Price Action and Trading Discussion | Page 82 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price action at the core = family members' discussion project 2,214 replies

Price Action discussion 26 replies

Volume Price Level Trading Discussion Area 1 reply

Trading and Exchanges Discussion Thread 17 replies

Maxsmarts Trading Journal and Discussion 164 replies

Attachments: Price Action and Trading Discussion
Exit Attachments

Price Action and Trading Discussion

  • #1,621
  • Jun 22, 2012 3:42am Jun 22, 2012 3:42am
Quoting DarkWolF
Hi Quezoy,

The question I would ask you is why did you move your sell position up rather than leaving it below the channel ?

I would be waiting until I either see solid bar to break the channel short or waiting for a break pullback or break pause set up out of the channel.
Well, I went for a channel play, after some stagnation yesterday bellow 1.25
I though, even if the low holds, I can back 50 pips till there if I enter early.

Not the smartest of moves, but it is what it is.
Thoughts are things
  • #1,622
  • Jun 22, 2012 3:53am Jun 22, 2012 3:53am
I was waiting for something like this to take place on AUD and got triggered into the trade last night.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD Daily 21-06 pending.jpg Size: 85 KB
Click to Enlarge Name: AUDUSD 22-06.jpg Size: 88 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,623
  • Jun 22, 2012 4:03am Jun 22, 2012 4:03am
Quoting DarkWolF
I was waiting for something like this to take place on AUD and got triggered into the trade last night.
Yes, that was nice.

I was thinking about a touch play from this resistance, but found it a bit risky. So I wanted a PA confirmation, but did not get it; I was not at my computer at that time.
Missed the move...
Thoughts are things
  • #1,624
  • Edited 10:46am Jun 22, 2012 10:28am | Edited 10:46am
USD/JPY short from supply level. There was a (small) pinbar, but maybe all selling power is allready spent here, since its the 4th return. Though, the 1st one after a long time.

No reaction for now.
Attached Image (click to enlarge)
Click to Enlarge Name: uy.jpg Size: 225 KB
Thoughts are things
  • #1,625
  • Jun 24, 2012 8:23am Jun 24, 2012 8:23am
Hi guys,

Hope your weekend has been a good one so far.

There has been a lot of pairs reaching the 50 to 61% retracements along with long term horizontal resistance areas so I am interested to see how we start the week off.

These are the areas where price really can go either way and set itself up for the next move.

AU, GU and AJ dailies are just a few examples of some charts where price has reached these levels.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 91 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,626
  • Jun 24, 2012 9:11am Jun 24, 2012 9:11am
hi
crude oil ready for pullback as it has bounced from the major demand zone
trading @ $80.14, could easily retest the 82 - 86$ levels in short term, in respect to current economic conditions one would disagree on this but charts tell us all. Crude Oil hold major support @ 77-75$ range. IMHO one would avoid fresh shorts in this commodity.
Attached Image (click to enlarge)
Click to Enlarge Name: crude.PNG Size: 46 KB
rocky1980
  • #1,627
  • Jun 25, 2012 4:36am Jun 25, 2012 4:36am
Quoting rocky1980
hi
crude oil ready for pullback as it has bounced from the major demand zone
trading @ $80.14, could easily retest the 82 - 86$ levels in short term, in respect to current economic conditions one would disagree on this but charts tell us all. Crude Oil hold major support @ 77-75$ range. IMHO one would avoid fresh shorts in this commodity.
Hi Rocky,

I dont normally follow oil very closely, but yes looking at that chart there is a good support area evident and likely that the area around the bottom of that boxed consolidation will act as some sort of resistance if price pushes back up that way.

There has been a rather solid down move on this chart though. If you area going to trade against this keep your stops in place.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,628
  • Jun 25, 2012 4:59am Jun 25, 2012 4:59am
USD/JPY 1/2 taken for +48 as we are close to FTA, rest at BE.

EUR/AUD finaly looks like breaking to the downside.
AUD/CAD looking to add position. Order above and bellow current price, will keep only the one which gets triggered frist.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 196 KB
Click to Enlarge Name: ea.jpg Size: 250 KB
Click to Enlarge Name: ac.jpg Size: 256 KB
Thoughts are things
  • #1,629
  • Jun 25, 2012 5:34am Jun 25, 2012 5:34am
Quoting Quezoy
USD/JPY 1/2 taken for +48 as we are close to FTA, rest at BE.

EUR/AUD finaly looks like breaking to the downside.
AUD/CAD looking to add position. Order above and bellow current price, will keep only the one which gets triggered frist.
Good work Quezoy
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,630
  • Jun 25, 2012 6:15am Jun 25, 2012 6:15am
NZDJPY daily chart I had a pending order sitting below Thursdays bar.

This did not get triggered on Friday but has been triggered today.

Now the wait to see how price wants to play out.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 97 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,631
  • Jun 25, 2012 6:25am Jun 25, 2012 6:25am
Quoting DarkWolF
I was waiting for something like this to take place on AUD and got triggered into the trade last night.
Looking ok so far, now I want to see the RN area of parity break and hold as resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Daily 25-06.jpg Size: 100 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,632
  • Jun 25, 2012 5:13pm Jun 25, 2012 5:13pm
Quoting DarkWolF
Looking ok so far, now I want to see the RN area of parity break and hold as resistance.
I would be very much surprised if this would not continue for a good handfull of pips.
Thoughts are things
  • #1,633
  • Jun 25, 2012 5:15pm Jun 25, 2012 5:15pm
CHF/JPY pending short

Trendline broken, pullback to it, nice space to the south.
Expecting a continuation down, as yen shows strenght and has IMO still power left.
Attached Image (click to enlarge)
Click to Enlarge Name: cj.jpg Size: 224 KB
Thoughts are things
  • #1,634
  • Jun 26, 2012 4:26am Jun 26, 2012 4:26am
Quoting Quezoy
CHF/JPY pending short

Trendline broken, pullback to it, nice space to the south.
Expecting a continuation down, as yen shows strenght and has IMO still power left.
Hi Quezoy,

This is not one I normally keep on my watchlist but just pulled the chart up to have a look. Good spot with some confluence of a RN area that was previously an area that price stalled at recently.

Looking ok for you so far.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,635
  • Jun 26, 2012 7:44am Jun 26, 2012 7:44am
Hi Guys,

This position has been going for a little over 2 weeks now.

Have decided its time to lock in some of the pips and see where it goes from here.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD 26-06 first trail.jpg Size: 88 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,636
  • Jun 26, 2012 7:47am Jun 26, 2012 7:47am
Quoting DarkWolF
I was waiting for something like this to take place on AUD and got triggered into the trade last night.
Have entered BE on this position. Price simply hanging around the parity level not really wanting to make clear break lower so BE to play it safe for now.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Daily 26-06 BE.jpg Size: 76 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,637
  • Jun 26, 2012 8:01am Jun 26, 2012 8:01am
Some updates

CHF/JPY: 48 taken, rest at BE
USD/JPY: opened 2nd position, 1st TP not yet reached. Monitoring closely.
EUR/AUD: finaly break out of channel. 35 taken, rest at BE
AUD/CAD: added position, in minus ATM, but still place til SL. If it gets hit, E/A should make some additional pips.
Thoughts are things
  • #1,638
  • Jun 26, 2012 8:05am Jun 26, 2012 8:05am
Quoting Quezoy
Some updates

CHF/JPY: 48 taken, rest at BE
USD/JPY: opened 2nd position, 1st TP not yet reached. Monitoring closely.
EUR/AUD: finaly break out of channel. 35 taken, rest at BE
AUD/CAD: added position, in minus ATM, but still place til SL. If it gets hit, E/A should make some additional pips.
Nice work.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,639
  • Jun 26, 2012 10:50am Jun 26, 2012 10:50am
Update
Quoting Quezoy
Some updates

CHF/JPY: 48 taken, rest at BE. SL hit at BE
USD/JPY: opened 2nd position, 1st TP not yet reached. Monitoring closely. Closed all positions for I did not like the PA. Old position +82, new +12.
EUR/AUD: finaly break out of channel. 35 taken, rest at BE. Short pullback, going south again.
AUD/CAD: added position, in minus ATM, but still place til SL. If it gets hit, E/A should make some additional pips. Still cruising there
DW, how many pairs do you watch?
Thoughts are things
  • #1,640
  • Jun 26, 2012 10:55am Jun 26, 2012 10:55am
Recently, I've added a new tool to my trading, which I came to like very much.

Its an alerter, which, guess what, alerts you when price reaches a TL, HL, fib, rectangle... so, no more suboptimal entries and missed opportunities.

Just check your pairs, spot something, draw a line, drop it in and 3 days later it rings and you got a spot on entry.

Im attaching it, if anybody wants it.
Attached File(s)
File Type: ex4 Alerter4U.ex4   8 KB | 338 downloads
Thoughts are things
5 traders viewing now