Gold and USD (9-11-09)
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Thread: Gold and USD (9-11-09)

  1. #1
    Gold has shot up because the purchase of 200 tonnes of it from the Bank of India. I haven't seen a considerable drop in the price of USD however (yet). Currently USD/CHF is 1.017. I'm hoping it to split parity because of the aforementioned in the next few days. Just my 2c worth.

  2. #2
    I noticed the same thing concerning the USD reflection, making this latest record. Driven somewhat by the 200 MT buy, China has been loading up.
    The Indian buy was public though. Much goes on behind the scenes. However. Following the separation over 1050 we have to see sub 1000, together with support @ 1030. Just a thought.

    Gold up as of now $1.30

  3. #3
    I don't really think CHF is the currency to measure USD against. UBS got CDS exposure that's 6 times Swiss GDP so that they may be observed as exposed as UK and US. Gold is still a safe bet, it should keep hitting highs for a little while but be cautious the dollars you get if you sell it will probably be worth much much less than the dollars you bought it for.

  4. #4
    joyful trading time everyone. . .just wanna discuss my trading egy on place gold and oil(with brokers that supplying it!)
    On a daily chart foundation,I put aline on the high and low for all those 2 commodities....then put a buy stop and a sell stop,at the high and low price of this precedent day. . .plus 2 times the disperse;gold possess a 50 pips spread(odl) then entrance on a buystop at large price plus 100 pips....same for the sell stop. . .low price minus 100 pips for your entry.then you merely need to setup if you'd like some targets and trailing stops....personnaly I am using a tool which can managed the transaction at the moment the transaction is on,utilizing some trailings cease,trailing start attributes and breakeven worth using pips to breakeven...for being sure to leave the trade with aminimum of gain each time my goals are not full reached;I setup the transaction daily at the market close(gold and oil)4:00 pm eastern time(new york time) then look at it only the day after on the afternoon. . .targets should be the onesbut stoploss must be the difference in pips between the high and low price of your reference candle! . . .if the sell stop had been established...then I keep the buy stop and resetup a new sell stop order on the actual daily candle....inverse to get a buy stop triggered. . .both egy for both oil and place gold;I'm applying this egy for 3 months so far with 49 winning transactions and only 2 losses.... So delighted tarding time men!

  5. #5
    USD index is down 10% for the year and gold is up 50% during precisely the same period. Something is going on other than mere USD weakness.

  6. #6
    ....stoploss always equivalent value of the gap between the high-low of yesterday's candle;when the market stop is launched,then stoploss is going to function as high of the ref candle in addition to the disperse;if the candle of yesterday is 1400 pips long,then the stoploss is going to be 1400 pips 50 pips for the spread... for odl on spot gold and just apply same pattern onto oil! ;you can see my transactions of last week on the print display! Delighted trading time ! http://forums.babypips.com/images/smilies/biggrin.gif

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