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High velocity trading

  • #361
  • Sep 22, 2011 4:00am Sep 22, 2011 4:00am
Updated XAU USD H4 chart

Short sell below highlighted area.

http://img12.imageshack.us/img12/503...h422092011.png
  • #362
  • Sep 22, 2011 4:31am Sep 22, 2011 4:31am
http://img225.imageshack.us/img225/7043/brentdaily.png

BRENT D1 chart. As forecasted over weekend, BRENT is on the way to 100. WHile it's going down, I can't expect currencies to rebound.Surely BRENT will drag gold down with it.
  • #363
  • Sep 22, 2011 4:38am Sep 22, 2011 4:38am
http://img69.imageshack.us/img69/1849/guw122092011.png

GU W1 chart. Very important zones highlighted. PA will decide the outcome very soon. If 5300-5380 fails, PA will go lower to 1.46-1.48 area.
  • #364
  • Sep 22, 2011 4:54am Sep 22, 2011 4:54am
Great stuff Ruff R.. so much to take on board..usdcad i will copy and watch on my plat form..
  • #365
  • Sep 22, 2011 4:57am Sep 22, 2011 4:57am
Quoting danc
Great stuff Ruff R.. so much to take on board..usdcad i will copy and watch on my plat form..
Blduy hell more..u make my head spin..
  • #366
  • Sep 22, 2011 5:19am Sep 22, 2011 5:19am
Quote
Here are USDCAD quarterly levels:

1.0350R3
1.0131R2
0.9882R1
0.9663quarter pivot
0.9414S1
0.9195S2
0.8946S3

Well, now it does look like we will test Quarterly R3 level @ 0350 on USDCAD. Surely current levels provide little or no resistance at all.
  • #367
  • Sep 22, 2011 5:39am Sep 22, 2011 5:39am
hello ruffryders,
do you trade in brent oil?i am too.
I search a stratgy in brent oil, but i nothing found in ff.

the next days, how do you think brent oil?
thanks steve
  • #368
  • Sep 22, 2011 5:48am Sep 22, 2011 5:48am
Quoting stevebalmmer
hello ruffryders,
do you trade in brent oil?i am too.
I search a stratgy in brent oil, but i nothing found in ff.

the next days, how do you think brent oil?
thanks steve
BRENT I see @ 100 per barrel.
  • #369
  • Sep 22, 2011 6:10am Sep 22, 2011 6:10am
Quoting ruffryders
Well, now it does look like we will test Quarterly R3 level @ 0350 on USDCAD. Surely current levels provide little or no resistance at all.
Noted and Thanks....
  • #370
  • Sep 22, 2011 6:45am Sep 22, 2011 6:45am
Hits1/4... R3..0350.. noticed aGann % 33,3... hits rite on and a 618% number.. at the 300ish level.... looking at DXY... and noticed at hi..daily 100% resistance is spoot on hi point weekly fibo pivots..100% is 79..and monthly is.. 7914...
I have bought at 1.3445 and buy orders in at 3400.. 3350 and 3300..
  • #371
  • Sep 22, 2011 9:58am Sep 22, 2011 9:58am
http://img823.imageshack.us/img823/7...w122092011.png
  • #372
  • Sep 22, 2011 10:00am Sep 22, 2011 10:00am
This is W1 Dow Jones Industrial chart, which shows PA since 2008. As we can see PA is entering a very dangerous area. Can this temp support hold on?
I'm not so confident about it, if 10 600 breaks, we can see 9600 and even 8800 very soon. This will be a full-blown stage 2 of the 2008 and the so-called W-shaped recovery.

Let's just hope that this is not the case, cause otherwise everyone will endure serious suffering.
  • #373
  • Sep 22, 2011 10:14am Sep 22, 2011 10:14am
I discourage anyone from buying EU, GU, AD right now. Even if we are near bottom now, which hasn't been confirmed yet btw, still one can expect very violent and fast-paced price action that surely will take out a lot of stops.

So just wait for a proper resolution.
  • #374
  • Sep 22, 2011 12:23pm Sep 22, 2011 12:23pm
Quoting ruffryders
http://img225.imageshack.us/img225/7043/brentdaily.png

BRENT D1 chart. As forecasted over weekend, BRENT is on the way to 100. WHile it's going down, I can't expect currencies to rebound.Surely BRENT will drag gold down with it.
http://img801.imageshack.us/img801/9...t220920112.png

Projected target was reached. Now some indecision. However me thinks wont be long before we hit 100 mark.
  • #375
  • Sep 22, 2011 1:00pm Sep 22, 2011 1:00pm
where has you prise action qualified?
  • #376
  • Sep 22, 2011 1:03pm Sep 22, 2011 1:03pm
Quoting stevebalmmer
where has you prise action qualified?
I'm sorry but I can't read your question man!

My thinking right now is this - Stockmarkets are crashing, dollar going way up. BRENT will be 100 very soon.
  • #377
  • Sep 22, 2011 1:15pm Sep 22, 2011 1:15pm
Wow! You seem to have pretty nice results!

Ill will read the complete thread tomorrow!

Thanks for sharing your knowledge!

Cheers
  • #378
  • Sep 22, 2011 1:19pm Sep 22, 2011 1:19pm
i would like learn price action too.
Quoting ruffryders
I'm sorry but I can't read your question man!

My thinking right now is this - Stockmarkets are crashing, dollar going way up. BRENT will be 100 very soon.
  • #379
  • Sep 22, 2011 1:25pm Sep 22, 2011 1:25pm
Quoting stevebalmmer
i would like learn price action too.
Well, I'm here to help, so if you got specific questions, shoot away!
I'm not an expert myself, but been trading over a decade now, so can read charts pretty well.

I'd recommend to focus on studying HTF (higher time-frames), candlestick analysis, pivots, risk-reward ratio and typical price action patterns. There are a number of threads here, where you can learn pretty advanced stuff.

I also highly recommend NickB's forex4noobs.com. It sounds cheesy, but check out the Forum section. Very good charts on GBP JPY, just by studying the charts you get to learn a lot. Very solid methodology and profitable too.

Any questions, feel free to ask, I'll be happy to help!
  • #380
  • Sep 22, 2011 1:27pm Sep 22, 2011 1:27pm
Quoting BlackTexto
Wow! You seem to have pretty nice results!

Ill will read the complete thread tomorrow!

Thanks for sharing your knowledge!

Cheers
No problem. If I can be of any assistance please let me know.
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