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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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Qiman
United States
Posts: 237
14 years ago
Jun 30, 2010 16:39
@ gunjack, most definitely TA at times is the biggest factor in price movement, especially during slower periods. So many traders acting on the same paradigms, same support and resistance levels, etc. I've seen alot of this in June certain days!
Qiman
United States
Posts: 237
14 years ago
Jun 30, 2010 16:37
@ catnip, in general I agree with you. For certain short periods natural gas can run its own course fairly detached from the oveall market, with weather having such a large impact. Occasionally I see some of the softs do the same. But overall, inter-market correlations are incredibly important, even though they can shift in maddening ways!
Gunjack
London, UK
Posts: 1184
14 years ago
Jun 30, 2010 16:34
@Catnip I see TA as a self fulfilling prophecy. If enough ppl are naive enough to follow TA and all the hocus pocus that goes with it, they then behave in a herd like manner once their sacred resistance levels are broken, therby enforcing TA.
Qiman
United States
Posts: 237
14 years ago
Jun 30, 2010 16:33
@ Lucky, I am not playing any overnight cards at the moment, but early each morning I look for intraday opportunities in the US futures market. Silver is incredibly hard to trade except in clear trends, kind of like natural gas! You may turn out to be right in the short term, good luck! But I am watching natural gas, it took a real beating recently and is looking cheap. Oil on the other hand may take a short term dip after its recent run. Gold could do just about anything on a given day! I am watching the Euro for a short term gain after today's announcement, so far not as much as I expected.
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jun 30, 2010 16:29
flipping a coin ALWAYS works as well as technical analysis of ONE market and it saves time, too, you don't need to lokk at the chart don't need to guess resistance and such...saves paper, too.
In other words, analysis of one market isolated from the totality of markets is CRAP.
Gunjack
London, UK
Posts: 1184
14 years ago
Jun 30, 2010 16:25
@Qiman agreed price should always be king...everything else is just noise

@Lucky Jim rogers is v +ve on Silver...u don't agree with him?
lucky
ibadan, Nigeria
Posts: 377
14 years ago
Jun 30, 2010 16:23
qiman whats the card you are playing now adays as for me long usd-jpy and short silver
Qiman
United States
Posts: 237
14 years ago
Jun 30, 2010 16:20
Flippiing a coin sometimes works just as well as hours of analysis, but as a trader I do pay attention to some of the more salient ones like goldman sachs, for their predictions can move markets, at least in the short term. Many years ago I made the mistake of getting too caught up in the prediction game, instead of simply paying careful attention to current price movement. All the various indicators are first and second derivatives of price movement, prices are King.
Gunjack
UK
Posted Anonymously
14 years ago
Jun 30, 2010 16:18
yeah both enterprises deal with randomness and are complete guesses...the difference is in the wcup prediction biz, they don't take themselves as seriously as the mkt analysts
Qiman
United States
Posts: 237
14 years ago
Jun 30, 2010 16:06
Yes, isn't the business of predictions interesting, kind of like predicting some of the world cup games . . .
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