They are mine, so don't take them as gospel. Well, the price data isn't, but the interpretation is. I continually produce and save running charts on my CFD provider account with the free software. I used to use Metastock until CFD accounts evolved to their current state.
Do you seriously think the largest and most sophisticated financial institutions in the gold market and in the world, realistically, the only ones who are capable of creating such a move as we have seen lately give a shit about trend lines? The turtle traders, whilst profitable in their system because of good money management, buying strength and selling weakness were wrong like 70% of the time. I would put it too you that these odds and your odds are quite poor as price has a tendency to come back into ranges. When price is moving against you the odds are more in your favor. Just a thought
No. Not at all. I would put it to you that my strategy, and therefore my odds, are nothing like the turtles. I would also put it to you that odds alone do not make trading profitable, but expectancy. Finally, I put it to you that I find the statement "When price is moving against you the odds are more in your favour" quite bemusing.
I would not be so presumptuous to say your trading strategy mimics the turtles, however I am speaking more conceptually as I am when price is moving against you and yes ultimately all that matters is a positive expectancy.
S & P broke above the 50 day moving average last night. That will be a significant technical indicator for many traders. I am still a bear, but I am remaining on the sidelines until I'm convinced this rally has played itself out.
In my opinion the rally is now finished. Each shoulder is now the same height & same trading days in width. Combine this with the shooting star doji last night. As always do your own research.
Stocks tumbling on cue. For any newbie members watching, you can pretty much be assured of making good profits if you do the opposite of whatever BullionBaron posts. He's been the best contrarian barometer for the last 5 years. Easy $$$ in the bank!
LOL -- still waiting for you to post a winning trade Baron. Every single time your call is wrong you attempt to dig up & photoshop something from the past ....
That is hilarious - you had to go back to 2009 to find a winning trade - that is if you even posted the correct price data. Congrats on making a few $$ in 2009.
How could there be plenty since when you've had all your money in dropping physical metals for the past half decade?
Looks like 2 winning trades since 2009 - I'm impressed buddy. I do honestly hope you can keep up the winning streak.
I don't like to gloat Dan, but since you insist.... Just a couple of the ones related to this forum; Where do I start - telling people to buy bitcoin on this forum before the run-up, then selling @ $1000. Selling my physical metals in 2011 near the peak (this thread has been posted many times- I'll let you find it) Counteracting Baron's more than 10 bullish calls, all the way down in precious metals for multiple years now. Calling the recent run-up in gold which should continue. Calling what should now turn into a big stockmarket drop.
how petty... Just as you shouldn't ponder losses, you should never gloat over success if you're a trader - the desire should not even cross your mind. The best traders are always humble and have their behaviour in check. Public showboating really only brings to light personality traits that should not exist if you want to be a successful. No one is stupid enough to believe a squeaky clean track record, if that is all you are willing to announce, then no one will ever take you seriously. A trader that wants an audience is destined to fail.
