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Price Action and Trading Discussion

  • #221
  • Nov 11, 2011 7:08pm Nov 11, 2011 7:08pm
Quoting bumapatria
u can see non trading hours price?

cool
Well I can see where price stopped at the end of trading
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #222
  • Nov 14, 2011 1:47am Nov 14, 2011 1:47am
Hi guys,

Well getting my first look at the charts for the week.

Dan that GBPAUD could be at a prime area now.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #223
  • Nov 14, 2011 1:57am Nov 14, 2011 1:57am
Short EJ @ 105.942 4 hourly chart
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #224
  • Nov 14, 2011 2:55am Nov 14, 2011 2:55am
Quoting DarkWolF
Hi guys,


Dan that GBPAUD could be at a prime area now.
Daily pretty much smack off the 61 fib though over the last couple of days down since then.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #225
  • Nov 14, 2011 3:02am Nov 14, 2011 3:02am
Quoting DarkWolF
Short EJ @ 105.942 4 hourly chart
Nice trade
  • #226
  • Nov 14, 2011 3:04am Nov 14, 2011 3:04am
Check that EU M5 Chart and see where it's getting rejected from.... nice setup for a intraday short in that region if you ask me..
  • #227
  • Nov 14, 2011 3:14am Nov 14, 2011 3:14am
Quoting Musashi
Nice trade
Well time will tell, when some pips are locked in I will be happy.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #228
  • Nov 14, 2011 3:16am Nov 14, 2011 3:16am
Quoting Musashi
Check that EU M5 Chart and see where it's getting rejected from.... nice setup for a intraday short in that region if you ask me..
Would have been a nice short from the 1.37500 area, broke low, pulled back and off it went.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #229
  • Nov 14, 2011 3:22am Nov 14, 2011 3:22am
See price respected that previous support level on the intraday basis, and price hit my TP 1:1.5 trade risking 3% gotta be happy with that.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eushort.jpg Size: 87 KB
Click to Enlarge Name: eushort2.jpg Size: 79 KB
  • #230
  • Nov 14, 2011 3:26am Nov 14, 2011 3:26am
Quoting Musashi
See price respected that previous support level on the intraday basis, and price hit my TP 1:1.5 trade risking 3% gotta be happy with that.
Indeed, nice trade, taken nicely from the lows.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #231
  • Nov 14, 2011 3:32am Nov 14, 2011 3:32am
Quoting DarkWolF
Well time will tell, when some pips are locked in I will be happy.
Nice previous support levels evident at the 106.50 level.

Price pulled back and retested that area on the chart after a breakout. Put up some narrow range bars at that level.

Very good sign of resistance at previous support.

Lovely price action.
  • #232
  • Nov 14, 2011 3:35am Nov 14, 2011 3:35am
Quoting Musashi
Nice previous support levels evident at the 106.50 level.

Price pulled back and retested that area on the chart after a breakout. Put up some narrow range bars at that level.

Very good sign of resistance at previous support.

Lovely price action.


BE entered, now just to see if it can make my target area but either way its a no loss trade now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej 4hr pending.jpg Size: 109 KB
Click to Enlarge Name: EJ 4 hourly 1.jpg Size: 113 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #233
  • Nov 14, 2011 3:42am Nov 14, 2011 3:42am
nice darkwolf

my DOW short taken on h4 and daily got nice divergence to support it and im looking at massive dropv of at leasst 100 points

trade also at BE.

demand zone is so llow this might be a nice h/s
Attached Image (click to enlarge)
Click to Enlarge Name: also in be.gif Size: 19 KB
Have I got something on my face, SOLDIER?
  • #234
  • Nov 14, 2011 3:47am Nov 14, 2011 3:47am
Quoting bumapatria
nice darkwolf

my DOW short taken on h4 and daily got nice divergence to support it and im looking at massive dropv of at leasst 100 points

trade also at BE.

demand zone is so llow this might be a nice h/s
Good work, once BE is in it's all good then look for more opportunities
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #235
  • Nov 14, 2011 3:54am Nov 14, 2011 3:54am
oil looks nice,but i dont like the bad spread on my broker and the high SL. everything is suggested downdrop and entering now would be too late, and i dont like chasing the market so ill wait it out.

thanks darkwolf, i threw in a vouch for you for trading PA in higher TF with a lot of skill and good precision. not many do that, many use intraday for scalps and its fun in intraday and even better as i took it in higher tf.
Have I got something on my face, SOLDIER?
  • #236
  • Nov 14, 2011 4:42am Nov 14, 2011 4:42am
Quoting bumapatria
oil looks nice,but i dont like the bad spread on my broker and the high SL. everything is suggested downdrop and entering now would be too late, and i dont like chasing the market so ill wait it out.

thanks darkwolf, i threw in a vouch for you for trading PA in higher TF with a lot of skill and good precision. not many do that, many use intraday for scalps and its fun in intraday and even better as i took it in higher tf.
Cheers Buma
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #237
  • Nov 14, 2011 4:44am Nov 14, 2011 4:44am
Just had to take off and do a few things so just checked the new 4 hourly candle then.

Nothing really grabbing my attention at the moment so just sitting on the EJ short and see how that plays out.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #238
  • Nov 14, 2011 4:45am Nov 14, 2011 4:45am
Nice Trades DW and M. Well I just woke up, missed those EU trades. EU still looks bearish intraday so im waiting for a pullback up to S/R (although theres not much else backing it up e.g. RN etc) area and PA to enter short.

Chart: What do you guys think ?

Attached Image (click to enlarge)
Click to Enlarge Name: 14-11-2011 10-43-12.png Size: 34 KB



Cheers
Dan
  • #239
  • Nov 14, 2011 4:46am Nov 14, 2011 4:46am
Quoting DarkWolF
Hi guys,

Well getting my first look at the charts for the week.

Dan that GBPAUD could be at a prime area now.
Yep Im keeping an eye on this on , If we can get a nice bullish PA bar on the 4hr then ill be long

Cheers
Dan
  • #240
  • Nov 14, 2011 4:50am Nov 14, 2011 4:50am
Quoting dan89
Nice Trades DW and M. Well I just woke up, missed those EU trades. EU still looks bearish intraday so i waiting for a pullback up to S/R (although theres not much else backing it up e.g. RN etc) area and PA to enter short.

Chart: What do you guys think ?

Attachment


Cheers
Dan
Ya its a good area if it can make it back up there.

I would still say that EU is pretty much sideways longer term (although you can get some nice shorter term trends within each longer term range area). But the 1.38000 area where price has been hanging around for a while now held again just gotta wait and see if the 1.37000 if broken solidly will potentially become the next area to act as resistance.

Could potentially just see some chop now until the NY session comes along.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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