High velocity trading | Page 47 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EA based on Velocity/Acceleration 1 reply

High velocity 38 replies

Why does the GBP/USD have so much more Velocity than the other majors? 6 replies

Renko Bars - Alert for PA Velocity 7 replies

Attachments: High velocity trading
Exit Attachments

High velocity trading

  • #921
  • Oct 4, 2011 8:58am Oct 4, 2011 8:58am
Quoting ruffryders
http://img593.imageshack.us/img593/4...ej04102011.png

Here's a quick one WP rejection on EUR GBP happened yesterday. Green long-wicked candle @ WP = rejection and short sell order. The channel is projected according to the chart comments.

WP rejection frequently happen early into the week (Mon-Wed). That's HQ setups worth taking.

Also TPs. How do you set TP? Easy enough, you use ADR to gauge how much more upside/downside PA has and add in to you entry price.

For instance EUR GBP ADR is 100 points. The low is 8520....
Im still studying your 2 tutorials but for this one i have a question... i know that ADR is the average daily range...but do you have an indicator for this or you have to look at it manually ? And how ? The previous day ? The current day ? Thanks RR.
  • #922
  • Oct 4, 2011 9:02am Oct 4, 2011 9:02am
Wow...i love that red candle heading down in Gold! Go south baby!
  • #923
  • Oct 4, 2011 9:02am Oct 4, 2011 9:02am
Quoting BlackTexto
Im on this one and in profit.

Cant wait to see it break the 1600's lol

Cheers
Will get there PA is strongly bearish right now.
  • #924
  • Oct 4, 2011 9:04am Oct 4, 2011 9:04am
Quoting ruffryders
Will get there PA is strongly bearish right now.
You use PA often in your analysis.... what it stand for ?
(my first language is french so sometimes its hard to find the definition of an english abbreviation)
  • #925
  • Oct 4, 2011 9:05am Oct 4, 2011 9:05am
average daily range display indicator
Attached File(s)
File Type: ex4 (T_S_R)-Daily Range Display#2.ex4   10 KB | 222 downloads
  • #926
  • Oct 4, 2011 9:06am Oct 4, 2011 9:06am
Quoting BlackTexto
You use PA often in your analysis.... what it stand for ?
(my first language is french so sometimes its hard to find the definition of an english abbreviation)
price action
  • #927
  • Oct 4, 2011 9:07am Oct 4, 2011 9:07am
guys you ask so many questions. I wont be able to finish the next tutorial then. hehe
  • #928
  • Oct 4, 2011 9:09am Oct 4, 2011 9:09am
Quoting ruffryders
guys you ask so many questions. I wont be able to finish the next tutorial then. hehe
You will have a small break now while i install the ADR indicator!! lol

Thank you for the indi and tutorials!

Highly appreciated
  • #929
  • Oct 4, 2011 9:13am Oct 4, 2011 9:13am
Quoting ruffryders
Will get there PA is strongly bearish right now.
Will you sell more unit at a certain point ?
  • #930
  • Oct 4, 2011 9:15am Oct 4, 2011 9:15am
Here's EUR CAD H1 Tutorial. Pretty much explanation on the charts

http://img684.imageshack.us/img684/3...h104102011.png
  • #931
  • Edited 9:29am Oct 4, 2011 9:17am | Edited 9:29am
Quoting BlackTexto
Will you sell more unit at a certain point ?
Not this time around. But H4 looks like a strong DBL TOP. The deal here is that it's strong because it's right at the Quarterly Pivot. We should be expecting a strong move downwards now.

I do add @ certain weak levels if I get M30 confirmation on Gold.

Currenlty PA is playing mind games but the outcome is almost cast in stone now.
  • #932
  • Oct 4, 2011 9:32am Oct 4, 2011 9:32am
ok that's us for today (london almost out). See ya tmrw guys. WIll keep track of gold progress @ home now.
  • #933
  • Oct 4, 2011 9:35am Oct 4, 2011 9:35am
Quoting ruffryders
ok that's us for today (london almost out). See ya tmrw guys. WIll keep track of gold progress @ home now.
Ok! Great information today RR. I still have to study them to understand it correctly.
  • #934
  • Oct 4, 2011 9:53am Oct 4, 2011 9:53am
thanks from me too
  • #935
  • Oct 4, 2011 10:04am Oct 4, 2011 10:04am
Well... i dont know why i did that but i closed my Short on Gold...

Good profit on it and i contain myself not to jump in again!

I will wait for a good entry point to go long.

I will try to do an analyse! Will try to impress RR (and myself at the same time)! lol

Cheers
  • #936
  • Oct 4, 2011 10:09am Oct 4, 2011 10:09am
in Gold my entry is 1615, i look at the turtorial, the WP is on the 1615. And tp is 1590. short.
  • #937
  • Oct 4, 2011 10:13am Oct 4, 2011 10:13am
Quoting stevebalmmer
in Gold my entry is 1615, i look at the turtorial, the WP is on the 1615. And tp is 1590. short.
I will do the tutorial to find the entry point for a long position.
Im to late to do a short i think....
  • #938
  • Oct 4, 2011 10:19am Oct 4, 2011 10:19am
tmr you must look at the monday close time in london.
  • #939
  • Oct 4, 2011 10:45am Oct 4, 2011 10:45am
Stevebalmmer.

Look at H1 on gold. Will close in 15 minutes. Seem to me that WP
is being Rejected.

What you think ?
  • #940
  • Oct 4, 2011 11:17am Oct 4, 2011 11:17am
it was rejected on the WP in the tf 30. We must wait of tomorrow.its a false i think.
0 traders viewing now