Personal Coaching - Gold Trading

[NEMO]

nape cg ni...mengong ker

 

[Les Lau]

Rekod Baru, 1628

 

[Les Lau]

Gold price going to breakout up.

 

[Les Lau]

Yes! See how price Naik after breakout.

 

[Les Lau]

Yesterday breakout pattern, sell at 1611.65

 

[Les Lau]

Take profit early at 1607.50

This teknik is short term scalping.. trading breakout Pattern.

 

[mat ki]

menarik jer aku tgk chart tt tu. pakai trendline as s/r untuk tgk trend and breakout.
sorry tt, nak tanya sikit..ur entry kat m1 jer ker..kat m5 tak buat entry?
aku dulu pon trade pakai trendline gak...tapi hancus sebab trendline yag aku lukis tu tak betul he he...
btw..gud luck tt.

 

[Les Lau]

menarik jer aku tgk chart tt tu. pakai trendline as s/r untuk tgk trend and breakout.
sorry tt, nak tanya sikit..ur entry kat m1 jer ker..kat m5 tak buat entry?
aku dulu pon trade pakai trendline gak...tapi hancus sebab trendline yag aku lukis tu tak betul he he...
btw..gud luck tt.

I use M1 for scalping..need fast analysis, tangan kena cepat..
you want to use M5 boleh juga...

Ya, mesti lukis trendline betul2, sgt penting!

 

[Les Lau]

US Debt & Gold/Silver Price

After many years of studying the issue about the US debt, here is my analysis..

In summary, there will be 3 scenarios about the US debt:

1) US is going for a major reform, and suffering for a long period of time to pay back all the debt

2) US print a lots of money to settle the debt

3) Default on the debt


1) 1st scenario is actually a proper way but unfortunately until now, there is no serious sign US is doing it. Even starting from today lets say they are cutting down expenses, balancing the budget and paying back 1 Trillion USD per year, it will take them a minimum of 15-20 years to settle all the debt.
Are they willing to be disciplined and sacrifice?
Unlikely.
Their whole system is a disadvantage now, and wouldn't allow them to choose this path.


2) Printing money. US is doing it now.
Every country do print money, but US print the most and fastest.
(behind every US dollar printed, it is backed by debt)
This will cost US dollar less valuable.
QE1, QE2, .. QE(N)

Hence Gold & Silver price in relative will go up.
(short term price might fluctuate, but in the long term at least 6 month to 1 year Gold & Silver price will be rising)


3) If US don't wake up and changing course, there will be a reckoning
day when they are going to default on the loan.

In this case, USD will lose the status as a world reserve currency.
This will cause US dollar a major decline and implode.
At that time Gold & Silver price will 'skyrocket'.


Les Lau

 

[Les Lau]

Gold M15 chart.