Forum

Posts by "nzvik"

View Member Profile
263 Posts Total by "nzvik":
225 Posts by member
nzvik
(Auckland, New Zealand)
38 Posts by Anonymous "nzvik":
1...34567891011121314151617...27
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Mar 2, 2010 15:37
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
chloe - could go all the way to 1145 - gold is due for a $30+ move day. does it every 2- 3 weeks.
nzvik
New Zealand
Posted Anonymously
14 years ago
Mar 2, 2010 15:27
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
Himo, I am not really a gold expert - their are others in the forum who trade gold regularly and probably give you better advice.

Gold is at cross roads - could fail and go down and could also shoot up- though it is in an uptrend for the last week or so. I would suggest you do not trade gold till you have researched the charts and paper traded for atleast a month.
Good luck
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Mar 2, 2010 15:15
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
not in audnzd either - the call from Ashraf was sound and could still come around - but currently looking very strong. i learnt at the cost of a few hundred pips to never bet against the aussie in the last 10-12 months - just see the fate of EURAUD and GBPAUD - the technicals are constantly signalling a buy but trying to time a bounce is very hard
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Mar 2, 2010 15:07
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
no pipster - not in any gold trade - wish i was long though. i

gold should go to 1123-24 in the next hour - and if that holds, then getting out of shorts and turning long is a possible idea
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Mar 2, 2010 14:59
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
gold is in an uptrend now - break of early 1130s will send it further.
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Mar 1, 2010 23:22
In Thread: Commodity FX (CAD AUD NZD NOK)
Ashraf,

I think - no hike. Aussie will decline then.

If they do hike - then expect a shoot up to the 92s in the next 24hrs provided risk appetite remains strong.

no trade on the aussie at the moment for me - may enter after rate decision.
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Feb 26, 2010 19:29
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
mont - looks like you are on your journey to money - good luck - yes luck does play a part sometimes
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Feb 26, 2010 19:24
In Thread: Trading, Analysis (Technical/Fundamental)
this is some good reading
http://traderfeed.blogspot.com/2010/02/midday-briefing-for-february-26th.html
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Feb 26, 2010 18:38
In Thread: EUR
Xaron - how would one know when it is a short squeeze and when it is not ? I'd be keen to understand.

the rise to 1.3680 on the EUR had no follow through - dropped 80 pips in an hour and back to the dominant down trend.
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Feb 26, 2010 18:29
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
mont - keep at it with low leverage, the more you play and practice - the better you will get, and soon you will find your positions seem to be in the money more often than not. The other key is to build your expertise in one or max two instruments only, that restricts over trading.
trying to trade a number of currencies, commodities, index futures and stocks all at the same time is hard for the pros also.

only 30% of days are trend days - the rest play around the range wherein brokers make their living. you need totally different set ups to play the different types of days.

good luck
Report Reply
1...34567891011121314151617...27