so half of it. It looks as if we are in the middle of another 20 year bull market so there is a room to go. In addition...

Chart from Goldman Sachs research report shows how drastically bitcoin is beating all major traditional asset classes so far this year. Source: Goldman Sachs

There are rumors that US Treasury wants to tax crypto gains at 80%.

The squid ink eater is probably talking it down to buy some more in the dip.

There is an Exponential Smoothing (ETS) algorithm in MS Excel. Function name is FORECAST and it includes seasonality.

This seems no longer likely since Coinbase went public.