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Price Action and Trading Discussion

  • #2,901
  • Feb 3, 2013 4:59am Feb 3, 2013 4:59am
Quoting DarkWolF
Looking promising again.
very good setup. on the weekly inverted PB below the resistence. i just take into account the long term TL .
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd w.jpg Size: 76 KB
trading is not an addiction. it's a profession.
  • #2,902
  • Feb 3, 2013 5:40am Feb 3, 2013 5:40am
AUDJPY Daily:

This pair continues to show strength. I will keep an eye on any pullbacks and look for opportunities.

I would expect a reasonable pullback on these Yen pairs eventually, its only a matter of time, the question will be when and how far.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Daily 03-02.jpg Size: 83 KB
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  • #2,903
  • Feb 3, 2013 5:45am Feb 3, 2013 5:45am
AUDNZD Daily:

There is certainly some support evident on the weekly chart, but will keep an eye on any pullbacks.
Attached Image (click to enlarge)
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  • #2,904
  • Feb 3, 2013 5:53am Feb 3, 2013 5:53am
GBPAUD Daily:

Was keeping an eye on this one also last week but nothing eventuated.

Friday gave a nice rejection from the area I was watching.

Caution with the RN just below but if it can break there is good room for movement below to the next support area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUD Daily 31-01.jpg Size: 72 KB
Click to Enlarge Name: GBPAUD Daily 03-02.jpg Size: 89 KB
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  • #2,905
  • Feb 3, 2013 5:58am Feb 3, 2013 5:58am
Quoting haimber
very good setup. on the weekly inverted PB below the resistence. i just take into account the long term TL .
Yes indeed
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,906
  • Feb 3, 2013 10:46pm Feb 3, 2013 10:46pm
Hi guys, I am back to the market, nice to see you here!
Here is another one to watch, GBP/CHF.
Attached Image (click to enlarge)
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  • #2,907
  • Edited 5:35am Feb 4, 2013 4:56am | Edited 5:35am
AUDCHF

PB in the daily right into the range again. meanwhile the weekly support holds. lets see how it develops.
Attached Image (click to enlarge)
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trading is not an addiction. it's a profession.
  • #2,908
  • Feb 4, 2013 5:57am Feb 4, 2013 5:57am
Quoting vitall
Hi guys, I am back to the market, nice to see you here!
Here is another one to watch, GBP/CHF.
Hi Vitall,

Good to see ya back on the markets.

Certainly at a long term support area.

I would be hesitant to trade against it at the moment, would rather wait to see some sort of pullback.

The CHF pairs still make a bit nervous trading on them after what that SNB did mid last year.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,909
  • Feb 4, 2013 5:59am Feb 4, 2013 5:59am
Quoting haimber
AUDCHF

PB in the daily right into the range again. meanwhile the weekly support holds. lets see how it develops.
Hi Haimber,

Yep, no surprises that price stalled where it did
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,910
  • Feb 4, 2013 6:13am Feb 4, 2013 6:13am
hi DW
i hope your weekend was fine..


AUDUSD
i'm waiting to see a sort of rejection from TL to consider it again.
Attached Image (click to enlarge)
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trading is not an addiction. it's a profession.
  • #2,911
  • Feb 4, 2013 6:18am Feb 4, 2013 6:18am
Quoting haimber
hi DW
i hope your weekend was fine..


AUDUSD
i'm waiting to see a sort of rejection from TL to consider it again.
Ya the weekend was pretty good, how about yours ?

Been quite choppy on the AU recently.

There is the RBA announcement tomorrow here in Australia on interest rates so it may not do a whole lot until then.

Its a bit hard to say wether or not the RBA will make more cuts or simply keep them on hold. There has been quite a few cuts, and I would be surprised if they increased them.

For the sake of my home loans I hope they dont increase them
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,912
  • Feb 4, 2013 6:49am Feb 4, 2013 6:49am
mine was very good...

yea i would rather wait until the announcement will be released. hope if they are going to change the rate, it will be in your favour....
trading is not an addiction. it's a profession.
  • #2,913
  • Feb 5, 2013 8:11am Feb 5, 2013 8:11am
Didn't RMB say the rates would hold where they are for now?
  • #2,914
  • Feb 5, 2013 4:00pm Feb 5, 2013 4:00pm
Quoting FourExTrade
Didn't RMB say the rates would hold where they are for now?
That is exactly how it played out.

But you just never know what the decisions will be when Reserve Banks meet.

Half the problem over here though is even though the RBA drops the rates the damm banks dont pass to the total cuts.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,915
  • Feb 5, 2013 4:08pm Feb 5, 2013 4:08pm
AUDNZD Daily:

Having a crack at this one.
Attached Image (click to enlarge)
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  • #2,916
  • Feb 6, 2013 1:32am Feb 6, 2013 1:32am
AUDUSD Hourly:

Short postion on the hourly chart. Target the red line below just above the 1.0300 area.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Hourly.jpg Size: 86 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,917
  • Feb 6, 2013 1:53am Feb 6, 2013 1:53am
hi all

been watching this one for a while. now closed above 1.30000 level after pullback.
Attached Image (click to enlarge)
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trading is not an addiction. it's a profession.
  • #2,918
  • Feb 6, 2013 2:18am Feb 6, 2013 2:18am
Quoting DarkWolF
AUDUSD Hourly:

Short postion on the hourly chart. Target the red line below just above the 1.0300 area.
BE in place, target not yet achieved.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,919
  • Feb 6, 2013 2:20am Feb 6, 2013 2:20am
Quoting haimber
hi all

been watching this one for a while. now closed above 1.30000 level after pullback.
Hi Haimber,

Ya I have been watching the same pair, already have a position open on it, I will try get some images up a bit later.

Back a little later, hopefully to see my AUDUSD target achieved.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #2,920
  • Feb 6, 2013 2:25am Feb 6, 2013 2:25am
Quoting DarkWolF
Hi Haimber,

Ya I have been watching the same pair, already have a position open on it, I will try get some images up a bit later.

Back a little later, hopefully to see my AUDUSD target achieved.
Closed it out a touch before the target line.

Close enough I think
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Hourly closed.jpg Size: 82 KB
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