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Price Action and Trading Discussion

  • #1,981
  • Jul 30, 2012 3:18am Jul 30, 2012 3:18am
Quoting DarkWolF
This is one of the areas I have been keeping an eye on for obvious reasons I think. I put a pending order in above the small market pause which has just been triggered.
Also in this one.
There acctually a long term-short term TL intersection here.
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Thoughts are things
  • #1,982
  • Jul 30, 2012 3:54am Jul 30, 2012 3:54am
Quoting Quezoy
Also in this one.
There acctually a long term-short term TL intersection here.
Indeed, I have the same line still drawn on my daily charts.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,983
  • Jul 30, 2012 4:51am Jul 30, 2012 4:51am
Didnt know Nial Fuller has an article on my risk/money management strategy here...
http://www.learntotradethemarket.com...ng-performance.

This is why I make as high as 25-35% of my account on a single PA setup but I'm very picky about my trades.
Enjoy folks.
  • #1,984
  • Jul 30, 2012 5:13am Jul 30, 2012 5:13am
Quoting dboy365
Didnt know Nial Fuller has an article on my risk/money management strategy here...
http://www.learntotradethemarket.com...ng-performance.

This is why I make as high as 25-35% of my account on a single PA setup but I'm very picky about my trades.
Enjoy folks.
I could almost be mistaken for thinking that maybe dboy is Nial himself spruiking his own site on here
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,985
  • Jul 30, 2012 6:00am Jul 30, 2012 6:00am
Quoting DarkWolF
I could almost be mistaken for thinking that maybe dboy is Nial himself spruiking his own site on here
By the way dboy I was just joking

He does have a lot of good articles on his site, and plenty of free videos for the new traders to watch also from his home page.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,986
  • Jul 30, 2012 6:27am Jul 30, 2012 6:27am
Quoting DarkWolF
By the way dboy I was just joking

He does have a lot of good articles on his site, and plenty of free videos for the new traders to watch also from his home page.
looooooooooooooool. I'm in the States dude.
Anyway, I wont post his site links here again if this offends you or any one.
  • #1,987
  • Jul 30, 2012 2:17pm Jul 30, 2012 2:17pm
U/C at lower TL and parity.

Break or upmove?
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Thoughts are things
  • #1,988
  • Jul 30, 2012 2:26pm Jul 30, 2012 2:26pm
Quoting dboy365
looooooooooooooool. I'm in the States dude.
Anyway, I wont post his site links here again if this offends you or any one.


It does not bother me at all, dboy.

Anything that is going to help people learn is a good thing.

Post away
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,989
  • Jul 30, 2012 2:33pm Jul 30, 2012 2:33pm
Inside bar of TL.
I'll go for that.
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Thoughts are things
  • #1,990
  • Jul 30, 2012 2:34pm Jul 30, 2012 2:34pm
Quoting Quezoy
U/C at lower TL and parity.

Break or upmove?
Plenty of reasons for price to stall where it did.

It really is one of those areas to be patient. It could go either way from here. Hold at support and move back up to the top of the channel or break below the support area.

The 4 hourly could have given you a potential entry with a break below the small consolidation towards the RN area.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,991
  • Jul 31, 2012 1:56am Jul 31, 2012 1:56am
Hi Guys,

Well not much has happened so far today. Rather quiet across most of the major pairs.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,992
  • Jul 31, 2012 3:20am Jul 31, 2012 3:20am
Quoting DarkWolF
Hi Guys,

Well not much has happened so far today. Rather quiet across most of the major pairs.
I went for a U/CAD long from parity. Nothing happening for now, guess people waiting for news.

But AUD/NZD is going well. If it breaks 1.3 and comes back Ill add position.
Thoughts are things
  • #1,993
  • Jul 31, 2012 3:49am Jul 31, 2012 3:49am
Quoting Quezoy
I went for a U/CAD long from parity. Nothing happening for now, guess people waiting for news.

But AUD/NZD is going well. If it breaks 1.3 and comes back Ill add position.
Indeed a bit of news for both currencies out soon.

Well it has to break the 1.3 first, it just doesnt want to make a solid break of the RN.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,994
  • Jul 31, 2012 4:33am Jul 31, 2012 4:33am
It is strong resistant areas for AUD/NZD- the risk/reward ratio may be is not the best...
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  • #1,995
  • Jul 31, 2012 4:44am Jul 31, 2012 4:44am
Quoting vitall
It is strong resistant areas for AUD/NZD- the risk/reward ratio may be is not the best...
Hi Vitall,

Obviously different time frames can tell different stories.

This is what I am looking at on the daily time frame.

The long term trend line has broken and managed to hold on the retest of that area. There is still plenty of resistance evident around the 1.300 level but I am looking for that to break and hold.

As with all things trading the complete opposite can always happen and the resistance area will hold to stop me out.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,996
  • Jul 31, 2012 4:57am Jul 31, 2012 4:57am
Quoting DarkWolF
Hi Vitall,

Obviously different time frames can tell different stories.

This is what I am looking at on the daily time frame.

The long term trend line has broken and managed to hold on the retest of that area. There is still plenty of resistance evident around the 1.300 level but I am looking for that to break and hold.

As with all things trading the complete opposite can always happen and the resistance area will hold to stop me out.
I second that, but I have also allready closed 2/3 of my posiiton for +53.
Thoughts are things
  • #1,997
  • Jul 31, 2012 7:48am Jul 31, 2012 7:48am
Quoting Quezoy
I went for a U/CAD long from parity. Nothing happening for now, guess people waiting for news.
Good US news, bad CAD news but U/C is falling
Thoughts are things
  • #1,998
  • Aug 6, 2012 12:52am Aug 6, 2012 12:52am
Hi all,

The last few weeks I have had my time distracted by a few other issues and have not been able to keep as close as I normally would to my PC to view charts and the forum.

Things should be getting back to normal for me now with less distractions.

I think the last trade I had going since last posting was AUDJPY daily one of which stopped out for a loss.

Now to see what the charts have in store for us this week
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #1,999
  • Aug 6, 2012 1:27am Aug 6, 2012 1:27am
Yeah, its been a while.

Currently, long EUR/GBP (TP is close) and since today short N/U.
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Thoughts are things
  • #2,000
  • Aug 6, 2012 1:55am Aug 6, 2012 1:55am
Quoting Quezoy
Yeah, its been a while.

Currently, long EUR/GBP (TP is close) and since today short N/U.
Good work, be cautious with that NU one I would say.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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