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Price Action and Trading Discussion

  • #541
  • Dec 12, 2011 1:44am Dec 12, 2011 1:44am
Quoting dan89
Morning All

Thanks for the chart DW
Good morning to ya Dan.

No probs.
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  • #542
  • Dec 12, 2011 2:38am Dec 12, 2011 2:38am
Short Cable 5 min chart.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 68 KB
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  • #543
  • Dec 12, 2011 2:50am Dec 12, 2011 2:50am
Quoting DarkWolF
Short Cable 5 min chart.
BE hit on that one. Moving so close the RN I didnt want to risk it moving against me so BE in rather quickly.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable 1.jpg Size: 85 KB
Click to Enlarge Name: cable2.jpg Size: 74 KB
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  • #544
  • Dec 12, 2011 3:12am Dec 12, 2011 3:12am
Unlucky on that GU trade. Moved down nicely initially. Did not see that one my self.

Whats your opinion on AUD 15m ? If this bar closes as a pinbar.

Attached Image (click to enlarge)
Click to Enlarge Name: 12-12-2011 09-11-26.jpg Size: 60 KB
  • #545
  • Dec 12, 2011 3:15am Dec 12, 2011 3:15am
Quoting dan89
Unlucky on that GU trade. Moved down nicely initially. Did not see that one my self.

Whats your opinion on AUD 15m ? If this bar closes as a pinbar.

Attachment
Looks to be setting up ok, moves slightly back up at the end of the bar though. Potential to play it by the break of that little area of congestion if that happens.
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  • #546
  • Dec 12, 2011 3:25am Dec 12, 2011 3:25am
Quoting DarkWolF
Looks to be setting up ok, moves slightly back up at the end of the bar though. Potential to play it by the break of that little area of congestion if that happens.
Yep the bar closed as a green doji on my charts. Waiting for the low of that congestion area to break

Attached Image (click to enlarge)
Click to Enlarge Name: 12-12-2011 09-24-02.png Size: 18 KB
  • #547
  • Dec 12, 2011 3:26am Dec 12, 2011 3:26am
lol didnt see that EU GU drop coming.
  • #548
  • Dec 12, 2011 3:28am Dec 12, 2011 3:28am
Short on EU. Price formed a small channel, with the sharp move down then the consolidation channel took the short from the top area of that channel.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 145 KB
Click to Enlarge Name: eu2.jpg Size: 137 KB
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  • #549
  • Dec 12, 2011 3:33am Dec 12, 2011 3:33am
Quoting DarkWolF
Short on EU. Price formed a small channel, with the sharp move down then the consolidation channel took the short from the top area of that channel.
Nice !

Did not see that opportunity myself.
  • #550
  • Dec 12, 2011 3:45am Dec 12, 2011 3:45am
Nice trade!
  • #551
  • Dec 12, 2011 3:48am Dec 12, 2011 3:48am
Price easily made the full extension of the continuation pattern though.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 165 KB
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  • #552
  • Dec 12, 2011 3:49am Dec 12, 2011 3:49am
We could be eyeing off that bottom area of the 4 hourly channel before long.
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  • #553
  • Dec 12, 2011 3:52am Dec 12, 2011 3:52am
Quoting DarkWolF
We could be eyeing off that bottom area of the 4 hourly channel before long.
We have that daily TL around the 1.3230 area as well
  • #554
  • Dec 12, 2011 3:56am Dec 12, 2011 3:56am
http://content.screencast.com/users/...1-03.55.29.png
  • #555
  • Dec 12, 2011 3:56am Dec 12, 2011 3:56am
Nice work, following the direction of the intraday trend is the best way.
  • #556
  • Dec 12, 2011 4:02am Dec 12, 2011 4:02am
2 x risk on this trade for me

If you look to the left on the chart you can quite clearly see some previous levels of support evident in the region as well.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu_katana3.jpg Size: 138 KB
Click to Enlarge Name: eu_katana5.jpg Size: 143 KB
  • #557
  • Dec 12, 2011 4:04am Dec 12, 2011 4:04am
Quoting Musashi
2 x risk on this trade for me

If you look to the left on the chart you can quite clearly see some previous levels of support evident in the region as well.
  • #558
  • Dec 12, 2011 4:08am Dec 12, 2011 4:08am
Quoting Musashi
2 x risk on this trade for me

If you look to the left on the chart you can quite clearly see some previous levels of support evident in the region as well.
Nice work on that one
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  • #559
  • Dec 12, 2011 5:19am Dec 12, 2011 5:19am
Another quick short on EU with target achieved.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu3.jpg Size: 154 KB
Click to Enlarge Name: eu4.jpg Size: 148 KB
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  • #560
  • Dec 12, 2011 2:07pm Dec 12, 2011 2:07pm
Left this short on NZDUSD 4 hourly to run over night with a BE in place. Closing position, stalled at the next RN.
Attached Image (click to enlarge)
Click to Enlarge Name: NU.jpg Size: 102 KB
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