High velocity trading

Right on. Seem to be a fake.

i stay on the side at gold.

Do you still have short on Gold Steveballmer ?

I do now but a very tight SL.

yes i am.
By the end of london time? i look at london close,or Midnight close?

I think you should look at the close.

Wow Gold go down fast! Im happy i still have a short going on now.

I opened this trade less than 1 hour ago and already in profit over 550$...for now!

I have moved my SL.

I had a profit in head and i moved it to secure my position. I have to leave the office right now.

My TP is at 1584 wich for me seem to be the support level of the double top in 1H time frame.

This is a position i love...i can go out and whatever happen..my profit is secured.

Cheeers and see you tmrw.

Thx! I know my stuff but information from a valuable person like you is really worth.
I love to see different approch and yours is quite solid!

Keep on good work!
Take care Anton

how many lots you trade of 1 trade?

Ok guys a quick recap of probably what is my most success setup since August (I shorted DJI @ approx 12 250 points back then)

I was focused only on shorts since Monday. Sold around 1650 and made a small profit. Then price went up to 75 area. 75 is Quarterly Pivot. Very Strong level. Also 90 is Monthly.

Price action was denied upside @ Quarterly Pivot (posted a list over weekend, see post Number 1 of this thread).

Then we short sold 54-56 area, upon MidPivot + TL break = it was a very clear sign to go SHORT

TP 1 was set @ 1612 @ WP = which was reached shortly in US session. TP2 was too far off (1540) and was never reached. Stocks started to rebound. Oil started to form a DBL BOTT (BRENT). I took profit upon M15 DOJI @ 1600 area = this is a key psychological level and rev candles are stronger here.

All in all we covered yesterday a 50 dollar move almost completely (99%).. Hope you guys had a good run too.

Here' the chart recap anyway.

http://img265.imageshack.us/img265/3...de04102011.png

http://img651.imageshack.us/img651/1...tr05102011.png

Guys comeon you sure can do better than that. Why would you enter short @ 1615, when the day's ADR is almost wiped out? Man, you never do that. You need to enter @ a point, where there is at least 3/4 of ADR left.

So entry @ 1615 is wrong. It's wrong because ADR is out. Why did I post the indicator then? So you can use it guys! The ADR on GOLD is 54 right now.

Also entering near/close to WEEKLY PIVOT IS COMPLETELY WRONG. You can't do it. No way.

Now you might say ... but you said TP2 is @ 1540. Yeah, PA might go there, but maybe tmrw, maybe today .... it's not cast in stone.

So use ADR to guide you in proper entry points. Don't enter when ADR is out for the day!

Gold I trade in units. I usually trade in lots of 200 units. So I can get in with 200 and add 200 when it's +5 in my direction. Build up to 800 units position, if I feel there is room for a good trade. The boldest I've done on gold is 3500 units once.

http://img842.imageshack.us/img842/3...3005102011.png

Today's look @ GOLD. It's M30. If 1635 managed to hold = will signal more downside. Currently very close to WP, however weakness below 1613-1615 will indicate further downside targets @ 1600 and 1580 and finally @ 1540

Taking a shot @ decoding EUR USD price action

http://img10.imageshack.us/img10/2285/euh105102011.png

EU HTF I still think we haven't reached the bottom yet, 3000 needs to be tested first.

Revised TP1 on SHORTS = 3160 TP2 on SHORTS = 3080

Thanks man! Yeah, for sure you gotta have your own system/rules, I highly recommend that!

Still recently I don't see many high-quality threads @ FF with actual trade setups and decent explanation with clear charts, a lot of guys are hyped out on this new Supply/Demand thing, but I guess mostly new traders. What's being marketed as suppy/demand now has been known for ages before SSeiden started his marketing campaign.

I very much like WB's thread, however recently he doesn't spend much time there. There are definately a number of good traders around, but most likely don't share 10% of their knowledge.

I also don't show everything here, part of my trading strategy involves using neural networks to forecast weekly and daily highs/lows. It's still @ only 75-80% correct forecasting, so much work needs to be done still.

Anyhow thanks again for your comments!

anton

Updated post number 1 on page 1 with Indicators and Templates and ADR indicator, so it's easier to download them. Also Updated the same page with recently posted Tutorials. Have fun!

IUSDX H8 update

http://img16.imageshack.us/img16/282...h805102011.png

EU H1 tentative bearish engulfer setup, meaning bears might take over.

ECAD looking as a good short sell candidate upon hourly close. Decent H1 reversal candle @ S/R zone