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High velocity trading

  • #1,701
  • Oct 18, 2011 4:18am Oct 18, 2011 4:18am
Quoting stevebalmmer
lets go short, and make money.

You are on dukascopy, it is a good broker?
I'm short since 64-65, since it was a valid TL break. Yeah, I use DK and Interactive Brokers. DK liquidity is great (40-100 mln on majors is executed immediately).
  • #1,702
  • Oct 18, 2011 4:29am Oct 18, 2011 4:29am
EUUD.. am out plus 39..thats 160plus for tday.. good enough for me.. bldy CRACKER..time for some tucker..
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 10 KB
  • #1,703
  • Oct 18, 2011 5:33am Oct 18, 2011 5:33am
Just side ways..... Watching Cable Dragon.. EuUd... all same same short term patten thinking short but want 15/5 trigger..all lurking just under serious resistance... give it 1 more hr .. no action.. off to bed me..
  • #1,704
  • Oct 18, 2011 6:48am Oct 18, 2011 6:48am
Quoting ruffryders
BINGO!
Double BINGO! Patience is the name of the game.
  • #1,705
  • Oct 18, 2011 6:49am Oct 18, 2011 6:49am
Quoting ruffryders
http://img828.imageshack.us/img828/9...an18102011.png

GOLD H1 GAMEPLAN. TL BREAK + BELOW WP
Gold Update. A picture worth a thousand words, truly.

http://img508.imageshack.us/img508/5...date181020.png
  • #1,706
  • Oct 18, 2011 6:55am Oct 18, 2011 6:55am
Quoting ruffryders
Gold Update. A picture worth a thousand words, truly.

http://img508.imageshack.us/img508/5...date181020.png
http://1.bp.blogspot.com/_tc8qaFDHwb...-for-earth.jpg
  • #1,707
  • Oct 18, 2011 7:09am Oct 18, 2011 7:09am
I have been following....Cracker well played... The main to things i take from this thred are the persistance and patience u display... if one puts ones head around all the tech stuff and then applys these 2 things .. points will follow..
  • #1,708
  • Oct 18, 2011 7:21am Oct 18, 2011 7:21am
Is there any significant likelihood that we will see 1600 within the next week? I have a short that triggered at 1599 while I was sleeping some time ago that I put in place for emergency purposes to cover my longs and would like to get out of it. The question is, do I take the loss now, or give it more time to BE. I am considering getting out of it at the 1630/25 point.
  • #1,709
  • Oct 18, 2011 7:37am Oct 18, 2011 7:37am
Quoting Exsilium
Is there any significant likelihood that we will see 1600 within the next week? I have a short that triggered at 1599 while I was sleeping some time ago that I put in place for emergency purposes to cover my longs and would like to get out of it. The question is, do I take the loss now, or give it more time to BE. I am considering getting out of it at the 1630/25 point.
yeah 1600 should be a realistic option, 1530-50 could be ON some time soon as well, need to keep an open-mind. This thing (GOLD) get's rejected @ Monthly and Quarterly Pivot, and this is a good sign for more downside to come.
  • #1,710
  • Oct 18, 2011 7:42am Oct 18, 2011 7:42am
http://img137.imageshack.us/img137/2...ndpivot011.png

If you look strictly and Monthly and Quarterly levels, next significant monthly support is @ 1460, quarterly support @ 1426. So reasonable to assume that if we crack below 1600 now, we might arrive @ 1420-60 zone.
  • #1,711
  • Oct 18, 2011 7:43am Oct 18, 2011 7:43am
Quoting ruffryders
http://img137.imageshack.us/img137/2...ndpivot011.png

If you look strictly and Monthly and Quarterly levels, next significant monthly support is @ 1460, quarterly support @ 1426. So reasonable to assume that if we crack below 1600 now, we might arrive @ 1420-60 zone.
Important to note also the Quarterly Mid Pivot level, which is 1550 (1474+1426 divided by 2). 1550 could be a strong SUP level.
  • #1,712
  • Oct 18, 2011 7:49am Oct 18, 2011 7:49am
Quoting danc
I have been following....Cracker well played... The main to things i take from this thred are the persistance and patience u display... if one puts ones head around all the tech stuff and then applys these 2 things .. points will follow..
Exactly Dan, I'm definately not John Paulson, but this man had a very strong heart, when he shorted mortgage CDS contracts way back in 2007. Had to sit out through some major losses, before the deal turned his way. Ultimately he was 100% right onto it, just not that a mere mortal can sit out such turbulence and emerge with a solid return in the end. Still give you a great lesson - patience is required at all times. Can't just turn a solid profit straight away. Gotta kepp faith and things will turn out just fine in the end.
  • #1,713
  • Oct 18, 2011 7:51am Oct 18, 2011 7:51am
Quoting ruffryders
Double BINGO! Patience is the name of the game.
Just arrived! And missed that beautiful long red candle!
  • #1,714
  • Oct 18, 2011 9:54pm Oct 18, 2011 9:54pm
Dragon..15 min.. thinking short this one.. break of lower blue trend line..would be trigger.. not 12066 line.. marked by Hoz and dble ticks..is current day PPX and Month mid point... also looking at DXY and Index raw charts....candle pattens.... looks to me hier ground..
  • #1,715
  • Oct 18, 2011 10:25pm Oct 18, 2011 10:25pm
hy danc,
Gold is last day go long, Go over the weekly S1.
  • #1,716
  • Oct 18, 2011 10:31pm Oct 18, 2011 10:31pm
Good morning Ruffryders.
You are quite early on the morning .after the short chart , it went again upwards with the gold. This could go up to weekly pivot. However, we could also go again among them in 1650.
  • #1,717
  • Oct 18, 2011 11:37pm Oct 18, 2011 11:37pm
Hi,

I need decent advice on my investment plan

I'm already -1K$ and yesterday my account wiped completely
I'm only 3 month old in this trading and after analysing my 3 months, I find the main reason behind my loss is greediness.

now i'm planning to top op my account with 500$ and buy 0.02 lot, sell stop @1580-1600 of Gold and keep it for 1,2 months.
since I can't give enough time for leanings and tracking movement daily

please advice
  • #1,718
  • Oct 19, 2011 12:47am Oct 19, 2011 12:47am
Quoting greedywolf
Hi,

I need decent advice on my investment plan

I'm already -1K$ and yesterday my account wiped completely
I'm only 3 month old in this trading and after analysing my 3 months, I find the main reason behind my loss is greediness.

now i'm planning to top op my account with 500$ and buy 0.02 lot, sell stop @1580-1600 of Gold and keep it for 1,2 months.
since I can't give enough time for leanings and tracking movement daily

please advice
Ive been trading for almost 4 years now, and I still look for advice and education, its never ending process.

However, I will tell you this... FEAR and GREED are your two biggest enemies. You need to define your OWN rules/triggers and trade them no matter what. You can change your rules, but never let FEAR or GREED make you ignore your rules.

.02 lots with $500 is safe IMHO, however, IMHO your going the wrong direction. You should BUY LIMIT at that level, not SELL STOP. Long term trend, for now until the end of time is UP.

Ex
  • #1,719
  • Oct 19, 2011 1:00am Oct 19, 2011 1:00am
Quoting danc
Dragon..15 min.. thinking short this one.. break of lower blue trend line..would be trigger.. not 12066 line.. marked by Hoz and dble ticks..is current day PPX and Month mid point... also looking at DXY and Index raw charts....candle pattens.... looks to me hier ground..
Hey S.B... MMM is that so... ?

Re Dragon looks like i got that one wrong... gone the other way..MMM not in mood to nite mite do nthng...
  • #1,720
  • Oct 19, 2011 1:00am Oct 19, 2011 1:00am
Quoting Exsilium
Ive been trading for almost 4 years now, and I still look for advice and education, its never ending process.

However, I will tell you this... FEAR and GREED are your two biggest enemies. You need to define your OWN rules/triggers and trade them no matter what. You can change your rules, but never let FEAR or GREED make you ignore your rules.

.02 lots with $500 is safe IMHO, however, IMHO your going the wrong direction. You should BUY LIMIT at that level, not SELL STOP. Long term trend, for now until the end of time is UP.

Ex
Hi Exsilium,

Thanks for your precious time,
IMHO reason for sell stop was to ensure that my account won't get wiped if PA falls to 1400 level. I know 1400 possibility is less but not nil so in that case what would be better strategy.
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