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High velocity trading

  • #281
  • Sep 18, 2011 5:42am Sep 18, 2011 5:42am
Ok, just to repeat the weekly trade setups, so that everyone can see them here.

Setups for new trading week

 

  2. AUD USD SHORT SELL @ 0347 SL 0387 TP 0237
  3. XAU USD SHORT SELL @ 1797 SL 1824 TP1 1737 TP2 1703
  4. USD CAD LONG @ 9740-9760 SL 25 PIPS TP 1.000 (need H1,H4 reversal candle in the 40-60 zone)
  5. AUD CAD SHORT SELL @ 0106 SL 25 PIPS TP 9917
  6. EUR USD SHORT SELL @ 3727 SL 30 PIPS TP 3533
  7. EUR JPY SHORT SELL @ 105.37 SL 35 PIPS TP 104.19
  8. EUR GBP SHORT SELL @ 8687 SL 35 TP 8568
  9. GBP USD SHORT SELL @ 5747 SL 35 TP 5533

  • #282
  • Sep 19, 2011 2:18am Sep 19, 2011 2:18am
Freaking gap spoiled the whole plan ... almost.

Now majors rallying to try and close the gap. That's when I plan to come in and short sell the hell out of em (AU, EU,GU).

Now patience is required.
  • #283
  • Sep 19, 2011 2:26am Sep 19, 2011 2:26am
http://img641.imageshack.us/img641/5...dx19092011.png

Now also need to monitor the dollar and see how it reacts @ area of technical confluence. I'd like to see a sharp rebound there, and that will signal shorts on EU, GU, AU.
  • #284
  • Sep 19, 2011 3:02am Sep 19, 2011 3:02am
sold GU, EU, AU upon rejection (see H1 candle close). SL recent high +20.
  • #285
  • Sep 19, 2011 3:05am Sep 19, 2011 3:05am
Quoting ruffryders
sold GU, EU, AU upon rejection (see H1 candle close). SL recent high +20.
got out. need to wait for USDX test of WP. damn.
  • #286
  • Sep 19, 2011 3:13am Sep 19, 2011 3:13am
XAU USD update gameplan.

still looking to short sell the mofo.

http://img847.imageshack.us/img847/4...3019092011.png
  • #287
  • Sep 19, 2011 3:56am Sep 19, 2011 3:56am
ok sold now (EU, AU).
  • #288
  • Sep 19, 2011 4:09am Sep 19, 2011 4:09am
sold GU as well
  • #289
  • Sep 19, 2011 4:43am Sep 19, 2011 4:43am
Quoting ruffryders
sold GU, EU, AU upon rejection (see H1 candle close). SL recent high +20.
still short at same place
will close be if it goes up
good trading week
Attached Image (click to enlarge)
Click to Enlarge Name: r.png Size: 15 KB
  • #290
  • Sep 19, 2011 5:04am Sep 19, 2011 5:04am
I close EU and AU and GU with 38 pips loss.
This adds up to 67 pips loss, since I did enter twice.

For today that's all on EU and GU - I'm tired of this price action now. It gapped right through my pending orders, and it sucks.

I also close EJ for 48 pips profit and AUD CAD for 62 pips profit.

Overall an almost breakeven day and feel very bad about it - the analysis was correct, however instead of making 300-500 pips across the projected trades, I end up the day with breakeven.

Guess the bottomline is: we live to fight another day!
  • #291
  • Sep 19, 2011 5:59am Sep 19, 2011 5:59am
Good clear thred... obviously know your stuff... Look forward to having a good browse..
  • #292
  • Sep 19, 2011 6:05am Sep 19, 2011 6:05am
Ok. Final deal for today. Bought EUR GBP @ 8685 SL 15 pips TP + 85 pips.
  • #293
  • Sep 19, 2011 6:08am Sep 19, 2011 6:08am
Quoting ruffryders
Ok. Final deal for today. Bought EUR GBP @ 8685 SL 15 pips TP + 85 pips.
http://img821.imageshack.us/img821/9...bp19092011.png

Reason for the trade: H1 reversal stick @ the technical confluence area (WP and TL confluence).
  • #294
  • Sep 19, 2011 6:12am Sep 19, 2011 6:12am
Quoting danc
Good clear thred... obviously know your stuff... Look forward to having a good browse..
Thanks man, now just to deliver those pips. Gotta be patient and keep faith.
  • #295
  • Sep 19, 2011 6:38am Sep 19, 2011 6:38am
http://img10.imageshack.us/img10/9400/ejh119092011.png

Might also consider EURJPY long trade. Looks like PA reached strong support level and will reverse here. I will wait for an H1 green reversal confirmation candle before going long. I'd like to see this trade confirmed either by EU or JY price action though, which I don't see right now.
  • #296
  • Sep 19, 2011 7:03am Sep 19, 2011 7:03am
Quoting ruffryders
http://img821.imageshack.us/img821/9...bp19092011.png

Reason for the trade: H1 reversal stick @ the technical confluence area (WP and TL confluence).
ok, price action is playing mind games, but gotta have faith.
  • #297
  • Sep 19, 2011 7:11am Sep 19, 2011 7:11am
Quoting ruffryders
ok, price action is playing mind games, but gotta have faith.
out with -10 I guess totally not my day today.
However not much harm done, was a tight SL anyway.

Looks like EU won't hold at current levels, but I'm staying aside now - better entry points are way past the current price anyway.
  • #298
  • Sep 19, 2011 7:12am Sep 19, 2011 7:12am
Quoting ruffryders
XAU USD update gameplan.

still looking to short sell the mofo.

http://img847.imageshack.us/img847/4...3019092011.png
Now this is the only worthy setup I got left of the whole pack, I'm still watching for a clean break of the highlighted area to go short on Gold.
  • #299
  • Sep 19, 2011 7:43am Sep 19, 2011 7:43am
ok I'm flat, give or take, I got myself a headache today doing trading, so see you guys tmrw, looking forward to much better trading now.
  • #300
  • Sep 19, 2011 9:03am Sep 19, 2011 9:03am
Quoting ruffryders
ok I'm flat, give or take, I got myself a headache today doing trading, so see you guys tmrw, looking forward to much better trading now.
good luck for tomorrow ruffry, sure you will take back..
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