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Price Action and Trading Discussion

  • #3,041
  • Mar 7, 2013 8:14am Mar 7, 2013 8:14am
Quoting jibjib210
nicley done tiwa

I took this nzd/usd trade short looking okay so far not sure what to make of it i thought the price would break faster intitally but some solid resistance there with the TL FIB and support alongside the highlow pattern if the bar closes as a doji il look to add
Hi jibjib210 i dont usually trade NZDUSD but this is my thought it may come down but be aware of the RN.
If am the one i may still hang there for a while just
Attached Image (click to enlarge)
Click to Enlarge Name: nzd today.gif Size: 25 KB
  • #3,042
  • Mar 7, 2013 10:44am Mar 7, 2013 10:44am
Quoting Tiwa
Hi all i took this USDJPY on continuation and is on 4hour timeframe and i like taking percentage which i
already did @ 25 pips now it let run hopefully
Attachment
The trade is moving nicely free trade now
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy long trade 07 03 2013 update 2.gif Size: 19 KB
  • #3,043
  • Mar 8, 2013 7:50am Mar 8, 2013 7:50am
Quoting jibjib210
nicley done tiwa

I took this nzd/usd trade short looking okay so far not sure what to make of it i thought the price would break faster intitally but some solid resistance there with the TL FIB and support alongside the highlow pattern if the bar closes as a doji il look to add
jibjib210 are you stiil there nicely done now but as i said before be aware of RN good luck.
  • #3,044
  • Mar 8, 2013 9:44am Mar 8, 2013 9:44am
hey tiwa. Just closed nzd/usd lol i got cold feet didnt let it hit my TP. The new on non farm employment change by the US brought the price down nicely but it being a friday and clear resistance around the .8200 number i just closed.

made 100 pips.

I missed the yen pairs really badly though didnt even catch one move and it looks all like all the yen pairs are back to being trashed after consolidtion. USD/jpy flying!
  • #3,045
  • Mar 8, 2013 9:51am Mar 8, 2013 9:51am
shorted aud/nzd on the touch trade of FIb, TL support and high low swing of the big downward trend. Dont usually take trades on friday but i feel this is a good touch trade to take and can hopefully make some pips before the end of the day.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd mar 8.gif Size: 22 KB
  • #3,046
  • Mar 10, 2013 7:16pm Mar 10, 2013 7:16pm
thoughts on aud/nzd guys?!?!?

from a long perspective it made a high low and got rejected from a very strong supply area. However the overall trend is down and theres substantial resistance at TL area also!

What to do?

Im sitting 15 pip profit atm
  • #3,047
  • Mar 10, 2013 7:50pm Mar 10, 2013 7:50pm
Hi Guys,

I have been quite busy over the last couple of weeks and havent had a real lot of time to be getting into the charts.

Hopefully from today I can get back into the charting.


Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,048
  • Mar 10, 2013 9:01pm Mar 10, 2013 9:01pm
Quoting jibjib210
thoughts on aud/nzd guys?!?!?

from a long perspective it made a high low and got rejected from a very strong supply area. However the overall trend is down and theres substantial resistance at TL area also!

What to do?

Im sitting 15 pip profit atm
Daily Chart as below.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 33 KB
  • #3,049
  • Mar 11, 2013 3:11am Mar 11, 2013 3:11am
Quoting jibjib210
thoughts on aud/nzd guys?!?!?

from a long perspective it made a high low and got rejected from a very strong supply area. However the overall trend is down and theres substantial resistance at TL area also!

What to do?

Im sitting 15 pip profit atm
This is how i look at it on 4hour it look weak going up but is still have bullish pattern all i will say is Patience is
the only answer
Attached Image (click to enlarge)
Click to Enlarge Name: today.gif Size: 23 KB
good luck
  • #3,050
  • Mar 11, 2013 5:35am Mar 11, 2013 5:35am
Quoting jibjib210
thoughts on aud/nzd guys?!?!?

from a long perspective it made a high low and got rejected from a very strong supply area. However the overall trend is down and theres substantial resistance at TL area also!

What to do?

Im sitting 15 pip profit atm
Hi Jibjib,

Well this one resulted in a losing trade for me on the daily short that I had open.

It is sitting at a highly confluenced area, I hope it works out well for you.

I dont touch trade too often, prefer to wait for some sort of confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD Daily 11-03.jpg Size: 195 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,051
  • Mar 11, 2013 5:57am Mar 11, 2013 5:57am
Anyone watching GBPUSD 4hour time for possible short trade
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4hours 11 03 2013 short setup.gif Size: 18 KB
  • #3,052
  • Mar 11, 2013 5:31pm Mar 11, 2013 5:31pm
AUDNZD - Inside bar and bearish harami formed on daily. If break and close above 1.24846, tendency to go higher. If break and close below 1.23773, tendency to go lower.
  • #3,053
  • Mar 12, 2013 4:02am Mar 12, 2013 4:02am
Quoting jibjib210
thoughts on aud/nzd guys?!?!?

from a long perspective it made a high low and got rejected from a very strong supply area. However the overall trend is down and theres substantial resistance at TL area also!

What to do?

Im sitting 15 pip profit atm
Looking like a stong bullish day today. If it can push above that 1.2500 area we could be seeing a change to the long side.

Again I prefer to be a bit patient and wait for some sort of confirmation, we could very well see it push up past the RN, take out stops would no doubt be placed around that area and then spike back down.

Nothing is for certain in the FX market.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,054
  • Mar 12, 2013 4:12am Mar 12, 2013 4:12am
USDCAD Hourly:

Keeping an eye on this general area to see what eventuates.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD hourly 12-03.jpg Size: 151 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,055
  • Mar 12, 2013 4:13am Mar 12, 2013 4:13am
Quoting Tiwa
Anyone watching GBPUSD 4hour time for possible short trade
Attachment
Hi Tiwa,

Did you take any positions on this one ?
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,056
  • Mar 12, 2013 4:20am Mar 12, 2013 4:20am
EURAUD Hourly:

Took a short on this one, target at the red line area below.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 12-03.jpg Size: 156 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,057
  • Mar 12, 2013 4:36am Mar 12, 2013 4:36am
hi DW and all.

AUDCHF

looks bullish in weekly chart . first target is also monthly resistence.
Attached Image (click to enlarge)
Click to Enlarge Name: aud123.gif Size: 24 KB
trading is not an addiction. it's a profession.
  • #3,058
  • Edited 5:07am Mar 12, 2013 4:53am | Edited 5:07am
Quoting DarkWolF
Hi Tiwa,

Did you take any positions on this one ?
No, but am in another trade different setup cadjpy short trade.
TO ALL:
You may want to check out this site were you can get trade setup through your email for free.
There is not much different from kind of setup on this thread but you can be alert by email
and you take the trade if you like is not a forum because i participate on this thread and i shall remain
is just extra ways of getting setup. For example we dont trade this type
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy 12 03 2013 short trade 4hour.gif Size: 19 KB

but is valid.Anyway we talk more about it later maybe.


Trust in what you belived
http://www.tenkebeforexsignal.com/
  • #3,059
  • Mar 12, 2013 5:12am Mar 12, 2013 5:12am
Quoting Tiwa
No, but am in another trade different setup cadjpy short trade.
TO ALL:
You may want to check out this site were you can get trade setup through your email for free.
There is not much different from kind of setup on this thread but you can be alert by email
and you take the trade if you like is not a forum because i participate on this thread and i shall remain
is just extra ways of getting setup. For example we dont trade this typeAttachment
but is valid.Anyway we talk more about it later maybe.


Trust in what you belived
http://www.tenkebeforexsignal.com/...
beware that its a counter trend in a strong weekly trend.
Attached Image (click to enlarge)
Click to Enlarge Name: aud123.gif Size: 30 KB
trading is not an addiction. it's a profession.
  • #3,060
  • Mar 12, 2013 5:18am Mar 12, 2013 5:18am
Thanks i know that but this type of setup usually gives you two candles
bear in that is a counter trade as you said one dont have to be greedy i will post you the result in couple of hours
remember i traded jpy last week (USDJPY LONG) so there must be pullback if at all it will continue.
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