Hey all, I have a few different methods of trading. I love to daytrade the CL, the spread is tight, the moves are "tight" in the sense that the choppiness relative to the directional move is low, and it is very liquid. I love to trade other commodities and financial futures. For instance, at this moment I am long KC and am loving my trade, I am also long something that i am fundamentally extremely bearish on and that's the ZN. However, I purchased it before the employment news at 122'110 and doubled my position after the huge positive reaction at 123'230. I merely mention the prices on the ZN because it is a prime example of the types of setups i use buying my main trading vehicle, gold or the ZG. Gold is my cash cow, it is the instrument i have used to make 85% of my profits. I basically consider silver as a corollary and consider them one and the same. The same tactics used on gold can be used on silver, although perhaps not at the exact same time. The same setups for trades work on both. I use gold more than silver because it is more liquid and solid of a trading vehicle. In fact, the same setups should work on everything, although i've had trouble with them in the stock market and with certain instruments like ZS and ZW. Anyways, this is medium term trading or swing trading. I find a few true setups per year that work properly and that i can pyramid on the way up for great gains. Most of the time, the setups will turn into losses or out at no gain after going up (or down) $20-$30 per ounce. The losses i take on the ones that don't work and i don't get out even, are typically extremely small relative to the potential profits. I will never take more than about a $10 loss in today's trading levels, per contract. All in all, I would say I make about 1 gold trade per month, sometimes more sometimes less, but around that average per year. So, basically, this is a journal, but a long term one. I will make mention of my other trades (not the CL daytrading ones, go to CL redux to see that), but the gold trades should be center stage. Since it is a low frequency journal, i figure that anyone who comes here can use this board to talk about the general direction of gold and the potential setups. Let's begin!