Agree. GLD representing gold is currently: --Greater than 2 Std Deviations below it's 200 EMA --Greater than 20% below it's 200 SMA. http://britefire.wordpress.com/2013/04/24/438/ These are historical extremes and similar locations to the 2008 extreme bottoms. Gold appears due for a reversion to the mean [at least to its 200 MA] price rise. Tho note, In 2008, after returning to it's 200 MA gold plunged again below its prior low.
Holy shit! WTF happened to the Brazil dude? Looks like he blew his account! http://www.myfxbook.com/members/trade4you_brazil/mt4-iron1/532014 As of Monday up 117% on the year, now up 1%. All gone to shit in 1 day. :eek: :eek: :eek:
But there's no reasoning being your statements other than that's how you'd like it to be. I have given you the math and it is not shooting high so not break it down and show the flaws. The fact is I'm conservative but you don't have a rational argument to prove my projection wrong. Look at your silly $100,000,000 when I have already discussed liquidity and year 2 projections. If that's how you reason how can you understand enough to make sense of trading. Then you end up with a loss of everything based on what? Tight stops being continually broken and not stopping to review what has gone wrong? There are too many wild thoughts here but good luck in your trading, sincerely.
Today on the count of being up all night and away from my full set up I looked for as short term as possible 1/5 min ~ 70 moving av. Waiting for a bounce off yesterdays trend line coming in off the 5 min gave a long which stalled out for a reversal. Thats as technical as it got. I cant answer for them I can only speak for my self, and the only person who has been shown to be full of bullshit in this thread is surf but like a religious lunatic he just :all your rhetoric and obfusication isn't going to change anything: time and time again. Having never sat next to the guy I do not know, I would not expect someone who built a business from the ground up to have such an unrealistic attitude towards money, $10,000 to $1,000,000 in one or two years with a dam good mentor, I believe its possible, if I had had a decent mentor I would have cut so much crap out along the way its unreal. If a newbie did reach that goal why do you suspect they would automatically set their sights on 10-100 million in an unrealistic amount of time? That is not the trait of a newbie, that is the trait of an idiot. I was not born yesterday, it was apparent it was coming the moment he showed him self as desperate enough to prove his success he offered his adress online to complete strangers, at which point I told him not to. How all this relates to your accusation that I am a fraud with no skin in the game because I simply mocked someone who is adamant TA does not exist on a day I get a good bag using nothing but the most basic elementary TA there is.. I do not know.