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Thanks very much to both of you: yes, it helped a lot. I've gone long 2 Feb 08 cts and margined up my account with 14k so I'm covered if they fall from the 690s to the 630s. (I'm using the gold price equivalent - actually the Feb 08 cts are around 720.) If they did that, I actually think I would top...

PS: I'm still keen for someone to explain to me the difference between nearby and far-off futures contracts. The practical and profit/loss differences, when you trade them. For instance in gold right now you would buy a June 07 contract at something like the price of spot gold. However you'd buy a F...

Thanks for your welcome Edward. When I said "not many short-term traders" I meant "not many short-term gold traders". At least one gold guru (Enrico Orlandi) says that's the case, tho I haven't confirmed. I have a black box trading the eMini Russell for me: it makes about 5% a mo...

Thanks for that. I don't trade GLD, as I want the leverage of futures. Can you expand on: "Futures offer tremendous margin, which, when used over an extended period of time, can be quite detrimental, unless your trade is dead on." ? I'm interested to hear you're a short-term trader - one h...

I'm a share trader who's switching to gold futures. From the charts it's obvious that short-term trading is difficult because of gold's volatility. For me that means holding for at least a few months - fine by me. That could mean buying a far-out contract like Feb 08. That's fine too in principle - ...

Sorry for the repetition, but I need help with the Sheiner/OHLC method, if anyone knows it. I've paper-traded it on stock CFDs and on the ER2 (a la Sheiner himself), and have done no better than break even (total 52 trades). I've made a good career from short-term trading my own system of buying on ...

Sorry for the repetition, but I need help with the Sheiner/OHLC method, if anyone knows it. I've paper-traded it on stock CFDs and on the ER2 (a la Sheiner himself), and have done no better than break even (total 52 trades). I've made a good career from short-term trading my own system of buying on ...

I'm interested in the OHLC method Maurice Sheiner posted on TS in February. (MS has now vanished, and I don't have a TS account - which is why I'm here.) I'm not an experienced TA trader, so want to stick with the Sheiner basics. (Not interested in additions, extra indicators, etc at this stage.) Th...