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The VC Price Momentum Indicator Gold and Silver Weekly Futures Swing Trading Instructions July 28. 2017

The VC Price Momentum Indicator

                  Gold and Silver Weekly Futures Swing Trading Instructions

                                                   July 28. 2017

 

Signals are automatically generated by integrating electronic weekly statistics with proprietary algorithms.

 

GOLD

WEEKLY SUMMARY

TREND MOMENTUM:  1258 Bullish

PRICE MOMENTUM:   1267 Bullish

PRICE INDICATOR:

EXIT LONGS:

    2 ) 1295

    1)  1285

EXIT SHORTS:

 

  • 1257
  • 1239

 

 

WEEKLY TREND MOMENTUM

The gold futures contract closed at 1275. The market closing above the 9 day SMA 1258 is confirmation that the weekly trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend to neutral.

 

WEEKLY PRICE MOMENTUM

With the market closing above the VC Weekly Price Momentum Indicator of 1267, is confirmation that the price momentum is bullish.  A close below the VC Weekly, it would trigger weekly stops and negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR

Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 1257 – 1239, and go long on a weekly reversal stop. If long, use the 1239 level as a Stop Close Only and Good Till Cancelled order. Look to take profits on longs as we reach the Sell 1 and 2 levels of 1285 – 1295 during the week.

 

SILVER

 

WEEKLY SUMMARY

 

TREND MOMENTUM: 16.61 Bullish

PRICE MOMENTUM: 16.58 Bullish

 

PRICE INDICATOR:

EXIT LONGS:

    2) 17.16

    1) 16.92

EXIT SHORTS:

 

  • 16.34
  • 16

 

WEEKLY TREND MOMENTUM

The silver futures contract closed at 16.69. The market closing below the 9 SMA 16.61 is confirmation that the weekly trend momentum is bullish. A close below the 9 SMA would negate the weekly bullish short-term trend to neutral.

 

WEEKLY PRICE MOMENTUM

With the market closing above the VC Weekly Price Momentum Indicator of 16.58, it confirms that the price momentum is bullish. A close below the VC Weekly, it would trigger weekly stops and negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR

Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 16.34 – 16, and go long on a weekly reversal stop. If long, use the 16 level as a Stop Close Only and Good Till Cancelled order. Look to take profits on longs as we reach the Sell 1 and 2 levels of 16.92 – 17.16 during the week.

 

The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed herein constitutes a solicitation of the purchase or sale of any futures or options contracts. It is for educational purposes only.

 

TRADESTATION TRADINGAPP® STORE SHOWCASE “Variable Changing Price Momentum Indicator” with Patrick MontesDeOca

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“Variable Changing Price Momentum Indicator” with Patrick MontesDeOca
Patrick MontesDeOca

Join us on July 26 as Patrick MontesDeOca, CEO of Equity Management Academy, offers an overview of the Variable Changing Price Momentum Indicator. This intelligent algorithmic trading system deploys a range of analytical tools to analyze and day trade five futures contracts: gold, silver, soybeans, E-Mini S&P 500 and crude oil. The system is completely automated, comprehensive and highly predictive.

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“Financial Crisis” Coming By End Of 2018 – Prepare Urgently

“Financial Crisis Of Historic Proportions” Is “Bearing Down On Us”

John Mauldin of Mauldin Economics latest research note, Prepare for Turbulence, is excellent and a must read warning about the coming financial crisis. Mind refreshed from what sounds like a wonderful honeymoon and having had the time to read some books outside his “comfort zone” he has come to the conclusion that we are on the verge of  a “major financial crisis, if not later this year, then by the end of 2018 at the latest.”

Source: Financial Times

Read more HERE

Video – “Gold Should Probably Be $5000” – CME Chairman Duffy

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Video – “Gold Should Probably Be $5000” – CME Chairman Duffy

– Fed has caused “frustration” and “confusion” in market place
– “If you adjust for inflation, you should have gold somewhere around 2 to 3,000 per ounce” told Fox Business
– “If you look at what is going on the world, gold should probably be $5,000 to $6,000 per ounce”
– “Lot of us are so jaded about what is going on in the world, it is like yesterday’s newspaper in five minutes
– “One day you will not be able to dismiss them and you will see a huge move in the precious metals”
– Gold “coins are probably of more value than anything else” – CME President Duffy on Bloomberg in 2013


Click Here to Continue Reading

“Silver’s Plunge Is Nearing Completion”

– Silver’s plunge is nearing completion – Bloomberg analyst
– Silver’s 10% sharp fall in seconds remains “mystery”
– Plunge despite anemic global supply and strong demand
– Total silver supply declined in ’16 – lowest level since ’13
– Silver mine production down in ’16, first time in 14 years
– Total silver supply decreased by 32.6 Mln Ozs in 2016
– Supply deficit in 2016- fourth consecutive year (see table)
– “Falling knife” caution but opportunity presenting itself

Read more HERE

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