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Price Action and Trading Discussion

  • #3,701
  • Aug 16, 2013 6:17am Aug 16, 2013 6:17am
Quoting necat
Sitting on dry ground? {image}
Hi Necat,

Risky move in a pair that has shown some bullish strength, but as we know anything can happen in the markets.

Where do you have stops placed ?
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,702
  • Edited 10:18pm Aug 17, 2013 8:35am | Edited 10:18pm
Quoting DarkWolF
{quote} 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.
That program is awesome. I might have to get it. I use Clip2Net but it's very basic (but free). SnagIt seems a lot more robust and has a lot more features.
  • #3,703
  • Aug 18, 2013 3:50am Aug 18, 2013 3:50am
Quoting Cujo2
{quote} That program is awesome. I might have to get it. I use Clip2Net but it's very basic (but free). SnagIt seems a lot more robust and has a lot more features.
Hi Cujo,

Yes it is quite good, I have been using it for quite a few years now, havent had a need to look elsewhere as it does tick all the boxes that I need it for.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,704
  • Aug 22, 2013 4:49am Aug 22, 2013 4:49am
Quoting DarkWolF
NZDJPY Daily: I put a pending short order in place on this pair. The position was triggered in. We seen some gapping on the market open. The gap was closed which happens more often than not and we can now see price moving away again. Hopefully I can see price push lower during todays sessions. {image} {image}
Hi Guys,

Been a little bit busy over the last week ish.

Took a loss on this NZDJPY trade. Starting too see price moving back now, my original target was going to be the RN area. Can't dwell on what might have been though because just as easily could have kept going the other way.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDJPY Daily 02-08 pending.jpg Size: 184 KB
Click to Enlarge Name: NZDJPY Daily 06-08.jpg Size: 195 KB
Click to Enlarge Name: NZDJPY Daily Stopped.jpg Size: 197 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,705
  • Aug 22, 2013 5:09am Aug 22, 2013 5:09am
Hi Guys,

Short on EURUSD just taken.

Target area achieved reasonably quickly on this one.

A quick trade is a good trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD Hourly 22-08.jpg Size: 160 KB
Click to Enlarge Name: EURUSD hourly TP 22-08.jpg Size: 162 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,706
  • Aug 22, 2013 5:41am Aug 22, 2013 5:41am
usd/jpy finally caught up to his mates euro and oz ......... they been waiting for him ..... up to major TL ... closed my longs and flat now
Never said I was Batman,all I'm saying is you'll never see us together.
  • #3,707
  • Aug 22, 2013 5:46am Aug 22, 2013 5:46am
they'll prob hang around there a bit now awaiting us figs..
Never said I was Batman,all I'm saying is you'll never see us together.
  • #3,708
  • Aug 22, 2013 5:53am Aug 22, 2013 5:53am
Attached Image (click to enlarge)
Click to Enlarge Name: euryen22813.jpg Size: 105 KB
Never said I was Batman,all I'm saying is you'll never see us together.
  • #3,709
  • Aug 22, 2013 5:56am Aug 22, 2013 5:56am
Attached Image (click to enlarge)
Click to Enlarge Name: usdyjpy22813.jpg Size: 116 KB
Never said I was Batman,all I'm saying is you'll never see us together.
  • #3,710
  • Aug 22, 2013 5:59am Aug 22, 2013 5:59am
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy 22813.jpg Size: 115 KB
Never said I was Batman,all I'm saying is you'll never see us together.
  • #3,711
  • Aug 22, 2013 6:10am Aug 22, 2013 6:10am
Quoting headfake
usd/jpy finally caught up to his mates euro and oz ......... they been waiting for him ..... up to major TL ... closed my longs and flat now
Hi Dark nice trade... did u trade the chinese figs earlier today?
Never said I was Batman,all I'm saying is you'll never see us together.
  • #3,712
  • Aug 22, 2013 6:14am Aug 22, 2013 6:14am
Quoting headfake
usd/jpy finally caught up to his mates euro and oz ......... they been waiting for him ..... up to major TL ... closed my longs and flat now
Hi Headfake,

I don't normally go down to the 15 min chart or below these days, but just had a quick look at the charts. Some good areas.

Attached a USDJPY chart with some key areas if price was to pullback to, could be worth watching to see how price reacts.

Then switched the same chart back to hourly, you can clearly see how the horizontal levels come into play.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj15.jpg Size: 134 KB
Click to Enlarge Name: ujhourly.jpg Size: 155 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,713
  • Aug 22, 2013 6:16am Aug 22, 2013 6:16am
Quoting headfake
{quote} Hi Dark nice trade... did u trade the chinese figs earlier today?
I don't usually trade based on any of the financial figures or drivers, but I do make sure I am aware of when the key economic data releases are due and on what currency pairs they may affect to err on the side of caution if I am looking at any of those currency crosses for trades.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,714
  • Aug 22, 2013 6:23am Aug 22, 2013 6:23am
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy1d.jpg Size: 112 KB
Never said I was Batman,all I'm saying is you'll never see us together.
  • #3,715
  • Aug 22, 2013 6:40am Aug 22, 2013 6:40am
Quoting headfake
{image}
Charts can be read an interpreted in so many different ways.

A lot of possibilities on this chart, I put a few lines, circles etc on to highlight a few.

As with all things trading, nothing is for certain... but what do we think is the most probable scenario ?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Daily.jpg Size: 208 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #3,716
  • Aug 22, 2013 6:42am Aug 22, 2013 6:42am
Quoting DarkWolF
{quote} I don't usually trade based on any of the financial figures or drivers, but I do make sure I am aware of when the key economic data releases are due and on what currency pairs they may affect to err on the side of caution if I am looking at any of those currency crosses for trades.
fair enough .... there was a few ,moaning in Australia about data being released when it shouldnt have been if you know what I mean, the AUD/JPY looked liked a valid rev to me anyways before that


USD/JPY at a major daily TL data coming in less than an hr bit of an uncle point for this pair especially with the other crosses lining up at daily TLs too
Never said I was Batman,all I'm saying is you'll never see us together.
  • #3,717
  • Aug 22, 2013 6:45am Aug 22, 2013 6:45am
Quoting DarkWolF
{quote} Charts can be read an interpreted in so many different ways. A lot of possibilities on this chart, I put a few lines, circles etc on to highlight a few. As with all things trading, nothing is for certain... but what do we think is the most probable scenario ? {image}
couldnt agree more nice chart
Never said I was Batman,all I'm saying is you'll never see us together.
  • #3,718
  • Aug 22, 2013 7:17am Aug 22, 2013 7:17am
Quoting DarkWolF
{quote} .. but what do we think is the most probable scenario ? {image}
Get this news out the way and we'll know, prefer the confirmation these days.... struggling to keep my eyes open anyone got any matchsticks?
Never said I was Batman,all I'm saying is you'll never see us together.
  • #3,719
  • Aug 22, 2013 7:25am Aug 22, 2013 7:25am
gbp/jpy at big resistance too
Never said I was Batman,all I'm saying is you'll never see us together.
  • #3,720
  • Aug 22, 2013 7:59am Aug 22, 2013 7:59am
Quoting headfake
gbp/jpy at big resistance too
Indeed it is.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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