Profit Taking on US30 UPTREND

Joe Joson
February 05, 2013
USA

Dow 30 or US30 has been at the near-peak or all-time high recently.  Basic indicators show the trend higher could persist .  The economic indicators though continue to show a very sluggish if not sleepy trend. So who knows!

But short term ups and downs in the prices of the different entities that could be traded on the Forex platform could continue to offer opportunities .

Click here for a profit taking on a short term (4-5 days) trade on US30.

AUS200 US30 SPX500 UPTRENDING

By  Joe Joson

February 1, 2013

I love UP TRENDS so I am posting this nice up trending entity .  Trends are my friends but I just like 'climbing the hills' and reaping the fruits as I go .

So , take a look at this nice up trending baby and tell me what you think... long term.  

Please click here and take a peek at the Chart.

In currency trading ,  one can ride the trend whether it is a down trend or up and make a profit.  If the trend is up and you place a BUY, when the entity does go up , you win.  When the trend is down and you SHORT it , meaning you place a SELL position and the entity goes down , you win.

Very short term downtrends are driven by folks rushing to the door in panic .  Shorts are the name of the game in this scenario. Not a place for rookies like you and me.  We get ran over , killed.  Long term and easy down trends could be for us.

But then again , I love UP TRENDS so for the most part I ride these kinds of PAIRS or Forex entities.

Gold Holding At 1655 Support

Joe Joson
California , USA 

January 03, 2013

Gold has been hammered the last few weeks but recently holding its old support at 1655 for 3 weeks now.  Gold is oversold at this point as well.  Short term buying opportunity?


Click here to see a Weekly Chart of Gold.


Joe Joson
USA

blackhawk74@yahoo.com

Step 1 Download the Forex Trading Platform

It is easy  .  Click this link and download the platform into your PC.

Click here to go to the download page.

Choose your computer : PC or Mobile

Once downloaded the next challenge is choosing your indicators and giving your Trading Station platform your preferred look :

To have an eye-friendly look , I use the No Skin look by pulling down the System Link within the platform ,  clicking Options and choosing No Skin at the Skins box. 

Next , find the Indicators symbol and click it.  You will see many , many choices.  Don't get rattled . Most of these indicators are for advanced users.  You will make your choices once you have gotten a good hold on your trading knowledge. No rush. It all comes together in time.

I use the following indicators,  for basics:  BB (Bollinger Band) ,  EMA (Exponential Moving Average) ,  Slow Stochastics ,  MACD and RSI .  Read up on these in google for what they mean to you as a trader.  You can also choose the colors of the indicator elements (lines).

Do not get discouraged by the terminologies that are weird and strange.  Stay focused on setting up the Trading Platform.  Remember the excitement that lies ahead!

Remember :  Once your platform is set up , your next step is opening a PRACTICE ACCOUNT (VIRTUAL ACCOUNT).   Choose to set up a UK practice account.   Will explain this later.

The excitement starts once you get to see the trading ACTION inside this platform.  You will see Gold ,  Silver , US Dollar, US30 , EUR ,  AUD , US and UK Oil  and many more duke each other out 24/7  from Sunday 3 pm till Friday at 1 pm Pacific Time. While Stock Markets open and close daily , FOREX does not.

Learn the time differences of  the Australian , Asian , Europe and US markets. They open and close at different times.

As you trade into the wee hours , you get to see what markets kick butt at what time etc. Prepare to lose some sleep.   :   )

WARNING!!  DO NOT OPEN AND TRADE REAL ACCOUNTS AND REAL MONEY UNTIL AFTER YOU ARE ABLE TO ACHIEVE SUCCESS WITH YOUR PRACTICE ACCOUNTS.

YOUR PERFORMANCE WHEN DEALING WITH REAL MONEY WILL ALSO BE DIFFERENT AT FIRST FROM WHEN YOU ARE PLAYING WITH PRACTICE MONEY.

Well, I hope this gets you excited for the New Year!!

If you run into trouble , email me at   blackhawk74@yahoo.com so I can help you tweak your Trading Station Platform.

I do not discuss strategy. I post my strategy but I don't tell people to do what I do. You will develop your own as you go.

Happy New Year , you all!!!!     :    )


Joe Joson
USA

blackhawk74@yahoo.com

Is Gold's Comeback Here For Good?

The months of August and September have seen the most rise in the price of Gold in the last six months. Both months racked up around 100 points each . So the question is , will gold continue to rise past the psychological major resistance at the 1830s , cruise all the way to its all time high at the 1920s and sail on through the dream 2000 mark?

Check out this recent monthly chart, read up on the buzz out there and decide for yourself.  My take?

Click here to see the chart. It looks good!


Joe Joson
California , USA

blackhawk74@yahoo.com

Gold Rises as Dow30 and S&P500 Tank on Jobs Data

With the USDollar, Dow30 and S&P500 all cruising at the OVERBOUGHT territory, Gold moved up a few notches on Easter Sunday at the opening at 1500 hours Pacific as jobs data proves uninteresting. 

Check out the charts here.

Bloomberg news on jobs, click here.

Joe Joson
USA

blackhawk74@yahoo.com

Mid February 2012 Virtual Account Balance $572K Floating $70K

Thirteen and one half months into trading this virtual account started from $50K capital. Used an agressive strategy and banking on Uptrending entities. Look into the detail in the link below. The huge floating negative amount is the ongoing battle that precious metals Gold and Silver is waging right now against the USDollar.

Nevertheless, the strategy works. Note the huge profit taking on UKOil towards the end of the statement.

Virtual Accnt Balance 021712 $572K Floating $70K

Joe Joson
USA

blackhawk74@yahoo.com

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