Price Action and Trading Discussion | Page 132 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price action at the core = family members' discussion project 2,214 replies

Price Action discussion 26 replies

Volume Price Level Trading Discussion Area 1 reply

Trading and Exchanges Discussion Thread 17 replies

Maxsmarts Trading Journal and Discussion 164 replies

Attachments: Price Action and Trading Discussion
Exit Attachments

Price Action and Trading Discussion

  • #2,621
  • Nov 13, 2012 3:16pm Nov 13, 2012 3:16pm
Very similar pattern on the GBPUSD chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 148 KB
  • #2,622
  • Nov 13, 2012 6:21pm Nov 13, 2012 6:21pm
No orders are filled yet, some bullish movement so far this session.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj1.jpg Size: 132 KB
Click to Enlarge Name: gu1.jpg Size: 125 KB
  • #2,623
  • Nov 13, 2012 8:56pm Nov 13, 2012 8:56pm
Maybe EURUSD has found a potential bottom for now.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 121 KB
  • #2,624
  • Nov 14, 2012 12:40am Nov 14, 2012 12:40am
Removed my sellstop orders and just entered at market on GBPJPY, should be some sellers in this area.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 136 KB
  • #2,625
  • Nov 14, 2012 1:57am Nov 14, 2012 1:57am
Looks like a potential selling area on the EURJPY chart
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 120 KB
  • #2,626
  • Nov 14, 2012 2:04am Nov 14, 2012 2:04am
thanks for the response. i appreciate you taking the time.

yeah, i know the trade off. the need for higher and higher r/r means more b/e...more missed trades...and more losses. i think i have the loss aspect taking care off by structuring the noise on lower time frame...the b/e...more or less...the missed trades are what i am still dealing with.

maybe i am delusional, but i believe that eventually, i will be able to perfect my precision entry technique without missing as much trade as i do now. i am happy with my entry method....i just need to perfect it. i already created an account with high leverage designed to maximize the solid r/r from my entry method to shorten the time it takes me to become rich. instead of the standard 1% that i use, on this specific account, and only on this specific account, i commit 5%.

one person that impresses me with frequency of trades and precision of entry is WMD. the man is one with the force. yes, i have tracked his trades. so, i believe that i can do it too in my own way.

thanks for the options, darkwolf. i appreciate it.

P.S. my CAD/SGD is doing fine. SL was a mere -9pips.



Quoting DarkWolF
HA HA.....

Well it appears to me from your charts that you trade using limit orders is that correct ?

It would seem that you like to do this to make your R:R a little tighter. But unfortunately by using limit orders you are at times going to get this happen where the levels are not quite reached to activate your trade. A bit like when I have TP orders in the market, but I will sometimes close them out manually slightly before if I am at the charts.

Support and resistance is an "area" not an exact line. Sure at times it will hit the line...
" It may mean something. It may mean nothing at all "
  • #2,627
  • Nov 14, 2012 2:07am Nov 14, 2012 2:07am
Quoting Skynet
Gbp/zar....aud/hkd....nzd/chf...chf/jpy...sgd/chf....eur/usd...cad/sgd...
trade triggered.... SL = -9pips...TP = +90pips...r/r 1:10....B/E levels....the first H4 s/r levels...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-11-13_15-45_OANDA.jpg Size: 76 KB
Click to Enlarge Name: 2012-11-13_15-46_OANDA.jpg Size: 76 KB
" It may mean something. It may mean nothing at all "
  • #2,628
  • Nov 14, 2012 2:08am Nov 14, 2012 2:08am
Quoting Skynet
trade triggered.... SL = -9pips...TP = +90pips...r/r 1:10....B/E levels....the first H4 s/r levels...

UPDATE:

doing fine...price up nicely...almost at B/E point....
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-11-14_02-50_OANDA.jpg Size: 61 KB
" It may mean something. It may mean nothing at all "
  • #2,629
  • Nov 14, 2012 10:18am Nov 14, 2012 10:18am
Quoting Skynet
UPDATE:

doing fine...price up nicely...almost at B/E point....

b/e triggered. moving on.
" It may mean something. It may mean nothing at all "
  • #2,630
  • Edited 4:29pm Nov 14, 2012 3:54pm | Edited 4:29pm
Quoting diver78
Decided to enter a small USD/JPY long... target 80.400 (seems like a...comlicated level... at least from there on)
Closed my USD/JPY long with +87 pips.. price action looks good but that 80.00 level scared me off. Many people talking about it as sell point
  • #2,631
  • Nov 14, 2012 4:22pm Nov 14, 2012 4:22pm
Quoting diver78
Closed my USD/JPY long with +87 pips.. price action looks good but that 80.00 level scared me off. Many people taking about it as sell point
A certain amount of people will take profit there. Other will sell.
So a good decision IMO.
Thoughts are things
  • #2,632
  • Nov 14, 2012 5:50pm Nov 14, 2012 5:50pm
My GBPUSD sell stop was triggered, I've got a EURUSD sell stop active under the lows of those 4H candles, significant reversal bar formed last bar, seems like sellers are still lingering around, my EURJPY sell didn't work out too well, I've put a sell stop on EURJPY under lows of indecision bars, maybe this time price will do as anticipated.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 104 KB
Click to Enlarge Name: eu.jpg Size: 115 KB
Click to Enlarge Name: gu1.jpg Size: 131 KB
  • #2,633
  • Nov 15, 2012 9:29am Nov 15, 2012 9:29am
Thinking about selling this correction if price rejects 1.2823, the 200EMA and the upper trendline
EUR/USD, Daily chart
Attached Image
  • #2,634
  • Nov 15, 2012 2:34pm Nov 15, 2012 2:34pm
Hi Guys,

Sorry I have been a bit absent from posting the last few days, have been quite busy. Hopefully will be back around the charts for the London and NY session today.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,635
  • Nov 16, 2012 5:37am Nov 16, 2012 5:37am
Pretty cool data site. Very customazible and with price alerts.

http://www.netdania.com/Products/liv...ullWindow.aspx
Thoughts are things
  • #2,636
  • Nov 16, 2012 6:40am Nov 16, 2012 6:40am
Quoting Skynet
UPDATE:
http://www.forexfactory.com/attachme...6&d=1352880516
doing fine...price up nicely...almost at B/E point....
update:
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-11-16_07-37_OANDA.jpg Size: 60 KB
" It may mean something. It may mean nothing at all "
  • #2,637
  • Nov 19, 2012 4:36am Nov 19, 2012 4:36am
Hi Guys,

I hope you had a great weekend.

Seeing as I was absent from most of last week, let me see if I can recap some of the trades that I had going. First of all will be the NZDJPY Daily.

This one is a great example of what not to do. Instead of taking profit at the area that I was targeting at the 65.00 RN area that was lining up with the rising trend line, I simply put in a BE and was looking for it to continue on its way.

This obviously did not take place and my BE was taken out with no pips locked away.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDJPY Daily 05-11 Pending.jpg Size: 80 KB
Click to Enlarge Name: NZDJPY Daily 08-11.jpg Size: 84 KB
Click to Enlarge Name: NZDJPY.jpg Size: 92 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,638
  • Nov 19, 2012 4:53am Nov 19, 2012 4:53am
EURGBP Daily I took a short as price started to move away from the channel.

This move however was short lived, and my stop was hit soon after.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBP Daily 07-11 pending.jpg Size: 76 KB
Click to Enlarge Name: EURGBP Daily 08-11.jpg Size: 88 KB
Click to Enlarge Name: EURGBP.jpg Size: 77 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,639
  • Nov 19, 2012 4:55am Nov 19, 2012 4:55am
Quoting Skynet
trade triggered.... SL = -9pips...TP = +90pips...r/r 1:10....B/E levels....the first H4 s/r levels...
Nice work on that trade Skynet.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,640
  • Nov 19, 2012 5:01am Nov 19, 2012 5:01am
Quoting Quezoy
Pretty cool data site. Very customazible and with price alerts.

http://www.netdania.com/Products/liv...ullWindow.aspx

I cant get the link to open up Quezoy to check it out.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
3 traders viewing now