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Price Action and Trading Discussion

  • #2,881
  • Feb 1, 2013 3:56am Feb 1, 2013 3:56am
Quoting haimber
thats part of the game....

after breakout waiting for confirmation in daily to short it
Indeed it is.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,882
  • Feb 1, 2013 3:57am Feb 1, 2013 3:57am
Quoting DarkWolF
GBPUSD Daily:

Had the push past support now to see of support can hold as resistance for another push down.

Quoting DarkWolF
GBPAUD Daily:

A good place to watch how this one closes today.
Nothing eventuated on either of these.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,883
  • Feb 1, 2013 4:05am Feb 1, 2013 4:05am
Quoting DarkWolF
Hi Haimber,

I have been watching the same chart for a few days now, looking for the most recent low to be broken.
Got an entry on this one as it moved past the most recent low like I was looking for.

Closing it out now as it sits at the first weekly support level. Could BE and target lower but im just going to take it off.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDNZD Daily 01-02.jpg Size: 79 KB
Click to Enlarge Name: AUDNZD Weekly 01-02.jpg Size: 102 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,884
  • Feb 1, 2013 4:18am Feb 1, 2013 4:18am
Quoting DarkWolF
Got an entry on this one as it moved past the most recent low like I was looking for.

Closing it out now as it sits at the first weekly support level. Could BE and target lower but im just going to take it off.
Nice work and for the AudNzd weekly time frame i think much will be there next week or so wait for a pull back and look for short that is what am waiting for if you remember the screenshot i posted early this week.
  • #2,885
  • Feb 1, 2013 4:22am Feb 1, 2013 4:22am
Quoting Tiwa
Nice work and for the AudNzd weekly time frame i think much will be there next week or so wait for a pull back and look for short that is what am waiting for if you remember the screenshot i posted early this week.
Yep will be keeping an eye on it
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,886
  • Feb 1, 2013 1:48pm Feb 1, 2013 1:48pm
GBPNZD Daily:

This one triggered for me overnight whilst asleep.

Closing it now at the first support area.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Daily 01-02.jpg Size: 96 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,887
  • Feb 2, 2013 5:35am Feb 2, 2013 5:35am
what are "round number areas"

thank you
  • #2,888
  • Feb 2, 2013 6:45am Feb 2, 2013 6:45am
Quoting DarkWolF
GBPNZD Daily:

This one triggered for me overnight whilst asleep.

Closing it now at the first support area.
I killed this one too. Entry was break of the inside bar on the 4h TF.
  • #2,889
  • Edited 4:06pm Feb 2, 2013 3:21pm | Edited 4:06pm
CADJPY


nice setup in the weekly, geting close to monthly resistence though. if it will break, can be good for long term trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cadjpy w.jpg Size: 82 KB
Click to Enlarge Name: cadjpy m2.jpg Size: 101 KB
trading is not an addiction. it's a profession.
  • #2,890
  • Feb 2, 2013 3:34pm Feb 2, 2013 3:34pm
AUDCAD

pullback right on the TL . let's see if it holds. we'll watch it on the daily.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad w.jpg Size: 81 KB
trading is not an addiction. it's a profession.
  • #2,891
  • Edited Feb 3, 2013 2:57am Feb 2, 2013 8:09pm | Edited Feb 3, 2013 2:57am
Quoting DarkWolF
GBPNZD Daily:

This one triggered for me overnight whilst asleep.

Closing it now at the first support area.
Congratulation for your G/N and A/N
Patience does pay off!
  • #2,892
  • Feb 3, 2013 3:34am Feb 3, 2013 3:34am
EURGBP

i'm waiting to a pullback on the TL to see if it holds and we have confirmation in daily to long entry.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp w.jpg Size: 73 KB
trading is not an addiction. it's a profession.
  • #2,893
  • Feb 3, 2013 3:47am Feb 3, 2013 3:47am
Quoting mikeuz
what are "round number areas"

thank you
Hi Mikeuz,

On Daily and above I tend to use every 500 pips.

Anything below daily I prefer the 100 pips area.

If I was to trade on a low time frame like the 5 min or potentially the hourly I would look at every 50 pips.

This is however can be somewhat of a personal choice to each individual trader but just areas that I find useful, and quite often see price react from them.

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,894
  • Feb 3, 2013 3:48am Feb 3, 2013 3:48am
Quoting dboy365
I killed this one too. Entry was break of the inside bar on the 4h TF.
Hi dboy,

Hope your week was good one.

Great to hear ya got some pips from it also
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,895
  • Feb 3, 2013 3:51am Feb 3, 2013 3:51am
Quoting haimber
CADJPY


nice setup in the weekly, geting close to monthly resistence though. if it will break, can be good for long term trade.
Hi Hamber,

Indeed. There is some resistance above.

I would still see no reason to look for more long opportunities still on these Yen pairs with the contiued Yen weakness still being evident.

On the daily we could be looking for a pause or pullback to the most recent highs to look to join the trend.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,896
  • Feb 3, 2013 4:02am Feb 3, 2013 4:02am
Quoting haimber
AUDCAD

pullback right on the TL . let's see if it holds. we'll watch it on the daily.
Last week we were looking for this one to break the most recent highs after price broke free from the sideways range. Looking for the top of the range area with the confluence of the RN area to hold as support.

This obviously did not take place.

Price has now moved back into the range bound area. I will be sitting patiently out of this one for now until price shows some sort of potential to break and hold outside of the range.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD 03-02.jpg Size: 90 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,897
  • Feb 3, 2013 4:09am Feb 3, 2013 4:09am
Quoting DarkWolF
GBPUSD Daily:

Had the push past support now to see of support can hold as resistance for another push down.
Looking promising again.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD Daily 23-01.jpg Size: 89 KB
Click to Enlarge Name: GBPUSD Daily 31-01.jpg Size: 87 KB
Click to Enlarge Name: GBPUSD Dailiy 03-02.jpg Size: 86 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,898
  • Feb 3, 2013 4:11am Feb 3, 2013 4:11am
Got to do a few things will come back later and check out the charts for my watchlist for the following week.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,899
  • Feb 3, 2013 4:13am Feb 3, 2013 4:13am
Quoting msia.metal
Congratulation for your G/N and A/N
Patience does pay off!
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,900
  • Feb 3, 2013 4:49am Feb 3, 2013 4:49am
Quoting DarkWolF
Hi Hamber,

Indeed. There is some resistance above.

I would still see no reason to look for more long opportunities still on these Yen pairs with the contiued Yen weakness still being evident.

On the daily we could be looking for a pause or pullback to the most recent highs to look to join the trend.
yes there is some weakness on the yen pairs. we'll wait a bit.
trading is not an addiction. it's a profession.
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