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Well I have never thought about it priced in another currency than the US DOLLAR. I think TA is applicable to anything IMO. But my opinion doesnt really matter in the big scheme of things. In this model it looks overpriced and I am just using historical information to make a hypothesis...

So what are you saying? That it needs to push much higher? I can agree I guess with that - although on a short term weekly scale I would say we need a correction

Thanks for the reply I think you can use TA not only in financial charts, but others as well. It is my belief that most financial charts are fractal somewhat in nature. Although I do not think this works 100% of the time - but sorry OT. Its GLD, the US ETF that follows gold. Priced in...

Well, I really do not like gold. But you cannot fight the tape. I believe though this is a weekly short term top. I think gold needs about a 30% +/- correction. This is a weekly chart of GLD from back around 2005. The 3 blue lines are the LR and the green lines are my price targets - the...

Dont underestimate the deep pockets of real estate speculators - there will be a price where everything sells

just like price equilibrium theory in the marketplace - same will happen in real estate.. the OP makes sense in actuality..

haha dude read my 2nd paragraph -this is not rational of course, but the heart of the american consumer

This actually makes sense. Here is a real life example. Friends of mine are getting foreclosed on. They are throwing a b-day party for their kids (it was this weekend). They are getting f-closed on, and with the extra money they are not paying to the bank, they are spending on extra toys...

10,000 a month is quite a bit my friend.. With only 3 contracts max? My best system over the past 3 years uses a max of 4 contracts at a time (obviously you could scale it higher) but can only produce 23% ROR. Take in mind, this is through a quick bull,volatile bear->bull market, and...

Thanks for taking your time here, looks like to be a pro you have to really do the research on this thing. I use Sierra Charts automated spreadsheet system - not sure if you have seen that or not - basically i come up with formulas all based on the same prop. design that I made up a while...

What is your thinking, or formula when you are trying this method where you go short and long at the same time? Do you have to do this in subaccounts then? What is the normal spread between the months that you play this?

Interesting - I have looked at this "Z" contract all the way till the beginning of the year and found that it trades virtually the same whether there is a little volume or massive volume - do you play forward contracts or just the current heavy volume contract? Where, or how I should say...

Exactly, its a momentum play - I could not see holding something for longer than the span of 1 day, although there are plenty that do and make a killing I am sure.

Hey guys I have tried the ES, YM, NQ, NG, GZ, etc. down the line and I am finding CL is probably the MOST technically traded derivative in existance. Do you think I am correct with these assumptions? I am only able to see the past 10 months or so of the CL chart – does anyone...