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High velocity trading

  • #501
  • Sep 27, 2011 7:39am Sep 27, 2011 7:39am
1652 Might be a good entry now to short sell GOLD. M5 upside TL has been broken with M30 red candle.

It looks like we could reverse now.
  • #502
  • Sep 27, 2011 7:43am Sep 27, 2011 7:43am
1618 is a good target on shorts, if you are selling GOLD right now (1652).
  • #503
  • Sep 27, 2011 7:53am Sep 27, 2011 7:53am
Dragon picture..long as per hoz and arrow
  • #504
  • Sep 27, 2011 7:55am Sep 27, 2011 7:55am
It's good to review HTF SP500 chart. Here's weekly SP500 then.
TL was broken and only temp support provided @ 1100 point area.

This still does not look very healthy to me personally, I'm not convinced yet that we have bottomed out on SP500.

Some strong moves can be expected very soon and we have to watch carefully for a downside-breakout.

http://img84.imageshack.us/img84/288...w127092011.png
  • #505
  • Sep 27, 2011 7:57am Sep 27, 2011 7:57am
Quoting ruffryders
Great news and hopefully 5600 can be cleared by PA today, then most definitely TP will be reached!
Great stuff and you should be at a decent profit already ... still GU looks like it will take a chance @ 5700 very soon. So if you are still LONG might wait for a better price to get out.
  • #506
  • Sep 27, 2011 7:57am Sep 27, 2011 7:57am
Long as per hoz and arrow..Cable Dragon and EUUD been kind to me tonite..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 17 KB
  • #507
  • Sep 27, 2011 7:58am Sep 27, 2011 7:58am
Quoting danc
Dragon picture..long as per hoz and arrow
Dragon is up almost a solid 100 pips after clearing that TL. Some strong shit going on here for sure!
  • #508
  • Sep 27, 2011 8:00am Sep 27, 2011 8:00am
Quoting danc
Long as per hoz and arrow..Cable Dragon and EUUD been kind to me tonite..
Good stuff ... actually great stuff and keep them coming mate!

Gotta love that price action ... we are entering one of the better and more exciting seasons of the year with much volatility and great opportunities, which once spotted deliver risk-free and awesome returns!
  • #509
  • Sep 27, 2011 8:02am Sep 27, 2011 8:02am
Quoting ruffryders
1652 Might be a good entry now to short sell GOLD. M5 upside TL has been broken with M30 red candle.

It looks like we could reverse now.
Is this scenario still valid?
  • #510
  • Sep 27, 2011 8:02am Sep 27, 2011 8:02am
For the record, TL break on GJ-dragon is one of the better and very tradeable setups. As far as I can recall, I had only a few failed trades upon TL breaks.
  • #511
  • Sep 27, 2011 8:04am Sep 27, 2011 8:04am
Quoting dnvg
Is this scenario still valid?
man I hate this FFactory messages:

Quote
Forex Factory is currently unavailable due to high server load attributed to the release of important economic data. This data can be retrieved in the 'Actual' column of the calendar above.

Forex Factory will be available as soon as server loads return to a safe level. This generally happens within a few minutes after the data release. Your patience is greatly appreciated.

Whoever gives a rats ass about the economic data release. shite.

If they need a server upgrade, they should let me know, I can donate some quid so they can upgrade their retarded facilities.
  • #512
  • Sep 27, 2011 8:05am Sep 27, 2011 8:05am
Quoting dnvg
Is this scenario still valid?
Yeah, that's interesting. M30 close above 1658 will invalidate the short sell setup. However if PA fails to close M30 above 1658 it's pretty much still valid.

I'm looking to short sell myself.
  • #513
  • Sep 27, 2011 8:18am Sep 27, 2011 8:18am
Dragon .. like a sky rocket... Taken the money and off to bed.... Chaek the Cable ..SHI trend line break..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 17 KB
  • #514
  • Sep 27, 2011 8:20am Sep 27, 2011 8:20am
Quoting ruffryders
http://img703.imageshack.us/img703/2...h124090211.png

Let's review GU H1 chart. It looks like PA will retest 5600-5700 this week.

Suggested plan: LONG GU @ 5533 SL 25 TP 5668

Update GU trade. TP was met with +135 pips.
  • #515
  • Sep 27, 2011 8:21am Sep 27, 2011 8:21am
Quoting danc
Dragon .. like a sky rocket... Taken the money and off to bed.... Chaek the Cable ..SHI trend line break..

yeah next up prolly 5720-5740. I took profits. Don't want to challenge the markets.
  • #516
  • Sep 27, 2011 8:24am Sep 27, 2011 8:24am
Quoting ruffryders
Yeah, that's interesting. M30 close above 1658 will invalidate the short sell setup. However if PA fails to close M30 above 1658 it's pretty much still valid.

I'm looking to short sell myself.
DON'T like this trade setup anymore. on sidelines for now (GOLD)
  • #517
  • Sep 27, 2011 8:34am Sep 27, 2011 8:34am
Quoting ruffryders
1618 is a good target on shorts, if you are selling GOLD right now (1652).
Any SL suggestion ?
  • #518
  • Sep 27, 2011 8:40am Sep 27, 2011 8:40am
Quoting BlackTexto
Any SL suggestion ?
TRADE WAS CANCELLED see previous posts.
  • #519
  • Sep 27, 2011 8:41am Sep 27, 2011 8:41am
I remember someone of you guys had a USDCAD SHORT right from the TOP.

Nice run I hope you are managing this trade well. I think right now since dollar gave way, more downside will be available on USDCAD.
  • #520
  • Sep 27, 2011 8:45am Sep 27, 2011 8:45am
Quoting ruffryders
If you want to risk for 1700 on gold right now is the best R/R for LONGs.

I'm in long myself with SL @ 1615. TP @ 1700.

Wish you good luck guys, whichever way you choose to trade this. THough I still recommend going LONG.
Wow....something very weird and i need to have your opinion on this one RR! I had this exact position and i just found something very weird.

First, you posted later that your position was still running...have you changed your SL ? If not...this is very special story i have to say because my SL (1615) got hit and it closed my trade.

I was a bit surprise to read later that your position was in profit and you closed it at 1645.

Then i analyse if GOLD relly hit below 1615. In the platform with real money...i see that the lower price of gold has it 1614.95 and went up...so this was below my SL so trade was closed.

If i look in MT4 (demo account) the lower GOLD went fore the same time is 1615.03 wich would not have triggered my SL. (neither in the previous or next candle the price did not went below 1615)

RR, have you ever saw something like that ?? To be honest...this piss me off... What you think of this situation ?

Can you share the broker you use with us ?

Cheers
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