Loading ...Matrix
Martix is back at Trader Dan’s Beehive Forum .
He posted that he and his 3 Currency Trading buddies ( 160 years experience )
have made the decision to only Trade from the Long side in anything Gold and Oil related this year .
They will be long when their indicators (4 horsemen) say long and flat when they turn.
They feel this is a classic dimes to the downside and dollars to the upside environment
This is the climate they made the most money in over their careers in the Currency markets.
Matrix also said Find the EMA on the weekly chart you are trading which best fits .
Each Market has a different best fit WEMA which will keep you on the right side of the trend a high % of the time.
So as hindsight is 20:20 I was tooling around with Gold’s WEMAs and lo and behold the 100 WEMA .
Matrix is anticipating a dropping US dollar for 2016 then?
Matrix does NOT anticipate anything
He is a chart follower.
He simply says he and his cohorts believe the long side in Gold and Oil is the way to trade
Long and Flat in and out
Should have said thank you! checked out some indices and its quite an amazing tool I can add to a bag of tricks.
See that 350.00 drop in 2008-09
1033 to 681 (that could happen again) and still remain a solid Bull Market. but We’d drop from a much higher level. 1400/1450 to 1150-1200 drop, then boner to 2000+
Looking objectively at any Gold chart there is no basis whatsoever for that call
Good to hear from Matrix….I think that the EMA (20) is a tighter fit with gold’s price so less distance/smaller gap between the two and therefore one would have had an earlier signal to SELL after the top at 1,923.70