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High velocity trading

  • #1,381
  • Oct 13, 2011 5:00am Oct 13, 2011 5:00am
http://img689.imageshack.us/img689/4...ak13102011.png

silver TL break quoted previously
  • #1,382
  • Oct 13, 2011 5:00am Oct 13, 2011 5:00am
Quoting ruffryders
yes and no. Technically TL was broken earlier on larger TF and that means that likely we will rech 3680 area now
what would be SL if I go short now

and also can you help me in deciding SL for this TL break setup
  • #1,383
  • Oct 13, 2011 5:01am Oct 13, 2011 5:01am
Quoting jaimini
what would be SL if I go short now

and also can you help me in deciding SL for this TL break setup
stay out now and look to BUY dips instead. Already missed a good part of the move.
  • #1,384
  • Oct 13, 2011 5:04am Oct 13, 2011 5:04am
Quoting ruffryders
stay out now and look to BUY dips instead. Already missed a good part of the move.
http://img851.imageshack.us/img851/7...ak13102011.png

EU M30 chart. Best (still) is do construct TL on your own. Use indicator just to give you hints. I prefer manual TL construction, over automatic.
  • #1,385
  • Oct 13, 2011 5:06am Oct 13, 2011 5:06am
Quoting ruffryders
http://img851.imageshack.us/img851/7...ak13102011.png

EU M30 chart. Best (still) is do construct TL on your own. Use indicator just to give you hints. I prefer manual TL construction, over automatic.
I guess manual TL construction will take some time
Thanks a lot in past two days I learned alot
  • #1,386
  • Oct 13, 2011 5:07am Oct 13, 2011 5:07am
i would like go short on silver!
target 31.92 is this ok?
  • #1,387
  • Oct 13, 2011 5:08am Oct 13, 2011 5:08am
Quoting stevebalmmer
i would like go short on silver!
target 31.92 is this ok?
31.46 should be TP looks OK to me, but I'm not a SILVER PRO TRADER.

Looks OK personally Steve.
  • #1,388
  • Oct 13, 2011 5:10am Oct 13, 2011 5:10am
Quoting jaimini
I guess manual TL construction will take some time
Thanks a lot in past two days I learned alot
takes time and practice for sure = I'm at least a decade into the journey, and still not perfect yet.
  • #1,389
  • Oct 13, 2011 5:12am Oct 13, 2011 5:12am
http://img338.imageshack.us/img338/2...ak13102011.png

BRENT looks like a TL break too and retreat to MP now
  • #1,390
  • Oct 13, 2011 5:57am Oct 13, 2011 5:57am
Quoting ruffryders
ok sold some GOLD SL @ 80 TP @ 50-52. Based on SILVER TL break.
so do you still think we will reach our target
  • #1,391
  • Oct 13, 2011 6:02am Oct 13, 2011 6:02am
Quoting jaimini
so do you still think we will reach our target
yeah 100% confident here trading GOLD means being patient pretty much.
  • #1,392
  • Oct 13, 2011 6:48am Oct 13, 2011 6:48am
Quoting ruffryders
yeah 100% confident here trading GOLD means being patient pretty much.
Ok I got out of the trade, since H1 rev candle looks like forming @ channel bottom.
  • #1,393
  • Oct 13, 2011 6:50am Oct 13, 2011 6:50am
Quoting ruffryders
Ok I got out of the trade, since H1 rev candle looks like forming @ channel bottom.
http://img546.imageshack.us/img546/2...h113102011.png
  • #1,394
  • Oct 13, 2011 6:52am Oct 13, 2011 6:52am
price stalled and clearly looks like it's going to reverse.

Might be the time to reverse LONG, I'm considering this now
  • #1,395
  • Oct 13, 2011 6:57am Oct 13, 2011 6:57am
Quoting ruffryders
price stalled and clearly looks like it's going to reverse.

Might be the time to reverse LONG, I'm considering this now
OK, I'm taking a LONG setup. entry @ 1671.45. REVERSE LONG SL 1664 TP1 1692 TP2 1714.
(H1 green reversal candle @ channel bott / TL).
  • #1,396
  • Oct 13, 2011 6:59am Oct 13, 2011 6:59am
Gold my sl is at 1673.70
on the trendline 3 candles to make a long trade.
i waite a little time, and then i look.Gold go long.?
  • #1,397
  • Oct 13, 2011 7:01am Oct 13, 2011 7:01am
Quoting ruffryders
OK, I'm taking a LONG setup. entry @ 1671.45. REVERSE LONG SL 1664 TP1 1692 TP2 1714.
(H1 green reversal candle @ channel bott / TL).
You know what guys I kinda hate days like this, but then again you do what you gotta do, the setup is right there on the chart.

The channel was modified, the slope became more steep, and the new TL is acting as strong support now (seems like anyway)
  • #1,398
  • Oct 13, 2011 7:04am Oct 13, 2011 7:04am
Quoting stevebalmmer
Gold my sl is at 1673.70
on the trendline 3 candles to make a long trade.
i waite a little time, and then i look.Gold go long.?
Yeah Steve I already bought, the setup in there on the chart I posted previously. Probably above 1675 is a safer ENTRY LONG now, but I took my chances.

I closed my gold short with a minor profit anyway.
  • #1,399
  • Oct 13, 2011 7:10am Oct 13, 2011 7:10am
i have a little profit, sl was arived.
is the wicked make a reversal, i go long at 1670.00
  • #1,400
  • Oct 13, 2011 7:13am Oct 13, 2011 7:13am
Quoting ruffryders
Yeah Steve I already bought, the setup in there on the chart I posted previously. Probably above 1675 is a safer ENTRY LONG now, but I took my chances.

I closed my gold short with a minor profit anyway.
ok I got stopped out and now stepping aside.

Proably will reach 50-55 area now and I will look upon price action if we get there.
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