High velocity

Traders welcome. This will be used to post / review potential trade setups primarily FX/Gold and some stocks/options also. Let's get started.

trade that I took on GOLD recently. very good R/R trade, heading into FOMC strong confidence that USDX will kick into high gear and send gold prices plunging. The 220+ USD rally in gold is not sustaineable, we need a deep retracement on that move before a new move might transpire.

Aud usd d1 short trade setup. Sl is 7680. Tp is 6840.

long GU setup wait for daily pivot break TP is 4320.

NU potential long trade setup waiting for london open see if we break above DP today

pending order GU LONG @ 4205 SL 40 TP 4295 /// NU LONG @ 6636 SL 40 TP 6726.

eur usd diamond pattern on H4 short sell @ market now TP 9556 SL 20 points. Once we hit 9550-65 area LONG SL 40 TP1 1.12 TP2 1.14 offload 50/50

potential H&S on USDX daily. If we break below the neckline today, than it's an all out rally in EU/AU/DAX/S&P.

NU H4 review. Price is to keep pushing higher. looking for reaction in the highlighted zone to initiate a long trade. until next week.

aussie dollar review on H4 chart. This is a clear uptrend with a set of higher highs and higher lows. A healthy pullback is required for sure, however I don't see AUD USD trading below 7530-40 area next week, so still worth buying dips in a strong uptrend. Range is approximately 200 points, so this gives a target of 7720-40 for long trades next week. until then.

Also I don't like selling AU and NU. Unless otherwise stated recommended strat is only buy back on dips.

gold weekly chart review. currently gold is in a strong uptrend due to weak dollar / dovish FOMC / risk ON rally in commods across the board - that's why NU/AU and gold are best performing assets YTD in 2016.

I can't really pick a good entry to go LONG on gold currently. The high demand for gold ETFs as a safe heaven and alternative to holding USD will push prices higher still. I'm looking for an extended shark pattern on GOLD weekly chart, with likely reversal in the zone of 1330-1340. I would initiate short positions once we hit this area SL is 1356-1360 TP is 1120. This is a longer-term position trade which could last for 2-4 months, and we are still far away from potential entry point, however this is still a great risk/reward trade setup worth monitoring in real time. Until next time.

EUR AUD potential harmonic trade setup. Looking to confirm reversal @ 4920 short sell SL 40 points TP is 4780.

giant harmonic pattern on USDZAR monthly chart. This could be paradise for compounded carry traders. Also this could reinforce GOLD-bullish scenario mid-term, since ZAR is gold positively correlated currency.

new potential bull market in AUD USD. See details on the monthly chart. If we manage to break above 7800 it's a new bull market era in AUD USD. Let's wait and see what happens next, but this could be big!

pending orders for the new trading week.

AU LONG 7540-50 area SL 40 points TP is 7720
NU LONG 6740-50 area SL 40 points TP is 6890
GU LONG 4340-50 area SL 40 points TP is 4555

until later. asgcorp.

no point in fighting a strong uptrend in AUD USD, which is in wave 5 of the sequence since mid feb 2016. the trading strategy is still buy into dips and hold until 7700-7750. other strats will get yous in trouble.

Once we hit late stage wave 5 in 7700-7750 we could start looking for a corrective a/b/c downmove and initiate short trades.

preparing to short sell EUR GBP 7940-60 area SL 40 TP 7740

potential bullish cypher on GBPUSD H4 chart, we will wait for the confirmation, still 200+ points away from a potential turning zone.

my current projection of GBP USD price action. Downside still 200+ points left then we bottom out and reverse for 4350-4400

Thanks for sharing your analysis. Any thoughts on gold's drop today? kitco.com's news talks about improved risk appetite. I wonder if much of the YTD gains were an overreaction to the Fed floating the idea of a NIRP that won't happen and things are settling back down. I subscribe to a newsletter that has been bearish on gold since Feb and is very bearish right now. Thanks to listening to them I made a few bucks this morning on gold's drop, and am wondering how low gold could go (950 is the number in my mind.)