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Gold just hit $2000 USD per ounce … Why not learn to trade Gold really well?

Gold just hit $2000 USD per ounce … Why not learn to trade Gold really well?

Another week, another boom in the price of Gold. Time to learn to trade Gold really well, up and down!!!

 

The COVID-19 situation has spiked the price of gold and I am not surprised. Why? Gold is the global currency of fear, and fear is rising. Fear is rising as the uncertainty in the US grows regarding BLM and other geopolitical issues. Gold is also rising as people leave more conventional markets like Government Bonds as the projected returns in these markets weaken. Gold is also rising on the speculation of a Global Currency Reset, otherwise known as a GCR. Regardless of the driving force, the markets are flying up.

 

What happens when the Gold up move stops? What happens when Gold is no longer the favour of the month? Have you missed the run up? No! Have you missed the run down? No. If you trade Gold both up and down, over a short time frame, like we can teach you to do, it does not matter how long it runs up or down for. All you do is get in and out of the market, each and every day, when the signals that we have developed tell you to. It is called the DELTA trade, and as you can see on the screen shot below, produces a lot of very good trades.

 

There is no golden bullet to trading success if you can excuse the ‘gold market pun’. Instead, why not focus on using a great strategy to trade gold both up and down each and every trading day. Just like the chat log below, the markets offer a great opportunity each day and you can try to never miss the high or the low ever again?

 

The chat log below is testament to our freedom to do this on a daily basis as our short range strategies allow. To me there is no better tool to recession proof yourself, regardless of the doomsday forecasts circling.

 

Well done traders on another great trading week!!! ** Lachlan Elsworth.

Here is our Live Trading Room chat log 3 – 7 August 2020 for the Euro Open Session (5 p.m. Sydney Time).

 

The following text grab is straight out of the Live Trading Room for the Euro Open Move with Fred. Please note that there are winning and losing trades in the chat log below. Losing trades are just part of trading so be aware you will get 1 or 2 from time to time. For everyone of you moving forward, slowly or quickly, I am very excited for you! ** Lachlan Elsworth.

 

Live Trading Room Euro Open Session with Fred, assisted by Lachlan!!!

 

Monday 3 August 2020 – Learn to Trade Live Trading Room Text Grab

 

(05:05 pm) JohnM -: +4+8 es  rev off gap

(05:11 pm) ScottP -: +16×2 mnq ec ivo 15s/b

(05:13 pm) HeatherT -: +16 nq sim

(05:13 pm) MaryO -: +10 nq delta Sim

(05:14 pm) AndrewO -: +11 nq sim

(05:14 pm) AshtonS -: +15 nq

(05:14 pm) johnw -: +11 mnq dorpc

(05:14 pm) JeffW -: +11 +22 nq rev

(05:15 pm) james -: +11 nq ec sim

(05:15 pm) GaryW -: +10 nq sim off 50% and +10 nq sim off 50%

(05:17 pm) Nicki -: +4×2 mes rev off the 141

(05:20 pm) IvanM -: +10 mnq sim

(05:27 pm) MaryO -:  +10 nq delta sim

(05:27 pm) AndrewO -: +11×2 nq sim

(05:28 pm) HeatherT -: +25 nq sim

(05:29 pm) AshtonS -: +10 nq rev

(05:29 pm) Lachy : AKITO +10 nq delta live

(05:29 pm) IvanM -: +10 mnq

(05:29 pm) JeffW -: +11 +22 nq rev thx Fred

(05:30 pm) LornaZ -: +20 mnq live reversal

(05:30 pm) GaryW -: +8×2 +7×2 mnq rev off gap

(05:46 pm) IvanM -: +10 mnq

(05:48 pm) Lachy : +10 + 40 dax tar fred!

(05:49 pm) Greg : -12×8 -14×4 es

(05:52 pm) RemieW -: Boom +50×10 dax delta at 12432

(05:53 pm) JeffW -: +11 +45 nq eff

(05:53 pm) james -: +11 nq sim EFF

(05:56 pm) ColeA -: Ended up with +100 dax

(05:58 pm) MaryO -: +10 nq delta sim

(05:59 pm) Greg : +4×8 +8×4 es

(06:00 pm) IvanM -: +10 mnq

(06:01 pm) stephenc -: +11 nq sim

(06:01 pm) ColinC -: +10 nq

(06:02 pm) AshtonS -: +15 nq delta.

(06:03 pm) james -: +11 nq sim Eff

 

Tuesday 4 August 2020 – Learn to Trade Live Trading Room Text Grab

 

(04:43 pm) ColeA -: +10 +58 nq

(04:44 pm) GaryW -: +10×2 mnq cr

(04:59 pm) Michael (MJ): +20 dax sim

(05:01 pm) Michael (MJ): +50 dax sim

(05:02 pm) RemieW -: +10×10 dax delta at 12733

(05:04 pm) AnneS -: +11 +41 dax sim off daily 76

(05:18 pm) Cam D -:  +10 nq off  the EFF with Delta sim

(05:21 pm) RemieW -: +10×10 dax delta at 12682

(05:22 pm) RemieW -:  +10×10 dax delta at 12671

(05:22 pm) HectorM -: +20 mnq

(05:23 pm) RemieW -: +10 x10 dax delta at 12667

(05:23 pm) RemieW -: +10×10 dax delta at 12660

(05:24 pm) RemieW -: +10×10 dax delta at 12654

(05:25 pm) stephenc -: +11 nq sim delta x2

(05:25 pm) Michael (MJ): +20 dax sim short

(05:25 pm) RemieW -: Boom delta at 12653 +50×10 dax

(05:25 pm) johnw -: +11 mnq short into the pivot farm

(05:25 pm) JeffW -: +11×2 nq rev off 50

(05:26 pm) GaryW -: +10 nq sim rev off 50%

(05:29 pm) JimB -: +4 es sim rev @ Gap

(05:31 pm) JeffW -: +11×2 nq rev off 50 %

(05:34 pm) johnw -: +11 mnq short into the pivots again

(05:37 pm) KenS -: +10×2 mnq delta

(05:38 pm) johnw -: +41 mnq long off the gap into the open

(05:39 pm) johnw -:  +21 mnq

(05:39 pm) RobertM -: +11 +64 mnq sim short to gap

(05:40 pm) HeatherT -: +11+21+31 nq sim

(05:42 pm) JimB -: +4 es sim rev

(05:44 pm) johnw -: +11 mnq

(05:44 pm) HeatherT -: +21 nq

(05:44 pm) RobertM -: +11 +40 mnq sim short

(05:44 pm) ScottP -: +25 mnq ec ivo 15 s/b….lots of risk control

(05:45 pm) stephenc -: +11 +21 nq sim

(05:48 pm) ColinC -: +20 nq

(05:49 pm) DarrynB -: +5 +10 es ec

(05:50 pm) johnw -: +11 mnq short at delta at 11031.75

(05:51 pm) RemieW -: Boom of Delta +50X10 dax  12618

(05:53 pm) johnw -: +11 mnq delta at 11025.50

(05:53 pm) stephenc -: +11 +21 nq sim delta

(05:54 pm) johnw -: +11 mnq delta 11021.25

(05:56 pm) johnw -: +11 mnq long off the 76.4 at 11016

(05:59 pm) RemieW -: +10X10 dax delta at 12564

(06:02 pm) JimB -: +4 es sim rev of PP

(06:02 pm) EvelynH -: Thanks Fred, +35 nq See ya next time.

(06:03 pm) RobertM -: +11 +40 mnq sim short

(06:06 pm) GaryW -: +10×4 mnq delta

(06:06 pm) johnw -: +18 mnq into pp

(06:08 pm) JimB -: sorry  +14 es

(06:09 pm) Lachy : well done all!

(06:09 pm) JohnM -: +4×2 es off 4hr 50

(06:14 pm) ColinC -: +11 nq

(06:14 pm) GaryW -: +8 +16 nq sim eff candle

(06:14 pm) johnw -: +4 mes eff c and into the pp

(06:15 pm) HeatherT -: +11×2 nq delta

(06:16 pm) stephenc -: +11 +21 nq sim delta

 

Wednesday 5 August 2020 – Learn to Trade Live Trading Room Text Grab

 

(04:48 pm) DeanC -: +8×2+16×2 mnq live Efficient body entry 1645 candle

(04:49 pm) JohnM -: +4×2 es of 15 min 141.4

(04:49 pm) JeffW -: +11+22 nq rev R1

(04:54 pm) johnw -: +48 mes from the open to the R1

(04:59 pm) Nikolay -: +10×2 nq

(05:00 pm) VadimS -: +11 +0 mnq delta

(05:01 pm) Greg : +4×8 +12×4 es

(05:01 pm) DeanC -: +8×2+16×2 mnq live. Was lucky though. I should NOT have entered that trade because of the brick wall. Happy for the winner but poor execution on my part!

(05:07 pm) JimB -: +4 es sim

(05:10 pm) IvanM -: +10 mnq instantly

(05:10 pm) BarryR -: that took a bit. +8 es

(05:11 pm) VadimS -: +11×2 mnq delta

(05:11 pm) Nicki -: +5 x2 es off the 141

(05:25 pm) JohnM -: +4×2 es off 4hr 141.4

(05:26 pm) johnw -: +11 mnq long into the R1

(05:29 pm) stephenc -: +11×2 nq sim

(05:33 pm) Michael (MJ): +20 +40 +50 dax sim

(05:39 pm) RemieW -: +10X10 dax delta at 12732

(05:43 pm) Nicki -: +5 x2 es delta

(05:45 pm) IvanM -: +10 mnq

(05:45 pm) stephenc -: +11 +21 nq sim

(05:45 pm) ColinC -: +12 nq

(05:45 pm) MarkB -: +10 mnq eff

(05:45 pm) JeffW -: +7×2 nq eff

(05:46 pm) GaryW -: +16×2 mnq sim (sim because of the 76%)

(05:47 pm) james -: +11 nq sim Eff

(05:48 pm) Nikolay -: +10×2 nq sim. done. thanks

(05:59 pm) IvanM -: +10 mnq

(06:18 pm) RemieW -: +10X10 dax delta at 12719.5

(06:18 pm) johnw -: +11 mnq eff c short into the R1

(06:20 pm) GaryW -: -52×4 mnq from delta at top of the run

(06:22 pm) RemieW -: +10X10 dax delta at 12700

(06:23 pm) IvanM -: +10 mnq

(06:23 pm) VadimS -:  +11×2 mnq sim

(06:23 pm) stephenc -: +11 +21 nq sim delta

(06:24 pm) RemieW -: +10X0 dax delta at 12682

(06:24 pm) johnw -: +11 mnq long rev off R1

(06:28 pm) BarryR -: +4 es. Thanks fred, great session

 

 Thursday 6 August 2020 – Learn to Trade Live Trading Room Text Grab

 

(04:54 pm) ScottP -: +16 mnq sim ec into pivot farm

(04:54 pm) JohnM -: +4×2 es off 4hr 50

(05:04 pm) MarkB -: +10 mnq rev cc

(05:08 pm) GaryW -: +10 nq sim rev off PP

(05:08 pm) JeffW -: +11×2 nq rev off open

(05:10 pm) JohnM -: +4+8 es off open

(05:11 pm) AndrewO -: +13 nq sim

(05:12 pm) RemieW -: +10×10 dax delta at 12679

(05:12 pm) Nikolay -: +10×2 nq sim

(05:12 pm) RemieW -: +10X10 dax delta at 12692

(05:15 pm) IvanM -: +4 mes

(05:16 pm) RemieW -: +10X10 dax delta at 1212712

(05:16 pm) johnw -: +7 mnq eff c

(05:16 pm) Nikolay -: +10×2 nq sim. done today. thanks

(05:16 pm) MarkN -: +11 x 5 nq sim

(05:18 pm) MarkB -: +20 mnq eff

(05:19 pm) AshleyB -: +10 nq delta HV @11115.5

(05:19 pm) RemieW -: +10X10 dax delta at 12719

(05:21 pm) HectorM -: +8 mnq

(05:22 pm) Michael (MJ): +20 dax sim

(05:32 pm) IvanM -: +4 mes

(05:32 pm) MaryO -: +10 nq delta

(05:33 pm) RemieW -: Boom +50X10 dax delta at 12750

(05:33 pm) johnw -: +11 mnq rev off my fib. ext

(05:34 pm) AshtonS -: +2 nq lol

(05:35 pm) stephenc -: +11 +36 nq sim delta

(05:36 pm) GaryW -: +10 nq sim rev cc

(05:40 pm) Cam D -: +10 nq cc pullback

(05:40 pm) MarkB -: +20 mnq rev cc

(05:40 pm) EvelynH -: Thanks Fred  +11 +18 nq.  See you tomorrow.

(05:41 pm) ScottP -: +11 +21 +1 mnq rev sim

(05:42 pm) Michael (MJ): +20 dax sim

(05:44 pm) Michael (MJ): +40 dax sim

(05:45 pm) PeterK -: +4 es sim

(05:47 pm) Cam D -: +10 nq ec

(05:49 pm) stephenc -: +19×2 mnq sim KW special rev

(05:49 pm) JimB -: +4 es sim KWS as ell

(05:50 pm) JohnM -: +4×2 es

(05:50 pm) ColinC -: +14 nq

(05:50 pm) PhilC -: +10 mnq sim

(05:50 pm) DavidG -: +5+10 es

(05:51 pm) Michael (MJ): +20 dax sim

(05:51 pm) PeterK -: +4 es sim

(05:52 pm) DavidG -: +15 +30 nq sim

(05:54 pm) DarrynB -: +20 nq rev off YA

(06:02 pm) GaryW -: +10 nq sim off 50%

(06:08 pm) BarryR -: +4 es Bias Eff

(06:16 pm) Nicki -: +4 +8 es off the open

(06:26 pm) AshtonS -: +12 mnq for the night

  

Friday 7 August 2020 – Learn to Trade Live Trading Room Text Grab

 

(05:10 pm) johnw -: +5×2 +11 mnq long rev off pp

(05:15 pm) Nikolay -: +10 nq sim

(05:20 pm) johnw -: +5×2 -1 mnq ec

(05:22 pm) Nikolay -: +10 nq sim

(05:22 pm) HeatherT -: +11 nq sim

(05:22 pm) HectorM -: +12 nq delta

(05:22 pm) BarryR -: +5 es

(05:22 pm) Nikolay -: +10 nq sim. done. Thanks

(05:23 pm) johnw -: +5×2 +15 mnq dorpc at 11217

(05:23 pm) Kelvin M -: +10 +20 mnq

(05:23 pm) ColeA -: +10 +25 nq

(05:23 pm) GaryW -: +10  +1×3 mnq Missed the delta while changing that 76, but got the step break

(05:24 pm) johnw -: +5×2 +11 mnq dorpc 11219.75

(05:26 pm) james -: +11 nq sim ec

(05:26 pm) KenS -: +11 +21 +31 mnq dorpec

(05:26 pm) HeatherT -: +11 nq sim

(05:26 pm) johnw -: +5×2 +11 mnq delta

(05:27 pm) DarrynB -: +10 nq delta

(05:27 pm) stephenc -: +11 +21 nq sim delta

(05:40 pm) GaryW -: +11 -2×2 mnq step break long

(05:58 pm) JeffW -: +11 +22 nq step

(05:59 pm) HeatherT -: +11 +21 +25 nq sim

(06:01 pm) RemieW -: +10X10 dax delta at 12615

(06:03 pm) GaryW -: -27 nq delta

(06:21 pm) BarryR -: – 20 es

(06:23 pm) ColinC -: + 12 nq

(06:23 pm) MarkB -: +10 mnq eff

(06:23 pm) DanielD -: +15 nq sbs , trading with sim account is easy. Trading real is a mental game.

(06:25 pm) HeatherT -: +11 nq

(06:26 pm) GaryW -: +12 +1 +0 mnq bs

(06:28 pm) EvelynH -: Risk been too high on nq so  +20 x2 mnq

Well done Traders!!! Let’s keep trading the volatility using one of the best ‘Learn to Trade’ environments I have ever seen!

 

Lachlan Elsworth – Lead Moderator.

To me, the Live Trading Room chat log represents one of the only true measures of the credibility of a trading strategy. Why? Simply put, there is no where to hide in a Live Trading Room. For years I have had the privilege of teaching people how to trade the markets really well and my journey continues into 2020. Once again, the chat log above is proof that trading does work, if you approach the right markets, at the right time, with the right strategy and a great team to help you along the way! Well done all! Lachlan Elsworth 

If you are not in the LTR and want to find out more about the IDTA Philosophy and Strategies then please watch our a FREE 90 Minute “On Demand” webinar here. Click here to get started!

 

Lachlan Elsworth and the IDTA Team!

 

Past Performance Customer Caution Notice.** Please note that our member posted results are not independently verified by IDTA, nor can the results be used as an indication of the past performance or the future performance of the strategy. All results must hence be considered hypothetical in nature. IDTA has over 1000 clients in 20 countries and to verify every result posted into the Live Trading Room, on a daily basis, would be an impossible task. Trading days that do not result in a trade being called in the Live Trading Room will be commented on accordingly.