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High velocity trading

  • #161
  • Sep 7, 2011 12:40am Sep 7, 2011 12:40am
EU gameplan.

http://img84.imageshack.us/img84/2003/eugameplan.png
  • #162
  • Sep 7, 2011 12:42am Sep 7, 2011 12:42am
next stop on gold, after 1835 is cleared is 1780, which is MP.
  • #163
  • Sep 7, 2011 1:09am Sep 7, 2011 1:09am
XAU USD (gold) gameplan:

http://img225.imageshack.us/img225/9...sdgameplan.png
  • #164
  • Edited 1:47am Sep 7, 2011 1:25am | Edited 1:47am
Today's NN EU GU High/Low forecast.

GU HIGH 1.6069 LOW 1.5860

EU HIGH 1.4144 LOW 1.3880
  • #165
  • Sep 7, 2011 1:26am Sep 7, 2011 1:26am
Quick market GU and EU update.

I'm buying @ 6007 and 4107.
  • #166
  • Sep 7, 2011 3:22am Sep 7, 2011 3:22am
Quick EU update:

Reversing short once M30 candle closes upon rejection of mid pivot (WP MP).
  • #167
  • Sep 7, 2011 3:50am Sep 7, 2011 3:50am
EU waiting for H1 to close and short sell. SL @ previous high.
  • #168
  • Sep 7, 2011 4:36am Sep 7, 2011 4:36am
Quoting ruffryders
Today's NN EU GU High/Low forecast.

GU HIGH 1.6069 LOW 1.5860

EU HIGH 1.4144 LOW 1.3880

The reason that I reversed short on EU is that Daily NN High was printed already, and BRENT seems to have met strong resistance and now rejected and going lower.
  • #169
  • Sep 7, 2011 9:58pm Sep 7, 2011 9:58pm
http://img687.imageshack.us/img687/6...011targets.png

Here's a quick GU H4 chart. Next up is 5780 and then probably we will reach 5560 soon afterwards.
Target on downside can be calculated using AMR, current price is 5950, 280 points to go still, so it's 5670 is a fair target this month, 5560 is an extreme case, however very possible. Once we bottom out around 5500-5600 area it might be a good time to reload LONG.

EU I'd think fair to say will reach 3500 near-term.
  • #170
  • Sep 7, 2011 10:04pm Sep 7, 2011 10:04pm
Quoting ruffryders
http://img687.imageshack.us/img687/6...011targets.png

Here's a quick GU H4 chart. Next up is 5780 and then probably we will reach 5560 soon afterwards.
Target on downside can be calculated using AMR, current price is 5950, 280 points to go still, so it's 5670 is a fair target this month, 5560 is an extreme case, however very possible. Once we bottom out around 5500-5600 area it might be a good time to reload LONG.

EU I'd think fair to say will reach 3500 near-term.
hi ruffry what is amr?
  • #171
  • Edited 10:39pm Sep 7, 2011 10:31pm | Edited 10:39pm
Today's High/Low forecast on EU:

HIGH 1.4159 LOW 1.3880


Today's High/Low forecast on GU:

HIGH 1.6176 LOW 1.5953


AMR is average monthly range.
  • #172
  • Sep 7, 2011 10:38pm Sep 7, 2011 10:38pm
Basically, based on above data, I'd look to sell high, since we are below MP/WP and in obvious channel structure, which is also downwards sloping, so downside all the way, until we hit some strong support, which I don't see just yet on GU/EU.
  • #173
  • Sep 7, 2011 10:53pm Sep 7, 2011 10:53pm
EU gameplan for today

http://img718.imageshack.us/img718/226/eugameplan08.png
  • #174
  • Sep 7, 2011 10:57pm Sep 7, 2011 10:57pm
XAU USD gameplan for today

http://img691.imageshack.us/img691/3...gameplan08.png
  • #175
  • Sep 7, 2011 11:07pm Sep 7, 2011 11:07pm
http://img684.imageshack.us/img684/65/usdxh4.png

Looking @ H4 USDX chart, we can see that dollar is pretty comfortable above MP and WP, in fact, H4 strong reversal stick @ MR1 and then green stick above MR1 with a long wick, indicating that upside momentum might be building up and that we are looking to take out the recent high soon.
  • #176
  • Sep 7, 2011 11:09pm Sep 7, 2011 11:09pm
http://img12.imageshack.us/img12/8687/usdxh4plan.png

Here's the same deal but a graphic representation.

here's the actual forecast based on H1 price action on USDX

http://img37.imageshack.us/img37/289...forecasted.png
  • #177
  • Sep 7, 2011 11:17pm Sep 7, 2011 11:17pm
Here's the proposed GU gameplan for today

http://img844.imageshack.us/img844/1420/gu08plan.png
  • #178
  • Sep 7, 2011 11:19pm Sep 7, 2011 11:19pm
GU before going long, according to the previous post, I would want to see a TL break, as indicated on this chart.

http://img850.imageshack.us/img850/1850/guh4tl08.png
  • #179
  • Sep 7, 2011 11:23pm Sep 7, 2011 11:23pm
http://img851.imageshack.us/img851/9836/eutlbreak08.png

Likewise EU need a TL break, to initiate a long trade now. Once highs for the day are reached I will reverse short.
  • #180
  • Sep 8, 2011 4:43am Sep 8, 2011 4:43am
thanks
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