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High velocity trading

  • #1,141
  • Oct 8, 2011 1:20am Oct 8, 2011 1:20am
Ok guys, that's probably the easiest weekly forecast I've done in a while. The DOLLAR strength is to remain and it's pretty obvious both technically and fundumentally.

However, an interesting question remains, where is dollar gonna go and where is it going to meet resistance?

Let review the Quarterly Pivots and S/R table once again (posted on first page of this thread beginning of October 2011)



http://img137.imageshack.us/img137/2...ndpivot011.png

Dollar is above Quarterly Pivot and also above Monthly Pivot. Current Price is 78.75. NExt resistances are MR1 @ 80.42 and QR1 @ 80.65, which is Quarterly Resistance 1. So we can pretty much expect strong resistance, once dollar reaches 80.40-80.60. Until then I expect dollar gains only.
  • #1,142
  • Oct 8, 2011 5:03am Oct 8, 2011 5:03am
http://img38.imageshack.us/img38/640...ts08102011.png

Quick look @ D1 GOLD. PA was rejected @ 1675 recently. Basically we will go lower next week IMOP. Next week I will prefer shorts over longs, however the week after (starting October 17th) I'd look for gold to pick strength. Perhaps a DBL BOTT on D1 will be an indication of bottoming action.

Generally mid-october into end of the month Gold is seasonally stronger. Lets see if that is going to be the case this year though.
  • #1,143
  • Oct 8, 2011 5:41am Oct 8, 2011 5:41am
Quoting ruffryders
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.
Quoting ruffryders
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.
good thread, ruf.

i see both pairs' PBs retraced from 20MA to south early next week... imho
http://www.forexfactory.com/showthre...75#post5022975

pls. keep posting

happing pipping

cheers
  • #1,144
  • Oct 8, 2011 5:45am Oct 8, 2011 5:45am
USDCAD..4 hr..bounce off mth pivot as per your call..i exitex..o275.. for ++100.. Note massive pins on day and 4 hr,,, USD stronger next week??... Just noticed your call on UD and 1/4 pivots..MMMM..short time for EUo which i trade..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 14 KB
  • #1,145
  • Oct 8, 2011 5:49am Oct 8, 2011 5:49am
RR.. sorry.. wrong chart.. Was cable i traded friday nite..early..sorry re indicators..

Note your calls and analisys.. UD and Gold.. and Cracker 1/4 pivots.. thanks..rite chart this time i hope..
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 20 KB
  • #1,146
  • Oct 8, 2011 5:59am Oct 8, 2011 5:59am
Yeah Dollar UP, AU/EU/GU down, UCAD up and GOLD down probably next week. Keep watching this space.
  • #1,147
  • Oct 8, 2011 8:20am Oct 8, 2011 8:20am
silver H1 chart with clear visible signs of more downside.

http://img198.imageshack.us/img198/6...h108102011.png
  • #1,148
  • Oct 9, 2011 6:01am Oct 9, 2011 6:01am
Sure as hell.. will be marking pivots on UDCAD watch charts... AND watching close... works like magic......as per yr calls..
  • #1,149
  • Oct 9, 2011 6:19am Oct 9, 2011 6:19am
GBP JPY HQ High Probability Setup H1. Nice zone to BUY is 118.20-60 TP is on the chart @ 120.50-80. Setup should be good for 200+ points.

http://img855.imageshack.us/img855/7...h109102011.png
  • #1,150
  • Oct 10, 2011 1:43am Oct 10, 2011 1:43am
GOLD 44-46 looking for an entry to short sell
  • #1,151
  • Oct 10, 2011 1:53am Oct 10, 2011 1:53am
sold EU TP 125 SL 25 current 3468
  • #1,152
  • Oct 10, 2011 2:14am Oct 10, 2011 2:14am
suggested plan on M30 GOLD

http://img214.imageshack.us/img214/6...3010102011.png
  • #1,153
  • Oct 10, 2011 2:21am Oct 10, 2011 2:21am
I dont expect dollar weakness, and only looking for shorts right now.
  • #1,154
  • Oct 10, 2011 2:24am Oct 10, 2011 2:24am
EU Stopped out, GOLD M30 SHORT scenario VOID now.
  • #1,155
  • Oct 10, 2011 2:31am Oct 10, 2011 2:31am
Quoting ruffryders
EU Stopped out, GOLD M30 SHORT scenario VOID now.
http://img812.imageshack.us/img812/1...h110102011.png

GOLD H1 looks like TL break above WP and this SOB might try for MP @ 1692, hmmm, guess the funnymental Egypt-factor is affecting the game here.
  • #1,156
  • Oct 10, 2011 3:12am Oct 10, 2011 3:12am
http://img267.imageshack.us/img267/484/usdx10102011.png

D1 Dollar looking BAD now, too early to say, however might be that we will descend lower to 77.20-30 area.
  • #1,157
  • Oct 10, 2011 3:45am Oct 10, 2011 3:45am
DOLLAR H4 update: H4 TL is broken now. Looks like next support is @ MP.

http://img143.imageshack.us/img143/3...h410102011.png
  • #1,158
  • Oct 10, 2011 4:37am Oct 10, 2011 4:37am
Just closed this.. cause i see hesitation on.. UDindex and DXY charts.. enter at hoz line with cross.. used 15 min and 5 min to make enter point.. managed trade on what i was seeing on UDindex and DXY shorter term charts..
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 12 KB
  • #1,159
  • Oct 10, 2011 4:41am Oct 10, 2011 4:41am
Quoting danc
Just closed this.. cause i see hesitation on.. UDindex and DXY charts.. enter at hoz line with cross.. used 15 min and 5 min to make enter point.. managed trade on what i was seeing on UDindex and DXY shorter term charts..
Dan did you drink some of that juice in the morning?

http://popsop.ru/wp-content/uploads/...tuff_group.jpg

Good trade and good entry too, congrats!
  • #1,160
  • Oct 10, 2011 4:45am Oct 10, 2011 4:45am
http://img685.imageshack.us/img685/4498/eu10102011.png
M15 EU channel top reached. Also ADR is out. also 3560-80 is early september reversal area on EU.

Nice timing Dan!
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