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High velocity trading

  • #721
  • Sep 30, 2011 4:27am Sep 30, 2011 4:27am
4 hr.. thinking short this... below Week and day PPX... and general patten..
  • #722
  • Sep 30, 2011 4:29am Sep 30, 2011 4:29am
Here is the picture,,
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 18 KB
  • #723
  • Sep 30, 2011 4:32am Sep 30, 2011 4:32am
Quoting danc
Here is the picture,,
Dollar still didn't make a decision. Reason being that the moves will come during US session today (cause it's FRIDAY) and end of the month.

Too bad I got an evening appointment today and cant attend the US session.

I will only stick with EJ long for now with tight SL and elsewhere I'm standing aside.
  • #724
  • Sep 30, 2011 4:36am Sep 30, 2011 4:36am
Quoting danc
Here is the picture,,
For most part I agree with you, but still think that a solution will only come during US session. So right now on sidelines. I got stopped out on EU/GU shorts earlier with a small loss (9 and 12 pips) so don't feel like re-entering now.
  • #725
  • Sep 30, 2011 4:40am Sep 30, 2011 4:40am
Quoting ruffryders
Dollar still didn't make a decision. Reason being that the moves will come during US session today (cause it's FRIDAY) and end of the month.

Too bad I got an evening appointment today and cant attend the US session.

I will only stick with EJ long for now with tight SL and elsewhere I'm standing aside.
Standing aside... me 2.. watching and waiting.. US session u reckon..Thks picture.. on reversal candles at phys levels....Struggeling with pictures of WToil chart.. 4 hr.. thinking bearish.. day and week longish??..will post fr your opnion..
  • #726
  • Sep 30, 2011 4:46am Sep 30, 2011 4:46am
PIcture week.....Looks bullish to me..
Attached Image (click to enlarge)
Click to Enlarge Name: wtcrude.jpg Size: 144 KB
  • #727
  • Sep 30, 2011 4:51am Sep 30, 2011 4:51am
WT.. crude daily... looks bullish to me..
Attached Image (click to enlarge)
Click to Enlarge Name: wtcrude.jpg Size: 147 KB
  • #728
  • Sep 30, 2011 4:52am Sep 30, 2011 4:52am
Looking @ D1 BRENT it's easy to see that we are in downwards sloping channel and below MP and below important 50 fibo. Currently I can't see a reason for more upside. It doesn't look to me like PA found it's support yet.

Overall I expect we will finish November @ or below 90 mark

http://img824.imageshack.us/img824/4...d130092011.png
  • #729
  • Sep 30, 2011 4:55am Sep 30, 2011 4:55am
WtCrude... 4 hr looks bearish to me..but above Week ppx and day.. ppx..
Attached Image (click to enlarge)
Click to Enlarge Name: wtcrude.jpg Size: 155 KB
  • #730
  • Sep 30, 2011 4:58am Sep 30, 2011 4:58am
WTCRUDE.. 1 hr... looks Bldy bearish to me..but hits resistance at week and day,, PPX..
Attached Image (click to enlarge)
Click to Enlarge Name: wtcrude.jpg Size: 149 KB
  • #731
  • Sep 30, 2011 5:00am Sep 30, 2011 5:00am
I don't think that CRUDE is bullish. From H4 chart (Nov futures contract) it surely looks bearish.

It's below MP and TL rejection (see chart - long wicks cluster @ TL confluence).

My verdict - both BRENT and CRUDE will trade lower in October for sure.
Not good news for the company here, but not gonna effect my bonus.

http://img641.imageshack.us/img641/7...ov30092011.png
  • #732
  • Sep 30, 2011 5:03am Sep 30, 2011 5:03am
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.png Size: 34 KB
Per aspera ad astra
  • #733
  • Sep 30, 2011 5:07am Sep 30, 2011 5:07am
Quoting Ihor
Attachment
Yeah I closed out with -3. PA can't pick direction.

Basically I'm out for the day. Friday and end of the month. Moves only expected during US session and much volatility is expected.

Some times I don't trade Fridays at all, since it's probably the worst day for trading.
  • #734
  • Sep 30, 2011 5:08am Sep 30, 2011 5:08am
Quoting ruffryders
Yeah I closed out with -3. PA can't pick direction.

Basically I'm out for the day. Friday and end of the month. Moves only expected during US session and much volatility is expected.

Some times I don't trade Fridays at all, since it's probably the worst day for trading.
It probably gonna go this and that way and do rangebound tight trading before US open anyway. Can't win them all
  • #735
  • Sep 30, 2011 5:10am Sep 30, 2011 5:10am
Quoting ruffryders
Yeah I closed out with -3. PA can't pick direction.

Basically I'm out for the day. Friday and end of the month. Moves only expected during US session and much volatility is expected.

Some times I don't trade Fridays at all, since it's probably the worst day for trading.
Yep, but most worst day is Monday. Some of my buddies don't trade Mondays and Fridays at all :-)
I'm still waiting for shorting EUR/USD :-)
Per aspera ad astra
  • #736
  • Sep 30, 2011 5:13am Sep 30, 2011 5:13am
RR,... Thanks for Yr comments..
  • #737
  • Sep 30, 2011 5:15am Sep 30, 2011 5:15am
i wait till wall street is open, and i look what the market says.
  • #738
  • Sep 30, 2011 5:16am Sep 30, 2011 5:16am
http://img43.imageshack.us/img43/660...h430092011.png

Here's a quick scenario analysis on GOLD H4. I personally favor downside scenario right now. To enter short Id suggest watching M15-M30 for a definitive TL break. Right now PA is stuck on TL (M15-M30).

BRENT and CRUDE does support the downside. USDX looks like it will resolve to the upside. This means trouble for gold bulls.

However gotta keep in mind both options. Whoever is trading gold today, resolution will come during US session only.
  • #739
  • Sep 30, 2011 5:18am Sep 30, 2011 5:18am
Here's the M15 GOld chart with my markup.

http://img190.imageshack.us/img190/1...sd30092011.png
  • #740
  • Sep 30, 2011 5:19am Sep 30, 2011 5:19am
Quoting ruffryders
Here's the M15 GOld chart with my markup.

http://img190.imageshack.us/img190/1...sd30092011.png
You can almost see how the price action is stuck on the TL.
Now US needs to come in and unstuck it for real!
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