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High velocity trading

  • #1,201
  • Oct 11, 2011 5:29am Oct 11, 2011 5:29am
Quoting ruffryders
yeah gold alone delivers good results, you just need to use my template basically on M5/M15/M30. M5 for entries / M15-M30 for trade management and analysis.

This week for me it's also GOLD only, since my analysis on majors basically is void so I have to rethink and rearrange my plan fast.
can you tell how to use your template on M5 chart for entries

Thanks
  • #1,202
  • Oct 11, 2011 5:36am Oct 11, 2011 5:36am
Quoting ruffryders
ahahahah, well, I feel like I'm wasting time here really, here @ FF seems like they are more interested in ranting and boasting primarily.

Way back in 2004 Moneytec was a much more dynamic place for sure, here I just post now and again if I spot smthg worthy.
i think trading gets a lonely job and posting on a public forum is like telling someone what you doing i do wonder why we bother sometimes aswell.....ahwell each to there own..hav a great day .
  • #1,203
  • Oct 11, 2011 5:38am Oct 11, 2011 5:38am
My templates look always different, than to you. If I must change in the settings something else. But perhaps it also lies in broker.alpari uk I have.
  • #1,204
  • Oct 11, 2011 5:40am Oct 11, 2011 5:40am
Quoting trj6911
i think trading gets a lonely job and posting on a public forum is like telling someone what you doing i do wonder why we bother sometimes aswell.....ahwell each to there own..hav a great day .
I actually got a full-time job. The deal is that I'm more interested in someone actually applying instead of just taking trades.. Way back @ Moneytec there was a nice group of contrarian traders, and it was interesting and refreshing to be a part of that group. I posted live calls there for a few years too.

Here @ FF I only follow 2 threads. Azim's and the one on Gold (which is full of boasting and ranting, ). Both threads are very good.
  • #1,205
  • Oct 11, 2011 5:45am Oct 11, 2011 5:45am
just FYI here's one of the threads where I posted live calls for a while.

http://www.moneytec.com/forums/f228/...e-part1-20287/
  • #1,206
  • Oct 11, 2011 5:51am Oct 11, 2011 5:51am
Quoting ruffryders
just FYI here's one of the threads where I posted live calls for a while.

http://www.moneytec.com/forums/f228/...e-part1-20287/
and this one right here.

http://www.moneytec.com/forums/f228/...-trades-22423/
  • #1,207
  • Oct 11, 2011 5:56am Oct 11, 2011 5:56am
Ruffryders, maybe some people don't post here, but i'm certain that many are reading and taking your advice. I'm one of them!

I applied your template and indicators, but i still can't see the signals. And fear plays also along, so I don't catch many good trades. Since I entered Gold, i had huge losses, I'm trying to recover all loss, but it's not easy...
  • #1,208
  • Oct 11, 2011 6:03am Oct 11, 2011 6:03am
Quoting ruffryders
and this one right here.

http://www.moneytec.com/forums/f228/...-trades-22423/

moneytec threads are dead see 2 posts today what happened ? other than that lots of well constructed posts there ...
  • #1,209
  • Oct 11, 2011 6:03am Oct 11, 2011 6:03am
I rarely log on, but this one of several threads on various sites I have set as my home page. I consider this an integral part of my strategy.

I am still holding longs from 1833 level, currently worth -$19k or so. Its painful, but this thread, as well as others, help me by confirming my strategy, and alerting me when I may be wrong... but most important, it helps curb my fear, and my greed.

I have been doing some spread trading to survive while we hover here in the 1600's, and your posts have gone a long way to help me keep my head above water.

Thank you.
  • #1,210
  • Oct 11, 2011 6:09am Oct 11, 2011 6:09am
Quoting ruffryders
http://img641.imageshack.us/img641/4...0101020112.png

Had a decent entry upon TL break, TP is highlighted on the M30 chart. Upside is initially @ 1675-80 area. TPing @ 1675 probably.
Guys, yesterday, the entry was based on the template. Price did a TL break, was above pivot and you had a clean ENTRY LONG.
  • #1,211
  • Oct 11, 2011 6:13am Oct 11, 2011 6:13am
http://img855.imageshack.us/img855/5...ev10102011.png

That's where TL broke on H1 GOLD yesterday.

Yes, you gotta put some lines in manually, but you can't expect good returns without the proper effort.
  • #1,212
  • Oct 11, 2011 6:15am Oct 11, 2011 6:15am
Quoting jaimini
can you tell how to use your template on M5 chart for entries

Thanks
I will do a tutorial today on using the template to place trades on GOLD smaller time-frames.

Generally on first page there are a few tutorials/charts with good explanation on proper entries.
  • #1,213
  • Oct 11, 2011 6:18am Oct 11, 2011 6:18am
Quoting dnvg
Ruffryders, maybe some people don't post here, but i'm certain that many are reading and taking your advice. I'm one of them!

I applied your template and indicators, but i still can't see the signals. And fear plays also along, so I don't catch many good trades. Since I entered Gold, i had huge losses, I'm trying to recover all loss, but it's not easy...
good to know that. Hang in there. Meanwhile reduce your exposure (lots), tighten your SL and don't overtrade. On currencies I advise 10-20 pips SL regardless of the currency pair. If the trade is properly picked this SL will be good, if the ENTRY is WRONG you will loose a lot regardless.

So one rule I follow all the time - using a very tight SL. Basically the trade needs to run my direction upon being triggered.

On GOLD SL is up to 500 points (5 dollars). But reduce lots and exposure. Be aware of psycho levels on gold - they are 00 25 50 75. Be careful not to enter too close to the psych levels.
  • #1,214
  • Oct 11, 2011 6:21am Oct 11, 2011 6:21am
Quoting Exsilium
I rarely log on, but this one of several threads on various sites I have set as my home page. I consider this an integral part of my strategy.

I am still holding longs from 1833 level, currently worth -$19k or so. Its painful, but this thread, as well as others, help me by confirming my strategy, and alerting me when I may be wrong... but most important, it helps curb my fear, and my greed.

I have been doing some spread trading to survive while we hover here in the 1600's, and your posts have gone a long way to help me keep my head above water.

Thank...
YOu gotta review the quarterly levels for position trading. Currently we are below both QP and MP. I won't be too happy to hold longs since 1833, though GOLD generally is strong late October - year end. So you might be in good shape. Overall though I can't recommend such an exposure on GOLD. Get in and out for 10-20 dollars at a time. For swing trading I'd suggest to use ETFs instead of spot market.
  • #1,215
  • Oct 11, 2011 6:26am Oct 11, 2011 6:26am
Quoting ruffryders
I will do a tutorial today on using the template to place trades on GOLD smaller time-frames.

Generally on first page there are a few tutorials/charts with good explanation on proper entries.
Thanks for your kindness
I'm noob in this and read the first page before asking for help
but its difficult for a newbie to grasp everything in one go
I'm S/W engr by profession and leanings trading and thinking to use my s/w knowledge to earn some real profit

Thanks
  • #1,216
  • Oct 11, 2011 6:29am Oct 11, 2011 6:29am
http://img268.imageshack.us/img268/9...1511102011.png

This is M15 GOLD using my template (page1). In shi channel you input ALLBARS 240 and BARSFORFRACT 60. Your entry is M15 red candle below WR1 upon upper TL rejection. There is also a hidden TL break here (which is obvious to pickup really!)
  • #1,217
  • Oct 11, 2011 6:31am Oct 11, 2011 6:31am
http://img513.imageshack.us/img513/6...5111020112.png

Here's the GOLD M15 TL BREAK, which was a trigger to short sell @ 78.
  • #1,218
  • Oct 11, 2011 6:33am Oct 11, 2011 6:33am
Quoting ruffryders
http://img513.imageshack.us/img513/6...5111020112.png

Here's the GOLD M15 TL BREAK, which was a trigger to short sell @ 78.
And YES it was a rising wedge pattern on M15, so YES you gotta know the basic pattern setups. Although I didn't treat it as a wedge, just TL break.

http://www.chartpatterns.com/images/2wedges.gif
  • #1,219
  • Oct 11, 2011 6:40am Oct 11, 2011 6:40am
http://img831.imageshack.us/img831/2...h411102011.png

Lets look @ EU H4. Using 1440 and 240 settings for the SHI CHANNEL NOW. We can see that EU looks like going lower. Probably good to short sell. Can we pick a better entry? Probably yes, if we zoom into the LTF and look for a TL break now. PA attempted to breach the Monthly Pivot, failed to do so and heading lower now. Also area coincides with previous EU reversal (21st September 2011). So that means the are where PA failed to breach MP is a valid reversal area. So probably a good entry short was @ 3640-60 area.
  • #1,220
  • Oct 11, 2011 6:45am Oct 11, 2011 6:45am
http://img851.imageshack.us/img851/2...3011102011.png

Zoom into EU M30 to look for a better entry. BAD news - you have to construct proper TLs (lines) on your own. You do so by picking the line, which best fits highs/lows. The one in the middle I reckon does so fairly well. Now basically I would look for PA to break this TL and aim for TP close/near WP. Also we can construct the next TL, which will provide some support and hints on TPing as well.
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