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Robert Edwards

Robert Edwards
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  • Where Are Natural Gas And Crude Oil Going Now? [View instapost]
    Found this article about the US/Iran agreement that is bullish oil on any dips, click http://seekingalpha.co...
    Mar 30, 2015. 03:10 PM | Likes Like |Link to Comment
  • Update On Natural Gas, Crude Oil & Gold [View instapost]
    If you missed catching the low prices of DGAZ when nat gas was stronger today, u might want to wait until Monday and wait for a pop in nat gas towards 2.90 and then buy your DGAZ
    Mar 20, 2015. 03:55 PM | Likes Like |Link to Comment
  • Update On Natural Gas, Crude Oil & Gold [View instapost]
    I only play short-term and short-term it is oversold and due for a bounce that we are starting to get maybe. In the long-term we are all dead.
    Mar 20, 2015. 03:54 PM | Likes Like |Link to Comment
  • Update On Natural Gas, Crude Oil & Gold [View instapost]
    Not a prophet but an intuitive. Using your intuition, you can indeed learn to predict the future. That is what I try to do, in order to give myself a road map so I can see if I am on the right road (and continue doing the trades that are working) or see that we have made a detour (and change my trades to accommodate the new path we are now traveling). Thanks anyway for the compliment. It feels good when everything is clicking and the market is unfolding as one expects. Only if it was always this easy!
    Mar 20, 2015. 12:46 PM | Likes Like |Link to Comment
  • Exciting Trading Prospects Upcoming In Natural Gas, Crude Oil And Gold [View instapost]
    When the US Dollar tops out, the Canadian Dollar, gold, and crude oil could be great places to be. That dollar top could happen as early as 4 weeks from now, or at least we might get a short-term top and correction, allowing buyers of commodities and commodity currencies (Australian & Canadian Dollars & Yen) to rally from their lows.

    The US Dollar has resistance at $102 and $105 that should be formidable, and again t $110, & $112, not to mention the major resistance at the 2002 top at $120. US Dollar should top soon or at least slow down and have some corrections soon surely. A true bull market in the US Dollar would be a grind higher, 2 steps up and 1 step down. The US Dollar is screaming straight up, going parabolic. That is what you have during bearish shortcovering rallies. The US Dollar is very bearish long-term and from the Sept. 1985 high of $160, and the 2002 high of $120, the next high should be lower still, at maybe $105 or $110, before the down move reasserts itself. Look at US Debt levels. Nothing bullish about our currency or economy that has to borrow so much to sustain itself. When and if interest rates rise, paying interest on our bonds will sap up all our financial energy and steal money from everything else. Our country is set up as one large Ponzi scheme. Social Security system is a Ponzi scheme and so is the way we do our annual budget. Not sustainable long-term, but could go on another 10, 20, 30 or maybe 50 years before it all crashes down. I am 59 and not likely to crash during my lifetime but feel sorry for your kids!
    Mar 14, 2015. 06:32 PM | Likes Like |Link to Comment
  • Exciting Trading Prospects Upcoming In Natural Gas, Crude Oil And Gold [View instapost]
    I should mention that this past week, gold was down 1% with silver down over 2%. Platinum is now trading $40 below the price of gold which is a real rarity. Gold has held up better than the other metals and I expect for that to continue. The action in the last couple days is not inspiring for gold bulls, so I got flat on Friday's late small bounce. I like scalping from the long side, but with all of the negative chart action, I am not interested in holding long positions as we move lower and lower. I am utilizing any and all rallies to take profits, and most days I do not hold overnight unless I want to sell overnight in Asian or European strength.

    Gold is weakest in New York so I usually sell out on any strength that comes overnight. However, I like getting long using the New York weakness to get me great prices. Playing very small, catching the proverbial "falling knife" but should be able to trade larger size on further weakness.
    Mar 14, 2015. 04:31 PM | Likes Like |Link to Comment
  • Despite Friday's Breakout, The US Dollar Is About To Hit Formidable Resistance [View instapost]
    When rates are increased, usually they raise several times at consecutive fed meetings. I am saying that the long-term trend is down, the intermediate trend is up and for now, the short-term trend is up but about to hit resistance and turn down. Short-term, overvalued and need to correct down.
    Mar 9, 2015. 08:51 AM | Likes Like |Link to Comment
  • 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
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