Archive for the ‘Gold’ Category
Jan
02
Posted by kurtosisT
I have decided to share with you all an update to my correlation matrix for the end of the 2009 year. It is based off continuous contracts and the daily settlement prices over the last 12 months. There are bound to be some numbers that shock some.
Good trading and may all your trades have fat tails and flat distributions
KT 
Disclaimer
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Oct
14
Posted by kurtosisT
Yes the commodity currencies are the ones that will fair the best as the USD undergoes some wholesale devaluation. Why the AUD? Simply:
1. Australian economy faired well in this most recent world recession.
2. Gold as the price of gold marches on so too will the AUD
3. Commodities and Metals continue to be demanded by China so too will the AUD push higher.
The short is don’t get caught short the AUD. This attached chart highlights that the next level of resistance to the AUDUSD pair is 09550’s which is the 61.8 fibonacci extension and we may see a test to the July 08 highs which is the 76.4% extension on that 0.6244 to 0.8285 move.
Good Trading and Stick to your stops
KT
Disclaimer
Sep
06
Posted by kurtosisT
For those Pairs traders its time to think about reversing some long term pairs positions on GC vs SI as this chart highlights that that GC vs SI pair is coming back to the long term mean of 59 on the ratio trade. Those that set position at +3 Standard Deviation or greater nice trade!
Current Ratio on close of Friday was 61.20 with Long term mean 58.81 while +/-3SD is at 82.75 to 34.87 on the chart from Oct ‘08 through to Dec ‘08 positions were set above 75.
Now to watch for the unwinding of positions buying GC and Selling SI on the unwind.
Good Trading and stick to your stops
KT
Disclaimer
Jun
24
Posted by kurtosisT
Gold bouncing out of ambush long!
Gold is just poking its head out of the Ambush Long Set up.
Zone: 930.10 - 915.00 level
Reuters article on gold suggest China needs to buy more gold reserves as the metal is needed to support the greater international role envisaged for the yuan. Read the article
Good Trading and stick to your stops
KT
Disclaimer
Jun
18
Posted by kurtosisT
Gold is it a wedge, double top or both? Remember sell double tops but buy triple tops!
Wait for it to load.
Good Trading and stick to your stops
KT
Disclaimer
Jun
18
Posted by kurtosisT
TradeStation Definition and Explaination:
“Range Bars were developed in 1995 by a Brazilian broker and trader, Vicente M. Nicolellis, Jr. The purpose of Range Bars was to focus only on changes in price; thus they do not close at a specific time, but instead only when the range is complete. Each bar has a specified price range, rather than being charted in units of time or ticks. With a focus on price movement, long periods of consolidation may be condensed into just a few bars, removing excess noise in the market and highlighting “real” price movements. So it is possible that an entire month of daily bars could fit into a single Range Bar, and the next month would have 30 Range Bars.
Range Bars are built by the underlying closing data that shows the directional trends as per the range amount. Range Bar charts are time independent so that time axis increments will not be fixed. The size of the bars will always be the range size set by you and will never be anything smaller or larger unless it is the current bar that is building.
Range Bars look like standard bars, but are different in four ways:
1. Range Bars are all equal in height, based on the Range High to Low.
2. The open of each Range Bar is always equal to the close of the previous Range Bar.
This is the primary difference between Range Bar and Momentum Bar charts.
3. Range Bar closes are always at the top or bottom of the bar.
4. Range Bars charts have no gaps.”
Hope This Helps and enjoy the video - click the above icon to play the Video. Please wait for it to load.
Stick to you stops KT
Disclaimer
Mar
11
Posted by kurtosisT
Break of 889 could signal a reversal of its current uptrend
I am going to let the chart tell the story. A break of 889 could signal a reversal to uptrend.
Stick to those stops and buy and hold is dead.
KT
Mar
05
Posted by kurtosisT
Yes it could be time to look at reentering the gold market as we see on this chart that we have had a 50% retracement from the 802 lows to 1008 recent peak. We also have a Fibonacci Time cycle (34 days from the 802 starting point) lining up with yesterdays lows of 900.40. Todays high is also a positive because we have made a higher high from yesterday also the low on today (906.20) is higher than yesterdays low of 900.40. In all looks like we may have a possible continuation to this long term uptrend. Stick to those stops and remember buy and hold is dead.
KT
Feb
17
Posted by kurtosisT
Time to take profits.
Yes silver has been in what some would say is a perfect channel it is now trading at the top of this formation for me I am going to respect this channel formation and take profits on my trade. I would look for a re entry back at the 13.40 level as the defensive play continues to unfold in light of a worsening US and global economy. Note that when you play a channel formation like this only work the direction of the trend in this case it is in a uptrend so ONLY buy the pull backs never try to short on the channel because like anything it can break the upper parallel.
Stick to those stops and remember buy and hold is dead.
KT
Jan
25
Posted by kurtosisT
New Video on Gold check it out….
http://www.kurtosistrading.com/public/20090123_gc/20090123_gc.html
Stick to those stops.
Good Luck
KT
