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Price Action and Trading Discussion

  • #2,421
  • Oct 24, 2012 8:59pm Oct 24, 2012 8:59pm
Quoting Quezoy
How far your planing to go with this one, being countertrend and stuff...?
ye...countertrend buy from support pin bar formation on 4HR TF. See update pix of trade. SL at BE.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu nice support buy from 4hr pin.jpg Size: 103 KB
Click to Enlarge Name: gbpusd update.jpg Size: 98 KB
  • #2,422
  • Oct 24, 2012 9:02pm Oct 24, 2012 9:02pm
Quoting dboy365
ye...countertrend buy from support pin bar formation on 4HR TF. See update pix of trade. SL at BE.
Other buys got triggered too...off 4hr pin (nj) and Daily pin bar (cadjpy, eurjpy and others). Lets see how it goes.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nj.jpg Size: 103 KB
Click to Enlarge Name: cadjpy.jpg Size: 104 KB
Click to Enlarge Name: uj late daily entry buy triggered.jpg Size: 85 KB
Click to Enlarge Name: ej buy triggered.jpg Size: 99 KB
  • #2,423
  • Oct 24, 2012 9:34pm Oct 24, 2012 9:34pm
Quoting dboy365
Other buys got triggered too...off 4hr pin (nj) and Daily pin bar (cadjpy, eurjpy and others). Lets see how it goes.
ecad soon to be triggered on daily TF. Nice rejection of support.
Attached Image (click to enlarge)
Click to Enlarge Name: ecad.jpg Size: 98 KB
  • #2,424
  • Oct 25, 2012 3:56am Oct 25, 2012 3:56am
Hi guys,

I won't get much charting done this week. I am away for the Australian Moto GP and currently only have my iPad with me.

Won't be back home to be able to use the PC until Monday but will keep an eye as best I can my iPad.

Hope you are all picking up some pips.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,425
  • Oct 25, 2012 4:01am Oct 25, 2012 4:01am
Quoting dboy365
ecad soon to be triggered on daily TF. Nice rejection of support.
Hi dboy,

A good support area with a good bar, also some close by resistance at the top of the previous range area.

Hope it all goes as planned for you.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,426
  • Oct 25, 2012 4:06am Oct 25, 2012 4:06am
Quoting dboy365
Other buys got triggered too...off 4hr pin (nj) and Daily pin bar (cadjpy, eurjpy and others). Lets see how it goes.
From what I can see from these on my charting app they are looking ok for you so far.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,427
  • Oct 25, 2012 4:13am Oct 25, 2012 4:13am
Quoting Quezoy
N/U pending sell. Support&TL broken, pullback up to the former uptrend TL.

E/A broke the uptrend and is likely to go lower if BRN is breached. I'd also enter near TL.
Hi Quezoy,

Looks like EA made that short move.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,428
  • Oct 25, 2012 5:14am Oct 25, 2012 5:14am
Quoting DarkWolF
Hi Quezoy,

Looks like EA made that short move.
E/A moving nowhere for now.
N/U got busted. I've entered before RBNZ Rate Statement which I was aware of, but still did it. I'll know better next time.

I'm short E/G. A good Prelim GDP q/q was expected and the up-TL got broken so went for it.
I dont watch fundies much, but am starting to do it more. I need to be aware at least of the big stuff.
Attached Image (click to enlarge)
Click to Enlarge Name: eg.png Size: 34 KB
Thoughts are things
  • #2,429
  • Oct 25, 2012 5:56am Oct 25, 2012 5:56am
This may look complicated and you dont have to take the trade maybe for experimental purpose but if the formation do occur i will be taking this and your comment is highly welcome.Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 4hour 25 10 2012.gif Size: 28 KB
  • #2,430
  • Oct 25, 2012 6:57am Oct 25, 2012 6:57am
Quoting Tiwa
This may look complicated and you dont have to take the trade maybe for experimental purpose but if the formation do occur i will be taking this and your comment is highly welcome.Good luck.Attachment
I like those, a good setup.

In 30 mins is USD newstime so lets see what happens.
Thoughts are things
  • #2,431
  • Oct 25, 2012 7:54am Oct 25, 2012 7:54am
This is another good one let see how it plays out. Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud 4hour 25 10 2012.gif Size: 21 KB
  • #2,432
  • Oct 25, 2012 10:27am Oct 25, 2012 10:27am
hey guys looking is it me or does market seem to be ranging alot? Not alot of breakouts or trends present atm :S.

Sorry havent followed up on my trades had mid terms at uni hectic time!

So eur/aud SL hit ended with + 40 pips

Around the time i traded eur/aud had also sold gold oct 18 that still trending going well + 300 so far stalling at 1700 as it met some resistance.

Looking previously in feb 2012 gold fell from 1785 all the way to 1550. Gold at BE and will ride trend till it either hits 1550 my TP or BE .

Also took gpb/jpy on the TL + Fib + resistance break out on the 4Hr chart. TL drawn on daily. Closed for 220

Happy Trading
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold.gif Size: 43 KB
Click to Enlarge Name: gpbjpy 4hr.gif Size: 25 KB
Click to Enlarge Name: gpbjpy daily.gif Size: 27 KB
  • #2,433
  • Oct 27, 2012 8:50am Oct 27, 2012 8:50am
I went over my pairs and picked out a few potential setups for next week.
Put it all in a PDF file.


Enjoy the weekend.
Attached File(s)
File Type: pdf W44.pdf   2.1 MB | 807 downloads
Thoughts are things
  • #2,434
  • Oct 29, 2012 1:46am Oct 29, 2012 1:46am
Hi all this is a long time setup but the only setup am comfortable with at the moment those yellow mark are the reason of looking at the setup (short). comment please. Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy daily 29 10 2012.gif Size: 25 KB
  • #2,435
  • Oct 29, 2012 4:53am Oct 29, 2012 4:53am
Hi guys,

Back at home and getting a look a the charts for the first time in 5 days.

To all you guys who are over in the states and may be in the path of Hurricane Sandy, I wish you all the best. Lets hope the damage is not too devastating.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,436
  • Oct 29, 2012 5:14am Oct 29, 2012 5:14am
I just took this trade based on H4 chart:

Entry Short: 127.97, SL 128.34, TP: 127.20

Analysis:
Daily Chart: uptrend but a huge 2 bar reversal is seen and price broke Support and closed below it.
H4 Chart: Price is very bearish the past candles and broke Support at 128.20, then forms a couple of Inside Bars, signalling consolidation (pause before next move).

My bias is Bearish and so, placed a Pending order to sell at 127.97, low of mother bar.
Attached Image (click to enlarge)
Click to Enlarge Name: 20121029.GBPJPY.H4.Inside Bar.jpg Size: 100 KB
  • #2,437
  • Oct 29, 2012 6:48am Oct 29, 2012 6:48am
Quoting fuzzy
I just took this trade based on H4 chart:

Entry Short: 127.97, SL 128.34, TP: 127.20

Analysis:
Daily Chart: uptrend but a huge 2 bar reversal is seen and price broke Support and closed below it.
H4 Chart: Price is very bearish the past candles and broke Support at 128.20, then forms a couple of Inside Bars, signalling consolidation (pause before next move).

My bias is Bearish and so, placed a Pending order to sell at 127.97, low of mother bar.
Hi Fuzzy,

I put a few areas on the GJ Daily chart. Apologies am quite tired after a quite a long few days away after completing the chart I seen that you actually had the 4 hourly chart up.

There was definately a break of the market pause area. Now to see if the base of that consolodation area can hold at the 128.00 area and we see a push below the trend line.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ 29-10 Daily.jpg Size: 103 KB
Click to Enlarge Name: GJ 4 hourly 29-10.jpg Size: 91 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,438
  • Oct 29, 2012 6:55am Oct 29, 2012 6:55am
Quoting Tiwa
Hi all this is a long time setup but the only setup am comfortable with at the moment those yellow mark are the reason of looking at the setup (short). comment please. Good luck
Attachment
Hi Tiwa,

I dont often look at the weekly chart, perhaps I should.

Certainly ticks a few boxes.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,439
  • Oct 29, 2012 7:01am Oct 29, 2012 7:01am
We see this pattern over and over on the charts.
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily 29-10.jpg Size: 90 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,440
  • Oct 29, 2012 7:41am Oct 29, 2012 7:41am
USD/CAD is at parity. Daily 200sma also there.

If it breaks and closes above I'd be looking for a long entry.
Attached Image (click to enlarge)
Click to Enlarge Name: uc.png Size: 34 KB
Thoughts are things
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