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Price Action and Trading Discussion

  • #3,261
  • Edited 8:04am Apr 15, 2013 6:07am | Edited 8:04am
Hi all progress of the two trade i took today both on 1hour time frame percentage already taking and
just waiting to see if target will be achieved GBPAUD and EURAUD both long trade
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudh1 long setup 15 04 2013.png Size: 36 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudh1 long setup 15 04 2013 update1.png Size: 38 KB


Attached Image (click to enlarge)
Click to Enlarge Name: euraud 1hour long setup 15 04 2013.gif Size: 22 KB

Attached Image (click to enlarge)
Click to Enlarge Name: euraud 1hour long setup 15 04 2013 update1.gif Size: 22 KB

Manually close before the RN
Attached Image (click to enlarge)
Click to Enlarge Name: euraud 1hour long setup 15 04 2013 update2.gif Size: 19 KB



http://www.tenkebeforexsignal.com/
  • #3,262
  • Apr 15, 2013 2:50pm Apr 15, 2013 2:50pm
My pending order trigger on usdcad 4hour for long trade percentage taking now waiting to see if the target
will be reached
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 4hour long set 15 04 2013.gif Size: 20 KB

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 4hour long set 15 04 2013 update1.gif Size: 25 KB


http://www.tenkebeforexsignal.com/
  • #3,263
  • Apr 16, 2013 4:50am Apr 16, 2013 4:50am
Hi Guys,

Have been a bit absent from the forum over the last weekish as have been spending some time working on another project that I need to get finished off by the end of this week which has been chewing up some of my time.

Hope you all have been banking some pips with some nice trades.

Will try and keep an eye on some charts during the sessions today and get some images up if there are any trades I take.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,264
  • Apr 16, 2013 7:19am Apr 16, 2013 7:19am
AUDCHF Hourly:

Short position looking for a move back down to the support area.

Target achieved.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCHF Hourly pending 16-04.jpg Size: 173 KB
Click to Enlarge Name: AUDCHF TP 16-04.jpg Size: 162 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,265
  • Apr 16, 2013 10:04am Apr 16, 2013 10:04am
Results of trading with this pair are below:
sell 0.10 audusd
started at 2013.04.05 16:23
started point: 1.03995
stop loss 1.04167
take profit 1.03909
closed at: 2013.04.05 16:30
closed point: 1.03972
Results: + 2.30
  • #3,266
  • Apr 16, 2013 10:17am Apr 16, 2013 10:17am
Results of trading with usdcad are below:
buy0.10usdcad
started at 2013.04.05 16:34
started point: 1.02134
stop loss 1.01768
take profit 1.02854
closed at: 2013.04.05 16:55
closed point: 1.02239
Results: + 10.27
  • #3,267
  • Apr 16, 2013 10:23am Apr 16, 2013 10:23am
Results of trading with nzdusd are below:
buy0.10nzdusd
started at 2013.04.05 16:58
started point: 0.83851
stop loss 0.83357
take profit 0.84714
closed at: 2013.04.05 17:08
closed point: 0.83888
Results: + 3.70
  • #3,268
  • Apr 16, 2013 10:33am Apr 16, 2013 10:33am
Results of trading with usdjpy are below:
buy0.10usdjpy
started at 2013.04.05 17:07
started point: 96.885
stop loss 92.650
take profit 101.680
closed at: 2013.04.05 17:28
closed point: 97.185
Results: + 30.87
  • #3,269
  • Apr 16, 2013 11:34am Apr 16, 2013 11:34am
Hi all progress of trade taking today GBPCHF short trade and GBPCHF long trade percentage as been taking on both let see if the target will be reached(final update)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfh4 short trade 16 04 2013 update1.png Size: 53 KB

Attached Image (click to enlarge)
Click to Enlarge Name: euraud 4hour long setup 16 04 2013.gif Size: 20 KB

Attached Image (click to enlarge)
Click to Enlarge Name: euraud 4hour long setup 16 04 2013 update1.gif Size: 21 KB


http://www.tenkebeforexsignal.com/trade-setup-2/
  • #3,270
  • Apr 16, 2013 7:44pm Apr 16, 2013 7:44pm
Quoting Tiwa
Hi all progress of trade taking today GBPCHF short trade and GBPCHF long trade percentage as been taking on both let see if the target will be reached(final update) {image} {image} {image}
Some nice work there Tiwa.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,271
  • Apr 16, 2013 11:53pm Apr 16, 2013 11:53pm
Unfortunately, Price Action LAGS big time, same as indicators.

They cannot predict what will happen to the market. That's a FACT. Price action is a "Maybe"... But what I said, is a FACT. And nobody here can discredit it.

You can easily find out that Price Action fails a lot of times. But according to people defending their "business", when you make a good trade, it was thanks to price action. Now, when price action FAILS and you lose money, it was the trader's fault. That's a BIG LIE.
The Black Swan: The Impact of the Highly Improbable
  • #3,272
  • Apr 17, 2013 3:52am Apr 17, 2013 3:52am
GBPCHF trade closed
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfh4 gbpchf last update 17 04 2013.png Size: 49 KB


http://www.tenkebeforexsignal.com/trade-setup-2/
  • #3,273
  • Edited 6:22am Apr 17, 2013 3:58am | Edited 6:22am
Another trade running EURCAD 4hour time frame by the way long trade
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad long trade 17 04 2013.gif Size: 25 KB

This trade resulted to a small lost that is why in my trade i like taking precentage @ early stage
http://www.tenkebeforexsignal.com/trade-setup-2/
  • #3,274
  • Apr 17, 2013 8:08am Apr 17, 2013 8:08am
Quoting MapleLeaf
Unfortunately, Price Action LAGS big time, same as indicators. They cannot predict what will happen to the market. That's a FACT. Price action is a "Maybe"... But what I said, is a FACT. And nobody here can discredit it. You can easily find out that Price Action fails a lot of times. But according to people defending their "business", when you make a good trade, it was thanks to price action. Now, when price action FAILS and you lose money, it was the trader's fault. That's a BIG LIE.
Hi MapleLeaf,

Interesting view that you have.

Yes indeed every trading method fails at times no doubt about that. And yes you can discredit any method, just like you could make any method look good. And yes any trade that you take is totally your own responsibility as the trader, so therefore if it gives you a loss who do you have to blame but yourself ?

Trading is about "probability" not "fact" as nothing is a certaintity in the trading world and if you believe it is then you are not looking at trading in the correct manner.

But like I always say. Trade what works for you, an if price action does not work for then look for something that does...

Cheers.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,275
  • Apr 17, 2013 10:01am Apr 17, 2013 10:01am
AUDUSD Hourly:

Short position taken with target achieved
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD Hourly 17-04.jpg Size: 158 KB
Click to Enlarge Name: AUDUSD TP 17-04.jpg Size: 162 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,276
  • Apr 17, 2013 6:17pm Apr 17, 2013 6:17pm
Aud/Usd will most likely go to 101.50 maybe lower. I have a small open short position for that target.
Never Trade without a defined risk, never, never, never.
  • #3,277
  • Apr 18, 2013 8:34am Apr 18, 2013 8:34am
Quoting FxGladiator
Aud/Usd will most likely go to 101.50 maybe lower. I have a small open short position for that target.
Hi Gladiator,

Looking at the daily chart there is quite a good chance that could be a good level for it to head to.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,278
  • Apr 18, 2013 9:12am Apr 18, 2013 9:12am
AUDUSD Hourly:

Hi guys,

Another AUDUSD short for me today. I got the charts quite late today but got this one looking for the short momentum to continue and all turned out well with the target level being achieved.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD Hourly 18-04.jpg Size: 163 KB
Click to Enlarge Name: AUDUSD Hourly 18-04 TP.jpg Size: 162 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,279
  • Apr 23, 2013 7:35am Apr 23, 2013 7:35am
Hi all i took this trade this morning GBPCHF 1hour long trade the red line is my target but the market is stalling
percentage as been taking anyway i may close it manually
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf ihour long trade 23 04 2013.gif Size: 21 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf 1hour long trade 23 04 2013 update.gif Size: 21 KB


http://www.tenkebeforexsignal.com/trade-setup-2/
  • #3,280
  • Apr 24, 2013 2:33am Apr 24, 2013 2:33am
Can someone point me to the entry and exit rules of this system? thanks.
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