26 June 2013

Gold : TA Poetry in Motion

  • Technical analysis is impressive when it works. The current move in gold captures this wonderfully.
  • Monthly and Weekly : Major sell signals on taking out 1522.
  • Daily : Lovely triangle downside break at 1350 performing like a dream.
  • "Harmony, balance and rhythm. They're the 3 things that stay with you your whole life. Without them civilization is out of whack. And that's why an oarsman, when he goes out in life, he can fight it, he can handle life. That's what he gets from rowing."  - George Yeoman Pocock.
  • Was short gold at 1393, but yet, missed the entire downmove. It is not bad luck. It is harmony (recent unsettled personal circumstances), balance (position sizing wrong) and rhythm (bad timing directly related to earlier 2 factors) out of whack. A lot to reflect on before I can be a champion and reach for the stars.

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