I like 60 for the first test then I think 75 - 80 is there if it breaks over coming months. I'm long from 48 but looking to add in at 49 - 50 on any pullback. If it falls back below 48 again then I'm out.
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DislikedThe last few weeks have seen substantial sell-off on Iron Ore contracts and Aussie is looking interesting but thinks downside will be capped to that 77 ish area. Chart is IO futures and Aussie. Steel has yet to roll over if it will. {image} {image} {image} {image}Ignored
Disliked{quote} An important area for the EU, remaining short, no reason to get out yet. {image} {image}Ignored
Disliked{quote} Tasty hors d'euvre. And a quick sorbet. Now bring on the main course. {image} {image}Ignored
Dislikedhi guys, Gold Update: so far so good ,trade is moving in the expected direction. if this breaks 128x then we may have more down 1277-1272. Squak/Lalu/Scott: Squak nice charts on gold by you. Thanks for sharing those other charts you look prior to gold trade. I had been trading gold for almost a decade. The other chart i see for gold trade/direction is Gold/Silver Ratio . Its (gold and gold/silver ratio) is inversely co-related. Let me know if you want to see chart,i will share it. Nowadays trading gold is very risky ,its reacting a lot to fundamentals...Ignored
Disliked{quote} My feeling is that we're at an important juncture here since the main three I look at are lining up together Gold 1290ish, eu 1.17 ish, Dax12700ish. Break those levels and they probably run imv. Re gold, this my favourite gold stock and as you can see it's pretty accurate. They can work for each other when making decisions on one or the other. Eu/dax used to have a near perfect negative correlation which really helped make trade decisions but then all of a sudden it stopped working. I blame the Canadians and Trump of course. If it wasn't...Ignored
Disliked{quote} lol damnit me 2 Canadian. Well for co-relation theory its mostly on n off type. thats the reason i try to grab as much i can of that daily gold move.Ignored
DislikedSquawk: i see that you are expert in AU n NU . Any trade plan for today's NZD cash rate? https://www.tradingview.com/x/FRMcsKx7/ {image}Ignored
Disliked{quote} Maybe Scott. I've been in this trade for too long now let's hope it goes this time. The gain this year seems to be overstretched but honestly thought it would be a faster rebound. 2 weeks and counting now. {image} {image}Ignored