Gold

[AtW]

sasguru will post and post until he's had the last word so we'll see how long we can be ar$ed to indulge him.

He may get the last word, but I'll have the last laugh.

[Churchill]

He may get the last word, but I'll have the last laugh.

Yep, I'm sure you will, even though you never will understand the joke...

[Jog On]

He has no strategy, he merely tries to exploit tactical moments in the market.

HTH

I'm learning a lot from the experts today though, got some books to read and everything

[Churchill]

I'm learning a lot from the experts today though, got some books to read and everything

It's all explained by the Greeks...

Master those and work out how the big boys have implemented them and then you might just make it big

[TimberWolf]

Looks like the great gold crash is off.

If the recent drop in gold wasn't enough to scare people, maybe it's not going to drop far.

[Jog On]

Looks like the great gold crash is off.

If the recent drop in gold wasn't enough to scare people, maybe it's not going to drop far.

It's looking interesting, 1730 is quite a key level, previous support and a fib retracement, silver is up as well.

This could be it but I'll wait for more confirmation...

[Jog On]

It's all explained by the Greeks...

Master those and work out how the big boys have implemented them and then you might just make it big

A bit like price action at support/resistance - figure out what the big money's doing then ride it's coat tails

[Churchill]

A bit like price action at support/resistance - figure out what the big money's doing then ride it's coat tails

You might think that...

[sasguru]

You don't know what his strategy is so how can you make such a ridiculous wager?

He uses a strategy called "Technical Analysis". This relies on the idea that the stock market is not random and that patterns can be observed in the short term.
However most serious players believe that any anomalies (deviations from randomness) are fleeting and can only be exploited by hedge funds using large volumes of money and automated algorithmic trading. Under this belief any individuals using Technical Analysis will not make money because any trends they notice will be balanced by those they don't. Add in the small volumes and transaction costs and most individual short-term traders will lose over the long run.
Of course most humans are not rational and psychologically can persuade themselves of anything they wish.

The theory is easily tested. Any earnings minus any expenses. I'm willing to wager Jog On does not make a living doing this. And I'm also willing to wager that no individual day trader is succesful over the long run.

[Churchill]

He uses a strategy called "Technical Analysis". This relies on the idea that the stock market is not random and that patterns can be observed in the short term.
However most serious players believe that any anomalies (deviations from randomness) are fleeting and can only be exploited by hedge funds using large volumes of money and automated algorithmic trading. Under this belief any individuals using Technical Analysis will not make money because any trends they notice will be balanced by those they don't. Add in the small volumes and transaction costs and most individual short-term traders will lose over the long run.
Of course most humans are not rational and psychologically can persuade themselves of anything they wish.

The theory is easily tested. Any earnings minus any expenses. I'm willing to wager Jog On does not make a living doing this. And I'm also willing to wager that no individual day trader is succesful over the long run.

Define "long run" because I've a feeling you may lose that one.