NexusFi: Find Your Edge


Home Menu

 





Gold Futures (GC) main discussion


Discussion in Commodities

Updated
      Top Posters
    1. looks_one SMCJB with 24 posts (64 thanks)
    2. looks_two Salao with 7 posts (28 thanks)
    3. looks_3 UC Trading with 6 posts (1 thanks)
    4. looks_4 Big Mike with 4 posts (23 thanks)
      Best Posters
    1. looks_one suko with 6.7 thanks per post
    2. looks_two Big Mike with 5.8 thanks per post
    3. looks_3 Salao with 4 thanks per post
    4. looks_4 SMCJB with 2.7 thanks per post
    1. trending_up 20,550 views
    2. thumb_up 197 thanks given
    3. group 35 followers
    1. forum 77 posts
    2. attach_file 18 attachments




 
Search this Thread

Gold Futures (GC) main discussion

  #11 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,534

@SMCJB, thread is now a sticky.

I'll only just say, those spreadsheets are exactly what the webinar should be about. I firmly believe in that type of analytical process for trading. Your webinar could focus on WHY you are just a boring spreadsheet trader. You don't have to disclose your formulas, but you could lean into the discussion on why spreadsheets are so critically important.

So, I just want to ask you once more to reconsider, and look at it from the above approach -- and how to show people there is certainly another way to be a good trader, without a bunch of charts -- and the awesome power of research and analytics in your trading (without a bunch of lines on a chart).

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Futures True Range Report
The Elite Circle
ZombieSqueeze
Platforms and Indicators
Deepmoney LLM
Elite Quantitative GenAI/LLM
NexusFi Journal Challenge - April 2024
Feedback and Announcements
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
Battlestations: Show us your trading desks!
26 thanks
The Program
18 thanks
  #12 (permalink)
 
snax's Avatar
 snax 
Chicago, IL
Legendary Price Action Student
 
Experience: Beginner
Platform: Sierra Chart
Broker: Edge Clear
Trading: MES
Posts: 2,170 since Feb 2019
Thanks Given: 9,612
Thanks Received: 9,622


SMCJB View Post
1/.

We went through this once before nobody has any interest in watching an old guy stare at spreadsheets! No sexy charts and random line theory going on here! Just massive boring spreadsheets!



3/. Interesting blog post from Craig Hemke of Sprott Money about the ongoing CME delivery rumors....



The CME Opens Pandora's Box by Craig Hemke of Sprott Money (31/03/2020)

https://www.sprottmoney.com/Blog/the-cme-opens-pandoras-box-craig-hemke.html




1) I think many of us would like to hear about your thoughts and experience.

2) almost posted that same article here until i saw you beat me to it. Pretty interesting and shows what little I know right now about how
the gold market really works.


Sent using the NexusFi mobile app

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #13 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,041 since Dec 2013
Thanks Given: 4,375
Thanks Received: 10,192



snax View Post
1) I think many of us would like to hear about your thoughts and experience.

My wife thinks I should write a book. I tell her nobody would read it!

snax View Post
2) almost posted that same article here until i saw you beat me to it. Pretty interesting and shows what little I know right now about how the gold market really works.

I don't understand it either - I don't regularly trade Gold - but I do find all the stories interesting. Who knows which are true!

Reply With Quote
  #14 (permalink)
 
Salao's Avatar
 Salao 
Los Angeles CA
Market Wizard
 
Experience: Beginner
Platform: TradeStation
Broker: Tradestation
Trading: GC/MGC, MCL, MES
Posts: 1,250 since Jun 2017
Thanks Given: 10,571
Thanks Received: 5,870

From a technical perspective I could see gold remaining range bound, between 1450 and 1700, for a little while.



Fundamentally I sometimes think of gold as a sentiment indicator for MMT. Not that this informs any of my trades... . Howard Marks recently released one of his memo's, and as always, provides thoughtful analysis of some recent themes in finance. I haven't read the whole thing yet, I usually pour over his memos over a couple of nights, but among the interesting points were:
  • The balancing act between restoring economic activity and stopping the spread of COVID-19.
  • The longer the economy is suppressed, the more difficult it will be to resuscitate. On the other hand, the longer the economy is inactive, the more likely we are to minimize the devastation to human health.
  • MMT is no longer theory, we are living it.

Just a couple bullets. The whole thing is here https://www.oaktreecapital.com/insights/howard-marks-memos.

Critics of MMT will use the "D" word...debasement, or the dollar losing its reserve currency status. In this memo, HM makes the point that the dollar may not be debased in relation to other currencies. Because everyone (the world) is doing it, which is an interesting point I haven't heard before. In sum, these are uncharted waters and I feel like this could cause some hesitation with gold...if in fact gold is correlated to MMT sentiment in anyway. Which may be a little nutty, but I don't know... .

Visit my NexusFi Trade Journal Reply With Quote
  #15 (permalink)
 
suko's Avatar
 suko 
Kyoto, Japan
Market Wizard
 
Experience: Intermediate
Platform: TW TOS LiveVol
Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
Posts: 1,326 since Oct 2013
Thanks Given: 844
Thanks Received: 1,416


Big Mike View Post
@SMCJB, thread is now a sticky.

So, I just want to ask you once more to reconsider, and look at it from the above approach -- and how to show people there is certainly another way to be a good trader

Mike

IMO what he brings to the table is seasoned trader wisdom.

When I first came to this board he was the only one that gave me the kick in the ass that I needed. Which started a learning process that continues to this day. So I am always all ears as to what he has to say.


"Persistence is very important. You should not give up unless you are forced to give up." -- Elon Musk
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #16 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,041 since Dec 2013
Thanks Given: 4,375
Thanks Received: 10,192


suko View Post
IMO what he brings to the table is seasoned trader wisdom.

When I first came to this board he was the only one that gave me the kick in the ass that I needed. Which started a learning process that continues to this day. So I am always all ears as to what he has to say.

You were heading in the wrong direction. All I did was point that out. You were a strong enough person to realize that and to change your ways. All the work was done by you.

Reply With Quote
  #17 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,162 since Jan 2013
Thanks Given: 57,341
Thanks Received: 26,267


SMCJB View Post
My wife thinks I should write a book. I tell her nobody would read it!

Let me second what @Big Mike (and your wife) have said: I will watch your webinar, and so will others. People who read your stuff here will want to know more of what you think. Who cares what form it's in?

OK, that's out of the way, now get on the schedule.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
Reply With Quote
  #18 (permalink)
 Grantx 
Reading UK
Legendary no drama Llama
 
Experience: None
Posts: 1,787 since Oct 2016
Thanks Given: 2,826
Thanks Received: 5,058


SMCJB View Post
We went through this once before nobody has any interest in watching an old guy stare at spreadsheets! No sexy charts and random line theory going on here! Just massive boring spreadsheets!

I most definitely will watch it. Guaranteed I will learn something from you that I did not know before.

Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #19 (permalink)
 
Salao's Avatar
 Salao 
Los Angeles CA
Market Wizard
 
Experience: Beginner
Platform: TradeStation
Broker: Tradestation
Trading: GC/MGC, MCL, MES
Posts: 1,250 since Jun 2017
Thanks Given: 10,571
Thanks Received: 5,870

"Cash is Trash." Comments from The Ray Dalio for a reddit AMA:


Quoting 
“Please remember that while it doesn’t move around in value as much as other assets, there is a costly negative return to it,” the billionaire investor said during a Reddit Ask Me Anything event on Tuesday. “So I still think that cash is trash relative to other alternatives, particularly those that will retain their value or increase their value during reflationary periods (e.g., some gold and some stocks).”

https://www.bloomberg.com/news/articles/2020-04-07/dalio-still-thinks-cash-is-trash-as-printing-presses-roll?sref=HJ5vRDOD

Gold still seems range bound to me...


Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #20 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,041 since Dec 2013
Thanks Given: 4,375
Thanks Received: 10,192


"Cash maybe Trash" (especially in an inflationary period) but "Liquidity is King". Difficult balancing the two. Right now I have a lot of cash hoping that there will be more bargains for those that have liquidity,

Reply With Quote
Thanked by:




Last Updated on March 24, 2024


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts