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Price Action and Trading Discussion

  • #961
  • Feb 17, 2012 10:35am Feb 17, 2012 10:35am
Hi mugged,

check out the last 2 bar on the 5M.

This is not the kinda PA I would want to see if i'm short.

Attached Image (click to enlarge)
Click to Enlarge Name: EU2.jpg Size: 133 KB


regards
  • #962
  • Feb 17, 2012 10:38am Feb 17, 2012 10:38am
Quoting dan89
Yeah fridays can be slow. Market was pretty dead today especially during london session
Hi dan,

I usually try not to trade on fridays, but the PA on the 1H was too tempting.

I position was a small one, just for the fun of it

P.S I enjoyed reading your posts.

regards
  • #963
  • Feb 17, 2012 10:39am Feb 17, 2012 10:39am
Quoting dan89
Yeah fridays can be slow. Market was pretty dead today especially during london session
Yup, I agree with you guys its kinda slow today. Im looking for 1.3115 on the downside today, if we can manage to go beyond that I will look to hold over the weekend and target 1.30 next week.
  • #964
  • Feb 17, 2012 10:43am Feb 17, 2012 10:43am
Quoting N_Trader
Hi mugged,

check out the last 2 bar on the 5M.

This is not the kinda PA I would want to see if i'm short.

Attachment

regards
http://content.screencast.com/users/...2-10.43.02.png
  • #965
  • Feb 17, 2012 10:44am Feb 17, 2012 10:44am
[quote=N_Trader;5396262]Hi mugged,

check out the last 2 bar on the 5M.

This is not the kinda PA I would want to see if i'm short.

Attachment

regards[/QUO

PA on 5m chart?
  • #966
  • Feb 17, 2012 1:25pm Feb 17, 2012 1:25pm
nice to see more people joining in this thread
  • #967
  • Feb 17, 2012 8:10pm Feb 17, 2012 8:10pm
Good post mugged

I have a good feeling you are right. I just didn't wanna hold my position over the weekends.



Quoting mugged
http://content.screencast.com/users/...2-10.43.02.png
  • #968
  • Feb 17, 2012 8:12pm Feb 17, 2012 8:12pm
[quote=Spongebob123;5396296]
Quoting N_Trader
Hi mugged,

check out the last 2 bar on the 5M.

This is not the kinda PA I would want to see if i'm short.

Attachment

regards[/QUO

PA on 5m chart?
Hi Spongebob,

I usually look at higher TF for direction and lower TF for entry.

Since I was in for only a quick 25 pips scalp, I mainly focussed on 5M to detect drop in momentum.

regards
  • #969
  • Feb 17, 2012 10:32pm Feb 17, 2012 10:32pm
Quoting N_Trader
Good post mugged

I have a good feeling you are right. I just didn't wanna hold my position over the weekends.
Thanks bud. I agree with you there is major gap risk over the weekends with all that Greek news coming out.
  • #970
  • Feb 17, 2012 11:50pm Feb 17, 2012 11:50pm
Quoting mugged
Thanks bud. I agree with you there is major gap risk over the weekends with all that Greek news coming out.
Your most welcomed

I guess nothing is absolute when it comes to trading.This statement is probably the only thing I'm 100% confident of.

I was looking at the N/J pair a while back. Will be shall my idea in a while.

regards
  • #971
  • Feb 17, 2012 11:55pm Feb 17, 2012 11:55pm
This is what it looks like on the Daily. I am looking for a potential short setup.

Attached Image (click to enlarge)
Click to Enlarge Name: nj1.jpg Size: 96 KB


If I see a break below the blue line, I may enter a short. Let see if the market will be kind to offer something next week.

Attached Image (click to enlarge)
Click to Enlarge Name: nj2.jpg Size: 82 KB


regards
  • #972
  • Feb 20, 2012 2:34am Feb 20, 2012 2:34am
Morning all, lets see what today brings ...
  • #973
  • Feb 20, 2012 2:39am Feb 20, 2012 2:39am
Quoting dan89
Morning all, lets see what today brings ...
Morning dan,



regards
  • #974
  • Feb 20, 2012 2:41am Feb 20, 2012 2:41am
strugling to find any good levels on EU today. DW any chance you could post up yours when you get a spare min ?
  • #975
  • Feb 20, 2012 2:51am Feb 20, 2012 2:51am
Hi guys,

Only just got my charts open now to see whats going on.

Sure Dan just give me a bit as only got home not long ago gotta do a few things.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #976
  • Feb 20, 2012 2:55am Feb 20, 2012 2:55am
Quoting DarkWolF
Hi guys,

Only just got my charts open now to see whats going on.

Sure Dan just give me a bit as only got home not long ago gotta do a few things.
Hi DarkWolf,

Good morning

Hope I'm not being too intruding by posting my charts here. I really enjoyed your threads and the way you look at the market.

Regards
  • #977
  • Feb 20, 2012 3:02am Feb 20, 2012 3:02am
Quoting DarkWolF
Hi guys,

Only just got my charts open now to see whats going on.

Sure Dan just give me a bit as only got home not long ago gotta do a few things.
no probs mate
  • #978
  • Feb 20, 2012 3:02am Feb 20, 2012 3:02am
anyone know if its a bank holiday in the USA ? No news events for them today ?
  • #979
  • Feb 20, 2012 3:06am Feb 20, 2012 3:06am
Quoting dan89
strugling to find any good levels on EU today. DW any chance you could post up yours when you get a spare min ?

Ok here are some of the areas for today for EU.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 80 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #980
  • Feb 20, 2012 3:11am Feb 20, 2012 3:11am
Quoting DarkWolF
Ok here are some of the areas for today for EU.
nice one. I managed to get all the same levels except the bottom level
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