Cash for gold. What is that an advertisement for? Someone wants to BUY your gold. They're soliciting for people willing to sell because they...
You're quoting the gold numbers at the top of a bubble. It's like coming about a year ago and saying oil is the best investment ever because...
But the point remains that the gold "trade" is nothing more than break-even. However, you're risking some solid downside. Let's see... proof...
You come out break even, that's the point. How is that a trade? The gold bulls think they're making money. Best case scenario, you're break...
Good point. So let's say we do get a single, world currency. What happens to gold then? Is it the same situation? Your ounce is worth...
So, best case senario for you: gold goes to $999,999... so what? Gold is a play on ALL fiat collapse. If you're banking on solely a USD...
So has printing our way to Dow 50k, doesn't mean it's sustainable. Keep your stops tight.
Doesn't matter. This idea that everyone can just go long the market, long gold, and short the dollar, and make money, is ridiculous. These are...
This is my logic as well. The market doesn't let this many people be right for this much money for this long. IMO, gold will be unraveling...
The past is in the past. The only thing that effects THIS trade is what's happening NOW.
You too. Good luck!
For Forex I only use Fibs when they correctly line up with at least a couple existing S/R levels. For equities I use a 10ma/30ema combination...
How do you guys stay solvent in a trade of that length? The swings must be huge. Or are you not in a single position? Do you in and out, but...
No, just psychology 101. :p
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Generally I start from the daily down. Goes something like: - Check daily trend - Check hourly trend - Check 15 min trend - Back to hourly,...
Excellent points, all. I suppose it's just hard for me to quantify how I trade and how I decide my mental stop points. But, you're right, they...
Excellent discussion on that here: http://www.forexfactory.com/showthread.php?t=57639
That's interesting. We really must trade similarly. I'm at 76% with an average win of 7 pips and an average loss of 9 pips. fyi, the w/l is...
My thinking may change in time, but I think the real issue is you're assuming too much and not understanding what I'm saying. Let's say I...
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