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Price Action and Trading Discussion

  • #2,661
  • Nov 23, 2012 11:34pm Nov 23, 2012 11:34pm
Quoting Tiwa
Euraud 4hour long setup
What do you guys think about this setup if the bounce holds is it good for long comment please
Attachment

Quoting machal
Hey I prefer this kind of view but it is similar:
Hi Guys,

Either way with those charts I think.

It is a good example of an area of confluence with the sloping trendline and the horizontal area lining up. Price has not dont too much from this area at the moment simply sitting around that 1.2400 RN area.
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  • #2,662
  • Nov 23, 2012 11:45pm Nov 23, 2012 11:45pm
Quoting Tiwa
GBPAUD 4HOUR
What do you think about this one if the present candle closes as pinbar is it good for short
Attachment

Quoting DarkWolF
Personally, I would like to see stronger close below the previous lows, or if not closing below, waiting for price to break below.

The Daily chart is looking quite bearish.

We did see a nice move away from the 1.5400 area Tiwa with the resistance holding.

Did you end up taking a position ?

Taking it after the bar that rejected or waiting and taking it below the previous low would have turned out ok.

The support area that I marked at held price nicely for now and would have made a nice target area.

A good spot on that one Tiwa

Edit: Jut realised I wrote daily on the chart instead of 4 hourly. It is indeed the 4 hourly chart on the second image.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUD 4 hourly 22-11.jpg Size: 93 KB
Click to Enlarge Name: GBPAUD 4 hourly 23-11.jpg Size: 88 KB
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  • #2,663
  • Nov 29, 2012 2:45am Nov 29, 2012 2:45am
EURJPY Daily:

Good confluence of areas on this one. Will be interesting to see if the support can hold and push prices higher.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Daily 29-11.jpg Size: 85 KB
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  • #2,664
  • Dec 3, 2012 2:03am Dec 3, 2012 2:03am
Hi Guys,

Well the last week didnt see too much action across many of the pairs with price being pretty much choppy and sideways across the board.

Now to see what this week has on offer for us.
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  • #2,665
  • Dec 3, 2012 5:12am Dec 3, 2012 5:12am
Hello Everybody!
I saw this thread and liked it from the first few posts I read. I started placing my trades based on price action some time ago and I made some decent trades with it. Price action makes sense as the chart shows behaviour of market participants and price developement is a result of participants behaviour .
Here is a setup I placed a buy limit. I would like to hear what you think about it?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.JPG Size: 108 KB
  • #2,666
  • Dec 3, 2012 10:48am Dec 3, 2012 10:48am
Quoting DarkWolF
EURJPY Daily:

Good confluence of areas on this one. Will be interesting to see if the support can hold and push prices higher.
Hey DW
You are managing a pretty good thread here. Your style looks similar to mine. I will be posting my charts time to time, if I may. You could come visit my thread, too.

As for EJ, my take is short, but I need a strong sign to enter, such as a big pin bar or an engulfing bar. The reason is fib 76, a round # 107.500, and a strong SR area.

Attached Image (click to enlarge)
Click to Enlarge Name: ej d.jpg Size: 358 KB
  • #2,667
  • Dec 4, 2012 9:37am Dec 4, 2012 9:37am
GBP-JPY H4
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 212 KB
  • #2,668
  • Dec 5, 2012 11:00pm Dec 5, 2012 11:00pm
Quoting Forexgogo
Hey DW
You are managing a pretty good thread here. Your style looks similar to mine. I will be posting my charts time to time, if I may. You could come visit my thread, too.

As for EJ, my take is short, but I need a strong sign to enter, such as a big pin bar or an engulfing bar. The reason is fib 76, a round # 107.500, and a strong SR area.

I'm not shorting EJ or any J pair till after the Dec election. Buying a fundamentally weak yen is too much risk IMO, except you are considering short term. I like to marry fundies with PA.
  • #2,669
  • Dec 5, 2012 11:02pm Dec 5, 2012 11:02pm
Quoting P.Action
GBP-JPY H4
Attachment
Why are you selling the dips and buying the roof? and for a weak yen? thats too much risk bro. IMO though.
  • #2,670
  • Dec 5, 2012 11:09pm Dec 5, 2012 11:09pm
Sorry guys, I have been away for a long time. Marrying trading with my job has been pretty tough.
I quickly went through the past pages and I'm impressed you guys have been killing the market. Nice one my friends Quo,Tiwa,skynet,DW and others.
Looking at trading this range. and as always, your comments are welcome for this low risk, high reward setup.
Attached Image (click to enlarge)
Click to Enlarge Name: gchf.jpg Size: 117 KB
  • #2,671
  • Dec 6, 2012 3:30am Dec 6, 2012 3:30am
Quoting dboy365
Sorry guys, I have been away for a long time. Marrying trading with my job has been pretty tough.
I quickly went through the past pages and I'm impressed you guys have been killing the market. Nice one my friends Quo,Tiwa,skynet,DW and others.
Looking at trading this range. and as always, your comments are welcome for this low risk, high reward setup.
Hi Guys,

I have been a bit absent the last few weeks also as have been quite busy.

Will hopefully fit some time in between now and Xmas but this time of year is usually quite busy for myself between work and other things that occupy your time in the lead up to xmas.

A good clean channel dboy to be keeping an eye on.
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  • #2,672
  • Dec 6, 2012 3:32am Dec 6, 2012 3:32am
USDCAD Daily:

Keepng an eye on this chart, see how it decided to play out.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Daily 06-12.jpg Size: 79 KB
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  • #2,673
  • Dec 6, 2012 3:40am Dec 6, 2012 3:40am
Quoting DarkWolF
EURJPY Daily:

Good confluence of areas on this one. Will be interesting to see if the support can hold and push prices higher.
Price has managed to hold on the upper side so far.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Daily 06-08.jpg Size: 93 KB
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  • #2,674
  • Dec 6, 2012 6:19am Dec 6, 2012 6:19am
AUDNZD 4 Hourly:

If price can make a continuation move and break the lows we could see a nice move to the next support areas.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD 4 hourly 06-12.jpg Size: 89 KB
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  • #2,675
  • Dec 7, 2012 2:22am Dec 7, 2012 2:22am
Hi all i took this gbpusd 4hours short after pullback to the line. comment is welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4hours 07 12 2012.gif Size: 31 KB
  • #2,676
  • Dec 7, 2012 2:56am Dec 7, 2012 2:56am
Quoting Tiwa
Hi all i took this gbpusd 4hours short after pullback to the line. comment is welcome.
Attachment
I'm waiting for the price to come down to 1.60 area... but I don't know today's NFP Friday... BTW I wouldn't be surprised if it starts going up now -- it's on the SR...
Attached Image (click to enlarge)
Click to Enlarge Name: gu 4.jpg Size: 159 KB
  • #2,677
  • Dec 7, 2012 4:24am Dec 7, 2012 4:24am
Quoting Tiwa
Hi all i took this gbpusd 4hours short after pullback to the line. comment is welcome.
Attachment
Hi Tiwa,

Hope all things have been well.

A good spot to be watching and its looking ok for you so far.

I am a little more conservative most of the time and would probably have waited for the break of the lows after the trend line break on that one.

But so far so good.
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  • #2,678
  • Dec 7, 2012 4:32am Dec 7, 2012 4:32am
Quoting Forexgogo
I'm waiting for the price to come down to 1.60 area... but I don't know today's NFP Friday... BTW I wouldn't be surprised if it starts going up now -- it's on the SR...
Hi Forexgogo,

I am watching the same pair looking for price to head lower.

Yes indeed it does pay to be a bit cautious on NFP day.
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  • #2,679
  • Dec 7, 2012 5:13am Dec 7, 2012 5:13am
Quoting DarkWolF
Price has managed to hold on the upper side so far.
Rejected away from one of the horizontal resistance areas.

Stalled just above the previous trend line.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Daily 07-12.jpg Size: 91 KB
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  • #2,680
  • Dec 7, 2012 5:18am Dec 7, 2012 5:18am
Quoting DarkWolF
AUDNZD 4 Hourly:

If price can make a continuation move and break the lows we could see a nice move to the next support areas.
Price is looking like it may make a move to the support area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDNZD 4 hourly 06-12.jpg Size: 89 KB
Click to Enlarge Name: AUDNZD 07-12.jpg Size: 90 KB
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