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Price Action and Trading Discussion

  • #2,861
  • Jan 30, 2013 7:41am Jan 30, 2013 7:41am
Quoting DarkWolF
On the daily a view, a bit more patience requird for this one I think.
yes. also, if we look on the weekly it's better to wait. note that there is an inverted hammar below the M and W resistence. (in other brokers it appears diffrent)
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trading is not an addiction. it's a profession.
  • #2,862
  • Jan 30, 2013 8:12am Jan 30, 2013 8:12am
The word today is a 24/7 market. Trillions of dollars are trading hands every day. That is why it amuses me when I meet people who are looking for job or for a pay raise or wondering how they are going to make a few extra money.obviously, they live in a different world than I do. Today, a person can live in the most remote parts of the world and still be doing business with the rest of the world.
  • #2,863
  • Jan 30, 2013 9:23am Jan 30, 2013 9:23am
Quoting mirian
The word today is a 24/7 market. Trillions of dollars are trading hands every day. That is why it amuses me when I meet people who are looking for job or for a pay raise or wondering how they are going to make a few extra money.obviously, they live in a different world than I do. Today, a person can live in the most remote parts of the world and still be doing business with the rest of the world.

miriam

you have to be experienced trader if you want to earn money in that market. if you are new to the forex market take your time to learn and trade on demo only. if you will be consistently profitable you can than think of open a real account and trade in small amounts. dont even try all kinds of indicators, just price action.

goodluck
trading is not an addiction. it's a profession.
  • #2,864
  • Jan 31, 2013 3:17am Jan 31, 2013 3:17am
AUDNZD

broke a triangle and now stay on a weekly S. i would wait to the weekly support to be broken with confirmation in the daily to find a short entry.
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trading is not an addiction. it's a profession.
  • #2,865
  • Jan 31, 2013 4:28am Jan 31, 2013 4:28am
Quoting haimber
AUDNZD

broke a triangle and now stay on a weekly S. i would wait to the weekly support to be broken with confirmation in the daily to find a short entry.
Hi Haimber,

I have been watching the same chart for a few days now, looking for the most recent low to be broken.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,866
  • Jan 31, 2013 4:32am Jan 31, 2013 4:32am
AUDCHF 4 Hourly:

Took this one and added a second position to it, locked in some pips just above the last RN area.

Pushed back towards that area today but as yet to break it and take out my trailing stops.
Attached Image(s) (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,867
  • Jan 31, 2013 4:37am Jan 31, 2013 4:37am
GBPAUD Daily:

A good place to watch how this one closes today.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,868
  • Jan 31, 2013 4:42am Jan 31, 2013 4:42am
GBPUSD Daily:

Had the push past support now to see of support can hold as resistance for another push down.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,869
  • Jan 31, 2013 6:53am Jan 31, 2013 6:53am
be aware that right now the price stay on strong weekly support.
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trading is not an addiction. it's a profession.
  • #2,870
  • Jan 31, 2013 12:01pm Jan 31, 2013 12:01pm
Quoting DarkWolF
AUDCHF 4 Hourly:

Took this one and added a second position to it, locked in some pips just above the last RN area.

Pushed back towards that area today but as yet to break it and take out my trailing stops.
I was a buyer into this decline in price of AUD/CHF.. Good time to get moving on weakness.
  • #2,871
  • Feb 1, 2013 12:39am Feb 1, 2013 12:39am
The buy pending order on both CHFJPY and GBPJPY weekly time frame are moving nicely

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  • #2,872
  • Feb 1, 2013 3:39am Feb 1, 2013 3:39am
Quoting Tiwa
The buy pending order on both CHFJPY and GBPJPY weekly time frame are moving nicely

Attachment
Attachment

it is importent to base a trade on the weekly TF not only on the daily.

USDJPY

resistence now turned to support.
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trading is not an addiction. it's a profession.
  • #2,873
  • Feb 1, 2013 3:41am Feb 1, 2013 3:41am
I took this long on eurcad daily and i will be out before the round number and today is friday.
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  • #2,874
  • Feb 1, 2013 3:41am Feb 1, 2013 3:41am
Quoting haimber

USDJPY

resistence now turned to support.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,875
  • Feb 1, 2013 3:43am Feb 1, 2013 3:43am
Quoting DarkWolF
AUDCHF 4 Hourly:

Took this one and added a second position to it, locked in some pips just above the last RN area.

Pushed back towards that area today but as yet to break it and take out my trailing stops.
Trailing stop was hit on both of these open positions and now it moves nicely down furhter....

Thats trading
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,876
  • Feb 1, 2013 3:47am Feb 1, 2013 3:47am
Quoting Tiwa
I took this long on eurcad daily and i will be out before the round number and today is friday.
Attachment
NFP today.
trading is not an addiction. it's a profession.
  • #2,877
  • Feb 1, 2013 3:47am Feb 1, 2013 3:47am
Quoting DarkWolF
Trailing stop was hit on both of these open positions and now it moves nicely down furhter....

Thats trading
Geeeez !!!! wasnt much in it... this is where my trailing stop was that was taken out.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,878
  • Feb 1, 2013 3:50am Feb 1, 2013 3:50am
Quoting haimber
NFP today.
Will pay to be a bit cautious if you have any tight stopped positions open then, a good reminder Haimber

As always it can go nicely in your favour or spike hard against you.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,879
  • Feb 1, 2013 3:51am Feb 1, 2013 3:51am
Quoting DarkWolF
Trailing stop was hit on both of these open positions and now it moves nicely down furhter....

Thats trading
thats part of the game....

after breakout waiting for confirmation in daily to short it
trading is not an addiction. it's a profession.
  • #2,880
  • Feb 1, 2013 3:55am Feb 1, 2013 3:55am
Quoting Tiwa
The buy pending order on both CHFJPY and GBPJPY weekly time frame are moving nicely

Attachment
Attachment

Nice work so far Tiwa

I have had one going on the daily for GJ, I was looking to hold a bit longer term with this but have locked in some pips just below the 145.00 RN area see how it goes from here.
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