Friday, August 15, 2008
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Boon's Track Record
- Predicted Further Yen Trade 2
- Predicted Fed's Cluelessness
- Predicted Further Yen Trade
- Predicted Smart Money Trades
- Predicted Prechter's Flip-Flop
- Called Liquidity Driven Stupidity
- Predicted Soybeans' Surge
- Lost 0.0030 in EC
- Predicted Agri's Defiance
- Predicted Soybeans' Surge
- Predicted Energy's Defiance
- Precision Timing YM
- Made 47.49% in AD
- Made 140.74% in JY
- Made 40.51% in TY
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- Made 116.71% in TY
- Precision Timing NG
- Made 135.94% in Soybeans
- Made 33.45% in BP/JY
- Made 101.67% in Silver
- Called 14,100 Bull Trap in Oct 07
- Predicted US Recession in Sep 07
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About Me
- Boon
- S&P 500, Dow, Nasdaq, Gold, Silver, Wheat, Corn, Soybeans, Cotton, Sugar, Crude Oil, Natural Gas, US Dollar, Canadian Dollar, Australian Dollar, Swiss Frac, British Pound, euro FX, Japanese Yen, and US Treasury Notes.
8 comments:
Boon, I think see the inter-relationship between GC, JY, DXY. GC and JY are trading near their supports whereas DXY is trading at a resistence - am I right? But which timeframe should we look at for support of GC and JY, or other commodities in fact? At 200sma?
Also, if crude oil is to change it's current downtrend, would it be right to say that stocks in the crude oil business will also rebound? In which case, trading Options in these stocks is also an alternative to consider?
Thanks.
Hi, there. I am also interesting to know on which timeframe you will use since three (daily, weekly, monthly) different time frame did give different picture at the moment. Care to share? Thank you......
yvonne,
For gold options, the ticker name is "GLD". Swing movement is quite big each day..
Boon, when are you buying more commodities?
yvonne,
-- All the weekly and monthly charts were hitting a line where a bounce (on a weekly/montly basis, of course) tends to take place.
-- I am showing the charts to illustrate the "confluence" of technicals, as expressed above.
-- I have not paid much attention to Crude Oil. I will add to my position in Natural Gas before Crude Oil, if I may.
-- You can usually make more from the commodity itself than the stocks. This is a fact that has been proven in various studies.
-- Higher oil prices are inflationary. Inflation will distort corporate profits. Even if you are closely related to the Oil industry, it doesn't necessarily mean you will make proportionally more money. Petrol China is a very good example. Buffett was clever to have sold it near the top.
-- I prefer taking a position through futures, which allows me to hold on to for as long as I can. Options are for the speculators really.
cpo trader,
-- I don't look at them everyday.
-- If I do, I will go through all of them to find out which is the dominating one.
kris,
-- Natural Gas is likely to be the first that I will add. Let's see how cheap it is going to get.
Boon, thanks for your reply. But I have limited capital and the swings can be quite large - what is your advise?
Boon:
"-- If I do, I will go through all of them to find out which is the dominating one."
Care to share how you find out the dominating one?In fact, I tried to tune my mechanical system on trading some spot currency.What I did so far is to get the main signal from monthly chart, before proceed to choose my entry from the daily breakout system. However, I do found that the monthly signal sometimes not reliable especially when there is a big turning.
Anyway, my question might out of your discussion here as it seems charting is not the main thing for you. (correct me if I am wrong)
So, any advise for me? Thanks and highly appreciated. Cheers
yvonne,
-- Warren Buffett: "Risk comes from not knowing what you're doing."
-- Buying on margin that you cannot afford will expose yourself to insolvency when the markets move against you aggressively. If insolvency can be a problem for you, don't do it.
-- Invest for the long term. You can invest in an index fund or buying the physical.
boon, thanks.
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