How to Trade Gold Live: Proven Combination That Works


there was one of these risk-off events
that something hit news and the funny thing is I don’t know what it was I
could go back and you know look through the news and find something oh that must
be what it was but the interesting thing is I don’t need to know what what it was
I don’t need to know any of the economic stuff in spite of all the stuff you may
hear from other people there may be people who will swear that you can’t
trade at all by technical analysis the only thing you can do is to look at all
the news and the economics and make a decision based on what’s going on with
that and okay for them they can’t do it but for me that’s the only thing that
does work is to look at look at charts so it’s it will always be a funny and
amusing thing to hear people say the things that they say especially in the
trading world where people they just get so stressed and take things so
personally if what they say is
in conflict with what anyone else is doing or believing but what I noticed is
when there’s a risk off event the first thing you will see that the yen will
increase in value and so if you see a sharp turn on the US dollar yen and then
you can see that it’s consistent across the end pairs where the euro yen has
dropped and then the pound yen throughout the Canadian yen as a sharp
turn you see it’s definitely a yen earn so when that happens you can also look at immediately go the stock market and then see what is
happening to Stockmar you which these are not the charts that I
normally use I could set this up so that navigate the other you so here’s the S&P 500 this point right
here is the same point well as you here here I have overlaid the S&P 500 onto
the chart of gold and inverted the S&P 500 so that is directly in correlation
and you can see they’re almost identical a lot of the times not always so you
can’t just rely on that alone but many times when there is a turn that we know
of as a risk off event is change in the market sentiment where suddenly everyone
is not willing to take risks on investments like stocks so they pull out
of stocks go in in pull out of stocks they go into gold
you know that’s what people want to invest in when everything else is whoo
risky this buy goal and then you’ll see a turn in each of those markets a lot of
this stuff you want to maybe see after the fact but what it can do for us is to
help us to confirm the turning point seeing as if you look at several pairs
or equities that are similar or elated you will see emerge out of several of
those similarity and pattern that often will illuminate your your eyes to see II
pattern recognition things that enable you see what’s known as a turning point
but what’s known to me as a turning point something that normally is an
unmistakable phenomenon and that’s why the whole rest of the time you can see
this on any timeframe like if I go here to the 4:00 hour you will see there are
earning points on the 4:00 hour some of these you can see to be tuned
or a timeframe like the two-hour or you can see this is a perfect classic shape
friend on gold and then overlaid over the top of that is a the exact same
perfect shape of the S&P 500 inverted to be in the same direction as gold so that
fits right on there now normally I don’t trade with these
overlays on my chart but when I’m doing analysis I might put one on there in
order to help me to clarify something and the more you clarify these things
the more even right at the time when you may be making a trading decision you can
look and see gold is Turney what’s happening here okay so let’s see is that
consistent is it I look at the yen that there’s a turn on again let me look at
all um pay okay this is that’s a yen turn that’s confirmed that means there’s
a risk off move and then okay the gold is turning okay now I can get in or
maybe I jump over and look at the stock market and see oh yeah I can I can read
that on this timeframe and I can see that’s a turning point on the stock
market so that means it’s time for gold go up now I get in and I can do that all
pretty quickly and just as a confirmation because when you’re trading
you’ve already been looking at the charts for a long time and so it’s not
like you just open up your charts and all of a sudden you’re trying to figure
out what’s on there because you you’ve already been analyzing at a time and
preparing for earn all you’re doing at that time it’s confirming whether it’s a
turn or not because once you have that ability that that people in our group
have developed which is the ability to actually identify earning points and
it’s it’s it’s amazing that so many people in the trading world don’t know
how and it’s it’s actually kind of sad to see the people bugling so much and
they they don’t even know what a turning point looks like and it’s right there on
your charts II would think that more people
our professionals will be able to look at these things and identify turning
points across all time frames the way that I do the way that people in our
community now I could say that no one in the world can do it maybe but there are
people who are able to do it but it just doesn’t seem to be that there are that
many of them I look around and see my own experience of what other people are
doing most of them are kind of lost they don’t know what turning points are and
what constitutes earning point what it what does it mean if the market is
forming a turning point and on what time frame because when I see a turning point
I I have an idea of where it’s gonna go from there based on reading the pattern
on all time frames I may not have to know exactly what a thing to do because
after the turning point the market bill in drawing the rest of the picture after
it draws in the rest you could be in a tree after it draws that any day okay
this isn’t but the turn that I thought it was so I guess I’ll just have to get
out with that’s the ideal situation to show you
many examples of what I mean by that there could be a time when something is
turning and the expectation would be that on one timeframe is going to start
forming a trend going up and then you observe after you get in that oh it’s
not forming a trend going up is direction changes pattern see that it
has form a correct oh okay I’ll just get out with with profit you got a question from someone that was
relayed to me but that which is more sensitive to risk on gold or the yen and
what I have seen is when there is a real risk off or risk on change that you see
it simultaneously almost equally on both of those and on the stock
and again uh just a few minutes ago I had the yen
on how can put it back on here and I’ll show you what I mean
if I take this overlay instrument overlay I can just
Ange instrument then click and it will update
to a different instance now it’s showing you US dollar yen look
at that that’s like exactly identical but only this part of it right here just
this part of it happens to be exactly I timeframe does not act the same Oh
go out to a longer timeframe do charts show which is more sensitive
since what what would sensitive
II in a display on a chart because sensitivity on a chart would be
displayed as impulsive price action and if they’re the same and that means
they are the same so that’s a good question and the thing that I have
noticed is that you can’t necessarily rely on instruments like gold and
bestower yen that would be better to have a yen index on here which I don’t
have on on this chart but if you have trading view those are really nice and the instruments that you have available
on those just for the regular subscription gives you all these things
and put the yen index on here itself but what you’ll see is that if the
turning point is at the same time and if the impulsive handle that forms is about
the same then they’re approximately the same amount of sensitivity but when you
go to different time frames you won’t see that they are exactly
or elated but you will see
when there is a turn there’s almost always a turn
Oh I was looking at this earlier it looked
different to me for some reason but I was noticing that there were
major turning points were lined up exactly then in between the turning
points they might drift off and not be exactly correlated then come back
together or another major turning point so that that all the major turning
points they were exactly spot-on but in between they would kind of do their own
okay you’re gonna notice that stuff if you just look at
but how can you use this especially on the fly I would I could sit around and
and analyze things and notice how they’re similar but how is that gonna
make me money how’s that gonna make me have more profit and have more
consistency Bray’s but the way that it is useful is like I was saying before
that when you look at multiple pairs of
correlated pairs have some kind of a correlation either you should see
patterns and this is how I trade is I read patterns and to me that it’s the
only way rate but I I realize there many ways people know about this process and
they may be able to consistently get profit by not reading the patterns doing
something other than reading what the market is actually doing but for me it’s
about reading what the market is doing so like I say normally I don’t have
these things on there when I’m analyzing if there’s a I just take it off Oh normally I’m gonna
take just you know gold whatever it is that I’m looking at then from longer
time frames to shorter time frames analyze it and what does this look like
right there I mean that just looks like a B C correction that looks like an end
of a correction then after it did go up in an impulsive move but hasn’t taken
out this high yet then at this point is uncertain but it should still be on
track in you the uptrend so for instance if I go from that time
frame to the power this is continuing the uptrend
I would expect on this timeframe maybe it’s gonna go down here for Massey then
form an end of an ABC another turning point to go up that’s what I would
expect now if it didn’t do that that wouldn’t cause any problem or anything
that’s just the most probable thing that I would expect and then I would
make a note of that you know notice that and go look at
other uhh
correlated pairs and what has been the real biggest
breakthrough ever for me is not comparing gold the yen or comparing gold with the stock
market things like that but comparing gold against all the other currencies
and a lot of trading platforms might not have those in if you have trading view
it’s got those standard on there you can look at all of them and what I’m talking
about in it don’t ask me why but I for live
streaming on YouTube I have only set up to show these charts
and I with the streaming platform that I’m now using I can’t just go in there
and throw another one on there I’d have to go back and set it up and it there’s
a little bit of technical work to that so maybe I could do that for a future
one but on a different platform I have I have gold against the euro and gold
against pound gold in the Swiss gold against the Aussie and then silver
against all of those also when you take those you know how to read the market
which is a a fascinating thing that I’d love to share the insights that I have
gotten over years of observing these things and then discovering things and
kind of using my artistic background to have a keen sensitivity to Apes of thing
rather than thinking about the market in terms of formulism a lot of people
automatically are more inclined to use the left brain and the logic brain who
think that looking at charts should be something about formulas lines and things that involve numbers baths and
that’s fine that’s fine but the me you can see these things it’s like you can
see it just the same as I often mention as you know a metaphor or an allegory
that if you go into a garden you see a tomato plant and a cucumber plant and so
you can see it you can just see there’s a cucumber and just like you can say you
know here’s a trend that’s how do you know I was the shape of a trend and you
know if you go in and out on longer and shorter timeframes you the whole thing
there are things that will emerge once your eyes are trained to recognize them
but you can see things and know there’s you know there’s a turning point that
means that this air is now going to do this
and then you can develop the ability to only get in when one of these turning
points is happening when you do that oh my god
it just changes everything because before what you may have been doing is
you know something other than that what it often comes down to is you’re
looking at charts and then you’re kind of expecting that there
should be trades and then you’re just making up a reason – hey there bill
how’s it going only able to see this moment through my assistant here but yeah it is a very amazing and bill is a
excellent trader also who um has a lot of those
understandings that come from different types of left-brain approach combined
now with the right brain approach and I think that when we’re looking at charts
we’re using our an analytical mind our logical mind and we’re also using the
right brain creative part of the brain and that enables people to have a whole
brain approach braiding if you could maintain that
if you’ve read the book braiding in the zone and having that whole brain
approach well that’s not really what what his thesis is about but the book
trading in the zone I’m that’s now reading after all these years of hearing
everybody say such a good book and I’m I’m saying yeah
that’s a good book all right looks good to me but I’d haven’t read it
well then I’m now I’m reading it and now I see why so many people have been able
to change change their approach to trading
after consciously and intellectually learning
how to trade but still not able to pull it off because of these unconscious
boxes make people do things based on fear and anxiety and/or greed in
excitement you don’t want to trade because you’re excited because you can
get on a roll have a bunch of good trades then you feel invincible and you
think that yeah I could just do anything then next thing you know you feel like
you’re doing the same thing that you were doing and it just
becomes a disaster and that causes pain then you’re trying to trade based on
avoiding pain so the successful trader learns to braid
not based on any of those things where you can develop that
in the zone mindset just getting a trace over and over and
lose some of them win some of them but when more of them than you’re losing
Abbot workout excellent so anyway
um goal has been one of my favorite thing and I do empathize for people in
the US don’t have goals does it doesn’t matter that much
just another currency pair and there’s nothing that special about it and so if
you don’t have access to it it’s not like bold is a secret I just think you
know a lot of people are interested and it’s kind of addictive so we can do the
same thing on the euro versus the dollar on the pound pairs as we do every day
although well the pound is getting to be kinda challenging from all the
uncertainty that’s happening and hopefully soon something is gonna
resolve with the pound with the UK I hope that the best what’s best for all
the people of the UK ends up happening one way or another
then we can get back to normal normal business not that the brexit has taken
away our normal routine because you know it’s still there and so
if you understand a little bit what what I was talking about here were just
barely barely getting started with how do you braid
any financial instrument but it is so much
fun once you are able you so that’s one of this secrets is that
I’ve noticed that gold is exactly opposite of S&P 500 and the Dow
and often the opposite of n pairs in general see that what I was just showing
was the u.s. dollar yen but much better if you
have rating view to overlay the yen index but we’ve been looking at
the yen end index and have discovered that it’s almost exactly the same
and butt compare those two together and just how
how different are they so when you’re looking for correlations
you don’t want to even think about the mathematical part of that because I have
seen articles and tools that are designed to show these two pairs are 71%
correlated well how would you ever know that would they be 71% correlated the next
day and you know on what time frame are they that and cuz we we’re not talking
about a mathematical thing we’re talking about how are they similar
from an organic perspective of how they are look similar that will enable you
new insights or discovering the hidden matters they
shouldn’t really be hidden did stand out that’s another thing as a bonus Oh
we’re talking about the US dollar today and I was trying to show I hope that a
lot of people are understanding why I’m showing it why it is that often have focused on hairs that might be considered exotic
like the Norwegian krone and the Swedish prone
when I’m analyzing the dollar same thing as trading goal
I like to start with the dollar index and we have two versions of it ones the
DXY which is a common version of it and we just happen to have discovered that I
mean it’s known you can google it you can see 75%
I think weighted to the euro then the non-weighted index is I think
non-weighted but it’s a different instrument
and it’s available through fxc in fact often I see it all the fxcm Dow Jones
um US Dollar Index and again sorry to see that fxcm had to pull out of us and
pull out then you lost access to their proprietary trading platforms a lot of
people actually preferred to use and then
that hope I don’t want to get into that but you know II fxcm is still in the UK and for some
reason the UK which is more highly regulated in the US
didn’t have a problem with but a lot of people still consider them to
be a good broker in the you that’s neither here know of it nor there
but what we’re talking about is the non-weighted he US Dollar Index which this right here and I I study this thing
every day we all look at it and compare the pattern that we’re
seeing try to figure it out it’s not always easy but when there is a key that
when you’re comparing the patterns together you will you’ll get inside right you
will get insight though that what may have not been obvious to you
will start to become more obviously you look at something but oh so also that’s
what that is doing now I can see this one over here and this one over here and
this one was kind of weird and messy and then this one over here and it clarifies
it so now I know what this one is doing look at it again and go oh so now I know
what this one was before I didn’t understand so we are
look at these patterns everyday you will notice things but
especially when you’re looking at a group of
so as most of you know for instance US dollar Swiss as kind of
gotten to be different from other US tow airs when
your brain does insistency in the pattern
and a searching for where’s the consistent pattern among group it’s kind of like searching for that the
core index that’s sort of what we’re doing right we’re we look at the dollar
against this one we look at it against this one look at it against this one we
look at it against a basket of currencies and we look at it against a
basket of currencies that’s weighted and we look at a basket of currencies it’s
not weighted and what we’re doing is we’re searching for the clarity if it’s
there and usually among the group of pairs it will emerge see it you’ll see
that you there is a pattern first of all
it is consistent when the next thing that realizes that you just have to identify a turning
point you don’t have to
have correct labels for all the patterns of of these correlated pairs you’re just
looking for when’s it going to turn so that kind of simplifies things right
when you look at it that way that’s what I do every day so that’s why if you if
you look at the u.s. dollar index and then you look at the non weighted US
dollar index then it’s not this way all the time but as of
right now I considered that this Norwegian krone US
dollar versus the Norwegian krone and US dollar versus Swedish groan gave us that
crystal clear pattern that we were looking for which enabled me to get Jord
Swedish Crone since yesterday I wasn’t anticipating it
it didn’t actually turn was able to stay in it move stop-loss up a little bit
they let it have enough room to complete that
turn it can be risky moving your stop-loss
after you attempt to trade that’s debatable like in there are cases where
if you do that you could get you know to negative raid
and some of them won’t ever turn you think that they’re gonna turn and that’s
a big part of what we do is try to develop that visual skills
that we can tell the difference so those of you from our group you
probably maybe you’re you know this so much that is just
bedded in brain but this matter right here
on 12-hour a tower stood out so much or the classic
clarity that I was attracted to that that enabled me to identify the turning
point dollar in this case be in it before it made the
term because it’s C that was trying to make it before that’s kind of a typical
thing to happen anticipate something’s going to turn this one is just fabulous Lee beautiful
Norwegian krone eight hour and hopefully you can see why
it’s the 812 our in particular where you can see it other timeframes you won’t
able see so now I’m in that and I’m
expecting that that’s a a major turn but the next thing we do we come back and we
observe them all again to see what kind of a pattern is it going to do next I
may already have a pretty good idea of what I think is gonna do but then come
back and you look it and all the correlated pairs observe the pattern
then confirm yes it’s doing what I oh he’s doing something else and then get out
this is fantastic I’m looking at this now and I’m thinking now when I was
looking inside the trading platform earlier it’s like wow that that’s
already very profitable but I don’t I’m not getting out of that until I see if
that’s a turn on the daily if it’s really a turn on the daily
I maybe should be in it for the next several weeks or months I always say
that but then I don’t always in you okay so I guess I hope I wasn’t rambling
too much but that I did reveal some things that could help you in your
trading if you apply it and if you want to know more about what really works in
trading go to trading mastermind calm and we’ll
get you set up with some free training that will point you in the right
direction you can just start to look at things in a way that would open things
up for you and you can start to see how markets work then after you practice it
over a period of time you will know how markets work still ends up being
challenging but there comes a point where you reach a plateau and that’s
that now I forget what the perm was that mark
Douglas you where you reach a level of consistency and when you see that it’s
is becoming consistent not just from your understanding of the analysis but
from your ability to do braids as the mind will play tricks
on you they know what to do but your mind will
don’t realize what’s happening is that we have been starting to do things based
on conscious sin fear and ruin all so yeah I got to get going here because
in just a little while I’m gonna be in our next live session for the New York
session and hopefully if you’re you guys are or
lucky babe get a chance to trade alongside some of
these people who bill is one of the main experts now and as I’m reading the book
I don’t know if he’s still here but as I’m reading the book by Mark Douglas
talking about having a winning mindset um then I’m noticing Bill I’m thinking
he’s got that so maybe he’ll explain more is that just natural or did did you
have to do something do your mind and get that because not everyone I mean
most people don’t have the type of weaning psychology that’s needed
make it work injury Oh a lot of it is just having that right set so anyway I look forward to seeing you
in the next session and if this generates

One thought on “How to Trade Gold Live: Proven Combination That Works”

  1. Watch and see again how we slam dunk nearly every turning point in gold. To find out what really works in trading go here: http://tradingmastermind.com/how-to-identify-market-turns/

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