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Gold with thedaytrader

  • #181
  • Aug 25, 2025 10:26pm Aug 25, 2025 10:26pm
Quoting PatienceFx
{quote} gold is XAU USD USD Index used eurusd is 54% of USD index so the correlation is 54% not EXACT
Yes, thats fine, I was asking if the correlation is predictive... as in can you say one of the movement happens before the other (in any probability/order) ?
Trade Like a Casino, Not a Gambler
  • #182
  • Aug 25, 2025 10:32pm Aug 25, 2025 10:32pm
Quoting thedaytrader
{quote} Yes, thats fine, I was asking if the correlation is predictive... as in can you say one of the movement happens before the other (in any probability/order) ?
decide
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  • #183
  • Aug 25, 2025 10:37pm Aug 25, 2025 10:37pm
Quoting PatienceFx
{quote}decide {image} {image} {image} {image}
live trade using this concept
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  • #184
  • Aug 25, 2025 10:38pm Aug 25, 2025 10:38pm
Quoting thedaytrader
{quote} Do you think, these correlations are predictive in any way ? If so, what could be the best probability prediction you would do ?
there just in trial stages for now, currently, dxy has absorbed the latest news and back to highs possibly looking for the powell high, exy is still fluttering around at the bottom of the channel, synchronization if going of a correlation is still valid but they're maybe 2 weeks old these codes, jxy(jpy) has absorbed the latest trump news and sxy(chf) is about 50%, going of that suggest a risk flow has gone back to usd, jxy is nearing a strong tl but what will it do? bounce or break

do not take these to heart they are only very young codes
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  • #185
  • Aug 25, 2025 10:41pm Aug 25, 2025 10:41pm
Quoting Fx-Blitz
{quote} there just in trial stages for now, currently, dxy has absorbed the latest news and back to highs possibly looking for the powell high, exy is still fluttering around at the bottom of the channel, synchronization if going of a correlation is still valid but they're maybe 2 weeks old these codes, jxy(jpy) has absorbed the latest trump news and sxy(chf) is about 50%, going of that suggest a risk flow has gone back to usd, jxy is nearing a strong tl but what will it do? bounce or break do not take these to heart they are only very young codes...
thursday unemployment data awaited
  • #186
  • Aug 25, 2025 10:42pm Aug 25, 2025 10:42pm
Quoting PatienceFx
{quote} live trade using this concept {image}
Whats the Stop Loss (actual/mental) on this ?
Trade Like a Casino, Not a Gambler
  • #187
  • Aug 25, 2025 10:44pm Aug 25, 2025 10:44pm
Quoting PatienceFx
{quote} live trade using this concept {image}
working concept here

when below 50 level usd is strong so gold will fall

when above 50 gold is weak so gold will go up
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  • #188
  • Aug 25, 2025 10:44pm Aug 25, 2025 10:44pm
Quoting thedaytrader
{quote} Whats the Stop Loss (actual/mental) on this ?
margin call
  • #189
  • Aug 25, 2025 10:46pm Aug 25, 2025 10:46pm
simple thing is when you are using 0.05% of account balance you do not need stops
Attached Image (click to enlarge)
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  • #190
  • Aug 25, 2025 10:47pm Aug 25, 2025 10:47pm
Quoting PatienceFx
{quote} margin call
Trade Like a Casino, Not a Gambler
  • #191
  • Aug 25, 2025 10:48pm Aug 25, 2025 10:48pm
Quoting PatienceFx
{quote} working concept here when below 50 level usd is strong so gold will fall when above 50 gold is weak so gold will go up {image}
Isn't it other way... when Gold falls this will go below 50 and when Gold goes up this will go up 50 ? RSI is a derivative of price... right ?
Trade Like a Casino, Not a Gambler
  • #192
  • Aug 25, 2025 10:51pm Aug 25, 2025 10:51pm
Quoting PatienceFx
simple thing is when you are using 0.05% of account balance you do not need stops {image}
Hahaha... having less stake does not make trading profitable (it surely makes it carefree/careless)
Trade Like a Casino, Not a Gambler
  • #193
  • Aug 25, 2025 10:53pm Aug 25, 2025 10:53pm
Quoting thedaytrader
{quote} Isn't it other way... when Gold falls this will go below 50 and when Gold goes up this will go up 50 ? RSI is a derivative of price... right ?
when usd is strong eurusd falls
when usd is strong gold falls
  • #194
  • Aug 25, 2025 10:55pm Aug 25, 2025 10:55pm
Quoting thedaytrader
{quote} Hahaha... having less stake does not make trading profitable (it surely makes it carefree/careless)
95% loose money when they over trade

mt4 leverage 1:100 1:200 1:500 1:1000 1:8888 is designed on purpose to trick people into loosing fast
  • #195
  • Aug 25, 2025 10:59pm Aug 25, 2025 10:59pm
usd index moves first, gold just copies this move
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  • #196
  • Aug 25, 2025 11:04pm Aug 25, 2025 11:04pm
normal trader would have been left waiting for target
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  • #197
  • Aug 25, 2025 11:04pm Aug 25, 2025 11:04pm
Quoting PatienceFx
usd index moves first, gold just copies this move {image}
Thats a bold statement... I will test that
Trade Like a Casino, Not a Gambler
  • #198
  • Aug 25, 2025 11:14pm Aug 25, 2025 11:14pm
see how macd on gold agrees with this concept
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  • #199
  • Aug 26, 2025 12:37am Aug 26, 2025 12:37am
usd is strong currently, this is why gold is not going up
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  • #200
  • Aug 26, 2025 12:41am Aug 26, 2025 12:41am
Quoting PatienceFx
usd is strong currently, this is why gold is not going up {image}
rsi on eurusd tries to catch this comprison

code is simple
Inserted Code
iRSI("EURUSD",0,14,0,0);
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