Let me clarify some things. First, I am not his biggest fan(not even a fan now). Second, I am not waiting for a massive market crash in 2012 anxiously although I am waiting. I admitted for one second once I thought he was one of the top traders. But after tracking his thread as the times goes, I find he is just swaying grass in the corner. When he made a call, if he was wrong, then he just made the opposite call in another time frame. It's like he is calling both buying and selling at the same time and he is calling wherever the wind blows, which makes him right and his calls flawless always.
Gold and Silver daily and weekly charts are bearish and as mentioned previously, significant downside expected with equities during 2012.
Daily Market Analysis RQ Cross Box -Quant Report The Quant Report delivers vital quantitative analysis by combining extensive fundamental, technical and statistical analysis of historical data and anticipated future trends across most asset classes. Each market class is carefully evaluated from multiple vantage points in order to assess its attractiveness and future prospects eMini S&P (ES) GnosLEVELS: R2: 1273.75 R1b: 1262.50 R1: 1260.50 âââââââââ- Bull Break: 1253.25 Bear Break: 1251.00 âââââââââ- S1: 1241.00 S1b: 1239.00 S2: 1230.75 Quant Ranking: 4
There you go writing the stupidly obvious once again. Yes, gold is down for the day, and the week, and the month. In fact, it hit a low not seen since last July.
Hey Grand, I'm really curious as to what your P/L is for 2011. It's hard to track because you don't post your position sizes in your blog, just the trade...stating this might quell the nay-sayers.
USDX selling detected yet again which supports stocks. Maybe we will get that SP500 bullish spike. deltastrike, Sounds like you're not familiar with FX. Pips is what is usually used and that's what I post (once you do some very basic maths)
Yes, I'm aware of that. I'm talking in terms of percentage or dollars overall as position size is a significant variable in P/L for any position taken. Sure, you're long trade may have gained 50 pips, but what size lots are your trading? And I believe my question was more targeted to your overall P/L for 2011.