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Price Action and Trading Discussion

  • #2,761
  • Jan 6, 2013 2:48pm Jan 6, 2013 2:48pm
Evening all,

Anyone looking at selling GBPCHF ? The down trend on the daily chart looks good to continue south

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.GIF Size: 16 KB
  • #2,762
  • Jan 6, 2013 3:23pm Jan 6, 2013 3:23pm
buy aud/cad at 1.0343, sl = 1.0260, tp-1= 1.0476, tp-2 = 1.0604
http://api.ning.com/files/IOX7X0jDkA....JPG?width=750
  • #2,763
  • Jan 7, 2013 2:52am Jan 7, 2013 2:52am
Quoting Tiwa
Hello everyone i hope this week will be a successful one again. Let start with this and comment is always welcome, cadchf daily time frame is it not good for short?

Attachment



Here is it on four hour if the presesnt candle get rejected. Good luck.

Attached Image (click to enlarge)
Click to Enlarge Name: cadchf 4hour short setup 07 01 2013.gif Size: 24 KB

  • #2,764
  • Jan 7, 2013 3:50am Jan 7, 2013 3:50am
Quoting Dcb
I would like to participate in your thread. I trade using price action, although I do look at the RSI. I just exited a NZD/USD long trade. I attached my hourly chart.
Hi Dcb,

All good and welcome to the thread.

I dont mind indicators on charts, I simply prefer no indicators myself.

I always say, if it helps you trade then all is good and keep doing it.

Look forward to seeing some more charts.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,765
  • Jan 7, 2013 3:53am Jan 7, 2013 3:53am
Quoting pama.fx
With respect to DW, I think his thread is pure PA, no indy as I observed so far.
Well, my comment on E/A is posted here
Hi Pama,

I dont mind charts being posted with indicators.

PA and trading discusion, so any trading discussion is welcome.

I simply prefer no indicators on my charts myself, if others find them useful and it helps them with their trading then I say keep doing it.

Maybe with time they will come to realise anyways that they dont really need them on there
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,766
  • Jan 7, 2013 3:55am Jan 7, 2013 3:55am
Just trying to catch up on anything that I have missed out on in the last few weeks
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,767
  • Jan 7, 2013 5:08am Jan 7, 2013 5:08am
Quoting DarkWolF
Hi Pama,

I dont mind charts being posted with indicators.

PA and trading discusion, so any trading discussion is welcome.

I simply prefer no indicators on my charts myself, if others find them useful and it helps them with their trading then I say keep doing it.

Maybe with time they will come to realise anyways that they dont really need them on there
I used to only use charts without any indicators, but I use the RSI more for divergency indicator. The RSI like any indicator can be a distraction. I entered a buy order for the NZD/USD thinking it will go up to the median line of the Andrews Pitchfork I drew.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZD-USD H1 1-7-2013 5-58-13 AM.jpg Size: 251 KB
Click to Enlarge Name: NZD-USD H4 1-7-2013 6-06-23 AM.jpg Size: 250 KB
  • #2,768
  • Jan 7, 2013 5:18am Jan 7, 2013 5:18am
Well to me guys at least on the daily, will check out most of the 4 hourly in a sec, apart from the weakness in the JPY pairs it looks as if there is still quite a bit of consolidation across most of the pairs.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,769
  • Jan 7, 2013 5:26am Jan 7, 2013 5:26am
Quoting Dcb
I used to only use charts without any indicators, but I use the RSI more for divergency indicator. The RSI like any indicator can be a distraction. I entered a buy order for the NZD/USD thinking it will go up to the median line of the Andrews Pitchfork I drew.
Price does seem to be making new highs, some potential resistance areas close by.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 4 Hourly 07-01.jpg Size: 87 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,770
  • Jan 7, 2013 5:32am Jan 7, 2013 5:32am
Quoting Tiwa
Hello everyone i hope this week will be a successful one again. Let start with this and comment is always welcome, cadchf daily time frame is it not good for short?







Attachment

Quoting Tiwa
[/center]

Here is it on four hour if the presesnt candle get rejected. Good luck.

Attachment

There is some potential there Tiwa with some good areas to be keeping an eye on.
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHF Daily.jpg Size: 75 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,771
  • Jan 7, 2013 5:34am Jan 7, 2013 5:34am
Quoting saeedrehman
buy aud/cad at 1.0343, sl = 1.0260, tp-1= 1.0476, tp-2 = 1.0604
Hi saeedrehman,

A lot of congestion on that chart, but hopefully your plan works out for you.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,772
  • Jan 7, 2013 5:37am Jan 7, 2013 5:37am
Quoting beachjunkie
Evening all,

Anyone looking at selling GBPCHF ? The down trend on the daily chart looks good to continue south

Attachment
Hi Beachjunkie,

Could be worth keeping an eye on as long as it stays below that trend line
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,773
  • Jan 7, 2013 1:44pm Jan 7, 2013 1:44pm
Wow, some of these patters look so clear after someone has traded on them. Great work guys, keep them coming
  • #2,774
  • Jan 7, 2013 8:58pm Jan 7, 2013 8:58pm
buy aud/cad at 1.0343, sl = 1.0260, tp-1= 1.0476, tp-2 = 1.0604
http://api.ning.com/files/IOX7X0jDkA....JPG?width=750
  • #2,775
  • Jan 8, 2013 5:52am Jan 8, 2013 5:52am
EURUSD Daily:

The 1.300 area has held price for now and we have some short term resistance areas above.

I would be looking for the trend line and RN area to give way before looking for anything short.

Other than that we may potentially see the 1.300 area hold and price push higher.
Attached Image (click to enlarge)
Click to Enlarge Name: EU daily 08-01.jpg Size: 88 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,776
  • Jan 8, 2013 5:59am Jan 8, 2013 5:59am
USDCAD Daily:

Price confirming the trend line and breaking away.

A couple of areas below to watch if price can break and hold below the most recent lows.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Daily 08-01.jpg Size: 87 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,777
  • Jan 8, 2013 6:05am Jan 8, 2013 6:05am
There is quite a lot of ranging / consolidation going on across the pairs guys, and it is times like this that it does pay to be a bit careful on the charts.

It is times like this that jumping the gun and not being patient can cause some damage to accounts.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,778
  • Jan 8, 2013 6:11am Jan 8, 2013 6:11am
Quoting Tiwa
[/center]

Here is it on four hour if the presesnt candle get rejected. Good luck.

Attachment

Hi Tiwa,

Looks like price broke out of the area of consolidation after price holding on the daily trend line.

Retested the lows of that area, now lets see if it can continue lower for you.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,779
  • Jan 8, 2013 6:16am Jan 8, 2013 6:16am
Quoting beachjunkie
Evening all,

Anyone looking at selling GBPCHF ? The down trend on the daily chart looks good to continue south

Attachment
Hi Beachjunkie,

Still yet to make a solid move, struggling at the support area so far.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,780
  • Jan 8, 2013 6:18am Jan 8, 2013 6:18am
Quoting saeedrehman
buy aud/cad at 1.0343, sl = 1.0260, tp-1= 1.0476, tp-2 = 1.0604
Price stuck in some congested price action still on this one.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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