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Re: [RT] Spot Gold



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Ira,
OK, thanks.
I will post what I found so others do have to spend the time.  You use the words "we" and "our", is this not your sole effort?
 
"Delta100 has developed its investment strategy to work on any time frame and on any market, including stocks, bonds, indices, mutual funds, commodity futures, and currencies.  Although we don?t believe there is a ?Holy Grail? to trading, our method has combined elements of past strategies into a system that puts the probabilities of profitable trades on our side.

The system uses multiple time frames in its analysis.  Although it is primarily based on price, it uses two indicators to confirm that the entry is not a false entry.  One of the indicators gives us insight into the buying and selling pressure being applied, and the other indicator is based upon time.  The indicators alone are not used as entry or exit tools, but rather as confirmation that an entry is valid or that an exit should be made at a specific price objective.

The system provides a specific entry price with three specific price objectives at which to exit.  Each of these price objectives will act as resistance/support and once penetrated that level will act as support/resistance.  Delta100 will also determine if, based on the indicators, profit should be taken at a particular price objective or the trade be allowed to run to its next price objective.  The system also provides a specific stop loss, which is given at the time of entry, and which should be placed in the market at the time of entry and adhered to. 

Because the system has been developed to be used on any time frame and any market, it is useful for both short-term traders as well as long term investors, including use in retirement plans.

As noted in our disclaimer, Delta100 does not guarantee results and past results are not necessarily indicative of future performance.  However, our research shows that our methods will produce a high percentage of winning trades.  With losses limited to our posted stop losses, winning trades will greatly outperform the losing ones."

----- Original Message -----
From: Ira
Sent: Saturday, May 17, 2008 1:28 AM
Subject: Re: [RT] Spot Gold

I know that you hate to go to web sites.  If you go to this one and look under pages I think it will answer most of your questions.  The site is free, so you don't have to worry about that.
----- Original Message -----
From: Don Ewers
Sent: Friday, May 16, 2008 3:58 PM
Subject: Re: [RT] Spot Gold

Thanks Ira. 
Does your system project trends or does it follow them with trading objectives that give clues as to trade it?  Is there a way to en-lighten without giving out what you don't care to/
Don Ewers
----- Original Message -----
From: Ira
Sent: Friday, May 16, 2008 10:52 AM
Subject: Re: [RT] Spot Gold

Here is a picture of the Dollar.  Price hit the target for the move up and is now retracing.  There is still downside pressure on price there should be some support at the first price objective for the move down at 72.81.  For price to restart a move higher it would have to go through 73.58 and then the first price objective for that move would be 74.34.
----- Original Message -----
From: Don Ewers
Sent: Friday, May 16, 2008 7:00 AM
Subject: Re: [RT] Spot Gold

Ira,
Would ypou be willing top post ypour thoughts on the Yen and Euro here (or USD)?
Don Ewers
 
----- Original Message -----
From: Don Ewers
Sent: Friday, May 16, 2008 5:55 AM
Subject: Re: [RT] Spot Gold

Ira,
Thanks,  I don't trade crude though and don't make a habit of visiting sites posted in that manner.  Had you posted it here, someone may have benefited from it?
 
Does anyone the reason for the $6 swing yesterday in crude?  Coupled with the thought that the SPR would not be filled until CL drops below $75, very interesting re-action by crude.
Don Ewers
 
----- Original Message -----
From: Ira
Sent: Friday, May 16, 2008 1:35 AM
Subject: Re: [RT] Spot Gold

One other thing Don.  If you went to the web site you would have seen my post on crude a couple of days ago.  That was on the 12th and it also stated that downside pressure should be there for the next couple of days.  Posted before the fact. 
 
----- Original Message -----
From: Ira
Sent: Thursday, May 15, 2008 10:58 PM
Subject: Re: [RT] Spot Gold

The percentage is not really that important.  Did it do what it was supposed to do?  Did the price objective act as resistance?  Yes.  Was the entry price for the retracement down hit? Yes.  did price move to the first price objective for the move down? Yes.  Is there still downside pressure on the daily chart?  Yes.  If the price goes to the target for the retracement down will the up move still be intact?  Yes.  According to the system that I use. Is there another support area prior to the target price?  Yes.  It is 117.50.  Are these prices exact? No. they are done with draw tools rather than with pure math.  Can you trade the retracement down as well as the up move?  Yes.  As long as you know that one move is acting inside the other move.  Do I feel that it is safe to be naked short the Crude future? No.  If long I would use put protection.  If I wanted to be short I would be long puts.  If I wanted to play the volatility I would be ratio back spread. 
 
Once again, Just one man's opinion.
----- Original Message -----
From: Don Ewers
Sent: Thursday, May 15, 2008 7:51 PM
Subject: Re: [RT] Spot Gold

Ira,
FYI  drop is well beyond 10%, high to low June futures more like a big 18% (1038.0 high 3/17/08 to 846.3 low 5/2/08)?
 
 
----- Original Message -----
From: Ira
Sent: Wednesday, May 14, 2008 1:32 PM
Subject: Re: [RT] Spot Gold

gold is nothing more than a translation for the buying power of the dollar.  If you really want to see where gold is going look at the dollar chart.  Everyone is looking for the demise of gold.  It is down a big 10%.  There is currently downside pressure being applied to gold and yet price hasn't been able to take out the previous low.  Price has hit the entry price for a move higher with a price objective of 920.  That move is in force until 845 is hit.  that is the only thing that will void that move higher.  The entry price for a down move has been hit so an exit from a long position would be called for.  If you want to get short us a put and control your risk. 
 
On the long term chart I have support at 834 and a target price for a down move at 773 and there is downside pressure being applied to that chart also.  If anyone thinks that the inflationary spiral is over they had better do some more research.  The commodity boom is not over yet.  It may be a little long in the tooth, but watch out, it can still bite you.
Is the bull market back in gold?  Only time will tell.
 
Just one man's opinion.
 



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