High velocity trading | Page 57 | 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

  • #1,121
  • Oct 7, 2011 7:48am Oct 7, 2011 7:48am
gold bounces off in upper trendlinie.
  • #1,122
  • Oct 7, 2011 7:52am Oct 7, 2011 7:52am
Quoting stevebalmmer
gold bounces off in upper trendlinie.
I'm fairly confident that if we clear 1666 we will do MP test @ 1692. Now just the waiting game, looks like might be a while now.
  • #1,123
  • Oct 7, 2011 7:56am Oct 7, 2011 7:56am
i hope Gold is back down till to my tp 1640
  • #1,124
  • Oct 7, 2011 7:57am Oct 7, 2011 7:57am
hmmm now gold's PA is doing mind tricks and looks like H1 gold is a pin bar (rev candle). However it's in traffic and can be almost discounted ... if it wans't at the psychological level @ 1650. Damn, now what is that gonna be now boss?
  • #1,125
  • Oct 7, 2011 7:58am Oct 7, 2011 7:58am
i have a pending order too.
Quoting ruffryders
I'm fairly confident that if we clear 1666 we will do MP test @ 1692. Now just the waiting game, looks like might be a while now.
  • #1,126
  • Oct 7, 2011 8:05am Oct 7, 2011 8:05am
Quoting stevebalmmer
i have a pending order too.
I don't know man, looks like gold not going anywhere in a hurry, some indecision present in 50-65 area. Id like to see at least an M30 candle body outside this congestion area to make a trade. Right now nothing much happening.
  • #1,127
  • Oct 7, 2011 8:07am Oct 7, 2011 8:07am
Quoting danc
usdcad.. 4 hr chart.. am short as per X.. stop is as per tick..hoz lines are week and day pivot..actual hi came on.. 1/4..50% pivot exact.. also major range c.618% i traded this point as well..
Man did you take profits @ 34? Was very close (2 pips) to MP.

Keep us updated, I hope you cashed out this one. Good trade too!
  • #1,128
  • Oct 7, 2011 8:09am Oct 7, 2011 8:09am
Quoting ruffryders
GOLD update H1

http://img26.imageshack.us/img26/801...1071020112.png
Gold PA is tough to decipher right now. Just make sure you keep this downside scenario nearby as well. RIght now can't tell which one is gonna be up next.
  • #1,129
  • Oct 7, 2011 8:11am Oct 7, 2011 8:11am
at gold we must wait, where the market go.
  • #1,130
  • Oct 7, 2011 8:15am Oct 7, 2011 8:15am
http://img822.imageshack.us/img822/4...tl07102011.png

Dollar still supported @ H4 TL. Need to be careful.
  • #1,131
  • Oct 7, 2011 8:20am Oct 7, 2011 8:20am
Im not impressed by gold today. Looks like bulls have a difficulty gaining any upside momentum. Part of the reason is the recent stockmarkets rally and optimism. Maybe over weekend some development will bring new buyer into the market and help gold clear 1666 barrier.

Right now feels highly unlikely that we can break the barrier. All I see is rangebound trading with no directional idea at the momemnt.
  • #1,132
  • Oct 7, 2011 8:22am Oct 7, 2011 8:22am
OK guys 30 more minutes and that's it for me. This week too much stuff @ the office taking a toll on me.

Back over weekend will try to pinpoint good trade setups for the new week.

Have a good one guys!
  • #1,133
  • Oct 7, 2011 8:33am Oct 7, 2011 8:33am
@RR
have a nice weekend,
see you next monday.
byby
  • #1,134
  • Oct 7, 2011 8:40am Oct 7, 2011 8:40am
Quoting stevebalmmer
@RR
have a nice weekend,
see you next monday.
byby
Yeah you too man! If you are gonna play the markets, take care and at least use a very tight SL today. If you get stopped out, I don't recommend to re-enter today. PA not looking good across the board.
  • #1,135
  • Oct 8, 2011 12:28am Oct 8, 2011 12:28am
Quoting ruffryders
http://img543.imageshack.us/img543/6...dx07102011.png


USDX is still strong. The pattern is clear and visible on the Daily USDX charts. It's pullback and then strong move upwards.

This is also a reason to look for GOLD shorts today. Downside is also more strong on GOLD due to R/R shift (AWR).
Updated USDX D1 chart. Lesson learnt here (hopefully) - never underestimate Dollar Strength and rally into FRIDAY session.

http://img851.imageshack.us/img851/2...d108102011.png
  • #1,136
  • Oct 8, 2011 12:34am Oct 8, 2011 12:34am
http://img692.imageshack.us/img692/6...lf08102011.png

Guys you don't need to be a rocket scientist to read the obvious signals market is giving you. EU H4 Bearish Engulfer. The gameplan - SHORT SELL @ MARKET OPEN SL PREVIOUS HIGH TP1 3266 TP2 3166
  • #1,137
  • Oct 8, 2011 12:44am Oct 8, 2011 12:44am
http://img191.imageshack.us/img191/6...3008102011.png

GU M30 GAMEPLAN - I will look to SHORT SELL.
  • #1,138
  • Oct 8, 2011 1:03am Oct 8, 2011 1:03am
http://img90.imageshack.us/img90/438...ok08102011.png

No rocket science here. GOLD H4. More downside next week. Could be sold 30-34 area with Initial TP @ 1600.
  • #1,139
  • Oct 8, 2011 1:08am Oct 8, 2011 1:08am
Only two lines to analyse AUDUSD D1 charts. More downside is expected. Resistance met @ TL confluence with strong line Sup turn Res from way back in March. USDX UP. GOLD DOWN. AUD DOWN obviously.

http://img819.imageshack.us/img819/2...d108102011.png
  • #1,140
  • Oct 8, 2011 1:12am Oct 8, 2011 1:12am
http://img594.imageshack.us/img594/5...d108102011.png

USD CAD will trade higher. This is USDCAD Daily Chart. We have a clear green reversal stick @ Monthly Pivot + TL confluence. This is a VERY STRONG reversal signal. Proposed gameplan - only look to go LONG. Suggested scenario - on the chart.
0 traders viewing now