hi johno247.
i use gft for my charting and trading.
sounds like our trading thoroughs are similar. i always look at the commodity chart before i look at the co chart (same time frames, eg daily). i do trade commodity cfds.
you are right, you have to have a feel for the direction of the underlying commodity before determining the possible direction of the share price.
if trading ncm look at the gold chart, if trading bhp look at a commodity index chart etc, it all depends if the co mainly produces one commodity or a number of commodities.
yesterday i posted a chart on wpl, tonight i will post a chart on oil, why, for the same reasons you have highlighted, to increase the chances of a profitable trade.
have a good one.
582
- Forums
- ASX - General
- trading platform with commodity charts
trading platform with commodity charts, page-27
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online