Gold calls.Long term -medium term and intraday calls in gold is here !.

[rodin]

short stop 782

edit

stop 780

edit cover 777 seems ST floor

 

[55mph]

Best is to stay flat as there is so much volatility past 2 days. Wait to see if a trend establishes and jump in if you have time. A cut should be good for gold but I expect Fed to stay put so wording on outlook will be key to gold's next move

a fed cut would signal a weak dollar. no cut, the dollar firms and gold goes down.

i don't think we see a cut today. it would add to speculation that the financial system is tettering on the brink. then again, i am often wrong.

 

[sujithsstorock]

sujith, i'm still short from 768. How would i trade the fed cut?

stop loss?

hope for u only if 773 $ breached below. keep strict stop at 885.5 $


edit


its 785.5 $

 

[rodin]

Next short at 779 coming up

778.5 stop 779.5

sell triggered but no momentum

flat for even not interested

 

[artful_dodger]

You mean 785.5?

hope for u only if 773 $ breached below. keep strict stop at 885.5 $

 

[rodin]

hope for u only if 773 $ breached below. keep strict stop at 885.5 $

785.5? :|:innocent:cry::clover:

 

[55mph]

785.5? :|:innocent:cry::clover:

suji, you're not too bearish. from my perspective, gold is being held up with tooth picks .

global financial panic is in the air and gold is 780. Investors had two days to express their commitment to gold.

 

[cly_evo]

Any target for tonite?

I bet some "BIGs" are watching this forum....I was going to set my stoploss @784, it flased 784.5, luckily I had not pressed my enter button.:whistling

they might hear u, carefull... we are suppose to be discreet or they go against ur trade... j.k ahha

 

[rodin]

What time is rate call?

 

[bbillcee]

215 eastern time gmt -5 i think

 

[Eyeskating]

they might hear u, carefull... we are suppose to be discreet or they go against ur trade... j.k ahha

Suji, we should use MSN, Yahoo IM, ICQ...whatever instead

 

[rodin]

215 eastern time gmt -5 i think

7.15 UK time then we are 5 hours ahead about 50 weeks in year. GMT is one hour away from BST (British Summer Time) I never remember which way

 

[rodin]

they might hear u, carefull... we are suppose to be discreet or they go against ur trade... j.k ahha

You must joke if you think big fish look at us small fry

 

[artful_dodger]

Wondering whether to set up a couple of limit orders for long or short positions.

 

[rodin]

I just bet £20 that oil ends higher today currently down $4 and change trading stops 7.30 UK time

15 mins after rate cut...

odds are currently at maximum because of small delta

50:1

£40 to make £1000 :whistling

 

[rodin]

I now think the low is in for gold 60/40 BTW

 

[artful_dodger]

Hmm..one last tail whip to shake out longs?

The market is rising as if it thinks the rate cut is odds on.

 

[yvij]

Hi Guys,

I've just gone long on Gold at 779.

Fed expecting to cut interest rates in next 40 mins.

This should push gold higher.

Stop placed just below todays low.

 

[mikeSG]

I just bet £20 that oil ends higher today currently down $4 and change trading stops 7.30 UK time

15 mins after rate cut...

odds are currently at maximum because of small delta

50:1

£40 to make £1000 :whistling

Crude Oil Futures Drop to 7-Month Lows, Could Fall Further

daily fx don't seem to think so.

 

[rodin]

Crude Oil Futures Drop to 7-Month Lows, Could Fall Further

daily fx don't seem to think so.

neither do I but less than $5 away and an emergency rate cut coming and no way 50:1

edit

doubled £20 bet to £40