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Thanks for the reply. Not sure what you mean by strategies that react to market action work better? EW and Gann also do both.

I've read Trade Your Way to F.F. Found it helpful. I understand that VK Tharp has taken the Sedona Method. His book certainly touches on similar concepts. You can buy the book, Sedona Method by Hale Dwoskin, but I would recommend the audio tapes, or even their seminars which are much...

I went long yesterday. Waited til spot price broke $817....usd is now pulling back, seasonality is positive, recent events in Pakistan are all favourable for gold...plus oil is up.:)

One of the main factors supporting $100 oil was the low usd. Can't see it going anywhere but down in the next while.

I am confused as to why you would trade in the direction of the bottom indicator i.e. red or green. I use ADX/DMI and have understood that whichever DMI+ or DMI- is on top, is the direction of the trend, and price action bears this out. Also, you did not mention at what point the ADX must...

thanks to all for your responses. :)

Realist, I do believe we are getting a pop in gold, having been down at support, i think its time to test resistance. With the gold stocks in -ve territory, and the usd going up, up, up. I am not sure that its time to be bullish, until we hit well above the present level. Just my 2...

thank you, gentlemen, I used to go to cineplex for my entertainment. Honestly, this is funnier, I don't have to leave home, or worryabout a schedule. To all of you who have the courage to speak up for what you believe, BRAVO!!!

Thanks syder, Wow, what a young age to die of prostrate cancer, which, to my understanding, is usually not that malignant. We seem to think we will live forever, when, actually, all we have is the present.

In my experience, my "failures" had to do with oversimplifying the market...entry is not the most important thing, it is money management and risk management. Having said that, I have been quite surprised at the depth of knowledge required to be good at understanding the markets. Also...

Carl Jung, once responded when asked if he believed in God stated, "No, I do not believe in God, I know him".....I think if you know him, you'll figure that out.

some might say that what you are was never born and will never die

Wow! Great conversation...

Beginners always have unrealisitic expectations, and only look at the winning potential. Seasoned traders look at risk first, since they know that if risk is managed, the profits look after themselves. :cool:

Faraday stated that "all that exists are mathematical point s of difference" 1 + 1 = 2 ....this is constant, unchangeable, true. Ultimately, in the Hindu faith, Buddism, and Gnostic faith (i.e. the precursor to Christianity) all agreed that the world was an illusion. The question is...

Thanks to both of you for your response. It looks to me like GG has found support and $30, for now. The range of GC is quite constant, from the chart you posted. Looks again, according to the range, that a pop/test up is due. Interesting chart of XAU/gold. Divergence obviously means that...

I shorted gold alittle while ago and made a small profit. When the markets tank, it is usually a quick move, so I take my profits earlier. At this point, I am happy with small, consistent profits. I am waiting to go short gold again, after this correction...plus there is not alot of...

Gold hit $850 when the usd made a historical low, and sentiment was at an extreme. Things might be different now that the usd is bullish. Lets back up our claims. However, this is what makes a market!

I can certainly identify with alot of the comments. What I'm finally learning to do, is to only take the best of the best trades. Ofcourse, I don't make as much money since I'm not always trading, but I'm not experiencing the drawdowns, mentally and financially either. I read along time...

I take it you are still waiting...with all the bad news on the credit front, gold essentially did nothing to-day