GETTING PREPARED FOR THE NEW NORMAL
The gold volatility algorithm “nailed” the moves today; in all 3 trades and I’m outta here by Noon to hit the beach.
Now, to be sure, it’s August and as everybody knows usually the slowest time of year, especially in the precious metals; not always, but mostly over the years this is the case. So, having said that, I’m not looking for $20 per Oz. + ranges this month unless we get news that supports this kind of volatility.
Starting the day, the white horizontal line is at 1342.60, and directly below are the 3 trades from 15:00 [08:00 New York time] on the LMFX server.
If you haven’t downloaded the manual [and by the way if you’re interested in how the algorithm is put together in the components file], it’s available for viewing online or you can download it for free. It’s available in my “shared links file” with the public at www.box.com and it’s totally free and you don’t have to sign up to view or download.
After you view or download, if you are a relative “Newbie” at this game of trading and don’t have a clue how to set this thing up, instructions are also available for viewing online or download as well; simply go to the “Download Links” section in the right hand column and download “Algorithm Setup & Install on the MT4”.
Now, if Butch [our IT expert & security guard for Yours Truly pictured above] can do it at 9 years old, and my Grandma can do it and she still has a black rotary phone, you can do it to. “Hey, it’s kid tested & Grandma approved!”
After you read the manual [and the other 2 if you want or need them], download the “vegas gold vol mq4” file because this is what you need to install onto the MT4 gold M1 candlestick chart to see the algorithm and make the trades off of the signals.
Any questions/comments please email me at firstname.lastname@example.org and I will personally respond back to you ASAP; as any of my longtime readers/clients will tell you, I support what I publish and recommend to trade.
Before I hit the beach today and do a little snorkeling, I want to bring up the fact that with rising equity prices worldwide, and all the bluster from the MSM that “Everything is simply F-ing Awesome baby!”, gold isn’t moving lower. Sure, we have our down days, and the selling manipulators [bullion banks (JPM, GS, HSBC), FED, & BIS] will do everything in their collective power to pressure metals prices lower when given the opportunity, but in the overall scheme of daily and weekly trend, gold isn’t moving lower like it has in the past.
What this tells me is that this bull market is in the beginning stages of what was an approximate 5 year bear market that took prices from $1921 down to about $1070; now we’re back to the $1330 - $1375 area, and when this $1375 level is taken out, look out above for the meltup above $1392.
We aren’t that far away from a price explosion; a China devaluation, trouble with German/Italian/Spanish/Portuguese banks, and/or a continued slowing of the U.S. economy that makes lower interest rates here look like a real possibility, and you will see what happens quickly with the price of gold.
Please remember, though, you have to follow the algorithm; you can’t buy rallies or upside breakouts. If you do, you are begging for trading losses and running a real risk of getting your sell stops run by the dealers.
OK, it’s a few minutes before Noon here in Caribbean Paradise Time, and it’s time for a lobster salad for lunch followed by some quality investment in mental health at the beach. I’m so outta here.
Have a great day everybody!
OPEN A DEMO AND/OR LIVE ACCOUNT AT THE LMFX LINK IN THE “DOWNLOAD LINKS” SECTION OF THE WEBSITE TITLED “OPEN TRADING ACCOUNT – DO IT NOW!”
OUR LMFX GOLD TRADING PAMM WILL BE READY AS SOON AS LMFX GETS THROUGH WITH UPGRADES TO ITS PAMM SOFTWARE! WE ARE VERY CLOSE; OPEN YOUR LIVE TRADING ACCOUNT TODAY, FUND IT, AND BE READY TO PARTICIPATE!