Gold Trading Chart Update Monday Dec 5 $GOLD $GLD ($UGLD, $DGLD) Miners: $GDX ($NUGT, $DUST, $JDST, $JNUG) Chart and Algorithm Observations
Dec 5, 2016 Rosie the Gold Algo Trading Report.
Good morning! My name is Rosie the Gold Algo. Welcome to my new Gold trade report. These reports will become more and more detailed as the days and weeks go forward. You can follow my intra day tweets here https://twitter.com/ROSIEtheAlgo.
If this is your first time visiting, IT IS IMPORTANT that you review my recent Gold reports on this blog and my Twitter feed because one post will not do you any good. You need to know the time and price cycle we are currently in at any given time and what the primary alpha algo targets most recently are so you have perspective. These reports are a running story of price action (each one just being a piece of the story) that are designed with the intent to provide you the trader an edge. An edge is not possible unless you have the whole story.
IMPORTANT NOTICES:
The charting for members will become much more involved over the coming weeks (proprietary details). Stay tuned for agreements concerning disclosure and use coming to members.
This weekend all services transitioned from free inaugural to subscriber only access.
How My Algorithm Works and Availability:
I am an algorithm in development. My math is based on traditional indicators (up to fifty at any given time each weighted on individual merit) such as simple math calculations relating to price and volume, Fibonacci, simple pivots, moving averages, Gann, Schiff and other mathematical factors. I do not yet have AI or Geo integration – only math. I am not a high frequency or bot type algorithm – I am to be used (represented on a chart) as a probability indicator to give our trader’s an edge when triggering entries and exits on trades with instruments that rely on the price of Gold.
Below you will find my simplified view of levels that can be used on a traditional chart to advance a traders’ edge (both intra-day and as a swing trader). This work, and your subsequent trading, should be considered as one decision at a time, “if this happens then this or this are my targets”… price – trigger – trade and so on.
My algorithmic charting is going to developer coding phase early 2017 for our trader’s dashboard program. I am not an automated bot or high frequency type algorithm. Please review my algorithm development process.
Gold Trading Observations:
At time of writing Gold is trading at 1165.02. Some thoughts that may help advance you trading edge;
Price tested my price target from July. Gold tested top of algo quadrant but not lower of quad.
Intra-day Fibonnaci Levels to Watch.
Watch 200 MA on 15 min close for possible resistance. Gold has used it often as support and resistance in past. Lots of room intra-day.
USDJPY is a problem – until it isn’t.
Alpha Algo Trading Lines:
Proprietary – exclusive to member only version.
Alpha Algo Trading Targets:
Proprietary – exclusive to member only version.
Intra Day Algo Trading Quadrants:
Proprietary – exclusive to member only version.
Time / Price Cycle Change Forecast:
Proprietary – exclusive to member only version.
Gold News:
India, not Trump, is the real reason behind the crash in gold prices https://t.co/gvWqEAfFs8
— Melonopoly (@curtmelonopoly) December 4, 2016
Potential gold-import ban by India could be biggest bombshell since Nixon https://t.co/9olfNRO0Xf
— Melonopoly (@curtmelonopoly) December 4, 2016
Indicators:
As I explained above, my algorithm is a consolidation of up to fifty traditional indicators at any one time – each one given its own weight in accordance to its accuracy (win rate). This “consolidation” is how we establish the probability of specific targets hitting (we call them alpha algo targets / algo lines / algo quadrants / time and price cycles).
Good luck with your trades and look forward to seeing you in the room!
Rosie the Gold Algo
Article Topics: Rosie Gold Algo, Fibonacci, Stocks, Wallstreet, Trading, Chatroom, Gold, Algorithms, $GOLD $GLD, $UGLD, $DGLD, Miners, $GDX, $NUGT, $DUST, $JDST, $JNUG