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Price Action and Trading Discussion

  • #841
  • Edited 2:21am Feb 6, 2012 2:08am | Edited 2:21am
well price broke that level ...

looking for the following to happen

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  • #842
  • Feb 6, 2012 2:32am Feb 6, 2012 2:32am
Quoting dan89
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 ?

Attachment

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

Cheers
Dan
Hi Dan,

My top levels remain unchanged from last week as it has pretty much been sideways, I have moved my top line down lower to the levels shown on the chart.

Your 2 lines are pretty close to mine. Again just keep in mind its just an "area" so it doenst need to be exact. Any where around the area between the highs/lows and closes but keep an eye for those levels that coincide with the RN levels.

Took the short shown on the chart thinking I should have takent he profit off at the first target area when it hit that but I was flicking charts and missed it, as I type its moving down now though so could be all good.
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  • #843
  • Feb 6, 2012 2:35am Feb 6, 2012 2:35am
Closed it on the second move back to the first target area.
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  • #844
  • Feb 6, 2012 2:38am Feb 6, 2012 2:38am
nice trade

I didnt even see that level and the round number ...

What do you think about a retrace back up to the 1.308 level for a short ?
  • #845
  • Feb 6, 2012 2:41am Feb 6, 2012 2:41am
Quoting DarkWolF
Closed it on the second move back to the first target area.
Looks like it might make the second target level after all, but its all good. Now to wait and see if its going to make new lows and then the next swing if it gives off any good PA.

After typing it made the level, first trade for the week im still happy with the first target area.

Stalling at those lows though.
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  • #846
  • Feb 6, 2012 2:48am Feb 6, 2012 2:48am
there is demand zone on 1,3040~
  • #847
  • Feb 6, 2012 2:49am Feb 6, 2012 2:49am
Quoting dan89
nice trade

I didnt even see that level and the round number ...

What do you think about a retrace back up to the 1.308 level for a short ?
There is definatley potential there, but now I would like to see it make a new low first, I will potentially even wait to see if there is a break low and the 1.30500 level holding.

Still very much sideways and is at the bottom end of the hourly range so it may pay to be a little cautious.
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  • #848
  • Feb 6, 2012 2:50am Feb 6, 2012 2:50am
Clearly bouncing between the 2 RN areas now though
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  • #849
  • Feb 6, 2012 2:54am Feb 6, 2012 2:54am
AU 4 hourly chart with a couple of lines on it
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  • #850
  • Feb 6, 2012 3:00am Feb 6, 2012 3:00am
While this level is still holding on the daily I am inclined to be looking for short opportunities.

Can clearly see the consolodation area. This could quite easily continue on for a few more days before the market decides on direction.

One of the bulls vs bears areas on a chart, just a matter of who is going to win the battle.
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  • #851
  • Feb 6, 2012 3:17am Feb 6, 2012 3:17am
Ok we have the low break now for a swing and see what happens.
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  • #852
  • Feb 6, 2012 3:33am Feb 6, 2012 3:33am
i could have seen this.gold m15 respected 1/4 angle
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  • #853
  • Feb 6, 2012 3:36am Feb 6, 2012 3:36am
Quoting fantom
i could have seen this.gold m15 respected 1/4 angle
Hi Fantom,

Is that a trade you took ?
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  • #854
  • Feb 6, 2012 2:17pm Feb 6, 2012 2:17pm
well no trades for me today, will see what 2moro brings ... only trading EU at the moment.
  • #855
  • Feb 7, 2012 2:54am Feb 7, 2012 2:54am
Hi guys,

For the next few weeks I may be scaling down a bit of screen time as I am leading into the last few weeks heading into my wedding

Therefore just looking to free up a bit of time to dot the i's and cross the t's as such for everything that is needing to be finalised.

I will most likely be looking at 4 hourly (probably to be the first 4 hourly close after the LO I know this time may be slightly different depending on the broker you are using and the GMT offset time) and the daily charts.

4 weeks until the big day for me and then 3 and a half weeks travelling in the states so I will not be around for a good few weeks while overseas.

I could potentially try to get the levels I would look at each day posted up but again will see how all things go with time.

Feel free to still post up any questions on charts and I will most certainly be willing to help out if I can.

Cheers.
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  • #856
  • Feb 7, 2012 3:00am Feb 7, 2012 3:00am
Quoting DarkWolF
AU 4 hourly chart with a couple of lines on it
A quick glance at the AUD 4 hourly chart again with a couple of simple lines on it.
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  • #857
  • Feb 7, 2012 3:24am Feb 7, 2012 3:24am
Quoting DarkWolF
Hi guys,

For the next few weeks I may be scaling down a bit of screen time as I am leading into the last few weeks heading into my wedding

Therefore just looking to free up a bit of time to dot the i's and cross the t's as such for everything that is needing to be finalised.

I will most likely be looking at 4 hourly (probably to be the first 4 hourly close after the LO I know this time may be slightly different depending on the broker you are using and the GMT offset time) and the daily charts.

4 weeks until the big day for me...
GOOD LUCK
  • #858
  • Feb 7, 2012 3:26am Feb 7, 2012 3:26am
Quoting FOURX
GOOD LUCK
Thanks FOURX
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  • #859
  • Feb 7, 2012 3:31am Feb 7, 2012 3:31am
Quoting DarkWolF
Hi guys,

For the next few weeks I may be scaling down a bit of screen time as I am leading into the last few weeks heading into my wedding

Therefore just looking to free up a bit of time to dot the i's and cross the t's as such for everything that is needing to be finalised.

I will most likely be looking at 4 hourly (probably to be the first 4 hourly close after the LO I know this time may be slightly different depending on the broker you are using and the GMT offset time) and the daily charts.

4 weeks until the big day for me...
Congrats DW! Wishing you happy and partner a happy one.
  • #860
  • Feb 7, 2012 3:38am Feb 7, 2012 3:38am
Quoting pippin4me
Congrats DW! Wishing you happy and partner a happy one.
Hi Pippin,

Not for a few weeks yet but thanks. Looking forward to the day it should be a great one.
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