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Price Action and Trading Discussion

  • #2,381
  • Oct 16, 2012 4:57am Oct 16, 2012 4:57am
Quoting DarkWolF
I bailed out on this trade and took a small loss rather than waiting for it to potentially hit my original stop loss which was above the RN area.

Just not comfortable with the position, and looking back the rejection bar probably was not a good enough bar that should have had an entry on it. It may very well head down but I have taken the position off now and taking the smaller loss.

Exit at 1.02883
I'll keep it for now.

EUR/AUD breaking above 50fib. Hope it closes there.
USD/CHF moving lower, SL moved to +30.
Thoughts are things
  • #2,382
  • Oct 16, 2012 5:00am Oct 16, 2012 5:00am
Quoting DarkWolF
Looking like that break could be holding Tiwa
Yeap moving accordingly for now BE in place if turn round.
  • #2,383
  • Oct 16, 2012 5:02am Oct 16, 2012 5:02am
Quoting Quezoy
I'll keep it for now.

EUR/AUD breaking above 50fib. Hope it closes there.
USD/CHF moving lower, SL moved to +30.
Ya I am in on that one still, looking ok.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,384
  • Oct 16, 2012 5:03am Oct 16, 2012 5:03am
Quoting Tiwa
Yeap moving accordingly for now BE in place if turn round.
Nice work

Stalled bang on the RN area at 103.00
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,385
  • Oct 16, 2012 5:07am Oct 16, 2012 5:07am
Quoting Tiwa
what do you think about what is happining now on eurjpy 4hour comment please.
Attachment
its still heading north
forexpillariscipline & patience Trader
  • #2,386
  • Oct 16, 2012 5:08am Oct 16, 2012 5:08am
If that RN area can break could be a good chance it may act as a support area.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,387
  • Oct 16, 2012 6:06am Oct 16, 2012 6:06am
Quoting DarkWolF
Ya I am in on that one still, looking ok.
Very nice close above.
Attached Image (click to enlarge)
Click to Enlarge Name: ea.png Size: 32 KB
Thoughts are things
  • #2,388
  • Oct 16, 2012 7:36am Oct 16, 2012 7:36am
G/U ripe for a sell.
I want it a bit closer to the TL, but if your ok with a 60ish SL, go for it.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 33 KB
Thoughts are things
  • #2,389
  • Oct 16, 2012 9:10am Oct 16, 2012 9:10am
Hey all lots of good step ups waiting to be taken.

Still in euraud have shorted aud/usd yesterday and gbpaud long. Just waiting for day to end so i can sell gpbusd!

Do not think i need to post charts as you guys have it all covered and mine look pretty much the same as yours.

Heres gpd aud.
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd.gif Size: 29 KB
  • #2,390
  • Oct 17, 2012 1:03am Oct 17, 2012 1:03am
G/U pending sell.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 35 KB
Thoughts are things
  • #2,391
  • Oct 17, 2012 1:06am Oct 17, 2012 1:06am
U/C nice brake of support which seems to act as resistance now.

E/A holding above the steeper TL for now. If it brakes below I'll probably close it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uc.png Size: 36 KB
Click to Enlarge Name: ea.png Size: 35 KB
Thoughts are things
  • #2,392
  • Edited 2:29am Oct 17, 2012 1:42am | Edited 2:29am
A/U trade closed manually for -27, when the TL got broken.
This was the 1st time I saw the Quasimodo pattern in action.

http://www.nobrainertrades.com/2009/...r-pattern.html
Attached Image (click to enlarge)
Click to Enlarge Name: q.png Size: 40 KB
Thoughts are things
  • #2,393
  • Oct 17, 2012 2:55am Oct 17, 2012 2:55am
Quoting Quezoy
A/U trade closed manually for -27, when the TL got broken.
This was the 1st time I saw the Quasimodo pattern in action.

http://www.nobrainertrades.com/2009/...r-pattern.html
HH and HL

LL and LH

Always good patterns too keep an eye out for.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,394
  • Oct 17, 2012 2:56am Oct 17, 2012 2:56am
Quoting Quezoy
U/C nice brake of support which seems to act as resistance now.

E/A holding above the steeper TL for now. If it brakes below I'll probably close it.
Nice work
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,395
  • Oct 17, 2012 3:00am Oct 17, 2012 3:00am
What do you think about the GU sell?
You think its risk off time allready or will the $ keep on losing?
Thoughts are things
  • #2,396
  • Oct 17, 2012 3:20am Oct 17, 2012 3:20am
Quoting Quezoy
What do you think about the GU sell?
You think its risk off time allready or will the $ keep on losing?
For me i think is too risky for short at that level cus the market was unable to reach those previous level.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4hour 17 10 2012.gif Size: 22 KB
  • #2,397
  • Oct 17, 2012 6:12am Oct 17, 2012 6:12am
closed aud/usd and gpdusd manually.

Euraud still holding losing patience!!!

Did not take GU yesterday as it was not close enough to TL maybe today.
  • #2,398
  • Oct 17, 2012 6:57am Oct 17, 2012 6:57am
E/A closed at break of steeper TL for +132 (1:3.5)

Entry long A/U at break and pullback at resistance.

U/Chf still looking good.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ea.png Size: 40 KB
Click to Enlarge Name: au.png Size: 35 KB
Thoughts are things
  • #2,399
  • Oct 17, 2012 11:28pm Oct 17, 2012 11:28pm
Hi all is anyone watching this one for possible long
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad 4hour 18 10 2012.gif Size: 26 KB

Good luck
  • #2,400
  • Oct 18, 2012 6:04am Oct 18, 2012 6:04am
The trade is in progress going my way @ the moment i hope it will continue
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad 4hour 18 10 2012 update.gif Size: 24 KB
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