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Thanks. I am not worried and will trade my plan. I will follow what the charts say. When I second guess them I lose more than I win. I often find that when these events happen that markets were already going to do what they were going to do and the outside events have little if any impact...

Gold is trading up because the USD is trading up. Doubt it has much to do with NoKo. Thanks for the heads up but I am going to trade my plan. (Until I have a stop hit or system says sell.) US Dollar is due for a bounce. Will likely be an opportunity to reload on positions if you so dare.

I get what you are saying but a MC analysis actually assumes the same exact trades you enter in the analysis but assumes RANDOM trade wins and losses in the system. So it assumes you trade the system the same over the course of say 200 trades but it repeats that random wins vs losses 10,000 times.

I suspect you will fail but you have a small chance of being successful. First, as others have said real trading is NOT the same as sim. Second your calculation of Profit:Loss Ratio is wrong. It is NOT calculated as (Total Profit)/(Total Losses). It is Calculated as (AVERAGE Profit)/(AVERAGE...

This is probably the most TRUTHFUL statement made on ET in a long time. I didnt get here by just reading a couple web sites for a few hours. I "spent" tens of thousands of dollars in "Tuition" to the Market University while I learned this over a period of about 4 or more years. And I get...

Are you guys saying because I am NOT making stupid noobie mistakes its not entertaining? LOL

ABSOLUTELY,.....Assuming the trader has Good Risk Management Skills! I think this is an area of confusion that people try to rehash over and over. In a nutshell WIN RATE determines MAX DRAWDOWN. Thats why you care about win rate. The lower your win rate the LONGER your MAX losing streak...

I appreciate what you are saying. I think that I started this Journal to keep me looking for stocks all the time. But I feel like I am just talking to the walls. However, I got what I wanted out of it from a stock picking routine. I have a bit more of a routine going and will continue that on...

Well I had a great day today. My account is UP OVER 2.5% just on the 3 trades listed here. The market did almost exactly as expected. Over the weekend I gave detailed analysis of the charts and showed why I think Financials, all commodities except precious metals, and transports were all going...

Having a really good day with the GDX SHORT as per my TA. Gold and precious metals taking a dump recently. I expect it to ACCELERATE to the downside after the Holiday. Finally added to my CENX LONG position where I had a weak position with wide stop. Now added full 1% risk to this with the...

Thanks for kind words victorycountry. NSC = LONG @ $121.59 just now. Stop loss = $118.07

Just checking on past charts I have made and ran across this chart. I have not checked this chart in over a year since I made it in early 2016. It is a MONTHLY chart of Gold. Notice that we are at the upper end of a pennant flag formation on the monthly chart. Pennant flags are BULLISH...

So, I just reviewed this past weeks charts and it appears that based on my TA the market had lower volume as expected for a Holiday but that some of the recent decisions in Europe are apparently effecting how people are allocating money and a shift appears to be taking place. Much of the past...

I know I said no trades for a few days but I am seeing a rotation into banks and especially large US Banks as well as further evidence of rotation into all commodities EXCEPT Gold. Looking to add to SHORT GDX if the opportunity arises. Looking to add to LONG CENX if the opportunity arises...

Looked for new trades tonight and really see NO NEW good trades based on my search criteria. Only thing of note is that MOST of the gold mining stocks are now good shorts based on my criteria whereas before it was just GDX and AEM. May now look for opportunity to add another 0.25% RISK to my...

Bravo. Well said. Could not agree more!

CENX lost some but small position with wide stop there so basically peanuts made and peanuts lost....no meaningful change to the account. However, GDX down 2% today. Have a full 1% position on that with a relatively tight stop so did quite well today but expect much more out of that move...

GDX starting to breakdown further. Down >2% so far today. CENX starting to reverse from UP 2% to down about 0.5%. I have some signs that the market in general is starting to be top heavy and looking to correct. No sell signals on SPY yet but we are close. So moving my stop up to $14.84 on CENX...

Glad I decided to raise some cash. BOX taking a big hit today. All sectors taking a hit including bonds. Only sectors doing well are commodities EXCEPT precious metals, so OIL and copper/steel, and aluminum doing well. Oh financials doing ok as well today. Having said that, the precious...

Thanks for the heads up on those. I have been watching them as well and although they appear to be strengthening they still do not YET meet my requirements for an uptrend and appear to be consolidating from recent down moves. However, miners and XME and FCX all appear to be improving and may...