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  • #3,281
  • Dec 11, 2013 1:36pm Dec 11, 2013 1:36pm
Quoting Olu
Hi Rehab My Dow Position is now in profit again. I stuck to this trade despite being just points from being stopped out. This weakness might be temporary but theoretically I am looking for a break of 15782 Olu {image}
Olu, nice calls on the Dow & Crude.
  • #3,282
  • Dec 11, 2013 2:55pm Dec 11, 2013 2:55pm
Quoting Olu
{quote} Hi LB I am glad I took this trade. Well done selling the retest olu
Thanks Olu, I have taken profit on half and have left the rest to run, I'm a bit wary of holiday season and santa claus rally given the time of year. Whats your target on this trade?
  • #3,283
  • Dec 11, 2013 2:58pm Dec 11, 2013 2:58pm
Quoting srt
{quote} Olu, nice calls on the Dow & Crude.
Hey srt, really nice charts, I have never looked at such diverse commodities before, looks like they move well. Also nice to find markets that are not correlated so closely as fx pairs are. Who do you trade them with?
  • #3,284
  • Dec 11, 2013 3:12pm Dec 11, 2013 3:12pm
Quoting lazyboy
{quote} Thanks Olu, I have taken profit on half and have left the rest to run, I'm a bit wary of holiday season and santa claus rally given the time of year. Whats your target on this trade?
I have just closed out completely. I am looking for a retracement and further falls though. Chart is showing a H&S now (unconfirmed)

Olu
If you think you can or cannot do it you are correct
  • #3,285
  • Dec 11, 2013 3:36pm Dec 11, 2013 3:36pm
Quoting lazyboy
{quote} Whats your target on this trade?
The target of the trade when I entered was the 15790 low but I cant ignore the H&S on the chart worth 350 more points to the downside if confirmed.

Olu
If you think you can or cannot do it you are correct
  • #3,286
  • Dec 11, 2013 4:35pm Dec 11, 2013 4:35pm
SP500
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If you think you can or cannot do it you are correct
  • #3,287
  • Edited 5:03pm Dec 11, 2013 4:58pm | Edited 5:03pm
Gold
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If you think you can or cannot do it you are correct
  • #3,288
  • Dec 11, 2013 6:26pm Dec 11, 2013 6:26pm
Quoting Olu
Crude Oil - perhaps a bit more upside but eventually a large downmove will ensue. i will try and post better charts tonight {image}
Olu sell below 98?
  • #3,289
  • Dec 11, 2013 6:32pm Dec 11, 2013 6:32pm
Long term Yen Futures
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If you think you can or cannot do it you are correct
  • #3,290
  • Dec 11, 2013 6:49pm Dec 11, 2013 6:49pm
UsdSgd - reversal in the works?
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If you think you can or cannot do it you are correct
  • #3,291
  • Dec 11, 2013 7:06pm Dec 11, 2013 7:06pm
Quoting trexy123
{quote} Olu sell below 98?
Hi Trexy

If the $ were to be get stronger as it is threatening to do now all commodities including Crude might get some weakness. Check out those railroads (reversal candles pair) at previous resistance. There is also bearish divergence.

Olu
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If you think you can or cannot do it you are correct
  • #3,292
  • Dec 11, 2013 8:11pm Dec 11, 2013 8:11pm
Quoting lazyboy
{quote} Hey srt, really nice charts, I have never looked at such diverse commodities before, looks like they move well. Also nice to find markets that are not correlated so closely as fx pairs are. Who do you trade them with?

Thanks.
I use a few different brokers depending on if I'm trading, futures, forex, equities or options(futures/equities). Since you're in a different country you probably don't have access to them anyhow. Best to search for the one with the best spreads if trading forex. The futures market is a central market so don't have to worry about the spread, just get the lowest cost of commissions as long as you can trust them. My charts are not always from the broker I trade with, just have better charts for posting comments.
  • #3,293
  • Dec 12, 2013 3:22am Dec 12, 2013 3:22am
My gold position hit SL (thanks god with profit) but my bullish Dow hit SL with a loss. It is really amazing how market shifts from bullish to bearish to bullish...it is like sailing a boat in a rough sea. I am out for the holidays guys. Next week I am flying home to enjoy mama´s food and meeting with old friends. Merry Christmas and Happy new year for everyone. See you next year
  • #3,294
  • Dec 12, 2013 6:08am Dec 12, 2013 6:08am
Quoting srt
{quote} "My thoughts about gold and silver have happened. I am now turning bearish again on both of them "-Olu I remain bullish on silver. Price is at a pretty big resistance area on the weekly chart but if it can get through this around 20.47 I think it could move up to the 21.50-22 area. The key level that needs to hold now is around 20 on the downside. {image} {image} {image}

I got this one wrong. I thought silver would get through resistance @ 20.47 but should have paid attention to the obvious resistance I drew on the weekly chart. I left my bias get in the way. Broke through support area & retested so not looking too good for the bulls :-(
Nice call Olu.
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  • #3,295
  • Dec 12, 2013 8:20am Dec 12, 2013 8:20am
Quoting srt
{quote} I got this one wrong. I thought silver would get through resistance @ 20.47 but should have paid attention to the obvious resistance I drew on the weekly chart. I left my bias get in the way. Broke through support area & retested so not looking too good for the bulls :-( Nice call Olu. {image}
Srt

I agree with you on silver and gold. It is not looking good at all. While I think we can go to new lows I believe industry might just intervene. I read somewhere that the cost of production of gold is about $1000 or thereabouts. so miners are feeling the heat right now. Think about all that profit they were making when it was 1800

Olu
If you think you can or cannot do it you are correct
  • #3,296
  • Dec 12, 2013 8:23am Dec 12, 2013 8:23am
Quoting Olu
UsdSgd - reversal in the works? {image}

this pair is moving up and we are nearing the breakout area.

Olu
If you think you can or cannot do it you are correct
  • #3,297
  • Dec 12, 2013 8:25am Dec 12, 2013 8:25am
Quoting rehab
My gold position hit SL (thanks god with profit) but my bullish Dow hit SL with a loss. It is really amazing how market shifts from bullish to bearish to bullish...it is like sailing a boat in a rough sea. I am out for the holidays guys. Next week I am flying home to enjoy mama´s food and meeting with old friends. Merry Christmas and Happy new year for everyone. See you next year

Have a nice holiday Rehab. See you (Read from you?) in the New Year. Thanks for all your contribution to this thread.

Olu
If you think you can or cannot do it you are correct
  • #3,298
  • Dec 12, 2013 8:44am Dec 12, 2013 8:44am
$ is gaining some strength yet WTI Crude is gaining as well. I was looking for some more downside in WTI. All the crude selling is being done in the Brent Crude oil

Olu
If you think you can or cannot do it you are correct
  • #3,299
  • Dec 12, 2013 9:32am Dec 12, 2013 9:32am
Just sold DOW target 15600, what do you guys think ?
  • #3,300
  • Dec 12, 2013 11:29am Dec 12, 2013 11:29am
Long gold. not trading via mt4 but using it to show trades.
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