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Price Action and Trading Discussion

  • #5,901
  • Feb 26, 2020 9:22am Feb 26, 2020 9:22am
Quoting DarkWolF
{quote} Hi Marcnathan, There certainly is some good strong resistance areas at this level, and certainly a bearish pattern. Longer term view shows an opposite, pays to be cautious on the shorts in this case. Have some good strong target areas to keep your eyes on and have your stops in play. {image} {image}
Yes. You're on point with this and I only saw this when I decided to take one last good look at the chart. Been reading up from page 1 and I'm learning a lot from you. It's good to have you back. Keep them charts coming whenever you have time. Thanks.

-Marc
Patience and Discipline, these are the Holy Grail.
  • #5,902
  • Mar 1, 2020 6:54am Mar 1, 2020 6:54am
Quoting DarkWolF
. EURJPY 4 Hourly Short position taken with some clear potential target areas below. {image}
Took profit on this on Friday night. Closed the position out from my phone and was not around my PC to get any images. At time price was bouncing around the support area just below the blue line I marked as my TP.

It did however continue on down to the next major support area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY 4 Hourly.jpg Size: 209 KB
Click to Enlarge Name: EJ 4 Hourly TP.jpg Size: 220 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,903
  • Mar 2, 2020 4:25am Mar 2, 2020 4:25am
Quoting DarkWolF
{quote} Took profit on this on Friday night. Closed the position out from my phone and was not around my PC to get any images. At time price was bouncing around the support area just below the blue line I marked as my TP. It did however continue on down to the next major support area. {image} {image}
Price already reacted in the area you marked in the second pic. It didn't just stalled there. Price moved by a 100 pips. What do you think of the area I marked on my photo. You think price will react on that area?

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYmicroH4.png Size: 34 KB
Patience and Discipline, these are the Holy Grail.
  • #5,904
  • Mar 2, 2020 5:53am Mar 2, 2020 5:53am
Quoting marcnathan88
{quote} Price already reacted in the area you marked in the second pic. It didn't just stalled there. Price moved by a 100 pips. What do you think of the area I marked on my photo. You think price will react on that area? {image}
Hi Marc,

Absolutely I thought price would react in this area

Took a short position, however I have a break even in play already.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Entry 4 Hourly.png Size: 29 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,905
  • Mar 2, 2020 6:02am Mar 2, 2020 6:02am
EURJPY 4 Hourly

Moved to a break even position on this one.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 1.jpg Size: 195 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,906
  • Mar 6, 2020 5:22am Mar 6, 2020 5:22am
Quoting DarkWolF
EURJPY 4 Hourly Moved to a break even position on this one. {image}
Hi guys,

This one was taken out at the break even level.

Have had a bit of sickness with our little tackers this week so have not been at the PC to much for any images or trades.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,907
  • Mar 10, 2020 8:06am Mar 10, 2020 8:06am
Well I finally got all my platforms that I use for looking at multiple analysis at once set up again.

Will look to get some regular analysis going again now.

Been quite a bit of volatility over the last few days, certainly a time to place trades with some caution behind them.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,908
  • Mar 11, 2020 7:12am Mar 11, 2020 7:12am
EURJPY 4 Hourly

Took this short on EJ 4 hourly. Was looking to target the area at one of the orange arrows marked below.

Unfortunately I did not have TP orders in play and missed the area as it was overnight my time.

With the price congestion that is currently playing out in area of the price gap, I decided to get out of this position with some profit rather than put a break even position in and look to target the area below again.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ 4 Hourly Entry.jpg Size: 166 KB
Click to Enlarge Name: EJ 4 Hourly TP.jpg Size: 172 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,909
  • Mar 11, 2020 7:41am Mar 11, 2020 7:41am
GBPJPY

Can areas of price congestion be traded ?

I would think so.

Look for the areas, and be patient. Wait for price to be just where you expect it to react from.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 166 KB
Click to Enlarge Name: 2.jpg Size: 155 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,910
  • Mar 16, 2020 7:28am Mar 16, 2020 7:28am
EURUSD Daily

There is currently a lot of key areas being tested across multiple pairs, along with a fair bit of market volatility in play.

EURUSD has some clear areas that are being respected. This can lead to some clear areas to trade into or away from.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Daily 1603.jpg Size: 139 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,911
  • Mar 16, 2020 7:31am Mar 16, 2020 7:31am
EURJPY 4 Hourly

Current short position I have in play on EJ 4 hourly
Attached Image (click to enlarge)
Click to Enlarge Name: EJ entry 1603.jpg Size: 163 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,912
  • Mar 16, 2020 7:40am Mar 16, 2020 7:40am
GBPJPY

We all know price can go either way, but key areas like this in line with the overall market sentiment you just cant go past.

Daily view shows a good area to be looking take profit or at least be looking to protect some of your position.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ 4 Hourly 1603.jpg Size: 123 KB
Click to Enlarge Name: GJ Daily 1603.jpg Size: 159 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,913
  • Mar 16, 2020 7:47am Mar 16, 2020 7:47am
Quoting DarkWolF
GBPJPY We all know price can go either way, but key areas like this in line with the overall market sentiment you just cant go past. Daily view shows a good area to be looking take profit or at least be looking to protect some of your position. {image} {image}
EURJPY 4 Hourly

Position closed, happy to close this one around my first TP target area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ entry 1603.jpg Size: 163 KB
Click to Enlarge Name: EJ TP 1603.jpg Size: 169 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,914
  • Mar 17, 2020 7:11am Mar 17, 2020 7:11am
EURJPY 4 Hourly

Short position taken today on EJ. With the current volatility I took the position off at the start of my target area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ Entry 17-03.jpg Size: 165 KB
Click to Enlarge Name: EJ TP 1703.jpg Size: 173 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,915
  • Mar 17, 2020 9:37pm Mar 17, 2020 9:37pm
Whoa you're back! So glad to see your charts again!
  • #5,916
  • Mar 17, 2020 10:21pm Mar 17, 2020 10:21pm
1 candle system live trade....
Inserted Video
i'm ever lose $2000, now time to go grow up
  • #5,917
  • Mar 18, 2020 5:49am Mar 18, 2020 5:49am
I wanted to find out what information (information only please) about the decline in oil prices.
Is buying today thinking that oil will come back up after resolving the fight against Russia is a right thought? For example, buy oil now on 25-26 with the money wiping down to 13 and doubling the money to 39. This sounds like a very solid deal.
Thank you
  • #5,918
  • Mar 18, 2020 6:26am Mar 18, 2020 6:26am
Quoting jhehe
Whoa you're back! So glad to see your charts again!
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,919
  • Edited 9:11am Mar 18, 2020 6:31am | Edited 9:11am
EURUSD 4 Hourly

An interesting level to keep an eye on. Has certainly been some downward pressure on this one. Price broke up hard out of the daily range to the 1.500 area. Hard back down.

1.100. Will it hold as resistance or act as support.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 4hr 18-03.jpg Size: 137 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #5,920
  • Mar 18, 2020 6:38am Mar 18, 2020 6:38am
Quoting eucheuri
I wanted to find out what information (information only please) about the decline in oil prices. Is buying today thinking that oil will come back up after resolving the fight against Russia is a right thought? For example, buy oil now on 25-26 with the money wiping down to 13 and doubling the money to 39. This sounds like a very solid deal. Thank you
Hi Eucheuri,

Unfortunately oil is not something that I actively follow.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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