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High velocity trading

  • #121
  • Aug 26, 2011 3:13am Aug 26, 2011 3:13am
Quoting riko2705
have a good weekend
pending short 6290.
got comment?
http://img833.imageshack.us/img833/1317/guh1map.png

Bro gotta be open to both scenarios, however I do agree that downside is more favorable now. Hover, please note that 6222 is monthly pivot, and also weekly range on GU is almost out (60 pips left of downside).

The thing is way below weekly pivot, weekly range is almost out, and close to monthly pivot. This means that gotta be open-minded and careful.

hope that helps
  • #122
  • Aug 26, 2011 3:19am Aug 26, 2011 3:19am
And I don't like that price level on the short. I would wait for some clean break of stronger level, your level is kinda range bound really.
  • #123
  • Aug 26, 2011 3:19am Aug 26, 2011 3:19am
Quoting ruffryders
http://img833.imageshack.us/img833/1317/guh1map.png

Bro gotta be open to both scenarios, however I do agree that downside is more favorable now. Hover, please note that 6222 is monthly pivot, and also weekly range on GU is almost out (60 pips left of downside).

The thing is way below weekly pivot, weekly range is almost out, and close to monthly pivot. This means that gotta be open-minded and careful.

hope that helps
thanks
  • #124
  • Aug 26, 2011 3:41am Aug 26, 2011 3:41am
I think GU might want to challenge WP @ 6450 actually looking @ PA now.
  • #125
  • Aug 26, 2011 3:43am Aug 26, 2011 3:43am
Also looking @ GBP CAD one will see the same picture. PA built a base @ MR2 @ 6050 and looks like it wants to test 6240 (current price is 6101)
  • #126
  • Aug 26, 2011 3:48am Aug 26, 2011 3:48am
http://img153.imageshack.us/img153/2969/usdxh1dbl.png

USDX H1 downwards sloping channel and DBL top, suggests that dollar might have a slippery ride today, resulting in higher GU and GCAD. lets see, could be tricky.
  • #127
  • Aug 26, 2011 4:01am Aug 26, 2011 4:01am
here's the support for GJ short - the yen H1 chart. check it out, I like that PA.

http://img64.imageshack.us/img64/738/yenh1.png
  • #128
  • Aug 26, 2011 4:02am Aug 26, 2011 4:02am
Expect GJ to move another 100+ pips, once yen starts the ascent.
  • #129
  • Aug 26, 2011 4:55am Aug 26, 2011 4:55am
thanks for the charts ruffry, very appreciated...
g/u not triggered(seems ı was lucky)...
done for the week...
have a nice weekend
  • #130
  • Aug 26, 2011 4:56am Aug 26, 2011 4:56am
no problem Riko, have a good one too mate!
  • #131
  • Aug 26, 2011 11:55am Aug 26, 2011 11:55am
sold GU @ current 6340 SL 20 TP 6180, current up-move is just ridiculous and can not be sustained for long for sure.
  • #132
  • Edited 6:53am Aug 27, 2011 5:57am | Edited 6:53am
New week GU High/Low NN forecast:

HIGH 1.6660 LOW 1.6300

Daily GU High/Low NN for Monday:

High 1.6456 LOW 1.6307



Daily EU High/Low NN for Monday:

HIGH 1.4557LOW 1.4308
  • #133
  • Aug 27, 2011 6:57am Aug 27, 2011 6:57am
Supplementary to the previous post a chart on euro is in place.

http://img845.imageshack.us/img845/5...aystrategy.png
  • #134
  • Aug 27, 2011 7:03am Aug 27, 2011 7:03am
...and a chart on GU with suggested trading strategy.

http://img685.imageshack.us/img685/8...aystrategy.png
  • #135
  • Aug 27, 2011 2:28pm Aug 27, 2011 2:28pm
XAU USD (gold) been pretty popular lately, so here's my take on it. I expect some correction to 1740 levels, before any further strength will pick pace.

http://img691.imageshack.us/img691/1...dtechnical.png
  • #136
  • Aug 28, 2011 3:37am Aug 28, 2011 3:37am
GU H3 UPDATE

http://img689.imageshack.us/img689/7...endaug2011.png
  • #137
  • Aug 29, 2011 1:18am Aug 29, 2011 1:18am
nice charts, thanks...
have a good trading week..
  • #138
  • Aug 29, 2011 4:17am Aug 29, 2011 4:17am
yeah I sold gold and it went almost according to the forecast, made ok, even though during asian the spread is a more than decent 1000 points.
  • #139
  • Edited 10:27am Aug 29, 2011 10:00am | Edited 10:27am
did you trade gbp /cad?
hit target 6060 and more.....
  • #140
  • Aug 29, 2011 10:27am Aug 29, 2011 10:27am
any comment gbp/chf?
thanks
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