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Posts by "eelman"
99 Posts Total by "eelman":
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Eelman
Maine, United States
Posts:
93
14 years ago
Feb 25, 2010 18:40
In Thread: Commodity FX (CAD AUD NZD NOK)
Pipped - From your posts I can tell that you and I think alike...this is a very short term trade. But when I see a bullish engulfing candle on the hourly it is usually good for some upside pips. It is working right now.
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Eelman
Maine, United States
Posts:
93
14 years ago
Feb 25, 2010 18:24
In Thread: Commodity FX (CAD AUD NZD NOK)
Bought audjpy for the ride back up.
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Eelman
Maine, United States
Posts:
93
14 years ago
Feb 25, 2010 17:55
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Just heard that the current news story is that China is interested in buying the gold being offered by the IMF. This is why the market reversed and is now soaring. So be careful with the shorts. One caveat is that the news source was Russian?
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Eelman
Maine, United States
Posts:
93
14 years ago
Feb 25, 2010 15:15
In Thread: Gold Catching Down with Euro
Looks like gold was just doing a gap fill from NY close yesterday...hit it almost exactly and started back down.
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Eelman
Maine, United States
Posts:
93
14 years ago
Feb 25, 2010 13:36
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Looks like that artificial/manipulated crude price is finally getting in line with everything else.
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Eelman
Maine, United States
Posts:
93
14 years ago
Feb 25, 2010 13:29
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
No gold is in a long term bull market and this is a corrective drop.
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Eelman
Maine, United States
Posts:
93
14 years ago
Feb 25, 2010 13:22
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Ashraf has been clearly saying that gold is in a bull market, and once it dips to 1000 - 900 it would be a big buying opportunity once again.
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Eelman
Maine, United States
Posts:
93
14 years ago
Feb 25, 2010 13:18
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Sorry.... 50 day sma for oil is more like 77 & 120 day sma is around 75.50
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Eelman
Maine , United States
Posted Anonymously
14 years ago
Feb 25, 2010 13:16
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Short oil and silver. To me oil seems way too high relative to the recent strength in the USD and weakness in gold. There has also been very significant inventory builds for 3 weeks now, yet on bearish reports the twisted logic has been to buy. I know distillates have been what "they say" is supportive of the oil price. Still it seems very odd that while gold has dropped from 1130 to 1090 and the dollar has been crushing the CAD, the price has been near 80? I think at least a short term target of around 75( which is right around the 50 day sma) is logical.
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Eelman
Maine, United States
Posts:
93
14 years ago
Feb 24, 2010 21:13
In Thread: Gold Catching Down with Euro
Looks to me like they absolutely intervene. Maybe the smaller moves are on speculation, but... that move back on Feb 5 is an example of the pressure the SNB can apply. There are other instances (if you look back) of massive pip moves in this pair, which usually trades in a very small range day to day.
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