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Price Action and Trading Discussion

  • #2,701
  • Dec 14, 2012 2:20am Dec 14, 2012 2:20am
Hi all is being a quiet week here and today is friday, let look at this USDCHF 4HOUR open to all to discuss is there potential for long?.

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  • #2,702
  • Dec 14, 2012 10:27pm Dec 14, 2012 10:27pm
Quoting Tiwa
Hi all is being a quiet week here and today is friday, let look at this USDCHF 4HOUR open to all to discuss is there potential for long?.

Attachment
USDCHF is bearish focusing @ 0.905, breaking the 100% Fibonacci level focusing @161.8% Fibonacci level.USDCHF has break new low and -DI14 is above +DI14 and -DI14 value has break new high, creating a price to -DI divergence, which ia a bearish signal.
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  • #2,703
  • Dec 16, 2012 1:59am Dec 16, 2012 1:59am
Quoting Tiwa
Hi all is being a quiet week here and today is friday, let look at this USDCHF 4HOUR open to all to discuss is there potential for long?.

Attachment
Quoting Ezekiel Chew
USDCHF is bearish focusing @ 0.905, breaking the 100% Fibonacci level focusing @161.8% Fibonacci level.USDCHF has break new low and -DI14 is above +DI14 and -DI14 value has break new high, creating a price to -DI divergence, which ia a bearish signal.
Hi Guys,

Yes indeed Tiwa it has been a little quiet, a time when it does pay to be patient. The pin at the support could have been an option bit it was not broken so no trade would have been entered.

Ezekiel it has been a long time since I seen a MACD used on a chart. Once upon a time I used that particular indicator quite a bit with my 5 min trades. It is one of the indicators that I actually found quite useful.

The range on this pair has certainly been broken with Fridays bar closing strongly outside of it. There is some obvious support below that could be a potential target area if anyone is looking to short this pair.
Attached Image (click to enlarge)
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  • #2,704
  • Dec 16, 2012 2:09am Dec 16, 2012 2:09am
GBPUSD Daily:

Price has broken and holding above the 1.6000 area.

Potential short term target at the previous highs, and if it stays on th bullish side 1.6500.
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  • #2,705
  • Dec 16, 2012 2:15am Dec 16, 2012 2:15am
EURJPY Daily:

The trend line came into play again, holding price for the bullish continuation to the next resistance area.
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  • #2,706
  • Dec 16, 2012 2:22am Dec 16, 2012 2:22am
GBPJPY Daily:

Quite similar to the GBPUSD chart with price holding above the trend line pushing higher to the next resistance area.

There is plenty of horizontal areas on this chart that shows how price reacts to these time and time again.
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  • #2,707
  • Dec 17, 2012 3:31am Dec 17, 2012 3:31am
Hi all am watching this setup on GBPCAD 4hour for possible long trade your comment is welcome.

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  • #2,708
  • Dec 18, 2012 5:58am Dec 18, 2012 5:58am
have a look at this setup thou is coming to the end of the year care need to be taken.(EURAUD 4HOUR)
Good luck

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  • #2,709
  • Dec 18, 2012 7:20am Dec 18, 2012 7:20am
Quoting Tiwa
have a look at this setup thou is coming to the end of the year care need to be taken.(EURAUD 4HOUR)
Good luck

Attachment
It is in a critical area now. Short... possibly, but I don't see any sign yet -- the upward channel is intact.
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  • #2,710
  • Dec 18, 2012 2:41pm Dec 18, 2012 2:41pm
Quoting Tiwa
have a look at this setup thou is coming to the end of the year care need to be taken.(EURAUD 4HOUR)
Good luck

Attachment
Now I'm considering short.... depends on the PA on 1h and 4h....
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  • #2,711
  • Dec 18, 2012 3:09pm Dec 18, 2012 3:09pm
Quoting Forexgogo
Now I'm considering short.... depends on the PA on 1h and 4h....
Quoting Forexgogo
It is in a critical area now. Short... possibly, but I don't see any sign yet -- the upward channel is intact.
what are your MA's being used?
are they shown above the sama?
Trade As A Sniper
  • #2,712
  • Dec 18, 2012 3:27pm Dec 18, 2012 3:27pm
Quoting pama.fx
what are your MA's being used?
are they shown above the sama?
I take EMA200 very seriously.
On 1H I put EMA200 and EMA800 (it is about the same as EMA200 on 4H)
On 4H I put EMA200 and EMA50 (it is about the same as EMA200 on 1H)
On daily I put EMA200 and EMA365.

They are a kind of psychological indicator -- you see the price acts and reacts to EMA200. They can be a very good confluence with other stuff such as Fib, Pivots, and round #s.... I don't rarely trade solely on EMA200 except for EMA200 on 4H (I trade upon a rejection).
  • #2,713
  • Dec 19, 2012 3:09am Dec 19, 2012 3:09am
NZDUSD 4hour, i took this trade base on breakout pullback continuation i hope it will work out as expected.

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  • #2,714
  • Dec 19, 2012 3:17am Dec 19, 2012 3:17am
Quoting Tiwa
NZDUSD 4hour, i took this trade base on breakout pullback continuation i hope it will work out as expected.

Attachment
Nice spot for the short Tiwa.

So far looking like it will continue short.
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  • #2,715
  • Dec 19, 2012 3:26am Dec 19, 2012 3:26am
Quoting Tiwa
NZDUSD 4hour, i took this trade base on breakout pullback continuation i hope it will work out as expected.

Attachment
I see your now looking at price extensions also

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  • #2,716
  • Dec 19, 2012 3:36am Dec 19, 2012 3:36am
It's the only thing I have traded in over 20 years. I gave up on T.A. studies in 199 when i realized it was a complete "smoke screen"

Very limited T.A. can be a visual aid...but that's all it is.
  • #2,717
  • Dec 19, 2012 4:11am Dec 19, 2012 4:11am
Quoting stressfreefx
It's the only thing I have traded in over 20 years. I gave up on T.A. studies in 199 when i realized it was a complete "smoke screen"

Very limited T.A. can be a visual aid...but that's all it is.
Hi stessfreefx,

What is the only thing you have traded in over 20 years ?

TA as in technical analysis ?
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  • #2,718
  • Dec 19, 2012 5:51am Dec 19, 2012 5:51am
Quoting Forexgogo
I take EMA200 very seriously.
On 1H I put EMA200 and EMA800 (it is about the same as EMA200 on 4H)
On 4H I put EMA200 and EMA50 (it is about the same as EMA200 on 1H)
On daily I put EMA200 and EMA365.

They are a kind of psychological indicator -- you see the price acts and reacts to EMA200. They can be a very good confluence with other stuff such as Fib, Pivots, and round #s.... I don't rarely trade solely on EMA200 except for EMA200 on 4H (I trade upon a rejection).
Thanks fxgogo.
I think you are an experience trader by using such "hi level" ema.
Pls. post often.
I like MAs but not that hi numbers
Trade As A Sniper
  • #2,719
  • Dec 19, 2012 11:36am Dec 19, 2012 11:36am
AUDUSD 4HOUR it may be late in the day now but this is the kind of good setup that is more profitable breakout pullback continuation it may what watching till morning to see if the formation still stand. Good luck.

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  • #2,720
  • Dec 19, 2012 11:42am Dec 19, 2012 11:42am
Quoting Tiwa
AUDUSD 4HOUR it may be late in the day now but this is the kind of good setup that is more profitable breakout pullback continuation it may what watching till morning to see if the formation still stand. Good luck.

Attachment
just take care with long term bulish trendline
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