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Price Action and Trading Discussion

  • #201
  • Nov 10, 2011 4:56am Nov 10, 2011 4:56am
Quoting DarkWolF
NZDUSD 4 hourly short. Looking for the lows and the RN to hold.
Nice !

Where was your stop loss on this one ? Just above the big bearish candle ? Im assuming thats the candle that you entered on aswell (break of low)
  • #202
  • Nov 10, 2011 5:19am Nov 10, 2011 5:19am
speaking of NZD, here's a NZD/JPY pending order for going long...the TP is perhaps a smidgin(ha) optomistic, We have decreasing volume and a nice candle pattern - but, we shall see. TP @ 62.260, SL @ 60.050

feedback welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 17.png Size: 32 KB
  • #203
  • Nov 10, 2011 5:24am Nov 10, 2011 5:24am
Quoting dan89
Nice !

Where was your stop loss on this one ? Just above the big bearish candle ? Im assuming thats the candle that you entered on aswell (break of low)
Hi Dan,

Ya I took this as a break out of the range area and had the stop placed above that candle yes. Still have no pips locked in as yet so until that happens its still a zero trade.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #204
  • Nov 10, 2011 5:28am Nov 10, 2011 5:28am
Quoting iamboston
speaking of NZD, here's a NZD/JPY pending order for going long...the TP is perhaps a smidgin(ha) optomistic, We have decreasing volume and a nice candle pattern - but, we shall see. TP @ 62.260, SL @ 60.050

feedback welcome.
Hi iamboston,

Ya I did eye that one off, RN, previous support and an area that was resistance. However with the breakout lower I decided if I was going to take this one I would rather see it pullback up and give me some indication of a continuation short. I may miss out on some pips but I guess thats trading cant get them all.

Hopefully for you the lower support holds as range and it heads back up to those resistance areas.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #205
  • Nov 10, 2011 5:32am Nov 10, 2011 5:32am
i'm a tad wary of it also, hence the pending order.hehe. not sure, if it doesn't fill in the next candle or two (depending) time for me to cancel the order and re-evaluate i think.
  • #206
  • Nov 10, 2011 5:39am Nov 10, 2011 5:39am
Quoting iamboston
i'm a tad wary of it also, hence the pending order.hehe. not sure, if it doesn't fill in the next candle or two (depending) time for me to cancel the order and re-evaluate i think.
If its going to hold the range then a move back up to the 62.00 level could be likely or at least to the bottom of that congestion area where resistance or at least a pause would be likely.

But as with all things trading, you never know what is going to happen, nothing is for certain, the market will do what the market will do.

There is a lot of support evident in this "area" on the daily and weekly charts.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #207
  • Nov 10, 2011 5:42am Nov 10, 2011 5:42am
I also contemplated a short on GBPAUD from the close of the last candle but thought I would wait and see if it makes it back to the support area and see if anything that may provide a long signal may eventuate.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #208
  • Nov 10, 2011 6:12am Nov 10, 2011 6:12am
Bit of news out in about an hour and a half. That could cause some movement to the USD pairs. May not be ideal for my current position but I think I will hold and see how it goes.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #209
  • Nov 10, 2011 2:34pm Nov 10, 2011 2:34pm
Quoting DarkWolF
Start of new 4 hour candle. Not much really on offer. Potential for AUDNZD keeping an eye on that one.

Have an open short position on NZDUSD from .78589 with a BE in place.
AUDNZD did not come to the party so nothing going there, but NZDUSD is still alive and kicking.

See how it plays out today.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #210
  • Nov 10, 2011 3:05pm Nov 10, 2011 3:05pm
damn man u like aud nzd? that pair trends well, but bad for scalpers like me with high spreads!
Have I got something on my face, SOLDIER?
  • #211
  • Nov 10, 2011 6:56pm Nov 10, 2011 6:56pm
Quoting bumapatria
damn man u like aud nzd? that pair trends well, but bad for scalpers like me with high spreads!
Hi Buma,

I only scalp on EURUSD. Other pairs are 4 hourly or daily so a slightly wider spread does not really matter.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #212
  • Nov 10, 2011 6:58pm Nov 10, 2011 6:58pm
ah makes sense lol.

so hows audnzd for u?
Have I got something on my face, SOLDIER?
  • #213
  • Nov 10, 2011 10:20pm Nov 10, 2011 10:20pm
Quoting bumapatria
ah makes sense lol.

so hows audnzd for u?
It did not go where planned so deleted the pending order that I had in play.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #214
  • Nov 11, 2011 2:20am Nov 11, 2011 2:20am
Well not much around tonight so far, another hour and half ish until the next 4 hour bar close so see whats going on then.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #215
  • Nov 11, 2011 2:42am Nov 11, 2011 2:42am
Quoting DarkWolF
NZDUSD 4 hourly short. Looking for the lows and the RN to hold.
Locking in some pips on this one moved stop down to .78233
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #216
  • Nov 11, 2011 2:44am Nov 11, 2011 2:44am
Quoting DarkWolF
Locking in some pips on this one moved stop down to .78233
Nice !

I will be more active on this thread and trading from monday, hopefully ill be better by then.
  • #217
  • Nov 11, 2011 2:47am Nov 11, 2011 2:47am
Quoting dan89
Nice !

I will be more active on this thread and trading from monday, hopefully ill be better by then.
Hi Dan,

No probs mate, I hope your feeling a bit better at least.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #218
  • Nov 11, 2011 5:02am Nov 11, 2011 5:02am
EU could be seeing the bottom of the previous range acting as resistance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU daily.jpg Size: 196 KB
Click to Enlarge Name: eu 4hr.jpg Size: 114 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #219
  • Nov 11, 2011 6:03pm Nov 11, 2011 6:03pm
Quoting DarkWolF
Locking in some pips on this one moved stop down to .78233
Trailing stop I had in place on NZDUSD was hit overnight.

Currently no open positions so lets see what next week has in store.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #220
  • Nov 11, 2011 6:16pm Nov 11, 2011 6:16pm
u can see non trading hours price?

cool
Have I got something on my face, SOLDIER?
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