Who trades oil or gold?

[NickB]

I just wanted to see who trades oil or gold here. I started messing with oil trading a while back and slowly but surely it has started earning me a decent ammount of money.

Anybody else trading commodities? What strategy do you use? Do you trade them in the same way you trade Forex or do you trade them differently?

[SanMiguel]

I just wanted to see who trades oil or gold here. I started messing with oil trading a while back and slowly but surely it has started earning me a decent ammount of money.

Anybody else trading commodities? What strategy do you use? Do you trade them in the same way you trade Forex or do you trade them differently?

I only trade oil and gold on the daily chart. I used to trade gold intraday as well but changed a while back.
If you like trading oil then fine but it is a bit of a beast and has many spikes through levels, gold is a much more technically focused trade.
That said, you can just wait for the retraces in gold and buy it considering the fundamental outlook. You have to consider all the USD fundamentals as well given that the commodities are largely traded in USD.
Oil is heavily pit traded and as such the gap levels between days count for support and resistance also - you can view these on the US stock funds / ETFs or set your chart to US hours (NYMEX and COMEX have slightly different pit times).

[ZenaS]

I tried to trade oil but it is to random for me does anybody have a good strategy?

[PipJunkie]

Can't say it still works but old Rogan had a method a while back here is the link Zena http://www.forex4noobs.com/forums/f5...breakout-2200/

[KHC]

Thanks method look good is mr rogan still on here forum?

[SanMiguel]

Can't say it still works but old Rogan had a method a while back here is the link Zena http://www.forex4noobs.com/forums/f5...breakout-2200/

Don't go trading oil as a newbie, not only will the moves test your emotion, you need to know of much more fundamental stuff, geo political, etc.
Just use SR on the charts but SLs will have to be at least 50 pips, targets 100 for any trades.
I know people who day trade and say it is the best thing ever. Personally, I only swing trade it because the volatility is extremely high.
ALso, if you're going to use momentum based methods, you can't simply go long or short after 100 pips from the GMT open - that is not how professionals trade.

[SuperChick]

Oil is no fun I tried trading it but it has no underlaying logic it jumps too much with news.

[PipJunkie]

To any nebwie who is going to trade oil keep an eye out for the Crude Oil Inventories economic report released weekly on Wednesday and Thursday.

[matty]

Hi i have just started trading forex, i put $15 on and have been trading gold. I noticed that the price has been hovering between 1320 and 1340 for the past week so i have been waiting for the drops and buying then and closing at 1330 usually. I only trade small amounts to start and hoping to find a routine / trading strategy that will work for me.

[aponte219]

Which broker do you guys use for trading FUTURES/COMMODITIES?