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Price Action and Trading Discussion

  • #821
  • Edited 2:06am Feb 1, 2012 1:19am | Edited 2:06am
Morning all. I actually got up on time today

Lets see what today brings.

DW when you get a spare min could you post up your EU 5min levels so I can compare ?

Only seem to have these levels today ...looking for a retrace to the sup level before taking a short

Attached Image (click to enlarge)
Click to Enlarge Name: 01-02-2012 07-32-47.jpg Size: 52 KB


Cheers
Dan

edit: hmm ... price just broken up above that level on LO

Attached Image (click to enlarge)
Click to Enlarge Name: 01-02-2012 08-05-29.png Size: 7 KB
  • #822
  • Feb 1, 2012 5:09am Feb 1, 2012 5:09am
Quoting dan89
Morning all. I actually got up on time today

Lets see what today brings.

DW when you get a spare min could you post up your EU 5min levels so I can compare ?

Only seem to have these levels today ...looking for a retrace to the sup level before taking a short

Attachment

Cheers
Dan

edit: hmm ... price just broken up above that level on LO

Attachment
Hi Dan,

I have had to work late tonight so have missed my normal trading time.

Here are some of the levels that I would have looked at.

Disregard the red lines as they are just the lines I use for my entry and stop levels and I move them around the chart as needed.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 5min.jpg Size: 90 KB
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  • #823
  • Feb 1, 2012 5:15am Feb 1, 2012 5:15am
Bottom trend line of the previous channel stalled price.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4 hourly.jpg Size: 112 KB
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  • #824
  • Feb 2, 2012 3:52am Feb 2, 2012 3:52am
nice PA between supply and demand zones.i have overlooked
Attached Image (click to enlarge)
Click to Enlarge Name: pa.gif Size: 31 KB
  • #825
  • Feb 2, 2012 4:14am Feb 2, 2012 4:14am
Hi guys,

Yet again I have ended up late back at work and late on the charts, just looked at my levels for the charts today as attached.
Attached Image (click to enlarge)
Click to Enlarge Name: eu5 min.jpg Size: 83 KB
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  • #826
  • Feb 2, 2012 4:16am Feb 2, 2012 4:16am
Quoting fantom
nice PA between supply and demand zones.i have overlooked
Hi fantom,

What is that you have on your chart there, are they bollinger lines with with the deviations changed or moving averages ?
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #827
  • Feb 2, 2012 4:21am Feb 2, 2012 4:21am
Short on EU away from a horizontal area
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 90 KB
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  • #828
  • Feb 2, 2012 4:24am Feb 2, 2012 4:24am
Quoting DarkWolF
Short on EU away from a horizontal area
Target area achieved.
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.jpg Size: 88 KB
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  • #829
  • Feb 2, 2012 5:20am Feb 2, 2012 5:20am
Stalled on both sides at the horizontal levels.
Attached Image (click to enlarge)
Click to Enlarge Name: eu5min 1.jpg Size: 100 KB
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  • #830
  • Feb 2, 2012 5:27am Feb 2, 2012 5:27am
(red green) indicator.tma cg mov+std
Attached File(s)
File Type: mq4 TMA+CG.mq4   9 KB | 628 downloads
  • #831
  • Feb 2, 2012 5:32am Feb 2, 2012 5:32am
Took a long off the bottom line with a relatively tight profit target area.
Attached Image (click to enlarge)
Click to Enlarge Name: eu3.jpg Size: 92 KB
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  • #832
  • Feb 2, 2012 5:41am Feb 2, 2012 5:41am
Quoting DarkWolF
Took a long off the bottom line with a relatively tight profit target area.

Was never going to hold this one looking for too much, closed it just before the RN.
Attached Image (click to enlarge)
Click to Enlarge Name: eu4.jpg Size: 92 KB
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  • #833
  • Feb 2, 2012 5:45am Feb 2, 2012 5:45am
Now I will be waiting for something like this to happen, if not then I will simply be a spectator for now.
Attached Image (click to enlarge)
Click to Enlarge Name: eu5 min 2.jpg Size: 89 KB
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  • #834
  • Feb 2, 2012 6:06am Feb 2, 2012 6:06am
I did however decide to have a crack at one more short away from the horizontal area think I got a little lucky with the move down rather than it ranging back up.

But I will take it where it happens.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu5.jpg Size: 82 KB
Click to Enlarge Name: eu6.jpg Size: 78 KB
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  • #835
  • Feb 2, 2012 6:10am Feb 2, 2012 6:10am
And where does it stall, at the RN area. No surprises.
Attached Image (click to enlarge)
Click to Enlarge Name: eu5min 3.jpg Size: 92 KB
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  • #836
  • Feb 2, 2012 6:51am Feb 2, 2012 6:51am
Now we can wait and see what the NY'ers are going to have to offer, but getting to the end of my trading day.
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  • #837
  • Feb 2, 2012 3:07pm Feb 2, 2012 3:07pm
A quick look at the action that took place over the last session.

As we can see on the chart price pretty much sideways within the horizontal areas, we can see how the horizontal areas work to contain price.

I would expect much of the same from today sessions with probably a tighter range area leading up to the NFP.

I will not be trading today but good luck to any who tackle it.

Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: eu5min 4.jpg Size: 107 KB
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  • #838
  • Feb 3, 2012 7:11am Feb 3, 2012 7:11am
Afternoon all. Nice trades as usual DW

Just got my internet back up and running so just having a quick look at the charts now

Dan
  • #839
  • Feb 4, 2012 6:20am Feb 4, 2012 6:20am
if you wanna dance with forex. perhaps,perhaps,perhaps
Attached Image (click to enlarge)
Click to Enlarge Name: pa.gif Size: 36 KB
  • #840
  • Feb 6, 2012 1:31am Feb 6, 2012 1:31am
Morning All,

Having a hard time getting the right levels off the one hour. heres my 5min chart with levels drawn off the 1hr. DW are you levels similar ?

Attached Image (click to enlarge)
Click to Enlarge Name: 06-02-2012 07-28-32.jpg Size: 57 KB


price coming up to test asian lows ... looking for a short ..

Cheers
Dan
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