Comments for TradeForGain.com http://www.tradeforgain.com let's discuss important aspects of trading such as discipline, money management, psychology, setups, etc. Thu, 24 Jul 2008 04:45:13 +0000 http://wordpress.org/?v=2.5.1 Comment on Markets Review - July 22, 2008 by peter d http://www.tradeforgain.com/market-analysis/markets-review-july-22-2008/#comment-11330 peter d Wed, 23 Jul 2008 14:56:08 +0000 http://www.tradeforgain.com/market-analysis/markets-review-july-22-2008/#comment-11330 Hi Bsharp, I'm glad that your analysis is correlating with my own research. The US market charts are showing a "dead cat bounce" in effect. The long term strategy of being long gold , short the dollar is still fundamentaly correct. I see today Wachovia and the market is rallying, I'll be looking for a short on some of the US banks once a mini top is in place. Its expected that at least 100's of US banks will fail, possibley 1000's. More info see: http://www.theinternationalforecaster.com/ (fundamental advice very accurate investing history) http://www.stocktiming.com/Wednesday-DailyMarketUpdate.htm (T.A advice from highly respected analyst) The SEC is now investigating those who 'down talk' the market, this just shows how sensitive the market is to a collapse, and how mainstream wall street brokers and media outlets shouldnt be trsuted for independant market advice. http://www.forbes.com/2008/07/13/sec-probe-rumors-biz-wallstreet-cx_lm_0713bizsec.html Hi Bsharp, I’m glad that your analysis is correlating with my own research.

The US market charts are showing a “dead cat bounce” in effect. The long term strategy of being long gold , short the dollar is still fundamentaly correct.

I see today Wachovia and the market is rallying, I’ll be looking for a short on some of the US banks once a mini top is in place. Its expected that at least 100’s of US banks will fail, possibley 1000’s. More info see:
http://www.theinternationalforecaster.com/
(fundamental advice very accurate investing history)

http://www.stocktiming.com/Wednesday-DailyMarketUpdate.htm (T.A advice from highly respected analyst)

The SEC is now investigating those who ‘down talk’ the market, this just shows how sensitive the market is to a collapse, and how mainstream wall street brokers and media outlets shouldnt be trsuted for independant market advice.
http://www.forbes.com/2008/07/13/sec-probe-rumors-biz-wallstreet-cx_lm_0713bizsec.html

]]> Comment on Responding to a reader’s e-mail by lionel http://www.tradeforgain.com/trades/responding-to-a-readers-e-mail/#comment-11328 lionel Wed, 23 Jul 2008 03:02:33 +0000 http://www.tradeforgain.com/trades/responding-to-a-readers-e-mail/#comment-11328 Chill dude. There're just too many people out there who are like that. Just ignore them. I do learn a couple of stuff reading your blogs every now and then, and I believe that's what matters most. Keep posting. :) Chill dude.
There’re just too many people out there who are like that.
Just ignore them.

I do learn a couple of stuff reading your blogs every now and then, and I believe that’s what matters most.

Keep posting.

:)

]]> Comment on Reasons I believe Gold will continue climbing by Sharp2Be http://www.tradeforgain.com/market-analysis/reasons-i-believe-gold-will-continue-climbing/#comment-11325 Sharp2Be Tue, 22 Jul 2008 11:15:39 +0000 http://www.tradeforgain.com/market-analysis/reasons-i-believe-gold-will-continue-climbing/#comment-11325 Mathias - You are correct about my reasons being long term, however, I see this trade as a short term, looking to sell when (if) gold reaches $1,000-$1,100... perhaps I will decided to sell 1/2 at that point and keep the remainder at break-even... charts will tell. Regards. Mathias - You are correct about my reasons being long term, however, I see this trade as a short term, looking to sell when (if) gold reaches $1,000-$1,100… perhaps I will decided to sell 1/2 at that point and keep the remainder at break-even… charts will tell. Regards.

]]> Comment on Reasons I believe Gold will continue climbing by peter d http://www.tradeforgain.com/market-analysis/reasons-i-believe-gold-will-continue-climbing/#comment-11323 peter d Mon, 21 Jul 2008 13:04:13 +0000 http://www.tradeforgain.com/market-analysis/reasons-i-believe-gold-will-continue-climbing/#comment-11323 Hi, it woudl be great to see some T.A. of silver and gold here, personaly I find these isntrments difficult to analyze. This could be in part due to the deliberate selling of Gold by the central banks around the world. GATA is the grass roots organization who are tryign to prevent this intentional pushing down of Gold prices. Excellent article that really goes to the crux of the issue. Did you find the Money Masters videos ok? Kind regards Peter. Hi,
it woudl be great to see some T.A. of silver and gold here, personaly I find these isntrments difficult to analyze. This could be in part due to the deliberate selling of Gold by the central banks around the world. GATA is the grass roots organization who are tryign to prevent this intentional pushing down of Gold prices.

Excellent article that really goes to the crux of the issue. Did you find the Money Masters videos ok?

Kind regards
Peter.

]]> Comment on Reasons I believe Gold will continue climbing by Matthias http://www.tradeforgain.com/market-analysis/reasons-i-believe-gold-will-continue-climbing/#comment-11322 Matthias Sun, 20 Jul 2008 22:03:59 +0000 http://www.tradeforgain.com/market-analysis/reasons-i-believe-gold-will-continue-climbing/#comment-11322 A very good analysis again! You have shown many facts which are pro gold rising. But don´t forget that you can´t see into the future, furthermore the facts are useful for midterm trader or investors, but are they for shortterm-trading? Especially the one with the extraction of gold. The probability is high that the gold price will rising, but it doesn´t promise that it will do so. From March to June the price has dropping und has broken a stronger trendline, but why? I don´t know, there you had the same facts why gold should be rising. And I don´t think that you want to be longer then a month into gold. The goldchart looks like a wonderful saucer formation, but if I already told, nobody knows what will be tomorrow, you can only trade insecure probabilities ;-) So be wakefully if the goldmarket will not do what you want! Good luck to you! Matthias from Dresden, Germany A very good analysis again!
You have shown many facts which are pro gold rising.
But don´t forget that you can´t see into the future,
furthermore the facts are useful for midterm trader or investors, but are they for shortterm-trading?
Especially the one with the extraction of gold.
The probability is high that the gold price will rising, but it doesn´t promise that it will do so.
From March to June the price has dropping und has broken a stronger trendline, but why? I don´t know, there you had the same facts why gold should be rising.
And I don´t think that you want to be longer then a month into gold.
The goldchart looks like a wonderful saucer formation, but if I already told, nobody knows what will be tomorrow, you can only trade insecure probabilities ;-)
So be wakefully if the goldmarket will not do what you want!
Good luck to you!
Matthias from Dresden, Germany

]]> Comment on Reasons I believe Gold will continue climbing by Reasons I believe Gold will continue climbing http://www.tradeforgain.com/market-analysis/reasons-i-believe-gold-will-continue-climbing/#comment-11320 Reasons I believe Gold will continue climbing Sat, 19 Jul 2008 15:25:17 +0000 http://www.tradeforgain.com/market-analysis/reasons-i-believe-gold-will-continue-climbing/#comment-11320 [...] Go to the author’s original blog: Reasons I believe Gold will continue climbing [...] [...] Go to the author’s original blog: Reasons I believe Gold will continue climbing [...]

]]> Comment on Adding more Goldcorp (G.TO) at $45.38 by Matthias http://www.tradeforgain.com/trades/adding-more-goldcorp-gto-at-4538/#comment-11313 Matthias Fri, 18 Jul 2008 09:31:04 +0000 http://www.tradeforgain.com/trades/adding-more-goldcorp-gto-at-4538/#comment-11313 Don´t be silly! I think you are really excited about your last losses, so stand by your strategy and do not risk to much. This is my advise. It looks like you spend all of your money on gold. Besides I really like your site, it is interesting and has a very good layout! Matthias from Dresden, Germany Don´t be silly!
I think you are really excited about your last losses, so stand by your strategy and do not risk to much.
This is my advise.
It looks like you spend all of your money on gold.
Besides I really like your site, it is interesting and has a very good layout!
Matthias from Dresden, Germany

]]> Comment on Closing All my positions – Buying Gold! by peter d http://www.tradeforgain.com/trades/closing-most-of-my-positions-buying-more-goldcorp/#comment-11312 peter d Thu, 17 Jul 2008 18:44:35 +0000 http://www.tradeforgain.com/trades/closing-most-of-my-positions-buying-more-goldcorp/#comment-11312 With pleasure ... (edit this post as you see fit). Direct free download; http://nw0.info/?p=Documentaries/Money%20Masters%20-%20How%20Int.%20Bankers%20Control%20America/ http://nw0.info/?p=Documentaries/Monopoly%20Men/ Maybe you'll like this one too; http://nw0.info/?p=Documentaries/Naomi%20Klein%20-%20A%20Canadian%20Perspective%20on%20US%20Media/ OR google video; http://video.google.com.au/videoplay?docid=-515319560256183936&q=Money+Masters&ei=CJJ_SIy2J6G-qgOCsaicBQ With pleasure … (edit this post as you see fit).

Direct free download;
http://nw0.info/?p=Documentaries/Money%20Masters%20-%20How%20Int.%20Bankers%20Control%20America/

http://nw0.info/?p=Documentaries/Monopoly%20Men/

Maybe you’ll like this one too;
http://nw0.info/?p=Documentaries/Naomi%20Klein%20-%20A%20Canadian%20Perspective%20on%20US%20Media/

OR google video;
http://video.google.com.au/videoplay?docid=-515319560256183936&q=Money+Masters&ei=CJJ_SIy2J6G-qgOCsaicBQ

]]> Comment on Closing All my positions – Buying Gold! by Sharp2Be http://www.tradeforgain.com/trades/closing-most-of-my-positions-buying-more-goldcorp/#comment-11311 Sharp2Be Wed, 16 Jul 2008 22:40:28 +0000 http://www.tradeforgain.com/trades/closing-most-of-my-positions-buying-more-goldcorp/#comment-11311 William - thanks! My plan is to be on gold for some time ... maybe $1,200. Could be very volatile. Peter - please post the MMasters documentary here. Thank you! William - thanks! My plan is to be on gold for some time … maybe $1,200. Could be very volatile.

Peter - please post the MMasters documentary here. Thank you!

]]> Comment on Closing All my positions – Buying Gold! by peter d http://www.tradeforgain.com/trades/closing-most-of-my-positions-buying-more-goldcorp/#comment-11310 peter d Wed, 16 Jul 2008 18:21:02 +0000 http://www.tradeforgain.com/trades/closing-most-of-my-positions-buying-more-goldcorp/#comment-11310 Hi there, I was very excited to see the headline on this page! Silver is also a sleeping giant, in times of uncertainty, money will flow into things of intrisic value. I'll be watching your trades closely and following them as it suits my plan. Thanks for the very informative TA lessons. Could I recommend a really interesting documentary the Money Masters. Its on google video for free and other places. its a few years old but the material is quite relevant to today and explores indepth the octopus that is the FED amonst other things, and where the US economy is heading. Hi there,
I was very excited to see the headline on this page!

Silver is also a sleeping giant, in times of uncertainty, money will flow into things of intrisic value. I’ll be watching your trades closely and following them as it suits my plan. Thanks for the very informative TA lessons.

Could I recommend a really interesting documentary the Money Masters. Its on google video for free and other places. its a few years old but the material is quite relevant to today and explores indepth the octopus that is the FED amonst other things, and where the US economy is heading.

]]> Comment on Closing All my positions – Buying Gold! by William http://www.tradeforgain.com/trades/closing-most-of-my-positions-buying-more-goldcorp/#comment-11308 William Thu, 10 Jul 2008 15:07:28 +0000 http://www.tradeforgain.com/trades/closing-most-of-my-positions-buying-more-goldcorp/#comment-11308 Delighted to see that your gold trade is going well after the recent setbacks. Good trading to you! Delighted to see that your gold trade is going well after the recent setbacks.

Good trading to you!

]]> Comment on Playing with CandleVolume charts — Amazing. by robert dorfman http://www.tradeforgain.com/lessons/playing-with-candlevolume-charts-amazing/#comment-11299 robert dorfman Tue, 24 Jun 2008 07:49:45 +0000 http://www.tradeforgain.com/lessons/playing-with-candlevolume-charts-amazing/#comment-11299 good stuff good stuff

]]> Comment on Interactive Brokers (IBKR) - Looking Poised to Continue Upwards by Sharp2Be http://www.tradeforgain.com/trades/interactive-brokers-ibkr-looking-poised-to-continue-upwards/#comment-11287 Sharp2Be Wed, 11 Jun 2008 18:45:42 +0000 http://www.tradeforgain.com/trades/interactive-brokers-ibkr-looking-poised-to-continue-upwards/#comment-11287 Pete - please read this: http://www.tradeforgain.com/trading-ideas/what-are-stocks-doing-lately-going-up-or-going-down/ Pete - please read this:
http://www.tradeforgain.com/trading-ideas/what-are-stocks-doing-lately-going-up-or-going-down/

]]> Comment on Back into Gold - Bought GoldCorp (G.TO) by Is the Gold trend resuming? | TradeForGain.com http://www.tradeforgain.com/trades/back-into-gold-bought-goldcorp-gto/#comment-11278 Is the Gold trend resuming? | TradeForGain.com Mon, 09 Jun 2008 15:02:57 +0000 http://www.tradeforgain.com/trades/back-into-gold-bought-goldcorp-gto/#comment-11278 [...] Godlcorp (G) is breaking to the upside today after a long consolidation. My position is up 6.4% since my entry here. [...] [...] Godlcorp (G) is breaking to the upside today after a long consolidation. My position is up 6.4% since my entry here. [...]

]]> Comment on Interactive Brokers (IBKR) - Looking Poised to Continue Upwards by peter d http://www.tradeforgain.com/trades/interactive-brokers-ibkr-looking-poised-to-continue-upwards/#comment-11276 peter d Mon, 09 Jun 2008 05:08:35 +0000 http://www.tradeforgain.com/trades/interactive-brokers-ibkr-looking-poised-to-continue-upwards/#comment-11276 Hi, just as a suggestion, it'd be great to see some more Short stock pick suggestions. Given the current climate and recent down bars on the S&P, hikes in oil prices... a massive decline in share prices is not unreasonable according to some analysts. Thanks for the site and all the suggestions, very helpful site. Pete in Oz. Hi, just as a suggestion, it’d be great to see some more Short stock pick suggestions. Given the current climate and recent down bars on the S&P, hikes in oil prices… a massive decline in share prices is not unreasonable according to some analysts.

Thanks for the site and all the suggestions, very helpful site.

Pete in Oz.

]]> Comment on My most reliable Technical Analysis Indicator: Supply and Demand by Freewilly http://www.tradeforgain.com/lessons/my-most-reliable-technical-analysis-indicator-price-action/#comment-11274 Freewilly Sun, 08 Jun 2008 03:04:58 +0000 http://www.tradeforgain.com/lessons/my-most-reliable-technical-analysis-indicator-price-action/#comment-11274 Interesting idea, but I got some questions. For instance, the first chart on this email WMT, at point 3 on you chart, how do you know is not "refuse to go up, so just short it"? I mean, the question really is how do you know whether it is a true failed breakout (or reversal as some people call it) or just a temporary pull back? I will appreciate it of you can send your reply by email. Best, freewilly Interesting idea, but I got some questions.

For instance, the first chart on this email WMT, at point 3 on you chart, how do you know is not “refuse to go up, so just short it”?

I mean, the question really is how do you know whether it is a true failed breakout (or reversal as some people call it) or just a temporary pull back?

I will appreciate it of you can send your reply by email.

Best,

freewilly

]]> Comment on Sharp System 1-Trading Summary for 06/02/2008 by Sharp2Be http://www.tradeforgain.com/trades/sharp-system-1-trading-summary-for-06022008/#comment-11267 Sharp2Be Thu, 05 Jun 2008 14:10:08 +0000 http://www.tradeforgain.com/trades/sharp-system-1-trading-summary-for-06022008/#comment-11267 Ahsan, please refer to this post: http://www.tradeforgain.com/lessons/want-to-learn-more-about-technical-analysis-here-is-a-good-starting-point/ Ahsan, please refer to this post:
http://www.tradeforgain.com/lessons/want-to-learn-more-about-technical-analysis-here-is-a-good-starting-point/

]]> Comment on Bought Interactive Brokers (IBKR) by Interactive Brokers (IBKR) - Looking Poised to Continue Upwards | TradeForGain.com http://www.tradeforgain.com/trades/bought-interactive-brokers-ibkr-3/#comment-11266 Interactive Brokers (IBKR) - Looking Poised to Continue Upwards | TradeForGain.com Thu, 05 Jun 2008 13:46:24 +0000 http://www.tradeforgain.com/trades/bought-interactive-brokers-ibkr-3/#comment-11266 [...] is up x since my entry on April 8th. The stock is up 9% since my entry and today is moving [...] [...] is up x since my entry on April 8th. The stock is up 9% since my entry and today is moving [...]

]]> Comment on Sharp System 1-Trading Summary for 06/02/2008 by Ahsan http://www.tradeforgain.com/trades/sharp-system-1-trading-summary-for-06022008/#comment-11256 Ahsan Wed, 04 Jun 2008 15:21:47 +0000 http://www.tradeforgain.com/trades/sharp-system-1-trading-summary-for-06022008/#comment-11256 Hello, Your postings are interesting; thanks for your posting!! I am new in this business and I would like to learn 'Technical Analysis'. Would you please tell me what is the best way to learn TA or if you know any good books on this subject would you please mail me the name and author. Thanks a lot!! Hello,
Your postings are interesting; thanks for your posting!! I am new in this business and I would like to learn ‘Technical Analysis’. Would you please tell me what is the best way to learn TA or if you know any good books on this subject would you please mail me the name and author. Thanks a lot!!

]]> Comment on Trading Summary for the Week of 05/16/2008 by peter http://www.tradeforgain.com/trades/trading-summary-for-the-week-of-05162008/#comment-11208 peter Mon, 19 May 2008 17:33:52 +0000 http://www.tradeforgain.com/trades/trading-summary-for-the-week-of-05162008/#comment-11208 Thanks for the tips. A close STOP is in place protecting profits (original buy and pyrammid buy) at 35.74 I pyrammided my position last week at 35.99. Original buy 29.70, I liked your ideas, and the base formation. That line you drew I'm looking at as support and the recent key formation has respected the line and shot up some more, so not all the bulls have fled the pen as yet :) Thanks for the tips. A close STOP is in place protecting profits (original buy and pyrammid buy) at 35.74

I pyrammided my position last week at 35.99.
Original buy 29.70, I liked your ideas, and the base formation.

That line you drew I’m looking at as support and the recent key formation has respected the line and shot up some more, so not all the bulls have fled the pen as yet :)

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