Posts by "rkkashmir"

Final warning: Gold already pooped $3 to over 1120, will lead risk appetitie higher. There is no stopping the risk trade over the next EIGHT hours.

Cover euro shorts or risk getting run over by a freight train.

@PippedOff-why continue to short. Everyone, including Ashraf, is calling for higher eur prices (up to 1.3914. THAT'S ONE HUNDRED FORTY PIPS up from the current 1.3774 level. If euro approaches those levels, gbp/usd, aud.gbp and gold will continue to march progressively and exceedingly higher. usd/cad would drop 100 pips.

Again, why short? Go with the flow, or sit out until a better shorting opportunity unfolds, or some of this momentum ceases. But let's face it, every dip is bought.

Ashraf expecting the FOMC to be usdx supportive. However, this can come from significantly higher levels of eur. gbp, aud and gold. There still is an entire London session to go, and we all know how they love to grind for four hours in whatever direction things are going.

Again, why short? Even Ashraf is expecting higher euro prices.

Good Trading...

What do you mean by a Weatherman?

Anyone selling Gold at 1120?

Ashraf-do you have an updated target for cad/jpy? I am looking to short this pair above 85.00 here.

Thank you Frank. I just liquidated a sizeable aud/usd long at .8900 for an 88-pip gain. Market is gyrating too much (for large positions) at the moment. Looking to short gold at 1110. Don't know if it has enough steam to get there though.