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High velocity trading

  • #801
  • Oct 3, 2011 2:12am Oct 3, 2011 2:12am
Quoting ruffryders
EUR CAD H4 chart - possible H&S setups

http://img703.imageshack.us/img703/8...ad25092011.png

I'd be looking for price action reaction, when/if it reached the 4140-80 area for signs of reversals. It's always good to wait for neckline break though, so lets' monitor this pattern and see how it develops this week.
EUR CAD DAILY update

This is a confirmed H&S on Daily with initial downside target @ 3800 guys.
  • #802
  • Oct 3, 2011 2:19am Oct 3, 2011 2:19am
http://img210.imageshack.us/img210/2037/ecadd1.png

Supplementary to the previous post, ECAD D1.
  • #803
  • Oct 3, 2011 2:25am Oct 3, 2011 2:25am
If you are looking to short sell ECAD now, Ill look for initial test of 3940-3950 with a pullback and then will go down all the way to 3850.

So a safe entry is SHORT SELL ECAD @ 3933-37 SL 25 TP 3850. Good trade setup.
  • #804
  • Oct 3, 2011 2:29am Oct 3, 2011 2:29am
Guys, on EU/AU/GU this week only short selling into rallies. Likewise UCAD, only buying into dips, at least until we reach 0600-0800.
  • #805
  • Oct 3, 2011 2:37am Oct 3, 2011 2:37am
GU 7H reversal might be ON might try for WP @ 5580.

Anyway, that's prolly one of the HQ setups, WP rejection early into the week.

So still EU/GU/AU only looking to short sell.
  • #806
  • Oct 3, 2011 2:41am Oct 3, 2011 2:41am
Quoting ruffryders
GU 7H reversal might be ON might try for WP @ 5580.

Anyway, that's prolly one of the HQ setups, WP rejection early into the week.

So still EU/GU/AU only looking to short sell.
http://img819.imageshack.us/img819/9981/gu03102011.png
  • #807
  • Oct 3, 2011 2:48am Oct 3, 2011 2:48am
Quoting ruffryders
http://img819.imageshack.us/img819/9981/gu03102011.png
This is the bears @ GU WP. Looking to get a piece of action then.

http://1.bp.blogspot.com/-2S0JXGFstB...an_phalanx.jpg
  • #808
  • Oct 3, 2011 3:18am Oct 3, 2011 3:18am
GU close to the designated short selling area, now switching to M30 to monitor and seek an M30 rejection candle.
  • #809
  • Oct 3, 2011 3:18am Oct 3, 2011 3:18am
GU news in 12 minutes, gotta be careful guys!
  • #810
  • Oct 3, 2011 3:32am Oct 3, 2011 3:32am
wow this is crazy shit ... I'm standing on sideline, 100 pips 30 minute candles spells trouble.
  • #811
  • Oct 3, 2011 3:37am Oct 3, 2011 3:37am
GU considering short selling @ 5525 now. I'd think upside is capped now and WP should be rejected. Will watch this space closely.
  • #812
  • Oct 3, 2011 4:28am Oct 3, 2011 4:28am
Quoting ruffryders
gold above WP so I expect it to try for 1660-1675. This test is critical. 1675 if rejected we look to short sell. If broken we go long then.
above 1660 now meaning 1670-80 is next up. If cleared, waiting for reaction @ MP @ 1690.

1690-1710 might be the area, where price action will reverse. If broken expect strong action and upside capped by 1750 initially.
  • #813
  • Oct 3, 2011 4:31am Oct 3, 2011 4:31am
http://img683.imageshack.us/img683/2...rt03102011.png

Crude futures found some support ---> bullish for AU/GU/EU and gold now.
  • #814
  • Oct 3, 2011 4:38am Oct 3, 2011 4:38am
GOLD if you want to try for 1690-1710, 1666 looks like a good reentry point (with tight SL). looks like gold is building a base in 58-64 range prepping to go higher now.
  • #815
  • Oct 3, 2011 4:45am Oct 3, 2011 4:45am
EU LONG after gap is broken.
  • #816
  • Oct 3, 2011 4:53am Oct 3, 2011 4:53am
Quoting ruffryders
EU LONG after gap is broken.
http://img27.imageshack.us/img27/2411/eu03102011.png

supplementary to the previous post.
  • #817
  • Oct 3, 2011 5:13am Oct 3, 2011 5:13am
Quoting ruffryders
GOLD if you want to try for 1690-1710, 1666 looks like a good reentry point (with tight SL). looks like gold is building a base in 58-64 range prepping to go higher now.
supplementary chart

http://img510.imageshack.us/img510/4...sd03102011.png
  • #818
  • Oct 3, 2011 5:35am Oct 3, 2011 5:35am
if you plan to go long on gold, hourly close is important right now.
  • #819
  • Oct 3, 2011 5:38am Oct 3, 2011 5:38am
Quoting ruffryders
GOLD if you want to try for 1690-1710, 1666 looks like a good reentry point (with tight SL). looks like gold is building a base in 58-64 range prepping to go higher now.
decent R/R (5 to 1) on this trade is risk 6 to get 30, so SL 1661 TP 1690.
  • #820
  • Oct 3, 2011 5:54am Oct 3, 2011 5:54am
Guys we are looking good on GOLD. Initial sequence count down is ON.

1666 (sounds spooky, it aint, trust me ) is a good entry point.
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