The Saudi market was closed on Thursday and Friday so perhaps it was just catching up? As for the effect it will have I'm not sure, I think the large investors that move the markets are far smarter than the media and politicians and these investors ...

S&P Downgrades U.S. Debt Rating

Exactly, the USA is nothing like Greece and this downgrade need not have happened at all. It's also fixable too if there is the political will to do so.

S&P Downgrades U.S. Debt Rating

Seriously? Well, just wait and see what that lot do to the country...

S&P Downgrades U.S. Debt Rating

That was my thoughts too... I was shocked when I saw that lot effectively take their own country hostage with their threat to set off an economic nuke if their president insisted on taxing, or closing taxation loop holes designed to help the rich. I ...

S&P Downgrades U.S. Debt Rating

So did you get into gold at a good price then? If so well done I think we might see QE2 in the UK soon...

Trading Gold - An End of Day System

I trade CFDs except when I'm trading currencies, individual shares, stock market indices or commodities I trade using CFDs. CFDs are really good, you get all the benefits with owning shares using CFDs including dividends. You can't day trade shares ...

Does anyone here trade CFD's?

Gold is up again, made a new high at around $1600 I believe. Well done to all those who bought gold less than a month ago at around $1500, but there is another month or so left to go until that position can be closed according to the system. The ...

Trading Gold - An End of Day System

Gold today is 1541.60, up 41.10 points since the buy signal. Lets see where it is in 40 days of the buy signal though...

Trading Gold - An End of Day System

The economy is fake. Think about what's happening in the real world. A depression happens and there is wide spread poverty as a result. Did people suddenly become lazy and unwilling to work? Is there less oil in the ground as a result of the crash? ...

Crash of 1929 vs. Today

Yes, that's right. Gold made a high of 1556.70 in early May, so the trend is up. And on Friday it closed at a new 10 day closing price low of 1500.50. So, according to the system, 1500.50 is a good buying opportunity if you can get that price or ...

Trading Gold - An End of Day System

Free4ever-sk, I don’t use hard stops and would just advise waiting for 40 days even if the trade goes against you. The trick is not to use to much leverage, I aim to keep my leverage below 3:1 but sometimes admittedly it goes go higher, especially ...

Trading Gold - An End of Day System

Can someone actually explain the rules of this trading strategy or is it confidential? I have heard about it before but find it hard to believe it could be as good as seems to be being claimed.

a few questions about London close strategy

A Donchian channel that uses the closing price rather than the highs and lows. Long term too, daily candle sticks with channels of many weeks. Donchian channels work well on markets that trend well and work really badly on markets that are driven ...

Trading breakout and avoiding 'fakeouts'

If you wait for a retrace it might not happen, during a strong trend the market might just keep on going and not retrace back to under the breakout. My tests suggest that waiting for a retrace is a bad idea on currency pairs that trend well, well at ...

Trading breakout and avoiding 'fakeouts'

You're welcome. Here is a test I once did - If Today's_Close > Past_Closing_Price AND Tomorrow's_Close > Today's_Close THEN record the number of pips between today's and tomorrow's closing price as a positive movement. If Today's_Close > ...

How do you filter out bad trades?

Simple method for medium to long term trading systems, filter out trading against the trend. How to do this? Compare the price the market opened at 100 days ago to the price today. This works better than moving averages.

How do you filter out bad trades?

In the whole world? Not sure, but I'd bet there is more debt owed than there is money in existance to pay it. And there will be even more money (and more debt) in circulation next year too... New money is created when someone signs a loan document ...

How much money is there in the whole world?