A couple of people have emailed me asking about my proprietary setup indicator (AboySetup1) and how well does it do in Gold. Below is a chart showing Gold and the AboySetup1 indicator. In blue I marked the entry points based only on setup conditions (i.e. AboySetup1 > 80% and entering when AboySetup1 crosses downward the 80% line). The exit is marked when AboySetup1 goes low <20% and crosses upward the 20% line (seen in red). I only marked the profits made from May 08 to February 09 taking the LONG positions. The profits taking the SHORT positions are even better (i.e. entering short at the start of the red line and exiting the position once we reach the blue line). The margin required is to trade the Gold contract $2,025.00. The profits over this period using only this indicator (taking both long and short positions) are over $100,000 (on an initial $10,000 account -i.e. $2,025 to trade the contract, and the rest for margin).