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High velocity trading

  • #1,461
  • Oct 14, 2011 1:16am Oct 14, 2011 1:16am
Quoting stevebalmmer
gold my TP is 1685.
Steve, I think you are onto it with this, the deal with GOLD is that it managed three higher lows on H1 channel bottom, so clearly a bullish sign.
  • #1,462
  • Oct 14, 2011 1:17am Oct 14, 2011 1:17am
IF GU does a pullback to 00-30 area, it's a good BUY. SL 20-25 pips or so.
  • #1,463
  • Oct 14, 2011 1:20am Oct 14, 2011 1:20am
Bought this on trend line break.. just closed for a few pips... Not sure of this or that Index is heading south..Think i will have acup of mint tea out of my garden and wait a while.....I will buy again if it breaks top trend line...not shown here just formed
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 13 KB
  • #1,464
  • Oct 14, 2011 1:22am Oct 14, 2011 1:22am
yes 3 higher lows,
take my tp?
Quoting ruffryders
Steve, I think you are onto it with this, the deal with GOLD is that it managed three higher lows on H1 channel bottom, so clearly a bullish sign.
  • #1,465
  • Oct 14, 2011 1:22am Oct 14, 2011 1:22am
Quoting ruffryders

Guys, while we talk girls/cars here, EURO made a run for it. Perfect TL break with +40 already.

Would be good if someone can help me monitor majors (EU/GU/AU/UCAD) for TL breaks on M15-M30-H1 timeframes.
I saw that TL break
but my Manager called me for status meeting

so couldn't notify
  • #1,466
  • Oct 14, 2011 1:23am Oct 14, 2011 1:23am
Quoting danc
Bought this on trend line break.. just closed for a few pips... Not sure of this or that Index is heading south..
http://img4.imageshack.us/img4/5425/eum30141020111.png

Dan it's better to use M15-M30. Also better setups have proper symmetry, seen on this chart here. I'd say EU 3850 is cast in stone already, above that we'll have to see. But still I figure not long before we hit 4000 area.
  • #1,467
  • Oct 14, 2011 1:24am Oct 14, 2011 1:24am
Quoting stevebalmmer
yes 3 higher lows,
take my tp?
Id prolly TP @ 1675 part and keep rest for 88-92
  • #1,468
  • Oct 14, 2011 1:27am Oct 14, 2011 1:27am
RR.. Thanks..
  • #1,469
  • Oct 14, 2011 1:28am Oct 14, 2011 1:28am
Quoting ruffryders
Id prolly TP @ 1675 part and keep rest for 88-92
when is th g20 meeting planned and i read somewhere that it will boost gold price

also i read in some other thread
that current volume is not big so gold will go down and then rise with big volume
and then we can expect 1720+
  • #1,470
  • Oct 14, 2011 1:28am Oct 14, 2011 1:28am
over the WP , can make a good run
Quoting ruffryders
Id prolly TP @ 1675 part and keep rest for 88-92
  • #1,471
  • Oct 14, 2011 1:28am Oct 14, 2011 1:28am
Quoting danc
.Think i will have acup of mint tea out of my garden and wait a while.....
Sir that sounds like a great idea. Send me some mint too, sounds like you got a good operation going on there.
  • #1,472
  • Oct 14, 2011 1:32am Oct 14, 2011 1:32am
http://img684.imageshack.us/img684/5...tl14102011.png

Guys this is BRENT H4 chart. We have reversed @ MP. Also supported by a strong TL. We are going higher. This will support metals and majors.
  • #1,473
  • Oct 14, 2011 1:37am Oct 14, 2011 1:37am
how many pips you have make last month ruffryders?
  • #1,474
  • Oct 14, 2011 1:37am Oct 14, 2011 1:37am
Quoting ruffryders

Guys this is BRENT H4 chart. We have reversed @ MP. Also supported by a strong TL. We are going higher. This will support metals and majors.
  • #1,475
  • Oct 14, 2011 1:40am Oct 14, 2011 1:40am
look at silver, it make a run!
  • #1,476
  • Oct 14, 2011 1:47am Oct 14, 2011 1:47am
Quoting stevebalmmer
how many pips you have make last month ruffryders?
I can't really track that easily in my platform, I had a 13% return on equity in september - nothing to write back home about. Mostly made money towards end of the month on GOLD.

But in terms of pips I generally aim for 400-800. 6-9 good trades, or 12-15 average (50 pips) trades. It's supposed to work this way, however you also have loosing trades. So pretty much I make anywhere in range of 20-30 trades per month, excluding GOLD.
  • #1,477
  • Oct 14, 2011 1:55am Oct 14, 2011 1:55am
400-800 pips without Gold?
Quoting ruffryders
I can't really track that easily in my platform, I had a 13% return on equity in september - nothing to write back home about. Mostly made money towards end of the month on GOLD.

But in terms of pips I generally aim for 400-800. 6-9 good trades, or 12-15 average (50 pips) trades. It's supposed to work this way, however you also have loosing trades. So pretty much I make anywhere in range of 20-30 trades per month, excluding GOLD.
  • #1,478
  • Oct 14, 2011 1:57am Oct 14, 2011 1:57am
yeah looks like AU/EU/GU will retreat afterall, H1 looks like a rev candle now. might be a pullback before we proceed higher.
  • #1,479
  • Oct 14, 2011 1:58am Oct 14, 2011 1:58am
Quoting stevebalmmer
400-800 pips without Gold?
yeah I try to aim for 100-125 pips on average.
  • #1,480
  • Oct 14, 2011 2:02am Oct 14, 2011 2:02am
Quoting ruffryders
yeah I try to aim for 100-125 pips on average.
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