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  1. #21
    Moderator Kolyo's Avatar
    Agree on that Michael!

    I am bullish on gold in the long run too, but we may stay in bear market for another year or two and thatís the whole universe to us, short term traders. Thatís why I prefer to stay away from gold for now.
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  2. #22
    Specialist Member runneroption's Avatar
    Interesting to see the next analysis on Commodities markets I am playing now very often with crude oil which is forming a balance area now!

  3. #23
    Moderator Kolyo's Avatar
    Hi runneroption!

    The week was tough but finally we with new weekly highs and trend continuations for all major indexes.

    The commodities werenít that stable. While crude oil form a support zone between 76.3$ and 78.3$ per barrel, the precious metals continue its downside move and stay in bear market. My goal for the next week will be to find the lowest risk entries in accordance with the major trends. I still believe that stock market bullishness is close to exhaustion in the near future and we have to be ready to search for reverse entries but it is still to early for them. On the other hand I believe in strong energy commodities and will play only Calls on crude oil and natural gaz.

    The last one already spiked significantly higher last two weeks and I am expecting to see much higher prices with winter coming ahead. This week was without trades in my account and I hope next one will start with fresh energy and ideas
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  4. #24
    Rookie Member Theta decay's Avatar
    :-)humbs up!

  5. #25
    Veteran Member Dan21's Avatar
    I think we are close to this stage when the market equilibrium will reverse. What do you think?

  6. #26
    Moderator Kolyo's Avatar
    You are right Dan. Today seems a reversing day, but letís not be too aggressive before US market open. There is a substantial chance that short squeeze can happen at the beginning of US session. I think the best moment to enter PUTs on the main indexes will be around 15:00 GMT, a little bit after the market agrees on its direction. Crude oil is still close above 76.5$ support level and there are no signs of changing market direction. I will wait for at least some momentum to the upside before jumping with Calls there! Looks interesting week ahead
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  7. #27
    Moderator Kolyo's Avatar
    I may be wrong but I think we are very close if not exactly at the point of big market changing moment. The commodities looks gain strength and soon will be off the free falling mode. I see some strong buyers in gold and crude oil from Friday trading session and expecting to see a continuation of this trend right into the next week. On the other hand stock markets feel exhaustion and maybe soon a new correction will happen. Next week will be interesting one and surely full of trading opportunities.
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  8. #28
    Moderator Kolyo's Avatar
    Quote Originally Posted by Kolyo View Post
    I may be wrong but I think we are very close if not exactly at the point of big market changing moment. The commodities looks gain strength and soon will be off the free falling mode. I see some strong buyers in gold and crude oil from Friday trading session and expecting to see a continuation of this trend right into the next week. On the other hand stock markets feel exhaustion and maybe soon a new correction will happen. Next week will be interesting one and surely full of trading opportunities.

    Hi guys

    I was too early on these calls. Actually all the commodities fell hard last week and we find support at the beginning of this week but at much much lower levers. I am not sure is this support able to sustain the move but my feelings are that we have very strong overshoot in the bearish direction and can have some pretty descent pullback soon. On contrary the stock markets are holding strong but are close to bullish exhaustion so I wonít play calls there any more next couple of days.

    For now I have the following opened trades:

    Weekly Calls on Gold and VIX, Monthly calls on EUR/USD and Gold and two very short term contracts Ė H4 call and FTSE and daily call on EUR/USD.

    Wish you happy trading week and see you soon on my thread
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  9. #29
    Veteran Member Dan21's Avatar
    Thanks for sharing with us, Kolyo!

    I was also a bit earlier with bullish appetite in commodities and that costs me few hundred bucks. I hope that after NFP this Friday the situation will become much more clear and the BO trading will pay off.

  10. #30
    Moderator Kolyo's Avatar
    Today the NFP data came much better than anticipated more than 300K and this is the best for many months till now. However the market reaction was mixed and we didnít see euphoric bullish sentiment on the stock markets, but only some mixed trading. Thus I am not sure about the bullish momentum next week. The crude oil products Texas and Brent remain heavily sold and still under bearish pressure. Gold despite its bullish impulse at the beginning of the week remain in pretty tight range. Most of the signals remain mixed in forex market too. We see some strength in the Euro after Draghi speech yesterday but today we see opposite impulse after good NFP data. The week was tough for trading but expecting to see more clear setups next week Have a nice weekend guys and see you again on Monday
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

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