Gold

[AtW]

And what would that charity be called?

"Save MarillionFan from gambling".

[Jog On]

It would make me happy if you repented your sins and stopped this dirty spekulation activities with all profits donated to me.

You definitely belong in the religion business - you're wasted on SKA.

Bought the breakout of 1790/1800. Looks like we're off to the races. Bought silver as well

[sasguru]

Not showing off - just want people to see how easy this can be and how those dildos in the city and some on this forum can keep naysaying as much as they want while others will just get on and make money.

If its that easy why aren't you rich yet?
You know you really are spectacularly stupid

[Jog On]

If its that easy why aren't you rich yet?
You know you really are spectacularly stupid

I'm only starting to build up my account. I've been thinking of doing something about the stupid thing for a while now.. got any ideas?

[sasguru]

I'm only starting to build up my account. ?

How long does that take? You said its easy. Surely lots of easy wins should add up to a big one?
You and SantaClaus have been doing this for years and you still haven't built your account?
Just being logical and wondering why your claims of easy money haven't led to wealth yet.
But perhaps I'm the stupid one, eh?

[shaunbhoy]

But perhaps I'm the stupid one, eh?

There is no "perhaps" about it mushbrain!!

[TimberWolf]

How long does that take? You said its easy. Surely lots of easy wins should add up to a big one?
You and SantaClaus have been doing this for years and you still haven't built your account?
Just being logical and wondering why your claims of easy money haven't led to wealth yet.
But perhaps I'm the stupid one, eh?

The other question is that if it was easy, or works even to a small degree, why everyone isn't at it.

[TimberWolf]

Looks like it's to the gold train for me, as it's higher now than what I sold out for.

[Jog On]

How long does that take? You said its easy. Surely lots of easy wins should add up to a big one?
You and SantaClaus have been doing this for years and you still haven't built your account?
Just being logical and wondering why your claims of easy money haven't led to wealth yet.
But perhaps I'm the stupid one, eh?

It takes as long as it takes, after a year of demoing, then another period of trading a small amount (to replicate the demo results with real money without risking anything significant) I'm starting to build my account now. How quickly it builds depends on how much I make contracting (to pump into the account) and how consistently I can make steady profits that compound over time risking only 2% of my equity on any single trade.

The other question is that if it was easy, or works even to a small degree, why everyone isn't at it.

Most people will not take the time and effort to learn how price action can be used to trade using technical analysis. There are so many different methods and everyone is different when it comes to what works for them. Some people trade news, some use pure fundamentals, some people use indicator based systems, elliot wave, harmonic sycles, trend following, arbitrage and many more.

My view (and this is just my opinion) is that there is no right or wrong way or definitive method that does or doesn't work. It's all down to what suits your own persnonality, time commitment and what you want out of it.

Fundamentals work for you? - F'ing great and good on you - glad you've got something that works!
5 minute sclaping work for you? - F'ing great and good on you - glad you've got something that works!
Long term trend following work for you? - F'ing great and good on you - glad you've got something that works!

Price action works for me, how I develop this method remains to be seen but I like the idea of adding fundamental analysis and combining the two. This is how some of the best traders trade, they develop an idea from fundamental analysis then use technical price action to optimise entry points and then manage the position once open. Is it possible to trade successfully using just one or the other? - Of course, whatever floats your boat. To quote Ed Seykota:

Systems don’t need to be changed. The trick is for a trader to develop a system with which he is compatible

and of course the old favourite Seykota quote:

"Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.

I think that if people look deeply enough into their trading patterns, they find that, on balance, including all their goals, they are really getting what they want, even though they may not understand it or want to admit it."

Some people find what works for them and work hard to make it a long term profitable business. Some people prefer to appear clever and be right and spend their time and effort spouting 'absolute truths' and bashing people over the head who don't see the world the same way as they do..

Looks like it's to the gold train for me, as it's higher now than what I sold out for.

This could be the run to $2k and beyond - I'm in and will add again at 1850, 1880 then see what happens at 1900. Stops in place and trailed to lock in profits of course

Can't see my stop in this chart because I moved it right down to accomodate weekend spread widening which my broker does. Also Monday is a bank holiday so low liquidity + high volatility + widened spread made me tuck it down at 1700. I'll stick it back to around 1780 when markets open tomorrow night then try to manually trail it at a safe distance below each 'bump in the road' (1800,1830,1850,1880 etc).

[sasguru]

"Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money."


Ah I see now. And there was silly old me thinking that making money would be the only point of it.
I'm beginning to understand it's some kind of mystical experience.
Do carry on.