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High velocity trading

  • #1,561
  • Oct 14, 2011 7:45am Oct 14, 2011 7:45am
UCAD to break even and out for the day. Aside from 1690-1700 on GOLD I can't see much activity today. See you guys next week!
  • #1,562
  • Oct 14, 2011 7:46am Oct 14, 2011 7:46am
Quoting ruffryders
UCAD to break even and out for the day. Aside from 1690-1700 on GOLD I can't see much activity today. See you guys next week!
Adjusted TP to 9944
  • #1,563
  • Oct 14, 2011 7:49am Oct 14, 2011 7:49am
Quoting ruffryders
UCAD to break even and out for the day. Aside from 1690-1700 on GOLD I can't see much activity today. See you guys next week!
thanks for guidance this week
see you on monday
  • #1,564
  • Oct 14, 2011 7:50am Oct 14, 2011 7:50am
Quoting jaimini
thanks for guidance this week
see you on monday
yeah hopefully a good weekend too!

http://topmusic.su/uploads/posts/200...c_id76921.jpeg
  • #1,565
  • Oct 14, 2011 7:55am Oct 14, 2011 7:55am
Dan have a good weekend mate! Some good trading you've done this week, impressive stuff!

Send out some mint too if you don't mind, so I can mix myself a proper mohito in West Siberia.

http://www.gardenaction.co.uk/images/mint_apple.jpg
  • #1,566
  • Oct 14, 2011 7:55am Oct 14, 2011 7:55am
juhu the girls
byby ruffryders,
have a nice weekend,and see you on monday!
  • #1,567
  • Oct 14, 2011 7:57am Oct 14, 2011 7:57am
have you a micro acount?

Quoting jaimini
i took +ve hedge and put 0 point SL and it is closed when PA crossed 1674

but now my profit is 45$ and i'm loosing my nerves
  • #1,568
  • Oct 14, 2011 8:05am Oct 14, 2011 8:05am
Guys, while I'm waiting for the driver to come pick me up, I did a quick analysis on EJ H4. Looks like a good setup to go LONG, after the LINE break, indicated on the chart.

Alternatively, if a reversal H1-H4 candle pops up @ 107, you can short sell for 105. Still upside looks more interesting, if LINE is broken to the upside - TP is @ 110 (+300 points).

Looks like a setup worth checking out, probably not this week, but next week for sure.

http://img823.imageshack.us/img823/6...an14102011.png
  • #1,569
  • Oct 14, 2011 8:09am Oct 14, 2011 8:09am
Quoting stevebalmmer
have you a micro acount?
no i have exness mini account

minimum lot 0.01 lot (1K)
  • #1,570
  • Oct 14, 2011 8:15am Oct 14, 2011 8:15am
http://t1.gstatic.com/images?q=tbn:A...CrIKs8Q5UmvQoA

Dollar going downhill now.
  • #1,571
  • Oct 14, 2011 8:16am Oct 14, 2011 8:16am
Gold is running
  • #1,572
  • Oct 14, 2011 8:22am Oct 14, 2011 8:22am
Quoting ruffryders
Dan have a good weekend mate! Some good trading you've done this week, impressive stuff!

Send out some mint too if you don't mind, so I can mix myself a proper mohito in West Siberia.

http://www.gardenaction.co.uk/images/mint_apple.jpg
Yeah,, U 2.. R.R..
Mint Hey.. i got it growing like a bush here.. Live at a place called Belongal Beach.. old whaling station.. abt 50 meters from the sand..be on the beach at day break abt 5.5 hrs time do so every morn.. rain hail or shine.. at the mo Whales heading back south.. this morning about 5 of them .. abt a stones throw from surfs edge.. most eastly point in Aussie.. I am truly blessed.... All have a good one..
  • #1,573
  • Oct 14, 2011 8:38am Oct 14, 2011 8:38am
Quoting danc
Yeah,, U 2.. R.R..
Mint Hey.. i got it growing like a bush here.. Live at a place called Belongal Beach.. old whaling station.. abt 50 meters from the sand..be on the beach at day break abt 5.5 hrs time do so every morn.. rain hail or shine.. at the mo Whales heading back south.. this morning about 5 of them .. abt a stones throw from surfs edge.. most eastly point in Aussie.. I am truly blessed.... All have a good one..
wow, sounds like you got yourself a nice operation going on there for sure! I used to study and live in Auckland, New Zealand. Stayed last couple of years at a place called Piha Beach. Very nice wind and good location for surfing generally.

But man, you got whales, that's awesome! If you can grab some photos and post would be great! Have a good weekend mate!
  • #1,574
  • Oct 15, 2011 1:26am Oct 15, 2011 1:26am
GOLD NEW WEEK OUTLOOK

http://img832.imageshack.us/img832/6...3015102011.png

It's clear that GOLD M30 did a TRIPLE TOP @ M30 and PA got rejected @ TL.

REcommended to initially short SELL @ OPEN TP @ 1668 SL @ 1684. We need to see PA reaction upon reaching of 1668, if this fails, PA will slide further down to 1661 level.

Generally I also recommend to watch for reversal upon PA reaching 1668 and/or 1661 and get in LONG for TP @ 1692 (MP) and 1714.

Guys, gold is entering a STRONG GROWTH PERIOD, starting next week, so SHORTs have to be technically perfect setups, and my recommendation is to BUY DIPS.
  • #1,575
  • Oct 15, 2011 1:41am Oct 15, 2011 1:41am
http://img28.imageshack.us/img28/761...d115102011.png

On GOLD it's important not to loose sight of the BIG PICTURE. This is a daily CHART OF GOLD

1) We are well supported by the TL now
2) Price contained within the CONTAINER
3) Once container breaks out - strong reaction expected
4) Current PA configuration points @ further upside
5) QP is 1675 MP is 1692 QR1 is 1870 MR1 is 1851.
6) Once BOX breaks and MP is broken (1692) we will head MUCH HIGHER
7) INITIAL UPSIDE TARGETS - 1730 then 1800-1810 and finally 1850-1870
8) AMR on GOLD is 215 dollars right now
9) We are @ 15th October now - half way through the month
10) October GOLD LOW is 1596
11) Lets project October HIGH now using AMR
12) GOLD HIGH = 1596 + 215 = 1811
13) So BOTTOMLINE: we can expect upside of at least 1811 on GOLD this month.

Overall my view: BUY DIPS on GOLD, once BOX BROKEN - LONG from 1690-1700 area TP1 1730 TP2 1800-1810. Other targets likely to be contained for the November 2011.
  • #1,576
  • Oct 15, 2011 1:55am Oct 15, 2011 1:55am
http://img31.imageshack.us/img31/9780/euh815102011.png

ABOVE IS EU H8 CHART

1) Above MP
2) Above QP
3) TL BROKEN @ 3620
4) PA 95% probability will reach 4000
5) 4000-4060 pullback is EXPECTED
6) Currently LONG only
7) Resistance seen @ 3940 and 4060
8) Monthly range is already over extended - meaning Risk is shifting to downside
9) This means in turn that upon PA reaching 4000-4060 area we need to look for reversal and SHORT SELL

AS a summary - LONG until we hit 4000-4060, then reverse SHORT for 3800.
  • #1,577
  • Oct 15, 2011 1:58am Oct 15, 2011 1:58am
Quoting ruffryders
http://img269.imageshack.us/img269/1...h414102011.png

Dan Dollar looking very weak near that line (on H4 chart)
Guys, on DOLLAR I maintain my view. As I posted previously further weakness is expected, dollar already broke the line on the chart and is trading @ 76.60 below Quarter Pivot and below Month Pivot. Further downside is VERY OBVIOUS NOW. 75.20-40 area should offer STRONG SUPPORT for the DOLLAR. When Dollar will reach this area, one can look to short sell EU/AU/GU and look to buy UCAD.
  • #1,578
  • Oct 15, 2011 1:59am Oct 15, 2011 1:59am
http://img24.imageshack.us/img24/422...te15102011.png

Here's the updated USDX H4 chart. As expected WEAK LINE was broken and now we are rolling down the hill guys.
  • #1,579
  • Oct 15, 2011 2:03am Oct 15, 2011 2:03am
Quoting ruffryders
http://img718.imageshack.us/img718/8...ks14102011.png

Here are the two recent UCAD TL breaks, the one before was good for +150 points, lets see what this one here gives now.
UCAD Update. Some of you guys loaded shorts @ 0160-80 area, as recommended previously and indicated by a clean TL break. Current price is 0102. I'm myeself in and as posted previously adjusted TP to 9940-9980 (that's + 240 points).

If you still got this going I recommend to keep UCAD shorts. This trade will be good for at least +200 points.
  • #1,580
  • Oct 15, 2011 2:05am Oct 15, 2011 2:05am
Quoting ruffryders
Guys, while I'm waiting for the driver to come pick me up, I did a quick analysis on EJ H4. Looks like a good setup to go LONG, after the LINE break, indicated on the chart.

Alternatively, if a reversal H1-H4 candle pops up @ 107, you can short sell for 105. Still upside looks more interesting, if LINE is broken to the upside - TP is @ 110 (+300 points).

Looks like a setup worth checking out, probably not this week, but next week for sure.

http://img823.imageshack.us/img823/6...an14102011.png
Update on EJ H4. 107 was broken and price is stalled there (current is 107.14). Let's play this smart - LONG 107.40-60 SL 25 TP 110. Short @ 106.70-90 SL 25 TP 105. This setup can be STRADDLED with good SUCCESS.
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