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Price Action and Trading Discussion

  • #2,441
  • Oct 29, 2012 3:32pm Oct 29, 2012 3:32pm
GBP/AUD. long bias:

http://www.forexfactory.com/attachme...0&d=1351518549
" It may mean something. It may mean nothing at all "
  • #2,442
  • Oct 30, 2012 3:18am Oct 30, 2012 3:18am
Hi all is anyone watching this for possible short. Good luck.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 4 hour 30 10 2012.gif Size: 24 KB
  • #2,443
  • Oct 30, 2012 4:26am Oct 30, 2012 4:26am
Quoting Tiwa
Hi all is anyone watching this for possible short. Good luck.

Attachment
Hi Tiwa,

Yep I am keeping an eye on the same area. See how it plays out, see if it can make a break below the 127 area
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,444
  • Oct 30, 2012 4:40am Oct 30, 2012 4:40am
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.
Jeesh. Price hit my SL, then went down and hit my TP, because of BOJ additional Stimulus announcement.

Oh well, that's what happens. To the next setup....
Attached Image
  • #2,445
  • Oct 30, 2012 4:52am Oct 30, 2012 4:52am
Quoting fuzzy
Jeesh. Price hit my SL, then went down and hit my TP, because of BOJ additional Stimulus announcement.

Oh well, that's what happens. To the next setup....
Ya those economic news releases can cause some headaches at times, frustrating when it spikes you out and goes back in your favour.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,446
  • Oct 30, 2012 9:21am Oct 30, 2012 9:21am
Quoting Tiwa
Hi all is anyone watching this for possible short. Good luck.

Attachment
Technically it looks tasty, but fundamentaly I see GBP much stronger then Yen. So I wouldnt take this one.

Nothing really tradeable at the moment. Got busted on U/J, still holding on to the E/A short.
I was eyeing U/C short from parity but I cant see no real movement at the moment. I'll sit out for now.
Thoughts are things
  • #2,447
  • Oct 30, 2012 3:03pm Oct 30, 2012 3:03pm
Quoting Quezoy
Technically it looks tasty, but fundamentaly I see GBP much stronger then Yen. So I wouldnt take this one.

Nothing really tradeable at the moment. Got busted on U/J, still holding on to the E/A short.
I was eyeing U/C short from parity but I cant see no real movement at the moment. I'll sit out for now.
Hi Quezoy,

I agree. There is nothing that is really catching my eye yet but have a few that I am simply watching and waiting for something to happen.

Later today I will try and get some images up of some of the pairs im looking at.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,448
  • Oct 31, 2012 1:22am Oct 31, 2012 1:22am
Quoting Skynet
GBP/AUD. long bias:

http://www.forexfactory.com/attachme...0&d=1351518549

UPDATE:

nothing much to add
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-10-30_18-19_OANDA.jpg Size: 78 KB
" It may mean something. It may mean nothing at all "
  • #2,449
  • Oct 31, 2012 8:13am Oct 31, 2012 8:13am
Thou is in big range of DAILY CHART but on 4 hours i think if the present candle close as it is(hammer or red) it may move down to the bottom of the daily range just my own thought and 50% fib level. Your comment is welcome and Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 4 hour 31 10 2012.gif Size: 25 KB
  • #2,450
  • Oct 31, 2012 8:22am Oct 31, 2012 8:22am
Quoting Skynet
UPDATE:

nothing much to add
B/E point demolished...the only thing remaining is the TP...if reached...that will be 1:7 risk/reward.

good pips to everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-10-31_09-16_OANDA.jpg Size: 68 KB
" It may mean something. It may mean nothing at all "
  • #2,451
  • Edited 1:01pm Oct 31, 2012 9:29am | Edited 1:01pm
This is another one what keeping eyes on. Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad 4 hour 31 10 2012.gif Size: 19 KB


Here it is on daily chart, it look more promising if close as a rejection on daily let see how it will go.
[ATTACH]
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad daily 31 10 2012.gif Size: 23 KB
  • #2,452
  • Oct 31, 2012 3:30pm Oct 31, 2012 3:30pm
Post 2449 in progress but my eurjpy weekly i took monday still running and in negative still hoping for better. The EURCAD daily is looking good for short at the closing of the present candle.Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 31 10 2012 update.gif Size: 25 KB
  • #2,453
  • Nov 1, 2012 2:52am Nov 1, 2012 2:52am
[IMG]http://img821.imageshack.us/img821/2145/eg111.jpg Uploaded with ImageShack.us[/IMG]
  • #2,454
  • Nov 1, 2012 3:23am Nov 1, 2012 3:23am
Quoting Skynet
GBP/AUD. long bias:
http://www.forexfactory.com/attachme...0&d=1351518549
Quoting Skynet
UPDATE:
[IMG]http://www.forexfactory.com/
Quoting Skynet
GBP/AUD.%20long%20bias:%20%20
[/IMG]http://www.forexfactory.com/attachme...4&d=1351664563
nothing much to add

UPDATE...PRICE HAS GONE UP NICELY...currently 5 X risk. or 5R....

2ND UPDATE: CHART:
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-11-01_04-16_OANDA.jpg Size: 94 KB
" It may mean something. It may mean nothing at all "
  • #2,455
  • Nov 1, 2012 5:01am Nov 1, 2012 5:01am
Very neat, bro. Low risk, and (potentially) big payout.

I was eyeing the E/G at 50 fib ret, but my pending sell below it got missed by a few pips.

What kind of monitor do you guys use? I have an old 19 incher, but want to get something new. Should be a widescreen, 16:9 or smth?
Attached Image (click to enlarge)
Click to Enlarge Name: eg.png Size: 33 KB
Thoughts are things
  • #2,456
  • Nov 1, 2012 5:49am Nov 1, 2012 5:49am
Attached Image (click to enlarge)
Click to Enlarge Name: eg 1-11.gif Size: 121 KB

I draw fibo from the last momentum,limit between 76.4 n 61.8, i hope it can be headnshoulders pattern!!
i am use 27 inches monitor,
  • #2,457
  • Nov 1, 2012 6:38am Nov 1, 2012 6:38am
Quoting Quezoy
Very neat, bro. Low risk, and (potentially) big payout.

I was eyeing the E/G at 50 fib ret, but my pending sell below it got missed by a few pips.

What kind of monitor do you guys use? I have an old 19 incher, but want to get something new. Should be a widescreen, 16:9 or smth?
Hi Quezoy,

I use 2 x 24 inch monitors as my set up.

These days monitors are so damm cheap though. The 27inch ones are quite nice and very affordable. I would like to upgrade to 2 of them that is for sure.

Maybe 2 of them and keep my two 24's mounted on a 4 way bracket
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,458
  • Nov 1, 2012 6:39am Nov 1, 2012 6:39am
Quoting Skynet
B/E point demolished...the only thing remaining is the TP...if reached...that will be 1:7 risk/reward.

good pips to everyone.
Looking good so far Skynet
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,459
  • Nov 1, 2012 6:50am Nov 1, 2012 6:50am
Quoting Quezoy
Very neat, bro. Low risk, and (potentially) big payout.

I was eyeing the E/G at 50 fib ret, but my pending sell below it got missed by a few pips.

What kind of monitor do you guys use? I have an old 19 incher, but want to get something new. Should be a widescreen, 16:9 or smth?
Been keeping an eye on EG Daily.

Been looking for it to break short outside of the channel and below the RN area. We may see some PA away from the RN long I guess all we can do is wait and see.

This pattern is generally a continuation.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 81 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,460
  • Nov 1, 2012 1:37pm Nov 1, 2012 1:37pm
Quoting DarkWolF
Hi Quezoy,

I use 2 x 24 inch monitors as my set up.

These days monitors are so damm cheap though. The 27inch ones are quite nice and very affordable. I would like to upgrade to 2 of them that is for sure.

Maybe 2 of them and keep my two 24's mounted on a 4 way bracket
2x24 sounds very good to my ears. I have a 15inch laptop and a 19inch monitor for charts. I plan to buy an used stationary computer and a 22-24 inch widescreen monitor. This would be more then enough.

Well, Im going live around the 20-eth this month and maybe I'll treat myself with a new combo.

btw. what were u doing on the Moto GP?
Thoughts are things
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