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High velocity trading

  • #1,621
  • Oct 17, 2011 3:27am Oct 17, 2011 3:27am
http://img838.imageshack.us/img838/1...abovewp171.png

Guys, GOLD was a classic H1 TL break above Weekly Pivot = Long ONLY.
  • #1,622
  • Oct 17, 2011 3:28am Oct 17, 2011 3:28am
Quoting ruffryders
http://img838.imageshack.us/img838/1...abovewp171.png

Guys, GOLD was a classic H1 TL break above Weekly Pivot = Long ONLY.
Pretty much best to do your OWN TLs on the chart, use indicator as a guideline only.
  • #1,623
  • Oct 17, 2011 3:29am Oct 17, 2011 3:29am
Quoting ruffryders
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.
Dan no reason to short AU/EU/GU, since dollar hasn't bottomed out yet, and you are right, there is a stron upwards sloping TL support, so can't short now really - buying dippers only.
  • #1,624
  • Oct 17, 2011 3:31am Oct 17, 2011 3:31am
a pullback on EU, which I don't like, but just have to sit this out.
  • #1,625
  • Oct 17, 2011 3:45am Oct 17, 2011 3:45am
In germany, a Fondsmanager say, the Goldprice next year go over 2000.
  • #1,626
  • Oct 17, 2011 3:49am Oct 17, 2011 3:49am
here we go guys last chance to get in LONG @ a discount on GOLD. It's gonna shoot through 1700 soon time.
  • #1,627
  • Oct 17, 2011 3:53am Oct 17, 2011 3:53am
Quoting stevebalmmer
In germany, a Fondsmanager say, the Goldprice next year go over 2000.
Yeah, but that's not gonna help us trade the spot market. But that's true, since gold recently took a chance @ 1922, so it did go above 1900, so reasonable to assume that it will try for 2000 before end of this year.
  • #1,628
  • Oct 17, 2011 4:24am Oct 17, 2011 4:24am
Quoting ruffryders
here we go guys last chance to get in LONG @ a discount on GOLD. It's gonna shoot through 1700 soon time.
stuck at 1694
  • #1,629
  • Oct 17, 2011 4:29am Oct 17, 2011 4:29am
Quoting jaimini
stuck at 1694
yeah, regular mind tricks PA does after TL break. I'd say pullback is expected and it's tiring for sure.

I closed EU and EJ with -14 and -17. I only got GOLD LONGs going on since 84 and added @ 92. Got UCAD going since Friday. GCAD wasn't able to wake myself up @ market open.
  • #1,630
  • Oct 17, 2011 4:30am Oct 17, 2011 4:30am
i'm fairly confident in GOLD long trade, and will look to add some more once we clear 96-98 area. TP @ 1730.
  • #1,631
  • Oct 17, 2011 4:31am Oct 17, 2011 4:31am
Quoting jaimini
stuck at 1694
looks like all order going in wrong direction
  • #1,632
  • Oct 17, 2011 4:31am Oct 17, 2011 4:31am
EU and EJ playing BULL tricks, so I felt that over exposure was unnecessary
  • #1,633
  • Oct 17, 2011 4:34am Oct 17, 2011 4:34am
Quoting jaimini
looks like all order going in wrong direction
yeah, I closed 1692 gold LONG. now only 84 long going and SL @ 76
  • #1,634
  • Oct 17, 2011 4:35am Oct 17, 2011 4:35am
Quoting ruffryders
yeah, I closed 1692 gold LONG. now only 84 long going and SL @ 76
it's price action playing BS tricks that's all. EJ and EU direction is set - it's UP. EJ 110 and EU 4000. but PA will do tricks, and I just don't feel like having a stop loss at 40-60 pips.
  • #1,635
  • Oct 17, 2011 4:36am Oct 17, 2011 4:36am
Quoting ruffryders
EU and EJ playing BULL tricks, so I felt that over exposure was unnecessary
  • #1,636
  • Oct 17, 2011 4:36am Oct 17, 2011 4:36am
Quoting ruffryders
http://img838.imageshack.us/img838/1...abovewp171.png

Guys, GOLD was a classic H1 TL break above Weekly Pivot = Long ONLY.
gold's doing a pullback to the base of the TL break, but I personally think we will stop @ 84-87 area and then proceed higher.
  • #1,637
  • Oct 17, 2011 4:53am Oct 17, 2011 4:53am
Please tell me if you would like to keep this info out of your thread, i would understand.

There were two groupings of BIDs at 1688.30 and 1688.00 that were taken out. The next significant grouping is at 1665/6.

ASKs are at 1700 and 1701.95.

Please keep in mind this is L2 provided by my broker and may vary broker to broker. - Ive been seeing what happens at these BID/ASK groupings and it may be useful to someone, though I have yet to figure out a good way to incorporate the info into my strategy.

We also just past the 38.2 fib of this last leg up from open. The BIDs at 1688 were at the 38.2
  • #1,638
  • Oct 17, 2011 5:44am Oct 17, 2011 5:44am
Not showing many strength to go up...it's tricky to enter.
  • #1,639
  • Oct 17, 2011 5:54am Oct 17, 2011 5:54am
Quoting ruffryders
gold's doing a pullback to the base of the TL break, but I personally think we will stop @ 84-87 area and then proceed higher.
seems like it will go down till 65
leaving me in huge loss
  • #1,640
  • Oct 17, 2011 5:57am Oct 17, 2011 5:57am
Quoting jaimini
seems like it will go down till 65
leaving me in huge loss
M15 chart displaying TL break for short target 77
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