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Price Action and Trading Discussion

  • #3,081
  • Mar 13, 2013 4:33am Mar 13, 2013 4:33am
Quoting Tiwa
I took long on usdchf 4hour time frame let see how it will pay out

Attachment

Where is your target area on this one Tiwa ?

RN just above or area you aiming for the previous high area ?
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,082
  • Mar 13, 2013 4:37am Mar 13, 2013 4:37am
Quoting DarkWolF
Where is your target area on this one Tiwa ?

RN just above or area you aiming for the previous high area ?
We have a RN above the move and personally i use software to take my final profit because sometime you can be greedy and leave the trade for too long and also the brokers you know what i mean


http://www.tenkebeforexsignal.com/
  • #3,083
  • Mar 13, 2013 5:06am Mar 13, 2013 5:06am
Quoting Tiwa
We have a RN above the move and personally i use software to take my final profit because sometime you can be greedy and leave the trade for too long and also the brokers you know what i mean

Indeed. Taking profit does take more discipline than actually getting into a trade. Too much emotion can cloud better judgement at times.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,084
  • Mar 13, 2013 5:41am Mar 13, 2013 5:41am
I took this one on EURUSD 1 hour time frame target before the bottom

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 1hour short setup 13 03 2013.gif Size: 26 KB


http://www.tenkebeforexsignal.com/
  • #3,085
  • Mar 13, 2013 6:29am Mar 13, 2013 6:29am
Quoting Tiwa
I took long on usdchf 4hour time frame let see how it will pay out

Attachment
percentage taken is now a free trade
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf long setup 13 03 2013 update.gif Size: 20 KB



http://www.tenkebeforexsignal.com/
1
  • #3,086
  • Mar 13, 2013 10:49am Mar 13, 2013 10:49am
Possible H&S.

Put a sell stop below.
Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 26 KB
Thoughts are things
  • #3,087
  • Mar 14, 2013 2:10am Mar 14, 2013 2:10am
Hi Guys,

Just getting my first look at th charts for the day.

Anyone got their eyes on any charts ?

Im keeping an eye on EURUSD first up for potential short movement.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,088
  • Mar 14, 2013 2:43am Mar 14, 2013 2:43am
I have already taken long on euro/jpy, although i was in, a little bit late. gbp/usd looks like a potential trade to the down side. let us watch and see what will come up later today, when us session opens.
  • #3,089
  • Mar 14, 2013 4:18am Mar 14, 2013 4:18am
Quoting olisavictor
I have already taken long on euro/jpy, although i was in, a little bit late. gbp/usd looks like a potential trade to the down side. let us watch and see what will come up later today, when us session opens.
Hi Olisavictor,

Where was your entry on this one ?
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,090
  • Mar 14, 2013 4:21am Mar 14, 2013 4:21am
Quoting DarkWolF
Hi Guys,

Just getting my first look at th charts for the day.

Anyone got their eyes on any charts ?

Im keeping an eye on EURUSD first up for potential short movement.
Had a pending order in the market, with a target area of just above the RN area.

When came back to my PC to see I had been triggred in and price price stalled once around the lows and then pushed back to them I decided to simply close out at the lows and take my profit rather than try to push for the original area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD Hourly 14-03.jpg Size: 172 KB
Click to Enlarge Name: EURUSD hourly 14-03 TP.jpg Size: 184 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,091
  • Mar 14, 2013 4:24am Mar 14, 2013 4:24am
Quoting Tiwa
I took long on usdchf 4hour time frame let see how it will pay out

Attachment

Quoting Tiwa
I took this one on EURUSD 1 hour time frame target before the bottom

Attachment
Hi Tiwa,

Both of these worked out well for you, nice work.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,092
  • Mar 14, 2013 5:22am Mar 14, 2013 5:22am
Thanks Darkwolf.
Hi all i took short on this EURCAD 4hour and i hope it work out fine
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad 4hour short setup 14 03 2013 update1.gif Size: 27 KB


http://www.tenkebeforexsignal.com/
  • #3,093
  • Mar 14, 2013 6:14am Mar 14, 2013 6:14am
Quoting DarkWolF
Hi Olisavictor,

Where was your entry on this one ?
My entry on euro/jpy is at 125.02. The trade is yet to go into profit as at this time. But it will go
I don't have the time to post any chart, but i will do so as soon as i have the time.
  • #3,094
  • Mar 14, 2013 7:53am Mar 14, 2013 7:53am
Quoting Tiwa
Thanks Darkwolf.
Hi all i took short on this EURCAD 4hour and i hope it work out fine
Attachment

Was knocked out with percentage taken and stoploss moved @20 pips not bad.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad 4hour short setup 14 03 2013 update2.gif Size: 24 KB



http://www.tenkebeforexsignal.com/
.
  • #3,095
  • Mar 15, 2013 12:30am Mar 15, 2013 12:30am
USDCAD Hourly:

I dont normally get to be at the charts this time of day but managed to squeeze a couple of trades that turned out ok

Looking for the short continuation on this one targeting just above the RN area below. Trade went well and closed out just before the target line and banked the pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCAD Hourly 15-03.jpg Size: 166 KB
Click to Enlarge Name: USDCAD Hourly 15-03 TP.jpg Size: 167 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,096
  • Mar 15, 2013 12:33am Mar 15, 2013 12:33am
EURGBP Hourly:

Again looking for the contiuation short move with a target at the most recent lows.

After a small push down I got a BE in on this one.

And then closed out just before the target line pretty much level with the previous lows.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBP Hourly 15-03.jpg Size: 164 KB
Click to Enlarge Name: EURGBP Hourly BE 15-03.jpg Size: 171 KB
Click to Enlarge Name: EURGBP Hourly TP 15-03.jpg Size: 174 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,097
  • Mar 15, 2013 12:37am Mar 15, 2013 12:37am
EURAUD Hourly:

I also had a pending order in for on this pair looking for the resistance area to hold once again, but have decided to cancel this order for now and wait to see what else may present itself.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 15-03 Pending.jpg Size: 161 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,098
  • Mar 15, 2013 1:26am Mar 15, 2013 1:26am
Hi Here is a chart of the Aud/Usd this morning on a 15 minute timeframe for an intraday buy. It is a cautious buy starting at where price moved at 1.0305 with a stop at 1.0276. I've marked that off on the chart. I looked at the higher timeframe on a 4 hrly chart and the trend is up as is the monthly for a really high time frame trend and am still going to go with the trend, although I am aware that on a weekly chart price action is being squeezed into a smaller and smaller range. Also I look at the dollar index which is coming into daily resistance. For those 2 reasons that's why I am cautious.

So am waiting for a pullback on the 15 minute chart to re-engage with the trend long - with a small stop loss. I use only one moving average, the 100 period and the CCI for an oversold signal to go long. Hope that adds to the discussion on trading and price action.
Attached Image (click to enlarge)
Click to Enlarge Name: aud_usd.png Size: 38 KB
  • #3,099
  • Mar 15, 2013 1:46am Mar 15, 2013 1:46am
Quoting gillh1
Hi Here is a chart of the Aud/Usd this morning on a 15 minute timeframe for an intraday buy. It is a cautious buy starting at where price moved at 1.0305 with a stop at 1.0276. I've marked that off on the chart. I looked at the higher timeframe on a 4 hrly chart and the trend is up as is the monthly for a really high time frame trend and am still going to go with the trend, although I am aware that on a weekly chart price action is being squeezed into a smaller and smaller range. Also I look at the dollar index which is coming into daily resistance....
Hi Gillh1,

I would say that on a 15 min chart this pair is largely moving sideways at the moment with price holding under the 1.0400 RN area and above the 1.03624 support area.

Of course areas are relevant to the time frame you area trading on so on a 15 min chart I would be looking for price to move outside of those areas. In the meantime it really could break either way.

Can I ask what you entry criteria was and it is quite a large stop for a 15 min chart ? or are you basing your stop etc on a longer term view ?

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,100
  • Mar 15, 2013 4:32am Mar 15, 2013 4:32am
Hi Dark wolf
My entry criteria is based on a pullback to re-engage with the trend - I would be looking for a 3:1 trade minimum so with my target at 1.0393 that would be 1.:3.6 so 24 pips risk for 88 pips reward. What kind of stops do you use? I adhere to a 1% risk for a trade and usually have stops around the 25-30 pip mark. I use technical stops under support levels for going long. At a pinch I could have my stop at 1.0285

looks like the 1.0362 support is just about being breached - it has been going sideways for several hours - but am waiting to see if it comes back to a price I want to buy at.
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