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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 100
Posted: Feb 22, 2010 5:00
Comments: 100
Forum Topic:
Trading, Analysis (Technical/Fundamental)
Discuss Trading, Analysis (Technical/Fundamental)
All they know is they missed a $20 rally Gold, so they are desperately trying to get some. Of course, Johnny Come Lately will be left holding the bag. Gold now $5 off daily/weekly/monthly highs!
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nzvik thks
Rabih, Bear in mind EURUSD has respected its rebound all thoughout these 7 weeks.
Ashraf
Do you mean that the rebound is over for the EUR and GBP ???
http://traderfeed.blogspot.com/2010/02/midday-briefing-for-february-26th.html
Ashraf
Considered shorting at any point down to about 1115, but I missed my window.
As I write it's 1112.1. I think I'll sit it out and see what develops.
I suspect I won't be adding any positions before the close, and of course there may be news over the weekend, so we'll see how the open goes. I'd consider 1119 again, depending on price action if/when it gets there. However, if it looks like it is going to take off towards 1134 (see IMT at February 26, 2010 16:00 GMT), then I obviously need to think again!