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Price Action and Trading Discussion

  • #3,681
  • Aug 7, 2013 7:53am Aug 7, 2013 7:53am
Quoting usasa
{quote} Yes. Even though the trade is on M1, it took almost 2 hours to form this setup.
Like SpongeBob eluded to earlier.... patience is the key
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  • #3,682
  • Aug 7, 2013 6:31pm Aug 7, 2013 6:31pm
hi to all of the forum. I wanted to share my feelings about the market audusd. possibly the market will seek this target.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd2.jpg Size: 416 KB
Sandovaljr
  • #3,683
  • Aug 8, 2013 2:09am Aug 8, 2013 2:09am
Quoting sandovaljr
hi to all of the forum. I wanted to share my feelings about the market audusd. possibly the market will seek this target. {image}
Hi Sandovaljr,

Potentially, but I would be a little reluctant to be buying this pair at the moment. But if the entry and exit fit your trading plan, its all good.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,684
  • Aug 8, 2013 2:12am Aug 8, 2013 2:12am
Quoting DarkWolF
CADJPY Daily: So far so good. But as well all know anything can happen in trading. Pips can easily be given back to the market. Will have BE in on this one soon. {image} {image}
Hi Guys,

Closed this position out on CADJPY daily banking the pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPY Daily Pending 05-08.jpg Size: 170 KB
Click to Enlarge Name: CADJPY Daily 07-08.jpg Size: 193 KB
Click to Enlarge Name: CADJPY Daily 08-08 TP.jpg Size: 186 KB
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  • #3,685
  • Aug 8, 2013 2:19am Aug 8, 2013 2:19am
EURJPY Daily:

A few key areas on this chart to be keeping an eye on to see how price reacts when reaching those levels.

Consolidating sideways at the moment after a large up move.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Daily - 08-08.jpg Size: 226 KB
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  • #3,686
  • Aug 8, 2013 4:37am Aug 8, 2013 4:37am
EY - went long at demand. The move down is quite overextended.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 65 KB
Thoughts are things
  • #3,687
  • Aug 8, 2013 5:01am Aug 8, 2013 5:01am
Same is true for GU
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 61 KB
Thoughts are things
  • #3,688
  • Aug 8, 2013 7:56pm Aug 8, 2013 7:56pm
Quoting Quezoy
EY - went long at demand. The move down is quite overextended. {image}
Hi Quezoy, Good entry and a perfect exit. I am long too on this.
Attached Image (click to enlarge)
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Weigh well output the loss and gain And proper action ascertain
  • #3,689
  • Aug 9, 2013 3:51am Aug 9, 2013 3:51am
If you were long on the GBP/USD pair yesterday you would be laughing all the way. I closed my positions early yesterday as I am funny enough down with a cold in the middle of summer heat.
Even today I will try to spend as little as possible in front of the PC as I am not feeling that great.
But there are some interesting movements to be expected, so keep sharp.

The Euro for today: The bias remains bullish
The Dax for today: Consolidation.
Gold intraday: Further upside.
GBP/USD – for today: The upside prevails.
UK100: Intraday: Caution.
pipdragons dot com
  • #3,690
  • Aug 15, 2013 5:44am Aug 15, 2013 5:44am
AUDJPY Daily:

Hi Guys,

Took a loss on this position. I didn't have any images done up but here is the trade with the entry and stop levels marked.

NZDJPY daily trade that I still have open that was looking promising at one stage is now also getting close to being stopped out.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Daily stopped.jpg Size: 198 KB
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  • #3,691
  • Aug 15, 2013 5:48am Aug 15, 2013 5:48am
Quoting DarkWolF
EURJPY Daily: A few key areas on this chart to be keeping an eye on to see how price reacts when reaching those levels. Consolidating sideways at the moment after a large up move. {image}
Not too much has happened on this chart recently with price hanging around that RN area.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ Daily 15-08.jpg Size: 229 KB
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  • #3,692
  • Aug 15, 2013 5:55am Aug 15, 2013 5:55am
AUDCAD Daily:

The value of a few lines on a chart......

And watching key areas.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Daily 15-08.jpg Size: 185 KB
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  • #3,693
  • Aug 15, 2013 5:58am Aug 15, 2013 5:58am
Quoting saoirse
If you were long on the GBP/USD pair yesterday you would be laughing all the way. I closed my positions early yesterday as I am funny enough down with a cold in the middle of summer heat. Even today I will try to spend as little as possible in front of the PC as I am not feeling that great. But there are some interesting movements to be expected, so keep sharp. The Euro for today: The bias remains bullish The Dax for today: Consolidation. Gold intraday: Further upside. GBP/USD – for today: The upside prevails. UK100: Intraday: Caution.
Hi Saoirsse,

Sorry I haven't been paying too much attention to the charts over the last few days, but if I look back on the GBPUSD I think I can see the area that you would have been referring too if I am lining the days up correctly.

Hope you are now feeling a bit better.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,694
  • Aug 15, 2013 6:05am Aug 15, 2013 6:05am
Quoting Quezoy
EY - went long at demand. The move down is quite overextended. {image}
Hi Quezoy,

Looking back now, depending on where you stop was looks like you would have picked up a nice trade on that one.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,695
  • Aug 15, 2013 6:26am Aug 15, 2013 6:26am
AUDCHF Daily:

An interesting level for price to be at on this chart.

Now to see how price reacts over the next couple of days.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF Daily 15-08.jpg Size: 182 KB
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  • #3,696
  • Aug 15, 2013 6:31am Aug 15, 2013 6:31am
EURNZD Daily:

Another chart with price sitting at a key area.

These are there kind of areas to be patient for and wait for price to come to and see how it reacts.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Daily.jpg Size: 212 KB
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  • #3,697
  • Aug 15, 2013 9:04pm Aug 15, 2013 9:04pm
Sitting on dry ground?
Attached Image (click to enlarge)
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  • #3,698
  • Aug 15, 2013 9:56pm Aug 15, 2013 9:56pm
I think this is time to start collecting price action gains there will be no second chace to get those gains...
Attached Image
  • #3,699
  • Aug 16, 2013 1:09am Aug 16, 2013 1:09am
Hi DW,

What software do you use to put the arrows, shading (the ellipses), text, etc on your chart?

Also, do you use it as part of your record keeping for every trade? If so, what other things do you record for each trade?

Thanks
  • #3,700
  • Aug 16, 2013 4:15am Aug 16, 2013 4:15am
Quoting Cujo2
Hi DW, What software do you use to put the arrows, shading (the ellipses), text, etc on your chart? Also, do you use it as part of your record keeping for every trade? If so, what other things do you record for each trade? Thanks
Hi Cujo,

I use a program called snagit to do the text etc on my charts - http://www.techsmith.com/snagit.html

Yes absolutely it is part of my record keeping, I record every trade I do as an image, at times I record them in video format.

This thread also acts a place for me to keep some of my thoughts, images etc.

I don't keep too much else to be honest, except the obvious is tracking the financial side of it.

Cheers.
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