dmedin

Isn't the best strategy just to 'buy and hold' and reinvest your dividends over a long period?

👍 https://www.investopedia.com/articles/active-trading/120315/adjusting-strategies-moving-average-slopes.asp

You say lighthearted ... but it's pretty serious, imagine being close to Trump and then placing trades accordingly ... does that count as 'insider trading'?

I might be interested in going long on gold (using real money) at 1335 or thereabouts. Very confused as to why gold is still climbing at the same time as the indices. Also long on DJIA. Hope I haven't jumped on at the **** end.

It's a risky one though as it's clearly still in a downtrend, so will be lucky to get 32 - 50% retracement back up. Sorry, my diagram's a mess with all the hourly support/resistance lines.

This is a real trade I have going. I was fairly sure a bottom had been reached in Brent, and you see the 'fakeout' (with 5MA > 20 MA > 50MA), I would probably have traded that if I had noticed it, however I did jump on the second time.

It closed at 1346.35 for a £57.65 profit! Shame it was just on the demo account 🙈 Also in the demo account I have this trade currently running:

The hints and tips people have given on this thread are greatly appreciated. 👍

Hasn't the gold:silver ratio been high since the 19th century? Silver hasn't been a money of account for centuries now. Gold is where it's at as a store of value.

Might be time for gold to retrace a little. If so would like to get on it early. When 20 < 50 and 5 < 20 then that is a good sign ... along with relative position of oscillator

I meant that the price closed above opening, into the gap. Entering late is one of my many faults.

Back already! Just can't keep myself away You're right, the gold trade was okay. Renault closed slightly above the gap but I had the opportunity to take £25 profit and I probably should have given I didn't bother to do any other analysis. Well, I have new strategies to try out. Try again

Well, at least I'm consistent: all my trades reversed and stopped out on the demo platform too. I give up - I don't see any way to be profitable doing this in the long run. Good luck to anyone still trying!

Ladies and gentleman, the financial services industry in a nutshell. Authorities in Switzerland have fined five banks, including Royal Bank of Scotland (RBS) and Barclays, for fixing foreign exchange trading through cartels dubbed "Three Way Banana Split" and "Essex Express". ... "Participants in the 'Essex Express' cartel (from 2009 to 2012) were traders of Barclays, MUFG Bank, RBS and UBS. "The coordination of certain G10-currencies took place in chatrooms." Barclays was fined £21.5m while RBS was ordered to pay £17.8m. The banks were yet to give their responses to the additional penalties. https://uk.finance.yahoo.com/news/barclays-rbs-fined-fixing-currency-055600050.html Fining RBS £17.8 million is like docking a kid's pocket money by 50p for a week.

Went into my settings and verified 12 hour timeout. But have been logged out of demo twice this morning. Just as well I am not paranoid.

Haha yes, I know, it's never TA but the person applying it who is the broken clock. As luck would have it I am having a lucky streak using the demo account today. Off the back of Jezza's recommendation on Renault. Using the good old 'put a stop just above the gap' strat.

As a wise man (possibly Confucius, or maybe it was Aristotle) once said, 'The problem with TA is that even a broken clock is right twice a day.'

Here's another good one. (Not shown are the other 9 in 10 that didn't work )

Oh, well if it's just a case of posting a chart of historical prices with some TA overlaid then even I can do that. Simple.

This is what I see of today's trade on DJIA. Can you spot any 'trends'?

*shrug* If anybody can show me graphs of them going through the process rather than after it's been completed, maybe I will be able to understand. My mind is resisting and I cannot see it. I don't know how anyone has been able to trade the recent volatility. Not just me though, I'm one of the 80% ....

On the 5 min chart I see no agreement. Just up and down, up and down, up and down - might as well jump off a cliff. The daily charts are difficult enough.

Wait for a 33 - 50% pullback of gold before buying again?

Looks better on the hourly with a decisive close above 50 MA and subsequently the 50 MA turning up but unless you were lucky enough to jump on at the right time how would you trade this?

Wall Street on a five min chart. Where would you even begin? Totally untradeable ... for me ...