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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 8, 2011 15:10
Yep I have often clarified I trade mainly futures except forex cash. Symbol for gold YG, silver YI
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 8, 2011 15:09
ie. which month and which exchange?..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 8, 2011 15:08
dave.. now i understand why we speak different language:-)

XAUUSD is my basis so is Cat's.. what's yours?
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 8, 2011 15:01
jacek, gold futures hit 1718 today ! I work with futures, spot might be slighly different but only minimal.

Reaction from that target level calls for stand aside now and watch. If the ret is shallow and it takes back the high I will re-enter long again. Scalp plays could be considered on the short side if a set-up presents itself but higher trend is still up until proven otherwise. This is how I trade. 3rd unit was taken off at the 1715.5 basis futures.

I don't recognise your 123.6% ext, nor your low to high btw. I am still reading this move from the 1478.5 low as a W.3 in progress, perhaps finished. gl & gt.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 8, 2011 14:57
Cat.. what's a short option? put, short call or something more exotic?..
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Aug 8, 2011 14:51
as I predicted gold drops now with liquidity crunch . If no QE3 XAUUSD will fall by 300 USD
my meanwhile 30000 put options will do very well as they price volatility
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 8, 2011 14:50
ah.. is that your target now:-) i guess mine was 1715.. and yours still has to be hit then:-)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 8, 2011 14:44
ref AL comment.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 8, 2011 14:43
Meanwhile silver trecks sideways for 16 trading days while gold makes my 1716 target :-)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 8, 2011 13:59
hey dave.. i ve been patient.. but iching now the target hit.. which way n ow? 1770 or 1570?
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