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High velocity trading

  • #1,321
  • Oct 12, 2011 6:58am Oct 12, 2011 6:58am
bravehearts can also look to short sell AU. AU AWR is already out. downside beats upside now 10 to 1.

I'm done for the day though with the currencies.
  • #1,322
  • Oct 12, 2011 7:01am Oct 12, 2011 7:01am
GU is definately a good buy, it prolly will do CONSO in 20-40 area and then shoot to 5880. I like 5880 cause it's also close to QP.
  • #1,323
  • Oct 12, 2011 7:03am Oct 12, 2011 7:03am
216 points are very good.
iam only at aud-usd.at Gold i am stay on the sideline.



Quoting ruffryders
out with +39. not a bad day overall. 94 on AU / 83 on GU earlier and now 39. Totals @ 216 points for the day.

Calling it a day.
  • #1,324
  • Oct 12, 2011 7:09am Oct 12, 2011 7:09am
Quoting stevebalmmer
216 points are very good.
iam only at aud-usd.at Gold i am stay on the sideline.
AU you need to take profits and move on to the next one. The correction might be on the way now. Weekly range is out. Daily range is out. I can't recommend holding it right now.
  • #1,325
  • Oct 12, 2011 7:11am Oct 12, 2011 7:11am
Quoting ruffryders
AU you need to take profits and move on to the next one. The correction might be on the way now. Weekly range is out. Daily range is out. I can't recommend holding it right now.
In fact Steve, AMR (monthly) only 70 points of upside left now. Downside on AU is 800 points right now.

So I guess the idea is to be at least careful right now. AMR is not a HOLY GRAIL. But it would seem to me we already close to the weekly top right now.
  • #1,326
  • Oct 12, 2011 7:12am Oct 12, 2011 7:12am
Quoting ruffryders
http://img31.imageshack.us/img31/793...up12102011.png
DAN, to me AU, looks like on D1 RES TURN to SUP right now. Probably looks like we gonna break out to the top above MP (1.0020). TP is 180-200.

Looks like an interesting position trade to me.
Also guys don't forget this D1 AU charted, I posted earlier today. We are pretty close to the reversal zone now.
  • #1,327
  • Oct 12, 2011 7:13am Oct 12, 2011 7:13am
AU , sl is at 1.0120

Quoting ruffryders
AU you need to take profits and move on to the next one. The correction might be on the way now. Weekly range is out. Daily range is out. I can't recommend holding it right now.
  • #1,328
  • Oct 12, 2011 7:16am Oct 12, 2011 7:16am
EU AMR - UPSIDE 190 points. DOWNSIDE 760 points so EU prolly can do 3900-4000 area.

GU AMR - UPSIDE 260 points. DOWNSIDE 660 points GU prolly can do 6000.
  • #1,329
  • Oct 12, 2011 7:21am Oct 12, 2011 7:21am
Gold, big move up...
  • #1,330
  • Oct 12, 2011 7:33am Oct 12, 2011 7:33am
Quoting dnvg
Gold, big move up...
No no no, no big move up expected right now. ADR is out already, we are very close to TOP of the daily range. You can't enter @ TOP of daily range. I can only agree that right now GOLD does look bullish, but we need to see a daily close above 1675 (Quarterly Pivot) to consider going LONG. And it won't be during today's session. Can we do 1700 today? Maybe. But then again it's not good enough to enter @ TOP RANGE. Proper entry today was @ 1668-70 area, but I didn't take it, in part because I actually failed to spot a proper M30 break out (which was obvious looking back).

Anyhow for right now guys, keep it cool and come back tmrw. Today is done already.
  • #1,331
  • Oct 12, 2011 7:38am Oct 12, 2011 7:38am
gold,
MP line is at 1692!
tmrw i look is gold over the 1675?
youst i can go long.
  • #1,332
  • Oct 12, 2011 7:39am Oct 12, 2011 7:39am
http://img217.imageshack.us/img217/4...3012102011.png

Ok guys that's what I'm interested in on GU. Some CONSO near MP and then shoot up to 5880. Won't happen today, so just watch this space. Might be up tmrw.
  • #1,333
  • Oct 12, 2011 7:40am Oct 12, 2011 7:40am
Quoting stevebalmmer
gold,
MP line is at 1692!
tmrw i look is gold over the 1675?
youst i can go long.
tmrw LONG might be possible, YES.
  • #1,334
  • Oct 12, 2011 11:10pm Oct 12, 2011 11:10pm
I reckon Hi prob USD will rally up from this point..sorry cant post chart..so i will be looking for shorts on eu and Cable..will post eu day chart later.. if it does go hier max 100 points,.. but doubt it.. will be looking for price action for shorts
  • #1,335
  • Oct 12, 2011 11:57pm Oct 12, 2011 11:57pm
http://img195.imageshack.us/img195/2...3013102011.png

No there are no shorts planned on GU/EU. In fact the only setups to look out for right now are LONGs.

Suggested plan on GU on the chart. I'd wait for 60-80 area to be taken care of first.
  • #1,336
  • Oct 12, 2011 11:58pm Oct 12, 2011 11:58pm
GU/EU/AU above WP/MP and above strong previous resistance TLs. Bottom line: Currently LONG ONLY
  • #1,337
  • Oct 13, 2011 12:04am Oct 13, 2011 12:04am
http://img31.imageshack.us/img31/417/usdxh413102011.png


USDX HTF H4 chart. Clearly below WP/MP and more downside to follow now.
  • #1,338
  • Oct 13, 2011 12:07am Oct 13, 2011 12:07am
http://img137.imageshack.us/img137/2...ndpivot011.png

Dan as you can see H8 EU candle sitting right on top of quarterly pivot now (3780). Shorting is a no no right now.
  • #1,339
  • Oct 13, 2011 12:24am Oct 13, 2011 12:24am
http://img834.imageshack.us/img834/1...xw1dblbott.png

IEURX Weekly a clean DBL BOTT @ channel bottom with a strong green rev candle. More upside is available clearly.
  • #1,340
  • Oct 13, 2011 12:36am Oct 13, 2011 12:36am
EU/GU if you're feeling ballsy you can enter LONG now with 50 as SL. Otherwise I'd wait for recent CONSO zone highs to be broken properly, before going LONG. ADR to aid in TPing.

On EU probably 4000 is a good target. GU CAN do 6000, but 5850 will offer resistance for sure (QP)
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