Australian (ASX) Stock Market Forum

Recent content by DaveTrade

  1. DaveTrade

    Dump it Here

    @Skate yes this photo is one of best I've seen. Do you know the location?
  2. DaveTrade

    Futures trading journal - GB

    @Gringotts Bank have you thought about trading options, it's the only thing that gives you a hard stop-loss. The other reason why I went to options is the leverage that you get more than compensates for any exchange rate loss.
  3. DaveTrade

    NYSE and the status of world markets

    Is a "Short Squeeze" Coming December 2nd? Stocks traded flat today as the market remained quiet during its shortened holiday session. The Dow, S&P, and Nasdaq Composite were mostly unchanged through noon. China lockdown concerns lingered, limiting the market's upside in response to a...
  4. DaveTrade

    Gold Price - Where is it heading?

    I agree with @InsvestoBoy that it's not showing strength on the monthly time frame, in fact I'm not seeing strength on the weekly or daily at the moment, I'm hoping that things may change by the weekend, we will see. @Sean K , the crypto people may be a bit gun shy and come into gold after it...
  5. DaveTrade

    Dump it Here

    @rcw1 I love the way that you express yourself, you sound like a hybrid between a philosopher and a poet. I'm a technical analytical type of person but I also love philosophy. I think that you wound be great company to have a drink with. Your doing it your way and your going deep with your...
  6. DaveTrade

    NYSE and the status of world markets

    November 21, 2022 | Michael Reilly It looks like the S&P 500 is running on fumes. One chart has signaled the beginning of the end for the last three rallies of 2022. The Bullish Percent Index of the S&P 500 offers a consolidated measure of the percentage of S&P 500 members trading on buy...
  7. DaveTrade

    Dump it Here

    @Skate your statement makes the point that a lot don't think about but to be more accurate, you know and I know that traders must focus on both 'when to get in' and 'when to stay out', they are two sides of the same coin. I know that you were highlighting the side that people tend to neglect but...
  8. DaveTrade

    Gold Price - Where is it heading?

    Hi @Telamelo , thanks for putting these up on the site, I like this guy, he has an understanding of how the markets move. GLD is moving down at the moment and I'm thinking this will continue for at least another two trading days. I'll be looking to see how it reacts to the support zone just...
  9. DaveTrade

    Thought for the day

    A persons aptitude for learning to trade the financial markets is directly related to their ability to know what they don't know.
  10. DaveTrade

    Gold Price - Where is it heading?

  11. DaveTrade

    Minimum limit for an AUS broker

    Hi @BMW , peter2 has made some good suggestions here, if you post your paper trades here then you will get some feedback from people with more experience which hopefully will speed your journey to success. You can also learn a lot online, as you have done already. I recommend Dr Barry Burns, he...
  12. DaveTrade

    Gold Price - Where is it heading?

    Here's one from the internet, still looks OK.
  13. DaveTrade

    Gold Price - Where is it heading?

    Currently GLD is moving up, priced in $US, but the $US is moving down in value thus helping GLD move up. The $AUS-$US pair is moving up so this will work against your long position in a GLD trade. Does anyone have a chart of Gold in Australian dollars to show us.
  14. DaveTrade

    NYSE and the status of world markets

    Stay with the market, see what is changing;
  15. DaveTrade

    Gold Price - Where is it heading?

    To follow up on my previous post on GLD, at this point I'm still bullish. As shown on the chart below I indicated that an aggressive trader could enter on Monday Nov 7th. I think that this move will probably go on to the resistance zone overhead between the 165-168 levels. A new uptrend has not...
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