Price Action and Trading Discussion | Page 27 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price action at the core = family members' discussion project 2,214 replies

Price Action discussion 26 replies

Volume Price Level Trading Discussion Area 1 reply

Trading and Exchanges Discussion Thread 17 replies

Maxsmarts Trading Journal and Discussion 164 replies

Attachments: Price Action and Trading Discussion
Exit Attachments

Price Action and Trading Discussion

  • #521
  • Dec 9, 2011 4:26am Dec 9, 2011 4:26am
Quoting mugged
Yup, Im long off that 5min hammer candle ... stop below the low
banking on the previous upside momentum to carry us to the top to the range.

risk: 10
reward: 30
That one worked...

out +30
  • #522
  • Dec 9, 2011 4:28am Dec 9, 2011 4:28am
Quoting mugged
That one worked...

out +30
Nice work.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #523
  • Dec 9, 2011 5:01am Dec 9, 2011 5:01am
How does this chart look... looking good to me... does a decent job preventing you from trading in a ranging market too.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 170 KB
  • #524
  • Dec 9, 2011 5:08am Dec 9, 2011 5:08am
Sideways crap, only 2 possible trades.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 168 KB
  • #525
  • Dec 9, 2011 5:28am Dec 9, 2011 5:28am
Ooooooh - a couple of nice breakouts this morning....m5 keeps delivering.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: bo1.JPG Size: 241 KB
Click to Enlarge Name: bo2.JPG Size: 236 KB
  • #526
  • Dec 9, 2011 6:32am Dec 9, 2011 6:32am
Quoting Drag
Ooooooh - a couple of nice breakouts this morning....m5 keeps delivering.
Nice way to end the week for ya' Drag
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #527
  • Dec 9, 2011 7:00am Dec 9, 2011 7:00am
hey DW

not been on ff for a while, nice thread you got here
  • #528
  • Dec 9, 2011 8:32am Dec 9, 2011 8:32am
Quoting DarkWolF
Well it was pretty straight forward. I looked at the charts with the belief (and I still do) that the market is range bound more than it trends.

So simply all I was doing was placing lines on the chart to identify where the range extremes were and then was looking for trades from those levels with stops x amount of pips from the edges of the ranges. The only difference back then was that I traded a lot simply from touches of the ranges rather than waiting for a candle to confirm an entry.

So if the market is range bound more than it trends then...
Hi mate, Thanks for the advice, appreciate it

I Havnt really had a chance to look at the charts the last few days as ive been really busy + got a wedding reception to go to tonight. Next monday ill be back on. Oh and thanks for the charts with your levels on, helps me to see what im doing right/wrong.

Nice to see several new people posting in this thread.

Cheers
Dan
  • #529
  • Dec 9, 2011 3:19pm Dec 9, 2011 3:19pm
Quoting FOURX
hey DW

not been on ff for a while, nice thread you got here
Hi FOURX,

Thanks

Feel free to join the converstation and throw up some charts.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #530
  • Dec 9, 2011 3:21pm Dec 9, 2011 3:21pm
Quoting dan89
Hi mate, Thanks for the advice, appreciate it

I Havnt really had a chance to look at the charts the last few days as ive been really busy + got a wedding reception to go to tonight. Next monday ill be back on. Oh and thanks for the charts with your levels on, helps me to see what im doing right/wrong.

Nice to see several new people posting in this thread.

Cheers
Dan
No probs at all Dan.

The next couple of weeks will be quite busy for me also but I will get some up whenever I can. After xmas and new year hopefully things will get back to normal for me.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #531
  • Dec 10, 2011 5:29pm Dec 10, 2011 5:29pm
Hi Guys,

Thought I would put up a few charts of some of the areas I am looking at on the longer term charts.

Lot of consolodation going on at the moment.

Interested to see how it plays out on the AUD with the RBA dropping interest rates for 2 consecutive months.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU Daily.jpg Size: 180 KB
Click to Enlarge Name: AU 4 hourly.jpg Size: 135 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #532
  • Dec 10, 2011 5:31pm Dec 10, 2011 5:31pm
EURUSD also showing a period of sideways price action with some pretty obvious levels to be keeping an eye on.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU Daily.jpg Size: 179 KB
Click to Enlarge Name: eu 4 hourly.jpg Size: 128 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #533
  • Dec 10, 2011 6:07pm Dec 10, 2011 6:07pm
Nice charts...

Thought I would chime in with my thoughts on overall market sentiment/psychology. I left out S/R levels to keep it clean.

thoughts?

http://content.screencast.com/users/...1-18.10.39.png
  • #534
  • Dec 10, 2011 6:19pm Dec 10, 2011 6:19pm
Quoting mugged
Nice charts...

Thought I would chime in with my thoughts on overall market sentiment/psychology. I left out S/R levels to keep it clean.

thoughts?
Hi Mugged,

Nice clean chart and analysis. Pretty spot on there in my eyes

I did have that longer term trend line on my daily chart for quite some time but removed it not long after that pullback up to it. I did not take the short after the small indecision candle at the trend line, which in hindsight now was worth kicking myself for.

Ideally what I would like to see is a break of that lower trend line that I put on joining the 2 most recent lows. Now if and when that happens it will be the decision to either play a break or wait for the more conservative pullback and continuation. Which is around your line in the sand area.

Quite potentially we may see a bit of a rally upwards but there has been plenty of rejection for the bulls with price failing to make any significant breaks so far.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #535
  • Dec 10, 2011 6:35pm Dec 10, 2011 6:35pm
Quoting DarkWolF
Hi Mugged,

Nice clean chart and analysis. Pretty spot on there in my eyes

I did have that longer term trend line on my daily chart for quite some time but removed it not long after that pullback up to it. I did not take the short after the small indecision candle at the trend line, which in hindsight now was worth kicking myself for.

Ideally what I would like to see is a break of that lower trend line that I put on joining the 2 most recent lows. Now if and when that happens it will be the decision to either play a break or wait for the...
Agreed, I think your 4H charts pretty much sums it up. Any upside breakout of that channel would be a nice near term trade, but it would most likely be contained by the resistance level you have drawn in. A break above the resistance level would be encouraging for the bull case. But like you said, the safest way to play that breakout would be on the pullback.

Whats stands out to me is the momentum difference between the quick spike up to the peak and the fall back down. The trip back down to the bottom of the range has been significantly slower... indicating to me that someone is buying (and failing thus far). If/when that lower swing gets taken out there will be plenty of pressure.

Anyways hope you are enjoying your weekend... catch you guys next week!
  • #536
  • Dec 11, 2011 7:43pm Dec 11, 2011 7:43pm
Risk 9
Target 28

http://content.screencast.com/users/...1-19.40.43.png
  • #537
  • Dec 11, 2011 8:26pm Dec 11, 2011 8:26pm
Quoting mugged
Risk 9
Target 28

http://content.screencast.com/users/...1-19.40.43.png
Stopped -9
  • #538
  • Dec 12, 2011 1:39am Dec 12, 2011 1:39am
Hi guys,

Well another week begins. Lets see what the market has to offer to use today.

This is what I am looking at on EU.

There is obviously some minor levels in between those also but I do not like to have too many lines on my chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 79 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #539
  • Dec 12, 2011 1:43am Dec 12, 2011 1:43am
Quoting DarkWolF
Hi guys,

Well another week begins. Lets see what the market has to offer to use today.

This is what I am looking at on EU.

There is obviously some minor levels in between those also but I do not like to have too many lines on my chart.
Morning All

Thanks for the chart DW
  • #540
  • Dec 12, 2011 1:43am Dec 12, 2011 1:43am
4 hourly chart on EU still seeing the channel respected.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4hr.jpg Size: 116 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
5 traders viewing now