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Price Action and Trading Discussion

  • #4,001
  • Dec 13, 2013 1:00pm Dec 13, 2013 1:00pm
Quoting inad07
took these trades yesterday. first pic: GBP/USD, M15 (+20pips) second pic: GBP/JPY M15 (+20pips) comments are welcome. {image} {image}
Everything is cool, inad, we just do not do small timeframes here that much, H1 and higher mostly.
  • #4,002
  • Dec 13, 2013 3:00pm Dec 13, 2013 3:00pm
A question for you guys, when do you close up shop for Christmas? I should imagine volume would be pretty thin next week.
  • #4,003
  • Dec 13, 2013 3:04pm Dec 13, 2013 3:04pm
We have to stop? I think I'm going to be...

Quoting jen101
A question for you guys, when do you close up shop for Christmas? I should imagine volume would be pretty thin next week.
SPC * Swollen PocketZ Crew!
  • #4,004
  • Dec 13, 2013 3:19pm Dec 13, 2013 3:19pm
Quoting JoeNY
We have to stop? I think I'm going to be... {quote}
Just think of all those overpaid bankers falling around drunk on their magnums of Dom Perignons bought with their million $ bonuses. I doubt they would be too productive.
  • #4,005
  • Dec 13, 2013 5:06pm Dec 13, 2013 5:06pm
Quoting jen101
A question for you guys, when do you close up shop for Christmas? I should imagine volume would be pretty thin next week.

I dont close up for christmas. usually leading up to christmas there is a fx santa that gives me lots of profits so come xmas i dont have to trade if i dont want to
All posts are my personal opinion
  • #4,006
  • Dec 15, 2013 3:15pm Dec 15, 2013 3:15pm
hi folks, just had a look over the charts and found this one:

GBP/JPY, H4

would you go short at ∼167.60?
Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto 2013-12-15 um 22.08.37.png Size: 14 KB
  • #4,007
  • Dec 15, 2013 4:18pm Dec 15, 2013 4:18pm
This was posted by FTI in the TAF Lounge in 2008.

Nov, the month of desperation for those dealers that may be in the red.

Dec is the month where only fools and the very very desperate still trades.



Quoting jen101
A question for you guys, when do you close up shop for Christmas? I should imagine volume would be pretty thin next week.
SPC * Swollen PocketZ Crew!
  • #4,008
  • Dec 16, 2013 3:43am Dec 16, 2013 3:43am
Quoting JoeNY
This was posted by FTI in the TAF Lounge in 2008. Nov, the month of desperation for those dealers that may be in the red. Dec is the month where only fools and the very very desperate still trades. {quote}
But we can still play on demo to feed our addiction .
  • #4,009
  • Dec 16, 2013 3:46am Dec 16, 2013 3:46am
Quoting inad07
hi folks, just had a look over the charts and found this one: GBP/JPY, H4 would you go short at ∼167.60? {image}
Yes. Taking a chance here, but let's see how it goes. Got 168.154.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.PNG Size: 76 KB
  • #4,010
  • Dec 16, 2013 3:54am Dec 16, 2013 3:54am
Quoting kebefx
Hi all i love trading pure price action thou i took this trade AUDCHF on monthly time frame base on continuation movement, comment are welcome as am still ready to learn. {image} where price is at the moment {image}
Hi Kefefx,

Nice trade. Looking good for you so far
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,011
  • Dec 16, 2013 3:56am Dec 16, 2013 3:56am
Quoting kebefx
CADJPY daily timeframe long trade as the top been breached hope it pay out well. Comment are welcome. {image}
Resistance area evident, but that does not mean it wont be broken and hold as support.

Hope it works out well for you.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,012
  • Dec 16, 2013 3:57am Dec 16, 2013 3:57am
Quoting vitall
{quote} My tools show slight downtrend and I am going to wait for the rebound from the green zone and move down. The other scenario is breakout-pullback-rebound from the green zone and trend up. This is what I see... So, let's wait for the Price Action {image}
Plan your trade... Trade your plan

Patience can be a virtue that is for sure.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,013
  • Dec 16, 2013 3:59am Dec 16, 2013 3:59am
Quoting jen101
A trade I have at the moment. AUD is dropping nicely again this week. Cashed in already on AUDUSD and waiting for that elusive AUDJPY still lol! {image} {image}
Hi Jen,

The AUD certainly has had some weakness that is for sure.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,014
  • Dec 16, 2013 4:00am Dec 16, 2013 4:00am
Quoting inad07
took these trades yesterday. first pic: GBP/USD, M15 (+20pips) second pic: GBP/JPY M15 (+20pips) comments are welcome. {image} {image}
Hi Inad,

Im a few days late, but just catching up on the posts.

Nice work on the trades
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,015
  • Dec 16, 2013 4:01am Dec 16, 2013 4:01am
Quoting vitall
{quote} That is the pair I closed early with small profit: made a mistake
Hi Vitall,

Profit is profit, ya' cant dwell on what might of been, gotta keep the focus on the next opportunity
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,016
  • Dec 16, 2013 4:04am Dec 16, 2013 4:04am
Quoting jen101
A question for you guys, when do you close up shop for Christmas? I should imagine volume would be pretty thin next week.
Hi Jen,

A lot of traders do shut up shop over the Christmas period.

I get quite busy leading into Christmas, starting this week right through until New Years, but will try and get some time on the charts most time, depending on time.

Time does get away from a bit now when I get home, my little 7 month old daughter can be quite the distraction once I start playing with her
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,017
  • Dec 16, 2013 4:06am Dec 16, 2013 4:06am
I think that the week between Christmas and New Year can be a bit more quiet than the weeks leading up to Christmas.

Ok, all caught up on the posts, now to check out the charts
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,018
  • Dec 16, 2013 5:00am Dec 16, 2013 5:00am
Quoting jen101
{quote} Yes. Taking a chance here, but let's see how it goes. Got 168.154. {image}
Bottled out of this at +4 pips. Not sure about it.
  • #4,019
  • Dec 16, 2013 6:02am Dec 16, 2013 6:02am
GBPCHF Hourly:

Hi Guys,

Took a short on this pair. Put a break even to protect the position.

With price getting this close the target area I would normally close it out, but didn't this time. Currently price has bounced away from that area, will leave the break even in play and see how it goes.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCHF Hourly 16-12.jpg Size: 148 KB
Click to Enlarge Name: GBPCHF Hourly 16-12 BE.jpg Size: 139 KB
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,020
  • Dec 16, 2013 6:05am Dec 16, 2013 6:05am
Quoting jen101
{quote} Bottled out of this at +4 pips. Not sure about it.
Does not hurt to protect capital Jen.

If you area unsure then get out of the position rather than letting it take your stop loss out for a full loss on the position.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
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