Gold

remo wrote: Fake breakout....already closed.....dam...
Gonna short now....lol...proberbly go the other way now

I honestly believe that your trade might have been the correct one, just a mixture of volatility and a rather tight stop could have ruined it!

I'm watching from the sidelines... Did I believe the dow would crash (as would the FTSE and just about anything else)? YES!

Did I make huge gains from it? NO!

The swings are just mad - and these bookies know what they are doing. You could have the perfect plan, but if the goal posts are shifted (artificial points, super wide spreads), and maybe even removing the goal posts (telephone or "X" icons), then what chance to do we have?


I did once wonder, if i had a choice, between getting a million quid, or seeing IG and the like go bust, which option will I take?

I'd rather they bust than get a million quid - because them going bust (along with betting firms) would give joy and good mental health to millions of people!

(but that might be just me, so I'll go back to work - suffice to say, I'm enjoying the ChartsView revival!)

Great post Libero....
You have to beat the dow and IG markets to win....never going to be easy....odds are always against you...hence why 70 or so % loose....

I don't like trading indices either tbh...but get tempted now and again....when big moves are happening...

These companies are really sneaky....my Daughter at University was asking me about trading....after a s/b-cfd company done a pitch/presentation at the Uni...

How can they be allowed to target students...when most of them will be on student loans!
shocking imvho...

atb, wdik, dyor,
trendfriend

I closed my short on the gold at the 200 ma yesterday and went long....hopefully will bounce big now...fingers crossed..

Apologies for the off topic question? Thought I’d ask the question as it been mentioned in this thread

I’ve only just got back into investing again, largely due to the volatility in the markets.

Which platform do you experienced traders use to execute your trades.

This is a question that has possibly been asked before.

I like IG for it’s charting capabilities, and I use it to execute CFD long positions. Is IG not liked amongst traders here?

If so so, and what’s the better options?

Thanks
All responses v.much appreciated

I think IG is probably one of the better company to use imvho...
As it's financially strong and your Monet deposited is safe....

However these are tough markets to trade....and very high risk...
So in my humble opinion its important to be sensible, with position size and trade management...
if one's trade is the size of the pot....that imvho...is not a trade but a gamble...and just hoping...and not righ...but as always wdik...

i think Cash would be far better invested in stocks towards the end of the dip...and held mid/long term...much lower risk and more chance of making a good profit...

Just my 2 cents...some of the wiser guys here...may well see it differently...but good luck with whatever you trade

atb,
trendfriend

Gold getting smashed (again).

Could be more unwinding, for people to free up some cash perhaps?

Now, this isn't strictly Technical Analysis, but we might have seen this before during the 2007-2009 financial crisis, where gold did rise, then fall, then rise again.... (I've attached a monthly chart - with the arrows to help better describe what I'm seeing - which could be completely wrong of course!)