Gold Expedition Return This Year:
-16.6%
- #14,343
- Apr 3, 2011 10:03am Apr 3, 2011 10:03am
- Joined Jan 2010 | Status: Amat victoria curam | 2,333 Posts
- #14,347
- Apr 3, 2011 10:29am Apr 3, 2011 10:29am
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
Being trigger happy is the worst mistake of being a good trader....
metals might correct and slv will be leading the way as ITS closer to its historic high than gold is - if slv corrects after testing its highest supply zone then gold will follow, but l do not sell metals, l only buy @ demand
commodities or consumables - the fact that they are consumables means that they are constantly in demand, for example wheat, corn and soya, crude, brent etc ......... therefore buy @ demand is the safest means of trading them
check how this wheat gapped - this happens often on wheat, soya and corn and all this fundamental news stuff doesn't affect them like fx and are safer to trade - but buy only
- #14,348
- Apr 3, 2011 10:39am Apr 3, 2011 10:39am
- Joined Nov 2008 | Status: Mmmm.. | 1,322 Posts
[quote=redsword11;4518245]metals might correct and slv will be leading the way as ITS closer to its historic high than gold is - if slv corrects after testing its highest supply zone then gold will follow, but l do not sell metals, l only buy @ demand
commodities or consumables - the fact that they are consumables means that they are constantly in demand, for example wheat, corn and soya, crude, brent etc ......... therefore buy @ demand is the safest means of trading them
Right, Thanks man for another word of wisdom
.
I like that...you are right..buy only is the much safer. That is one massive gap ..never checked those commodity chatrs before
commodities or consumables - the fact that they are consumables means that they are constantly in demand, for example wheat, corn and soya, crude, brent etc ......... therefore buy @ demand is the safest means of trading them
Right, Thanks man for another word of wisdom
. I like that...you are right..buy only is the much safer. That is one massive gap ..never checked those commodity chatrs before
- #14,349
- Apr 3, 2011 10:44am Apr 3, 2011 10:44am
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
[quote=Myrza;4518252]
l am in the process of slowly leaving fx to safer markets where common sense prevails and l am going take the core traders here with me ....... will see there soon
metals might correct and slv will be leading the way as ITS closer to its historic high than gold is - if slv corrects after testing its highest supply zone then gold will follow, but l do not sell metals, l only buy @ demand
commodities or consumables - the fact that they are consumables means that they are constantly in demand, for example wheat, corn and soya, crude, brent etc ......... therefore buy @ demand is the safest means of trading them
Right, Thanks man for another word of wisdom
I...
l am in the process of slowly leaving fx to safer markets where common sense prevails and l am going take the core traders here with me ....... will see there soon
- #14,350
- Apr 3, 2011 10:53am Apr 3, 2011 10:53am
- Joined Nov 2008 | Status: Mmmm.. | 1,322 Posts
[quote=redsword11;4518255]
Stop pulling my pants.Seing you trade all those exotic pairs with spreads that would make us shit in our pants. You are not telling me fx still makes you groggy sometimes
l am in the process of slowly leaving fx to safer markets where common sense prevails and l am going take the core traders here with me ....... will see there soon
- #14,351
- Apr 3, 2011 10:56am Apr 3, 2011 10:56am
- Joined Mar 2009 | Status: Trader | 1,094 Posts
l am in the process of slowly leaving fx to safer markets where common sense prevails and l am going take the core traders here with me ....... will see there soon
. Giving out all the secrets.
- #14,352
- Apr 3, 2011 10:58am Apr 3, 2011 10:58am
- Joined Nov 2008 | Status: Mmmm.. | 1,322 Posts
[quote=Myrza;4518263]
But if you leave..you will leave with a legacy just like Rob aka price action. there is a lot to learn here if u know where to find them
Stop pulling my pants.Seing you trade all those exotic pairs with spreads that would make us shit in our pants. You are not telling me fx still makes you groggy sometimes
But if you leave..you will leave with a legacy just like Rob aka price action. there is a lot to learn here if u know where to find them
- #14,354
- Apr 3, 2011 11:06am Apr 3, 2011 11:06am
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #14,355
- Apr 3, 2011 11:17am Apr 3, 2011 11:17am
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
Attachment
will monitor PA for buy - would like to see a clear pole north as confirmation there is still demand present - then buy on retrace but will be ok for scalps if we get some bullish PA
the loony and cadjpy correlation, inverted pairs, will also need to monitor S&P for bearish sentiments this week for loony correction north
- #14,357
- Apr 3, 2011 11:24am Apr 3, 2011 11:24am
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #14,358
- Apr 3, 2011 11:55am Apr 3, 2011 11:55am
- Joined Jan 2010 | Status: Amat victoria curam | 2,333 Posts
[quote=Myrza;4518263]
Spread doesn't matter in this context, if spread is an issue for you then your position sizes are to high.
Stop pulling my pants.Seing you trade all those exotic pairs with spreads that would make us shit in our pants. You are not telling me fx still makes you groggy sometimes
- #14,359
- Apr 3, 2011 12:02pm Apr 3, 2011 12:02pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
- #14,360
- Edited 12:22pm Apr 3, 2011 12:09pm | Edited 12:22pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts