Daily Trading Strategies on Gold/Forex

Discussion in 'Commodity Futures' started by Gold Trader, Jul 30, 2006.

  1. gold was up and reversed from weekly high.

    now my view on gold has changed to stay aside.

    gold trader
     
    #11     Aug 2, 2006
  2. i expected gold to be range trading, from there we could see a breakout today or in a couple of days.

    no bias at this moment. we would follow with the direction of breakout.

    good luck

    tradetowin
     
    #12     Aug 4, 2006
  3. what is "O" ???

    by the way ... the payroll numbers usually provide the "breakout"

    sometimes both ways in the same session !

    :p
     
    #13     Aug 4, 2006
  4. in technical analysis, trendlines are the simplest form of identifying the trend. by using other technical indicators in conjunction with trendlines, it increases the chance of staying in the right direction of the market most of the time.


    good luck!

    gold trader
     
    #14     Aug 6, 2006
  5. i believe gold would be going up a bit. so, for very short term

    long - 650
    stop - 645.5

    gold trader
     
    #15     Aug 7, 2006
  6. after i review current market, i believe my view on long is no longer valid.

    gold trader
     
    #16     Aug 7, 2006
  7. i think gold is becoming weak.

    short 648
    stop - 654

    gold trader
     
    #17     Aug 7, 2006
  8. currencies
    =======

    gbp/usd
    short - 1.9057
    stop- 1.9100

    eur/usd
    short-1.2828
    stop- 1.2870

    time: 23:00 BST

    gold trader
     
    #18     Aug 7, 2006
  9. short- gold, gbp/usd, eur/usd

    some techical indicators (the ones i use) are showing that gold is weakening.

    i still hold my view on gold to be on short side. it could be valid untill fed rate announcement, i believe. but i ignore the outcome of fed's rate decision whether it is increased or no change.

    i will also hold my view to short on gbp/usd and eur/usd.

    more strategies are posted on the web site. we would be going in short side or long side at predefined price levels.


    good luck

    gold trader
     
    #19     Aug 8, 2006
  10. XAU is just smashing ! But there has to be a way to get tighter spreads in the spot market, 0.6-.07 USD is just too much, imho.

    Where ( or through which broker) do the big guys trade Gold (spot) , anyone know ?

    I just can't believe they would pay those spreads - and the futures market is just not liquid enough....











     
    #20     Aug 8, 2006