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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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asad
UK
Posted Anonymously
15 years ago
May 17, 2010 20:20
Lucky,

I'm w/ you...


Asad
lucky
ibadan, Nigeria
Posts: 377
15 years ago
May 17, 2010 20:04
all what we believe in nigeria is that to catch a monkey you have to be a monkey there is no technicals and proved studies and experience in these business we are in the field with proper gang we have to be thieves like them to escape ! for example inventories was up crude was up example dow on friday was up crude was down they are driving the market as they wish i always do opposite last time i started my short from 8360 , 8450 , 8525, 8630 and 8710 respectively later i gain it now i long at 7525 , 7240, and again at 6980 i will still by dips
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
May 17, 2010 19:57
I don't think these Berlin morons think that far ahead if they think at all. In fact the eurozone problems
are only and only political problems and are easy to understand. Germany made much profit from the go east strategy cheap labor cheap credit ... the PIGS had no access to the ceap labor cheap credit zone and became incompetitive. That's the whole story.
Gunjack
London, UK
Posts: 1184
15 years ago
May 17, 2010 19:37
conspiracy theorists friend ( he supports the UKIP political party in England, right wing nuts) of mine reckons this whole European sovereign crisis has been caused by the authorities to further their objective of a European super state with closer fiscal and monetary union all being monitored from Berlin
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
May 17, 2010 19:31
don't think it's dr. copper it is China economy it is SSEC tanking. If SSEC continues to drop and PBOC
utters Trichet-like nebulous statements as they did well then we have more uncertainties on top that will drop commodities.
Gunjack
London, UK
Posts: 1184
15 years ago
May 17, 2010 19:21
Hey Catnip - Copper seems to have dropped below it's 200 day MA...If it still holds it's Dr Copper predictive properties that cannot be a good indicator for the commodities complex...
catnip
Frankfurt, Germany
Posted Anonymously
15 years ago
May 17, 2010 19:05
Asad...
hum we hardly ever discuss technicalities of trading seriously.
You may be interested in a stuff called copola.
You see chart astrologists draw straight lines and call these trend lines and crosses support or resistance.
All these ideas come from the axiom markets are independent of each other.
Of course they are not independent.
If we would apply some basic form of copola to these lines they would become curved
and the curvature would change with every change in another market.
This gives more precise entry and exit levels. Namely exactly those at which the particular
market under test behaves indeed as if it were independent. Inertia, so to speak.
asad
UK
Posted Anonymously
15 years ago
May 17, 2010 18:49
Lucky,

I put major longs (in a while) on crude...w/ tight stop losses (keeping in view the volatility)! Let's hope it works. There's an increasing chance though that oil'll touch 67. Have it covered as well. As I said, I'm MORE investing than trading now...


Asad


P.S. Catnip, GREAT to have the technical side of you around! :)
lucky
ibadan, Nigeria
Posts: 377
15 years ago
May 17, 2010 17:54
last month when may contract was ended oil dropped to 8050 in the same day june picked again again on by back for new position and now am not sure that people will short july contract at these levels
djellal
LAUSANNE, Switzerland
Posts: 531
15 years ago
May 17, 2010 17:23
As i said last week,
below 77$ the downside is confirmed on oil hold your short positions with first target 70$ and then 65$
If you want to be long on oil I think that you should wait for the decline of the volatility
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