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ruffryders replied Sep 20, 2011Yeah Brent does often times correlate with Gold. Also swift moves on Brent will have an affect on currencies as well, especially AU and GU. The link is argued, etc etc, however the key levels on Brent are always worth watching. Frequently Brent ...
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ruffryders replied Sep 20, 2011yeah I agree, it was a good setup, though I get very tired of slow price action and get out. Patience not the strongest trait of my character I guess. Gimme +100 in an hour or die.
Actually that works out fine for me. I reduced by SL to 10-15 ...High velocity trading
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ruffryders replied Sep 20, 2011XAU USD was sold @ 1792 due to m15 BRENT reversal tight SL @ 1798. and will add below 1786
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ruffryders replied Sep 20, 2011image Need to keep an eye on the brent M15, see how that line holds / or gives way.

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ruffryders replied Sep 20, 2011I always look @ an hourly close @ such a decisive point, last 5 minutes can make or break a setup, seen that way too many times. So will wait for the hourly close and then decide. Brent is looking good and does in fact support XAU reversal.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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ruffryders replied Sep 20, 2011for what's it worth I like your attitude!

XAU/USD & XAG/USD - Gold & Silver Traders Thread
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ruffryders replied Sep 20, 2011also sold EU and EJ with a very tight stop (15). brent, xau looking good for reversal. got out of GU due to M30 indecision. Managed to lockin small pips on EGBP.
Nothing special at this stage. All eyes on gold now.High velocity trading
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ruffryders replied Sep 20, 2011image Ill wait for 50 fibo + TL tech confluence before going short.

XAU/USD & XAG/USD - Gold & Silver Traders Thread
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ruffryders replied Sep 20, 2011XAU USD looking to initiate a short sell order @ 1794-1798. Will look for M30 candlestick confirmation though. Trying for M30 TL rejection here and 50 fib confluence. image
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ruffryders replied Sep 20, 2011EGBP is gonna go higher, cause it's at WP and supported by TL. Reason it will go higher is that GU will go up faster than EU for sure.
Here's H1 EGBP chart. Notice how it's supported @ tech confluence area. Can't short it right now. image High velocity trading
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ruffryders replied Sep 20, 2011If you want to cash out on XAUUSD weakness this week be patient and wait for the highlighted area to be cleared. Check BRENT charts for proper timing of the trade too. I like my entries done on M30 with at least one M30 red candle strongly below the ...
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ruffryders replied Sep 20, 2011image Just to post a quick update on XAUUSD H3. PA cracked 50 fibo @ tech confluence with TL. Currently floating @ MP. Want to see highlighted area cleared, before proceeding to the final TP.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
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ruffryders replied Sep 20, 2011image Quick update on XAUUSD H3. Want to see the highlighted area taken out before short selling. Obvious that we didn't arrive at the TP on shorts. PA cracked @ tech confluence of TL @ 50 fibo. Currently floating around MP.
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ruffryders replied Sep 20, 2011why do I look to get in long GU? PA will attempt to close the Sunday gap. Confidence=high.

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ruffryders replied Sep 20, 2011image Let's consider W1 EURUSD for a sec. I'd say a fair expectation is for PA to reach 3360-3380 area this week. And then start looking for reversal. This week high is 3720. AWR on EU is 360-400 points. 3720-360 = 3360. Pretty close to my ...
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ruffryders replied Sep 20, 2011GU looking to enter long above 5705 for 5780 alternatively below 5647 short for 5563
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ruffryders replied Sep 20, 20111763 looks like the next stop and likely to provide some support for PA to do a retrace.
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ruffryders replied Sep 20, 2011Also the deal is that it's not about calls really, although I do feel inclined to post setups, which I feel are worthwhile. I just hope someone can learn and apply some of the techniques I use. For instance, trading gold just purely by doing gold ...
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ruffryders replied Sep 20, 2011Looks like gold is expiring as we speak. I'm goingshort below 1757 as indicated previously.
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