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Price Action and Trading Discussion

  • #2,581
  • Nov 8, 2012 3:23pm Nov 8, 2012 3:23pm
Quoting Skynet
Gbp/zar....aud/hkd....nzd/chf...chf/jpy...sgd/chf....eur/usd...cad/sgd...
update...breakout happened...unfortunately, no bpc for me on h4. oh well.

before:
http://www.forexfactory.com/attachme...5&d=1352073899

after:
http://my.jetscreenshot.com/11286/20...-ufj8-70kb.jpg
Quoting Skynet
Gbp/zar....aud/hkd....nzd/chf...chf/jpy...sgd/chf....eur/usd...cad/sgd...
as expected...NZD/CHF is experiencing a pullback....hopefully, the pullback will results in pips on the long side....
before
http://www.forexfactory.com/attachme...9&d=1352073705

after
http://my.jetscreenshot.com/11286/20...-bl9h-80kb.jpg
" It may mean something. It may mean nothing at all "
  • #2,582
  • Nov 8, 2012 3:24pm Nov 8, 2012 3:24pm
Quoting Skynet
Gbp/zar....aud/hkd....nzd/chf...chf/jpy...sgd/chf....eur/usd...cad/sgd...
same here....sgd/chf is experiencing a pullback...as expected...hopefully, pips will be made.
before
http://www.forexfactory.com/attachme...8&d=1352073705
after
http://my.jetscreenshot.com/11286/20...-iu8a-71kb.jpg
" It may mean something. It may mean nothing at all "
  • #2,583
  • Nov 9, 2012 6:46am Nov 9, 2012 6:46am
Quoting Tiwa
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.Attachment
Just to update you on EURJPY weekly finally in my favour
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy weekly update 9 11 2012.gif Size: 26 KB
  • #2,584
  • Nov 9, 2012 7:13am Nov 9, 2012 7:13am
Quoting Tiwa
Just to update you on EURJPY weekly finally in my favour
cong. tiwa. nice trade brother.
  • #2,585
  • Nov 9, 2012 2:02pm Nov 9, 2012 2:02pm
Quoting dboy365
me too. My Sell limit entry order wasn't hit.

yeah, that sucks when it happens. It happened to me again in the EURUSD.

my second senario...retest of 1.28080 from the below for short entry was also missed...price then dropped by +90 pips...which sucks. oh well.

(P.S : it is one thing to be able to anticipate price action and direction...it is another to get the opportunity to profit from that prognostication. especially, if your focus is on precision entry for maximum r/r. I missed 4 trades this week...4...I hit only 2(sgd/chf and hkd/jpy) and I HAD ONE 1 b/e(eurcad short) The only consolation is that the hkd/jpy short resulted in 1:5 r/r. At least, it wasnt four losses.

anyways, here is the EURUSD...before and after....
before:
http://www.forexfactory.com/attachme...0&d=1352075400

AFTER:
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-11-09_14-59_OANDA.jpg Size: 73 KB
" It may mean something. It may mean nothing at all "
  • #2,586
  • Nov 11, 2012 5:03pm Nov 11, 2012 5:03pm
Hello everyone!

First post on this thread. I like this approach.. price action as the main "indicator".

In EUR/USD I´m looking for a pullback to at least 1.2820 to sell (this pair has had a quite a good sell-offs recently and might need a small corrective pullback at least). Either that or I think price will gain momentum downward and I´m gonna lose my entry In regards to fundamentals..they also seem to be "willing" to push the pair lower.
This is my newbie analysis regarding this pair. what do you think?

Hope you all had a good weekend!
  • #2,587
  • Nov 12, 2012 2:56am Nov 12, 2012 2:56am
Quoting diver78
Hello everyone!

First post on this thread. I like this approach.. price action as the main "indicator".

In EUR/USD I´m looking for a pullback to at least 1.2820 to sell (this pair has had a quite a good sell-offs recently and might need a small corrective pullback at least). Either that or I think price will gain momentum downward and I´m gonna lose my entry In regards to fundamentals..they also seem to be "willing" to push the pair lower.
This is my newbie analysis regarding this pair. what do you think?

Hope you all had a...
Hi Diver,

Welcome to the thread.

It is indeed very possible that EU may make it back up to that level at some point and it is a very logical resistance area.

As with all things trading one will never truly know how price is going to react each day but it is looking slightly more bearish than bullish in my opinion.

If we can see another push down we may very well see the 1.27000 hold as resistance.

I look forward to maybe seeing some of your charts and analysis soon.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,588
  • Nov 12, 2012 3:03am Nov 12, 2012 3:03am
Well guys, the start of another trading week, anyone got their eyes on anything ?

Some of the GBP pairs may be showing some potential for short movment. GBPAUD could be continuing its move down.

GBPNZD still stuck in sideways action but keep an eye on it if it can break out.

GBPCHF didnt make the break long we were looking at last week, still sitting still in consolidation. On the 4 hourly chart its almost a reverse scenario with it having the potential to be breaking short out of a rising wedge.

Well let the games begin and see what the market will bring us this week
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,589
  • Nov 12, 2012 4:39am Nov 12, 2012 4:39am
Needed a sec to find the new reply button

I've decided to long A/U.
IMO the risk off sentiment that drove the $ last week is cooling off and the fiscal cliff dilema will come to the foreground. With the good China data over the weekend and Gold establishing a support level AUD seems like a good choise against the $.
ForexLive also reports Russian central bank buying the A/U I see now...

Technically we're still going up and the 1H triangle broke to the upside.

I've split my position and only the upper half got triggered.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 85 KB
Thoughts are things
  • #2,590
  • Nov 12, 2012 4:47am Nov 12, 2012 4:47am
good work.

i am in the same trade too...entered at 1.04082...my sl was 7pips. TP = 1.04670. risk/reward = 1:8

the mechanics of this kind of trade i discussed here.

Quoting Quezoy
Needed a sec to find the new reply button

I've decided to long A/U.
IMO the risk off sentiment that drove the $ last week is cooling off and the fiscal cliff dilema will come to the foreground. With the good China data over the weekend and Gold establishing a support level AUD seems like a good choise against the $.
ForexLive also reports Russian central bank buying the A/U I see now...

Technically we're still going up and the 1H triangle broke to the upside.

I've split my position and only the upper half got triggered.
" It may mean something. It may mean nothing at all "
  • #2,591
  • Nov 12, 2012 5:06am Nov 12, 2012 5:06am
Quoting Quezoy
Needed a sec to find the new reply button

I've decided to long A/U.
IMO the risk off sentiment that drove the $ last week is cooling off and the fiscal cliff dilema will come to the foreground. With the good China data over the weekend and Gold establishing a support level AUD seems like a good choise against the $.
ForexLive also reports Russian central bank buying the A/U I see now...

Technically we're still going up and the 1H triangle broke to the upside.

I've split my position and only the upper half got triggered.
A nice trade for you Quezoy, but for now, personally I will not be looking for any longs just yet on that pair.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,592
  • Nov 12, 2012 5:12am Nov 12, 2012 5:12am
Quoting DarkWolF
A nice trade for you Quezoy, but for now, personally I will not be looking for any longs just yet on that pair.
why not?

AUD fundie is kicking arse. just take a look at last week slew of data: in retails sales, AUD did well...same for trade balance, heck, they raised the cash rate...unemployment rate dropped, that is another good news...the unemployment rate also did well. what is not to like? USD also had a nice econ data which indirectly favours the AUD...why? because when USD does well...it creates a risk on situation that favours the comm dollars(AUD, CAD, NZD,)....even more so, if those comm dolls are doing well.

the fundamental case: LONG AUD.
" It may mean something. It may mean nothing at all "
  • #2,593
  • Nov 12, 2012 5:18am Nov 12, 2012 5:18am
Skynet, do you know of any site, which makes fundie analysis for each currency seperately? Except for Pipnoculars.
All the various fundie sites analize pairs but I would like currency specific wrap ups.
Thoughts are things
  • #2,594
  • Nov 12, 2012 5:42am Nov 12, 2012 5:42am
Quoting Quezoy
Skynet, do you know of any site, which makes fundie analysis for each currency seperately? Except for Pipnoculars.
All the various fundie sites analize pairs but I would like currency specific wrap ups.
unfortunately, i dont have that info. It is something that always interest me. i just use the raw data and aggregate econ news

thanks for pipnoculars.
" It may mean something. It may mean nothing at all "
  • #2,595
  • Nov 12, 2012 2:14pm Nov 12, 2012 2:14pm
Quoting Skynet
why not?

AUD fundie is kicking arse. just take a look at last week slew of data: in retails sales, AUD did well...same for trade balance, heck, they raised the cash rate...unemployment rate dropped, that is another good news...the unemployment rate also did well. what is not to like? USD also had a nice econ data which indirectly favours the AUD...why? because when USD does well...it creates a risk on situation that favours the comm dollars(AUD, CAD, NZD,)....even more...
On the time frames I watch there is simply no reason for it as yet.

I do not pay too much attention to fundamentals either.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,596
  • Nov 12, 2012 4:38pm Nov 12, 2012 4:38pm
Hello

This is my near-term objective on EU...
Price seems due for a pullback. Not too sure it will pullback to my entry level though...
I may consider an entry at 1.2755.
As for target I´m initially looking at 1.2590.

Good trading week!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 20 KB
  • #2,597
  • Nov 12, 2012 4:51pm Nov 12, 2012 4:51pm
HI
I AM A TRADER for the last 10 years - FOREX.
I HAVE USED SO MANY STRATEGIES AND I HAVE FOUND THAT in my personal opinion, using many pairs in trades is better than one pair.
you can make hedging between 2 or more pairs and at the same time you can use grid system...
nevertheless, i am using now 14 pairs, at which for each lot 0.01, tp 100 points = 10 pips, sl Not assigned, and i am using a simple Yang indi found in mt4 lib. but i have modified it to suite my style of trading.
so, when e/$ goes up, chf/$ goes down ...simple corrleation ..... so the EA WILL OPEN TRADE WHEN THE SIGNAL IS CORRECT AS FOLLOWS :
$/CHF
SELL 0.01 LOT
SELLSTOP 50 POINTS UNDER
SELLLIMIT 450 POINTS ABOVE
E/$
BUY0.01 LOT
BUYSTOP 50 POINTS ABOVE
BUYLIMIT 450 POINTS UNDER
THEN I WAIT. i play games, i sleep, i go to my car washing it i do any thing and i keep the system out of my eyes.... why ? because if i set on front of the screen, i will begin making as anyone of you out their...more deals more deals ------------greedy then ,,,,,,,,,,,,,,,,,lose all, so simply i make these 3 deals by the ea and i go eating playing teaching my kids ......any thins..... the system will find his own way to touch the points i have assigned and it will make some minor profit....

TIME FRAME IS 1 HOUR BECAUSE THE OTHER SMALLER TIME FRAMES WILL NOT HELP YOU TO GET CLEAR SIGNALS - THEY ARE SIMPLY NOISY.

AND THE SAME WILL HAPPEN TO ALL OTHER PAIRS IN MY BASKET...

WHAT WILL HAPPEN... !!

SIMPLY

IF THE PAIR GOES AS PER SIGNAL, HAPPY HAPPY X 2 DEALS THEN 20 PIPS PROFIT, IF NOT THEN ONE WILL BE FLOATING AND OTHER TWO WILL BE WAITING UNTIL EITHER EXPIRATION IS TRIGGERED OR ONE IS TOUCHED...
I HAVE FOUND IN MOST CASES, THE LIMIT DEAL WILL BE TOUCHED AFTER FEW HOURS, THEN BOTH TRADES WILL BE PROFITS ..................

AHHHHHHHHHHHHH I FORGOT TO TELL YOU THAT YOU NEED TO ADD THE MARTINAGE STRATEGY..... WELL, DO NOT WORRY ALSO IT IS FOUND ON MT4 MAIN CUSTOMS PANEL FREE FOR ALL UNDER i-Exposure.... just add few pips on buy avg or less few pips on sell avg as shown by this great indi...........................and wala

you are getting profits more than 90% ....................

this is my system for the last few years and i am making daily good money, not to much but really good to put food on my family table....

one pair is not enough to get good money ,.... this is my believe...

thank you

samer
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #2,598
  • Nov 12, 2012 6:05pm Nov 12, 2012 6:05pm
Quoting diver78
Hello

This is my near-term objective on EU...
Price seems due for a pullback. Not too sure it will pullback to my entry level though...
I may consider an entry at 1.2755.
As for target I´m initially looking at 1.2590.

Good trading week!
I am thinking we may still see 1.2650 however you are right, i am waiting on price action for a bullish move as well. At the moment price is moving really slow so there is a bit of indecision on this market, however i imagine that will not last too much longer. We may even see higher than 1.2850, it depends on the conviction of price action.. This area is a common bounce area in a weekly chart up move so i guess we all just wait and see hey..

This is what i am seeing on weekly as a possible move depending on price action of course in these areas - http://www.forexreviews.info/weekly-...ber-12th-2012/

Regards,
  • #2,599
  • Nov 12, 2012 6:38pm Nov 12, 2012 6:38pm
Quoting tinny79
I am thinking we may still see 1.2650 however you are right, i am waiting on price action for a bullish move as well. At the moment price is moving really slow so there is a bit of indecision on this market, however i imagine that will not last too much longer. We may even see higher than 1.2850, it depends on the conviction of price action.. This area is a common bounce area in a weekly chart up move so i guess we all just wait and see hey..

This is what i am seeing on weekly as a possible move depending on price action of course in these areas...
Yes...that 1.2650 sure looks important. Goes way back.. I think I´m going to rethink my strategy. I´ll hold my guns until I see how price deals with this level before making any kind of entry...
  • #2,600
  • Nov 13, 2012 4:21am Nov 13, 2012 4:21am
Quoting Samer1970
HI
I AM A TRADER for the last 10 years - FOREX.
I HAVE USED SO MANY STRATEGIES AND I HAVE FOUND THAT in my personal opinion, using many pairs in trades is better than one pair.
you can make hedging between 2 or more pairs and at the same time you can use grid system...
nevertheless, i am using now 14 pairs, at which for each lot 0.01, tp 100 points = 10 pips, sl Not assigned, and i am using a simple Yang indi found in mt4 lib. but i have modified it to suite my style of trading.
so, when e/$ goes up, chf/$ goes down ...simple corrleation ........
Hi Samer,

No offence mate, but I think your in the wrong thread to be advertising an EA.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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