Q: Can you track lost ipod touch when you are using the same apple ID as your iphone?

Yes if turned on the FindMyiPod feature in Settings>iCloud and wifi is on and connected. Go to iCloud, sign in and go to FindMyiPhone. Also see:

iCloud: Troubleshooting Find My iPhone, iPad, iPod touch, or Mac

Report to police and change the passwords for all accounts used on the iPod.

Apple will not hel