Kumowizard
Long

I'm sorry, this post is not about Gold

FX:XAUUSD   Gold Spot / U.S. Dollar
278 22 22
This post is about why I'm not surprised 95 % of people lose in this game called "trading"

Please see my thoughts on the board, and please feel free to comment.

And before you misunderstand, I will not disappear... not for a while :-).
I will do my best until there is no conflict of interest with my main job.
I am just thinking about how to head for a better direction.

p.s.: by the way, few signals suggest Gold             may spike to 1280-1295 from here ;-)
I enjoy all of your charts and comments Wiz. It can be very difficult to keep up the enthusiasm to post on social media. I find it very difficult myself. I find that by doing this we learn a lot about our trading method. Do this for yourself as much as anyone else. People are interested but they may not show it most of the time. Keep up the good work. TTB
+1 Reply
Kumowizard PRO TheTradersBias
Thanks very much. I agree with you. That was one of my reasons when I started posts, to become less impulsive, more consistent and systematic in my trading, and to help others same time.
Reply
Dont allow those that dont know or care they are floating in this space looking for a silver bullet and forget that behind your hard work they need to do their own hard work. You kindly share your thoughts and ideas based on your analysis as for me i check myself in kumo against yours which i appreciate. To many want a signal service and for you to pull the trigger for them. Dont get despondent at the end of the day you are successful and trying to share success with others
keep it up
Reply
I'm learning a lot from you, Kumowizard. You do amazing and extraordinary job, and there are many people on this site who really appreciate what you doing. Thanks for everything!
Reply
You have a new follower. I think there are people trading in the start and go away after a time because of they have not time to trade or they simply just blow their account.
+1 Reply
As long as i've hijacked this thread (temporarily!) here's just one more comment on gold (i promise) For those who follow the work of Robert Prechter's group Elliott Wave International, they continue to be short term bullish, believing that gold might even rally to new highs, close to $1500... or at least $1435. (I happen to disagree until I see the rally begin) However, they remain long term bearish, seeing this entire rally from the lows under $1050 as a bear market rally to be fully retraced, with new lows to be expected next year and beyond. Clearly, higher rates have historically not been good for gold, and that's exactly what we've been seeing lately. Of course, there are more important technical considerations to discuss... and we'll let KumoWizard handle that later. After all, it's his page!
+1 Reply
Update: Today's sentiment readings are gold: 17, silver 13, off their recent single digit lows. These numbers are from www.trade-futures.com, a subscription service. Just remember, sentiment is one of the weakest tools in the ElliottWave area. If you're following the specific waves, gold might spike to below 1240 before it has a better chance to rally.
+1 Reply
IvanLabrie PRO CaliforniaTrader
Hi, great material is the norm with this guy.
I agree that people prefer flashy/funny/gurus, and/or, they do better since they spend all day publishing idea after idea, and then frequenting chats. (people who are trading, don't have time for that).
Anyway, keep up the great work, cheers!
Reply
IvanLabrie PRO IvanLabrie
ps: look at the top author list for crying out loud...it's a like contest, which can never be good, specially in a field where 95% of people fail.
Where are the performance metrics? :/
Reply
You got that right. The only question to ask is "where's your track record posted?"
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out