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Price Action and Trading Discussion

  • #2,281
  • Oct 8, 2012 5:22am Oct 8, 2012 5:22am
Quoting DarkWolF
GBPUSD short has turned around for me, I have a target area of just above the 1.6000 RN area.

About half way to my target now, but obviously doenst mean it will make it there, could quite easily turn like it did at the end of last week.
That is great, did anyone take this gbpjpy i just closed the trade please comment if the entry is not good enough
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy daily 08 10 2012.gif Size: 19 KB
  • #2,282
  • Oct 8, 2012 6:10am Oct 8, 2012 6:10am
good thread, price action is the best
  • #2,283
  • Oct 8, 2012 7:11am Oct 8, 2012 7:11am
Quoting Tiwa
That is great, did anyone take this gbpjpy i just closed the trade please comment if the entry is not good enoughAttachment
I didnt take that one Tiwa but a good spot and a good place to have closed the trade. Nice work.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,284
  • Oct 8, 2012 7:38am Oct 8, 2012 7:38am
Quoting DarkWolF

I currently have a short open on GBPUSD Daily, got triggered at 1.61053
Closed this one out a touch before the target line. Turned out ok in the end but wasnt looking too good late last week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD Daily 03-10 pending.jpg Size: 88 KB
Click to Enlarge Name: GBPUSD Daily 08-10 TP.jpg Size: 88 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,285
  • Oct 8, 2012 7:44am Oct 8, 2012 7:44am
Quite often we will see this pattern on the charts.

Turned out to be a great area of confluence.

Break, pullback. Longterm trend line, RN area.

And now we area back to the trend line again.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 110 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,286
  • Oct 8, 2012 7:53am Oct 8, 2012 7:53am
Time and time again we will see these areas be respected.

Look for the most obvious areas that stand out on the chart. Confluence of areas.

Are they perfect ? No... Do they always work ? No...

Do they often work... I believe so.

Be patient. Lose the greed and practice discipline.

Just some thoughts
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 103 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,287
  • Oct 8, 2012 8:10am Oct 8, 2012 8:10am
Quoting DarkWolF
Time and time again we will see these areas be respected.

Look for the most obvious areas that stand out on the chart. Confluence of areas.

Are they perfect ? No... Do they always work ? No...

Do they often work... I believe so.

Be patient. Lose the greed and practice discipline.

Just some thoughts
That's right this one too may what watching with patient
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy daily 08 10 2012.gif Size: 20 KB
  • #2,288
  • Oct 8, 2012 8:28am Oct 8, 2012 8:28am
Quoting DarkWolF
Time and time again we will see these areas be respected.

Look for the most obvious areas that stand out on the chart. Confluence of areas.

Are they perfect ? No... Do they always work ? No...

Do they often work... I believe so.

Be patient. Lose the greed and practice discipline.

Just some thoughts
Well put and explained graphically.
Thoughts are things
  • #2,289
  • Oct 8, 2012 12:52pm Oct 8, 2012 12:52pm
Anyone watching this it look good should there be any bounce at the trendline. Comment is welcome
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad 4 hour 08 10 2012.gif Size: 26 KB

Good luck.
  • #2,290
  • Oct 8, 2012 4:40pm Oct 8, 2012 4:40pm
Quoting Tiwa
Anyone watching this it look good should there be any bounce at the trendline. Comment is welcomeAttachment
Good luck.
Nice scenario, looks like very good trade is coming up- Thank you!
  • #2,291
  • Oct 8, 2012 4:52pm Oct 8, 2012 4:52pm
Strong Support/Supply zone has been testing for AUD/JPY. I am going to catch the breakdown or/and the rebound after. Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpy.gif Size: 26 KB
  • #2,292
  • Oct 8, 2012 5:08pm Oct 8, 2012 5:08pm
Pretty looking head and shoulders pattern too though...

Might be time for that neckline to break.
  • #2,293
  • Oct 8, 2012 5:13pm Oct 8, 2012 5:13pm
Quoting Tiwa
That's right this one too may what watching with patient Attachment
It would be nice to short it from the blue zone to the pink on H4.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chf.jpj.d1.gif Size: 22 KB
Click to Enlarge Name: chf.jpj.h4.gif Size: 15 KB
  • #2,294
  • Oct 9, 2012 12:12am Oct 9, 2012 12:12am
Quoting vitall
Strong Support/Supply zone has been testing for AUD/JPY. I am going to catch the breakdown or/and the rebound after. Good luck!
Good spot and thanks for your reply
  • #2,295
  • Oct 9, 2012 12:27am Oct 9, 2012 12:27am
Is anyone watching this for possible short
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf daily 09 10 2012.gif Size: 25 KB

comment please and good luck
  • #2,296
  • Oct 9, 2012 12:53am Oct 9, 2012 12:53am
Nice thread. Keep it indicator free please
  • #2,297
  • Oct 9, 2012 11:59am Oct 9, 2012 11:59am
Quoting Tiwa
Is anyone watching this for possible shortAttachment
comment please and good luck
I wouldnt short now, only if it returns to the upper TL.
Attached Image (click to enlarge)
Click to Enlarge Name: gc.png Size: 53 KB
Thoughts are things
  • #2,298
  • Oct 9, 2012 2:14pm Oct 9, 2012 2:14pm
Quoting Quezoy
I wouldnt short now, only if it returns to the upper TL.
Yes, it is very unclear zone...
  • #2,299
  • Oct 9, 2012 6:29pm Oct 9, 2012 6:29pm
AUD is showing the tendency to go down. Here is another one, but I think it is going to be some mess around the pink zone.
Attached Image (click to enlarge)
Click to Enlarge Name: aud.usd.d1.gif Size: 27 KB
  • #2,300
  • Oct 9, 2012 8:53pm Oct 9, 2012 8:53pm
Quoting Quezoy
I wouldnt short now, only if it returns to the upper TL.
ye, same thought here.
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