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Exactly. Goldbugs was just salesmen. Listening to those guys will send you to the poorhouse.

Listening to guys like Peter Schiff.

Looks like the time which we were talking about this, about 2 years ago, actually was the top. lol

I remember when I first started trading, a guy told me that the institutions are concerned only with taking money from each other...not from a retail traders. He told me this in order to immediately kill the idea that if I were losing, it's because some major player is gunning for me.

I've never looked into that, I'm embarassed to say. However, I've never had an issue with them. Maybe it's because my account may be considered small. I do have an account with Dorman as well and have never had an issue with them, either. Based on what I've seen, they have plenty of Excess...

S&R, from my experience has a lot to do with context.

Well, there are certain sectors of the market that are considered to be defensive sectors. Meaning that investors typically run to those sectors when the market is in a downtrend. Likewise, when you see a stock that is unwilling to fall with the rest of the market, that's very telling.

My technical methods are working just fine. lol

Believe it or not, that's kinda the purpose of the mainstream financial media. For that very reason is why a lot of traders prefer the charts.

That sounds like auto-blogging.

I guess that would depend on your reason for reading the news.

What the hell!? I thought that this thread was recent until I began to look at the dates. So you're telling me that Market Surfer has been up to this foolishness for a long time?

The quickest bubble story ever.

About a month ago, I was looking for a bottom in Live Cattle but it looks pretty obvious that this market is going to continue lower.

Down we go! Double top on the weekly.

I've always wondered when it comes to retail FX... Let's say that you're a good trader and you deal with brokers who take the other side of your trades. How long are they gonna let you continue to beat them?

That's why I'd rather trade currency futures if I can't trade currencies through the banks. The retail FX market is a rip-off.

David Weis' explanation of Wyckoff's work is the closest thing to a holy grail as far as TA is concerned.

But is he making money off of his predictions?

You never know about ET.