Originally Posted by
RD'S Alias - 1A
It's not a Sales strategy, it's a Trading strategy.
It's kind of hard to explain. First I'd have to teach the system I use, and that would start with teaching what all the indicators are that I use, and what they mean under various market conditions (which would be quite time consuming)and then I'd have to start teaching how they are used in combination with eachother to trigger buy and sell points. That would be very difficult in this venue, especially since I actually use several over lapping methods together to improve accuracy and function as checks and balances to eachother.
I could write an entire chapter on each segment of my system, and probably quite a large book on the whole system. It would be really hard and probably quite impossible to do it in a single, or even multiple post format. There is just too much underlying foundational understanding that one would need to have in order to get it in a quick post. Most don't have that foundation.
Now, *IF* you know how to trade technically based on Fibonacci retracement levels, & *If* you understand the use of support and resistance levels generated by a variety of methods, *If* you know what trend lines are and how to use them, and *If* you know all the major Technical patterns like Double tops & Bottoms, Head & Shoulders formations, 1-2-3 patterns, Chanells (sideways as well as ascending and descending) Bull & Bear flags, Pennants, Triangles (and the differences and why), and *If* you know what a Bollinger Band is as well as what the 4,9, & 18 Bar moving averages are (an how they are used); and you understand how charts are broken down into weekly, Daily, and intra day charts from the 60 min to the 30 &15 min, AND you have a basic understanding of Futures & Commodity contracts, then I can explain by saying:
"Gold just cleared congestion and is making a formation between the 9 Bar moving average and the upper Bolinger band on the Daily chart that is very Bullish. In addition, the charts daily bar close in a "Sprung" position (Meaning heavy upward potential)."
As for figuring a top to this market, we really need to talk to the Elliot wave guys. I think they are the only ones with a true clue, and I don't specialize in that method. Mine is more geared for short term hops.
I have seen some Elliot wave theorists say Gold is on it's way to 1600 or more though, so there is still plenty of room....it all really depends on how strong the economy is, and how high oil prices have to go to really crumble it. Right now there is no end in site.
if the economy is stronger than I think it is Gold will probably follow the Elliot wave predictions, if not then we are in for a wild ride and Gold may not have a foreseeable top side.