Gold Catching Down with Euro

@Cool: Well, I am very much still on a learning curve. My results have improved dramatically since paying closer heed to Ashraf, and also I guess thanks to having a bit more experience, but I admit to taking too much risk sometimes (with the obvious risk of blowing up spectacularly!). Every so often I have to consciously make an effort to hold back, take it easy, not overtrade, not over-margin...it's possible to be dead right about the market and still fail through lack of proper money-management.
I've only been consistently successful for a matter of months, and I have a worry that when conditions in the market change (as they always do), I might stop being successful, so I have to watch it.
You are probably not far wrong with your 3-5 years estimate actually. If you can be consistently successful over a matter of years that says a lot more than being successful for a few months.

@Cool: Not a forum, but Kris Matthews site, thegestaltshift.com is interesting. His "thing" is "global macro". It is also a kind of fundamentals approach, not quite the same as Ashraf's, but interesting.
I think that anything that helps you learn how all the markets work and fit together should help.
When I first started (just over 2 years ago), I listened to those who said that everything you need to know about the market is in the price, and therefore you can trade using only TA and Price Action.
This may work for some, but it didn't work for me. It was only when I started trying to learn more about the fundamentals of the markets that I started getting somewhere. I'm not saying that TA and PA don't have their place ... Ashraf clearly makes use of them, but always in the context of the wider market, that's the key I think.



"Reccomend" is maybe too strong a word, but for forums, just to mention Forex Factory and Trade2Win.
There are others, but those are the ones I know best.

@Cool: personally I would probably close when the momentum seems to have run out, then look for a rebound for a possible re-entry. Of course, one day the bull market in gold will presumably resume, and the tricky thing is not to be caught with our shorts down (as it were) when that happens. I don't think it will be for a while though.

Mr Laidi,
I know you in Beijing CMC, since that meeting I stay focus on your website, I found your articles have much quantitive method, can you tell me that which books or materials can teach us using these method systematic.

Ashraf is actually calling for gold in the 970 region. how many of you will close shorts at 1078 or allow it to ride?