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Price Action and Trading Discussion

  • #3,001
  • Feb 20, 2013 5:43am Feb 20, 2013 5:43am
Actually am re-entring usdcad 4hour long
Attached Image (click to enlarge)
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  • #3,002
  • Feb 20, 2013 9:08am Feb 20, 2013 9:08am
Quoting timeismoney
aud/nzd intraday analysis [email protected], [email protected], [email protected], estimated time 120 hours
Hey looks like its working out pretty well for you so far. May i ask what made you go long there? Am i missing something here, it was making constant hi lows as well as had resistance where you bought it and it kept making spinning top candles and undecided PA.

Also you might want to reconsider the TP theres weekly resistance at 1.2375 area, but that is just my observation anyway

GL!

Is anyone still short on the aud/nzd ?!?!
  • #3,003
  • Feb 20, 2013 2:05pm Feb 20, 2013 2:05pm
Quoting Tiwa
Actually am re-entring usdcad 4hour long
Attachment
Would have had my target area achieved but thats trading.

Im still short on the AUDNZD jibjib.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,004
  • Feb 20, 2013 4:40pm Feb 20, 2013 4:40pm
Quoting DarkWolF
Would have had my target area achieved but thats trading.

Im still short on the AUDNZD jibjib.
I closed out after the news saying nzd was going to intervene and price shooting up 100 pips. I had too many lots open and couldnt hold on anymore i was too close to margin call espically with such a low funded account lool!

Novice mistake by up but one that was a valuable lesson nontheless. Saw 1.1k pips evaporate into 300 in minutes ! Gonna stay positive and think those two months of waiting didnt go to waste and i did learn something.

I think you should hold the trend is still downwards it will make it to 1.2 im confident! especially after it retracted back soo much to close below the daily resistance

For me im still short aud/usd going well back to stacking positions !!
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  • #3,005
  • Edited 4:31am Feb 21, 2013 2:45am | Edited 4:31am
Anyone with me on this one CADJPY 4 HOUR SHORT TRADE
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  • #3,006
  • Edited 4:48am Feb 21, 2013 4:20am | Edited 4:48am
Quoting Tiwa
Anyone with me on this one CADJPY 4 HOUR SHORT TRADE
Attachment

good setup tiwa. but take a look in the daily there is a significant support not far from you, in 91.00 area.
trading is not an addiction. it's a profession.
  • #3,007
  • Feb 21, 2013 4:34am Feb 21, 2013 4:34am
Quoting haimber
good setup tiwa. but take a look in the daily there is a significant support not far from you, in 91.00.
You may be right but have a look also on weekly double hammer showing strong sign to the down side
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  • #3,008
  • Feb 21, 2013 5:49am Feb 21, 2013 5:49am
right. we see sort of exaustion bars in the weekly chart but going short is counter trend. what i do usually is to wait for confirmation in daily like rejection from resistence to go short. the weekly uptrend so far was strong so we have to be carefull.
trading is not an addiction. it's a profession.
  • #3,009
  • Feb 21, 2013 6:09am Feb 21, 2013 6:09am
Quoting Tiwa
Anyone with me on this one CADJPY 4 HOUR SHORT TRADE
Attachment

Next RN could be easily achieved on this one
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,010
  • Feb 21, 2013 6:16am Feb 21, 2013 6:16am
EURUSD Daily:

Took this one with a target at the red line.

Now to see if it can be achieved.
Attached Image (click to enlarge)
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,011
  • Feb 21, 2013 11:08am Feb 21, 2013 11:08am
Quoting timeismoney
eur/usd intraday analysis [email protected]., sl@ 1.3060, [email protected], estimated time 50 hours
Hi timeismoney am sorry but i dont get the concept of the trade maybe going back to the first page of this thread may help, remember we are all here to help one another
  • #3,012
  • Feb 21, 2013 12:50pm Feb 21, 2013 12:50pm
Quoting timeismoney
i believe that every event in this world happens in a specific time. i am looking for the best time to enter market according to price action with more than 85% accuracy.
You're right
  • #3,013
  • Feb 21, 2013 2:14pm Feb 21, 2013 2:14pm
hi DW and all!


USDCAD


i think its time to close the trade and stay aside.
Attached Image (click to enlarge)
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trading is not an addiction. it's a profession.
  • #3,014
  • Feb 22, 2013 5:11am Feb 22, 2013 5:11am
Hi all anyone riding on EURAUD 4 hour time frame
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  • #3,015
  • Feb 22, 2013 5:18am Feb 22, 2013 5:18am
Might seem a bit crazy, but seems like a good level to be going long on EURUSD to me.
  • #3,016
  • Feb 24, 2013 6:16pm Feb 24, 2013 6:16pm
E-U weekly timeframe.

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  • #3,017
  • Feb 24, 2013 6:18pm Feb 24, 2013 6:18pm
Quoting Musashi
Might seem a bit crazy, but seems like a good level to be going long on EURUSD to me.
Hi Musashi,

There certainly is some support evident at this area on the chart.

I put a BE in on my EU Daily trade, of which was hit during the Friday session.

I think we can clearly see what assisted in price stalling where it did.

If we can break the support the next RN area below would make the next obvious support area.

If support holds and price pushes higher I would like to see the resistance area break and hold before looking for any long opportunities.

We may very well see a range develop between 1.3000 and 1.3500.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily 25-02.png Size: 52 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,018
  • Feb 24, 2013 6:22pm Feb 24, 2013 6:22pm
Quoting Tiwa
Hi all anyone riding on EURAUD 4 hour time frame
Attachment
Hi Tiwa,

No cant say that I got onto that one.

Bit of a gap up on open today but still holding at that resistance area. Gaps usually find themslves getting filled so we may find price moving back slightly to start with.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,019
  • Feb 24, 2013 6:25pm Feb 24, 2013 6:25pm
Quoting haimber
hi DW and all!


USDCAD


i think its time to close the trade and stay aside.
Hi haimber,

Turned out to quite a nice trade for you

And a good logical area to be taking profit or looking to lock some in.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,020
  • Feb 24, 2013 6:27pm Feb 24, 2013 6:27pm
Not too much going on for me on the daily charts today.

Will need to check a little later during the London and NY sessions for 4 hourly and hourly opportunities.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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