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


Gold in 2011
Updated: Views / Replies:12,436 / 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

  #51 (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: 3,234 since Dec 2010
Thanks: 1,163 given, 1,749 received
Forum Reputation: Legendary


jonc View Post
Aquarian, I see. I am doing both intra-day trades and longer term trade for gold. Gold tends to rise in Mar- Apr due to physical buying.

Silver is only long term trade for me through SLV. I find silver's price movements are difficult to trade short term using leverage instrument.

Hi Jonc,
The intraday must be a bit tough right now.
I hope the attached is of some help to you.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Attached Thumbnails
Gold in 2011-feb10a.jpg  
Reply With Quote
The following user says Thank You to aquarian1 for this post:
 
  #52 (permalink)
Elite Member
australia
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: -
 
Posts: 300 since Sep 2010
Thanks: 123 given, 137 received


aquarian1 View Post
Hi Jonc,
The intraday must be a bit tough right now.

Yeap, the drop below 1360 scared me into offloading some longs at 1350s only to find it go back to the 1360s in just a couple of hours.

On the hindsight, the drop to the 1350s was a golden opportunity to load more not sell :P

A strong heart is a must for trading gold

Reply With Quote
 
  #53 (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: 3,234 since Dec 2010
Thanks: 1,163 given, 1,749 received
Forum Reputation: Legendary


Hi Jonc,

Yes gold has some wild whipsaws - the manipulators have a great time with the stop-running!

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

Gold had hit 1375. 1380 here we come

Reply With Quote
 
  #55 (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: 3,234 since Dec 2010
Thanks: 1,163 given, 1,749 received
Forum Reputation: Legendary

Well done Jonc!

My call of Thurs night was all wrong (it did close below the 65 and it did not continue down).
Looks like you are in the money

you can see you 1380 (well 1379.50 - little boxes) and
next would be 1385 the bigger boxes

Glad you hung in there and listen to your own conviction!

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Attached Thumbnails
Gold in 2011-feb15.jpg  
Reply With Quote
 
  #56 (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: 3,234 since Dec 2010
Thanks: 1,163 given, 1,749 received
Forum Reputation: Legendary

april gold SMA 10 +-2%

Just experimenting. Notice the tails of the two big price bars below the 2% SMA envelope?
If it repeats to the upside then the above the high side would be 1391 area.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Attached Thumbnails
Gold in 2011-feb15b.jpg  
Reply With Quote
 
  #57 (permalink)
Elite Member
Lakeland, FL, USA
 
Futures Experience: Intermediate
Platform: Ninja
Favorite Futures: futures
 
Posts: 12 since Dec 2010
Thanks: 13 given, 3 received

Envelope information

Thanks for all the great updates. I'm learning more each day. I was wondering about your envelope. Is that a download that can be found on futures.io (formerly BMT)?

Reply With Quote
The following user says Thank You to steveg for this post:
 
  #58 (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: 3,234 since Dec 2010
Thanks: 1,163 given, 1,749 received
Forum Reputation: Legendary


steveg View Post
Thanks for all the great updates. I'm learning more each day. I was wondering about your envelope. Is that a download that can be found on futures.io (formerly BMT)?

(I don't know it there is this indicator at futures.io (formerly BMT), but if you ask the question in the question box - I'm sure someone can help you.)

The chart above was from barcharts.com and once there you select technical charts.

A caution about the example above, when I am experimenting I keep trying different settings, until I get one that fits (in this case for the bottom-end). This "back-fitting" could have no predictive ability.

The percentage variation, in this case +-2.0% would only work for the same slices of time frames for gold - what is variance around the SMA. If gold started to trend more strongly then the variance would drop and the top line would be too high and the bottom line to low on a steep uptrend for a daily chart.

So what works depends upon your trading time-frame. As I did it for Jonc and he was looking for a multi-day target I used the parameters I did. However, I had already made estimates with the boxes and was experimenting to find something to help my pick between 1378.50-1380 and the higher 1391 area.

As moving averages are lagging indicators, they are best used to catch lows in an uptrend (highs in a downtrend).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


here is the SMA35
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


(typo supposed to read "If I had.." - not "It")

The key thing that I am trying to stress is that, from my experience, it is best to make your target estimations in at least two different ways and see if you get the same answer from both.

ninja indicators can be found at:
Links and Downloads Manager - NinjaTrader Support Forum
(I use 6.5)
and I did find an MA envelope there for 6.5.


I hope this is of help

Attached Thumbnails
Gold in 2011-jour1.jpg   Gold in 2011-jour1a.jpg  
Attached Files
Register to download File Type: zip MAEnvelope.zip (3.9 KB, 6 views)
Reply With Quote
The following user says Thank You to aquarian1 for this post:
 
  #59 (permalink)
Elite Member
australia
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: -
 
Posts: 300 since Sep 2010
Thanks: 123 given, 137 received

Gold had broke 1380 yesterday.

I have took some profit but left some longs running. Considering the seasonal behavior of gold, there is a possibility that it will test the high of 1420 by June.

Reply With Quote
 
  #60 (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



Tartimo View Post
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.

It took a while but GC finally achieved the 1385 target (derived from the reverse H&S pattern) today.
I have no idea where it is going now though .

Regards,
Tartimo.

Attached Thumbnails
Gold in 2011-gc4hour2.gif  
Reply With Quote

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)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

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 04:07 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 2017-12-12 in 0.13 seconds with 20 queries on phoenix via your IP 54.163.210.170