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Price Action and Trading Discussion

  • #4,041
  • Dec 17, 2013 10:03am Dec 17, 2013 10:03am
Quoting vitall
{quote} I am on it as well, it is good trade! {image}
Once price clears 90.500, it's all the way down to 87.500 .
  • #4,042
  • Dec 17, 2013 10:08am Dec 17, 2013 10:08am
Quoting jen101
I have been going on the past week or so about AUDJPY going down. Looks like I've finally got my trade. There will be more for this pair. {image}
Good trade jen101 well done



  • #4,043
  • Dec 17, 2013 10:16am Dec 17, 2013 10:16am
GBP/USD, H4

broke horizontal trendline and pulled back already, I'll go short at 1.6210

missed the opportunity where the arrow is :/
Attached Image (click to enlarge)
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  • #4,044
  • Dec 17, 2013 10:16am Dec 17, 2013 10:16am
Quoting kebefx
Some say they know when to trade and not, remember, when the road is quiet is when some prefer to drive same principle apply to fx market as long as your trade management is maintain i have no fear to trade any time. For me if there is no setup there is no trade. Example, this EURAUD daily time frame this matched my type of trade and pending order in place. {image}
Closing out this one plus 20 pip.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud daily long trade 17 12 2013 update.png Size: 12 KB
  • #4,045
  • Dec 17, 2013 10:20am Dec 17, 2013 10:20am
Quoting inad07
GBP/USD, H4 broke horizontal trendline and pulled back already, I'll go short at 1.6210 missed the opportunity where the arrow is :/ {image}
The reason I haven't shorted this pair is that on the daily it is in an uptrend and seems to be bouncing off the 23.6 fib.
  • #4,046
  • Dec 17, 2013 1:23pm Dec 17, 2013 1:23pm
This trade just get trigger let see how it plays out, a lot of levels to target but never know all i have to do is to monitor and manage the trade accordingly as this may be the last trade for the year for me.
USDCHF daily time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf daily short trade 16 12 2013.png Size: 16 KB
  • #4,047
  • Dec 17, 2013 5:28pm Dec 17, 2013 5:28pm
EUR/JPY H1 is setting up nicely... but it is against the main trend, what do you think?
Attached Image (click to enlarge)
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  • #4,048
  • Dec 18, 2013 1:06am Dec 18, 2013 1:06am
Quoting inad07
EUR/JPY H1 is setting up nicely... but it is against the main trend, what do you think? {image}
I see the consolidation around Median Line area. The best way is to wait the proper PA to determine the direction.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpydaily.png Size: 34 KB
  • #4,049
  • Dec 18, 2013 3:11am Dec 18, 2013 3:11am
Quoting kebefx
This trade just get trigger let see how it plays out, a lot of levels to target but never know all i have to do is to monitor and manage the trade accordingly as this may be the last trade for the year for me. USDCHF daily time frame. {image}
Seems like the next target level is 240 pips away, going back over 2 years! I'm watching this one .
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf weekly.PNG Size: 53 KB
  • #4,050
  • Dec 18, 2013 3:42am Dec 18, 2013 3:42am
Hi Guys,

Just logging in for the day, seems like the bit of economic news on the pound pairs caused a bit of movement.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,051
  • Dec 18, 2013 3:43am Dec 18, 2013 3:43am
Quoting jen101
{quote} Seems like the next target level is 240 pips away, going back over 2 years! I'm watching this one . {image}
Hi Jen,

The CHF pairs make me nervous sometimes to be holding them longer term. The SNB has proven in the past that it has no problems intervening in the markets to move their currency.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,052
  • Dec 18, 2013 3:47am Dec 18, 2013 3:47am
Quoting inad07
EUR/JPY H1 is setting up nicely... but it is against the main trend, what do you think? {image}


Quoting vitall
{quote} I see the consolidation around Median Line area. The best way is to wait the proper PA to determine the direction. {image}
Pretty much sideways at the moment. Caught between the 2 RN areas.

The longer term trend is bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ hourly 18-12.jpg Size: 175 KB
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  • #4,053
  • Dec 18, 2013 3:48am Dec 18, 2013 3:48am
Quoting kebefx
This trade just get trigger let see how it plays out, a lot of levels to target but never know all i have to do is to monitor and manage the trade accordingly as this may be the last trade for the year for me. USDCHF daily time frame. {image}
Hi Kebefx,

Last trade for the year. Hope it goes well for you
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,054
  • Dec 18, 2013 3:49am Dec 18, 2013 3:49am
Quoting kebefx
{quote} Closing out this one plus 20 pip. {image}
Profit is profit. Good work.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,055
  • Dec 18, 2013 3:50am Dec 18, 2013 3:50am
Quoting inad07
GBP/USD, H4 broke horizontal trendline and pulled back already, I'll go short at 1.6210 missed the opportunity where the arrow is :/ {image}
Currently affected by the economic data for todays session.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,056
  • Dec 18, 2013 3:55am Dec 18, 2013 3:55am
Quoting vitall
AUD/CHF looks promising, it has no support to stop the movement. {image}
Hi Vitall,

I would not say there is not support at the current level.

Quite the opposite in fact. I would say that price is sitting at quite a significant support level.

If it appears there is no support or resistance around, I always like to look back on the longer term chart for the next level in case of any nasty little surprises.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF Weekly 18-12.jpg Size: 324 KB
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  • #4,057
  • Dec 18, 2013 3:57am Dec 18, 2013 3:57am
Quoting jen101
I have been going on the past week or so about AUDJPY going down. Looks like I've finally got my trade. There will be more for this pair. {image}
Quoting vitall
{quote} I am on it as well, it is good trade! {image}
Nice work guys
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,058
  • Dec 18, 2013 3:57am Dec 18, 2013 3:57am
Quoting kebefx
I will be closing this AUDCHF monthly time frame trade now for + 240 pips {image}
Awesome
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,059
  • Dec 18, 2013 3:58am Dec 18, 2013 3:58am
Quoting ReaperKK
{quote} I usually stop the week of Christmas, however last year I traded through Christmas and I made quite a bit, in fact December was one of my most profitable months. This year I'll keep an eye on things and see.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,060
  • Dec 18, 2013 4:28am Dec 18, 2013 4:28am
NZDJPY Hourly:

Took a short entry on this one, looking for price to move lower from the RN area.

Now to sit back and see how it plays out.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY Hourly e 18-12.jpg Size: 158 KB
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