Gold in 2011 - Commodities Futures Trading | futures io social day trading
futures io futures trading


Gold in 2011
Updated: Views / Replies:12,490 / 114
Created: by aquarian1 Attachments:33

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 33  
 
Thread Tools Search this Thread
 

Gold in 2011

  #31 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,247 since Dec 2010
Thanks: 1,167 given, 1,760 received
Forum Reputation: Legendary

Target attained - wait

Friday, February 04, 2011


Reply With Quote
 
  #32 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,247 since Dec 2010
Thanks: 1,167 given, 1,760 received
Forum Reputation: Legendary

Hi martifc,

At zeroedge
Better than Gold? ? Jim Rogers Thinks So. | zero hedge
a clipping from capital edge at the bottom
"To continue with the rest of our Inflationary Holocaust Survival Guide, go to http://www.gainspainscapital.com and click on FREE REPORTS [at the top]. All in all its 14 pages explain not only why inflation is here now, why the Fed is powerless to stop it, and three investments that absolutely EXPLODE as a result of this (including Jim Rogers personal favorite on playing agricultural commodities).

If you go there to the free reports - they ask for name and email and then give you a link to their reports of which their are three. The report on inflation 14pg PDF, I think you'd like - basically buy gold bullion, agriculture etc

Reply With Quote
 
  #33 (permalink)
Elite Member
Clerkenwell, London
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: 6E
 
martifc's Avatar
 
Posts: 59 since Dec 2010
Thanks: 16 given, 26 received



aquarian1 View Post
Hi martifc,

At zeroedge
Better than Gold? ? Jim Rogers Thinks So. | zero hedge
a clipping from capital edge at the bottom
"To continue with the rest of our Inflationary Holocaust Survival Guide, go to http://www.gainspainscapital.com and click on FREE REPORTS [at the top]. All in all its 14 pages explain not only why inflation is here now, why the Fed is powerless to stop it, and three investments that absolutely EXPLODE as a result of this (including Jim Rogers personal favorite on playing agricultural commodities).

If you go there to the free reports - they ask for name and email and then give you a link to their reports of which their are three. The report on inflation 14pg PDF, I think you'd like - basically buy gold bullion, agriculture etc

Thanks. He's always good fun is Jim Rogers.

I'm not saying that a hyperinflation will happen, but it is a possibility the way they are going. I read Market Wizards recently which was written 20+ years ago, and many of the traders interviewed were scared of the debt levels back then - the debt has continued to increase exponentially since then and shows no signs of slowing down.

Interview with Donald Trump here using such phrases as "you're going to pay $25 for a loaf of bread soon" - and he's considering running for president!

How Hyperinflation Will Happen in America

Reply With Quote
The following user says Thank You to martifc for this post:
 
  #34 (permalink)
Just starting out...
London, England.
 
Futures Experience: Intermediate
Platform: IB + free NT.
Favorite Futures: GC, YM.
 
Tartimo's Avatar
 
Posts: 11 since Nov 2010
Thanks: 10 given, 6 received

Hi guys,

I am happy to join this thread because I am interested in gold, but more from a GC pure price movement perspective than from press reports (although you have given links to some very entertaining articles!).

I am fairly new to futures.io (formerly BMT)F and will add a chart if I can ever work out how to upload one...

I like trading GC because I see it as a pure price chart (btw I look at the April contract because that is where all the volume is currently). My interpretation is that GC has just completed a reverse head-and-shoulders with a 1347/49 neckline (most visible on the 4-hour chart). GC closed above 1349 yesterday and spent today consolidating just above this neckline. Classic H&S price projection yields a target in the 1385 region.

Regards,
Tartimo.

Attached Thumbnails
Gold in 2011-gc4hour.gif  
Reply With Quote
The following user says Thank You to Tartimo for this post:
 
  #35 (permalink)
Elite Member
australia
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: -
 
Posts: 300 since Sep 2010
Thanks: 123 given, 137 received


Tartimo View Post
Hi guys,

I am happy to join this thread because I am interested in gold, but more from a GC pure price movement perspective than from press reports (although you have given links to some very entertaining articles!).

I am fairly new to futures.io (formerly BMT)F and will add a chart if I can ever work out how to upload one...

I like trading GC because I see it as a pure price chart (btw I look at the April contract because that is where all the volume is currently). My interpretation is that GC has just completed a reverse head-and-shoulders with a 1347/49 neckline (most visible on the 4-hour chart). GC closed above 1349 yesterday and spent today consolidating just above this neckline. Classic H&S price projection yields a target in the 1385 region.

Regards,
Tartimo.

Tartimo, there do not seems to be many gold traders in futures.io (formerly BMT). Will be great to hear more about how you trade gold.

Do you intraday trade GC? How is the daily price movement in GC? Do you only use time charts?

Reply With Quote
 
  #36 (permalink)
Elite Member
Clerkenwell, London
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: 6E
 
martifc's Avatar
 
Posts: 59 since Dec 2010
Thanks: 16 given, 26 received


Tartimo View Post
Hi guys,

I am happy to join this thread because I am interested in gold, but more from a GC pure price movement perspective than from press reports (although you have given links to some very entertaining articles!).

I am fairly new to futures.io (formerly BMT)F and will add a chart if I can ever work out how to upload one...

I like trading GC because I see it as a pure price chart (btw I look at the April contract because that is where all the volume is currently). My interpretation is that GC has just completed a reverse head-and-shoulders with a 1347/49 neckline (most visible on the 4-hour chart). GC closed above 1349 yesterday and spent today consolidating just above this neckline. Classic H&S price projection yields a target in the 1385 region.

Regards,
Tartimo.

Welcome Tartimo,

IMHO you can't have a serious gold thread with some fundamental doom and gloom talk!

I have to say that I take extreme technical analysis with a big pinch of salt, especially in a market like gold. Geopolitical events cannot be ignored - the events in Egypt started at a time when gold looked under severe pressure, with lots of articles in the mainstream financial press suggesting that the gold boom may be over.

Keep posting.

Reply With Quote
The following user says Thank You to martifc for this post:
 
  #37 (permalink)
Just starting out...
London, England.
 
Futures Experience: Intermediate
Platform: IB + free NT.
Favorite Futures: GC, YM.
 
Tartimo's Avatar
 
Posts: 11 since Nov 2010
Thanks: 10 given, 6 received

Jonc,

Whilst I agree with Martifc that fundamentals such as Egypt do move the price of Gold, I cannot predict when the price of Gold will take off on such fear concerns; so I confine my trading to watching the price action.

The short answer to your question is that I mostly day-trade GC, and only during the Comex pit session hours when volume is at its greatest (08:20 EST to 13:30 EST). GC moves in a rough $15 range (150 ticks) each day, although the last 3 weeks have been more volatile with an ATR just over 200. I am not an uber-scalper and look to take 1 or 2 trades a day although if gold has already made a big move overnight then I won't take a trade. Timeframe is 15 mins and below, I try to enter near to Support & Resistance levels, look to take off half and run the balance with a stop tightened to entry. I only use one indicator, the Value Chart. I like to keep things as simple as possible, some may therefore criticise me for not taking account of the fundamentals, producer hedging, the World Gold Conspiracy, central bank price manipulation, etc.

I must mention stops. USE A STOP ON EVERY GC TRADE OR YOU WILL GET YOUR HEAD RIPPED CLEAN OFF!! Don't even think about using mental stops when trading gold, it moved $15 in 9 minutes two days ago and such moves are not uncommon. Part of my strategy with gold is to keep chipping away with a stop in place and hope to catch a runner every so often, exiting runners by progressively trailing my stop.

The longer answer to your question involves a discussion about holy grail searching, developing your own trading method with a market which suits your own personality, etc. and should really be the subject of a separate post. I toyed with YM for a long time but when I switched to GC I found my mind was much clearer and I was happier just focusing on the price action for a few hours a day.

Regards,
Tartimo.

PS The only non time-based chart I use is a point & figure chart to help keep track of the bigger picture on the daily GC chart.


Last edited by Tartimo; February 5th, 2011 at 02:33 PM. Reason: Added post-script about p&f charts.
Reply With Quote
The following user says Thank You to Tartimo for this post:
 
  #38 (permalink)
Elite Member
Clerkenwell, London
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: 6E
 
martifc's Avatar
 
Posts: 59 since Dec 2010
Thanks: 16 given, 26 received

Geopolitical events don't mean much on an intraday trading basis I agree, but with the Egypt situation last week I'd be more inclined to get with any upward moves and be wary of fading any supposed resistance. I try to just go with the flow with gold.

Ps. I agree with you on GC stops!

Reply With Quote
 
  #39 (permalink)
Elite Member
australia
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: -
 
Posts: 300 since Sep 2010
Thanks: 123 given, 137 received


Tartimo View Post
I only use one indicator, the Value Chart.

Tartimo, what is a value chart?

Reply With Quote
 
  #40 (permalink)
Just starting out...
London, England.
 
Futures Experience: Intermediate
Platform: IB + free NT.
Favorite Futures: GC, YM.
 
Tartimo's Avatar
 
Posts: 11 since Nov 2010
Thanks: 10 given, 6 received

Value Chart


Hi Jonc,

The Value Chart is an oscillator-type indicator that was developed by Mark Helweg & David Stendhal (their website is Chart Research - Value Charts - I have no association with them).
I downloaded the free ValueChart indicator for NT 6.5 from the NinjaTrader website - the link is here
Links and Downloads Manager - NinjaTrader Support Forum
It may work on NT7 too but I am not a techie. Mr Stendhal is not possessive about his indicator and there is free code for the ValueChart all over the web if you are using a different charting package.

I use it as a divergence indicator to try to spot potential turning points in a market (price makes a higher high but the ValueChart makes a lower high, and vice versa for lows) at Support and Resistance areas. A reading of +8 signifies overbought and -8 signifies oversold. Like any indicator it lags price by a bar or two and obviously it does not work every time. Don't forget your stop!

Regards,
Tartimo.

Reply With Quote
The following 2 users say Thank You to Tartimo for this post:

Reply



futures io > > > > Gold in 2011

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Drag Race! 2012 Nissan GT-R vs 2011 Chevy Corvette Z06 vs 2011 Shelby GT500 Big Mike Off-Topic 10 December 25th, 2011 06:10 PM
Crude in 2011 aquarian1 Commodities Futures Trading 201 September 23rd, 2011 06:04 AM
Market is likely to be down for the year 2011 or 2012 kbit News and Current Events 2 July 26th, 2011 03:17 PM
Silver in 2011 aquarian1 Commodities Futures Trading 184 June 26th, 2011 12:37 AM


All times are GMT -4. The time now is 05:36 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-17 in 0.16 seconds with 20 queries on phoenix via your IP 54.163.210.170