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Price Action and Trading Discussion

Quoting njodogg
$GBPUSD update http://screencast.com/t/bRsocC2Lws
I have that one too, moving well. Looking to redeem yesterday .
Hi Guys,

Well it's Friday night here, time to kick back, relax with a cold beer then maybe a red wine or 2 and watch some charts. Cranking up my charts now. Let's see whats going on for the end of the week.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
EURNZD Daily:

Short position taken on EURNZD daily.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
Quoting FXEmpire
Got this gj long floating currently, set the tp above resistant for +90 but I be happy with 60 if it hesitates too much. This is off the recent sup turning into nice level with multiple touches, I already took some profit from it earlier this week.. its looking good this am a lot remains to be seen though. {image}
Be careful, it might be breaking out of the wedge, going south .
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Quoting jen101
{quote} Be careful, it might be breaking out of the wedge, going south . {image}
Hi Jen,

Ya' indeed, keeping a close eye on that area myself
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
Happy with the pips made but wish I had been awake to better manage this trade left some on the table. looks like its head to 6850 area

$GBPUSD http://screencast.com/t/TJt1qJibOt4
Quoting njodogg
Happy with the pips made but wish I had been awake to better manage this trade left some on the table. looks like its head to 6850 area $GBPUSD http://screencast.com/t/TJt1qJibOt4
Nice work
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
Quoting njodogg
Happy with the pips made but wish I had been awake to better manage this trade left some on the table. looks like its head to 6850 area $GBPUSD http://screencast.com/t/TJt1qJibOt4
Me too Just cashed in. 2 positions, 71 and 45 pips. to Draghi and EU and yesterday!
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Quoting jen101
{quote} Me too Just cashed in. 2 positions, 71 and 45 pips. to Draghi and EU and yesterday! {image}
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
Just to expand on the $GBPUSD if we check out the Daily Chart as well a completed ABCD pattern break may be happening today it will be tough to take this one as point B which was former resistance could now flip and be support but something to keep an eye on fore sure

http://screencast.com/t/D2nmUZrgw
Quoting njodogg
Just to expand on the $GBPUSD if we check out the Daily Chart as well a completed ABCD pattern break may be happening today it will be tough to take this one as point B which was former resistance could now flip and be support but something to keep an eye on fore sure http://screencast.com/t/D2nmUZrgw
Indeed, but the trendline is another key area to be keeping an eye on. Been holding above that for some time now.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
Also if anyone is interested I got my ABCD Indicator over here http://www.pointzero-trading.com/Pro...BCDRetracement
note no I have no affiliation with this website and this indicator is free not spamming. I have purchased a cpl of his products and have been very happy with the results.
Quoting DarkWolF
{quote} Indeed, but the trendline is another key area to be keeping an eye on. Been holding above that for some time now. {image}
Good Eye Wolf, Ill re examine! Thanks
Quoting DarkWolF
{quote} Indeed, but the trendline is another key area to be keeping an eye on. Been holding above that for some time now. {image}
Also Weekly looks to be present a pin bar at resistance

http://screencast.com/t/xmp6ckw0Pz
Quoting njodogg
{quote} Good Eye Wolf, Ill re examine! Thanks
Still solid support in that are you pointed out though. Holding above that key weekly support area.

As we know with the market anything can happen.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
Quoting DarkWolF
{quote} Indeed, but the trendline is another key area to be keeping an eye on. Been holding above that for some time now. {image}
This is why I exited where I did. It is hitting a support in an uptrend, but saying that, if today ends up being a big bearish candle, then we have 3 black crows and it should go down more. I don't have a clue what it will do, so got out .
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Quoting jen101
{quote} This is why I exited where I did. It is hitting a support in an uptrend, but saying that, if today ends up being a big bearish candle, then we have 3 black crows and it should go down more. I don't have a clue what it will do, so got out . {image}
No one ever went broke taking a profit
Quoting jen101
{quote} This is why I exited where I did. It is hitting a support in an uptrend, but saying that, if today ends up being a big bearish candle, then we have 3 black crows and it should go down more. I don't have a clue what it will do, so got out . {image}
You just need to be happy with the pips that you take though. Too many traders get caught up in thinking what if....... looked what I could of got if I just held on and it broke down.

A good logical area to be taking the pips that is for sure.

Trade your plan, take you pips, look for next opportunity.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
Quoting njodogg
{quote} No one ever went broke taking a profit
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
GJ breaking short nicely now
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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