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Ok, i admit i was wrong using S&P with BBG : BBG doesn't compound dividends on very long period, I didn't know that. Anyway xelite777, arguing that trading is not negatively skewed shows that you are not a pro and/or novice because this is an evidence. Pro traders usually are right 50% to 70%...

Interesting. Let s see if 1270/1280 holds first. Your set up level @1270 by "firms" (GS? JPM? Paulson & Friends? Dark pools? etc) reaffirms a "conspiracy theory" that just doesn't seem really realistic here. Humans just try to make money, as you and i (greed) and just quit if they loose (fear)...

AfterLOS: On a weekly chart it seems that Gold fluctuates in a big symmetrical triangle. It must rebound quickly because we are testing support (green line in the graph). In this case, rebound should go near the resistance which is 1330 (red line). Moreover, we are at the end of the triangle...

Not really if you take a logarithmic scale ;) But I agree. It will end badly. Please fasten your seatbelt.

Paper trading is a plus because it gives you a "plan" and this is quite better than no plan. Lot of people are trying to go from "ideas" to "ideas" but with no plan. And without plan, you lack discipline. So paper trading can help, but IMO you must written behavioural rules too that you should...

Xelite777, i truly love you. You take "examples" as for rules. You think trying to bash me makes you clever. If you are happy with that, be happy. Continue to make your money with trading range tactics or buying tops (because it will eventually become a support). It works 100%, i agree with...

Sure S&P500 on average made 10% on average since inception? You play with pros xelite777 so better watch out your numbers. Actually S&P (dividends included of course) made +5.5% since inception (source : BBG). Not so great, right? And trading is not S&P500. Traders performance are negatively...

Trading is a negative sum game. This is casino. Lot of losers give money to few winners. One big winner, the casino (broker). Of course some losers could think they are winners because they had some luck. But at the end, they give all to the broker and the winners. And newbies arrive to replace...

For an investor, multi-timeframes are an obligation, weekly or even monthly charts help to understand the big picture, are we in a trend or a counter-trend? Of course an investor should never go in a counter trend. For a trader, multi-timeframes are a big plus. Two examples : 1 it can help you...

Of course Holy Grail exists. As sure as humans are predictable and that everything in nature is ruled by Gauss curve. But to do systematic trading means perfect discipline and/or perfect system. Perfect discipline : depends on you. Marty Schwartz was a good example of disciplined trader with...

I think you might find it interesting. http://peterlbrandt.com/bearish-technical-case-precious-metals/