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by Ashraf Laidi
Posted: Feb 23, 2010 18:53
Comments: 201
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This thread was started in response to the Article:

Gold Catching Down with Euro

Gold's record high vs. euro was a key signal in ensuring bearishness in both the currency & the metal against the US dollar. Forex & commodity traders must watch.
 
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Amiro
California, United States
Posts: 3
14 years ago
Mar 4, 2010 19:36
i'm sorry...i meant shorting from 129.00
Amiro
California, United States
Posts: 3
14 years ago
Mar 4, 2010 19:35
my equity and comfort level would allow me to go to 132.00 on aud/nzd...longing from 129.00...do u think this is still a good trade?...would it be better to close the trade and re-enter? your insight is appreciated
Desi
UK
Posts: 69
14 years ago
Mar 4, 2010 19:32
Ashraf, how long will this last ? will it retrace back down to test the lows first before coming back to these levels ?
Ashraf Laidi
UK
Posted Anonymously
14 years ago
Mar 4, 2010 19:29
hey guys; has the market convinced you that 1140 gold has held up? 1134 was the official resistance but i allowed for 1140 as the resistance for a confirmed break out. we did not get it. The Aussie Deja Vue rational frm Monday worked well. But the short AUDNZD hotchart no cooperating due to poor kiwi performance.

Ashraf
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 4, 2010 19:15
@chloe-I have built up a short position with an average price of 1129.9. I am keeping a few lots for the hopefully the large decline Ashraf and others have been predicting, and I am position trading the others to lock in profits and play the trading range.

Gold had that quick rebound off 1126 to 1133.5, where I reshorted the position lots. Right now I have a limit on the position lots to close at 1126.5, which I hope to hit in the asia session. However, if Gold is looking extremely shaky, I may lower the limit to close the position lots to 1121.9.

I currently have a 1089 limit to close the other lots. This is subject to change.
rrose
United States
Posted Anonymously
14 years ago
Mar 4, 2010 19:11
todd gordons call
rrose
United States
Posted Anonymously
14 years ago
Mar 4, 2010 19:08
pipster did you break even this morning on your aud/jpy short?
it might be a good 5 wave long
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 4, 2010 19:07
@Pipster - looking forward to sharing some wealth with you.

Zaron's 1150 almost hit yesterday as I was seeing it looking rather large in my front window. However, today is another day, and that 1150 is looking a bit smaller in the rear-view mirror
chloethebull
Posted Anonymously
14 years ago
Mar 4, 2010 19:05
@pippedoff, looks like gold is clinging to that support 1133 range..just need a news release to give it a nudge down....i see u resumed the short position..i too like to re-position my trades..but my current position is down except for the block @1136 ....did u add any extra when u resumed position?ok gl ttyl
Pipster
birmingham, UK
Posts: 111
14 years ago
Mar 4, 2010 18:34
Pipped i'm with you on this.
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