Recent content by DaveTrade

Everyone posting on this forum is sharing information including @Captain_Chaza , and the information read by others is their food for thought. Everyone posting is helping everyone else on the forum.

I've heard talk that the US inflation story may not be over and they will be forced to keep printing money which will drive the US$ down further. If this happens the Gold price will be forced up from the declining US dollar making the aus$-us$ chart an important one for us here in Australia to...

@Skate I'm also eager to hear from others but in the meantime I'll try to answer your question. I think that a trader needs to have a methodology that they fully understand and one that harmonizes with their personality, they then need to build a complete system around that methodology and have...

@Skate this is such a good question, thanks for asking it. A lot of members could put their answers to this question but the first person to hear from is the person that it was directed to, @ducati916 .

Hi @InsvestoBoy , you are not the only person that puts up charts of gold in Aus$. Quite a few people do this and I finally decided to post my thinking about this way of looking at the gold market. I don't think that this is a valid chart to do technical analysis on because gold is priced in...

“What you get by achieving your goals is not as important as what you become by achieving your goals.” Wolfgang Goethe

The big picture on GLD is UP and then SIDEWAYS. Zooming in on the current sideways zone, I'm showing some support and resistance areas within the most recent price action. I'm looking to see which way the market will break out of this sideways zone and then make the next big move. From the...

Go Time for Gold Stocks By Imre Gams, analyst, Market Minute Gold stocks are about to explode higher. The price chart looks amazing. The fundamentals are all lining up. Today I’ll explain why this is one trade you should be really excited for… For most of the year, gold stocks have been...

I like the idea of a trading plan being like a spider's web that is set up to capture some of the money from the markets as it drifts past the web.

I use price charts and chart indicators to understand what a market is doing, and what is changing and the way it is changing. The price chart is the market in action.

Yes Yes

Markets Brace for CPI Tomorrow Stocks traded flat today, shaking off the initial concerns following Moody’s decision to downgrade the U.S. credit rating outlook from stable to negative. The Dow gained 91 points, an increase of 0.27%. Meanwhile, the S&P hovered around break-even while the...

Sideways is good.

With the safety of new traders in mind, in my opinion this approach would only work in a trending market. If the market was not trending your win/loss ratio could skew sharply towards the loss side and therefore causing your account balance to decline.

I feel like I shouldn't have made my last post as it only tells a small part of the story. The thing that makes trading so hard is the number of parts that may make up your personal form of trading and the weighting you give to each part. The time that you want to stay in the trade is one part...