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Price Action and Trading Discussion

  • #1,141
  • Apr 2, 2012 5:52pm Apr 2, 2012 5:52pm
Quoting Spongebob123
Hey guys

No trades for me today, yet here are some of my previous trades.

Cheers
Good, Yen pairs were just "one-way" down on 1st day of trading in April.
Are all 4 pairs Yen?
What is BEEB?
Trade As A Sniper
  • #1,142
  • Apr 2, 2012 6:42pm Apr 2, 2012 6:42pm
Quoting pama.fx
Well said, DarkWolf.
How would you describe your trading style recently?
I notice you were moving into the higher tf to trade?
Hi pama.fx,

Well not much has changed for me, simply like to look for opportunities to enter at or around key horizontal and trend line areas.

Ya I have always traded higher TF charts in conjunction with 5 min charts at times the range bars but mainly I traded the 5 min charts. About 2 months ago I was quite busy and had a bit going on so I eased up on the lower time frames a bit and was looking more at the 4 hour and daily purely due to time restraints. So after doing that for about a month ish I found it much more beneficial to me having a bit more time on my hands as I now spend less time watching the charts.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,143
  • Apr 2, 2012 6:49pm Apr 2, 2012 6:49pm
Quoting Spongebob123
Hey guys

No trades for me today, yet here are some of my previous trades.

Cheers
Nice work on the trades Spongebob, looks like you picked up a few pips on those trades.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,144
  • Apr 2, 2012 6:49pm Apr 2, 2012 6:49pm
AU H4

closed over h4 swing, retest entry long, aiming for next daily s/r..

possible trend change setting up on daily tf
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-04-03 at 00.48.49.jpg Size: 73 KB
tradewith60
  • #1,145
  • Apr 2, 2012 6:50pm Apr 2, 2012 6:50pm
Quoting pama.fx
Good, Yen pairs were just "one-way" down on 1st day of trading in April.
Are all 4 pairs Yen?
What is BEEB?
I would imagine by looking at the charts that Spongebob has posted is that BEEB would be his terminology for a bearish outside bar of some description.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,146
  • Apr 2, 2012 6:57pm Apr 2, 2012 6:57pm
Quoting DarkWolF
Hi pama.fx,

Well not much has changed for me, simply like to look for opportunities to enter at or around key horizontal and trend line areas.

Ya I have always traded higher TF charts in conjunction with 5 min charts at times the range bars but mainly I traded the 5 min charts. About 2 months ago I was quite busy and had a bit going on so I eased up on the lower time frames a bit and was looking more at the 4 hour and daily purely due to time restraints. So after doing that for about a month ish I found it much more beneficial to me having...
Thanks for sharing.

Due to work, I also stay on higher tf, at least H1 but prefer H4 and Daily.
I let go many indicators except MA. Still at time I refer to MACD for divergence. I try hard to trade plain but yet to succeed like I notice you are very good in it.

Do keep posting. I enjoy to frequent.
Trade As A Sniper
  • #1,147
  • Apr 2, 2012 7:18pm Apr 2, 2012 7:18pm
Quoting 60minuteman
AU H4

closed over h4 swing, retest entry long, aiming for next daily s/r..

possible trend change setting up on daily tf
Just watching this one at the moment. Looking for a daily opportunity for an entry.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 77 KB
Click to Enlarge Name: 2.jpg Size: 78 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,148
  • Apr 2, 2012 7:44pm Apr 2, 2012 7:44pm
Formatted my PC yesterday, finally got all my trading platforms up, templates on, lines redrawn etc
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,149
  • Apr 2, 2012 7:46pm Apr 2, 2012 7:46pm
Well not much for me on the daily today, will keep an eye on 4 hourly during the day to see what is going on.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,150
  • Apr 2, 2012 8:02pm Apr 2, 2012 8:02pm
So I noticed the lastest news report for JPY, and it was worse than expected, by quite a bit. USD/JPY goes down. Doesn't make sense. Shouldn't USD/JPY go up on JPY bad news?
Play the players, not the cards.
  • #1,151
  • Apr 3, 2012 3:18am Apr 3, 2012 3:18am
Quoting DarkWolF
Formatted my PC yesterday, finally got all my trading platforms up, templates on, lines redrawn etc
I got my MT4 in USB. Kind of handy and mobile this way. Try it yourself.
Trade As A Sniper
  • #1,152
  • Apr 3, 2012 4:06am Apr 3, 2012 4:06am
Quoting pama.fx
I got my MT4 in USB. Kind of handy and mobile this way. Try it yourself.
Ya I have platforms on my mobile, ipad and laptop if needed to use them. Laptop is set up to trade from with tempates etc but cant do the same on mobile and ipad they are just in case all else fails.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,153
  • Apr 3, 2012 4:07am Apr 3, 2012 4:07am
Quoting GnarlyPips
I started actually paying attention to the fundamentals of the forex (trading for a month) and for this week I feel going short on AUD/CAD would be a good idea. The permit news being much worse than expected gives me confidence. However, I will watch out on Thursday, because I expect CAD to get some bad news that day.
Hi Gnarly,

I dont pay too much attention to the fundamentals pretty much just look at the charts.

If there is high impact economic news due I will trade with caution but that is pretty much as far it goes for me when it comes to anything fundamental.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,154
  • Apr 3, 2012 4:25am Apr 3, 2012 4:25am
Anyone got their eyes on any trades ?

Im keeping an eye on EU 4 hourly at the moment for potential long position.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,155
  • Apr 3, 2012 4:27am Apr 3, 2012 4:27am
Potentially cable as well that 1.6000 area is holding so far
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,156
  • Apr 3, 2012 4:42am Apr 3, 2012 4:42am
Quoting DarkWolF
Anyone got their eyes on any trades ?

Im keeping an eye on EU 4 hourly at the moment for potential long position.
Long on EU triggered had a buy stop sitting ready.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 4hr.jpg Size: 104 KB
Click to Enlarge Name: eu 4hourly 1.jpg Size: 94 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,157
  • Apr 3, 2012 4:51am Apr 3, 2012 4:51am
I was looking at this chart of EURNZD this morning for a potential long trade but did not take it.

I do like to keep an eye on the ones I identify and dont take just to see what would have taken place.
Attached Image (click to enlarge)
Click to Enlarge Name: Enzd 4hr.jpg Size: 102 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,158
  • Apr 3, 2012 9:45am Apr 3, 2012 9:45am
Quoting DarkWolF
Hi Gnarly,

I dont pay too much attention to the fundamentals pretty much just look at the charts.

If there is high impact economic news due I will trade with caution but that is pretty much as far it goes for me when it comes to anything fundamental.
Hi DarkWolf
Which are the high impact economic news you pay attention to?
Trade As A Sniper
  • #1,159
  • Apr 3, 2012 2:51pm Apr 3, 2012 2:51pm
After the FOMC news, USDJPY shot up to it's resistance for the pullback trend that's been on for eleven days or so. The support is getting close, but not close enough to cause a breakout, even from good news. I don't think the price will fall below 81.88, or the .236 level on the fib, again. After a failure to make a new low, the price will wonder a bit inside the trend lines then break out upwards.

I'm thinking about going short at market price, with a SL of 25 pips, which is above the resistance line, and PT of 75 pips, which is above S1 for W1 pivot. I'll only be risking .5% on this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy short fib.png Size: 159 KB
Play the players, not the cards.
  • #1,160
  • Apr 3, 2012 6:09pm Apr 3, 2012 6:09pm
Quoting DarkWolF
Long on EU triggered had a buy stop sitting ready.
Well another loss on the books with this one.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4 hourly2.jpg Size: 93 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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