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High velocity trading

  • #1,481
  • Oct 14, 2011 2:04am Oct 14, 2011 2:04am
Quoting ruffryders
http://img718.imageshack.us/img718/2...3014102011.png7


GU M30
SO that could be a good chance to get in LONG on GU upon this retrace. I don't think that this is a game-changing retrace right now.
  • #1,482
  • Oct 14, 2011 2:06am Oct 14, 2011 2:06am
EU.. break 15 min trend line
  • #1,483
  • Oct 14, 2011 2:08am Oct 14, 2011 2:08am
Gold is on the WP 1,
we must wait, it can go higher!
  • #1,484
  • Oct 14, 2011 2:10am Oct 14, 2011 2:10am
hy RR,
how much is your SL on Gold?
  • #1,485
  • Oct 14, 2011 2:10am Oct 14, 2011 2:10am
Quoting danc
EU.. break 15 min trend line
Dan I think we can retreat to 3720-40 area, and unless there is some unexpected storng move, 3720-40 could be bought on EU.

I figure it's just a pullback no drama yet.
  • #1,486
  • Oct 14, 2011 2:11am Oct 14, 2011 2:11am
Quoting stevebalmmer
Gold is on the WP 1,
we must wait, it can go higher!
me too have long @ 1970
are you holding your long for 80-90
  • #1,487
  • Oct 14, 2011 2:13am Oct 14, 2011 2:13am
http://img696.imageshack.us/img696/6...h114102011.png

I had a cup of green tea, meditated for a while, and here's what I saw on EU H1. Pullback, that's all, Id look into buying the highlighted area.
  • #1,488
  • Oct 14, 2011 2:15am Oct 14, 2011 2:15am
Quoting jaimini
me too have long @ 1970
are you holding your long for 80-90
Guys please watch close of M30 candle near psycho level @ 1675. It could be a reversal candle there. Just be careful, don't go too heavy into the LONGs the moment is not yet there.
  • #1,489
  • Oct 14, 2011 2:16am Oct 14, 2011 2:16am
Gold 1675 is magical it would seem. I previously noted that L2 showed a bunch of orders at that level, which have been triggered and now the next grouping is at 1685.

Now, since the price didnt accelerate through that level, Im guessing those were short orders? In fact, it touched it and dropped 300 points in 3 minutes.

I had a long at 1671 which is now BE.
  • #1,490
  • Oct 14, 2011 2:20am Oct 14, 2011 2:20am
Quoting Exsilium
Gold 1675 is magical it would seem. I previously noted that L2 showed a bunch of orders at that level, which have been triggered and now the next grouping is at 1685.

Now, since the price didnt accelerate through that level, Im guessing those were short orders? In fact, it touched it and dropped 300 points in 3 minutes.

I had a long at 1671 which is now BE.
Exsilium that got nothing to do with Level 2. All psycho levels are important. They are 00 25 50 75.

http://img37.imageshack.us/img37/956...h114102011.png

The H1 chart with channels, psych levels and proper monthly/weekly pivots is all you need to do proper trading. This been posted 6 times here already and still is valid. No rocket science just plain TA here - which anyone can use.
  • #1,491
  • Oct 14, 2011 2:21am Oct 14, 2011 2:21am
EUUD... traded it on 5 min... just closed for a 22 and 6... as per trend lines ans arrow crosses.. reason i closed DXY approach 7740 which is mid point 1/4 range.. definatly going for cuppa now..whee hard work..Definatly second mint tea time..
Attached Image (click to enlarge)
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  • #1,492
  • Oct 14, 2011 2:24am Oct 14, 2011 2:24am
right now gold could be an interesting pullback play 67-69 short sell after proper M30 rev candle CLOSE TP I'd say @ 53
  • #1,493
  • Oct 14, 2011 2:28am Oct 14, 2011 2:28am
Quoting ruffryders
right now gold could be an interesting pullback play 67-69 short sell after proper M30 rev candle CLOSE TP I'd say @ 53
http://img198.imageshack.us/img198/5...nres141020.png

GOLD M30 we reached a strong resistance, provided by TL (previously support). Tech confluence with psych level @75 = probably will produce some reaction.7

Can't call the current M30 candle a proper reversal candle though = so we might slide through.
  • #1,494
  • Oct 14, 2011 2:29am Oct 14, 2011 2:29am
you go short entry 67 with TP 53?
but you wait,and make a entry with 53?

Quoting ruffryders
right now gold could be an interesting pullback play 67-69 short sell after proper M30 rev candle CLOSE TP I'd say @ 53
  • #1,495
  • Oct 14, 2011 2:30am Oct 14, 2011 2:30am
Quoting danc
EUUD... traded it on 5 min... just closed for a 22 and 6... as per trend lines ans arrow crosses.. reason i closed DXY approach 7740 which is mid point 1/4 range.. definatly going for cuppa now..whee hard work..Definatly second mint tea time..
great effort, still looks like a proper LONG to me, same as GU. GU will want to head lower, 20-40 area looks OK to BUYBACK.
  • #1,496
  • Oct 14, 2011 2:32am Oct 14, 2011 2:32am
Quoting stevebalmmer
you go short entry 67 with TP 53?
but you wait,and make a entry with 53?
no no no, it's not a short yet, the M30 was not a proper rev candle.
  • #1,497
  • Oct 14, 2011 2:33am Oct 14, 2011 2:33am
Quoting ruffryders
http://img696.imageshack.us/img696/6...h114102011.png

I had a cup of green tea, meditated for a while, and here's what I saw on EU H1. Pullback, that's all, Id look into buying the highlighted area.
This is very much VALID. I'm looking to get in LONG in the yellow area.
  • #1,498
  • Oct 14, 2011 2:37am Oct 14, 2011 2:37am
I got stopped out on UCAD since I've moved to BE. Now looking for re-entry. will probably time is with EU now.
  • #1,499
  • Oct 14, 2011 2:39am Oct 14, 2011 2:39am
Short again and long UDCAD..DXY on 5 min has closed above 1/4 mid point
  • #1,500
  • Oct 14, 2011 2:40am Oct 14, 2011 2:40am
Quoting ruffryders
no no no, it's not a short yet, the M30 was not a proper rev candle.
We want an H1 close in range of 70-72 to have a proper trigger to short sell. You don't sell immediately after hourly close, I'd wait for 67-69 before taking a trade.
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