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Price Action and Trading Discussion

  • #41
  • Oct 28, 2011 3:15am Oct 28, 2011 3:15am
Quoting DarkWolF
Took EU long again at the bottom of the range area. +16 pips
I hopped it would go higher. Smart of you
  • #42
  • Oct 28, 2011 3:19am Oct 28, 2011 3:19am
Quoting bumapatria
well i am currently underwater, no matter. few scouts. my full force is here, for that i am short over 2x. supply zone on daily marked with a yellow rectangle.

this is a saturn synodic cycle chart. and in few days we are entering moon cycle from an up move, so im guessing possible down move soon.
Hi bumapartria,

I have not clue whatsoever about your drawings, but I'm short the E/U since yesterday and looking for 100 pips.

ipnee
  • #43
  • Oct 28, 2011 3:20am Oct 28, 2011 3:20am
Quoting ipnee
I played this nice rang with 41 pips.
Nice work there ipnee played the range well
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #44
  • Oct 28, 2011 3:22am Oct 28, 2011 3:22am
Breaking the lows, still the RN to contend with but looking like that is not going to hold.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #45
  • Oct 28, 2011 3:24am Oct 28, 2011 3:24am
fans. they are based on these angles.
i only use the 1x1, 2x1, 4x1 angles. they to me seem most significant. here is where they are



 

  1. 1х8 — 82.5 degree
  2. 1х4 — 75 degree
  3. 1х3 — 71.25 degree
  4. 1х2 — 63.75 degree
  5. 1х1 — 45 degree
  6. 2х1 — 26.25 degree
  7. 3х1 — 18.75 degree
  8. 4х1 — 15 degree
  9. 8х1 — 7.5 degree

Attached Image (click to enlarge)
Click to Enlarge Name: cycle and bounces.gif Size: 41 KB
Have I got something on my face, SOLDIER?
  • #46
  • Oct 28, 2011 3:25am Oct 28, 2011 3:25am
Quoting ipnee
Hi bumapartria,

I have not clue whatsoever about your drawings, but I'm short the E/U since yesterday and looking for 100 pips.

ipnee
its short looking no worries
thts my bias

call me buma.
Have I got something on my face, SOLDIER?
  • #47
  • Oct 28, 2011 3:25am Oct 28, 2011 3:25am
Quoting DarkWolF
Nice work there ipnee played the range well
As it's breaking lower at the moment, it looks like we were among the very last people who played it successfully. I like this feeling, but I know I cannot do it every time and should not have it as my goal
  • #48
  • Oct 28, 2011 3:28am Oct 28, 2011 3:28am
even better.
im more of a swinger trader and im thinking 3970. demand zone at least but its nearing cycle so maybe we might see a large impulse wave reversal, but im possibly expecting that next week
Have I got something on my face, SOLDIER?
  • #49
  • Oct 28, 2011 3:35am Oct 28, 2011 3:35am
Quoting ipnee
As it's breaking lower at the moment, it looks like we were among the very last people who played it successfully. I like this feeling, but I know I cannot do it every time and should not have it as my goal
Dont write off the RN area just yet

Quite often price will over shoot the area, knock out the stops that are sitting there and shoot off again.

If it can show some price confirmation that the asian session lows are going to hold then maybe we can be looking short.

Yes indeed ipnee, range is just like a trend, eventually it will be broken and you will get stopped out. Pays not to be too greedy when trading. Take your pips and maybe come back a bit later and see what is going on.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #50
  • Oct 28, 2011 4:02am Oct 28, 2011 4:02am
price seems to just be pivoting around that RN.
  • #51
  • Oct 28, 2011 5:51am Oct 28, 2011 5:51am
Quoting DarkWolF
Looks like that target was pretty spot on for ya' gun... nice work.
Missed my TP by 4 pips. But price action still looks conducive for more downwards movement so I'm holding. Stop set to conserve 15 pips of profit.
  • #52
  • Oct 28, 2011 6:27am Oct 28, 2011 6:27am
Quoting thegunslinger
Missed my TP by 4 pips. But price action still looks conducive for more downwards movement so I'm holding. Stop set to conserve 15 pips of profit.
Been pretty quiet on the 4 hourly charts, current open positions have not done too much tonight. Guess that is to be expected this time of day on a Friday.

4 pips, thats pretty close to your target. Still holding or did you close it out ?
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #53
  • Oct 28, 2011 7:28am Oct 28, 2011 7:28am
Closed out at 1.0670. Didn't like that it hadn't broken below 1.0660 in 3 attempts. And now we're back above 1.0700 so a smart call.
  • #54
  • Oct 28, 2011 2:11pm Oct 28, 2011 2:11pm
Quoting thegunslinger
Closed out at 1.0670. Didn't like that it hadn't broken below 1.0660 in 3 attempts. And now we're back above 1.0700 so a smart call.
Still a nice trade for ya.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #55
  • Oct 30, 2011 3:59am Oct 30, 2011 3:59am
Interested to see what happens early next week with EU.

The daily chart showing the long term trend line has once again been reached.
Attached Image (click to enlarge)
Click to Enlarge Name: EU daily.jpg Size: 212 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #56
  • Oct 30, 2011 10:58pm Oct 30, 2011 10:58pm
Quoting bumapatria
its short looking no worries
thts my bias

call me buma.
I have just opened my platform to see my target limit was hit earlier at 1.4071 and the price even moved quite a bit beyond it.
  • #57
  • Oct 31, 2011 12:19am Oct 31, 2011 12:19am
Hi guys,

Looks like BOJ have done some work today.

Just opened up platforms for the day. Trail hit on AUDUSD, BE hit on USDJPY, TP hit on AUDJPY and CADJPY was taken out for a loss with stop loss being triggered.

That closes out all my open positions, so guess its time to start looking for some new opportunities. Lets see what the charts will have to offer.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #58
  • Oct 31, 2011 12:35am Oct 31, 2011 12:35am
Quoting DarkWolF
Interested to see what happens early next week with EU.

The daily chart showing the long term trend line has once again been reached.
Probably no surprise on this move.

Lets see if price can make it back to that clear flip area, although some support evident in the area its at now. 100 more pips unitl the next area though.
Attached Image (click to enlarge)
Click to Enlarge Name: eu daily 1.jpg Size: 194 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #59
  • Oct 31, 2011 1:38am Oct 31, 2011 1:38am
Quoting DarkWolF
Hi guys,

Looks like BOJ have done some work today.

Just opened up platforms for the day. Trail hit on AUDUSD, BE hit on USDJPY, TP hit on AUDJPY and CADJPY was taken out for a loss with stop loss being triggered.

That closes out all my open positions, so guess its time to start looking for some new opportunities. Lets see what the charts will have to offer.
After 2 complete weeks from the time at which they said they'd do something. Good that you had some a BE and stops in place. I warned you man
  • #60
  • Oct 31, 2011 3:57am Oct 31, 2011 3:57am
Quoting ipnee
After 2 complete weeks from the time at which they said they'd do something. Good that you had some a BE and stops in place. I warned you man
Indeed you did
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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