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Price Action and Trading Discussion

  • #2,501
  • Nov 5, 2012 1:36pm Nov 5, 2012 1:36pm
EUR/USD seems to be pull back to 1.2880. what is your opinion brothers?
  • #2,502
  • Nov 5, 2012 2:13pm Nov 5, 2012 2:13pm
Quoting P.Action
EUR/USD seems to be pull back to 1.2880. what is your opinion brothers?
Hi P.Action,

1.2800 is quite close to the current price, but so far is holding price as resistance. Most likely to hang around this area until the London session starts today.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,503
  • Nov 5, 2012 2:21pm Nov 5, 2012 2:21pm
Quoting DarkWolF
Hi P.Action,

1.2800 is quite close to the current price, but so far is holding price as resistance. Most likely to hang around this area until the London session starts today.

sorry darkwolf.
i forgot to say long term condition. because 1.2880 is 200EMA level
thanks for your answer
  • #2,504
  • Nov 5, 2012 2:26pm Nov 5, 2012 2:26pm
Quoting P.Action
sorry darkwolf.
i forgot to say long term condition. because 1.2880 is 200EMA level
thanks for your answer
Oh, now that I read it better I see that you wrote 1.2880 not 1.2800, my apologies I had just woken up think still half asleep

If it does pull back up that area is a logical resistance area.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,505
  • Nov 6, 2012 2:48am Nov 6, 2012 2:48am
Hi Guys,

Just getting my first look at the chance since this open of the day, anyone got their eyes on anything today ?
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,506
  • Nov 6, 2012 2:55am Nov 6, 2012 2:55am
Here is the one am looking at for now, looking to go long if the support hold. Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 4hour 6 11 2012.gif Size: 24 KB
  • #2,507
  • Nov 6, 2012 2:58am Nov 6, 2012 2:58am
Quoting Tiwa
Here is the one am looking at for now, looking to go long if the support hold. Good luck.
Attachment
Yep some potential there, just be aware that the move during the day would have been due to the RBA keep interest rates on hold here in Australia today.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,508
  • Nov 6, 2012 2:59am Nov 6, 2012 2:59am
Hi DW

Things look slow until the election before during after.

Although I'm looking at the EU for the long 9GMT it looks like a stop run, I see how the bar closes in a few minutes.
  • #2,509
  • Nov 6, 2012 3:00am Nov 6, 2012 3:00am
I took a short on GBPAUD today which turned out OK for me I will get some images up soonish I just gotta go do a few things before the daylight runs out will be back in about half our or so.
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  • #2,510
  • Nov 6, 2012 3:03am Nov 6, 2012 3:03am
Quoting Vitaluna
Hi DW

Things look slow until the election before during after.

Although I'm looking at the EU for the long 9GMT it looks like a stop run, I see how the bar closes in a few minutes.
Hi Vitaluna,

An intersting time for the guys over in the states no doubt.

I am still leaning towards the bearish side on EU at the moment unless we can see a nice close above the 1.2800 area.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,511
  • Nov 6, 2012 3:07am Nov 6, 2012 3:07am
Quoting DarkWolF
Hi Vitaluna,

An intersting time for the guys over in the states no doubt.

I am still leaning towards the bearish side on EU at the moment unless we can see a nice close above the 1.2800 area.
Hi there, I'm still dubious about shorting it as I see USDX still pushing higher but not closing over the recent highs.

Agh analysis paralysis!

EDIT: also EU H4 close above the low in the hour would give me confidence not to short .... just thinking out
  • #2,512
  • Nov 6, 2012 3:42am Nov 6, 2012 3:42am
Still short EU. Not much movement but still slow crawl southward.

U/J played out nice, my pending order above 0.80 got triggered and BRN held. Confluence with 50 fib also.
Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 27 KB
Thoughts are things
  • #2,513
  • Nov 6, 2012 4:21am Nov 6, 2012 4:21am
Quoting Vitaluna
Hi there, I'm still dubious about shorting it as I see USDX still pushing higher but not closing over the recent highs.

Agh analysis paralysis!

EDIT: also EU H4 close above the low in the hour would give me confidence not to short .... just thinking out
Its always good to think out loud, after all that is exactly what a forum is for
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,514
  • Nov 6, 2012 4:23am Nov 6, 2012 4:23am
Here is the short that I took today on this pair. I think with the RBA keeping interest rates on hold helped me a little with this one, if they had dropped rates it would have most definately gone the other way I would imagine.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Daily 06-11.jpg Size: 90 KB
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  • #2,515
  • Nov 6, 2012 4:29am Nov 6, 2012 4:29am
Quoting DarkWolF
Resistance area.
I put a pending order in on NZDJPY Daily which got triggered and so far is in drawdown for me.

Potentially a little bit of an aggressive entry rather than waiting to see if price could break the lower trend line and confirm the pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY Daily 05-11 Pending.jpg Size: 80 KB
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  • #2,516
  • Nov 6, 2012 4:38am Nov 6, 2012 4:38am
Took this on the hourly chart. Still playing out, have SL and TP levels ready to go.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Hourly.jpg Size: 65 KB
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  • #2,517
  • Nov 6, 2012 4:41am Nov 6, 2012 4:41am
Quoting Quezoy
Still short EU. Not much movement but still slow crawl southward.

U/J played out nice, my pending order above 0.80 got triggered and BRN held. Confluence with 50 fib also.
UJ looking ok so far Quezoy
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,518
  • Nov 6, 2012 4:55am Nov 6, 2012 4:55am
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
Just a quick reminder of this trade i took last week it was so slow and againt me last week but i am comfortable with it, so i left it trading other pairs but this week it seems to be coming back in my way i hope it continue.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 6 11 2012.gif Size: 25 KB
  • #2,519
  • Nov 6, 2012 5:27am Nov 6, 2012 5:27am
#AUDUSD Daily

http://i.imgur.com/ppCVE.gif
  • #2,520
  • Nov 6, 2012 5:41am Nov 6, 2012 5:41am
Quoting kwonkicker
#AUDUSD Daily
Hi Kwonkicker,

Yep there certainly is some key areas on this one to be watching for.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD Daily.jpg Size: 95 KB
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