XAUUSD Long Yellow zones- critical zones based on the monthly time frame
Red zones- critical zones based on the daily time frame
Blue zones – critical zones based on the 4h time frame
Like I said in my 1H Gold analysis before the price went up - last COT Gold report came out bullish and no changes that could indicate a short momentum are noticed.
We are at the highest price since 2011 and the 1800.000 area has been finally reached. Which means that we have a 4h candle close above the monthly critical area. Now it is important that we see a strong bullish confirmation above the upper-trendline of the closed triangle structure. This will be a strong bullish confirmation.
There 2 scenarios:
1. Most likely the price will go towards the second monthly critical above the 1855.000 area and when it reaches it a strong rejection may come. If this happens, support from the 1800.00 zone is expected.
2. Less likely to happen: a rejection from the 1800.000. This will make the price fall towards the 4h critical point near the 1745.000 mark, where a second bullish attempt may take place.
Happy Trading!
Buy-sell-signals
DAX pushing above key resistance, but more hurdles are waitingThe DAX managed to push above the key 11,200 level today, but it could have difficulties to keep up with the recent bull run. The 200-day MA, 61.8% Fib and a rising trendline resistance all await near 11,700.
Although some major market reports came in better than expected, such as PMIs, the eurozone is still far away from a recovery. I am sitting on my hands for this one.
Che_Trader Swing Strategy - 2017 to 2020 Results vs BTC holdThis is my main strategy and the one that is being executed through BOT live since several months ago.
I was due a post with the general results and a year to year analysis compared to the performance of hold BTC.
All trades include 0.15% fees+slippage.
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| General stats from 2017 to 2020 are in the bottom, These are:
| (**All data include 0.15% fees+slippage what is more than double the normal fees**)
|
| - 32899% Gains (compound)
|- 146 transactions
|- 18.44% Max drawdown
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The year-by-year analysis is very interesting:
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|2017 Hold result
|
|+1260
|%
|
|
|
| CheTrader Swing Strategy 2017 results:
|
| - +1096 % Gains
|- 38 transactions
|- 14.47% max drawdown
|
|
|The 2017 profits are very similar, a bit smaller, so you can expect the bot run well in next bull run.
|This is something you'd expect, but it's hard to get in a swing bot.
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|2018 Hold Result
|
|-72%
|
|
|
| CheTrader Swing Strategy 2018 results:
|
| - +395.4% Gains
|- 42 transactions
|- 16% max drawdown
|
| In 2018 we earned almost 395% in usd. This means that if we would have run the bot during 2017-2018 we would keep the 2017 earnings, and even more, we would multiply them by X4
|
|This is very significant.
|
|A sensible example, if at the end of 2017 we had 1 BTC valued at $13300, to hold that BTC until the end of 2018 would be worth about $3700.
|But if we had run the swing strategy it would be $13300+395% that is,
|$65835 which in addition, to the BTC worth only $3700 gives us a final result of 17.8 BTC
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|2019 Hold Result
|
|+95%
|
|
|
| CheTrader Swing Strategy 2019 results:
|
| - +322% Gains
|- 40 transactions
|- 18.44% max drawdown
|
| 2019 was a great year for the bot, winning more than three times the performance of BTC, in an irregular year, with many moments of chop.
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|To get access, you can send me a PM here or at a link in the tradingview profile.
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