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Price Action and Trading Discussion

  • #2,001
  • Aug 6, 2012 3:25am Aug 6, 2012 3:25am
Price is still respecting the channel at the moment. Stalled at the parity RN area.

Are we going to see price collapse below the parity level or hold as support.
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Click to Enlarge Name: USDCAD daily.jpg Size: 82 KB
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  • #2,002
  • Aug 6, 2012 3:36am Aug 6, 2012 3:36am
This one has been largely sideways of late but keeping an eye on some of the more recent levels.
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  • #2,003
  • Aug 6, 2012 5:17am Aug 6, 2012 5:17am
Quoting Quezoy
Yeah, its been a while.

Currently, long EUR/GBP (TP is close) and since today short N/U.
E/G, take profit hit.
Thoughts are things
  • #2,004
  • Aug 6, 2012 6:13am Aug 6, 2012 6:13am
Quoting Quezoy
E/G, take profit hit.
Nice work.

Its stalling at a resistance area, but the current move looks to have some strength holding outside of the channel so far on the 4 hourly.
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  • #2,005
  • Aug 6, 2012 6:43am Aug 6, 2012 6:43am
Quoting DarkWolF
Nice work.

Its stalling at a resistance area, but the current move looks to have some strength holding outside of the channel so far on the 4 hourly.
And also close to BRN and TL down.

N/U not looking good, but AUD/NZD Im short so if the 1st trade hits SL, the 2nd should go into profit.
Thoughts are things
  • #2,006
  • Aug 6, 2012 10:21am Aug 6, 2012 10:21am
Quoting Quezoy
And also close to BRN and TL down.

N/U not looking good, but AUD/NZD Im short so if the 1st trade hits SL, the 2nd should go into profit.
nice one Quezoy
Your NU sell was pretty risky given the strong bullish trend.
Welcome back DF.
  • #2,007
  • Aug 6, 2012 12:17pm Aug 6, 2012 12:17pm
aud/jpy buy at the end of daily close. Price crossed resistance came back to touch. H4 is forming pin bar.

One could say also high low pattern from 80.00 trend line upwards.

TRend is also upwards.
  • #2,008
  • Aug 6, 2012 12:28pm Aug 6, 2012 12:28pm
Quoting dboy365
Your NU sell was pretty risky given the strong bullish trend.
yes, but there was a big ass TL there - zoom out and you'll see.
But Im allready long N/U - a strategy Im trying out.
Thoughts are things
  • #2,009
  • Aug 6, 2012 2:22pm Aug 6, 2012 2:22pm
There is a lot of indecision and consolidation across most of the pairs at the moment. It is a good time to be cautious with your trades.
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  • #2,010
  • Aug 6, 2012 9:04pm Aug 6, 2012 9:04pm
Dark do you trade full time?
What is any ocean but a multitude of drops?
  • #2,011
  • Aug 7, 2012 2:18am Aug 7, 2012 2:18am
Quoting Xhale12
Dark do you trade full time?
Hi Xhale,

No I do not trade full time.

I am quite lucky with the time zone that I am in being based in Australia.

If I want to trade intraday charts the main sessions are at night my time and daily opens I can check just before I head to work which is also convenient.

Therefore I am able to easily trade as well as having an income stream from working.
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  • #2,012
  • Aug 7, 2012 3:08am Aug 7, 2012 3:08am
I put this peding order in the market which has just been triggered.

This may be a little bit aggressive for an entry but I guess time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 4 hourly 07-08.jpg Size: 88 KB
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  • #2,013
  • Aug 7, 2012 3:11am Aug 7, 2012 3:11am
Short pending order for USDCAD daily.
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Click to Enlarge Name: USDCAD Daily pending 07-08.jpg Size: 88 KB
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  • #2,014
  • Aug 7, 2012 3:18am Aug 7, 2012 3:18am
Quoting DarkWolF
I put this peding order in the market which has just been triggered.

This may be a little bit aggressive for an entry but I guess time will tell.
Aggresive it is, the resistance at 1.567-ish would be a no-go for me, but it can go through, of course.
Thoughts are things
  • #2,015
  • Aug 7, 2012 3:24am Aug 7, 2012 3:24am
Quoting Quezoy
Aggresive it is, the resistance at 1.567-ish would be a no-go for me, but it can go through, of course.
My target is just below the RN area so now its a waiting game
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  • #2,016
  • Aug 7, 2012 4:15am Aug 7, 2012 4:15am
Quoting DarkWolF
Short pending order for USDCAD daily.
This position has now been triggered.
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  • #2,017
  • Aug 7, 2012 5:51am Aug 7, 2012 5:51am
Quoting DarkWolF
This position has now been triggered.
Good call.
I'll lurk around and if there's a pullback till TL I'll join you.

Still N/U long and AUD/NZD short. No movemwnt.
Thoughts are things
  • #2,018
  • Aug 7, 2012 6:10am Aug 7, 2012 6:10am
Quoting DarkWolF
I put this peding order in the market which has just been triggered.

This may be a little bit aggressive for an entry but I guess time will tell.
BE has been entered on this position so have a risk free trade now.

Fell slightly short of the target area for now.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 4 hourly 07-08 BE.jpg Size: 102 KB
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  • #2,019
  • Aug 7, 2012 1:48pm Aug 7, 2012 1:48pm
Quoting DarkWolF
BE has been entered on this position so have a risk free trade now.

Fell slightly short of the target area for now.
Position ended up having the BE hit, falling about 10 pips short of my PT.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 4 hourly 08-08 BE.jpg Size: 96 KB
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  • #2,020
  • Aug 8, 2012 7:19am Aug 8, 2012 7:19am
I've joined you in this USD/CAD short.
Im also USD/CHF short.
Thoughts are things
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