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XAUUSD - Trading Gold, Our Way - YouTube
Channel: No Nonsense Forex
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all right look let's just put it out
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there you have your online sexy time
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material that you like to watch and I
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have mine I mean look at it I'll be
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right back it is the ex say you USD
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traders gold king of all metals always
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has been always will be
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and because of that it is going to kick
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off our individual metals pair series
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and before we do that I know the XA you
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USD is a pretty widely searched topic on
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Google and on YouTube so if you have
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found this video for the very first time
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few things I want you to know don't go
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away but just know that this is a video
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mostly for people who are caught up on
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the material I already have out I have
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over a hundred different trading videos
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on YouTube along with podcasts so if you
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are not caught up some of this may
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confuse you at the very least I have a
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playlist just dedicated to metals
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trading and this is video number three I
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think in that playlist go watch one in
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two first you do owe that to yourself
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but you can really go do this at any
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time
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stick with us check out the video if you
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like the way we do things then kind of
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work backwards and go over the rest now
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for everybody else these individual
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metals pair videos are gonna go
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something like this we're first gonna
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talk about the metal itself we normally
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don't do things like this I'm like you
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don't see me talk about the euro for
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5-10 minutes just on what it is and what
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it's about because it doesn't really
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apply to what we're doing I've always
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thought if you are going to be in the
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metals trading game you have to have at
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least a basic rudimentary background on
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the metal itself now you can go to
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better sources you know when it comes
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about learning the history and chemical
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components all those types of things
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that I am NOT
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good at go there if you want but we're
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gonna give you a little bit of
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background on each metal we talked about
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and because there are if you know that
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and I think you'll have a better
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understanding of the differences and
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little idiosyncrasies that you were
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going to find in each one of these
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metals when we start actually trading it
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now these videos are not going to be
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super long
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I don't think and out of the four metals
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we tray this will probably be the
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longest one but these are mostly going
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to be little quick hitters and that is
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on purpose
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alright so just some overall specs on
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gold itself we represent it by saying XA
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you I think X is short for index kind of
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like you see with the DX Y I want to
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check on this and there's not a lot of
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great material out there but au is
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certainly the symbol for gold so that's
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why that is the way it is
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and you measure gold and in most metals
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really in troy ounces all right these
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are different than actual ounces that
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Americans and Brits and people like that
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are used to seeing alright so not a
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major thing when it comes to actually
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trading it on the spot market but just
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understand the difference here and then
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when it comes down to the reason why
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people buy gold only about 10 percent of
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it is actually used in production you
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heard me talk in the previous video
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about all the things you can put it in
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and the things that has to be used for
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like your laptops and cellphones and
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things like that but the end of the day
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it's only 10 percent of all of the gold
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demand out there most of it is for
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hedging and safety and investment
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purposes as we talked about in the USD
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video how Russia and China are just
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hoarding it at this point because
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they're smart and don't ever discount
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rich people's desire to have it and walk
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around all badass with it I mean this
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will never go away there will always be
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rich people they will always want to
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flaunt their money unless some of them
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will and so gold will always be the
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number one place they go to and on a
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side note sorry about these fuzzy
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pictures sometimes I can only find small
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ones and then when I enlarge them they
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look like this so do not adjust your
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screen this is
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my complete inability to make really
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pretty videos but anyway on the supply
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side check this out this is from
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Bloomberg but I have seen variations of
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this chart pretty much everywhere so you
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have 2019 right in the middle that is
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when I'm shooting in this video here
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supply has been going at a pretty good
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clip for a while but it is expected to
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go down in the future now why this is so
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significant to me is it should be
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shooting way up
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why Millennials
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there have been an influx of Millennials
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fresh out of college that have studied
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mining and they have all this great
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technology they have taken with them to
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these mining companies that are full of
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middle-aged and older men that have no
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idea what this technology even does and
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they are using it to revolutionize the
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game when it comes to finding gold
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deposits worldwide so if you add this to
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the mix this chart should not be going
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down the fact that it is is absolutely
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frightening for those in the mining
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sector because what this says is you can
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bring to the table any brand new
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technology you want the fact remains we
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have probably taken most of the gold out
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of the earth as of right now and there's
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only so much left to take at this point
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think about that from a supply argument
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I would start loading up on gold while
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you can I have some myself and I love it
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and I have explained some of the reasons
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why but let's just go over them again
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here first off it is the ultimate
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protection against economic downturns
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currency wars you name it and entire
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countries are figuring this out Russia
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and China are loading up on gold because
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they are smart they realized the way for
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power to shift their way without getting
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in some stupid expensive war
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is to hold most of the gold and let the
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west flame itself out which it
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invariably will sound crazy we'll see
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but gold itself - as an actual
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investment cannot go down to zero it can
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only go down so much and I don't see it
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going down a whole lot more because as
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we have seen Supply has already been
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fading as is because countries are
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gobbling it all up and there's only so
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much out there and as that graph shows
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there is expected to be even less but
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demand is probably going to go up we
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have not had an economic downturn in
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quite some time we are well overdue it
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is coming and people are going to flock
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to gold you saw this run-up in gold at
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the same time the dollar was getting
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really strong to the XA you USD also
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went up this tells you two things one
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like I said in the last video the metal
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ultimately drives the bus when the metal
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wants to move no matter what the dollars
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doing it's gonna move and it did - you
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probably have a lot of smarter investors
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and funds and things like that out there
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that see the writing on the wall and
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they are going to load up early now as I
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make this video we are in a period -
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where it looks like it's probably going
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to decline a bit giving people a better
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opportunity to get in at a better price
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I don't know how long that drop is gonna
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last before it goes up again but the
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point is out of all the metals out of
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all the anything out there gold is the
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number one hedge against things when
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they go bad and when they go bad you can
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sit there with your gold and your other
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metals and just kind of watch the world
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burn and then when things become really
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really cheap cash in your gold and buy
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up everything on the cheap and then
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repeat this process the rest of your
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life all right this is what really rich
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people do so pardon me for wanting to
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emulate the things that they do I have
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made my decision you will never talk me
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off of it you decide for yourself what
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is right for you now from a technical
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analysis standpoint which is
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the reason why many of you are here gold
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and really the XA you USD and really all
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the metals but especially go to me move
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really smoothly and that is one of the
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biggest reasons I love trading it so
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much there smoother than most Forex
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pairs go side by side put an X a you USD
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pair up against any spot for X pair and
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count how many times the Forex pair
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whipsaws and then count how many times
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the gold pair does it I think you're
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going to be amazed at what you see it's
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but gold itself to me historically for
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about the five years I've been trading
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it you know seriously tends to move
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smoother than the other metals do so the
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metals are already smooth on their own
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gold tends to lead the way in terms of
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the movement that I like to trade with
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alright
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so because of this and here's the big
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payoff for this video
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traders I do things a little different
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with metals in general okay this isn't
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just gold this is everywhere I will not
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go super deep on my stop-loss I will go
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more shallow and again this is not just
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gold
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this is metals across the board and the
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idea behind this logic is a lot of what
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I said before you don't get a whole lot
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of whipsaws that you have to sit there
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and absorb or you know sudden movements
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back the other way to where you need to
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let that trade breathe before it really
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starts going the way at once it's often
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just gonna go the way it wants when it's
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time so you don't need to have it so
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deep and then if price does start to go
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the other way that is not as much Bank
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manipulation and whips effect as it is
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just the fact that that pair is about to
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start going the other way so cut your
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losses a little sooner I hope this makes
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sense
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we normally in spot Forex go with a 1.5
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ATR because there is more non
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sense in spot Forex there is more crazy
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big bank manipulation that goes on there
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are bigger retracements that happen
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before price finally starts going the
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way we want so we don't have to go as
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deep here and then when price actually
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does start reversing course that just
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means it's reversing course so we need
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to get out of that trade quicker and
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then decide if we want to start going
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the other way as well this method has
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worked really well for me for the last
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five years up until this year we talked
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before episode 62 of the 4xq a podcast
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about Trump tweets and the things they
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do to the market because they give the
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big banks the green light to do whatever
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they want with the United States dollar
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and on top of that gold is the fear
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metal so you often have people
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overreacting to Trump tweets and flying
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into the metal increasing demand so you
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have that alongside with what the big
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banks are doing to the USD this thing is
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going to stop you out often when these
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crazy nonsensical Trump tweets pop up
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they have to me and they certainly can
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to you again individual results will
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vary but I have been particularly
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unlucky this year when it comes to Trump
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tweets coming in and screwing up my
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trade I in the in the 2019 trading year
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I have benefited from this phenomenon
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once and I have taken it up the
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proverbial B hole for different times
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and as you guys know losses count more
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than wins here so be really careful
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while all this is going on and maybe
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right now while we're still in this
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particular period of time this ATR might
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not be the best you might need a little
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more protection against these crazy
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moves this is the one time that I kind
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of regret having my ATR more shallow
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than I do with spot Forex pairs this
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will ultimately be up to you
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I think I'm gonna keep things how they
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are for a little while longer but if
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this trade war with China keeps
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extending itself and these moves keep
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happening I may make changes temporarily
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everybody got it
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all right so in conclusion with spot
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metals I always think it's a good idea
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to learn a little bit about what you're
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actually trading I personally think it
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has helped me develop the system I did
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for this and it helps me in my actual
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trading to where spot forex I can't
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really say that about a deep knowledge
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on the Swiss franc has never helped me
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trade the Swiss franc but I think it's
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different here so if you want to geek
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out a bit on these things
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feel free I'll give you a starter
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version and you can take it from there
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but note that difference that's kind of
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the key of this whole video as far as
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your trading goes but just be careful
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and maybe don't make the move yet that
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part is up to you I can just tell you
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what I'm doing and that's all I can do
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now if you enjoyed this video there's
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gonna be three more like it so subscribe
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and hit the bell if you haven't already
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I enjoy making these videos myself one
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because they're shorter but two because
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I can talk a little bit of shop too I'm
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really in two metals and giving you a
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little bit of a background kind of from
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my perspective is really enjoyable for
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me as well so stay tuned for a new
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podcast episode on Monday and then a
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brand new metals video on Thursday and
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until then go get it
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