gold chart - hourly, page-46

Hi j,
I'm actually very seriously considering quitting futures!!!
Definitely the 'Softs'.
Wheat and Gas are biting me on the back pocket at the moment!!!
I will bail out from the ETC Wheat [Long] as soon as I can, and take the loss.
The ETC Gas [Long] I will hold, as I still believe the Basing Pattern will hold Long.
So far, I am in deep profit on the ETC Gas [from the Base].

From now on, I will focus on the DAX, Fx [EURUSD, USDCAD] and GOLD.
GOLD really does turn smoothly?
I would be happy to trade the GOLD turns with you if you have time to post.

Stocks:
My TLS trade has the most steady profit potential [IMO].
I am up ~50% on my other ASX Stocks for Q4 '09.
Most I will hold Long Term as IMO they still have significant upside.
[especially CTP, STI, OEL and OBJ]

"I like the many markets futures trading offers and I also like the liquidity."
[I would focus on GOLD, and forget the rest.
If you don't have an opinion, and trade the turns,
you will make more money than you can ever spend!
I should take my own advice!!!!!!!]

Short term, FX and Futures can be extremely volatile.
Also the high leveraging can mess your finances around dramatically.
You need deep pockets to place hedging orders when entering trades. I hedge to protect my capital.
You get another chance if you were going the wrong way.

I only use Stop Loss orders to protect Profit [after removing the hedge order].

GOLD:
ATM it may be coming back to test Channel Support?
I will watch and wait :-]
Cheers,
U2