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Price Action and Trading Discussion

  • #2,841
  • Jan 27, 2013 5:03am Jan 27, 2013 5:03am
Quoting haimber
that is what i am waiting for: to the red line to be broken (mothly resistence) and turn to support or a pullback on the long term TL.
Now we just have to wait and see what the daily gives us.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,842
  • Jan 27, 2013 5:04am Jan 27, 2013 5:04am
Quoting Tiwa
Hi all AUDNZD WEEKLY timeframe is looking good for short check it out and good luck!!!
Attachment
Just looking through the charts for my watchlist for the following week and just added that one also so see what presents for us.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,843
  • Jan 27, 2013 5:10am Jan 27, 2013 5:10am
EURNZD Weekly:

If we see some continued strength in the Euro this could be worth keeping an eye on
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Weekly 27-01.jpg Size: 110 KB
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  • #2,844
  • Jan 27, 2013 5:19am Jan 27, 2013 5:19am
EURAUD Daily:

Keeping an eye on this one to see what develops.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Daily 27-01.jpg Size: 76 KB
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  • #2,845
  • Jan 27, 2013 5:24am Jan 27, 2013 5:24am
Quoting DarkWolF
EURNZD Weekly:

If we see some continued strength in the Euro this could be worth keeping an eye on

still within the range though. i would wait for a breakout and to the upper level of the range to serve as support to take it.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd.jpg Size: 104 KB
trading is not an addiction. it's a profession.
  • #2,846
  • Jan 27, 2013 5:26am Jan 27, 2013 5:26am
EURUSD Weekly:

I dont pay too much attention to fibs, but a lot of traders do.

A highly confluenced area on this pair, which would make this level an area worth being both cautious of and keping an eye on how price reacts.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Weekly 27-01.jpg Size: 111 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,847
  • Jan 27, 2013 5:29am Jan 27, 2013 5:29am
Quoting haimber
still within the range though. i would wait for a breakout and to the upper level of the range to serve as support to take it.
Indeed so.

Just an area to be watching.

I will be watching the daily for exactly that. Will we see it break out from the range and give me anything worth some attention
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,848
  • Jan 28, 2013 6:23am Jan 28, 2013 6:23am
Hi all this is the one i added to my trade today so far so good NZDUSD WEEKLY TIME FRAME
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd weekly short trade 28 01 2013.gif Size: 23 KB
  • #2,849
  • Jan 28, 2013 7:00am Jan 28, 2013 7:00am
two doji in the weekly and DT on the daily nice... but all in all that is a CT trade. i am waiting to a pullback on the neckline and that would be a confirmation for me than i'll consider it again.
trading is not an addiction. it's a profession.
  • #2,850
  • Jan 28, 2013 7:50am Jan 28, 2013 7:50am
I think is better to stay out of spike that is why i like trading long time setup when come up.If you see my first post on this thread this is what do long ago untill i diverted but now i know the best way, which is patience and allow the market to come to you.
Have a look at this is on WEEKLY TIME FRAME GBPJPY i support long on this one, look at it very well for some weeks now is been up that red candle signify the pull back anyway have a look and comment please.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy weekly long trade setup 28 01 2013.gif Size: 24 KB
  • #2,851
  • Jan 28, 2013 7:59am Jan 28, 2013 7:59am
Quoting haimber
two doji in the weekly and DT on the daily nice... but all in all that is a CT trade. i am waiting to a pullback on the neckline and that would be a confirmation for me than i'll consider it again.
Dont tell me you entered from the Weekly TF? because the SL would be so huge, thereby reducing your lot size and R/R (if you use it).
I' in this trade from .8398. Lets see if we can hit support around .8212-.8154. goodluck
  • #2,852
  • Jan 28, 2013 8:05am Jan 28, 2013 8:05am
nice pin bar right on the weekly support in the direction of the main trend. should go up soon...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 88 KB
trading is not an addiction. it's a profession.
  • #2,853
  • Jan 28, 2013 8:12am Jan 28, 2013 8:12am
Quoting Tiwa
I think is better to stay out of spike that is why i like trading long time setup when come up.If you see my first post on this thread this is what do long ago untill i diverted but now i know the best way, which is patience and allow the market to come to you.
Have a look at this is on WEEKLY TIME FRAME GBPJPY i support long on this one, look at it very well for some weeks now is been up that red candle signify the pull back anyway have a look and comment please.
Nice one tiwa.
Would hold all my jpy buys and for this one? I'm holding till price hit fib and resistance confluence around 145.30. the gbp is so weak fundermentally but im keeping an eye on the gu trendline support on the monthly chart. A rejection of that support and jpy weakness could make the gj the highest volatile pair again and more $$ in more account. See details below. Comments are welcomed.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj weekly fib confluence.jpg Size: 138 KB
Click to Enlarge Name: gu weekly tl support.jpg Size: 79 KB
  • #2,854
  • Jan 28, 2013 8:14am Jan 28, 2013 8:14am
Quoting dboy365
Dont tell me you entered from the Weekly TF? because the SL would be so huge, thereby reducing your lot size and R/R (if you use it).
I' in this trade from .8398. Lets see if we can hit support around .8212-.8154. goodluck
waiting for confirmation in the worker... the neckline should turn to resistence than i'll consider it as a safe entry.. my outlook on this pair is bearish.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.jpg Size: 101 KB
trading is not an addiction. it's a profession.
  • #2,855
  • Jan 28, 2013 8:24am Jan 28, 2013 8:24am
Quoting haimber
waiting for confirmation in the worker... the neckline should turn to resistence than i'll consider it as a safe entry.. my outlook on this pair is bearish.
cool.
Attached Image (click to enlarge)
Click to Enlarge Name: nu 4hr tf entry.jpg Size: 137 KB
  • #2,856
  • Jan 28, 2013 2:16pm Jan 28, 2013 2:16pm
DB in usdcad daily chart. we'll see if something intresting develops
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.jpg Size: 77 KB
trading is not an addiction. it's a profession.
  • #2,857
  • Jan 30, 2013 5:43am Jan 30, 2013 5:43am
Quoting haimber
DB in usdcad daily chart. we'll see if something intresting develops
Straight through the parity RN area and making a new high.

Now to see if the parity level can hold.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Daily 30-01.jpg Size: 76 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,858
  • Jan 30, 2013 5:49am Jan 30, 2013 5:49am
Quoting haimber
waiting for confirmation in the worker... the neckline should turn to resistence than i'll consider it as a safe entry.. my outlook on this pair is bearish.
On the daily a view, a bit more patience requird for this one I think.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Daily 30-01.jpg Size: 82 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,859
  • Jan 30, 2013 5:55am Jan 30, 2013 5:55am
Quoting Tiwa
I think is better to stay out of spike that is why i like trading long time setup when come up.If you see my first post on this thread this is what do long ago untill i diverted but now i know the best way, which is patience and allow the market to come to you.
Have a look at this is on WEEKLY TIME FRAME GBPJPY i support long on this one, look at it very well for some weeks now is been up that red candle signify the pull back anyway have a look and comment please.
Good to see you looking back on the longer term Tiwa

Indeed patience is the key.

Patience + Discipline - Greed = Success

Im leaning towards th bullish side still for GBPJPY also at the moment. But as we well know... the market will do what the market will do. All we can do is jump on, hitch a ride, and look to get off at the next stop
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,860
  • Jan 30, 2013 5:59am Jan 30, 2013 5:59am
Quoting dboy365
Dont tell me you entered from the Weekly TF? because the SL would be so huge, thereby reducing your lot size and R/R (if you use it).
I' in this trade from .8398. Lets see if we can hit support around .8212-.8154. goodluck
Hi dboy,

Just keep in mind, position size should be relevant to your stop loss not your stop placement being reliant on your position size

Position sizing for risk management will be based on your stop placement, not your stop placement being at a certain place because thats what your position size will allow you to risk.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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