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Yes, However, the backtesting that I have done shows that randomness is acutally quite successful. I have backtested multiple different indicators, and have discovered that simply using the rule: go long(short) after a green(red) candle and hold for 2.5 candles, provides a very profitable...

I'm actually doing that BWOL. However, the backtesting itself isn't enough based on what I have read. The physical act of trading and the associated psychological conditioning is a very necessary part of the learning process. Now, I understand that you have fully automated the process...

There's only one way to learn. SIM trading doesn't cut it. And the $2000 account I was telling you about is only down $320. The $1500 has been lost in small pieces over the last several months. Its called "tuition", my friend. It is a necessary part of the learning process.

I see. Thanks. Maybe Jack is right. We're just too lazy to do the work required to figure this out. I really don't want to have to wade through 341 pages of what is likely a bad idea. But, alas, one does need to put in the work to succeed.

Percent? I don't know. It was my first ever year trading, and I lost about $1500.

Who needs an indicator when we have GrandSuperCycle! :D :D http://www.elitetrader.com/vb/showthread.php?threadid=214546

You have just revived a dead thread. Seek professional help. Excessive need for attention is a disorder.

Good lord, how many ET members do I need to put on ignore?

It was a rather good tool of prediction for the rise in XAU at about 12:30 EST, but since then nothing of value.

Long again at 1547.25 at 15:06. May have to hold this one for a while. I don't know if it can break through the resistance in the 1550 region which was a support until destroyed earlier this morning ( support visible in 1 hour chart). So long as these issues in Europe persist I think this...

Because, I am rahter new at this and believe very strongly that one should focus on one thing at a time. However, yes, I am aware of the rather strong correlation between XAU/USD and EUR/USD.

I was long and exited at 1548.97. Pretty close to what I told Socrates earlier today. It proved a good short term exit point since gold has retreated to 1545.39. Trying to decide whether or not go long or short at this point. I went long at exactly 9:31 at 1530.35.

Point taken. Here's a little proof that I was actively trading while we were chatting, just in case you still doubt me, given that you did express doubt. Yes, I am indeed foolish enough to be proud of trading paper rather than physical. But, I made money today. :D :D

I can't speak for you in the USA, but 2008 for us here in Canada, was nothing more than a small recession. When you use the word "collapse", I think Germany before the 2nd world war when it required piles of cash to just get a loaf of bread.

Very funny that all these individuals surface in this thread posessing a profile start date sometime in 2004. Socrates, are you the pot or the kettle? And I do trade actively with real money right now as I am typing. I am waiting for XAU/USD to recover to about 1550 where I will exit for...

Actually, I'm not sure that a minor in math would give him the tools to understand that. As a new trader, this is not something I have worked with before, so I'll have to go and do some reading myself.

There you go writing the stupidly obvious once again. Yes, gold is down for the day, and the week, and the month. In fact, it hit a low not seen since last July.

Here's one for you Cycle: The SP500 has a 98% probability of going up for a period of two minutes at some point tomorrow.

Are you the pot or the kettle?

Follow the herd over the cliff, or follow Jack out of the frying pan. What a choice!