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Price Action and Trading Discussion

  • #1,501
  • Jun 5, 2012 3:28pm Jun 5, 2012 3:28pm
Quoting BullsVsBears
Oh, I was wondering why you chose that pair. I know the spread is alot... But your trading demo so I understand now... I thought you were live trading that pair
feels good to clear things up
Thoughts are things
  • #1,502
  • Jun 5, 2012 3:39pm Jun 5, 2012 3:39pm
Quoting Quezoy
feels good to clear things up
I have multiple personalities... Bull today Bear tomorrow!
  • #1,503
  • Jun 5, 2012 4:22pm Jun 5, 2012 4:22pm
Quoting biDc
EUR/USD trade stopped out at 66 pips for a 1.5R gain. It's unfortunate that I wasn't awake to see the inside bar form. It would've been quite a trade. Oh well, next one!
Nice work, +66 pips is a great result.

The 1.25 area still providing some resistance.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,504
  • Jun 5, 2012 4:24pm Jun 5, 2012 4:24pm
Quoting BullsVsBears
Hello fellow traders, I stumbled across your thread and I like the topic.. I too am a PA trader so if you don't mind I'd like to hang around more often!
Hi BB,

No probs at all, look forward to seeing some charts and analysis.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,505
  • Jun 5, 2012 4:26pm Jun 5, 2012 4:26pm
Quoting Quezoy
Locked 40, rest to BE.
Good work on the trade management Quezoy.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,506
  • Jun 5, 2012 5:11pm Jun 5, 2012 5:11pm
Quoting Quezoy
AUD/NZD went to hell, yes. I expected 1.285 to hold as resistance but boy, was I wrong.

Currently holding G/J and A/U long. You think those were OK to enter?
GJ is going well. And good I've used a bigger SL here, cause if I'd put one as usuall I'd be stoped out. Taken 40 the rest at BE.

A/U I've closed with +4 pips. Just a gut feeling...
Thoughts are things
  • #1,507
  • Jun 5, 2012 5:47pm Jun 5, 2012 5:47pm
Quoting DarkWolF
Nice work, +66 pips is a great result.

The 1.25 area still providing some resistance.
Thanks and yeah 1.25 is holding for the moment.

I "pre-fired" a short earlier today. Now I have another short order set-up at the break of the inside bar in H4. Daily bias has shifted to the down side.
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  • #1,508
  • Jun 5, 2012 6:04pm Jun 5, 2012 6:04pm
Quoting biDc
Thanks and yeah 1.25 is holding for the moment.

I "pre-fired" a short earlier today. Now I have another short order set-up at the break of the inside bar in H4. Daily bias has shifted to the down side.
I nabbed 74 pips on that inside bar earlier this morning and closed my short.. I'm a lil weary about shorting again until after ECB meeting tomorrow... I think price will rally... Also that inside bar is sitting on 38 fib so I'll pass... Good luck!
I have multiple personalities... Bull today Bear tomorrow!
  • #1,509
  • Jun 5, 2012 6:07pm Jun 5, 2012 6:07pm
Quoting BullsVsBears
I nabbed 74 pips on that inside bar earlier this morning and closed my short.. I'm a lil weary about shorting again until after ECB meeting tomorrow... I think price will rally... Also that inside bar is sitting on 38 fib so I'll pass... Good luck!
This is what my charts show
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I have multiple personalities... Bull today Bear tomorrow!
  • #1,510
  • Jun 5, 2012 6:20pm Jun 5, 2012 6:20pm
Quoting BullsVsBears
I nabbed 74 pips on that inside bar earlier this morning and closed my short.. I'm a lil weary about shorting again until after ECB meeting tomorrow... I think price will rally... Also that inside bar is sitting on 38 fib so I'll pass... Good luck!
Nice! I wished I was awake for that!
  • #1,511
  • Jun 5, 2012 6:23pm Jun 5, 2012 6:23pm
Quoting biDc
Nice! I wished I was awake for that!
It actually formed at 9pm eastern time for me.. Price moved around 3am so I set the order and woke up to green pips... I love when that happens
I have multiple personalities... Bull today Bear tomorrow!
  • #1,512
  • Jun 5, 2012 8:28pm Jun 5, 2012 8:28pm
The anticipated short was stopped out. I deserved it for pulling a trigger ahead of time

Price broke the inside bar to the upside. Went long instead of short, short order is still there though.
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  • #1,513
  • Edited 4:34am Jun 6, 2012 2:43am | Edited 4:34am
Quoting Quezoy
GJ is going well. And good I've used a bigger SL here, cause if I'd put one as usuall I'd be stoped out. Taken 40 the rest at BE.

A/U I've closed with +4 pips. Just a gut feeling...
GJ opened 2nd position and closed allready half for +50.
SL of 1st and 2nd postion now both at BE of 2nd position.

AU went up during the night and would have hit my 1st TP. But I've closed it... I let myself get influenced by DW's "be cautious"
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Thoughts are things
  • #1,514
  • Jun 6, 2012 4:21am Jun 6, 2012 4:21am
Quoting Quezoy
GJ opened 2nd position and closed allready half for +50.
SL of 1st and 2nd postion now both at BE of 1st position.

AU went up during the night and would have hit my 1st TP. But I've closed it... I let myself get influenced by DW's "be cautious"
Good work on the positions for GJ Quezoy.

My apologies this is why I always recommend if your trading plan is telling you to do something then stick to your plan. You never really know what is going to happen with a pair, my overall opinion is that it will continue lower long term, of course I have been known to be wrong my stop out positions will be testament to that .

It certainly looks as if the support levels and the pin bars have turned out ok and if I was to have played them I simply would have traded with caution and kept BE in quickly and trailing stops in place.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,515
  • Jun 6, 2012 4:33am Jun 6, 2012 4:33am
No problems mate, it was my mistake.

Watching EUR/NZD for a brake down.
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Thoughts are things
  • #1,516
  • Jun 6, 2012 4:47am Jun 6, 2012 4:47am
Quoting Quezoy
No problems mate, it was my mistake.

Watching EUR/NZD for a brake down.
Ya' I have been keeping an eye on that one also just undecided as to play a break or wait for a pullback continuation.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,517
  • Jun 6, 2012 4:50am Jun 6, 2012 4:50am
Quoting DarkWolF
Ya' I have been keeping an eye on that one also just undecided as to play a break or wait for a pullback continuation.
I tend towards the 2nd option.
It was a strong downmove so I'd like to see a pullback before entering.
Thoughts are things
  • #1,518
  • Jun 6, 2012 8:34am Jun 6, 2012 8:34am
Well, I took the trade on the break, since price closed so nicely below the lowest close of support.
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Thoughts are things
  • #1,519
  • Jun 6, 2012 9:28am Jun 6, 2012 9:28am
Quoting Quezoy
Well, I took the trade on the break, since price closed so nicely below the lowest close of support.
Looking ok so far too
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,520
  • Jun 6, 2012 10:59am Jun 6, 2012 10:59am
Damn it.
My broker just closed my demo account, saying it expired.
As if I did not ask before if its unlimited...

My stats go to hell again.

Need to chill now, will think what to do tommorow.
Thoughts are things
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