Thread: Discuss Commodities and Stock Market Indices

Originally Posted by InflationNation

Be careful what you ask for, your answer will likely be in french!

forums - share and learn?


some manner of response would be better than none, won't lose sleep over it thou

Originally Posted by InflationNation

Be careful what you ask for, your answer will likely be in french!

It's a circular dice, just has more numbers on it.

Bit like the gold chart recently.

Originally Posted by root-minus

forums - share and learn?


some manner of response would be better than none, won't lose sleep over it thou

I think you put it on a dart board and whatever price you hit becomes your next target.

PS, Don't throw the darts at your monitor.

Shorting Silver @ $28.48

Target: $26

Reason: Bearish pressure

On the upside Long @ 29.50

Reason: Greece will get more money


~Marcello

Originally Posted by MarcelloM

Shorting Silver @ $28.48

Target: $26

Reason: Bearish pressure

On the upside Long @ 29.50

Reason: Greece will get more money


~Marcello

Do you trade Gold?

Originally Posted by root-minus

hello, what is this? would you explain how this helps in trading please?

W.D.Gann Wheel.. Astrological trading, Numerology trading, Trendline trading all are in it. Unfortunately only Gann Knows the secret of it and he passed away without revealing it, instead he left some hints to follow it. Mr.Tonton Uncle using it for his trading and he is good till now on gold and silver.

By the way what's your trading Strategy?

Hello, thanks for that, l have heard of this just didn't recognise it and just so you know, l wasn't mocking it in any manner, l was just asking what it was


my trading strategy - can only describe it as simple and stupid. I trade price action as it develops, l have only started in Dailyfx on Monday and l have posted quite a few of my trades in forex forums and here - have a look

http://forexforums.dailyfx.com/globa...alysts-42.html


as an example of trading price action ( strategy ) as it develops please refer to 621, 622, 623 and 624 in the link above


simple stupid trading

Originally Posted by vrshaiju

Do you trade Gold?

No, never traded gold. Maybe in the near future. My Account is a bit shakie at the moment.
Why whats your outlook?

~Marcello

Looking just a tad precarious going into next week!

Hope these are of use.

Originally Posted by Clivewaverider

Looking just a tad precarious going into next week!

Hope these are of use.

Are you still buying dips clive? Your charts look complex, any chance of explaining for less techie guy like me?

Originally Posted by adz2k11

Are you still buying dips clive? Your charts look complex, any chance of explaining for less techie guy like me?

I usually post over on the EURUSD threads but been expanding my asset classes and the FTSE looks particularly interesting because of thsoe trendlines. I have just posted 'waves' up to 5 years in components over on the Purely EURUSD thread, so that might be worth a look.

The waves use 5 period 'attenuated moving averages' that suffer very little lag - in fact a Line chart of the closing prices matches a 5 attenuated MA exactly on all time frames. So these waves are like line charts of monthly price/time slices from 1 month to 2 years on a daily chart and 13 months to 5 years on the weekly chart. They have been doing a very good job of not unwinding to the upside and now look like they finally are about to waterfall over those trend lines. If you look left on the screen shots, you can see what they look like when the bands stack neatly - this represents consensus across multiple investor timeframes - the ultimate 'dont trade against the trend' scenario perhaps.

So nope, not buying dips. If you look at the EURUSD waves, me thinks this time is really different.

Originally Posted by Alejandro Zambrano

Charts from today's edition of the webinar Bulls vs. Bears @ The Trading Room 10:30 GMT (11:30 UK time or 06:30 EST Mon - Fri)

Recorded version
Bulls vs Bears - The spread Betting Morning Update May 25 - 2012 | DailyFX: Bulls vs Bears on Blip

FTSE100


S&P500

the gradient of the downtrendlines are decreasing over time, this usually implies downtrend weakening and as it appears from now there is also higher lows - will be looking for intraday buys the coming week

Apple, down channel, looking for intraday sells this week

brent daily, possible double bottom setup may develop






crude weekly, some trendlines






platinum weekly, looking for buy setups

Originally Posted by stryker

For what it is worth, would like GOLD today to break 1550 but 1554 is a stubborn no for now...

Today, I can use some help for I have gone over leveraged then I normally do and I stay quite discipline most of the time.....
---snip---
GL... Hey .. it's only Friday........ worse day to be over leverage as it.....

Shucks I took Friday May 25 off ...
O dear, did you miss my warning the night before the gold options expiry of May 24?? ....
Comex Gold always goes down for options expiry and then bounces afterwards. Always (check the history). Because the banks sell naked paper shorts to drive the paper price down to ensure that call options they sold to suckers expire worthless. Just another aspect of big banks' corruption that regulators wont or cant bother with (the banks are doing god's work....lol)

Originally Posted by SkiBunny

Originally Posted by SkiBunny

Gold options expiry thursday so dont give too much weight to a possible down day.

Low of the day seems to have occurred around the comex close … LOL … Gold fell by 21 from 1578 this morning to close comex at 1557