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Price Action and Trading Discussion

  • #1,941
  • Jul 20, 2012 10:10am Jul 20, 2012 10:10am
Quoting dboy365
ye; on retracement higher.
Ya sometimes its just those few pips that either keep you out of the position or miss your TP orders that is sitting in there.

Can be frustrating at times but when you are not around to watch the marekt to close out manually its all we can do.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,942
  • Jul 20, 2012 10:44am Jul 20, 2012 10:44am
Quoting DarkWolF
Have been out tonight so have not seen much of the session but got home to see target achieved on this position.
Good play
Thoughts are things
  • #1,943
  • Jul 22, 2012 8:04am Jul 22, 2012 8:04am
Potential wedge forming as price struggles to break the key resistance areas. There has been a lot of sideways market action on this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily.jpg Size: 95 KB
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  • #1,944
  • Jul 22, 2012 8:11am Jul 22, 2012 8:11am
Potential for a continuation pattern to be coming into play.

There is plenty of confluence of areas on this chart.

But as with all things trading, anything can happen.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Daily.jpg Size: 96 KB
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  • #1,945
  • Jul 22, 2012 8:18am Jul 22, 2012 8:18am
Will we finally see a break or will it simply to continue to congest and move back up to the top of the wedge.
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Click to Enlarge Name: CADJPY Daily.jpg Size: 79 KB
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  • #1,946
  • Jul 22, 2012 11:47am Jul 22, 2012 11:47am
Quoting DarkWolF
Will we finally see a break or will it simply to continue to congest and move back up to the top of the wedge.
IMO, the break to the downside allready happened on friday.
Surely its a question of perspective, but I think this qualifies as a break down.
Attached Image (click to enlarge)
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Thoughts are things
  • #1,947
  • Jul 22, 2012 2:07pm Jul 22, 2012 2:07pm
It can retrace from the Demand zone to the red line and should go down, what do you think, guys?
Attached Image (click to enlarge)
Click to Enlarge Name: cad usd.gif Size: 20 KB
  • #1,948
  • Jul 22, 2012 5:20pm Jul 22, 2012 5:20pm
Quoting vitall
It can retrace from the Demand zone to the red line and should go down, what do you think, guys?
It could retrace and that would be then a very nice shorting opportunity.
Thoughts are things
  • #1,949
  • Jul 22, 2012 5:30pm Jul 22, 2012 5:30pm
AUD/NZD sell stop.

Very strong resistance reached - BRN 1.30. Massive reaction in the past.
AUD reached resistance also against several other pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: an.jpg Size: 205 KB
Thoughts are things
  • #1,950
  • Jul 23, 2012 1:01am Jul 23, 2012 1:01am
Quoting Quezoy
AUD/NZD sell stop.

Very strong resistance reached - BRN 1.30. Massive reaction in the past.
AUD reached resistance also against several other pairs.
btw
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 67 KB
  • #1,951
  • Jul 23, 2012 2:36am Jul 23, 2012 2:36am
Quoting Quezoy
AUD/NZD sell stop.

Very strong resistance reached - BRN 1.30. Massive reaction in the past.
AUD reached resistance also against several other pairs.
Looks like I've picked the wrong pair to short.
USD and JPY drop like its hot.
Thoughts are things
  • #1,952
  • Jul 23, 2012 6:01am Jul 23, 2012 6:01am
EUR/JPY: It is nice short trade from the pink to the blue zone- watch for the PA.
Attached Image (click to enlarge)
Click to Enlarge Name: eur jpy.gif Size: 13 KB
  • #1,953
  • Jul 23, 2012 7:15am Jul 23, 2012 7:15am
Quoting vitall
EUR/JPY: It is nice short trade from the pink to the blue zone- watch for the PA.
Hi Vitall,

Yes indeed, there is a very good chance the RN area at 95.000 may hold as a good resistance area.
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  • #1,954
  • Jul 23, 2012 7:20am Jul 23, 2012 7:20am
Quoting Quezoy
AUD/NZD sell stop.

Very strong resistance reached - BRN 1.30. Massive reaction in the past.
AUD reached resistance also against several other pairs.
Quoting Quezoy
Looks like I've picked the wrong pair to short.
USD and JPY drop like its hot.
It is a sound resistance area, potentially stop could have been placed above the the previous highs for a bit more protection.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,955
  • Jul 23, 2012 10:06am Jul 23, 2012 10:06am
GBP/USD: It is nice short opportunity on H1 from the pink zone down to the blue.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd.gif Size: 17 KB
  • #1,956
  • Jul 23, 2012 12:45pm Jul 23, 2012 12:45pm
Quoting DarkWolF
It is a sound resistance area, potentially stop could have been placed above the the previous highs for a bit more protection.
You are right. My SL got hit, but I've reentered some 30 pips higher and now my SL is in my personally acceptable zone.
Thats what I should have done in first place.
Thoughts are things
  • #1,957
  • Jul 24, 2012 4:13am Jul 24, 2012 4:13am
Quoting Quezoy
Looks like I've picked the wrong pair to short.
USD and JPY drop like its hot.
thats right. The AUDNZD doesnt look like its coming just yet.
  • #1,958
  • Jul 24, 2012 4:22am Jul 24, 2012 4:22am
Quoting Quezoy
You are right. My SL got hit, but I've reentered some 30 pips higher and now my SL is in my personally acceptable zone.
Thats what I should have done in first place.
Seems most of your SL gets taken out. Are you doing anything about it?
  • #1,959
  • Jul 24, 2012 4:25am Jul 24, 2012 4:25am
I'm short the jpy crosses and already started adding positions via sell stop orders at break of key support areas. This is long term for me...
charts later
  • #1,960
  • Jul 24, 2012 4:28am Jul 24, 2012 4:28am
Quoting dboy365
I'm short the jpy crosses and already started adding positions via sell stop orders at break of key support areas. This is long term for me...
charts later
Im long UJ since yesterday.
Thoughts are things
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