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Commodity Trading Discussion Forum
Gold *PIC*
Posted By: charleydan
Date: Tuesday, 30 June 2009, at 10:15 p.m.
The .618 @ 961 is still valid.
Broke the lower channel or where -c- waves end. I think still valid. Want to again buy this market. This should bring on a nice impulsive wave pattern to target with a larger -C- wave.
I also put on the chart--baffled---that is a new wave pattern for me. Not sure what to make of it. In time the market will make it quite clear and then I want to committ it to memory and fine tooth comb counting the waves within it. To understand the pattern clearly.
One reason I do not use many different chart sizes. Is that I want to committ to memory what I see. To do that--for me--it is best not to see all sorts of charts. When seeing all sorts of charts my memory starts recalling them and mixing them up. Because our memory has only so much capacity.
When I was a teen ager I threw the paper. I found that at 900 houses was my max. to remember where and when to throw. After that--I started making mistakes.
In trading one has to decide how much they can put in the puter brain. It does not pay to have a low capacity memory and use a high capacity system. Or low capacity system and high capacity memory.
In the one circumstance you short change yourself and do not use your full potential. The other you will create frustration and lose.
If you want to print this message, you might have better results, and waste less paper if you print this printer friendly page.
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