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Price Action and Trading Discussion

  • #4,061
  • Dec 18, 2013 7:31am Dec 18, 2013 7:31am
Quoting jen101
{quote} Traded on the bounce . Ambitious target I know, but I will be moving the stop along the way. {image} {image}
How's this for a white knuckle ride?! Went to -75 pips, now at +90 and BE set. Phew. I said this one was crazy. What do you reckon, will it go all the way?
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  • #4,062
  • Dec 18, 2013 9:51am Dec 18, 2013 9:51am
Another trade opened this afternoon.
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  • #4,063
  • Dec 18, 2013 10:06am Dec 18, 2013 10:06am
Quoting jen101
Another trade opened this afternoon. {image}
Careful opening a trade before the massive news release in a few hours.
Stops are going to be run both ways on pairs and you will see false break outs across the board.
  • #4,064
  • Dec 18, 2013 10:12am Dec 18, 2013 10:12am
Quoting Sonofsin5
{quote} Careful opening a trade before the massive news release in a few hours. Stops are going to be run both ways on pairs and you will see false break outs across the board.
BE's set .
  • #4,065
  • Dec 18, 2013 12:06pm Dec 18, 2013 12:06pm
GBPCHF: Ok Jen, so price broke the 144.8 and blasted past 145. Forget break even, I would take profits now. What are you like +120. Take profits now way before the news. 145.700 may have too many sell orders waiting. No one goes broke taking proft. Trade setups come everyday. Tomorrow will provide another 120. Heck it may be a nice short at 145.700. See how price reacts...

Quoting jen101
{quote} How's this for a white knuckle ride?! Went to -75 pips, now at +90 and BE set. Phew. I said this one was crazy. What do you reckon, will it go all the way? {image}
SPC * Swollen PocketZ Crew!
  • #4,066
  • Dec 18, 2013 12:31pm Dec 18, 2013 12:31pm
Quoting JoeNY
GBPCHF: Ok Jen, so price broke the 144.8 and blasted past 145. Forget break even, I would take profits now. What are you like +120. Take profits now way before the news. 145.700 may have too many sell orders waiting. No one goes broke taking proft. Trade setups come everyday. Tomorrow will provide another 120. Heck it may be a nice short at 145.700. See how price reacts... {quote}
Closed +104 pips.

Quoting jen101
Another trade opened this afternoon. {image}
Unfortunately this came within 2 pips of target, reversed and closed at BE. Can't win them all.
  • #4,067
  • Dec 18, 2013 1:33pm Dec 18, 2013 1:33pm
Excellent....

Quoting jen101
{quote} Closed +104 pips. {quote} Unfortunately this came within 2 pips of target, reversed and closed at BE. Can't win them all.
SPC * Swollen PocketZ Crew!
  • #4,068
  • Dec 19, 2013 5:01am Dec 19, 2013 5:01am
Quoting DarkWolF
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. {image}
Hi Guys,

I havent been able to get back to post image.

Took a loss with this NZDJPY hourly position yesterday.
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Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #4,069
  • Dec 19, 2013 6:15am Dec 19, 2013 6:15am
Quoting DarkWolF
{quote} Hi Guys, I havent been able to get back to post image. Took a loss with this NZDJPY hourly position yesterday. {image} {image}
USD news affected almost every pair yesterday...
  • #4,070
  • Dec 19, 2013 6:32am Dec 19, 2013 6:32am
Going to short GBPCHF a few pips under 1.47, looking for that support to turn to resistance.
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  • #4,071
  • Dec 20, 2013 5:57am Dec 20, 2013 5:57am
Bagged a quick 29 pips during the night. I like these little trades with tight stops. It's not about pips but volume.

Have another similar one on the go on the EURAUD. Merry Christmas everyone!
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  • #4,072
  • Dec 20, 2013 8:00am Dec 20, 2013 8:00am
Quoting jen101
Bagged a quick 29 pips during the night. I like these little trades with tight stops. It's not about pips but volume. Have another similar one on the go on the EURAUD. Merry Christmas everyone! {image} {image}
Sod it, another BE hit. At least no losers.
  • #4,073
  • Dec 20, 2013 9:57am Dec 20, 2013 9:57am
jen, what triggered your entry on CAD/JPY? got in a bit later than you, after the pullback...
  • #4,074
  • Dec 20, 2013 10:04am Dec 20, 2013 10:04am
Quoting inad07
jen, what triggered your entry on CAD/JPY? got in a bit later than you, after the pullback...
I set a pending order 10 pips above the previous highs.
  • #4,075
  • Dec 21, 2013 3:23am Dec 21, 2013 3:23am
Quoting jen101
Bagged a quick 29 pips during the night. I like these little trades with tight stops. It's not about pips but volume. Have another similar one on the go on the EURAUD. Merry Christmas everyone! {image} {image}
My end of week analysis : I'm wracking my head about that EURAUD trade above. Why did it not happen? Ok, I know the Friday before Christmas is a BAD idea, but I've a feeling there's more to it than that. Did I miss something? Time entered was 10:39 GMT, went to about +40pips then reversed and hit BE. If I didn't set the BE, it would have hit the SL. A lot of my losses are like this; is it something to do with the shape of the candles? Your thoughts welcome
  • #4,076
  • Dec 21, 2013 8:05am Dec 21, 2013 8:05am
There was a key zone in 2010 on the weekly but in reality, hey it's the market. This was on a nice drive since the beginning of November. A nice number like 1.55 would be a nice spot to put a bunch of sell orders right above...

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Quoting jen101
{quote} My end of week analysis : I'm wracking my head about that EURAUD trade above. Why did it not happen? Ok, I know the Friday before Christmas is a BAD idea, but I've a feeling there's more to it than that. Did I miss something? Time entered was 10:39 GMT, went to about +40pips then reversed and hit BE. If I didn't set the BE, it would have hit the SL. A lot of my losses are like this; is it something to do with the shape of the candles? Your thoughts welcome
SPC * Swollen PocketZ Crew!
  • #4,077
  • Dec 21, 2013 8:43am Dec 21, 2013 8:43am
Quoting JoeNY
There was a key zone in 2010 on the weekly but in reality, hey it's the market. This was on a nice drive since the beginning of November. A nice number like 1.55 would be a nice spot to put a bunch of sell orders right above... {image} {quote}
I think it was basically a crap level. Price didn't exactly shoot off from that area, so there might not really have been many buy orders hanging around. On that H4 EURAUD chart, the lower 2 levels are much better. Live and learn
  • #4,078
  • Edited 11:39am Dec 23, 2013 10:15am | Edited 11:39am
Quoting GDR3k
Going to short GBPCHF a few pips under 1.47, looking for that support to turn to resistance. {image}
Closed just above 1.46 for +97, back in long at 1.4601 at the whole number and hoping for a bounce away from the 4hr 50ema, target 4683.

Merry christmas.

edit.. out for +32.

That's me done for 2013.
  • #4,079
  • Dec 23, 2013 11:05am Dec 23, 2013 11:05am
USD/CAD H12 is setting up, currently pulling back to test the trend line
if it bounces i'm short at 1.0575, what do you think, risky because of the major up trend?
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  • #4,080
  • Dec 23, 2013 2:26pm Dec 23, 2013 2:26pm
Quoting inad07
USD/CAD H12 is setting up, currently pulling back to test the trend line if it bounces i'm short at 1.0575, what do you think, risky because of the major up trend? {image}
Check out Weekly and Daily charts, the price is fighting with solid Resistant zone, I would wait for something more clear:

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