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Robert Edwards

Robert Edwards
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  • Crude Oil And Natural Gas Could Bottom By The First Week Of April 2015 [View instapost]
    Thanks for posting Lefty. The simplicity and profundity of your message is commendable. You are correct that there is no need to try and guess when the turn occurs for both crude oil and nat gas. All one needs to do is watch for the turn and then to strike. We are living in interesting times indeed.
    Feb 28, 2015. 10:27 PM | Likes Like |Link to Comment
  • Gold, Crude Oil And Other Commodities Are Stabilizing [View instapost]
    One of my dearest followers, glaserdx, found this article on FCG that you might want to look at: Click http://seekingalpha.co...
    Feb 27, 2015. 01:47 PM | Likes Like |Link to Comment
  • The Gold Miners Have Probably Bottomed, Even If Gold Has Not! [View instapost]
    Like poker, in the markets you have a hot streak for several weeks where the 1% is easy to achieve, and then you hit a cold streak and nothing seems to work. Trying to still make 1% when markets are not performing as expected will cause losses and make things worse, so I no longer force things.

    However, I do try to make a certain amount per day, which if achieved 3 times in the week if one day I lose $50, and the other 2 days I break even, will usually get me that 1% target. If I can avoid the losing day, then I just need $50 for every $10,000 that I daytrade, on just 2 days per week. I try to make $50 per day per $10000 daytrading, which equals $250 per week if I hit all 5 days and was trading $10000. If I did this for an entire month, I would be up $1000 or 10%. On good months I can make $2000 on $10,000 which is 20% for the month. However, $400 earned for the month, a 4% return or about 1% per week, is a realistic goal, as I only have to make $50 per $10000 invested just 8 out of 20 trading days, or 40% of the time (2 times a week) and the other 3 days a week then I just have to break even. Taking each day by itself is the way to go. Each week try to make that $50 (per $10000) just on 2 of 5 days, and break even or don't trade hardly at all the other 3 days. Usually one can find 2 good trading days each week, but usually not more than 3.

    Regarding the indicators that I use for daytrading, I use several. You can email me directly and I will point you in the direction of where I have found success.
    Feb 22, 2015. 12:11 PM | 2 Likes Like |Link to Comment
  • The Gold Miners Have Probably Bottomed, Even If Gold Has Not! [View instapost]
    Volume figures are available in real time, but open interest figures are available but are often one day delayed. You can get them for most futures contracts at http://www.cme.com.
    Feb 22, 2015. 12:03 PM | Likes Like |Link to Comment
  • Gold Is Down But Not Out!  [View instapost]
    Looks like yield rising in bonds is causing gold to plummet. This guy wants to buy gold at 1200 for pop back to 1240, click http://cnb.cx/1LaGsj9#.
    Feb 17, 2015. 11:03 PM | Likes Like |Link to Comment
  • Gold Is Down But Not Out!  [View instapost]
    Bernard Stegmueller Jr is looking to catch a bounce in gold in the $1190 to $1195 area, click http://bit.ly/1LamqoM

    I went long April Gold today in the $1203.50 to $1204.50 area but sold out of all but one contract in the $1208s.
    Feb 17, 2015. 09:03 PM | Likes Like |Link to Comment
  • Gold And The Miners Should Bottom Shortly [View instapost]
    I accidently deleted my previous crude oil article, found here http://seekingalpha.co...

    Saving the link then l should be able to print and save it in the future.
    Feb 12, 2015. 04:58 PM | Likes Like |Link to Comment
  • Natural Gas And Triple Leveraged UGAZ Are Looking Cheap Again [View instapost]
    It is amazing to see natural gas at such low prices in the middle of winter. Traders are not concentrating on the current cold weather, but now looking at Spring warm weather just around the corner. Injections will begin again in about 4 to 6 weeks probably, so bearish sentiment is extremely high, with a great probability that natural gas goes lower between now and April.

    After we get to the middle of February, it will be hard to keep natural gas prices up, and we could nosedive to the $2 to $2.50 area. However, do not be surprised that we bottom by the first week of April, and with a warm summer and air conditioning season, we could be back to $3.50 by August.

    For several weeks, I have been recommending to traders who are long to liquidate if we break the $2.80 support level. The last two days we have closed decisively below that support level. Time to liquidate and wait for a bottoming pattern. None yet in sight. If natural gas falls to the $2.30 level or lower, I plan to buy some natural gas or UGAZ but will wait for a confirmed bottom to get involved.
    Feb 1, 2015. 12:57 PM | Likes Like |Link to Comment
  • Gold Is Showing No Real Signs Of Topping [View instapost]
    Gary Wagner is supportive of gold prices, here is his commentary from kitco.com, click http://bit.ly/1GOP68e
    Jan 24, 2015. 03:02 PM | Likes Like |Link to Comment
  • Gold Is Barreling Higher Towards $1300 To $1315 Resistance And Maybe A Lot Higher [View instapost]
    Here is another article directly on point, click http://seekingalpha.co...
    Jan 19, 2015. 03:00 AM | Likes Like |Link to Comment
  • Where Do I See Trading Opportunities In Early 2015? [View instapost]
    Next resistance level was 1239 which was taken out overnight. Much stronger resistance at 1250 and 1265 but for right now, will be hard to get gold to fall under 1220 in the near term on a correction. Bullish seasonal is being seen now between our New Year and the Chinese New Year.
    Jan 13, 2015. 07:19 AM | Likes Like |Link to Comment
  • Where Do I See Trading Opportunities In Early 2015? [View instapost]
    Here I am going to post a comment that should be helpful for those getting hurt by the current commodity smack down.

    Most of the time technical analysis works and is very helpful. Sometimes it is of no value and is actually harmful. Such is the current situation we find ourselves in. Right now, there is nothing but blood in the streets in the energy and commodity sector and it will probably get worse before it gets better. Logic or reasonable values have been tossed out the window. Right now the sentiment is extremely negative and until that changes there is little hope for recovery.

    Anyone currently experiencing severe losses needs to take actions to mitigate damages, which means to either balance JDST with JNUG or liquidate large leveraged losing positions completely on any small rally and especially on any further losses. Even if ones timing is off and even if selling turns out to be wrong, it is time to take action now. The markets need to start working and the situation improving dramatically, or the only reasonable action is to fold. Make trade decisions and don't look back. JDST and JNUG are triple leveraged along with UGAZ and they need to be dealt with now. Sooner is always better. Your first and early loss is always the smallest.

    If nat gas takes out 2.80 support, time to sell out 100% of UGAZ positions to avoid riding natural gas down to 2.50, 2.00 or lower.

    After getting out of leveraged ETFs then I would vow to either not trade them, or hold them no more than 1-3 days and try to sell the very moment support is broken and/or it starts hurting even a little.

    Stocks like RIG, CLF and others should be fine long-term and I would use remaining cash after loss sales are made to average down by buying more RIG etc., but not right now. We don't have the negative fundamentals of 2008, but we are getting the crash trading action of 2008 nonetheless. If and when we do bottom (not now) then there will be a time when buying opportunities will be great and you will be very happy you sold what you could at a loss even if you did not pick the most optimum time to sell. You preserved your account to trade another day. That is paramount.
    Jan 6, 2015. 02:41 PM | Likes Like |Link to Comment
  • Natural Gas Needs To Find Support Soon! [View instapost]
    They ran stops in natural gas under $2.90 and now natural gas is rallying towards $3.00. If it can move above $3.00 then we might have bottomed for awhile hopefully.
    Jan 2, 2015. 09:03 AM | Likes Like |Link to Comment
  • What Every Trader Must Understand Before They Trade Leveraged ETFs Like NUGT & DUST [View instapost]
    I am not on Stocktwits but probably should check it out. I will let you know if I get on.
    Dec 30, 2014. 12:56 PM | 1 Like Like |Link to Comment
  • First Day Of Winter & Colder Temperature Forecasts, So Why Did Natural Gas Hit New Yearly Lows Friday? [View instapost]
    With nat gas down from 3.80 to under 3.20 in just 3 days, nice to find at least one cohttp://seekingalpha.... bullish article, click
    Dec 22, 2014. 11:03 AM | Likes Like |Link to Comment
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