By popular acclaim I return with the doughty October 2012 4hr spot gold chart analysis, the chart that caught the attention of the editors of this august blog, the chart that propelled me into the limelight as the chronicler of the remarkable trading strategies of S Roche, the chart that has served S Roche so very well... until it didn't.
Can you spot the moment?
UPDATE: April 18 Chart Added...keeping the dream alive!
UPDATE: Please scroll down...
This was the chart with which Roche rose to international acclaim as a trader, technical analyst and blogger. He watched it for hours and tended it lovingly, teasing from it the riches he had long desired and believed he so thoroughly deserved. He created smaller versions of it, with shorter time-frames to allow him to build on the secret knowledge he had acquired and increase his phenomenal rate of return....
|Preparing for a bounce off the lower channel, Roche fails to see the obvious.....|
Eschewing his blogging responsibilities to better focus on trading Roche became immersed in the trader chatter, absorbing all the lessons from the greats, The Masters Of The Markets...well, those that Tweet anyway, harnessing their insights to better perfect his ever more numerous trades based on this magical chart which spoke to him alone: short this upswing, ride it to the channel line then go long on the bounce...
|Notwithstanding that the Fibonacci Fans had been providing a guide.....|
|Roche is surprised when they continue to provide a guide...spooky huh?|
UPDATE: April 18 10.37 GMT
The bleeding is staunched courtesy of Roche's endless search for a new
|When one channel fails another door opens...|
Never say die!