I am one of a long line (apparently) of CFTR suckers. Having shelled out good money for his seminar and more good money on his daily "Signposts", I spent months trying to make sense of his buy and sell signals on the US commodity markets. Of course, this was to no avail and I gave it up as a bad job.
On the plus side, at least I didn't get blown away! I was nevertheless intrigued by these markets and set myself a research project to see if I could identify any TA sense in them, using the historic data I had printed out over those difficult months. I don't currently pay for data, I just use the Man Group free charts.
My conclusions SEEMED pretty clear in that the agricultural charts regularly displayed clear signals, particularly trend line breaks and reversals and consolidations that then continue in the direction of trend to a target position. This was notable (to this wet behind the ears novice) in the agriculturals - grains, foods, meats - but not nearly as notable in metals, energies or forex.
I then started to paper trade these from mid September with very encouraging results - 44% paper return on capital over six weeks or so on a hit rate of over 60%. I have just started doing it for real, with mixed results but I'm not even nearly dead - yet.
Fortunately I came upon your site the other day, and having spent some enjoyable hours browsing through it, I rapidly came to the conclusion that this could be a great source of help and support.
So, people, can any traders who are experienced and profiting in these markets offer any positive advice or sound sources of information to me?
If you tell me that cutting my wrists will be less painful and more positive, then that's fair enough.
Yours in hope.
Gumrepus
On the plus side, at least I didn't get blown away! I was nevertheless intrigued by these markets and set myself a research project to see if I could identify any TA sense in them, using the historic data I had printed out over those difficult months. I don't currently pay for data, I just use the Man Group free charts.
My conclusions SEEMED pretty clear in that the agricultural charts regularly displayed clear signals, particularly trend line breaks and reversals and consolidations that then continue in the direction of trend to a target position. This was notable (to this wet behind the ears novice) in the agriculturals - grains, foods, meats - but not nearly as notable in metals, energies or forex.
I then started to paper trade these from mid September with very encouraging results - 44% paper return on capital over six weeks or so on a hit rate of over 60%. I have just started doing it for real, with mixed results but I'm not even nearly dead - yet.
Fortunately I came upon your site the other day, and having spent some enjoyable hours browsing through it, I rapidly came to the conclusion that this could be a great source of help and support.
So, people, can any traders who are experienced and profiting in these markets offer any positive advice or sound sources of information to me?
If you tell me that cutting my wrists will be less painful and more positive, then that's fair enough.
Yours in hope.
Gumrepus
