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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
14 years ago
Jan 5, 2011 11:41
If you look at 60 min chart, 5 waves down from the high. The 5th prob needs a little more ret and another pop down to complete. Then a much larger ret before next drive down. Let's see if my read plays out :-)
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Jan 5, 2011 11:36
Gut and the channel ?
asad
London, UK
Posted Anonymously
14 years ago
Jan 5, 2011 11:24
Gunjack,

CL is a gift that's ready to give EVEN more! Fundamentals, dude!

Me targeting 85... *glee* :D


Asad


P.S. This one's straaaaaaaight from the gut! ;)
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Jan 4, 2011 21:30
Gold again kissed the 55DMA on the nail today. 5th time of testing since nov low. pattern on the 60 min chart suggestive of more downside after a minor ret.
Gunjack
London, UK
Posts: 1184
14 years ago
Jan 4, 2011 15:56
CL hits 89 again, have covered half of my remaining 90 buk puts...now left with 1/4 exposure in case it gets any lower...CL is the present that keeps on giving!!!!
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Jan 3, 2011 20:58
@said, NG is good for me. I have 78.6% ret at your 5.49 (5.499), 100% sym at 5.33 and 127% sym at 5.705
said
mulhouse, France
Posts: 2822
14 years ago
Jan 3, 2011 20:36
eh guys help me how to say natgas or gas natural
well anyway next target 5.49 5.60
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jan 3, 2011 17:01
On Gold & Aussie:

Aussie outperformed gold in past few weeks, and gold hadn't made new closing high since early Dec (depends on your data).

I posted the Gold/AUD chart in this Nov article (see link below) to pick the top (i was 1 week early) but my conclusion was not incorrect. I was expecting a broader pullback in gold (below 1320 USD ) but in fact that level held as a support. The rebound was a whole $100 but still failing to regain the Dec highs
http://www.ashraflaidi.com/articles/eurgbp-gold-aussie.asp

USD weakness may remain but best to play it vs CHF and Scandis rather than Aussie

Ashraf
Gunjack
London, UK
Posts: 1184
14 years ago
Jan 3, 2011 16:26
@DaveO I was joking about getting rid of Ignore, didn't realise he was so sensitive considering he does like to dish it out lol!!
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Jan 3, 2011 1:58
Gunjack, I was kiddin around with asad, you take it too seriously. I been trading CL my usual methodology for quite a few years. I doubt I will ever change. Mystery or magic are always good topics for some light wind-up.

On the subject of Ignore it would be a loss to this forum if he is serious about quitting. He and subway are two very experienced traders who make meaningful contributions. The forum is not over endowed with "experience".
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