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Price Action and Trading Discussion

  • #741
  • Jan 20, 2012 8:56am Jan 20, 2012 8:56am
Nice trades DW You make it look so easy !
  • #742
  • Jan 22, 2012 9:34pm Jan 22, 2012 9:34pm
Sell
Sell at 1.5575
Take profit* at 1.5512
Stop loss at 1.5622
very nice, good price..!
  • #743
  • Jan 23, 2012 1:31am Jan 23, 2012 1:31am
Hi guys,

I hope we all had a great weekend, am a bit late to the charts today as have a few things to take care of.

So now can see whats going on and see what the market is going to potentially give us today.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #744
  • Jan 23, 2012 2:43am Jan 23, 2012 2:43am
Well there was a nice break upwards.

Now to see if I can get some sort of continuation set up appear.

Keeping an eye on EU and AU at the moment.

EU will look for pullback to around the 1.2940 ish mark depending on how high this break move goes. Potentially even the RN area if price breaks to a reasonable level above it.

AU looking around the 1.0508 ish area again depending on how high this break move goes.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #745
  • Jan 23, 2012 3:03am Jan 23, 2012 3:03am
Hitting a resistance area on EU at the moment so lets see if this stalls price at all
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #746
  • Jan 23, 2012 3:52am Jan 23, 2012 3:52am
on the chart yellow line is critical.if eu remain above it target is likely 1.3040-60
Attached Image (click to enlarge)
Click to Enlarge Name: eu h1 batman.gif Size: 33 KB
  • #747
  • Jan 23, 2012 4:15am Jan 23, 2012 4:15am
Quoting fantom
on the chart yellow line is critical.if eu remain above it target is likely 1.3040-60
Some resistance evident at the 1.3000 level though I think this area may stall price temporarily at least.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #748
  • Jan 24, 2012 12:44am Jan 24, 2012 12:44am
Morning All, Going to get back into trading from today, still demo though. DW any chance you could post up your 5min levels so that I can compare to mine ?

Cheers
Dan
  • #749
  • Jan 24, 2012 12:54am Jan 24, 2012 12:54am
Quoting dan89
Morning All, Going to get back into trading from today, still demo though. DW any chance you could post up your 5min levels so that I can compare to mine ?

Cheers
Dan
Hi Dan,

Good to see you back into it.

No probs just give me a bit just got home and checking out the charts now.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #750
  • Jan 24, 2012 1:03am Jan 24, 2012 1:03am
Ok guys, here are the levels that I will be keeping an eye on today for EU and AU.

Always keep in mind they are "areas" not exact levels.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 5 min.jpg Size: 79 KB
Click to Enlarge Name: au 5 min.jpg Size: 77 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #751
  • Jan 24, 2012 1:06am Jan 24, 2012 1:06am
Pretty much still stuck in range area for EU so at the moment still simply waiting.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #752
  • Jan 24, 2012 1:07am Jan 24, 2012 1:07am
AU broke the lower level now to see if it can hold there and give us a continuation
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #753
  • Jan 24, 2012 1:17am Jan 24, 2012 1:17am
Well we have a rather obvious move the long side.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #754
  • Jan 24, 2012 1:20am Jan 24, 2012 1:20am
Hi DW, thanks for the charts. I had kind of the same levels. Had a few extra aswell. I need to make sure I dont draw too many lines as this restricts me a lot from trading.
  • #755
  • Jan 24, 2012 1:25am Jan 24, 2012 1:25am
Short AUD with stop just above the RN area, with target area around the lows
Attached Image (click to enlarge)
Click to Enlarge Name: au1.jpg Size: 75 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #756
  • Jan 24, 2012 1:29am Jan 24, 2012 1:29am
Quoting dan89
Hi DW, thanks for the charts. I had kind of the same levels. Had a few extra aswell. I need to make sure I dont draw too many lines as this restricts me a lot from trading.
No probs at all, I find it best not to clutter up the charts too much, but if it does work for you then its all good.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #757
  • Jan 24, 2012 1:51am Jan 24, 2012 1:51am
Quoting DarkWolF
Short AUD with stop just above the RN area, with target area around the lows
TP area achieved
Attached Image (click to enlarge)
Click to Enlarge Name: au2.jpg Size: 77 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #758
  • Jan 24, 2012 1:52am Jan 24, 2012 1:52am
Now to wait and see if anything else presents.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #759
  • Jan 24, 2012 2:10am Jan 24, 2012 2:10am
As you can see EU is remaining contained so far within the horizontal areas previously drawn.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 84 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #760
  • Jan 24, 2012 3:50am Jan 24, 2012 3:50am
Short position taken on EU 5 min.

Stops and target areas on image.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 81 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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