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First welcome to ET! I assume you are referring to this trade. 10-31-06 09:07 AM Going to cover GLD at $59.60 for a profit of $.40 or $40.00. Will keep the long position on USO. USO may not bottom till after the elections. I am long at $52.05 with a stop at $50.05. Oil is somewhat risky...

Agree with this. I believe the fed will step in at some point if it gets too bad. Too late for some, if there is no rate cut next spring, real estate will be spooky to say the least. No one absolutely knows the future, I am sure the fed is watching closely. The large builder inventories are...

This is a post from a few days ago. Still relevant. USO broke down and took out the lows bottoming at $50.25. It closed today at $51.95 just under $52.00. Big upmove due to supply disruptions. It looks like it will enter the $52.00-$55.00 channel again. Outlook still bearish.

Oil has fallen 30% so far from its peak. Whereas over the summer all you heard was $100 oil, now all you hear is $40.00 oil. I doubt that we will see $40.00 oil anytime soon. IMO the market is short term oversold, although all indications are bearish. I would be long for a short term pop only...

http://www2.barchart.com/ifutpage.asp?sym=CL&code=BSTK oversold?:p

You are on to it here. Commissions on the short term add up, intraday whipsaw is not fun either. I think you have to have a complete trading plan. Eg. The moon is in the seventh house so I will go long beans at $50.00, target $51.00, stop $49.00. I will hold the position until the profit target...

Big down day for oil. The 52 week low was taken out at $50.50. There have been a lot of bullish signs lately on the daily charts not to mention bottom calls. This lets me know that maybe the outlook should be weekly. The 50 day exponential moving average is sitting way up at $63.20. Notice this...

I was just reading an article that said the average retail forex account is open 45 days before blowout. The average guy doesn't know that leverage can work against you big time. I think some of the forex accounts soften the blow by automatically closing you position for you; I guess that saves...

I assume that you are saying that RSI has bottomed in September on the daily chart. You could certainly go long here. I would be cautious though; there has already been one false breakout on the daily charts. Weekly RSI 29.23. :D

Here is a quick update chart on USO. It has been range bound trading mostly between $52.00 to $55.00. You could sell below $52.00 and buy above $55.00. Still bearish, today's price action was weak considering the large gasoline drawdown. Traders don't seem to buy OPEC's cuts so far. The market...

Isn't there some type of trading program that could make money from these moves?

Remember the spike!! Spike in the direction of the trend! 1400+

"simple profitable method"

Looks like you should be trading 5 minute charts based on your stop. Here is a chart with a simple 5 period moving average, displaced -2. If you don't understand a displaced moving average look it up or see "simple prifitable method". You should have some kind of stops in futures as you are...

Here is the link to time and sales: http://www.cbot.com/cbot/pub/page/0,3181,317+2006Z+0,00.html 11/13/2006 ZG 06Dec 6256 5:38:45 AM 111/13/2006 ZG 06Dec 6160 5:38:48 AM 111/13/2006 ZG 06Dec 6163 5:38:48 AM...

Here is a one minute candle chart, at 5:39 am, 936 CBOT zgz06 contracts sold, the contract hit a low of $604.00 on the nose. I wonder how many overnight longs got popped. The next bar shows 177 contracts bought. The last big spike in SP was up, then down in the direction of the trend, so you...

I think the issue is timeframes. Intraday moves require stealth and its hard to catch every move. I think a lot of traders position trade and maybe trade around the core position. On stocks I am not that interested in daily moves unless they are event driven, but I am not paying my rent on an...

I believe it was Ed Seykota, a trend follower who was also a systems trader. Depending on your system, you can be in trade for n period of time. This is likely more profitable as commissions are lower and there is less coin flipping. I guess buy and hold is a system where you have no defined...

Here is a nice MACD crossover on the YM ten minute charts.

Yes and all that money will directly to orphans and starving widows. That policy will not work!