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High velocity trading

  • #881
  • Oct 4, 2011 12:10am Oct 4, 2011 12:10am
Gold daily..note range and 50% point.. is 1700.. prominent number in weekly mthly and 1/4 pivot ranges
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 15 KB
  • #882
  • Oct 4, 2011 12:35am Oct 4, 2011 12:35am
Quoting ruffryders
sl 1666 tp1 1630 tp2 1620
Obviously this trade turned the other way around, once it did the DBL bott near TL @ 1640 I closed manually at home with +4 dollars overall.

I think I might go LONG however don't like the PA right now. Will be aside for now.
  • #883
  • Oct 4, 2011 12:40am Oct 4, 2011 12:40am
Quoting ruffryders
XAU USD / GOLD FORECAST

Two possible scenarios. QP test and break to 1750. Second scenario is break below 1585 resulting in initial downside target of 1530. Both options are a real possibility, so watching this space closely.

http://img585.imageshack.us/img585/8...sd02102011.png
Guys, Gold, I'm watching this HTF scenario right now, zoomed out of the LTF for now.
  • #884
  • Oct 4, 2011 12:41am Oct 4, 2011 12:41am
Quoting ruffryders
http://img717.imageshack.us/img717/1...w130092011.png

Guys, this is my updated EU W1 forecast. We had a very bearish closing of the month of September this Friday. Very likely we will reach 2900-3100 area within several weeks.

On the chart you can see an important white line (sup turn res). PA is below this line, meaning TL rejection ---> PA will head lower now.
On EU I believe we are close to the decision area. Either EU makes or brakes it.
  • #885
  • Oct 4, 2011 12:46am Oct 4, 2011 12:46am
Quoting ruffryders
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.
TPed this one here when it rejected MP + 72 pips.
  • #886
  • Oct 4, 2011 12:49am Oct 4, 2011 12:49am
Quoting ruffryders
TPed this one here when it rejected MP + 72 pips.
supplementary to the previous post, chart update

http://img683.imageshack.us/img683/1...ak04102011.png
  • #887
  • Oct 4, 2011 12:55am Oct 4, 2011 12:55am
Today trying to catch GU move.

GU LONG @ 5492 SL 20 TP + 125

alternatively

GU SHORT @ 5413 SL 20 TP + 75
  • #888
  • Oct 4, 2011 1:01am Oct 4, 2011 1:01am
http://img687.imageshack.us/img687/4...3004102011.png

looking for the dollar to give back some recent gains today.
  • #889
  • Oct 4, 2011 2:58am Oct 4, 2011 2:58am
Quoting ruffryders
Guys, Gold, I'm watching this HTF scenario right now, zoomed out of the LTF for now.

Ok I believe GOLD is being rejected @ Quarterly Pivot @ 1675 and true H4 DBL TOP is in the making. This should produce a strong reaction and send gold to 1585 & then lower.
  • #890
  • Oct 4, 2011 2:59am Oct 4, 2011 2:59am
Quoting ruffryders

Ok I believe GOLD is being rejected @ Quarterly Pivot @ 1675 and true H4 DBL TOP is in the making. This should produce a strong reaction and send gold to 1585 & then lower.
60 minutes for H4 candle close now.
  • #891
  • Oct 4, 2011 3:25am Oct 4, 2011 3:25am
hy ruffriders.
on h4 a double top in gold.
you mean the goldprice go short till 1580?
  • #892
  • Oct 4, 2011 3:33am Oct 4, 2011 3:33am
Quoting ruffryders
Today trying to catch GU move.

GU LONG @ 5492 SL 20 TP + 125

alternatively

GU SHORT @ 5413 SL 20 TP + 75
SL adjusted to BE on short.
  • #893
  • Oct 4, 2011 3:33am Oct 4, 2011 3:33am
Quoting stevebalmmer
hy ruffriders.
on h4 a double top in gold.
you mean the goldprice go short till 1580?
Im waiting for H4 close Steve see if that's a valid DBL TOP setup. Right now still not sure yet.
  • #894
  • Oct 4, 2011 4:09am Oct 4, 2011 4:09am
Quoting ruffryders
SL adjusted to BE on short.
SL hit and out.
  • #895
  • Oct 4, 2011 4:53am Oct 4, 2011 4:53am
http://img845.imageshack.us/img845/7...sd04102011.png

Two options on gold. Either upside TL break or rejection of TL and pullback to WP.
  • #896
  • Oct 4, 2011 5:25am Oct 4, 2011 5:25am
Stockmarkets near crashing

Heres DJI weekly

http://img23.imageshack.us/img23/493...om04102011.png
  • #897
  • Oct 4, 2011 5:34am Oct 4, 2011 5:34am
Quoting ruffryders
Stockmarkets near crashing

Heres DJI weekly

http://img23.imageshack.us/img23/493...om04102011.png
What impact this sign may have on Gold? Will people go to a safer investment (Gold)?
  • #898
  • Oct 4, 2011 5:51am Oct 4, 2011 5:51am
Quoting dnvg
What impact this sign may have on Gold? Will people go to a safer investment (Gold)?
Generally, in a crash, dollar goes up, markets go down and gold goes up. So this should result in higher prices on gold.
  • #899
  • Oct 4, 2011 5:56am Oct 4, 2011 5:56am
Quoting ruffryders
Generally, in a crash, dollar goes up, markets go down and gold goes up. So this should result in higher prices on gold.
According to my analysis GOLD starts to pick strength October 17th and last into end of the month. I will probably wait to build a position @ that time.

Right now direction not decided yet. Need 1675 break or clean sign of rejection. Neither happened yet, so lets wait and see.

DJI is definately looking very SICK now.
  • #900
  • Oct 4, 2011 6:23am Oct 4, 2011 6:23am
http://img812.imageshack.us/img812/8...3004102011.png

Setup in progress that Im watching on GBPCAD. Looking to short sell. See chart for details.
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