Gold, Oil & Indices (Equity & Bond Indices)

Yeah and now look at gold, gunners out of the money already, picking a top prematurely and presumably his stop at high 1650's. Talk about vague parameters.

Awaiting some degree of reversal confirmation almost always pays off unless you have a mighty powerful cluster of several S&R's. Trend lines alone cannot be relied upon anymore than stochastics, MA's or lagging indicators. Even powerful clusters cannot be relied upon so we still need a degree of confirmation to enter against the trend with very tight initial stops. I seldom have wider than $10 initial stop for gold.

This especially applies with gold entering new territory making new all time highs where we have no volume history at these levels for long positions.

You have to take control of yourself before you can expect to become a trader. That is lesson #1. Its all about disciplines.

@Dave - lol aggressive...u don't know the meaning of it...all I can say is calm down oldboy dont want u getting a heart attack on my account. I don't give out trading calls as that is for u and your minion ignore. I clearly stated 1640s and 1650s are resistance in GC...as a trader upto u when you want to take the short. If you had 2 brain cells to rub together you would have seen what I wrote and shorted when GC was popping to 1630, for a tidy earner

Gunjack, don't start getting aggressive. Gold went nowhere near your lower perceived resistance at 1640, let alone your upper resistance of 1650's so what you talkin about man? $10 in gold is very signif tolerance, $20/$30 more so, might as well throw darts at your charts with thoses sorts of tolerances. If you are going to post what sound like claims for retrospective trade calls in gold and silver then I shall continue to feel free to ask you for answers to support your calls.

@Dave sorry if your poor attempt to criticise me failed lol!!