SunTrader

The market doesn't care about us, whether we have a small or big stop, whether we double down or not. Price is going to do what it will do. But I place my stop where the market tells me I am right or I am wrong and which means only one thing. Continue holding or get out, and plan the next trade.

Maybe this is just me but doubling up is saying, hey I was wrong so far but maybe I won't be wrong a second time. I have no problem saying I am wrong (the first time) and get out. "The first loss is the best loss" - somebody wise once said.

Goldman is buying ..... drinks. Celebrating the drop, the short cover rally and the further drop to come.

The opposite .

Might have better luck getting a reply to your question than I did to my simple agree or disagree one over on his topic but he maybe unsubscribed here. But I got one for you, isn't investing dot com a free charting service. And if so, unless someone doesn't trade for a living (you might not??), why wouldn't they use something a little more ummm "less free"?

Some long vacation. I hadn't noticed it almost a year ago since OP started topic and last posted!

My A/V blocked two attacks from that site which speaks loudly to me as to the validity of it. Unless of course JPM is responsible for that too. :rofl:

Or watch it flatline for a long while before a new bull market might start.

New moon red arrows / full moon blue arrows:

You would think so. Not my experience with "gurus" You would think a simple question would get a simple answer. Must be the types that were good in school with essay questions. Saying a lot, meaning very little.

You were too soon, Got to allow at least a 38% ret:

No gaps, open or otherwise, on my AUDUSD chart? Opps, sorry misread. Now I see you are talking Gold.

reap not rip .

So don't give an opinion then? So why stop at a monthly lookback. Here is a quarterly chart where price has, phew!, broken out of that pesky trading range. But wait if I could plot a yearly chart it would show we still haven't broken the 2011 HL range or if I could plot a decade chart that hasn't broken it either. Although that range, so far, would be the same as 2011 itself. Glad for that. I'd hate to have to wait possibly years more. No argument, I asked a simple question. As for as argumentative you might want to go back and read your responses to me in your thread around post# 400 though. And try not to be so dismissive of others, at least when outside your topics.

I suppose. You don't follow EW, at least I think, so probably slipped right by. For some a range. For others uptrend,downtrend. Markets are part of the social sciences and not the hard sciences. Most of us play by different rules/guidelines. I prefer not to wait around for things to become obvious. Here is a current chart I'm following which I've added some basic MA's, I don't use them other than many, many years ago used a 89 SMA (blue) and I've included a 200 SMA (red) a lot give credence to mainly because a lot of others do. Price reversed by 89 (not because of it) in Nov'12 and again in Dec then marched right through it like it wasn't there. Did the same for 200 in Dec, Jan, Feb. One of the things, besides EW, that I do like to use is a lin reg channel drawn once a correction and a correction to the correction happens or in other words first new counter wave - points 1, 2 3. Then watch the PA. It bounced up and down its merry way down till late Feb. Then it stuck only in the bottom of the channel until it fell completely out in mid Apr. As can been seen along top and bottom of chart swings are labeled. First swing down from Oct'12 high shows -6.89% drop. After a retracement it is since dropped over -20% more. Can't see why anyone wouldn't see the trend that was underway, long before the fireworks, that price clearly showed? Unless they trade on really, really long term or their rules don't allow for anything else.

Oh I was paying attention to PA, lets just say a wee bit before those dates. As I've mentioned previously LLs, LHs were the order of the day - for months now.

A general comment I suppose, but as for me yes I'd rather trade. But to get "technical" are we there yet - Gold in a downtrend?

My list has only one entry: 1. Waste time making lists. There I go doing it myself. Darn.

Trends are where the real money is made.

Might centralized decentralization? But the more things change, the more they stay the same. Capable of bubbles forming and bursting, like all other kinds of "assets".

Let's get ready to rumble : Kass and Schiff Feud About Gold

I'm not a perma bear. I'm a trader. And I "don't believe the hype" from either camp.

My chart says $1921.05 on Tuesday Sept 6th, '11. A few dollars either way doesn't matter but as you say it is a bear market because it is down 20% off the highs. Perma bull never believed it could happen ........ ever.

You talk of forex and then post an image of amazon.com and another of blurred who knows what?

"The possibility of Cyprus selling gold “is a heavy weight on the market, and could set a bad precedent for other central banks looking to relieve pressures from austerity measures,” Gold Heading for Bear Market Plunges to Lowest Since July 2011 Gold Heading for Bear Market Plunges to Lowest Since July 2011 - Bloomberg