I love to see people make money trading gold. Break a Leg.
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ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Since March 2022, the two instruments have been moving more or less in tandem. However, gold already broke out above the previous resistance while ES is stuck below it. Could gold be leading the way for ES? We shall find out in the next few days.
Trading futures is trading paper, it is not real. I have other contingencies and standing pat on those. In the meantime the metal charts can be traded like any others.
Some fresh news hot off the press:
Hong Kong's equities climbed 224.56 points or 1.04% to finish around six-month peaks of 21,738.66 on Friday after being muted in early deals, booking a 3.6% surge for the week, after official data showing China's trade surplus hit a record high in 2022 on the back of robust trade with Russia and Southeast Asia countries.
European shares were slightly up on Friday buoyed by upbeat global sentiment, with the pan-European STOXX 600 hitting a fresh nine-month high and Germany's DAX 40 rising above 15,060 points, the highest level since mid-February. Investors welcomed data showing Britain's economy unexpectedly grew in November, reducing the chance it slipped into a technical recession at the end of 2022; while the first decline in US consumer prices in more than 2-1/2 years could pave the way for the Federal Reserve to slow the pace of monetary tightening.
Hong Kong's equities climbed 224.56 points or 1.04% to finish around six-month peaks of 21,738.66 on Friday after being muted in early deals, booking a 3.6% surge for the week, after official data showing China's trade surplus hit a record high in 2022 on the back of robust trade with Russia and Southeast Asia countries.
European shares were slightly up on Friday buoyed by upbeat global sentiment, with the pan-European STOXX 600 hitting a fresh nine-month high and Germany's DAX 40 rising above 15,060 points, the highest level since mid-February. Investors welcomed data showing Britain's economy unexpectedly grew in November, reducing the chance it slipped into a technical recession at the end of 2022; while the first decline in US consumer prices in more than 2-1/2 years could pave the way for the Federal Reserve to slow the pace of monetary tightening.
But we're heading up to 4050 tomorrow. Oh, well.
Maybe. I'm loading up the truck here (4001.50), pre-market. And will add if we trade higher. Not as confident as you, though.
L 4004
I have to atone for my bad call in September which @Laissez Faire has pointed out numerous times.I still like you @Laissez Faire! Hopefully between this and my October call, I an now entitled to limited posting privileges here.
Not sure if this was serious or not...
This is @Buy1Sell2's journal and I think he would say, "Journal is open to all...".
The only reason I was giving you a hard time last year was because you were kind of condescending towards those who held an opposing view of you at the time.
The reason I gave the other poster here a hard time earlier this week was because he was acting condescending when questioned and didn't stand by what he had just said 5 minutes ago.
Generally, my view is that all comments, calls and views are welcome and appreciated no matter how wrong or correct they are as long as people making them are held accountable for them.
What we do see from time to time are people who miraculously are always right and always sell the high and buy the low in hindsight. And never ever takes a loss. That can get really annoying. Hell, I wouldn't mind a hindsight entry/exit even as long as said individual could at least admit to a loss once in a while.
I know I mentioned this before, but we all like to look at filthy pictures, so here is one of FTSE100, they also have a shit load of problems there including high inflation and high energy prices, public sector seems to be constantly out on strikes, people tightening their belts, etc. Stock market didn't seem to care about negativity, just smashed through the resistance of the range-bound market.
