Price Action and Trading Discussion

Quoting pipsane

Disliked

Price Action Analysis for: GBPUSD http://www.forexfactory.com/showthre...77#post7089577 EURUSD http://www.forexfactory.com/showthre...71#post7089571

Ignored

Quoting DarkWolF

Disliked

Other pairs I am keeping an eye on for the session are EURUSD and USDCHF on hourly. Just got to see how price reacts over the next few bars and if anything presents itself.

Ignored

Quoting pipsane

Disliked

After being stopped on first trade, look for another opportunity to take a trade either on retracement to 1.3450, for a short position, or in 1.3400-1.3410 zone for a long position. Remember to wait to see weakness, or strength at those levels before opening any trade. {image}

Ignored

Quoting DarkWolF

Disliked

{quote} {quote} I was looking for a long position. I was hoping the upper level would have held. As it moved to the lower level, with potential of the RN area being tested I played this one with a little caution and put a break even in play reasonably quickly and then just let it be. The break even was taken out soon after. {image} {image}

Ignored

Quoting pipsane

Disliked

{quote} After my short @ 3444 I put BE during news. Now seems that 3445-50 is good for longs, but for some reason there is no steam to push it further. Market is indecisive and probably waiting for Yellen to talk (rather bearish about USD). Patient waiting is the best choice for me right now, since the bets are 50-50 up or down now.

Ignored

Quoting pipsane

Disliked

Anticipate EURUSD to move lower today, as we didn’t have enough strangh to break through Wednesday’s high (1.3497). That view is supported by flag pattern that reached 38,2% retracement where noticable supply zone can be defined. Primary look at 1.3409-27 as a zone that should be broken in order to validate bearish flag and continue downward move at least to 1.3300. In case currency pair moves up watch price action at 1.3500 and 1.3520. Further updates at mentioned levels. {image}

Ignored

Quoting DarkWolF

Disliked

AUDJPY Hourly: Long position taken on this pair. As I am targeting beyond the first resistance area on this one, I put a BE when price reached that resistance area. Now to see how it goes, will it push past it. {image} {image}

Ignored

Quoting DarkWolF

Disliked

{quote} The BE was taken out. A couple of those in a row now. Only bad thing about them is the potential given back. But good thing is protection from the loss and I move on. But I guess this is why I do usually target those first areas and probably should have on this one.

Ignored

Quoting Cujo2

Disliked

{quote} Have you tried taking half profit instead and leaving the stop loss where it is (assuming the half profit + current stop loss if hit = break even). That way you can give the trade room to move while still breaking even if it goes against you. But you seem pretty experienced so you've probably already tried that. The problem I have with taking half is that the losses feel so much bigger relative to the winners - and losing streaks have a bigger punch.

Ignored