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Author: TheLucidDreamer Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 113  
Subject: Re: Commodity Investment Patterns... Date: 3/7/2001 1:05 AM
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The program I learned about 6 years ago was by The Ken Roberts Company...

The main chart patterns to learn are:

1. 1-2-3 top & bottom formations

2. 50% retracements


I liked the materials developed by the KR company...although I think it could be much cheaper.

http://www.kenroberts.com/

I invested in commodities back in January of 1995, and quickly doubled my meager $2100 investment in three weeks, off of Eurodollar contracts.

I got cocky, because I had also papertraded successfully beforehand, and I felt like the indestructible 21 yr old that I was...this led to my downfall, as I attempted too many trades at once, and got margined out when all the trades simultaneously dipped at once.

Ironically, all the trades went on to make money, just as planned, but due to my failure to follow my own rules, I was out of the market!

Options can also be played, with much less risk (and, therefore, less potential gain) in the commodities markets.

I will definitely get involved again soon, but I want to have $5000-10000 available that I absolutely do not care if I lose all of it...because that is the type of money you should be investing in commodities, as the risk/reward is high.

The methods of charting are conservative, and follow historical charting patterns that appear to have stood the test of time...the real test is to be able to have the balls to stick to the predetermined plan all the way through, through all the roller coaster dips.

More to follow, and I hope others join the discussion.


Dreamer

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