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Price Action and Trading Discussion

  • #561
  • Edited 12:38pm Dec 12, 2011 12:13pm | Edited 12:38pm
No surprises it stalled where it did. Now to see if the daily lows can be broken and the trend line hold.
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  • #562
  • Dec 13, 2011 12:18am Dec 13, 2011 12:18am
Clear levels today guys. Once broken then I will look at the next most relevant areas.

With price being where it is on the daily chart there could be some potential for an indecision day. I guess only time will tell.
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  • #563
  • Dec 13, 2011 12:28am Dec 13, 2011 12:28am
There are a few obvious areas on the 4 hourly chart if it does push higher, currently stalling around the daily close/low area.
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  • #564
  • Dec 13, 2011 12:37am Dec 13, 2011 12:37am
Took this one short lets see how it goes. Rejection at the top of the range and with price sitting where it is on the 4 hourly chance might turn out ok even though it is trading into a RN area.
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  • #565
  • Dec 13, 2011 12:43am Dec 13, 2011 12:43am
Quoting DarkWolF
Took this one short lets see how it goes. Rejection at the top of the range and with price sitting where it is on the 4 hourly chance might turn out ok even though it is trading into a RN area.
The 15min looks pretty good as well, nice reversal bar at the top.
  • #566
  • Dec 13, 2011 12:46am Dec 13, 2011 12:46am
Quoting mugged
The 15min looks pretty good as well, nice reversal bar at the top.
Yep.
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  • #567
  • Dec 13, 2011 12:51am Dec 13, 2011 12:51am
Quoting DarkWolF
Took this one short lets see how it goes. Rejection at the top of the range and with price sitting where it is on the 4 hourly chance might turn out ok even though it is trading into a RN area.
BE entered.
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  • #568
  • Dec 13, 2011 12:55am Dec 13, 2011 12:55am
Quoting DarkWolF
Took this one short lets see how it goes. Rejection at the top of the range and with price sitting where it is on the 4 hourly chance might turn out ok even though it is trading into a RN area.
Quoting DarkWolF
BE entered.
Took profit.
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  • #569
  • Dec 13, 2011 1:06am Dec 13, 2011 1:06am
Quoting DarkWolF
BE entered.
Nice trade DW
  • #570
  • Dec 13, 2011 2:52am Dec 13, 2011 2:52am
Well looks like range still holding so far.
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  • #571
  • Dec 13, 2011 3:08am Dec 13, 2011 3:08am
Now we are getting some action hopefully
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  • #572
  • Dec 13, 2011 12:27pm Dec 13, 2011 12:27pm
Well guys EU broke low nicely. I was going to have an order in play on the 4 hourly charts where the red line is placed on my chart, but I did not put it on as I had orders on for GU and AU already. I guess in hindsight it would have been all good, but thats trading.

Daily has broken the trend line and the lows. Now we need to wait for some sort of retest, if and when that happens I will be looking for a good PA set up.
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  • #573
  • Dec 13, 2011 12:30pm Dec 13, 2011 12:30pm
AUDUSD 4 hourly short and GBPUSD 4 hourly short. I have closed both trades taking the profit.
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  • #574
  • Dec 13, 2011 2:03pm Dec 13, 2011 2:03pm
Nice trades DW

These charts are really helping me learn a lot.

Cheers
Dan
  • #575
  • Dec 13, 2011 10:52pm Dec 13, 2011 10:52pm
Low risk entry at the top of the range for e/u...
To bad I showed up just a couple candles too late.

http://content.screencast.com/users/...1-00.51.09.png
  • #576
  • Dec 13, 2011 11:36pm Dec 13, 2011 11:36pm
Took this trade...

-with the trend
-top of the range
-reversal bar
-ok risk/reward
-no major news for a few hours

any thoughts? am i forgetting anything?

http://content.screencast.com/users/...1-01.34.11.png
  • #577
  • Dec 14, 2011 12:04am Dec 14, 2011 12:04am
Quoting mugged
Took this trade...

-with the trend
-top of the range
-reversal bar
-ok risk/reward
-no major news for a few hours

any thoughts? am i forgetting anything?

http://content.screencast.com/users/...1-01.34.11.png

Out +25
  • #578
  • Dec 14, 2011 5:01am Dec 14, 2011 5:01am
Quoting mugged
Took this trade...

-with the trend
-top of the range
-reversal bar
-ok risk/reward
-no major news for a few hours

any thoughts? am i forgetting anything?
Quoting mugged
Out +25
Hi mugged,

Sorry I have been out most of the night tonight an only just got the charts open now to have a look at what has been going on.

I think you nailed that one pretty spot on.

Nice trade
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  • #579
  • Dec 14, 2011 5:12am Dec 14, 2011 5:12am
EU 4 hourly chart has a similar pattern to that which took place yesterday with a small period of consolodation followed by the break. On this time frame I would most likely be waiting now for some sort of pullback continuation pattern to arise.
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  • #580
  • Dec 14, 2011 5:25am Dec 14, 2011 5:25am
Quoting dan89
Nice trades DW

These charts are really helping me learn a lot.

Cheers
Dan
Hi Dan,

Glad they are helping

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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