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TrendFollower

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Everything posted by TrendFollower

  1. @zala, yes it could so what is the solution? Not everything posted on the IG Community is 100% accurate or in some cases factual. I take your point and it is a valid one.
  2. @Zala, You can get a free trial for Eikon Commodities from Thomas Reuters and I am sure if you contact them then they will quote you a price for your needs. I don't think it is right to share how much I pay on an open forum and nor do I feel that comfortable disclosing it but it is not cheap! Yes, it is much more convenient to have everything in one place compared to having it all scattered across sites but I still browse the web and have a look at Bloomberg, CNBC, FT, etc. I have an FT premium subscription that I have had for many years now. What Thomas Reuters gives you is news faster than others. You may find that other news platforms purchase their news feeds from Thomas Reuters! In terms of beneficial, it all depends on the how much you trade and the value of your trades and position sizes. If they are small then it may not make financial sense to pay for such a subscription. It is all relative to your personal trading needs. From a trend following perspective if you follow price action and trade based on price action and volume then something like Sharescope is very good. I find it helps me to identify trends rather well especially for shares. https://www.sharescope.co.uk
  3. What if someone on the forum advises incorrectly? What if the person advising Bernarde is just in the dark as him/her?
  4. Is Lumber about to start its next big move downwards?
  5. PwC Creates Digital Skills Program to Boost Internal Blockchain Expertise https://www.coindesk.com/pwc-creates-digital-skills-program-to-boost-internal-blockchain-expertise/
  6. I use Bloomberg Commodities, CNBC Commodities, etc. I use 'Google' and sources on the Internet where I think the publications and news is credible.
  7. Barchart https://www.barchart.com/news/futures-news/all
  8. Financial Times - Commodities https://www.ft.com/commodities
  9. Thomson Reuters https://financial.thomsonreuters.com/en/products/tools-applications/trading-investment-tools/eikon-trading-software/commodity-trading.html?utm_content=Eikon>Commodity>BMM&utm_medium=cpc&utm_source=google&utm_campaign=00011FE&utm_term= +commodities +markets&gclid=EAIaIQobChMIltGg2f6W3QIVhbHtCh0PrAaVEAAYAiAAEgIQAvD_BwE
  10. I do hope those who have been following this thread have been shorting Lumber. If the aim is to make money and to make as much profit as possible then one must have an open mind. One must not get bogged down with traditional assets or what I call 'sexy' trades. Lumber may not be the most exciting sounding trade but if you look at the trend upwards and now the downtrend in play then it has given you plenty of opportunity if you were following trend following principles to go long and profit and now go short and profit. Add leverage into the bowl and you get a nice profit mixture.?
  11. If Gold goes back to the $1175 area then there could be further downside. It seems Silver is trying its best to hold on!
  12. An experience based prediction I would like to make is that there will be an almighty correction at some point so when there is a trend reversal then one must short and make profits on the way down. However, until there is a clear trend reversal, one must not exit early or take profits early. One must continue to hold and add whilst the trend is in tact and ride the trend all the way up. Remember, let your winners run.
  13. ZAR means South African Rand. I am just wondering why you did not just 'Google' ZAR currency and you would have found out the answer yourself?
  14. It just shows how 'credible' experts are only human and their 'guess' or 'assumption' is as good as anyone else who has experience in following the markets and an interest in economics.
  15. For those who are interested and want to carry out some quick research then one will find that India is now rapidly looking into Blockchain and a specific state within India has already adopted Blockchain into its Land Registry system.
  16. At 13:21 UK time Carbon Energies is one of the best performing within the Energies sector.
  17. Yes totally agree. Once there is a trend reversal as any correction could be brutal and keep continuing downwards and one should not try and catch a 'falling knife'.
  18. @Caseynotes, very interesting graphics. If markets were to take a tumble then one must have capital ready on the sidelines to 'pounce' to take advantage of any once or twice in a generation corrections. One must be ready to pull the 'trigger' if such opportunities arise.
  19. @AbDXB1345, from my experience I have found commodities as one of the better asset classes to trade from a trend following perspective. When I first started on such a journey many years ago it was commodities that I started trading using trend following principles. Initially, I was not always successful. In fact, I made some big losses on Natural Gas whilst trying to grapple with the concept of taking emotions out of any trades. My success came when I started trading oil, corn, cocoa, etc and beginning to make profits by holding on to my positions until the trend changed. I began being more patient and holding on to my winners rather than exiting too quickly and at the same time I began exiting my losing positions much quicker thus reducing the amount of losses. Yes, there will be plenty of losses using such a strategy. The key is to ensure that your winners make you more profits than the losses with your losers. I find mid cap, small cap and nano cap companies also trend rather well. With nano cap companies only a small amount of them so it is a case of identifying them and those trends can be more shorter than the small cap and mid cap companies. Crypto's are also very interesting as long as you are willing to hold your positions longer to catch those long term trends. These are just my thoughts but you may identify trends that I have not even considered or come across. I would not worry too much about the asset class. There are some funds which show great trends. Have a look at robotics, automation and artificial intelligence funds. You will see beautiful looking charts based on price action. The returns on some of these funds even after any fund management fees are still better than say large cap shares listed on the FTSE 100 over a 12 month period. As they say 'Elephants Don't Gallop'. I tend to stay away from large cap stocks when it comes to trend following. The only time I bought FTSE 100 companies was after the credit crunch when bank shares tanked and I could not resist though I used more value investing principles at this point. Trend following is not the only answer and one must keep an open mind. It does not guarantee success but it can assist in improving the probability of success.
  20. @PandaFace, commented on my recent Carbon Emissions post. I think if you look back at my commodity posts then you will see the likes of Lumber, Orange Juice and Cotton. If they are showing a stronger trend than say Oil, Gold, Corn, etc. then that is what one should consider trading ahead of the more well known 'sexy' commodities.
  21. @PandaFace, when trading trends it does not matter whether it is a share, fund, commodity, crypto, etc. If there is a strong trend then it can be traded regardless of whether it is a share or a commodity. For me the most important thing is the trend and it is irrelevant what commodity or share it is. When trend following shares I learnt that it does not matter how profitable the company is or how healthy the balance sheet is. The company could be doing badly but if there is a trend whether long / short then it can be traded. It is the trend that is important rather than the company itself and what it is doing. In terms of trading Carbon Emissions, you are trading the trend. You do not need to be an expert on Carbon Emissions. I certainly am anything but. Yes an awareness of the fundamentals can only help gain a better understanding of the market you are trading and help with understanding why the trend is either on the long side or short. This can be resolved with a little bit of time and research.
  22. It is a hard one to call as both Gold and Silver could continue their downward trend or there could be a sharp trend reversal.
  23. Yes, I agree with @Caseynotes. That sure sounds like Bitcoin. @Graham, it is a good job you are doing this through a demo account!
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