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Sorry Beau, but I really don't think your lower high argument is any more valuable than pure randomness. Need I remind you of your pre-Christmas three lower highs argument on the nas100? Extending that logic we should see 1900 in the next month or so. :D :D Also the lower highs formation...

A deviant who deviates may or may not be gambling. :D

"Leave (GrandSuperPooper) alone!" http://www.youtube.com/watch?v=kHmvkRoEowc

Sorry ES, not as simple as that. By definition, to profit from a risk one must gamble. However, over the long run, can you actually reduce your risk to 0? If you can, there is no risk, and therefore no gamble. So the answer is in fact both: Each trade is a gamble, however if your strategy...

He does post a few trades, but its utterly useless. Occasionally he provides an entry and an exit, however without knowing when the entry/exit occured, it provides zero benefit to the observer. More often than not he leaves out a big chunk of the losing trades he makes.

Wise, not really, I just find it fascinating the extent with which trading actually exposes the current state of each person's character. We all seem to go through the same learning process, despite the advice of other experienced people, all 95% of us, while we learn to become the 5% that...

Liar, liar, you didn't post your most recent XAU entry and exit. Remember stating that you had reentered. And then you stated a new exit. So what are those numbers?

"Oh Dear."

I was just reading this old entry from 2005, 7 years ago. Very interesting to observe the process that many of us seem to repeat as we go from newbie to experienced. Several months ago, as a complete newbie, I proposed the same idea as above, and was promptly torn to pieces by the responses. :D

At what price did you short? That's right; I forgot. You like to wait for gold to go up a LOT more before you finally make your price public.

Yes, and so was your top call on nas100 at 2396. :D :D However, I do have to give you credit for graciously acknowledging your mistake. GrandSuperPooper needs to learn from this.

By the time the crash has started GrandSuperPooper will be bullish again.

By the way, GrandSuperPooper. I wanted to point out a further reason to be confident that XAU/USD has stabalized and may soon go up. Notice how little XAU moved over the past couple of days despite the rising US dollar index and the falling EUR? Usually, there is a strong inverse relationship...

Ha! Ha! Ha! Didn't realize till now that I had been added to the list of sockpuppets. Poor, poor, poor, harassed, GrandSuperPooper!!

'market' is a generic term to describe many different things that one might be trading at any given time. Atleast, that's how I use the word.

I am nowhere even close to the 1650 stop I have set. 1800 by Friday is looking less and less likely, I must admit. However, look at the day chart. Something significant needs to happen to push it below 1700. There's quite a bit of resistance in that 1705 to 1735 range. I think we may...

Its GrandSuperPooper, the "... bipolar ... naive stupid ... idiot...", back to his usual tricks.

Of course. That's his style. Change his mind AFTER the market has already done its thing, and then pretend he was the smart one who predicted it.

Well said, Bone.

How do I count those tiny $50 forex accounts I started with?? :D Burned through 4 of them. Some of you guys start with 10s of thousands. Must take quite a bit longer to burn through that.