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Price Action and Trading Discussion

  • #941
  • Feb 16, 2012 4:53am Feb 16, 2012 4:53am
Quoting dan89
what do think about EU now ? forming smaller bars (pin bar .. ish) at res area ?
Its stalling nicely on the lower end of the previous range so it could potentially be setting up to move lower
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #942
  • Feb 16, 2012 4:54am Feb 16, 2012 4:54am
Quoting loesgien
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
Hi Loesgien,

My apologies on this one but I do not follow gold so can not really give you any comments on that.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #943
  • Feb 16, 2012 4:57am Feb 16, 2012 4:57am
Quoting dan89
what do think about EU now ? forming smaller bars (pin bar .. ish) at res area ?
Draw the sloping trend down the most recent highs Dan this could also come into play.


As with all things trading, there is one thing that is for certain, and that is nothing is certain
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #944
  • Feb 16, 2012 4:58am Feb 16, 2012 4:58am
Quoting DarkWolF
Its stalling nicely on the lower end of the previous range so it could potentially be setting up to move lower
price broken back up above now ... Think I will wait for news to clear first now.
  • #945
  • Feb 16, 2012 5:02am Feb 16, 2012 5:02am
Quoting DarkWolF
Draw the sloping trend down the most recent highs Dan this could also come into play.


As with all things trading, there is one thing that is for certain, and that is nothing is certain
This one ? (grey line is the block of news 15mins before and after)

Attached Image (click to enlarge)
Click to Enlarge Name: 16-02-2012 13-00-35.png Size: 7 KB
  • #946
  • Feb 16, 2012 5:05am Feb 16, 2012 5:05am
Quoting dan89
price broken back up above now ... Think I will wait for news to clear first now.
Remember "areas" not exact to the lines. Sometimes it will appear to be exact to your lines others it will over shoot slightly.

But it does not matter if an opportunity is missed or a trade not taken. If your not 100% sold on a position or a line or an area simply do not take it.

Many more opportunities will present.

So well done on waiting and not taking it if your not fully sold on it, plus news coming up. As far as im concerned not taking a trade and being patient and disciplined is as good as taking a profitable trade.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #947
  • Feb 16, 2012 5:07am Feb 16, 2012 5:07am
Quoting dan89
This one ? (grey line is the block of news 15mins before and after)

Attachment
Yep thats the one
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #948
  • Feb 16, 2012 5:25am Feb 16, 2012 5:25am
Well the news is almost upon us, when it comes to news announcements no levels or areas are sacred
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #949
  • Feb 16, 2012 5:51am Feb 16, 2012 5:51am
Quoting DarkWolF
Well the news is almost upon us, when it comes to news announcements no levels or areas are sacred
yep, Im gonna take a break and get some lunch, will be back at 2:15 when news is over

Dan
  • #950
  • Feb 16, 2012 10:13am Feb 16, 2012 10:13am
Hindsight is 20/20 but thought I would show a chart that I had marked out but didnt take any trades. Levels were drawn earlier on in the day, shows price reacting to them quite well. One potential trade I have marked out would of been good with a target at the xx50 level (purple) just above.

Attached Image (click to enlarge)
Click to Enlarge Name: 16-02-2012 18-08-59.png Size: 24 KB
  • #951
  • Feb 16, 2012 12:38pm Feb 16, 2012 12:38pm
Quoting DarkWolF
Im looking at this one on EURNZD 4 hourly. Pending order in lets see how it goes.
This one not looking promising so far.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #952
  • Feb 16, 2012 12:43pm Feb 16, 2012 12:43pm
Quoting dan89
Hindsight is 20/20 but thought I would show a chart that I had marked out but didnt take any trades. Levels were drawn earlier on in the day, shows price reacting to them quite well. One potential trade I have marked out would of been good with a target at the xx50 level (purple) just above.

Attachment
Yep, even that trendline area after the news came into play, close to the horizontal area also.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 93 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #953
  • Feb 16, 2012 11:05pm Feb 16, 2012 11:05pm
Quoting DarkWolF
Im looking at this one on EURNZD 4 hourly. Pending order in lets see how it goes.
Quoting DarkWolF
This one not looking promising so far.
It held in there so back in the game with this one
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #954
  • Feb 17, 2012 2:01am Feb 17, 2012 2:01am
Quoting DarkWolF
It held in there so back in the game with this one
  • #955
  • Feb 17, 2012 5:36am Feb 17, 2012 5:36am
Afternoon all !

These are the leves that I've got today. solid lines drawn from one hour, dotted line drawn from the 5min. DW any other levels you got on EU ?

Cheers
Dan
  • #956
  • Feb 17, 2012 6:13am Feb 17, 2012 6:13am
Great thread DarkWolf

Will be hanging around for a while.

regards
  • #957
  • Edited 7:36am Feb 17, 2012 7:24am | Edited 7:36am
This is a trade I took. Still waiting for TP.

If it breaks the previous high, I'll kill it.

Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 86 KB


regards

Moved SL to BE.
  • #958
  • Feb 17, 2012 8:24am Feb 17, 2012 8:24am
Quoting N_Trader
This is a trade I took. Still waiting for TP.

If it breaks the previous high, I'll kill it.

Attachment

regards

Moved SL to BE.
Nice! Im in the same trade as you.
  • #959
  • Feb 17, 2012 8:31am Feb 17, 2012 8:31am
Quoting mugged
Nice! Im in the same trade as you.
Hi mugged

In case you are reading this, I closed out manually at 1.3140.

Not much liquidity in the market, so decided to call it a day.

regards
  • #960
  • Feb 17, 2012 8:34am Feb 17, 2012 8:34am
Quoting N_Trader
Hi mugged

In case you are reading this, I closed out manually at 1.3140.

Not much liquidity in the market, so decided to call it a day.

regards
Yeah fridays can be slow. Market was pretty dead today especially during london session
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