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Price Action and Trading Discussion

  • #921
  • Feb 16, 2012 3:27am Feb 16, 2012 3:27am
USDCAD also offered up an opportunity with a break long of the daily down trend line, pullback and a pin away from it yesterday. Target would be the base of the previous support area.

Did not take this one either.
Attached Image (click to enlarge)
Click to Enlarge Name: UC Daily.jpg Size: 118 KB
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  • #922
  • Feb 16, 2012 3:29am Feb 16, 2012 3:29am
Quoting DarkWolF
Short entered this morning before heading off to work on the daily chart. This one was EURAUD. Looking ok so far, but as we all know the trade isnt over until its over anything can happen.

Will think about putting BE in on it soon, depending on how its tracking before I head off for the day.

Quoting DarkWolF
BE entered on this one now to see if it can reach the target area.
Target achieved during today.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud daily TP.jpg Size: 145 KB
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  • #923
  • Feb 16, 2012 3:36am Feb 16, 2012 3:36am
Hi DW, do you still trade pairs like YEN and CHF since they are intervened by local government?
  • #924
  • Feb 16, 2012 3:44am Feb 16, 2012 3:44am
Quoting blackhawkfx
Hi DW, do you still trade pairs like YEN and CHF since they are intervened by local government?
Yen pairs yes absolutely, CHF pairs I do have them on my watchlist but very rarely trade them, I was only thinking last night to take them off my lists and replace with something else.
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  • #925
  • Feb 16, 2012 3:47am Feb 16, 2012 3:47am
Quoting DarkWolF
Yen pairs yes absolutely, CHF pairs I do have them on my watchlist but very rarely trade them, I was only thinking last night to take them off my lists and replace with something else.
Thanks for your kindness.
  • #926
  • Feb 16, 2012 3:48am Feb 16, 2012 3:48am
Quoting blackhawkfx
Thanks for your kindness.
No problems at all
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  • #927
  • Feb 16, 2012 5:05am Feb 16, 2012 5:05am
Afternoon all !

Just had a look at the charts and plotted a few levels:

EDIT: sorry this is the 15m chart but the same levels apply
Attached Image (click to enlarge)
Click to Enlarge Name: 16-02-2012 11-04-05.png Size: 18 KB



DW, any other levels your currently looking at on EU 5m ?

Cheers
Dan
  • #928
  • Feb 16, 2012 5:13am Feb 16, 2012 5:13am
Quoting dan89
Afternoon all !

Just had a look at the charts and plotted a few levels:

EDIT: sorry this is the 15m chart but the same levels apply
Attachment


DW, any other levels your currently looking at on EU 5m ?

Cheers
Dan
Hi Dan,

Those are pretty spot on to what I would have put on, give or take a few pips.

Price has moved down quite a bit so gotta go back a few days on the hourly or even switch to 4 hourly 4 majors.

If it does break lower the next RN area has some confluence with previous support / resistance.
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  • #929
  • Feb 16, 2012 5:17am Feb 16, 2012 5:17am
Quoting DarkWolF
Hi Dan,

Those are pretty spot on to what I would have put on, give or take a few pips.

Price has moved down quite a bit so gotta go back a few days on the hourly or even switch to 4 hourly 4 majors.

If it does break lower the next RN area has some confluence with previous support / resistance.
cool, im looking for a retrace back up to the 1.3030 ish sup/res area for a short. Looks like major sup/res area.
  • #930
  • Feb 16, 2012 5:28am Feb 16, 2012 5:28am
Im looking at this one on EURNZD 4 hourly. Pending order in lets see how it goes.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD 4 hourly.jpg Size: 107 KB
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  • #931
  • Feb 16, 2012 5:35am Feb 16, 2012 5:35am
Quoting dan89
cool, im looking for a retrace back up to the 1.3030 ish sup/res area for a short. Looks like major sup/res area.
Yep or even a break of the lower level with pullback continuation pattern showing itself
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  • #932
  • Feb 16, 2012 6:05am Feb 16, 2012 6:05am
Quoting DarkWolF
Yep or even a break of the lower level with pullback continuation pattern showing itself
  • #933
  • Feb 16, 2012 6:17am Feb 16, 2012 6:17am
Quoting DarkWolF
Im looking at this one on EURNZD 4 hourly. Pending order in lets see how it goes.
Trade triggered lets see how it goes.
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  • #934
  • Feb 16, 2012 6:19am Feb 16, 2012 6:19am
Doesnt quite want to break that lower level Dan on EU
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  • #935
  • Feb 16, 2012 6:32am Feb 16, 2012 6:32am
Quoting DarkWolF
Doesnt quite want to break that lower level Dan on EU
yep ... a number of red news events coming out in about an hour which is likley to do something .. will wait and see

GMT times:

Attached Image
  • #936
  • Feb 16, 2012 6:35am Feb 16, 2012 6:35am
just broken lower on EU ...
  • #937
  • Feb 16, 2012 6:37am Feb 16, 2012 6:37am
Quoting dan89
yep ... a number of red news events coming out in about an hour which is likley to do something .. will wait and see

GMT times:

Attachment
Always pays to be careful of the announcements
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  • #938
  • Feb 16, 2012 6:38am Feb 16, 2012 6:38am
Quoting dan89
just broken lower on EU ...
Yep, and slightly stalling on the lows now
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  • #939
  • Feb 16, 2012 6:45am Feb 16, 2012 6:45am
Hello,
Who can tell why gold does not fall despite of crazy fall of all currencies against USD? It should go down but it does not. Please advice
  • #940
  • Feb 16, 2012 6:48am Feb 16, 2012 6:48am
Quoting DarkWolF
Yep, and slightly stalling on the lows now
what do think about EU now ? forming smaller bars (pin bar .. ish) at res area ?
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