Submitted by Gold Stock Prophet Blog
The following is a quotation from the novel Reminiscences of a Stock Operator, written in 1923 by Edwin Lefevre. This quotation helped reinforce in my mind the importance trading in the direction of the primary move, and to avoid the noise of short-term fluctuations.

His name was Partridge, but they nicknamed […]

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Submitted by Gold Stock Prophet Blog
In the previous two posts, I mentioned that the short term trend for gold was down, and because of this fact, I was holding a short position. The following daily Renko chart illustrates how I define what the short-term trend is:
The above chart shows how I traded gold this summer. […]

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Submitted by Gold Stock Prophet Blog
For this past week, commodities corrected quite dramatically, which, I am sure, has left many commodity bulls feeling somewhat nervous. If this is the case, I hope that this post will help assuage any doubts.
The first chart is that of the XAU. It is a monthly chart that goes back […]

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Submitted by Gold Stock Prophet Blog
A few weeks ago, Stockcharts.com introduced Renko charts, and, since that time, I have really developed an appreciation for this charting style. Renko charts, like candle charts, are a Japanese charting style. Renko charts differ in that they do not factor in the passage of time, and, thus, only use […]

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