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Price Action and Trading Discussion

  • #2,681
  • Dec 7, 2012 7:15am Dec 7, 2012 7:15am
Quoting Tiwa
Hi all i took this gbpusd 4hours short after pullback to the line. comment is welcome.
Attachment
When I first looked at this Tiwa I thought it was the GBPAUD chart, I must have misread it.

Only just realised after reading back over to check on chart progress that its GU.

Still looking good.
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  • #2,682
  • Dec 7, 2012 7:23am Dec 7, 2012 7:23am
Quoting DarkWolF
When I first looked at this Tiwa I thought it was the GBPAUD chart, I must have misread it.

Only just realised after reading back over to check on chart progress that its GU.

Still looking good.
DarkWolF that happens sometime and am out of that trade before the round number as we have some news coming soon.
  • #2,683
  • Dec 7, 2012 7:23am Dec 7, 2012 7:23am
GBPUSD 4 Hourly:

Almost textbook.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 07-12 4hourly.jpg Size: 89 KB
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  • #2,684
  • Dec 7, 2012 7:24am Dec 7, 2012 7:24am
Quoting Tiwa
DarkWolF that happens sometime and am out of that trade before the round number as we have some news coming soon.
Nice work indeed, pretty much a perfect trade
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  • #2,685
  • Dec 11, 2012 6:06am Dec 11, 2012 6:06am
Eurcad 4 hours anyone watching this for possible short

Attached Image (click to enlarge)
Click to Enlarge Name: eurcad 4hours 11 12 2012.gif Size: 27 KB
  • #2,686
  • Dec 11, 2012 6:14am Dec 11, 2012 6:14am
Not at the moment trend is up look for a counter trend move after 30-90 mins after NY open always wait till NY confirms London high/low of the day.
Find your Favourite Pattern
  • #2,687
  • Dec 11, 2012 6:25am Dec 11, 2012 6:25am
Quoting Tiwa
Eurcad 4 hours anyone watching this for possible short

Attachment
Well its certainly an area worth keeping an eye on I think.

Would need to see a good rejection bar though from that area, and if that was to take place it will more than likely be whilst I am sleeping.

I would like to see a strong close below the RN area.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD 4 hourly 11-12.jpg Size: 95 KB
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  • #2,688
  • Dec 11, 2012 6:28am Dec 11, 2012 6:28am
Quoting DarkWolF
Well its certainly an area worth keeping an eye on I think.

Would need to see a good rejection bar though from that area, and if that was to take place it will more than likely be whilst I am sleeping.

I would like to see a strong close below the RN area.
My call for attention is for preparation if the event does happen
  • #2,689
  • Dec 11, 2012 6:31am Dec 11, 2012 6:31am
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.

Quoting DarkWolF
Price is looking like it may make a move to the support area.
Hit the bottom end of the support area, rejecting at the moment which is no surpise at that level.
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
Click to Enlarge Name: AUDNZD 4 hourly 11-12.jpg Size: 83 KB
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  • #2,690
  • Dec 11, 2012 6:36am Dec 11, 2012 6:36am
Quoting DarkWolF
Hit the bottom end of the support area, rejecting at the moment which is no surpise at that level.
I think on weekly this still have more move downward just my opinion
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd weekly 11 12 2012.gif Size: 24 KB
  • #2,691
  • Dec 11, 2012 6:40am Dec 11, 2012 6:40am
Quoting DarkWolF
USDCAD Daily:

Keepng an eye on this chart, see how it decided to play out.
Not going anywhere too quickly but approaching the first support area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCAD Daily 06-12.jpg Size: 79 KB
Click to Enlarge Name: USDCAD daily 11-12.jpg Size: 81 KB
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  • #2,692
  • Dec 11, 2012 6:41am Dec 11, 2012 6:41am
Quoting Tiwa
I think on weekly this still have more move downward just my opinion
Attachment
Quite possibly
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  • #2,693
  • Dec 11, 2012 6:47am Dec 11, 2012 6:47am
Attachment
Quoting DarkWolF
Rejected away from one of the horizontal resistance areas.

Stalled just above the previous trend line.
A great example of why I like to keep an eye on the horizontal areas and trend lines.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ 1.jpg Size: 85 KB
Click to Enlarge Name: EURJPY Daily 06-12.jpg Size: 93 KB
Click to Enlarge Name: EJ Daily 07-12.jpg Size: 91 KB
Click to Enlarge Name: EJ 11-12.jpg Size: 96 KB
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  • #2,694
  • Dec 11, 2012 6:54am Dec 11, 2012 6:54am
Quoting Tiwa
Eurcad 4 hours anyone watching this for possible short

Attachment
I'm very cautious about CAD... look at UCAD. As for Eurcad, the bias is long (see daily)...
  • #2,695
  • Dec 11, 2012 7:05am Dec 11, 2012 7:05am
Hello again

Head and Shoulders ?

EUR/USD, 4Hr chart
Attached Image (click to enlarge)
Click to Enlarge Name: eu4hr.png Size: 33 KB
  • #2,696
  • Dec 12, 2012 6:18am Dec 12, 2012 6:18am
Quoting diver78
Hello again

Head and Shoulders ?

EUR/USD, 4Hr chart
Hi Diver,

Potentially, but its not really on of the patterns that I usually keep an eye out for.
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  • #2,697
  • Dec 12, 2012 6:20am Dec 12, 2012 6:20am
GBPSD 4 Hourly:

Price finding support at the RN area, slightly breaking the highs and now making a move upwards.

Resistance areas close above.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 12-12.jpg Size: 98 KB
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  • #2,698
  • Dec 12, 2012 6:46am Dec 12, 2012 6:46am
Quoting DarkWolF
GBPSD 4 Hourly:

Price finding support at the RN area, slightly breaking the highs and now making a move upwards.

Resistance areas close above.
I'm waiting for it to reach 1.6250 area... won't take any short before that
Attached Image (click to enlarge)
Click to Enlarge Name: gu day.jpg Size: 258 KB
  • #2,699
  • Dec 12, 2012 6:48am Dec 12, 2012 6:48am
Quoting Forexgogo
I'm waiting for it to reach 1.6250 area... won't take any short before that
Hi.
  • #2,700
  • Dec 12, 2012 6:49am Dec 12, 2012 6:49am
Quoting Forexgogo
I'm waiting for it to reach 1.6250 area... won't take any short before that
The same thing to GJ -- has to come to 135.00 area for short
Attached Image (click to enlarge)
Click to Enlarge Name: gj d.jpg Size: 317 KB
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