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High velocity trading

  • #1,741
  • Oct 19, 2011 10:16pm Oct 19, 2011 10:16pm
Quoting ruffryders
Obviously TP was reached and now looking to re-enter SHORT upon break below 1600. TP @ 1540-60 area. Might take some time though.
BRENT is on the way to 100 dollar mark, GOLD will melt down now.
  • #1,742
  • Oct 19, 2011 10:19pm Oct 19, 2011 10:19pm
Quoting danc
FK... ..RR sorry about indicators.. here is the rite clean chart..was FKNG shure there was none on.. will check every chart be foore i post from now..
I agree with you Dan. I'd say upside on EU very limited right now. Short selling at current and below MP/WP is a good idea. SL around 3740 should be plenty enough, I'd say PA won't get there any time soon.
  • #1,743
  • Oct 19, 2011 10:21pm Oct 19, 2011 10:21pm
Quoting ruffryders
http://img710.imageshack.us/img710/8...h119102011.png

Same deal here on GOLD H1, just a different TL. M30 close above this TL = signal to get in LONG for 88-92 area. M30 close below 40 area signal to SHORT SELL TP @ 25
This was a great opportunity to get in SHORT, but apparently you guys were asleep at that time.
  • #1,744
  • Oct 19, 2011 11:04pm Oct 19, 2011 11:04pm
I think today and Friday (at closing when many investors buy EUR for weekend) gold may goes UP, that's why is not good time to sell is imho

RR: what G-price is good to BUY?

Just in case - Gold is 1614 when i'm typing (as admin may review my post some time)
  • #1,745
  • Oct 20, 2011 12:08am Oct 20, 2011 12:08am
Quoting magicgate
I think today and Friday (at closing when many investors buy EUR for weekend) gold may goes UP, that's why is not good time to sell is imho

RR: what G-price is good to BUY?

Just in case - Gold is 1614 when i'm typing (as admin may review my post some time)
Open up GOLD H4. We are below strong SUP/RES LINE @ 1628. There is now way you can go LONG now, unless H1 candle closes above 28-34 area.
  • #1,746
  • Oct 20, 2011 12:14am Oct 20, 2011 12:14am
Quoting magicgate
I think today and Friday (at closing when many investors buy EUR for weekend) gold may goes UP, that's why is not good time to sell is imho

RR: what G-price is good to BUY?

Just in case - Gold is 1614 when i'm typing (as admin may review my post some time)


Not right to sell? This SOB GOLD is going to 1540-60 area soon, we broke strong TL around 1650 area, so there is no escape now. Some EU BS fundies won't have effects on what's seen on the charts on HTF.
  • #1,747
  • Oct 20, 2011 12:19am Oct 20, 2011 12:19am
http://img202.imageshack.us/img202/6...d120102011.png

DAILY BRENT PA contained within downwards sloping channel. PA can't go much higher beyond WP. We are clearly approaching MP now. Once MP is broken, you can expect BRENT to go down to at least 100 dollar mark!

Just my 2 cents as usual.
  • #1,748
  • Oct 20, 2011 12:34am Oct 20, 2011 12:34am
EU 60-80 area looks good to SHORT sell. Below MP/WP and TL break on H1.
  • #1,749
  • Edited 2:10am Oct 20, 2011 1:57am | Edited 2:10am
how do you mean about Gold?
I think short, the trend channel is ok.But i saw the long wicked candle from 9 o clock. tf 30.
Attached Image (click to enlarge)
Click to Enlarge Name: velocity.gif Size: 21 KB
  • #1,750
  • Oct 20, 2011 2:31am Oct 20, 2011 2:31am
Quoting ruffryders
EU 60-80 area looks good to SHORT sell. Below MP/WP and TL break on H1.
oopssie
  • #1,751
  • Oct 20, 2011 2:49am Oct 20, 2011 2:49am
Quoting stevebalmmer
how do you mean about Gold?
I think short, the trend channel is ok.But i saw the long wicked candle from 9 o clock. tf 30.
Steve could be a time for a 10-15 dollar LONG if we close M30-H1 above 1628 area. Otherwise I'd recommend to stay out.
  • #1,752
  • Oct 20, 2011 2:51am Oct 20, 2011 2:51am
thank you
  • #1,753
  • Edited 4:24pm Oct 20, 2011 4:22pm | Edited 4:24pm
EUUD.. Day.. total indicision..I cant pick it... if i was to say a direction i would say down... based on the UD Index.. day 4 hr and 1 hr.. raw charts.... I reckon last nite the Index they were playing with. it.. BUT i dont really know.. Just gonna try to score some point off trend line breaks..
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 17 KB
  • #1,754
  • Oct 20, 2011 8:19pm Oct 20, 2011 8:19pm
Quoting danc
EUUD.. Day.. total indicision..I cant pick it... if i was to say a direction i would say down... based on the UD Index.. day 4 hr and 1 hr.. raw charts.... I reckon last nite the Index they were playing with. it.. BUT i dont really know.. Just gonna try to score some point off trend line breaks..
Yeah this one right now is a touch call, doing CONSO, so direction unclear still.
  • #1,755
  • Oct 20, 2011 9:56pm Oct 20, 2011 9:56pm
gold sold @ 1626 tl +10-15 sl 5
  • #1,756
  • Oct 20, 2011 10:03pm Oct 20, 2011 10:03pm
http://s1.postimage.org/5bnunolpm/GO...21_10_2011.png

GOLD M15 TL break. TLs constantly deliverying profitable setups, you just gotta be here to spot one.
  • #1,757
  • Oct 20, 2011 11:03pm Oct 20, 2011 11:03pm
Quoting ruffryders
gold sold @ 1626 tl +10-15 sl 5
didn't take chances and got out with -2.8.
  • #1,758
  • Oct 20, 2011 11:10pm Oct 20, 2011 11:10pm
morning ruffryders,
you are out of the short trade?
  • #1,759
  • Oct 20, 2011 11:14pm Oct 20, 2011 11:14pm
http://img821.imageshack.us/img821/7...011tlbreak.png

AU H1 TL break setup. Will only take an uspide break out (Above WP, Above MP). Nice clean setup worth taking.
  • #1,760
  • Oct 20, 2011 11:15pm Oct 20, 2011 11:15pm
Quoting stevebalmmer
morning ruffryders,
you are out of the short trade?
yeah took a hit here, Im out. It prolly will go lower, but if you plan to enter SHORT 22-24 looks like a better zone for selling now.
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