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  • #1,361
  • May 24, 2012 3:11am May 24, 2012 3:11am
AUDCAD 4 hourly.

Waiting for the current bar to close on this pair then will check it out.

Parity level potentially showing a rejection with price spiking slightly over it hitting the horizontal area and moving back.

Could put an entry below the indecision bars that have just taken place but will wait to see how this current bar closes.

Daily view is at the bottom end of the long term range that has been in place. If this level can break and hold next support area is the .99000 area.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.jpg Size: 86 KB
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  • #1,362
  • May 24, 2012 6:34am May 24, 2012 6:34am
Quoting DarkWolF
AUDCAD 4 hourly.

Waiting for the current bar to close on this pair then will check it out.

Parity level potentially showing a rejection with price spiking slightly over it hitting the horizontal area and moving back.

Could put an entry below the indecision bars that have just taken place but will wait to see how this current bar closes.

Daily view is at the bottom end of the long term range that has been in place. If this level can break and hold next support area is the .99000 area.
I put a sell stop in place below the last 4 hourly bar but it shot straight up so nothing filled there as yet.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,363
  • May 24, 2012 7:31pm May 24, 2012 7:31pm
Quoting DarkWolF

The NZDJPY short I entered on the 4 hourly charts has made a nice move down, breaking the lows. We can now see price stalling at the lows as it pushes slightly back up again.

I have locked in some pips on this one also just above the 60.00 RN area.
Trailing stop has been hit on this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY 25-05.jpg Size: 87 KB
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  • #1,364
  • May 24, 2012 8:18pm May 24, 2012 8:18pm
Locked in some of the last position I took on AUDUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 4 hourly 25-05.jpg Size: 99 KB
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  • #1,365
  • May 24, 2012 8:21pm May 24, 2012 8:21pm
Same on this pair locked in some pips now on the second position for NZDUSD.

Have locked in some pips on my EJ last position also but will do up an image later as running out of time.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 25-05.jpg Size: 67 KB
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  • #1,366
  • May 25, 2012 1:37am May 25, 2012 1:37am
My expectation for A/U.
Is this reasonable?
Attached Image (click to enlarge)
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Thoughts are things
  • #1,367
  • May 25, 2012 3:03am May 25, 2012 3:03am
Quoting Quezoy
My expectation for A/U.
Is this reasonable?
Hi Quezoy,

Im assuming you meant EURAUD by your image that is attached.

If so then it is a good area to be keeping an eye on.

The daily could be showing a good continuation pattern also away from the previous lows and 1.3000 area that could give more strength to the 4 hourly chart.

Price has been slowly grinding up towards that 1.3000 and previous support area for some time now.

1.28000 is the bottom of the previous sideways market action and area to play with caution, would like to see a solid bearish bar break that and hold as resistance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 96 KB
Click to Enlarge Name: 2.jpg Size: 75 KB
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  • #1,368
  • May 25, 2012 3:18am May 25, 2012 3:18am
E/A, yes.

1.28 does seem to be the crucial level. Tnx.
Thoughts are things
  • #1,369
  • May 25, 2012 9:11am May 25, 2012 9:11am
Quoting Quezoy
E/A, yes.

1.28 does seem to be the crucial level. Tnx.
Moving through the lower trend line of the channel, now to see if it can keep going and play out the way we want it.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,370
  • May 25, 2012 9:38am May 25, 2012 9:38am
Quoting DarkWolF
Moving through the lower trend line of the channel, now to see if it can keep going and play out the way we want it.
But not before monday. Or would you got for it today?
Thoughts are things
  • #1,371
  • May 25, 2012 9:41am May 25, 2012 9:41am
Watching USD/TRY.
A bearish bat pattern is in the making, which would be completed at RN 1.9

Right now, we have a retracement in the uptrend.
Im tempted to set a pending buy at the 50 fib ret, but would rather wait till monday.
Attached Image(s) (click to enlarge)
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Thoughts are things
  • #1,372
  • May 25, 2012 9:50am May 25, 2012 9:50am
Quoting Quezoy
But not before monday. Or would you got for it today?
It would have been good to see that last bar close below the 1.28000 level. No surprise that it stalled there.

An aggressive entry would be having an order below the RN area and if iI was to contemplate that I would be looking to get to BE reasonably quickly, conservative entry is now to wait and see if it plays out like we planned, but ya' we probably wont see that until early next week now.

Daily close could be interesting also but obviously not seeing that until Monday.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,373
  • May 25, 2012 9:55am May 25, 2012 9:55am
Quoting Quezoy
Watching USD/TRY.
A bearish bat pattern is in the making, which would be completed at RN 1.9

Right now, we have a retracement in the uptrend.
Im tempted to set a pending buy at the 50 fib ret, but would rather wait till monday.
Sorry Quezoy that is not a pattern that I am familiar with and that particualr pair is not one that I keep on my watchlist.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,374
  • May 25, 2012 10:02am May 25, 2012 10:02am
Another one, if you dont mind.

Pair is in a range.
If I see an upmove only till point A (midpoint of range) and then it turns down, it could play out as I drew it.

Just dont know how to interpret the 2 trendlines. Maybe partial TP and BE when at the top of the less steep TL and then see what happens?
Attached Image (click to enlarge)
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Thoughts are things
  • #1,375
  • May 25, 2012 10:20am May 25, 2012 10:20am
Quoting Quezoy
Another one, if you dont mind.

Pair is in a range.
If I see an upmove only till point A (midpoint of range) and then it turns down, it could play out as I drew it.

Just dont know how to interpret the 2 trendlines. Maybe partial TP and BE when at the top of the less steep TL and then see what happens?
This one really isnt doing much for me as yet. There will be some opportunity soon I would imagine.

The bigger picture on the daily shows the reason as to why price is starting to stall and fall into a range. We can then either use that range area to trade from when price moves away or keep an eye on the channel.
Attached Image(s) (click to enlarge)
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  • #1,376
  • May 27, 2012 6:04am May 27, 2012 6:04am
Hi All,

I posted a few times in this thread last year and since then, have been busy with work and did not post anything. I have read this thread with a lot of interest, in fact, I re-read it from page 1 to current page.

A lot of good people and trade ideas here. If you guys don't mind, I would like to start posting and sharing my trade ideas here.

I primarily trade Price Action, using horizontal support/resistance lines, with 2 EMAs as filters and dynamic support (I do not trade cross over of the EMA's).
Using Price action, I look for Pin bars, Inside bars, Engulfing bars and Hikkake patterns.

Here is a trade I am looking at to enter on Monday.

Analysis: EurUsd D1 chart
- major trend is down
- price formed Pin bar at Resistance ~ 1.2612
- Entry at 50% retracement of the Pin bar 1.2550 with SL at 1.2626, TP @ 3R 1.2320.
- Trade management: when price move to +1R, move SL to BE. When price move to 2R, close 1/2 position and let the rest hit 3R or BE.

I would welcome any comments to this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 20120527_EurUsd_D1_Short_Pin bar.jpg Size: 132 KB
  • #1,377
  • Edited 2:59pm May 27, 2012 12:11pm | Edited 2:59pm
Lets see how we open today.
Right now we sit at BRN 1.25 and I would not go short unless we crack it.
Thoughts are things
  • #1,378
  • May 28, 2012 3:31am May 28, 2012 3:31am
Took a short from the upper trendline
First profit and BE pretty fast at the first trouble area 20 pips away.

I will trail it now.
If we reach the swing low support, I'll watch the PA and if its favorable for a down continuation I will add to myposition.

p.s. server problems - thats why a recent candle is missing
Attached Image (click to enlarge)
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Thoughts are things
  • #1,379
  • May 28, 2012 3:44am May 28, 2012 3:44am
Quoting fuzzy
Hi All,

I posted a few times in this thread last year and since then, have been busy with work and did not post anything. I have read this thread with a lot of interest, in fact, I re-read it from page 1 to current page.

A lot of good people and trade ideas here. If you guys don't mind, I would like to start posting and sharing my trade ideas here.

I primarily trade Price Action, using horizontal support/resistance lines, with 2 EMAs as filters and dynamic support (I do not trade cross over of the EMA's).
Using Price action, I look for Pin...
Hi Fuzzy,

You are more than welcome to post and share ideas here.

It sounds like you look for a lot of similar things that I do. Good to see you have trading plan set out to manage your positions also.

The only comment I would make on that trade is the Pin Bar is in the wrong place for me. I like to see price swing up when its down trending and then give some sort of PA bar. Or to a pattern of some description being broken.

We have seen price gap up and then stall at the lows around the 1.26258 area. So now its bulls at the 1.2500 level to the bears at the 1.26258 area.

I look forward to seeing some more of your charts.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,380
  • May 28, 2012 3:51am May 28, 2012 3:51am
Quoting DarkWolF
Hi Quezoy,

Im assuming you meant EURAUD by your image that is attached.

If so then it is a good area to be keeping an eye on.

The daily could be showing a good continuation pattern also away from the previous lows and 1.3000 area that could give more strength to the 4 hourly chart.

Price has been slowly grinding up towards that 1.3000 and previous support area for some time now.

1.28000 is the bottom of the previous sideways market action and area to play with caution, would like to see a solid bearish bar break that and hold...
Price broke 1.28
Did not have a chance to enter.
Looking for retracement to 1.28 resistance and then short.
Thoughts are things
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