Wednesday, October 7, 2009

Seven market lessons guaranteed to improve your trading…

Seven market lessons guaranteed to improve your trading (Video)I added seven free videos that cover the very basics of trading taught by Adam Hewison. These are a great educational resource that traders of all backgrounds will appreciate. And it will only take about 5 minutes per video.

Tuesday, October 6, 2009

Gold... game on!

Gold... game on! (Video)Gold hit an all time high today. Please look at this video that talks about gold and were it probably is headed?

Alert: Platinum long

I wrote about this new platinum long alert this morning and wrote:
You can take the following position: platinum long. stop loss around 1200 or lower to be more on the safe side. I will add the chart later. Current price 1299

When you can make use of a turbo, please take the turbo with leverage 5 or 9.
This morning I just wanted to get the trade out fast. I saw yesterday that platinum seemed to be turning back up and waited till today to be sure. Well I'm back and here is the chart that I promised.

We can see that:
  • MACD is almost making a cross over. The blue line getting on top of the red line. 
  • the current price is above the moving averages of 10, 50 and 200 days. 
  • the daily trend is back up. 
We closed the previous position on platinum just around the top and will try that also this time. Gold today is making an all time high and also silver is doing extremely well. So you better have a look at some silver trades (mines) also.

As I said this morning you can kick in a platinum long. For the traders who can trade Turbos please take the platinum long stop loss 1205. This has a leverage around 9.

The current price is 1312 so a profit of 1% without, or 9% with the leverage.

If you are not familiar with trading Turbos I will write an article about it, and maybe you will like it more than trading ETFs.