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Price Action and Trading Discussion

  • #1,821
  • Jul 8, 2012 6:00pm Jul 8, 2012 6:00pm
Quoting Skynet
dboy365,

i have to give you a vouch. please keep up the positive contribution.
Thanks Skynet. Appreciate it.
  • #1,822
  • Jul 8, 2012 6:46pm Jul 8, 2012 6:46pm
D-BOY.

You trade strikingly like this lad. Mortician.

http://www.forexfactory.com/showthread.php?t=246971
.
very, very similar.

He draws the daily TL..only the daily TL or above.....wait for break and pullback and continuation on H1 or H4. then enter...B/E at 1:1 and let the rest run.


Quoting dboy365
[b]How was your weekend mates?
I had a great return on my account equity last week (up 23%) from my GCAD (closed 85% while 15% got stopped out), CADCHF, GOLD, AUDUSD closed for 121pips few minutes ago) trades last week.

New week, new setups, new checks so What pairs are we looking at for this week?

@Quezoy, I like your CADJPY TL. Saw the H4 indecision candles but didnt take this trade because of my opened trades esp. my Sell limit entry on AUDUSD and NZDUSD on another account.
More potential for south moves though but I'd wait for PA formation...
" It may mean something. It may mean nothing at all "
  • #1,823
  • Edited 1:25am Jul 9, 2012 1:15am | Edited 1:25am
Entered GU
Break of 1.55, pullback, went short.

I am not yet in any of the downunder/USD pairs, since I wanted first a clear break and then pullback.
Could happen soon, because A/U is approaching trednline, so there could be some consolidation or pullback there and I will be looking for a way in.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 183 KB
Click to Enlarge Name: au.jpg Size: 201 KB
Thoughts are things
  • #1,824
  • Jul 9, 2012 4:06am Jul 9, 2012 4:06am
Hi guys,

The only position I decided to take so far out of the ones I have been keeping an eye on is NZDUSD Daily.

Put the pending order in earlier today which has now been triggered.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSD Daily 09-07.jpg Size: 89 KB
Click to Enlarge Name: NZDUSD Daily1 09-07.jpg Size: 90 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,825
  • Jul 9, 2012 4:52am Jul 9, 2012 4:52am
Quoting DarkWolF
Hi guys,

The only position I decided to take so far out of the ones I have been keeping an eye on is NZDUSD Daily.

Put the pending order in earlier today which has now been triggered.
Thats good one man.
How did you decide the precise entry point?
  • #1,826
  • Jul 9, 2012 5:18am Jul 9, 2012 5:18am
Quoting DarkWolF
Hi guys,

The only position I decided to take so far out of the ones I have been keeping an eye on is NZDUSD Daily.

Put the pending order in earlier today which has now been triggered.
I went for A/U after the small pullback, cause it has a bit bigger ADR. It still has the TL to break, but I predict this wont be a problem.
And it should be a good protection and area to add.

I also have G/U open where 1.55 holds as resistance.
EUR/GBP also opened, was thinking about adding a positon but did not in the end.
Thoughts are things
  • #1,827
  • Jul 9, 2012 5:27am Jul 9, 2012 5:27am
Quoting chandresh
Thats good one man.
How did you decide the precise entry point?
Entry point for me was simply below the bar that closed below the RN area breaking away from the 3 indecision bars that appeared at the area lining up with the trend line and the longer term resistance area.

This certainly does not mean that price will continue lower, this could quite simply find support at the first level and bounce away to take out my stop.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 109 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,828
  • Jul 9, 2012 5:40am Jul 9, 2012 5:40am
EG stoped out. 1/2 +21 and 1/2 +37.
Thoughts are things
  • #1,829
  • Jul 9, 2012 5:41am Jul 9, 2012 5:41am
Quoting DarkWolF
Entry point for me was simply below the bar that closed below the RN area breaking away from the 3 indecision bars that appeared at the area lining up with the trend line and the longer term resistance area.

This certainly does not mean that price will continue lower, this could quite simply find support at the first level and bounce away to take out my stop.
Your decision was quite logical - longer term resistance area -
quite good, I learned something today..
thx
  • #1,830
  • Jul 9, 2012 5:46am Jul 9, 2012 5:46am
Quoting Quezoy
EG stoped out. 1/2 +21 and 1/2 +37.
Good work
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,831
  • Edited 9:34am Jul 9, 2012 9:10am | Edited 9:34am
Quoting dboy365
How was your weekend mates?
I had a great return on my account equity last week (up 23%) from my GCAD (closed 85% while 15% got stopped out), CADCHF, GOLD, AUDUSD closed for 121pips few minutes ago) trades last week.

New week, new setups, new checks so What pairs are we looking at for this week?

@Quezoy, I like your CADJPY TL. Saw the H4 indecision candles but didnt take this trade because of my opened trades esp. my Sell limit entry on AUDUSD and NZDUSD on another account.
[b]More potential for south moves though...
Hi dboy,

Had a great weekend, how about yours ?

Sounds like a good week of trading for you last week with some good returns.

The charts I was looking at for Daily were the ones I have already posted. Anything else that comes up I will throw up the charts I am looking at.

4 hourly will simply depend on how things play out over the days.

Great to see some good clean charts with good logical lines from both yourself and Quezoy.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,832
  • Jul 9, 2012 9:13am Jul 9, 2012 9:13am
Quoting Quezoy
Unless you are in allready, I would not enter until lower TL is broken.
Good spotting Quezoy.

Have not taken this one as yet only the NZDUSD Daily for me at the moment.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,833
  • Edited 9:22am Jul 9, 2012 9:22am | Edited 9:22am
hi guys

sorry, what is TL stands for?
Is it Trend Line?
  • #1,834
  • Jul 9, 2012 9:33am Jul 9, 2012 9:33am
Quoting chandresh
hi guys

sorry, what is TL stands for?
Is it Trend Line?
Hi Chandresh.

You got it.

TL = Trend Line
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,835
  • Jul 9, 2012 10:11am Jul 9, 2012 10:11am
I am seriously so stupid, after placing order EU price moved in +ve direction and I tried to put BE, price moved back and closed the order, now price above 10pip...
such a stupid action I took...
  • #1,836
  • Jul 9, 2012 10:24am Jul 9, 2012 10:24am
Quoting Quezoy
Entered GU
Break of 1.55, pullback, went short.

I am not yet in any of the downunder/USD pairs, since I wanted first a clear break and then pullback.
Could happen soon, because A/U is approaching trednline, so there could be some consolidation or pullback there and I will be looking for a way in.
GU got stoped out.
AU still going but not a good entry.

I should not have entered another trade of the same type when I was allready in GU, but set a bigger SL on it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.jpg Size: 179 KB
Click to Enlarge Name: au1.jpg Size: 209 KB
Thoughts are things
  • #1,837
  • Jul 9, 2012 12:36pm Jul 9, 2012 12:36pm
just happend....
Attached Image (click to enlarge)
Click to Enlarge Name: uc.jpg Size: 126 KB
  • #1,838
  • Jul 10, 2012 1:37am Jul 10, 2012 1:37am
Now THIS is, what I should have waited for on AU.
Break of trendline + pullback.

Would have saved me yesterdays stress.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 205 KB
Thoughts are things
  • #1,839
  • Jul 10, 2012 1:46am Jul 10, 2012 1:46am
the same story on NU
Attached Image (click to enlarge)
Click to Enlarge Name: nu.jpg Size: 118 KB
  • #1,840
  • Jul 10, 2012 2:53am Jul 10, 2012 2:53am
NZD/JPY

Took 1/2 for +41, rest at BE.
Attached Image (click to enlarge)
Click to Enlarge Name: nj.jpg Size: 195 KB
Thoughts are things
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