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No, this web site is not my sole
effort. The other party involved is a past student of mine who I taught
the system. We collaborate on the site. The system was developed by
me. I didn't reinvent the wheel. Everything I use has been around
for at least 30 years and some as long as 70 years. It is not what I
use, it is how I use it. Like any
other business. It is not the tools that are used but the party that uses
the tools that determines the outcome. Once taught how to use the tools
various people have a different degree of success, like any other
profession. There are also those that fail. Like in any other
profession.
Nothing is perfect.
----- Original Message -----
Sent: Sunday, May 18, 2008 4:32 PM
Subject: Re: [RT] Spot Gold
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 -----
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 -----
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 -----
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 -----
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 -----
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 -----
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 -----
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 -----
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 -----
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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