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Someone asked what I'm using to trade these. Believe it or not, just "lowly"
uncomplicated bar charts with raw price action unfiltered by indicators. I
do have one indicator mounted on the daily charts of all these commodities -
10 day average true range so I can do a quick ATR * tick size to see if I
want to touch the commodity. I have about 20+ different commodities setup,
each in a SuperCharts workspace with weekly chart on right monitor and daily
chart on left monitor. I work the weekly first using lines and a Fibonacci
tool to get the feel of the trend and the degree of thrust in recent moves.
Then I move on to the daily and do the same thing. If the odds appear to be
in my favor I considering entering a trade, if not I mark it for later
review or pass completely. Also, when position trading, I use the Bullish
Review of COT newsletter (see www.bullishreview.com) to give me some idea of
which way the various groups are leaning, especially the commercials. If I
decide I want to enter a trade, I look at the price action on the intraday
charts in Ensign www.ensignsoftware.com or LiveCharts at www.quote.com where
I don't have a real-time exchange subscription. I find that on quote.com,
which has no drawing tools, I can quickly approximate Fibonacci
relationships and trendlines by eyeballing the chart.
That's about it. Basically what I do on the spoo day trading except that I
run much small time frames 2m/9m/45m/d and I run some custom studies on
premium and breadth.
Ear
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