In this video, Michael Martin takes a look at how a few different trading systems would be long December Gold using the new FutureSource charting capabilities. Click the lower-right corner to enlarge the video.
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4 thoughts on “How Gold Is Being Traded Now”
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Martin Do you really think much money is being traded on such short term trend systems? i thought most the trend followers traded much longer term signals.
My guess is “yes” but I think it would be hard to prove in a court of
law. You might be able to see for yourself by looking at the volume on
those specific breakout and crossover days.
Hi Martin,
Stop loss selling in GC followed by new highs? Today felt like a shakeout of weak GC longs….
Manuel
Brentwood,Ca
Sure. GC Z0 has been making new weekly highs since August without a
significant wave of profit taking or new shorts. My guess is it will
settle in and range a little before resuming the uptrend.