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Price Action and Trading Discussion

  • #141
  • Nov 7, 2011 2:36am Nov 7, 2011 2:36am
Quoting dan89
EUR 15min closed above RN ...
No matter, if price can give up a good reversal candle at this level, good chance price continuation to the downside...

Need a nice 2bar pattern again would be ideal.

But, pity prices had to break past the 3700 however
  • #142
  • Nov 7, 2011 2:37am Nov 7, 2011 2:37am
Quoting Musashi
No matter, if price can give up a good reversal candle at this level, good chance price continuation to the downside...

Need a nice 2bar pattern again would be ideal.

But, pity prices had to break past the 3700 however
Still bearish sentiment at the moment though.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #143
  • Nov 7, 2011 2:37am Nov 7, 2011 2:37am
Quoting DarkWolF
Yes unfortunately that does happen... Very frustrating when it does though, but if it was on the flip side and it went the other way you would be happy. The joys of trading
That's right.
  • #144
  • Nov 7, 2011 2:38am Nov 7, 2011 2:38am
If these swings can stay roughly the same, nice healthy trend will take place.
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  • #145
  • Nov 7, 2011 2:39am Nov 7, 2011 2:39am
Quoting Musashi
If these swings can stay roughly the same, nice healthy trend will take place.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #146
  • Nov 7, 2011 2:46am Nov 7, 2011 2:46am
lost 11 pips on this. Like E/U isn't decisive enough today.
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  • #147
  • Nov 7, 2011 2:48am Nov 7, 2011 2:48am
Quoting ipnee
lost 11 pips on this. Like E/U isn't decisive enough today.
Isnt EU like that every damm day
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #148
  • Nov 7, 2011 2:50am Nov 7, 2011 2:50am
Well lets see if the area of the trend line can hold it.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #149
  • Nov 7, 2011 2:52am Nov 7, 2011 2:52am
Quoting ipnee
lost 11 pips on this. Like E/U isn't decisive enough today.
Well price is right back to my entry... after being quite a bit up... now don't you just hate that...
  • #150
  • Nov 7, 2011 2:53am Nov 7, 2011 2:53am
Quoting Musashi
Well price is right back to my entry... after being quite a bit up... now don't you just hate that...
Indeed, bloody annoying when that happens.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #151
  • Nov 7, 2011 2:56am Nov 7, 2011 2:56am
Quoting DarkWolF
Well lets see if the area of the trend line can hold it.
What do you guys think of that pinbar that formed on 5min at the trend line
  • #152
  • Nov 7, 2011 2:58am Nov 7, 2011 2:58am
Quoting DarkWolF
Isnt EU like that every damm day
It is DW I'm short again will 10 pips sl and tp due to the strong rally up.

Edit: I lost this too.
  • #153
  • Nov 7, 2011 2:58am Nov 7, 2011 2:58am
Quoting dan89
What do you guys think of that pinbar that formed on 5min at the trend line
A bearish bar closing at this level and I would short it.
  • #154
  • Nov 7, 2011 3:00am Nov 7, 2011 3:00am
Quoting dan89
What do you guys think of that pinbar that formed on 5min at the trend line
This is the exact set up I was talking about before Dan. The high forming, the trend line drawn, pullback to that level.

Will it work out.... well lets see.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #155
  • Nov 7, 2011 3:01am Nov 7, 2011 3:01am
Quoting ipnee
It is DW I'm short again will 10 pips sl and tp due to the strong rally up.
Here's hoping it works out for you this time ipnee.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #156
  • Nov 7, 2011 3:02am Nov 7, 2011 3:02am
Quoting DarkWolF
This is the exact set up I was talking about before Dan. The high forming, the trend line drawn, pullback to that level.

Will it work out.... well lets see.
Nope.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #157
  • Nov 7, 2011 3:02am Nov 7, 2011 3:02am
Quoting DarkWolF
This is the exact set up I was talking about before Dan. The high forming, the trend line drawn, pullback to that level.

Will it work out.... well lets see.
Well I guess this is some news related movement now.... stopped out on that one..
  • #158
  • Nov 7, 2011 3:04am Nov 7, 2011 3:04am
Quoting DarkWolF
This is the exact set up I was talking about before Dan. The high forming, the trend line drawn, pullback to that level.

Will it work out.... well lets see.
Yep, btw thanks for your earlier charts and explanations. im learning bit by bit

I decided not to take the short trade since price had broken past and closed above the other 2 areas where there were shorting opportunities, and it was right on the news .. which pushed price higher
  • #159
  • Nov 7, 2011 3:04am Nov 7, 2011 3:04am
That was a news related move, hmmm I wasnt keeping an eye on that.

Short on AUDUSD 4 hourly not starting off too well.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #160
  • Nov 7, 2011 3:06am Nov 7, 2011 3:06am
Quoting dan89
What do you guys think of that pinbar that formed on 5min at the trend line
pinbar (or what I call shooting star) at the top of a parabolic move can mean just resting before it shoots higher. And it did taking my 10-pip sl
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