Disliked{quote} I had initiated test shorts @ 1300 - 1305, who knows PA takes a U turn and it goes down, nevertheless these were to test the waters.Ignored
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Disliked{quote} I had initiated test shorts @ 1300 - 1305, who knows PA takes a U turn and it goes down, nevertheless these were to test the waters.Ignored
Disliked{quote} I had initiated test shorts @ 1300 - 1305, who knows PA takes a U turn and it goes down, nevertheless these were to test the waters.Ignored
Disliked{quote} I see..you must have done this towards fridays close (as it kinda made sense then...) <but i do also remember you saying that you wouldn't be surprised if price gaps up on monday> (which in a way it did - as price hasn't retraced once since the asia open) well as long as they are just tests...Ignored
DislikedDEMARK says that they're might be a S&p correction of $11% starting this week... (source bloomberg) This might be the trigger of panic and could lead to gold heading much higher!Ignored
Disliked{quote} He predicted the same thing in 2011 and was wrong. http://thecrux.com/top-market-timer-...bout-to-begin/Ignored
DislikedDEMARK says that they're might be a S&p correction of $11% starting this week... (source bloomberg) This might be the trigger of panic and could lead to gold heading much higher!Ignored
Disliked{quote} {quote} Warren Buffet says people who invested in Gold are stupids, OK, his angle maybe fine if he came across people who were investing in Gold like dumbs and not following systems like Golden Seasons. I know who Warren Buffet is, yet, I can teach him a few lessons about how to invest in Gold and yet not take any major loss. Having said that, I always wonder why do people get carried away by those names? Why don't you use your own analysis? Show the courage and patience to practice with pocket money or use demo accounts.Ignored
Disliked{quote} He predicted the same thing in 2011 and was wrong. http://thecrux.com/top-market-timer-...bout-to-begin/Ignored
Disliked{quote} {quote} Warren Buffet says people who invested in Gold are stupids, OK, his angle maybe fine if he came across people who were investing in Gold like dumbs and not following systems like Golden Seasons. I know who Warren Buffet is, yet, I can teach him a few lessons about how to invest in Gold and yet not take any major loss. Having said that, I always wonder why do people get carried away by those names? Why don't you use your own analysis? Show the courage and patience to practice with pocket money or use demo accounts.Ignored
Disliked{quote} Independent analysis is key but there is no harm in listening to others opinions and then forming your own bias also... infact this is embeded in human psychology whether one likes it or not...one gets influenced by others even if they intend to or not! buffet is a value investor; hence it is logical that gold doesn't appeal to him as much as equities demark is a technical analyst...and relies solely on technicals (and there is a real good case that the s&p needs a correctionIgnored
Disliked{quote} i agree with you 1298 even 1240. but, did your stoploss hit on that chart? i hope not, cause now price look move down a little.Ignored
Disliked{quote} Independent analysis is key but there is no harm in listening to others opinions and then forming your own bias also... infact this is embeded in human psychology whether one likes it or not...one gets influenced by others even if they intend to or not! buffet is a value investor; hence it is logical that gold doesn't appeal to him as much as equities demark is a technical analyst...and relies solely on technicals (and there is a real good case that the s&p needs a correctionIgnored
DislikedNow back to Buffet and Gates, they think that investing in Gold is purely psychological. The best use of Gold can only be in ornaments, I assume they are referring to rings, necklaces etc worn by people. They think investing in Gold sounds purely psychological, OK, fair and square, I agree with that. Buffet likes to invest in Coke, GE, food products etc if I'm not wrong. BUT, just because he came across people who do not know how to invest in Gold does not mean that investing in Gold is a stupid idea. My point is that these bigwigs could be misleading...Ignored
Disliked{quote} Well its not their lack of knowledge of gold...You see Bufet has a broader perspective on things and he focuses more on equties than anything else; and he has 30 plus years of data to support that argument. (heck he is amongst the worlds richest men) so what he says does matter...infact his actions can move markets..think back 2011 when he bought bofa and saved it from bankruptcy! but now with that being said "should you go and take your scope on gold from him"...(for instance I would not go ask roger federer what he thinks about who will...Ignored
DislikedYou may be right mate, for instance, after I started posting Golden Seasons here, few fellas posted a German Analyst's conclusive theory which was pretty identical to my Golden Seasons. I did 10 yr research on the basis of ancient Indian Festivals and apparently he (German) relied only on science and maths and he had researched last 30 yrs. Either way, we both fell on same page. So you could say, its fine to listen to others. People here kept asking if I was following him, after all he is much senior and world renowned analyst and I am a small fella...Ignored
DislikedDude, I don't have to go to anyone as long as I have my systems working for me. If they like, they can come to me. Anyways, lets move on from this. Been scalping the range on H1 and feels good so far :-) {quote}Ignored
Disliked{quote} speaking of scalping the 1 hr charts and shorter time frames... I am curious what system you use.. I am not really a scalper and whenever i try i get it more wrong then right! hence I am very curious what your system is... the other day; I read about a 5 minute scalping system using the 1hr moving averages for entry point here on forex factory! i found it interesting...has anyone tried it for gold?Ignored
Disliked{quote} Well its not their lack of knowledge of gold...You see Bufet has a broader perspective on things and he focuses more on equties than anything else; and he has 30 plus years of data to support that argument. (heck he is amongst the worlds richest men) so what he says does matter...infact his actions can move markets..think back 2011 when he bought bofa and saved it from bankruptcy! but now with that being said "should you go and take your scope on gold from him"...(for instance I would not go ask roger federer what he thinks about who will...Ignored
Disliked{quote} There is a paid indicator "smart VSA", old free versions are there too for practice, Google it and you'll find something. Do some back-study and I'm sure you'll find something useful. Whatever system you follow or develop, keep in mind that it takes 3 - 6 months at least to get to a good level.Ignored