May commodity check

2022年5月4日

May commodity check:

GC1! GOLD
HG1! COPPER
SI1! SILVER
PA1! PALLADIUM
PL1! PLATINUM
ZC1! CORN
ZS1! SOYBEAN
LBS1! LUMBER
ZW1! WHEAT
CL1! OIL
NG1! GAS

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
tradingview.com/u/growerik/

2022年5月6日

ノート

Time to take chips off the Oil table. Oil is back up to resistance.

2022年5月7日

ノート

Gas long in the tooth technically. Good geopolitical news and it drops like a stone. Continued bad geopolitical news and it continues to go up then sideways then another leg up etc...

2022年5月7日

ノート

Commodities have historically been a risk asset. So be careful thinking they'll always go up after already going up so much already. With that said, it's all dependent on good or bad geopolitical news now. The China covid lockdown supply chain, Russia invasion war continues. But at least other factors like Quantitative tightening is helping reverse the macroeconomics.